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Tuesday, November 19, 2024

NTPC Green Energy IPO subscribed 33% on Day 1 of offer; retail portion oversubscribed

NTPC Green Energy Ltd's IPO received bids for a third of the shares on its first day, with the retail portion oversubscribed. The company aims to raise Rs 10,000 crore to repay debt and fund growth. It plans to expand its renewable energy capacity significantly in the coming years, including pumped hydro projects.

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AI boom drives global VC funding to record $300bn

Global venture funding surged to a record $300 billion in Q1, largely propelled by AI deals, with four companies securing a significant port...