Thu, Feb 29, 2024 10:55 AM
Case for rate cuts strong if inflation keeps declining, says MPC's Ashima
A Flip by Avya Verma
Sayan Ghosh, a former IFC member, has launched Ortella Global Capital, a VC fund targeting Rs 300 crore, to provide hands-on support to start-ups in high-potential sectors, investing up to Rs 15 crore each in over 20 companies, focusing on early and growth-stage startups, with a goal of 10x returns and impact.
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The NTPC Green Energy IPO garnered a subscription rate of 12 percent on its opening day, November 19, with investors subscribing to over 7 crore shares against the 59.3 crore shares on offer. Retail Individual Investors (RIIs) led the initial response, subscribing to 50 percent of their allotted 8.6 crore shares, amounting to 4.3 crore shares.
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OK Play India Ltd's share price surged 5% on Tuesday, hitting the upper circuit limit, following the company's Q2 results, which showed a 25% decline in net profit but a 2.5% growth in Ebitda. Revenues fell 6% year on year, but the company expects benefits from capacity expansions to materialize in Q4 and projects robust business growth.
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