SECURE FINANCING
Greenjoules raises ₹150 crore in Series B funding, secures ₹100 crore TDB loan
Greenjoules has raised ₹150 crore in Series B funding from investors including Amazon’s Smbhav Venture Fund and Climate Pledge Fund, Rainmatter and Singularity, and secured another ₹100 crore loan from the government-backed Technology Development Board. The ₹250 crore financing will support a new Pune plant capable of producing 200,000 litres of biocrude a day from agricultural waste, with the company also planning to expand into sustainable aviation fuel and green hydrogen.
IIFL Finance shares rally 5% as Blackstone leads Rs 6,414 crore capital infusion
IIFL Finance shares surged on Wednesday after the company announced a Rs 6,414 crore capital infusion led by Blackstone, which will invest Rs 5,000 crore. The fundraise, also involving promoter investments and Anchorage Capital, aims to strengthen capital adequacy, lower funding costs and accelerate growth in secured lending.
The great Indian money hunt: Why India's shadow banks are pulling in billions of dollars
Blackstone is negotiating a significant investment in IIFL Finance, indicating rising global interest in non-bank lenders. Recent deals include investments by Carlyle and Advent International in housing finance firms. The demand for credit in India is growing, with NBFCs playing a crucial role in accessing underserved markets. Foreign investments in the financial sector have exceeded $20 billion since 2025, reflecting confidence in stability.
US SEC seeks to close Elon Musk, Tesla settlement fund
In a filing in Manhattan federal court, the SEC asked a federal judge to close the Fair Fund, created after Musk settled the SEC case in 2018 charging him with securities fraud for posting on August 7, 2018, that he had "funding secured" to potentially take Tesla private.
Global credit conditions to weaken next year: Moody's
Moody’s Ratings expects global credit conditions to weaken in 2027 as higher financing costs and elevated energy prices create pressure across sectors, even as major economies continue to grow. The agency said tariffs, regulation, export controls and strategic government investment will increasingly shape credit risks, trade and capital allocation. Higher refinancing costs are likely to weigh on highly leveraged borrowers and those facing near-term maturities, while banks and life insurers could benefit from higher rates.
PHD Chamber seeks capital gains tax rationalisation, doing away with BCD on feedstock
The PHD Chamber of Commerce and Industry has urged the government to abolish long-term capital gains tax on equity investments, cut short-term capital gains tax to 10% and reduce securities transaction tax (STT) rates in its pre-Budget recommendations for FY28.
- Go To Page 1
Israeli AI security startup Bay raises $50 million
Bay says it addresses a primary barrier to AI adoption by "allowing autonomous agents to perform business-critical work safely while enterprises retain control and accountability at scale".
Blackstone to invest Rs 5,000 crore in IIFL Finance for 16% stake as company raises Rs 6,414 crore
IIFL Finance will raise Rs 6,414 crore through a capital infusion led by Blackstone, which will invest Rs 5,000 crore for an approximately 16% stake. Co-promoters Nirmal Jain and R Venkataraman will contribute Rs 1,264 crore through warrants, while Anchorage Capital will invest Rs 150 crore.
Nvidia earnings next Tuesday, Congress on Wednesday: Jensen Huang faces the most consequential 48 hours of his career
Nvidia CEO Jensen Huang faces mounting scrutiny as the company prepares to report earnings on November 17 and Republican lawmakers seek a congressional briefing the following day. An independent board investigation into his relationship with Alice Huang, who is suspected of Chinese intelligence links, has added to questions about national security and chip sales.
IIFL Finance to raise Rs 6,414 crore through preferential issue; Blackstone to invest Rs 5,000 crore
IIFL Finance approved a Rs 6,414 crore capital raise led by Blackstone, which will invest Rs 5,000 crore for an approximately 16% stake. Promoters Nirmal Jain and R Venkataraman will collectively invest Rs 1,264 crore through warrants.
Blackstone to acquire 16% stake in IIFL Finance as NBFC announces Rs 6,414 crore capital raise led by global investor
IIFL Finance is preparing to secure Rs 6,414 crore through a major investment round. Blackstone is set to invest Rs 5,000 crore for a stake in the company. Nirmal Jain and R. Venkataraman will also contribute Rs 1,264 crore via warrants in the financing round. Additionally, Anchorage Capital will participate with a ₹150 crore investment. This transaction marks one of the largest private equity investments in India's NBFC sector.
Bajaj Finance issues 5.74 crore warrants to promoter for Rs 5,799 crore
Bajaj Finance has allotted 5.74 crore warrants to its promoter, Bajaj Finserv, for Rs 5,799 crore. The special committee of the board approved the issue at an issue price of Rs 1,010 per warrant. Each warrant is convertible into an equivalent number of equity shares of the company. A minimum of 25 percent of the consideration is payable at allotment, while the remaining 75 percent will be payable later.
EPFO’s November 19 meeting to be held in New Delhi: Can EPFO increase minimum EPS pension from Rs 1,000?
The Employees' Provident Fund Organisation is gearing up for its 240th Central Board of Trustees assembly, scheduled for November 19, 2026, in New Delhi. However, official confirmation from the government about these proposed changes is still pending, even as calls for enhanced pension benefits persist.
India's water management initiatives a model for developing nations: World Bank official
India's water management efforts, such as the Jal Jeevan Mission, are being recognized internationally for their effectiveness. The World Bank highlights India's initiatives, including river restoration and dam safety improvements. These programs aimed at increasing access to clean water are now models for other developing nations. The upcoming 2026 United Nations Water Conference will provide a platform for India to share these experiences.
ETMarkets Management Talk | Northern Arc sees D2C lending contributing over 75% of its loan book in the next few years
In this edition of ETMarkets Management Talk, Ashish Mehrotra, Managing Director and CEO of Northern Arc Capital, discusses the company's next phase of growth, its plans to expand the D2C business, and how a higher share of direct lending could support margins and return ratios. He also explains Northern Arc's broader strategy of combining a growing balance-sheet-led lending business with a capital-light, fee-based Credit Solutions platform to drive sustainable long-term returns.
Your Social Security check faces a 22% cut risk: The funding shortfall that could cost retirees $2,700 a year
Social Security’s 2032 warning: Millions of retirees could receive smaller monthly checks if the retirement trust fund runs out of reserves. Payroll taxes would still finance payments, but cover only 78% of scheduled benefits, according to trustees. Congress could prevent the reduction through legislation. Until then, workers may need additional retirement savings through 401(k) plans and IRAs.
NCLT approves Ashdan Properties' resolution plan for Sunblink Real Estate
The National Company Law Tribunal approved Ashdan Properties' resolution plan for Sunblink Real Estate, which involved significant creditor dues. Sunblink Real Estate's insolvency proceedings were initiated over a default related to financial obligations. The properties in question include sea-facing buildings in Mumbai's Worli area, acquired previously from entities linked to Iqbal Mirchi. The resolution plan allocates Rs 143 crore to the secured financial creditor Piramal Finance over several instalments.
You have an emergency fund and investments, but are you financially mature? CA explains 4 stages of money management
CA Nitin Kaushik explains four stages of financial maturity, from spending money to impress others and building financial security to investing for freedom and learning to enjoy accumulated wealth. He highlights why people who spend decades saving and investing often struggle to spend their own money without guilt, and why knowing how to use wealth is just as important as building it.
Sebi approves 6 IPOs including Mahanadi Coalfields, Veritas Finance and Sagar Defence. Check details
Sebi has granted approval for initial public offerings from six companies across various sectors. Companies like Mahanadi Coalfields and Sagar Defence Engineering are set to enter the stock market soon. The IPOs include both offers for sale and fresh issue components to raise significant funds. These approvals come amid increasing investor interest in diverse industries such as defence and pharmaceuticals.
Japanese households buy record 5-year government bonds as rate hike expectations peak
Japanese households have bought a record 8.19 trillion yen worth of retail government bonds this fiscal year, with five-year fixed-rate securities attracting the strongest demand. The shift suggests investors may believe bond yields are nearing their peak as the Bank of Japan moves towards further interest rate hikes.
Samvat 2083 stock picks: 10 ideas from India’s top brokerages for the next Diwali
Brokerages have identified 10 stocks across banking, defence, hospitality, quick commerce, consumption and manufacturing for Samvat 2083. Kotak Mahindra Bank, Bharat Electronics, Indian Hotels, Adani Ports and Eternal feature among their picks, backed by earnings visibility, strong balance sheets and structural growth opportunities. Their target prices suggest further upside potential.
Samvat 2083 outlook: 8 triggers that could turn Sensex, Nifty correction into a rally by next Diwali
Indian equities enter Samvat 2083 after a correction that has made valuations more attractive, but a sustained rally will depend on several triggers. Falling crude oil prices, easing inflation, an earnings recovery, FII buying, an India-US trade deal and continued domestic liquidity could shape the market's trajectory over the next year.
Social Security benefits cut: One move can prevent beneficiaries losing out 22 per cent, here are details
US lawmakers will need to ensure that Social Security benefits and the annual cost-of-living adjustment (CoLA) should not be curtailed.
Social Security benefits at risk in 2032: Will 35 new Senators prevent a 22% cut?
Social Security benefit cuts 2032: Social Security faces a potential 22% benefit cut in 2032 as its retirement trust fund is projected to run out of reserves. Thirty-five newly elected senators will have to confront the funding challenge, with proposals ranging from raising payroll tax limits on high earners to changing how retirement funds are invested.
Muhurat Trading 2026: Which stocks to buy during special session today? Analysts list top technical picks
Investors are preparing for the Muhurat Trading session today, which marks the beginning of Samvat 2083. Stock exchanges BSE and NSE will hold the session for an hour starting at 2.20 pm. Analysts from HDFC Securities and Axis Securities have identified several stocks as top picks for this trading period. Stocks like HCL Technologies and IIFL Finance have been highlighted for their potential upside.
TPG invests ₹525 crore in Kirloskar-backed Arka Fincap
The Rise Funds of TPG is planning a significant investment of ₹525 crore into Arka Fincap, backed by the Kirloskar Group. This investment has the potential to be increased to ₹800 crore based on specific performance indicators and regulatory green lights. The funds will support Arka's expansion into secured retail lending and revamp its technological infrastructure.
Social Security payroll tax cap rises to $192,300 in 2027: How much more will high earners pay from their paychecks, who will be affected, and what does it mean for your take-home pay?
Social Security taxes will take a bigger bite out of some high earners' paychecks in 2027. The taxable income limit is rising to $192,300 from $184,500, meaning another $7,800 of wages will be taxed. Workers earning above the new limit could pay up to $483.60 more next year. The increase comes as retirees are set to receive a 3.6% benefit boost.
Scrap, cut or tweak? Centre weighs options on LTCG, STT to stem foreign investor exodus
The Centre is weighing proposals to scrap or lower long-term capital gains tax and recalibrate securities transaction tax as it seeks to address foreign investor outflows. Market participants have favoured scrapping LTCG on equities and selectively raising STT on options, while regulators are understood to support removing LTCG to attract overseas capital.
Market wrap: Bajaj Finance, Shriram Finance, Apollo Hospital, ONGC top gainers and losers on Nifty and Sensex on Thursday
Indian equity markets staged a strong rally on Thursday, with the Sensex surging over 2,000 points and the Nifty jumping 576 points amid optimism following the US midterm election results. Bajaj Finance, Shriram Finance and M&M led the gainers, while Apollo Hospitals and ONGC featured among the top laggards.
Load More
