Askme plans $100-mn global expansion; to hire 500

Last Updated: Sunday, June 28, 2015, 12:37

Online firm Askme is looking to make an initial investment of USD 100 million to fund its domestic and overseas expansion plans and increase its headcount to around 2,500 people over the next 12 months.

Indigo likely to file papers for Rs 2,500-cr IPO next week

Last Updated: Friday, June 26, 2015, 23:35

Leading airline IndiGo is likely to soon approach market regulator Sebi with its IPO plan to raise an estimated Rs 2,500 crore.

Bajaj Corp plans to raise Rs 1,000 cr through QIP

Last Updated: Wednesday, June 24, 2015, 20:40

FMCG firm Bajaj Corp is seeking shareholders' nod to raise Rs 1,000 crore by issuing equity shares to institutional buyers through QIP.

Sebi to soon come out with crowd-funding norms

Last Updated: Wednesday, June 24, 2015, 18:07

Capital market regulator Sebi is expected to come out soon with crowd-funding norms to help young entrepreneurs and small groups of people raise funds.

Startup EduKart raises $1 million

Last Updated: Tuesday, June 23, 2015, 15:19

Education marketplace EduKart today said it has raised USD 1 million (Rs 6.4 crore) from Holostik Group's United Finsec (family office arm), cricketer Yuvraj Singh's YouWeCan Ventures and early stage fund, 500 Startups.

Lupin gets Board's nod to raise funds up to Rs 7,500 crore

Last Updated: Tuesday, June 23, 2015, 10:56

Drug major Lupin on Tuesday said its Board of Directors have given in-principle approval for raising funds of up to Rs 7,500 crore.

DLF seeks approval to raise Rs 5,000 crore via NCDs

Last Updated: Monday, June 22, 2015, 20:47

Country's largest real estate firm DLF has proposed to raise up to Rs 5,000 crore via non-convertible debentures, including other debt securities, on private placement basis.

City Union Bank to raise Rs 500 cr from QIP

Last Updated: Monday, June 22, 2015, 19:31

Private sector City Union Bank on Monday said it proposes to raise Rs 500 crore through Qualified Institutions Placement (QIP) to fund its business growth.

Syngene gets nod to raise foreign investment to 44%

Last Updated: Monday, June 22, 2015, 15:27

Syngene, a subsidiary of Biocon, on Monday said it has received the Foreign Investment Promotion Board (FIPB) approval for raising foreign investment in the company to 44 percent from the earlier approved 10 percent.

Sebi restricts Polaris Realtors from raising funds from public

Last Updated: Monday, June 15, 2015, 18:58

Sebi found that the company raised Rs 10.29 lakh from 423 people through issuance of Non-Convertible Redeemable Secured Debentures (NCDs) during 2012-13.

Companies raise record Rs 4.32 lakh cr via debt placement in FY'15

Last Updated: Monday, June 15, 2015, 14:00

Financial services sector continued to dominate the market, collectively raising Rs 3.2 lakh crore or 74 percent of the total amount. This was followed by power segment with an fund mop-up of Rs 35,312 crore.

Sebi Board may finalise detailed e-IPO norms this month

Last Updated: Sunday, June 14, 2015, 15:07

Under the new norms, investors may also get SMS/e-mail alert for allotment under the IPO, similar to alerts being sent to investors for secondary market transactions.