The used-car platform has closed a Rs 2,250 crore Series G round led by Alpha Wave Capital alongside Rs 750 crore in debt. It has aggressive expansion plans for 2022.
The round values Cars24 at $1.84 billion, almost doubling from the end of last year. It’s starting conversations about an IPO and aims to go public in 18 to 24 months.
India is a market for low-priced cars with low running costs, and global majors don’t have the models to match Maruti and Hyundai’s entry-level vehicles.
The bench was hearing a PIL challenging a govt notification amending the Unified Development Control and Promotion Regulations Rules, permitting developers to reduce parking space.
While use of ethanol has many advantages for India, diverting sugar for its production may be the biggest change for the global sugar industry and could drive a bull market.
Finance ministry says the proposed revamp will focus on structural reforms, rate rationalisation & ease of living, & will be deliberated upon in the coming weeks.
The project is meant to be a ‘protective shield that will keep expanding’, the PM said. It is on the lines of the ‘Golden Dome’ announced by Trump, it is learnt.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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