SpaceX is looking to raise as much as $50 billion in the offering at a valuation of about $1.5 trillion, the FT reported, which would make it the largest IPO in history.
More than 200 companies either received approval to list from the securities regulator or lodged prospectuses for IPOs this year — the highest tally in 27 years.
Investors placed bids for 221 crore shares against the 27.79 crore shares on offer as Meesho joins a long list of series of tech IPOs capitalising on a thriving primary market.
ED claims to have busted racket of illegal diversion of public funds after the tech firm raised Rs 36.6 cr in IPO in 2022. Probe stems from FIRs against promoter Harshavardhan Sabale.
Analysts say the worry is that mutual funds — whose inflows are dominated by household money — may be paying steep valuations for startups yet to establish profitability.
The collusion between the new class of bureaucrats, politicians, businessmen and trade union bosses perpetuates itself partly because of the short-run benefits and partly because they see no way out of the system, wrote author MH Mody in 1980.
IAF is firming up plans to revamp airlift capabilities with medium transport aircraft that will be assembled in India & serve as its main workhorse. Embraer is leading contender as of now.
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