Don’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp. click here!
India’s largest electric two-wheeler company Ola Electric Mobility is planning to raise a fresh round of $250-300 million in growth equity to expand two-wheeler operations and fund its planned battery facility, said people with knowledge of the matter.
Punjab National Bank (PNB), Indian Overseas Bank (IOB) and DCB Bank may have to negotiate higher funding costs as these lenders seek to sell bonds amid a global turmoil caused by the Swiss regulator’s write-down of nearly $17 billion of Additional Tier 1 (AT-1) instruments in the Credit Suisse bailout.
Indian equities rose on Tuesday, tracking the overnight rebound in the US markets, on hopes that the banking crisis might be eased for now following Credit Suisse’s acquisition by UBS. The decline in crude oil prices also alleviated some worries. Investors are now awaiting the outcome of the US Federal Reserve’s monetary policy meeting on Wednesday.
ETPrime stories of the day
Snowman wants to own India’s food supply-chain. Is the timing right?
Gold dazzles amid volatility. Will the rally hold or the metal trip on a classic ‘triple top’?
3 insights to kick-start your day, featuring jobs cut mayhem at Amazon.
Trending Now
Popular Categories
Hot on Web
In Case you missed it
Top Calculators
Top Searched Companies
Top Definitions
Top Commodities
Top Prime Articles
Top Story Listing
Top Slideshow
Top Trending Topics
Top Videos
Private Companies
Popular Articles
Most Searched Articles
Follow us on:
Find this comment offensive?
Choose your reason below and click on the Report button. This will alert our moderators to take action
Reason for reporting:
Your Reason has been Reported to the admin.
Log In/Connect with:
Will be displayed
Will not be displayed
Will be displayed
Stories you might be interested in