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BusinessSEBI has temporarily stopped Inox Clean Energy's ₹10,000 crore IPO due to regulatory scrutiny of transactions and valuations linked to promoter group companies. The regulator questioned deals worth ₹290 crore, sales of three companies, and various valuation reports. Inox Clean Energy plans to use the IPO proceeds to repay ₹6,000 crore in debt.
News18Hi Business·
German startups are experiencing a boom driven by optimism around artificial intelligence and challenges in the industrial sector. This combination is fueling innovation and new business ventures across Germany, reflecting a shift in the startup ecosystem influenced by technological advancements and economic conditions.
Reuters·
Qazi Touqeer's team has denied rumors about his exit from Bigg Boss 20, stating that the singer is still inside the house. They confirmed he has been dealing with a fever and remains under medical care while continuing to participate in the show. Reports of his eviction and dengue diagnosis have been dismissed by his team.
NDTV·
The International Olympic Committee (IOC) has announced the next steps for choosing the host country for the 2036 Olympic Games. Seven countries, including India, Qatar, and South Africa, have expressed interest in hosting. The IOC has scheduled presentations from bidders in November as part of the selection process. South Africa aims to host the first African Olympics if selected.
olympics.com·
Scientist Francis Halzen has been awarded the Nobel Prize in Physics for his discovery of neutrinos, the universe's most elusive particles. Halzen expressed surprise upon receiving the news over the phone. His work on high-energy neutrinos has opened new paths to understanding the mysteries of the cosmos.
Jagran·
The Reserve Bank of India (RBI) has started its three-day meeting, where it is expected to raise the repo rate by 0.25%. This increase will make borrowing more expensive, leading to higher loan EMIs. Despite the hike, home and auto loan rates may not rise immediately, as banks might maintain old rates through the festive season. The rate hike has also boosted Indian bank shares and the Nifty Private Bank index.
Dainik Bhaskar·
News18Hi Business·
SEBI has temporarily stopped Inox Clean Energy's ₹10,000 crore IPO due to regulatory scrutiny of transactions and valuations linked to promoter group companies. The regulator questioned deals worth ₹290 crore, sales of three companies, and various valuation reports. Inox Clean Energy plans to use the IPO proceeds to repay ₹6,000 crore in debt.
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