Mumbai: Only about a quarter of the equity raised through IPOs is set aside for capital expenditure, while most of the funds are used to repay debt, invest in subsidiaries and reduce working capital borrowings, according to a research paper written by Madan Sabnavis, chief economist of Bank of Baroda (BoB). The study, which analyzed […]
Mumbai: Shapoorji Pallonji Group (SP Group) is in talks with investors to raise ₹25,000 crore through new two-year, unlisted and unrated non-convertible bonds, with pricing discussions now focusing on an internal rate of return (IRR) of 14-15%. The discussions come at a time when the group is considering a number of options to monetize its […]
ET Intelligence Group: Foreign portfolio investors (FPIs) continued to show greater interest in the domestic primary market compared to the secondary market for the fifth month in a row in November, amid a continued flurry of IPOs. They invested a net $1.3 billion (₹11,894.7 crore) in the primary market, their highest investment in four months. […]
Fort Wayne, IN – The Toledo Walleye fell 5-1 to the Fort Wayne Komets tonight at Memorial Coliseum. Conlan Keenan scored Toledo’s lone goal and Will Hillman had the assist on the goal. How it happened: Toledo took the first penalty of the game (1:51) into the game, as Chad Hillebrand was called for interference. […]
A group of US senators have called for a legal review of President Donald Trump’s attacks on alleged cartel boats in the Caribbean Sea and the Eastern Pacific Ocean. The renewed concerns arose after the WashingtonPost reported Friday that Secretary of War Pete Hegseth had issued an order to kill survivors from one of the […]
Pinterest has shared some new data key user trends in the post-Christmas periodor ‘Q5’ as it has become known in marketing circles. With most people taking a moment to relax and the post-Christmas sales taking center stage, it could be a great time to end your year, and Pinterest says there’s a lot of activity […]
X is working to further integrate its Grok AI tools into the app, with the platform now using AI sort your “Next” feed based on “predicted engagement and relevance to you,” so you no longer see your “Follow” or “For You” feed in chronological order when you log in. This has not gone down well […]
1 File: (7-0) This week: defeated Eastern Illinois 109-62 Purdue made the most of their lone outing during the holiday week with a win vs. Eastern Illinois. Daniel Jacobsen had 24 points and nine rebounds in the win and Braden Smith, second in the NCAA in assists, finished with 10 dimes in 23 minutes of […]
Olympic legend Ian Thorpe has scored a big win that has paid off far more than expected. The sold sticker is on Olympic swimming legend Ian Thorpe’s Edgecliff apartment and is well above the $2.8 million price guide. The stylish three-bedroom apartment in the Harry Seidler-designed Arlington block in Edgecliff Rd was due to go […]
4 “We should have a right-footed Amad to put on the other side.” That was Ruben Amorim’s assessment of his Manchester United squad after the dismal 0-1 defeat to 10-man Everton on Monday evening, as he lamented the left full-back’s lack of attacking threat. But in reality it is a criticism that has existed ever […]