Rediff Money Desk, based in New Delhi, has recently announced a wave of upcoming IPOs in the business world. These include Waaree Energies, MobiKwik, Premier Energies, Garuda Construction, Kross, Tolins Tyres, Hyundai Motor India, and Baazar Style Retail. With raising amounts ranging from Rs 69 crore to a whopping Rs 27,870 crore, these IPOs are expected to bring major changes and advancements in their respective industries. Stay tuned for potential investment opportunities and witness the growing impact of these companies in the global market.
Waaree Energies' Initial Public Offering: Ushering in a New Era of Solar Energy
Background
Waaree Energies is a leading Indian solar energy company with a strong track record of innovation and sustainability. The company's initial public offering (IPO) in February 2023 marked a significant milestone in its journey, raising over Rs 1,300 crore (approximately $170 million).
Impact of the IPO
The successful IPO is expected to provide Waaree with the necessary capital to expand its operations, enhance its research and development capabilities, and strengthen its leadership position in the solar energy sector. The funds raised will be utilized to:
Top 5FAQs
1. Why did Waaree Energies go public?
To raise capital for expansion, enhance research and development, and strengthen its competitive position.
2. What is the size of the IPO?
Waaree Energies raised over Rs 1,300 crore in its IPO.
3. How did investors respond to the IPO?
The IPO was oversubscribed by over 7 times, indicating strong investor confidence in Waaree's growth potential.
4. What is the company's future outlook?
Waaree Energies is well-positioned to benefit from the growing demand for solar energy and is committed to driving innovation and sustainability in the industry.
5. What is the potential impact of the IPO on the solar energy sector?
The IPO is expected to further boost the development and adoption of solar energy in India and contribute to the country's clean energy goals.
Conclusion
Waaree Energies' successful IPO is a testament to the company's strong fundamentals and the growing significance of solar energy in India. The funds raised will enable Waaree to accelerate its growth trajectory, expand its reach, and play a pivotal role in shaping the future of sustainable energy.
Mahindra, one of the leading players in the EV market, has added another feather to its cap with the launch of the XEV 9e at an affordable price of Rs 21.9 Lakh Ex-Showroom. With a range of 542 km on a single charge and a powerful engine delivering 228 bhp and 380 Nm of torque, the XEV 9e is a well-balanced and premium offering that is sure to impress both EV enthusiasts and regular car buyers alike. To get a taste of the driving experience, check out the video below.
The electric SUV market in India is growing with the launch of new models from Tata, Mahindra, and Hyundai. This article provides a comparison of the variants and prices of the Mahindra BE6, XEV 9e, and Tata Curvv, to help customers make an informed decision in their budget. Test drives of the vehicles will be available in a staggered manner, starting with metropolitan cities and expanding to other cities in phases.
After creating a buzz on social media, Mahindra has now announced the prices for their top models BE 6 and XEV 9e. Priced at Rs 18.9 and Rs 26.9 lakh respectively, both models can be pre-booked from February 14, 2025. Interested customers can also test drive them starting from January 14 in select cities. The BE 6 offers an impressive range and fast charging capabilities, making it a promising offering from Mahindra.
The University Grants Commission is seeking suggestions and comments from stakeholders on its proposed draft regulations for the appointment and promotion of teachers and academic staff in universities and colleges. The regulations aim to update and harmonize guidelines for academic positions across all higher education institutions in India, and will introduce new methodologies for recruitment and promotion processes. Stakeholders are urged to review the draft and contribute to the shaping of the future of academic staffing in the country.
The Indian Health Ministry is taking action as the number of HMPV cases rises to five, with two patients in Tamil Nadu and none so far in Maharashtra. The 2019 outbreak began with two infants in Bengaluru but only one remains hospitalized. The respiratory illness has flu-like symptoms such as common cold, sore throat, and fever and the ministry has directed state health officials to monitor any SARI or ILI cases. Haryana's health minister has issued an advisory for civil surgeons in regards to respiratory diseases including HMPV.
The stock market saw a sharp decline on Tuesday, with the S&P 500 and Nasdaq Composite falling 0.9% and 1.6%, respectively. This was fueled by a rise in the yield of 10-year Treasurys, indicating concerns about the future of interest rates. The release of strong economic data, including better-than-expected job openings in November, also raised questions about the Fed's decision-making on rates. The tech sector was hit hard, with AI chipmaker Nvidia's stock dropping 5% after hitting an all-time high earlier in the day.
In an interesting turn of events, users of X (formerly Twitter) discovered a "X Score" feature that was touted to provide an insight into their social credit standing on the platform. However, most users were shocked when the AI assistant gave them a paltry 38 out of 100. This led to speculations of a possible algorithm tweak by X's owner Elon Musk, but later it was revealed that this was not an official feature and no changes had been made to the algorithm. So, if you're wondering why your views are going down, Musk has a simple answer for you.
Nazibur Rahman, former principal secretary to the Prime Minister's Office and National Board of Revenue chairman, has been sent to jail after his three-day remand in connection with the 2022 killing of a BNP activist. Police have implicated Rahman in the case after arresting him in October 2025. The incident began when BNP leaders and activists gathered in the capital as part of their party program. On December 7, 2022, police and AL men entered the BNP office and opened fire, injuring the activist. A case has been filed against 256 people, including Prime Minister Sheikh Hasina, for their involvement in the incident.
In a major shift, Facebook, Instagram, and Threads will no longer use fact-checkers to moderate content, instead relying on community notes similar to X. The move is intended to promote free speech and reduce mistakes in content moderation. Additionally, the company will be moving its trust and safety teams responsible for content policies and moderation from California to Texas and scrapping restrictions on topics like immigration and gender identity. However, there is a trade-off as the company admits it will catch less bad content but also reduce the number of innocent posts and accounts that are accidentally removed.
According to Sky Sports journalist Manuele Baiocchini, AC Milan is considering a potential loan deal for Manchester United star Marcus Rashford. Milan sees him as a potential reserve for Rafael Leão and a backup option for Álvaro Morata and Tammy Abraham. However, Rashford's high salary of €14 million per year is a major obstacle for Italian clubs. Talks have yet to take place, but Milan is open to discussing the deal if United helps cover the salary.