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SBI plans equity fundraising via FPO rights issue or QIP by FY26 end
India’s largest public sector lender, State Bank of India (SBI), has announced plans to consider raising capital through equity instruments during the financial year ending March 2026. This includes the possibility of tapping into the markets via a Follow-on Public Offer (FPO), Rights Issue, o...
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Global News

Massive restaurant fire in China’s Liaoyang kills 22 and injures 3 people
In a tragic incident that highlights ongoing safety lapses in China's infrastructure, a devastating fire broke out in a restaurant in Liaoyang city, located in northeastern China’s Liaoning province. Twenty-two people lost their lives, and three others sustained injuries in the blaze, whic...
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Economy News

ALTÉRRA Commits $100 Million to Indian Renewable Energy Platform Evren
In a significant move that strengthens India’s renewable energy transition, Abu Dhabi-based climate investment vehicle ALTÉRRA has made its first direct investment in India. The investment totals $100 million and is aimed at supporting Evren, an Indian renewable energy platform. The com...
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IPO News

Travel Food Services gets SEBI approval for Rs 2000 crore IPO via offer for sale
In a significant development in the capital markets, Travel Food Services (TFS), India's largest airport-based quick service restaurant (QSR) operator, has received a green signal from the Securities and Exchange Board of India (SEBI) to proceed with its initial public offering (IPO). The issue,...
Team Finance Saathi 29/Apr/2025
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Politics News

Jagmeet Singh Loses Seat, Quits NDP Chief Post as Liberals Win Canada Polls
Pro-Khalistan leader Jagmeet Singh, who has led Canada's New Democratic Party (NDP) since 2017, announced his resignation on Tuesday after suffering a defeat in the 2025 Canadian federal elections. Contesting from the Burnaby Central seat in British Columbia, Singh was unseated by a Liberal Part...
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Other News

Karnataka Congress Minister Accuses PM Modi of Using Pahalgam Attack for Bihar Elections
On Tuesday, Karnataka Congress minister Dinesh Gundu Rao sparked a fresh political controversy with his comments accusing Prime Minister Narendra Modi of using the recent terror attack in Pahalgam, Jammu and Kashmir for electoral gains, particularly in the upcoming Bihar elections. This remark came ...
Team Finance Saathi 29/Apr/2025
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