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Category : Business and economics
Published on: August 16 2025
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Vikram Solar Ltd. is set to launch an Initial Public Offering (IPO) worth ₹2,000 crore, opening for subscription on August 19. The offering includes a fresh issue of equity shares amounting to ₹1,500 crore and an offer for sale of up to 1,74,50,882 shares by the promoter and promoter group. The price band has been fixed between ₹315 and ₹332 per share, each having a face value of ₹10. From the fresh issue proceeds, around ₹770 crore will be allocated towards partial funding of capital expenditure for Phase-I of the project through investment in its wholly owned subsidiary, VSL Green Power Pvt. Ltd., while approximately ₹595 crore will go towards Phase-II. The remaining funds will be used for general corporate purposes. Addressing concerns over the potential impact of U.S. tariffs, CMD Gyanesh Chaudhary confirmed that the company exports nothing to the U.S., thus facing no direct effect.
DPIIT signed an MoU with Pfizer to boost healthcare innovation in India.
Read More....IIT Madras, IISc Bengaluru, and IIM Ahmedabad retained top positions in NIRF 2025.
Read More....The British Museum in London has agreed to lend the revered 16th-century Vrindavani Vastra, a sacred silk textile woven under the guidance of Assamese saint-reformer Srimanta Sankardeva for public exhibition in Assam in 2027.
Read More....The World Health Organization (WHO) has released its reports “World Mental Health Report,” “World Mental Health Today,” and “Mental Health Atlas 2024,” raising serious concern over a deepening global mental health crisis.
Read More....India celebrated Teacher’s Day on September 5 to honor Dr. Sarvepalli Radhakrishnan.
Read More....DPIIT and ICICI Bank signed an MoU to support startups and innovators.
Read More....Indian-American Amit Kshatriya appointed as NASA’s Associate Administrator.
Read More....Author Amish Tripathi launched his novel The Chola Tigers: The Avengers of Somnath.
Read More....Veteran leg-spinner Amit Mishra announced retirement from all forms of cricket.
Read More....IAS officer Piyush Goyal assumed charge as Secretary of the Ministry of Mines.
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