FUNDRAISING
Chinese robotics firm Unitree eyeing $7 billion IPO valuation, sources say
If successful, Unitree's IPO would be one of the biggest and highest profile onshore tech listings in years, and would come as Beijing steps up efforts to support its tech champions in tapping capital markets for their funding needs.
Shivalaya Construction files draft papers with Sebi; seeks to raise Rs 450 cr via fresh issue
Shivalaya Construction has filed preliminary papers with markets regulator Sebi for raising funds through an initial public offering to pare its debt.
Venture Catalysts raises Rs 150 crore in mix of primary, secondary transactions
Venture Catalysts has raised Rs 150 crore through a mix of primary and secondary shares, valuing it at $200 million. The funds will help expand teams, launch new funds, and develop AI tools. New investors include Ashish Kacholia, Shah Rukh Khan’s family office, and Aishwarya Rai.
General counsels step up as strategic leaders in India Inc
The role of general counsel in corporate India is evolving beyond traditional legal functions. Lawyers are increasingly taking on operational mandates, becoming business unit heads, COOs, and CEOs. This shift reflects a growing recognition of legal expertise as central to business strategy, driven by complex regulations and risk management needs.
ASML becomes Mistral AI's top shareholder after leading latest funding round
ASML is set to become the largest shareholder in French AI startup Mistral AI by investing €1.3 billion in its €1.7 billion fundraising round. This move aims to boost European tech independence, with Mistral valued at €10 billion, competing against US giants like OpenAI and Google.
Trump's aide Sergio Gor seen as bridge-builder in India-US ties
Donald Trump's pick of Sergio Gor, a close aide, as the next US ambassador to India could significantly impact the relationship amid existing challenges. Gor's direct access to Trump could help bridge divides created by others and facilitate open communication regarding India's concerns. His strong ties with the Trump family further solidify his potential to strengthen India-US ties.
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Khalistani terror groups raise funds in Canada: Local Govt report
In a significant acknowledgment, a Canadian Department of Finance report identifies Khalistani extremist groups operating within Canada and receiving financial backing. Echoing Indian concerns, the report highlights these groups, including Babbar Khalsa International and the International Sikh Youth Federation, as entities that promote violence for political objectives.
Khalistani groups receive financial support from Canada: Report
A Canadian report reveals funding for terror groups from Canada. Khalistani extremists are among those receiving financial support. Groups like Babbar Khalsa International are implicated. They exploit funding networks, including non-profits. Funds are raised from diaspora communities. CSIS acknowledges Canada as a base for extremist activities. These activities include promotion, fundraising, and planning violence in India.
L Catterton's India fund raises $200 million in first close
L Catterton's India-dedicated consumer fund, in partnership with Sanjiv Mehta, has achieved its first close at $200 million, aiming for a total of $400 million with a $200 million greenshoe. The fund will concentrate on providing growth capital to mid-market consumer companies, securing commitments from IFC and Kotak Private clients.
Amid health rumors, Donald Trump asks supporters for $15 to get him to heaven
Donald Trump has made an unusual appeal for donations. He connects the donations to his spiritual goal of entering heaven. Trump claims surviving an assassination attempt proves God wants him to 'Make America Great Again'. He urges supporters to donate $15 to his 'Never Surrender, Inc.' campaign. Trump previously expressed concern about his chances of getting into heaven.
Muthoot Finance raises $600 million in senior secured notes at 6.375%
Muthoot Finance, India's leading gold loan company, has successfully raised $600 million through senior secured notes at a 6.375% coupon rate, maturing in 2030. The board has approved the allotment under its $2-billion global medium term note programme. In related news, Muthoot Microfin has also received board approval for raising funds through both dollar-denominated and local bonds via private placement.
India’s VC AUM surges to Rs 4.9 lakh crore led by domestic capital and small funds: Fibonacci X
India's venture capital AUM has surged fivefold in a decade, reaching Rs 4.9 lakh crore, propelled by domestic funds and family offices. Funds below Rs400 crore are key drivers, though top VCs yield seven times higher returns. Domestic limited partners now constitute 39% of new funds, up from 20% two years prior, strengthening the local investor base.
NCDEX unlisted shares rocket 14% as Radhakishan Damani, Madhu Kela, Zerodha, Groww commit crores
NCDEX unlisted shares surged 14.5% to Rs 475 after raising Rs 770 crore from top investors, including Radhakishan Damani, Zerodha, and Groww, ahead of its 2026 equity segment launch. The funding supports expansion into cash equities and derivatives, leveraging its rural commodities network amid rising competition.
Indian shadow banks’ IPO boom falters on mounting credit stress
Initial Public Offerings of India's shadow banks face challenges. Several firms, including SK Finance and Belstar Microfinance, shelve their IPO plans. Investors are wary due to rising bad loans and economic uncertainty. Other lenders like Veritas Finance and Aye Finance delay their offerings. Concerns about unsecured loans and US tariffs add to the pressure.
Vietnam raises $3.8 mln in govt bond auction, lowest so far this year
Vietnam's State Treasury experienced a significant downturn in its weekly government bond auction, managing to raise a mere 100 billion dong ($3.8 million). This figure marks the lowest amount garnered this year, a sharp decline from the $16.5 million secured in the previous week. The demand also plummeted, with only 0.
AI titan Anthropic just raised $13 billion, now valued at a massive $183 billion
AI company Anthropic raised $13 billion and is now worth $183 billion, showing strong investor interest in AI. The startup’s revenue jumped fast in 2025 from $1 billion to over $5 billion. Anthropic plans to use the money for AI safety, global growth, and enterprise services, while also working with governments on AI strategy and defense.
Anthropic valued at $183 billion after $13 billion fundraise
Anthropic's run-rate revenue, which had grown to approximately $1 billion at the beginning of 2025, was more than $5 billion by August, according to a company blog.
Radhakishan Damani, Ramesh Damani, Madhu Kela, Zerodha, Groww line up to invest crores in NCDEX
NCDEX raised Rs 770 crore from star investors like Radhakishan Damani, Madhusudhan Kela, Sunil Singhania, Groww, and Zerodha after Sebi’s nod for equities. It plans to launch equity trading in 2026, competing with NSE and BSE.
Peak XV MD Harshjit Sethi resigns amid ongoing top-level exodus
Harshjit Sethi, managing director at Peak XV Partners, has resigned, marking another senior exit from the venture capital firm. Sethi, who led AI investments and backed firms like Sarvam and BharatPe, will serve a gardening leave. His departure follows exits by Shailesh Lakhani and Abheek Anand amid the firm’s latest fundraise.
India bond yields seen little changed ahead of heavy state debt supply
Indian government bond yields are likely to remain stable. The 10-year benchmark bond yield will hover around 6.60%. Traders are preparing for a large bond supply from state governments. States aim to raise 316.50 billion rupees through bond sales. This comes amid investor concerns about fiscal policy. The GST council will meet soon.
India's top lender SBI to tap dollar debt days after nation's rating upgrade
State Bank of India (SBI) is planning to raise at least $500 million through dollar-denominated bonds with a five-year maturity, potentially reaching $1 billion based on demand. This move follows S&P Global Ratings' upgrade of India's sovereign credit rating. The bonds are expected to receive strong demand, potentially leading to a cutoff below the initial guidance of U.S.
NHPC shares jump 2% after board clears Rs 10,000 crore borrowing plan
NHPC shares: The company said its board has cleared a fundraising plan for FY26, to be executed in multiple tranches via bonds, term loans, or external commercial borrowings. NHPC noted that the funds will support both ongoing and upcoming projects.
RBL Bank board approves Rs 6,500 crore fundraise via QIP, debt issue
RBL Bank’s board approved raising ₹6,500 crore through equity and debt securities, including a ₹3,500 crore QIP. The stock surged 4.4% after the announcement, supported by strong six-month rally and fresh bulk deals.
Oil India unit plans $565 million debut bond issue, bankers say
A unit of Oil India is likely to raise around 50 billion rupees ($565 million) through the sale of short-term bonds next month, two merchant bankers said on Friday.
India Inc doubles up on borrowing overseas after sovereign upgrade
Following India's sovereign rating upgrade by S&P, domestic firms like Credila and Muthoot Finance are actively pursuing offshore fundraising, aiming for over $2 billion. This move is expected to lower borrowing costs, though tax cuts and US tariffs introduce some risks. Market anticipates potential Fed rate cut may further influence fundraising strategies.
Apple iOS 26 text filter could disrupt GOP midterms fundraising: why are Republicans sounding the alarm?
Apple’s iOS 26 brings a new text message filter that automatically hides unknown senders, a change that could reshape U.S. political campaigns. With fundraising and voter outreach often relying on mass-texting, Republicans warn this update may cost millions in lost donations. Here’s how the update works, why it matters, and what strategies campaigns must adopt.
An upcoming iPhone update has raised alarm among Republican fundraisers in the US. Here's why
Republican fundraisers are worried about Apple's upcoming iPhone update, fearing it could hinder voter outreach and fundraising efforts. The new filtration system, expected in September, might disproportionately affect Republican campaigns that heavily rely on text-based communication. Concerns are rising that crucial GOTV messages and fundraising texts will go unnoticed, potentially costing the GOP millions.
India’s NSE enters global top 10 exchanges ranking for the first time
The National Stock Exchange of India (NSE) has entered the global top 10 list of exchanges for the first time, securing the ninth spot in Brand Finance’s latest “Exchanges 10 2025” report.
Government stake in Bank of Maharashtra to come down to 75% post share sale: MD
Bank of Maharashtra aims to meet the 25% minimum public shareholding. Another share sale will help the bank lower government stake. The finance ministry has asked five public-sector banks to increase public shareholding by August 1, 2026. BoM raised Rupees 3,500 crore through a QIP in October. The bank is evaluating fundraising options.
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