New Delhi Television is the second one from Adani Group to be moved to short-term additional surveillance by stock exchanges, with effect from Tuesday. Last week, Adani Enterprises was moved under short-term additional surveillance. The move by the bourses comes after the recent rally in the stock price. Since May 22, the stock has gained nearly 28%.
Open FlipLaundryMate, an online laundry services startup, has raised Rs 50 crore ($6.2 million) in its pre-series A round from Blume Founders Fund, along with participation from several high network individuals (HNIs) and CXOs, like Ankit Bhati (co-founder, Ola) and others. The fundraiser comes despite the fact that the laundry services market has been a difficult one to operate in historically.
Open FlipReliance-backed electric vehicle (EV) manufacturer Altigreen Propulsion reportedly plans to raise funding of $85 Mn at a valuation of $350 Mn. The three-wheeler cargo EV maker plans to use the funds to shore up its production capacity and invest in new models, Bloomberg reported. However, the talks are still in the early stages and the contours of the deal could change depending on deliberations.
Open Flip