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Firefighters continue to battle wildfires around Los Angeles that have destroyed thousands of homes, killed 16 people, and left 16 missing. With strong winds and severe fire conditions expected this week, evacuation orders remain for 1,50,000 people. The fires have caused estimated damages of up to USD 150 billion.
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Ather IPO: The EV maker expects a spurt of 80% in value from previous funding. Zerodha cofounder Nikhil Kamath, an investor in the company, is set for 150% gains on his stake. Ather is expected to file its updated draft red herring prospectus (DRHP) later this month or the first week of February.
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Tata Group's non-banking arm Tata Capital ($300 million), Prem Watsa-backed IIFL Finance ($300 million) and Anil Agarwal's Vedanta Resources ($500 million) are ready to hit the market, as they seek to stay away from the market in the initial weeks of the Trump presidency, these people said. The first issue is likely to happen as early as Monday.
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News and Media
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