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Indian manufacturing firm Zetwerk Pvt is planning an initial public offering in Mumbai, aiming to raise at least $500 million. The company is working with several banks and could be valued at around $5 billion. Zetwerk aims to list this year and is backed by investors including Peak XV Partners and Lightspeed India Partners.
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Adani Energy Solutions secured transmission projects worth Rs 28,455 crore in the quarter ended December 31, 2024. This increased the company's under-construction project pipeline to Rs 54,700 crore. The company also reported a 3% year-on-year rise in total units sold for its distribution subsidiary AEML and significant progress in its smart metering business.
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News and Media
Network18 Media & Investments reports a widened consolidated loss of Rs 1,435 crore for Q3FY25, a significant increase from the previous year's Rs 59 crore. Revenue from operations also fell by 23% to Rs 1,361 crore. Viacom18's business has merged with Star India, forming a major broadcasting JV with Reliance Industries investing Rs 11,500 crores.
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News and Media
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