Ola Electric Kicks Off $250-300 million in Fundraise Plan India's largest electric two-wheeler company Ola Electric Mobility is planning to raise $250-300 million in growth equity in order to expand two-wheeler operations and fund its planned battery facility, according to people with knowledge of the matter.
Bond sales: PNB, IOB DCB Bank may face higher funding costs if Punjab National Bank PNB and DCB Bank sell bonds amid a global turmoil caused by the Swiss regulator's write-down of nearly $17 billion of additional Tier 1 AT- 1 instruments in the Credit Suisse bailout.
Credit Suisse Deal Soothes Investors bought Indian equities on Tuesday as they followed the overnight rebound in the US markets, on hopes that the banking crisis could be averted for now after Credit Suisse's acquisition by UBS. There were concerns about the decline in crude oil prices. The investors are waiting for the outcome of the US Federal Reserve monetary policy meeting on Wednesday.