Jefferies anticipates robust growth for Indian PSUs, predicting up to a 70% upside in selected counters – Market News

Jefferies anticipates robust growth for Indian PSUs, predicting up to a 70% upside in selected counters – Market News

Global investment banking firm Jefferies sheds light on the remarkable turnaround of Indian Public Sector Undertakings (PSUs) over the past 12 months, marking a significant departure from a decade of underperformance prior to 2020. The PSU Index has surged, outperforming the Nifty by an impressive 70% in the last year, driven by notable earnings per …

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Ola Electric raises Rs 3,200 crore to fund EV biz

Ola Electric raises Rs 3,200 crore to fund EV biz

Ola Electric on Thursday said it has raised Rs 3,200 crore from Temasek-led investors and State Bank of India. The company announced the successful closure of the funding round from Temasek-led investors and State Bank of India. The funds raised would be utilised towards expansion of Ola’s EV business and setting up India’s first lithium-ion …

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