
Listed startups raise over $5-bn via public markets in FY25
'All of this unfolded with a backdrop of a cyclical economic slowdown in India in FY25, causing a lot of consumer-facing companies to battle margin compression and weak topline momentum, the report said. The fiscal year also saw a secondary exit of over Rs 20,000 crore as private equity/venture capital (PE/VCs) harvested early bets through block deals.'FY25 didn't just test India's startup listings, it matured them,' said Kashyap Chanchani, Managing Partner, The Rainmaker Group.
The public market has become the preferred playground for India's breakout companies. We've now seen the full arc - the IPO frenzy, the valuation winter, and now a clear re-rating driven by fundamentals, Chanchani said.
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The Hindu
6 minutes ago
- The Hindu
Central projects will create a ‘developed Tamil Nadu', says Narendra Modi
The Union government-funded infrastructure projects being implemented in Tamil Nadu on an outlay of over ₹3 lakh crore will help the Centre realise its dream of achieving 'Viksit Tamil Nadu', Prime Minister Narendra Modi said on Saturday. Inaugurating the new terminal building at the Thoothukudi airport, he said his government, which had promised a 'Viksit Bharat' (Developed India), was according the highest priority for infrastructure development. Hence, the port, rail and energy sectors were getting an unprecedented facelift nationwide, from Jammu and Kashmir to Tamil Nadu. Mr. Modi said the Centre had released over ₹3 lakh crore since 2014 for strengthening Tamil Nadu's infrastructure to make it 'Developed Tamil Nadu'. This was three times higher than the funding provided by the previous United Progressive Alliance government to the State. He further said the north cargo berth at VOC Port, Thoothukudi; six-lane VOC Port Road; and four-lane Sethiyathope-Chozhapuram Highway would significantly catalyse the trade opportunities and employment generation for the locals. In an apparent reply to Chief Minister M.K. Stalin's recent assertion that the Centre was refusing to allocate funds for Tamil Nadu, he said the thrust being given for infrastructure development in Tamil Nadu by the Centre in energy, road, rail, and port sectors would phenomenally expedite the State's growth while achieving the Centre's goal of 'Viksit Tamil Nadu'. He recalled that the National Democratic Alliance government had sanctioned 11 new medical colleges for Tamil Nadu, and the Centre was also developing harbours to improve their livelihood. Terming India's recent free trade agreement with the United Kingdom (U.K.) as 'historic', Mr. Modi said this agreement would open unprecedented export opportunities for Indian products. 'As more than 99% of the 'Make in India' products will be available in the U.K. at lower prices, the rise in demand will increase production in India and generate more employment in the micro and small industries here. It will enhance the world's faith in India, which will become the third largest economy in the world soon,' Mr. Modi said. He added that home-grown weapon systems, which were used in recent 'Operation Sindhoor', had destroyed the terrorists' hideouts and had given sleepless nights to the sponsors of terror. Governor R.N. Ravi, Union Minister of Civil Aviation Ram Mohan Naidu Kinjarapu, Union Minister of State for Information and Broadcasting L. Murugan, Tamil Nadu Ministers T.R.B. Rajaa, P. Geetha Jeevan, and Anita R. Radhakrishnan and MP Kanimozhi were among those present. State Finance Minister Thangam Thennerasu presented a memento to Mr. Modi on the occasion.


Time of India
17 minutes ago
- Time of India
Union govt to launch ‘one airport, one product'
Tuticorin: The ministry of civil aviation is planning to launch an initiative called 'one airport, one product' for cargo terminals to facilitate transportation of the best products from an area across the country and the world, civil aviation minister Ram Mohan Naidu Kinjarapu said in Tuticorin on Saturday evening. This draws inspiration from Prime Minister Narendra Modi's 'One District, One Product' initiative, the minister said at the inauguration of the new terminal building of Tuticorin airport. He said that like the Cholas, who built grand temples and harbours, today we are building world-class modern infrastructure under the visionary leadership of Prime Minister Narendra Modi. The budget for railways, roads, airports, ports, electricity, water, and gas pipelines increased by nearly 6% in the last 10 years. A remarkable phase of airport development in the country was operationalising one airport every 50 days in the last 10 years. No other country has done it, he said. The minister said the new terminal of Tuticorin airport blends tradition with modernity, showcasing Tamil Nadu's rich cultural heritage through its design and interiors. Built at Rs 452 crore, it will be the gateway for travel, trade, and tourism for the entire southern Tamil Nadu. If there were only 1,300 aircraft movements in the old terminal in 2014, it will now increase to almost 3,600. The building spans 17,341 square metre, which is 17 times bigger than the old terminal. The runway was extended from 1,300 metre to 3,100 metre, which is 2.5 times bigger. In the old terminal, only small flights were operated, but now, bigger flights could be operated, which could provide bigger opportunities and growth. He said the old terminal will be made a dedicated cargo terminal, unlocking new possibilities for farmers, fishermen, traders, and small industries from Tuticorin. "Right now, fisheries are transported all the way to Kochi and Bengaluru. With this dedicated cargo terminal, Tuticorin can become a seafood export hub," he said. Thovalai flower market in Kanyakumari district, which is just 70 km away, won't have to use Thiruvananthapuram airport to send flowers across the world anymoe. Banana and palm farmers can also utilise the new cargo terminal, he added.


Time of India
20 minutes ago
- Time of India
Tomato prices shoot due to short supply, spoilage
Mumbai/ Navi Mumbai: Tomato prices have been on the rise once again in the past three days, according to consumers and vendors across the Mumbai Metropolitan Region. Retail rates have escalated to Rs 60 per kg on average, up from Rs 40 earlier this week. Consumers point out that the festive season is near, and with rates of most vegetables high already, this will cause further strain on the household budget. On Saturday, tomatoes sold for Rs 60 per kilo in Pali Market Khar, Lokhandwala Complex Andheri, Mulund West, and the Kalyan municipal market. Rates rose to Rs 65 in Manpada (Thane) and Rs 50-70 in various parts of Navi Mumbai. Matunga, Powai, and Malad saw rates escalate to Rs 80 for the good quality tomatoes. But buyers in Evershine Market, Malad, were lucky to purchase for Rs 40. Online stores sold tomatoes for Rs 66 per kg. You Can Also Check: Mumbai AQI | Weather in Mumbai | Bank Holidays in Mumbai | Public Holidays in Mumbai Vendor Bheem Gupta of Malad said, "The current heavy spell of rains across Maharashtra, including Nashik, has caused tomatoes to spoil. We are now relying more on Bengaluru, which is no better since that region is also witnessing robust rainfall. On Saturday, the tomato stock we received was muddy. It had to be cleaned before display." At Gupta's store, good quality tomatoes were selling for Rs 80 while lesser grades were available for Rs 60-70. Small-sized tomatoes that find few takers sold for Rs 50. Weekly shoppers in the Kalyan wholesale market were able to compare the price difference. "On Saturday, I purchased tomatoes for Rs 60. Last week it was Rs 30. The wholesaler said prices will cross Rs 100/kg in the coming days," said a regular customer. Meanwhile, the APMC wholesale market in Vashi witnessed a sharp increase in tomato prices from Rs 30-35 per kg on Thursday to Rs 40-45 per kg on Saturday. Retail prices surged from Rs 40 to Rs 60 during the same period. APMC is receiving reduced supplies, with traders reporting substandard quality. The sorting process reveals increased damage to the produce, contributing to higher prices and the lesser supply. Wholesalers expect further price increases due to limited supply, poor quality and the upcoming festive season. APMC trader Balasaheb Badade explained that irregular rainfall in May and June affected growing regions during the sowing period, harming the harvest.