A finance ministry official raised concerns about the impact of futures and options trading volumes on capital market growth and household savings. The discussion included financial sector development, Nirmala Sitharaman's caution, and various financial indicators like investments in physical assets, bank advances, and mutual funds. View More

Focusing on health of youth cohort as important as getting them AI-ready View More

The financial sector has a responsibility to ensure that capital market grows in those areas where we can actually harness Indian household savings for productive purposes View More

Next generation of capital market reforms must focus on debt market development and instruments needed for its growth View More

3 star inverter ACs provide energy-efficient cooling without compromising on performance, offering a balance between cost and environmental impact. View More

? GP Eco Solutions India Limited (GPES) is planning to raise as much as Rs 35 crore through an Initial Public Offering (IPO) which is expected to hit the markers by month-end, its CEO Deepak Pandey said on Thursday. View More

GP Eco Solutions India Limited (GPES) is planning to raise as much as Rs 35 crore through an Initial Public Offering ( IPO ) which is expected to hit the markers by month-end, its CEO Deepak Pandey said on Thursday. The proceeds will be utilised to fuel the company's expansion plans and support working capital requirements, he said in a media interaction here. The proposed IPO will comprise a fresh issuance of 32.76 lakh equity shares with a face value of Rs 10 each. Through the issue, the promoters will dilute about 25 per cent stake in the company. "GPES intends to raise Rs 30-35 crore, subject to necessary approvals. Rs 12.45 crore will be allocated for working capital and expansion, and Rs 7.6 crore will be invested in our subsidiary Invergy India for a new solar inverter assembly facility in Noida , and the remaining fund will go towards general corporate purposes," Pandey, who is also the MD of the company, said. When asked about the timeline, he said the IPO is expected to be launched by the end of this month. Explaing the reasons for going public, the CEO said the company will gain access to the resources necessary to drive innovation and make a significant contribution to India's sustainable future. Corporate Capital Ventures Private Ltd is the Book running lead manager for the issue. Noida-based GPES Solar is an EPC player in the solar energy domain. The company had reported a revenue of Rs 78.40 crore and Profit After Tax (PAT) of Rs 4.73 crore during April-December period of FY24. (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)
Bhandari explained that green hydrogen and chemicals will primarily be areas of significant investment, with significant revenue expected to commence towards the end of a two-to three-year horizon. Green hydrogen can power clean transportation, and is used to manufacture chemicals and fertilizers. View More

Stock Market Today: Thermax share price has gained 94 in a year with improved earnings prospects. As the same was evident from Q4 performance reported recently, Jefferies expects more gains of more than 16% gains for the stock. Here are 2 key reasons View More

Top-ranked pickleball player Ben Johns says he'll make $2.5 million in salary alone this year, following a private equity-funded merger of the PPA Tour and MLP. View More

During Ben Johns' first year as a professional pickleball player, he could barely support himself financially.Now, he's making $2.5 million in pickleball salary alone this year, he tells CNBC Make It — plus more in endorsement deals and sponsorship contracts.Johns, 25, is currently the Professional Pickleball Association Tour's No. 1 ranked player in men's doubles and the top-ranked male player in mixed doubles. He's held those rankings for most of the last three years, winning more than 120 PPA titles and 21 triple crowns — first place in singles, doubles and mixed at the same event — more than any other male player in pickleball history.Over those three years, his payouts have grown significantly as America's fastest-growing sport attracted sizable private equity investments, wealthy team owners, bigger sponsors and media deals that infused capital into the game. In 2021, Johns made $250,000, he told CNBC at the time — which would mean his salary has increased tenfold since then.In 2018, he only earned about $50,000 from pickleball, he adds. Those earnings came almost exclusively from prize winnings at national tournaments, rather than an annual salary."We haven't reached the top," Johns says, adding: "I think there's still an upward trend." The rise of professional pickleball In February, two of the world's largest professional pickleball leagues — the PPA Tour and Major League Pickleball — merged into one organization under a holding company called the Unified Pickleball Association.The merger was backed by a $75 million investment from private equity firm SC Holdings and a series of pickleball team owners, according to the deal's announcement. Annual player payouts would increase by nearly 250% this year, compared to 2023, it noted.In April, the UPA announced it'll hold future events in India, the world's most-populated country — a marker of planned international expansion and global ambition. With more exposure, player payouts could become more heavily funded by sponsorships and media deals.Johns, who started playing pickleball at age 17, has a lifetime sponsorship contract with Joola Pickleball, and other deals with Jigsaw Health, Pickleball Galaxy and Life Time fitness. It's unclear how much money he makes from those arrangements. How Johns is using his money Johns says he's an avid investor — portioning some of his money into the stock market, startup investments and cryptocurrency."I love venture capital and investing and all the money management stuff," he says, adding: "So it's basically all, me talking to as many people as I can that are in the space and getting advice from there."His portfolio, which features a mix of stocks and equity in private companies, currently includes both pickleball-related ventures and an artificial intelligence company, he says. His interest in cryptocurrency goes back at least three years: He chose to receive a portion of his prize money in Ethereum in 2021.Pickleball has given Johns opportunities to play with and against a variety of celebrities and CEOs, he says. Three big names remain on his "dream" list: Tesla CEO Elon Musk, tennis star Novak Djokovic and comedian Kevin Hart.Johns currently drives a Tesla with a bright orange wrap, and says playing with Musk would be his ultimate dream."I don't really have idols or anything, but he is the only person I'm a huge fan of," Johns says.Want to make extra money outside of your day job? Sign up for CNBC's new online course How to Earn Passive Income Online to learn about common passive income streams, tips to get started and real-life success stories. CNBC Make It readers can use special discount code CNBC40 to get 40% off through 8/15/24.Plus, sign up for CNBC Make It's newsletter to get tips and tricks for success at work, with money and in life. VIDEO8:1008:1025-year-old earns $11K/month while training for the Olympic trialsMillennial Money
Thermax Q4 Results Live : Revenue increased by 19.6% YoY & profit increased by 22.01% YoY View More




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