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India’s solar capacity has boomed in the past decade. Now, the way ahead lies upstream: capital-heavy steps to boost cells, wafers and storage. View More
Under the PMSG: MBY, the pan-India installed residential rooftop capacity stands at 17,561 MW, covering 59,47,035 households as of September 2026 View More
Uttar Pradesh, Maharashtra, Rajasthan and Kerala drove Tata Power’s rooftop solar growth, with strong additions across residential and C&I markets. View More
The programme provides 100% capital-cost support and aims to reduce conventional electricity use, cut power expenditure and increase renewable energy View More
Four SME IPOs, including Bench Mark Infotech Services, Himalayan Solar, Dudani Retail, and Sai Urja Indo Ventures, will list on the BSE and NSE SME platforms today after collectively raising Rs 146 crore. Bench Mark Infotech Services saw the highest demand, achieving over 100 times total subscription. View More
Four SME IPOs - Dudani Retail, Sai Urja Indo Ventures, Himalayan Solar and Bench Mark Infotech Services - are set to make their stock market debut today. Collectively, the four public issues raised around Rs 146 crore. While Dudani Retail and Sai Urja Indo Ventures are scheduled to list on the BSE SME platform, Himalayan Solar and Bench Mark Infotech Services will make their debut on the NSE SME platform. Among the four, Himalayan Solar had the largest issue size at Rs 68.03 crore, followed by Bench Mark Infotech Services at Rs 42.44 crore. Bench Mark Infotech Services witnessed the highest overall subscription, with the issue subscribed more than 100 times. Dudani Retail IPO The Dudani Retail IPO was a fixed-price issue worth Rs 10.54 crore and comprised entirely a fresh issue of 36.36 lakh shares. The issue was subscribed 1.42 times overall. The individual investors' portion was subscribed 2.31 times, while the NII category saw subscription of 0.52 times. The QIB subscription was not disclosed. Live Events The company had fixed the issue price at Rs 29 per share, with a lot size of 4,000 shares. Retail investors were required to apply for at least two lots, or 8,000 shares, involving a minimum investment of Rs 2.32 lakh. HNI investors had to apply for a minimum of three lots, or 12,000 shares, requiring an investment of Rs 3.48 lakh. The IPO opened for subscription on September 25 and closed on September 29. The basis of allotment was finalised on September 30, and the shares are scheduled to list on the BSE SME platform today. Finshore Management Services Ltd. is the book-running lead manager to the issue, while Maashitla Securities Pvt. Ltd. is the registrar. Sai Urja Indo Ventures IPO The Sai Urja Indo Ventures IPO was a book-built issue worth Rs 24.95 crore. It comprised a fresh issue of 18.29 lakh shares aggregating to Rs 20.67 crore and an offer for sale (OFS) of 3.79 lakh shares worth Rs 4.28 crore. The IPO was subscribed 3.50 times overall. The issue opened on September 25 and closed on September 29, with allotment finalised on September 30. The shares are scheduled to list on the BSE SME platform today. The price band was fixed at Rs 107-113 per share, with a lot size of 1,200 shares. Retail investors were required to bid for a minimum of two lots, or 2,400 shares, involving an investment of Rs 2.71 lakh at the upper price band. The minimum HNI application was for three lots, or 3,600 shares, requiring an investment of Rs 4.07 lakh. Shannon Advisors Pvt. Ltd. is the book-running lead manager, while Maashitla Securities Pvt. Ltd. is the registrar. Himalayan Solar IPO The Himalayan Solar IPO was the largest among the four issues, with a total issue size of Rs 68.03 crore. The book-built issue comprised a fresh issue of 58.91 lakh shares aggregating to Rs 60.68 crore and an OFS of 7.14 lakh shares worth Rs 7.35 crore. The issue was subscribed 1.19 times overall. The individual investors' portion was subscribed 1.26 times, while the QIB (ex-anchor) and NII categories were subscribed 1.66 times and 0.94 times, respectively. The IPO was open for subscription from September 25 to September 29, with allotment finalised on September 30. The shares are scheduled to list on the NSE SME platform today. The price band was fixed at Rs 98-103 per share, with a lot size of 1,200 shares. Retail investors were required to apply for a minimum of two lots, or 2,400 shares, involving an investment of Rs 2.47 lakh at the upper price band. The minimum HNI application was for three lots, or 3,600 shares, requiring an investment of Rs 3.71 lakh. Finshore Management Services Ltd. is the book-running lead manager, while Maashitla Securities Pvt. Ltd. is the registrar. Bench Mark Infotech Services IPO The Bench Mark Infotech Services IPO was a book-built issue worth Rs 42.44 crore, making it the second-largest among the four SME IPOs. It comprised a fresh issue of 34 lakh shares aggregating to Rs 37.40 crore and an OFS of 4.58 lakh shares worth Rs 5.04 crore. The issue received a strong response from investors and was subscribed 103.12 times overall. The individual investors' portion was subscribed 96.90 times, while the QIB (ex-anchor) and NII categories were subscribed 88.62 times and 136.92 times, respectively. The IPO opened on September 25 and closed on September 29, with allotment finalised on September 30. The shares are scheduled to list on the NSE SME platform today. The price band was fixed at Rs 104-110 per share, with a lot size of 1,200 shares. Retail investors were required to bid for a minimum of two lots, or 2,400 shares, involving an investment of Rs 2.64 lakh at the upper price band. The minimum HNI application was for three lots, or 3,600 shares, requiring an investment of Rs 3.96 lakh. GYR Capital Advisors Pvt. Ltd. is the book-running lead manager, while KFin Technologies Ltd. is the registrar to the issue. Disclaimer: The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. 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Shares of Indian Renewable Energy Development Agency (IREDA) have been on a downtrend over the last two years, falling more than 60% from its all-time high of ?310, scaled on 15 July 2024. View More
Vishakha Renewables, a company founded by Gautam Adani that specializes in solar components, has submitted its Draft Red Herring Prospectus. The firm aims to secure ?1,250 crore through an initial public offering, designated for debt repayment and other corporate needs. A portion, ?900 crore, will specifically address current borrowings. The IPO also includes an offer-for-sale of 1.81 crore shares, with proceeds benefiting the selling shareholders. View More
Gautam Adani-promoted solar components maker Vishakha Renewables has filed its Draft Red Herring Prospectus (DRHP) with Securities and Exchange Board of India (Sebi) to launch an initial public offering ( IPO ) The proposed issue will comprise a fresh issue of 1,250 crore and an offer-for-sale (OFS) of 1.81 crore shares. The company plans to use, 900 crore from the fresh proceeds to repay debt, against outstanding borrowings. The remaining proceeds will be used for general corporate purposes. Proceeds from the OFS will accrue to selling shareholders. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)
Google's tensor processing units were launched into orbit on Planet Labs satellites. View More
In this articleSPCXGOOGLFollow your favorite stocksCREATE FREE ACCOUNT A SpaceX Falcon 9 rocket carrying Northrop Grumman's Mission Robotic Vehicle (MRV) and Mission Extension Pods (MEPs) launches from Space Force Station's Launch Complex 40 in Cape Canaveral, Florida, on July 21, 2026. Chandan Khanna | AFP | Getty ImagesAlphabet launched its homegrown AI chips into orbit on Thursday in a SpaceX Falcon 9 rocket, a step towards making data centers in space a reality.The launch window opened at 11:15 am PT from Vandenberg Air Force Base in California's Santa Barbara County, with liftoff occurring without incident. SpaceX successfully deployed all payloads on board by 1 p.m. local time.SpaceX has promoted supercomputers in space as the next frontier in artificial intelligence infrastructure, touting "infinite real estate" in orbit as a means of escaping the data center backlash on the ground. During the uncrewed Transporter-18 mission, SpaceX will carry Planet Labs satellites, including a solar-powered prototype equipped with Google's tensor processing units (TPUs).The Thursday launch marks the first in-orbit test for Alphabet's Project Suncatcher, a "moonshot" initiative Google first revealed in November 2025. The company aims to develop reliable, solar-powered AI computing infrastructure that can operate continuously in space."Our team has confirmed contact with the satellite and it is operating as expected," Travis Beals, senior director of Project Suncatcher, wrote in a blog post following the launch. He called it the first step in a long-term research effort, "exploring whether space could one day host scalable machine learning infrastructure."Alphabet is a significant investor in SpaceX, which went public in June in a record IPO, and the businesses are close partners even as their AI divisions compete with one another. Alphabet's stake in SpaceX is currently valued at over $82 billion. watch nowVIDEO5:5005:50Planet Labs CEO on satellite launch: The first time we're launching TPUs into spacePower LunchIn low Earth orbit, satellites can "access near-constant sunlight, generating up to eight times more solar power than on Earth," Alphabet said in the post. Eventually, they expect to be able to "link together multiple constellations of satellites, allowing them to manage larger AI workloads while in orbit."The Google parent has already tested its TPUs running AI workloads in a facility at the University of California at Davis, but doesn't yet know how its chips will perform in the challenging conditions of low Earth orbit.SpaceX, led by Elon Musk, has also announced that it plans to build and launch its own orbital data centers. They will be comprised of swarms of satellites the company develops in Redmond, Washington, equipped with graphics processing units and solar arrays it plans to produce with Tesla, Musk's automaker.Earlier this year, Musk said data centers in space would be the cheapest way to train AI, "and that will be true within two years, maybe three at the latest." SpaceX COO Gwynne Shotwell said at an event in September that the company will deploy "supercompute in space" in 2027.Industry experts say space-based data centers represent a far-out mission, if they can even become feasible, in part because rocket launches remain capacity-constrained and expensive. Orbital data centers would also require cooling systems and chips that can withstand extreme temperatures, as well as protection from radiation. Clutter and orbital debris could also impede their viability.The Transporter-18 flight was the second major launch in a single day for SpaceX, which also began transporting astronauts to the International Space Station from Florida's Space Coast for NASA with an earlier liftoff on Thursday, marking the start of a six-month mission in orbit. WATCH: SpaceX launches its massive Starship rocket into orbit for first timewatch nowVIDEO4:0204:02SpaceX launches its massive Starship rocket into orbit for the first time: What you need to knowSquawk on the Street Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.