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New Delhi, Apr 1 (PTI) Rediff.com India Ltd, a subsidiary of AvenuesAI Ltd, has filed preliminary papers with markets regulator Sebi through the confidential route to float an initial public offering (IPO). The company has opted for the confidential pre-filing route, which allows it to engage with the Securities and Exchange Board of India (Sebi) for initial feedback on its draft document without it being publicly disclosed. Companies increasingly prefer this route because it offers more flexi ...Read More >
Broadband gear maker GX Group on Friday said it will set up a photonic module and chip arm in India with an initial investment of Rs 500 crore. The subsidiary, GX Quantum Photonics Pvt Ltd, will be headquartered in Manesar, Gurgaon, and is expected to create over 300 direct jobs, GX Group CEO Paritosh Prajapati said. The group currently has about 250 employees in India. The Phase 1 investment of Rs 500 crore will be deployed towards establishing a manufacturing facility in Bhiwadi, Rajasthan, ...Read More >
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