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ReNew to announce merger with RMG Acquisition at $3.7-bn pre-money valuation While pre money valuation is the equity value before the new round of financing, the post money valuation includes the fresh round of capital injection. Photo: iStock 2 min read Share Via Read Full Story Goldman Sachs backed ReNew Power Ventures Pvt. Ltd is set to shortly announce its merger with RMG Acquisition owned by Nasdaq-listed SPAC Riverside Capital Management at a pre money valuation of $3.7 billion, said two people aware of the development. The merger will be followed by a private investment in public equit...

A visit to villages deep within a jungle reveals acute distress and desperation for classes to resume

Global chip supply to be hit, chipmakers in drought-hit Taiwan face water crisis Taiwan Semiconductor Manufacturing Co Ltd (TSMC) , the world's largest contract chipmaker, this week started ordering small amounts of water by the truckload to supply some of its facilities across the island. (AFP)Premium . Updated: 24 Feb 2021, 11:54 AM IST Reuters Due to drought Taiwan, a key hub in the global technology supply chain for giants such as Apple, will begin on Thursday to further reduce water supply for factories in central and southern cities where major science parks are located Share Via Rea...

End brinkmanship and go for a win-win on farm laws Farmers raise slogans during their ongoing agitation against Centre's farm laws at Singhu border in New Delhi. (PTI)Premium Madhuri Saripalle Let’s help create conditions for both sides of this standoff to adopt strategic thinking to their mutual benefit Share Via Read Full Story Protests, negotiations and differences in opinion are the hallmark of a democracy. But sometimes, these protests take the form of an undesirable zero-sum game because of brinkmanship. This refers to a slow-burn strategy by an opponent who pushes you to the ‘brin...

The Latur collector urged people not to leave their homes during the weekend. Only essential services will remain functional during the Janata curfew.Superintendent of Police said: Those who are spotted not wearing masks in public places are being fined