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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
In his acquisition spree, the Suzlon founder failed to heed the warning signs, and ended up forfeiting control of his company.
Editor's note: There was a brief period when nothing could go wrong for Tulsi Tanti, the founder and chairman of Pune-based wind energy company Suzlon, who passed away last week. When Suzlon shot into the limelight in 2005 with its initial public offering, investors couldn’t get enough of the company. Its Rs 10 paid-up shares were priced at a premium of Rs 500 and the retail offer was oversubscribed six times; the non-institutional portion was oversubscribed over 40 times. The shares listed at Rs 640 and were soon trading at over Rs 800 apiece. Suzlon’s market capitalization crossed Rs 30,000 crore and Tanti was worth a whopping $6 billion. For a man who hailed from a failed textile business background and joked about how he had named his company Suzlon to make it sound like a European firm, he had come a long way. Tanti was all of 48 years old then. In double quick time, Tanti had become the poster boy of a rising India. The Indian economy was growing at over 9% in those days and foreign investors were flocking …
In his acquisition spree, the Suzlon founder failed to heed the warning signs, and ended up forfeiting control of his company.
Editor's note: There was a brief period when nothing could go wrong for Tulsi Tanti, the founder and chairman of Pune-based wind energy company Suzlon, who passed away last week. When Suzlon shot into the limelight in 2005 with its initial public offering, investors couldn’t get enough of the company. Its Rs 10 paid-up shares were priced at a premium of Rs 500 and the retail offer was oversubscribed six times; the non-institutional portion was oversubscribed over 40 times. The shares listed at Rs 640 and were soon trading at over Rs 800 apiece. Suzlon’s market capitalization crossed Rs 30,000 crore and Tanti was worth a whopping $6 billion. For a man who hailed from a failed textile business background and joked about how he had named his company Suzlon to make it sound like a European firm, he had come a long way. Tanti was all of 48 years old then. In double quick time, Tanti had become the poster boy of a rising India. The Indian economy was growing at over 9% in those days and foreign investors were flocking …
When India’s solar capital says coal no longer adds up, it’s a market signal investors shouldn’t ignore. Separately, Deutsche Bank sets a €900 billion sustainable finance target by 2030 and COP30 falls short of expectations.
ADNOC and Aramco are using their oil money to venture into new technologies and future-proof their business.
ArcelorMittal's scrapping of green steel plans in Germany signals an uncertain future for decarbonizing the heavily polluting sector. It also casts a cloud on mega investments by Indian steelmakers.
When India’s solar capital says coal no longer adds up, it’s a market signal investors shouldn’t ignore. Separately, Deutsche Bank sets a €900 billion sustainable finance target by 2030 and COP30 falls short of expectations.
ADNOC and Aramco are using their oil money to venture into new technologies and future-proof their business.
ArcelorMittal's scrapping of green steel plans in Germany signals an uncertain future for decarbonizing the heavily polluting sector. It also casts a cloud on mega investments by Indian steelmakers.
