Idea Forge has raised money from investors such as Infosys and Qualcomm, but they aren't your run-of-the-mill VC investors. India's planning to spend a gargantuan sum of $4 billion to buy predator drones from the US. Idea forage doesn't seem to have any long-term contracts either. Most of their deals are based on relationships they've built over the years.
The ₹550 crore IPO of what is arguably India’s biggest dronemaker opens on Monday (26th of June) and in today’s episode for 24th June 2023, we dive into what drives the company.
The shares of the Indian Energy Exchange (IEX) —a company controlling over 90% of the power exchange business — have declined ~18% over the last month.
And people have been selling the stock as if there’s no tomorrow. So, where did it all go wrong?
Well, you could attribute pretty much all of this to something that the government did.
If you’d like to find out what then click link and watch the video now - https://www.youtube.com/watch?v=cgtsquC-SRg