Tangible, a fintech platform focused on helping hardtech companies access and manage structured debt financing, has raised a $4.3 million seed round as it looks to modernise how capital-intensive businesses fund growth.

The round was led by Pale Blue Dot, with participation from MMC, Future Positive Capital, Unruly, SDAC, Prototype Capital and Aperture. The funding will be used to scale Tangible’s team and deepen automation across its platform.

Hardtech companies, spanning sectors such as energy, transport, advanced manufacturing and compute infrastructure, are increasingly seen as central to tackling some of the biggest macroeconomic challenges of the coming decades. BlackRock estimates that $68 trillion of new infrastructure investment will be required by 2040 to meet global demand.

Yet despite renewed interest in physical innovation, financing remains a major bottleneck. Traditional venture capital models often struggle to support asset-heavy businesses, which typically require large amounts of upfront capital. As a result, many early-stage hardtech companies rely on expensive equity funding to finance capital expenditure, increasing dilution and, in some cases, threatening long-term viability.

At the same time, private credit, now a $3.5 trillion market, is increasingly well positioned to meet this demand. However, deploying debt capital efficiently into hardtech remains complex and resource-intensive, particularly for lenders reliant on bespoke documentation and manual processes.

Tangible was founded to address this gap. Its AI-powered platform standardises the data, documentation and ongoing reporting required by lenders, reducing underwriting time and costs while enabling founders to run structured debt facilities without building in-house finance teams.

Hampus Jakobson, general partner at Pale Blue Dot, said: “Most of the innovations shaping the future, from vehicles and data centres to robotics, are fundamentally physical, and they shouldn’t be financed by venture equity alone. Tangible opens up new financing options for hardtech businesses, and we strongly believe in the team’s vision to bridge this structural gap.”

William Godfrey, co-founder and chief executive of Tangible, said demand for physical assets was accelerating as governments and businesses push reindustrialisation, energy security and technological sovereignty. “As hardtech companies scale at speed, investors need modern infrastructure to deploy capital just as fast,” he said.

“Legacy processes based on bespoke documentation and manual coordination no longer cut it. Tangible provides the financial infrastructure that makes hardtech easier to diligence for institutional credit, allowing companies to raise asset-backed financing faster and with less friction.”

The company said the new funding would support the build-out of automation across collaboration, diligence and reporting workflows, helping to reduce transaction costs and shorten time-to-close for both founders and lenders.

For hardtech firms facing mounting capital pressures, Tangible is positioning debt as a viable alternative to either heavy dilution, or failure.

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Mumbai: Analysts are mixed about recommending retail investors to participate in BHEL‘s ₹4,422 crore offer for sale (OFS), with views split between caution over valuation and orderbook optimism. Brokerages broadly agree that investors with a medium to long term horizon may find merit in bidding in the share sale. Short term investors, however, are unlikely to see any immediate upside, with the OFS itself not expected to serve as a near term rerating catalyst.

The retail tranche of the two day share sale will open for bids on Thursday after the non retail portion was subscribed 2.3 times on Wednesday, the first day of the issue. Bids were placed for more than 22 crore shares against the 9.4 crore on the block, prompting the government to activate the green shoe option.

The stock fell 5.6% to ₹260 on Wednesday after the floor price was set at ₹254 per share compared with its Tuesday closing price of ₹276, implying an approximate 8% discount.

JM Financial said the floor price in the OFS valued the stock attractively, and maintained a buy rating with a target price of ₹355 per share, valuing the company at 30 times FY28 estimated earnings.

The government is offloading up to 5% of its stake in BHEL via the two day OFS. Post the stake sale, the government will hold 58.17% in the company.

“The OFS appears more of a divestment exercise than a fundamental rerating trigger,” said Divyam Mour, research analyst at Samco Securities. “While the offer appears optically attractive, valuation and execution realities warrant careful consideration. We recommend only staggered participation for long term investors.”
BHEL’s order book has swelled from ₹89,813 crore in FY21 to ₹2,19,600 crore in H1FY26, lifting its book to bill ratio to 7.2 times amid a revival in thermal and infrastructure capex, he said. “At a trailing P/E (Price to Earnings) ratio of 108 times, the stock is pricing in meaningful operating leverage, sustained order inflows, and structural improvement in profitability,” said Mour. BHEL shares have risen over 30% in the past year, as against the 17% advance in the BSE Capital Goods Index.

Vinod Nair, head of research at Geojit Investments, said the OFS is attractive for retail investors on a long term basis. “The stock is currently trading at a 1-year forward P/S (Price to Sales) of 2.2 times, near its three-year average. valuations remain compelling. We maintain a positive long-term stance on the stock,” he said.

Mattel MAT -24.98%decrease; red down pointing triangle shares plunged as much as 28% in late trading after the toy maker said an anticipated surge in holiday sales came up short, and it issued a lower-than-expected profit forecast for 2026. 

The shortfall in sales in the critical weeks before Christmas prompted the maker of Barbie dolls and Hot Wheels cars to step up discounts, it said, putting a squeeze on profit margins. Both sales and profit came in below Wall Street expectations for the fourth quarter.

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The “McMansion” is officially moving from a status symbol to liability.

Twenty years after the 2006 housing boom, new data from Zillow reveals a fundamental reversal in the American Dream: Buyers are ditching “wasted scale” and mahogany-heavy footprints for high-efficiency “sanctuaries.”

As insurance premiums and property taxes soar, real estate experts warn that the oversized, unoptimized estates of the mid-aughts are becoming a financial exposure for homeowners who fail to adapt.

“The appetite for space hasn’t disappeared, but the definition of value has evolved. Buyers still want room for family, entertaining and flexibility. What they don’t want is excess without purpose,” Catena Homes principal Harrison Polsky told Fox News Digital.

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“With rising insurance costs in Texas and higher property taxes, a 5,000-plus-square-foot home that isn’t energy efficient or thoughtfully designed can absolutely feel like a liability. But a well-built, high-performance home of that size with strong insulation, efficient systems and functional layout still represents the American Dream here,” he added. “The shift isn’t away from scale entirely; it’s away from wasted scale.”

“In Palm Beach County, scale still has strong appeal, particularly in waterfront and estate communities. However, soaring insurance costs in Florida have changed buyer behavior,” RWB Construction Management founder Robert Burrage also told Fox News Digital.

“A 6,000 or 7,000-square-foot home built in 2006 without impact glass, elevated construction, modern roofing and generator systems can absolutely feel like financial exposure,” Burrage noted. “Buyers are willing to pay for size, but only if it’s engineered for resilience.”

Going back to 2006, luxury was granite and mahogany. In 2026, Zillow says it’s pickleball courts and golf simulators (with listing mentions up 25%) to whole-home batteries (up 40%) and zero-energy-ready homes (up 70%).

“Resilience and lifestyle go hand in hand. Whole-home generators, battery storage, hurricane-rated systems, smart-home integration and expansive outdoor living are expected,” Burrage said.

“A large home without those features narrows the buyer pool significantly. Meanwhile,” he said, “a slightly smaller but technologically advanced home designed for indoor-outdoor living often performs better in terms of demand and pricing.”

“Today’s buyers are far more educated about operating costs and long-term durability,” Polsky agreed. “In this market, lifestyle infrastructure and sustainability are no longer bonuses. They’re baseline expectations.”

Resale advice used to be: “Keep it beige.” Now, Zillow finds buyers offer more for olive green and charcoal gray, with “color drenching” mentions up 149%. The experts said the “beige box” of the mid-aughts is a harder sell now.

“The sterile beige spec home from the mid-2000s definitely feels dated. Buyers today respond to depth and personality but it has to be curated,” Polsky said. “We’re encouraging sellers to modernize with warmer neutrals, layered textures, and intentional color moments. ‘Safe’ used to mean blank. Now safe means thoughtfully designed. Homes that lack character tend to photograph poorly and sit longer.”

“Buyers want lighter, organic palettes with architectural texture and contrast,” Burrage weighed in. “We’re advising our clients who are building with us to keep interiors fresh and light strategically. A thoughtful design can materially impact buyer perception and final sales price.”

As millennials and Gen X become the primary buying force, they are rejecting the norms of what once was. The real estate experts both answered “yes” when asked if the market is seeing a permanent cultural shift in what “luxury” means.

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“Boomers selling older estates should strongly consider modernizing systems and aesthetics,” Burrage said. “Buyers are comparing them to newly built coastal homes engineered for climate durability and lower operating risk.”

“Boomers selling 2006-era estates need to understand that today’s buyers compare everything to new construction with modern infrastructure. Updating mechanical systems, improving energy performance and refreshing interiors before listing can dramatically improve positioning,” Polsky pointed out. “The American Dream hasn’t gone away, it’s simply become more intentional. Buyers want homes that support how they live, not just how they’re seen.”

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ET Intelligence Group: Shares of NTPC have risen around 12% over the past three months compared with the 2.9% gain in the ET Power index. Investors are betting on the company’s capacity addition and green energy initiatives amid potential future demand. India’s largest power generator has an installed capacity of nearly 86 gigawatt (GW) as of December 2025 and nearly 33 GW under construction. It plans to add 6.5 GW of new thermal capacity while accelerating renewable additions through its subsidiary NTPC Green Energy (NGEL). It is also ramping up investments in energy storage and nuclear technologies under the SHANTI Act.

Of the total 33 GW currently under construction, about 16.5 GW is coal-based, 1.9 GW is hydro, and roughly 15 GW comprises renewable projects. According to the company management, the company expects the 1,350 megawatt (MW) Sinnar Thermal Power Plant acquisition to close shortly following approval of the resolution plan submitted by NTPC and Maharashtra State Power Generation Company by the National Company Law Tribunal (NCLT). The acquisition will also bring nearly 1,600 acres of land for future growth.

The company’s green-energy arm NGEL has commissioned 2.6 GW so far in FY26 and is likely to complete another 2.5 GW, in line with the target of 5 GW for the year. The subsidiary has a capacity-addition target of 8 GW each in FY27 and FY28. NGEL’s Power Purchase Agreement tie-ups remain strong at 82% for FY26, 83% for FY27, and 60% for FY28, with an overall 74% PPA coverage across its around 20 GW pipeline.

The company is simultaneously ramping up its presence in energy storage. It is in the final stages of evaluating a 5 GWh of battery energy storage system (BESS) across 16 stations under Section 62 where BESS projects are awarded with regulated tariffs approved by regulators, rather than through competitive bidding. It has also finalised a 320 MWh BESS project in Kerala.
In hydropower storage, the third unit of the Tehri pumped-storage project has been commissioned, with the final 250 MW unit scheduled before FY26 ends. Preliminary studies are also underway for around 13 GW of pumped-storage projects allocated by various states.

Analysts have retained ‘buy’ rating with 10-15% higher target prices than the current market price of ₹367. “NTPC continues to make efforts to diversify its generation portfolio. Progress on execution of new thermal projects remains a key variable to monitor,” noted JM Financial Institutional Securities in a report. The broking firm has revised the target price to ₹420 from ₹397 earlier.