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ESDS Software eyes ₹1,300-cr IPO

Sept. 2, 2021

Cloud services and data centre firm ESDS Software Solution is planning to raise ₹1,200-1,300 crore through an initial share sale, market sources said on Thursday. The company is likely to file preliminary papers with capital markets regulator SEBI this month for its initial public offering (IPO), they added.

Source: BusinessLine

Elcid Investments pays over Rs 18 lakh to settle case with Sebi

Sept. 1, 2021

Sebi had received a complaint against Elcid Investments wherein it was alleged that its promoters have a direct shareholding of 74.88 per cent, but indirectly holds 79.62 per cent stake.

Source: Financial Express

Two Wheeler Accessories Market Size 2021 And Forecast to 2028 | Keyplayers – TVS Motor,AGV Sports Group,GIVISrl,Steelbird Hi-Tech,Flying,YF Protector,Yamaha Motor,Hero Motocorp,Harley-Davidson,Omax Auto,Studds Accessories,OM Steel Industries,

Sept. 1, 2021

In the recently published financial credit Two Wheeler Accessories Market by Stratagem Markets Insights, market buildup will continue throughout the predict time of 2021-2028. The report contains data in this area the latest trends in the proclaim.

Source: The Manomet Current

Equity Firm Carlyle Set to Acquire Hexaware

Sept. 1, 2021

US private equity giant Carlyle Group is reportedly set to purchase Indian IT services firm Hexaware Technologies for around US$3 billion.

Source: Nearshore Americas

EarlySalary partners HDB Financial Services for digital loans

Sept. 1, 2021

EarlySalary said it was committed to providing a seamless customer experience by leveraging new-age technologies in the areas of data processing, artificial intelligence and machine learning, and analytics for real-time analysis.

Source: Mint

MapmyIndia Files DRHP With SEBI To Offload Up To 7.5 Mn Equity Shares

Sept. 1, 2021

Rashmi Verma, executive director of MapmyIndia to offload up to 3,070,033 equity shares during the IPO MapmyIndia is backed by chip maker Qualcomm and Japanese map publisher Zenrin MapmyIndia posted a profit of INR 59.4 Cr in FY21 as against INR 23.1 Cr in FY20

Source: Inc42 Media

Paytm's valuation has increased by nearly $40 a share — here’s how

Sept. 1, 2021

Mutual funds managed by T Rowe Price has valued Paytm’s shares at $295 apiece at the end of April-June quarter. The increased value of Paytm shares in June quarter coincides with the digital payments giant’s attempt to go public in India.

Source: Business Insider India

IPO-bound Fino PayTech to raise Rs 75 crore via right issue

Sept. 1, 2021

IPO-bound financial services player Fino PayTech is launching a rights issue from September 4-21. The company is offering one equity share for every 34 shares held by shareholders as on the record date - August 27, 2021.

Source: Economic Times

Suryoday Small Finance Bank appoints Vishal Singh as the Chief Information Officer

Sept. 1, 2021

Singh has taken over from Vanamali Sridharan who has resigned on July 31, 2021. At around 3.13 pm, the company's stock is trading at Rs151.05 per piece down 0.9% on Sensex.

Source: Indiainfoline

Paytm to transfer online payments biz to subsidiary

Sept. 1, 2021

RBI guidelines for regulation of payment aggregators (PAs) requires their business to be regulated and run by a separate company, after obtaining the licence from RBI. The new entity will include Paytm's online payment gateway business.

Source: Economic Times

"We want to set up experience centers across the country", Tarun Mathur, Policybazaar

Aug. 31, 2021

As insurance becomes unique to individuals, Policybazaar is gearing up with specially customized services among other new initiatives.

Source: BW Businessworld

Stock Market NSE BSE Share Market Today: Sensex Scales 57,000 For First Time, Nifty50 Nears 17,000

Aug. 31, 2021

Nifty50, on the other hand, was trading at 16,943.85, higher by 12.80 points or 0.08 per cent from its previous close, IANS reported.

Source: India.com

Philips to invest Rs 300 cr; hire 1,500 people in India

Aug. 30, 2021

Philips global CEO Frans Van Houten has said that the consumer durables giant will invest as much as Rs 300 crore in India. It also plans to hire 1,500 people in the country. The company will expand its Pune facilities, said the CEO.

Source: Business Today

A Look Inside IPO-Bound MobiKwik’s Shareholding Structure

Aug. 28, 2021

One Mobikwik Systems, the parent company of digital transaction platform MobiKwik, has filed a DRHP with market regulator SEBI and is eyeing to raise INR 1,900 Cr from the public market. MobiKwik will raise money through issuing fresh shares worth INR 1,500 Cr and offloading equity shares aggregating up to INR 4,000 Cr.

Source: Inc42 Media

Future-Reliance Retail merger deal: FRL seeks early hearing of appeal in SC against HC order in Amazon case

Aug. 28, 2021

Making a big foray into electronics manufacturing and distribution, billionaire Mukesh Ambani-led Reliance Industries Limited (RIL)'s subsidiary Reliance Retail has acquired the licence to manufacture and market consumer durable products under the iconic Indian brands BPL and Kelvinator.

Source: Mint

Chennai Super Kings' share prices zoom in unlisted market

Aug. 27, 2021

The share price of Chennai Super Kings Cricket Ltd, which owns the IPL team, has zoomed by close to 50% to Rs 92 a share in the grey market. The bumper demand follows the team’s stellar performance in the first part of this year’s IPL tournament.

Source: Deccan Herald

NSE adds 10 new stocks in the F&O segment

Aug. 27, 2021

Ten new Futures & Options (F&O) contracts have been added from the expiry of August series, and start of September series. The stocks will be available for trading from Friday, August 27

Source: Mint

Tata Technologies ready for inorganic growth to scale up operations

Aug. 27, 2021

Tata Technologies, the product development IT services subsidiary of Tata Motors, has its best-ever order book, a strong balance sheet and is gearing up for ‘outstanding’ 3-5 years for the company and the industry, its chief executive told Moneycontrol.

Source: Moneycontrol.com

Meity Startup Hub And Paytm Collaborate To Launch Program To Support Deep-Tech Start-Ups

Aug. 26, 2021

The MeitY Startup Hub (MSH), an initiative of the Ministry of Electronics & IT (MeitY), has entered into a Memorandum of Understanding with Paytm, MSH and Paytm, through this collaboration, will scale deep-tech startups by providing access to platform, knowledge series, experts, resources, and larger community of stakeholders.

Source: BW Businessworld

IPO candidates take a step back in unlisted market after flat listing and correction

Aug. 26, 2021

The recent correction in the broader markets and a series of tepid listings in the IPO market have turned investors in the unlisted market cautious. IPO-bound companies such as Paytm, Mobikwik and Lava are the most affected players.

Source: Economic Times

NSE bans members from selling digital gold after Sebi flags concerns

Aug. 26, 2021

National Stock Exchange (NSE) has directed its members, including stockbrokers, to discontinue the sale of digital gold on their platforms by September 10.

Source: Business Standard

IT services major Capgemini is driving more value from India unit

Aug. 26, 2021

For Paris-headquartered IT services major Capgemini, India has always been the backbone of its services delivery for its global clients, but the company is focused on driving more value from India as it gears up its engineering research and development (R&D) presence worldwide with its acquisition of Altran Technologies.

Source: Business Standard

Nayara Energy achieves financial closure for foray into petrochemical business

Aug. 26, 2021

The company signed a financial agreement with a consortium of banks led by SBI for a project term loan of ₹4,016 crore

Source: BusinessLine

Only card networks and issuing banks may get to tokenise data

Aug. 26, 2021

Under the new norms, every online merchant processing transactions for customers will only have access to a 'tokenised' key linked with the consumer's cards instead of the entire card file.

Source: Economic Times

Chennai Super Kings' FY21 profit slips 20% YoY to Rs 40.26 crore

Aug. 25, 2021

Chennai Super Kings Ltd. (CSK) has reported a lower profit of Rs 40.26 crore for the year ended March 31, 2021, down from Rs 50.33 crore in 2019-20.

Source: Moneycontrol.com

Assam signs MoU with MFIs for relief to women borrowers

Aug. 25, 2021

Among the prominent MFIs and Banks which have signed the MoU ..

Source: Times of India

Court gives police three weeks to conclude Paytm ownership probe

Aug. 24, 2021

Ashok Kumar Saxena, 71, in legal documents said he invested $27,500 two decades ago in Paytm parent One97 Communications but was never allotted any stock.

Source: The Hindu

How you can buy shares of Paytm, Ola and Flipkart from the unlisted market

Aug. 23, 2021

Investors in many IPOs are pocketing handsome listing gains, especially when the company is into some new-age digital business. The only problem is getting allotments, as the IPO issue gets oversubscribed many times over.

Source: Moneycontrol.com

Three insurance-related firms to raise Rs 10,000 cr through IPOs

Aug. 22, 2021

PB Fintech, which runs the insurance brokerage Policybazaar; standalone health insurer Star Health & Allied Insurance Company; and third-party administrator Medi Assist Healthcare Service. They have already filed their draft prospectus with markets regulator Sebi.

Source: Economic Times

Utkarsh Small Finance Banks first branch in Karnataka

Aug. 21, 2021

Utkarsh Small Finance Bank Limited inaugurated its very first branch in Karnataka. The residents of JP Nagar, Bengaluru now avail of the Bank's products and services, including savings bank account, current account, fixed deposits and recurring deposits, amongst other facilities. With this, the Bank has 587 branches in 193 districts in the country spread across 17 states and 2 Union Territories.

Source: Free Press Journal

Chennai Super Kings' FY21 profit slips 20% YoY to Rs 40.26 crore

Aug. 21, 2021

It reported revenue of Rs 253.69 crore for the year under review, down from Rs 356.53 crore in the preceding year.

Source: Moneycontrol.com

AGS Transact Technologies plans IPO of up to ₹800 crore through OFS

Aug. 20, 2021

AGS Transact Technologies Ltd (AGSTTL) is planning an initial public offer (IPO) of up to ₹800 crore through an offer for sale (OFS) by the selling shareholders.

Source: BusinessLine

NSE inches close to acquiring NCDEX

Aug. 19, 2021

ndia’s largest equity bourse, the National Stock Exchange (NSE), is in the final stages of acquiring the National Commodity and Derivatives Exchange (NCDEX) for an enterprise value of ₹900-1,000 crore.

Source: BusinessLine

Behind Ixigo's road to profitability and IPO

Aug. 18, 2021

From the outet of the pandemic, it was inevitable that the road Ixigo would take to raise future funds would be via an IPO.

Source: PhocusWire

Two Wheeler Accessories Market Size, Trends, and Key Players – Steelbird Hi-Tech, TVS Motor, AGV Sports Group, YF Protector, Yamaha Motor, Hero Motocorp, Harley-Davidson, Omax Auto, Studds Accessories

Aug. 18, 2021

The Two Wheeler Accessories Market is expected to surge at a steady CAGR in the coming years, states the latest Verified Market Research® report. The publication offers an insightful take on the historical data of the market and the milestones it has achieved.

Source: The Manomet Current

Sterlite Power Transmission files draft papers for Rs 1,250 crore IPO

Aug. 17, 2021

Sterlite Power Transmission, led by billionaire Anil Agarwal, has filed draft papers to raise up to Rs 1,250 crore through an initial public offering (IPO).

Source: Moneycontrol

NSE Indices launches Nifty India Manufacturing Index to track stocks engaging in manufacturing activities

Aug. 17, 2021

NSE Indices said that the Nifty India Manufacturing Index aims to track the performance of stocks that represent manufacturing sectors in India.

Source: Indiainfoline

PNB MetLife Names New Chief Actuary And Products Officer

Aug. 17, 2021

India’s leading private life insurance, PNB MetLife announces the appointment of Asha Murali as Chief Actuary and Products Officer. Asha will also be the Appointed Actuary of the company. Earlier, Asha Murali was associated with ICICI Prudential Life Insurance Company and has over 25 years of experience in the industry

Source: BW Businessworld

HDFC Securities becomes first Indian brokerage house to debut on Koo

Aug. 16, 2021

HDFC security's main aim is to keep the content jargon free, relatable and actionable for the customers - helping them leverage our great research and in-depth market understanding.

Source: Free Press Journal

Plastic packaging firm Manjushree Technopack to acquire Classy Kontainers

Aug. 16, 2021

Manjushree Technopack will have access to all production units of Classy Kontainers located in five cities and serve the latter’s existing clientele in the paints, adhesives, speciality chemicals and FMCG segments

Source: Mint

NCDEX launches futures contract on NCDEX GUAREX

Aug. 16, 2021

The National Commodity and Derivatives Exchange (NCDEX) on Monday launched futures contract on NCDEX GUAREX. NCDEX GUAREX is a price-based index that will track the price movement in the futures contracts of its underlying like Guar Seed and Guar Gum Refined Splits on a real-time basis.

Source: Financial Express

[What The Financials] IPO-Bound ixigo Turns Profitable In FY21 As Transactions Soar

Aug. 14, 2021

Le Travenues Technology, the parent company of ixigo, has filed its draft red herring prospectus (DRHP) with capital markets regulator SEBI to raise INR 1,600 Cr through an initial public offering. The revenue growth was led by a 107% increase in ticketing revenue in FY21.

Source: Inc42 Media

Policybazaar's new campaign dials up the emotion on Independence Day

Aug. 14, 2021

Policybazaar.com has released its new digital film, centered around the traditional definition of a family. The film released on the occasion of Independence Day, draws attention towards core human values of lending a helping hand at the time of need reminiscent of insurance. The brand wanted to give a positive larger-than-life message while staying salient to the category.

Source: Exchange4Media

[What The Financials] IPO-Bound ixigo Turns Profitable In FY21 As Transactions Soar

Aug. 14, 2021

Gurugram-based online travel aggregator ixigo turned profitable in FY21, with a revenue boost from the acquisition of railway ticketing platform Confirmtkt in February this year.

Source: Inc42 Media

Investment in Data centre to hit $174bn by 2023 — Schneider Electric

Aug. 14, 2021

The company, which called for more investment, stated that the disruptive IoT technologies have already created a spike in demand for data centres, while the essence of data continues to grow, more sustainable, efficient, adaptive, and resilient data centre infrastructures will be needed if owners are to cash in on this growth opportunity.

Source: Vanguard

ixigo Files DRHP To Raise INR 1,600 Cr Through IPO

Aug. 13, 2021

Gurugram-based online travel ticket aggregator Le Travenues Technology, which operates travel platform ixigo, has filed its draft red herring prospectus (DRHP) with capital markets regulator SEBI to raise INR 1,600 Cr through an initial public offering.

Source: Inc42 Media

Ex-director seeks to stall $2 billion Paytm IPO, company calls it harassment

Aug. 13, 2021

Paytm’s $2.2 billion IPO is facing an unusual hurdle - a 71-year-old former director has urged India’s markets regulator to stall the offering, alleging he is a co-founder who invested $27,500 two decades ago but never got shares.

Source: The Hindu

Signify Innovations expands EcoLink brand

Aug. 12, 2021

Signify Innovations India, formerly known as Philips Lighting India, has expanded its EcoLink portfolio by introducing an air purifier with UV-C technology under the brand.

Source: Outlook India

MakeMyTrip exits IPO-bound travel app ixigo with 8x returns

Aug. 12, 2021

MakeMyTrip has exited IPO-bound travel app ixigo, the Nasdaq-listed company said in filings to the US Securities and Exchange Commission, clocking 8x returns on its initial investment.

Source: Economic Times

Agri-commodity exchange: NCDEX average daily turnover surges over 2-folds to Rs 2,151 cr in July

Aug. 12, 2021

The National Commodity and Derivatives Exchange on Thursday said its average daily turnover value (ADTV) surged by more than two-folds to Rs 2,151 crore in July compared to the same month of the previous year. NCDEX witnessed a 79 per cent increase in the agri-derivatives market share from 70 per cent in the same month a year ago.

Source: Zee Business

HDFC securities unveils big plans for digital content; gives mandate to Puretech Digital

Aug. 12, 2021

HDFC securities has onboarded mumbai based digital marketing firm, Puretech Digital to manage its cpontent and social media mandate.They will closely work with Puretech to create investor awareness campaigns across multiple digital platforms.

Source: ANI News

Agri-commodity exchange: NCDEX average daily turnover surges over 2-folds to Rs 2,151 cr in July

Aug. 12, 2021

he National Commodity and Derivatives Exchange on Thursday said its average daily turnover value (ADTV) surged by more than two-folds to Rs 2,151 crore in July compared to the same month of the previous year. The agri-commodity exchange's ADTV stood at Rs 785 crore during July 2020, NCDEX said in a statement.

Source: Zee Business

SoftBank Vision Fund sees further upside from Policybazaar, Paytm IPOs after $2-billion profit

Aug. 10, 2021

SoftBank Vision Fund posted a 236 billion yen ($2.14 billion) profit in the first quarter even as gains from listing portfolio companies were offset by the impact of China’s tech crackdown.

Source: Economic Times

Schneider Electric India appoints Senthil Kumar Venkataramanujulu as Vice President, Industrial Automation

Aug. 10, 2021

Senthil’s appointment comes at a time when digital adoption has taken a quantum leap due to the pandemic, with businesses acknowledging the unprecedented possibilities of IIoT in building efficiencies across the entire system of an industrial operation

Source: Indiainfoline

[What The Financials] IPO-Bound Fino Turned Profitable In FY21, But Expenses Remain High

Aug. 10, 2021

Mumbai-based Fino Payments Bank (FPBL) has turned profitable in FY21 reporting INR 20.4 Cr in profits and a total income of INR 791 Cr, up 14% on a year-on-year basis. However, the company could not rein in its expenses completely in FY21

Source: Inc42 Media

PNB MetLife, Religare Health tie up

Aug. 10, 2021

PNB MetLife India Insurance Co. Ltd. has tied-up with Religare Health Insurance to offer a product that would cover health, death and illness.

ICRA upgrades credit rating of Motilal Oswal Financial Services’ subsidiary

Aug. 10, 2021

ICRA Limited has upgraded the credit rating on long-term debt instruments of Motilal Oswal Home Finance Limited (MOHFL), a material subsidiary of Motilal Oswal Financial Services Limited to ICRA AA-/Stable from ICRA A+ /Stable. Further, ICRA has also reaffirmed the Credit Rating of ICRA AA/Stable on long-term debt instruments of the Company.

Source: Indiainfoline

Delhi High Court quashes Income Tax Demand on Mobikwik as E-Filing portal was dysfunctional

Aug. 8, 2021

The petitioner, Mobikwik’s case was picked up for scrutiny, and accordingly, a notice under Section 143(2) of the Act was issued. Thereafter, during the course of the assessment proceedings, several notices were served on the petitioner under Section 142(1) of the Act whereby information was sought from the petitioner.

Source: taxscan.in

[The Turning Point] Love for travel and technology led these 2 IIT batchmates to launch IPO-bound Ixigo

Aug. 7, 2021

Traveltech major Le Travenues Technology, which runs and owns online travel portal Ixigo, is eyeing a Rs 1,500-1,800 crore IPO this year.

Source: YourStory

Taparia Tools launches VDE Pliers

Aug. 6, 2021

Taparia Tools launches VDE Pliers that's made from high grade alloy steel which enables the VDE Pliers best performance. The VDE Pliers are fully insulated with high quality sleeves, due to which it can with stand up to 1000V AC. The high quality sleeve ensures comfortable and firm grip to the users.

Source: Millennium Post

HDFC Bk shelves HDB’s IPO plans

Aug. 6, 2021

HDFC Bank has decided to shelve IPO plans of its subsidiary HDB Financial Services. The NBFC arm will focus on further improving its technology platform. The bank will consider testing the market for price discovery through a small stake sale.

Source: Times of India

Fertiliser shortage looms as global prices skyrocket

Aug. 6, 2021

Supply crunch may hit during rabi season ahead of UP, Punjab polls.

Source: The Indian Express

HDFC Bk shelves HDB’s IPO plans

Aug. 6, 2021

HDFC Bank has decided to shelve IPO plans of its subsidiary HDB Financial Services. The NBFC arm will focus on further improving its technology platform. The bank will consider testing the market for price discovery through a small stake sale.

Source: Times of India

Ixigo raises $53M led by Singapore's sovereign wealth fund

Aug. 5, 2021

Online travel app Ixigo has raised $53 million from investors led by Gamnat, an investment firm managed by Singapore sovereign wealth fund GIC Private Limited, according to filings with India’s Ministry of Corporate Affairs.

Source: PhocusWire

ICL Signs Contract to Supply 600000 Metric Tons of Potash to India During 2021

Aug. 5, 2021

a leading global specialty minerals and specialty chemicals company, announced today it has signed a contract with Indian Potash Limited (IPL),

Source: Business Wire

ixigo acquires bus ticketing platform Abhibus

Aug. 5, 2021

Le Travenues Technology Ltd, which promotes the artificial intelligence-based travel app ‘ixigo’ has purchased the business and operations of Abhibus, a Hyderabad-based bus ticketing and aggregation platform AbhiBus.

Source: BusinessLine

HDB Financial: how Aditya Puri’s dream IPO is now HDFC Bank’s headache

Aug. 4, 2021

From aiming for an INR80,000 crore IPO to now engaging with investors for stakes, things have changed rapidly for HDB Financial Services. At over 7% NPAs in the June quarter, observers say it's unlikely that operations will normalise even after a year. Analysis of limited available data leads to questions of whether HDB Financial is worthy of an IPO.

Source: Economic Times

India initiates anti-dumping probe against Chinese pharma chemical

Aug. 4, 2021

The domestic company arch pharma labs has filled an application before DGTE seeking initiative of an anti dumping investigation concerning imports of this chemical from China.

Source: ETHealthworld.com

[What The Financials] Policybazaar Cuts Losses By 50% In FY21

Aug. 4, 2021

While insurance aggregator services witnessed huge return in FY21, it was offset by lower revenue from the credit platform Paisabazaar Lower expenses in FY21 were also due to constraints on lending partners although the company has stated that it is working on reducing advertising costs going forward.

Source: Inc42 Media

Fincare Small Finance Bank gets Sebi's go ahead to raise Rs 1,330 cr via IPO

Aug. 2, 2021

Digital lender Fincare Small Finance Bank has received capital markets regulator Sebi's go-ahead to raise Rs 1,330 crore through an initial share sale. The initial public offer (IPO) comprises a fresh issue of equity share of the bank worth Rs 330 crore and an offer for sale aggregating up to Rs 1,000 crore by promoter Fincare Business Services Limited, according to the Draft Red Herring Prospectus (DRHP).

Source: Economic Times

Billionaire Anil Agarwal’s Sterlite Power hires banks for $403 mn IPO

Aug. 2, 2021

Sterlite Power Transmission Ltd., controlled by Indian billionaire Anil Agarwal, has picked banks for its planned initial public offering in Mumbai, according to people with knowledge of the matter.

Source: Economic Times

NCL Industres, NCL Buildtek bag orders worth Rs 1863 cr

Aug. 2, 2021

NCL Buildtek has received letters of acceptance (LoA) worth Rs 1,863.19 crore for supply of pre-painted (GI) steel window frame with glazed shutters and GI powder-coated door frames

Source: Construction Week Online India

Ixigo Raises $53Mn In Pre-IPO Funding Led By GIC & Others

July 28, 2021

Online travel aggregator ixigo on July 28 closed a pre-IPO funding round worth $53 Mn led by Singapore-based sovereign fund GIC along with participation from other investors including InfoEdge, WhiteOak, Bay Capital, Orios Venture Partners, Trifecta Capital and Malabar Investments.

Source: Inc42 Media

Koodalmanikyam temple’s renovated eastern tower dedicated to devotees

July 28, 2021

After the dedication, Devaswom Minister K Radhakrishnan lauded ICL Fincorp’s chairman and managing director K G Anil Kumar, chief operating officer Uma Anil Kumar and their family members for spending a huge amount on the renovation.

Source: The New Indian Express

Paytm founder to have protective rights after listing

July 28, 2021

Vijay Shekhar Sharma, chief executive officer of Paytm, will have ‘protective rights’ to appoint one member to its board as long as he owns 2.5% equity in the company he founded, a customary regulatory filing ahead of the digital payment platform’s upcoming initial public offering (IPO) showed.

Source: Economic Times

Future Retail moves SC against HC order on Rs 24,713-cr deal with Reliance

July 28, 2021

Kishore Biyani-led Future Retail Ltd on Saturday said it has approached the Supreme Court against orders passed by the Delhi High Court to maintain the status quo in relation to its Rs 24,713 crore deal with Reliance Retail and directing it to enforce the order of the Singapore-based Emergency Arbitrator.

Source: Business Standard

Paytm looking to launch Rs 16,600-crore IPO by October

July 27, 2021

The company has proposed to use Rs 4,300 crore for growing and strengthening the Paytm ecosystem, including through acquisition of consumers and merchants and providing them with greater access to technology and financial services.

Source: Moneycontrol.com

Ixigo raises $53 million led by Singapore's sovereign wealth fund GIC

July 27, 2021

Online travel app Ixigo has raised $53 million (Rs 395 crore) from investors led by Singapore sovereign wealth fund GIC NSE 0.68 %, ahead of its proposed initial public offering, according to regulatory filings sourced from Tofler.

Source: Economic Times

Reliance Retail brands may soon come to kiranas

July 27, 2021

Retail is now planning to take its private brands to general trade outside its own outlets, including millions of kiranas, in a bid to gain a foothold in the country’s ₹4.2 lakh-crore fast-moving consumer goods (FMCG) market.

Source: Economic Times

Reliance Retail doubles its revenue from digital channels

July 26, 2021

The retail major has taken several initiatives over the past year to push sales from e-commerce, right from introducing JioMart to the recent move of acquiring JustDial.

Source: Moneycontrol.com

SOPA urges NCDEX to increase soybean futures margin to curb excessive speculation

July 26, 2021

The Soybean Processors Association of India (SOPA) has brought to the notice of the National Commodity and Derivatives Exchange (NCDEX) that the soybean futures contract on NCDEX has been completely taken over by the speculators. They has requested NCDEX to increase margin money from the current 25% to 50% for lean season contracts and to reduce the circuit limit in the lean season to 2% a day to curb speculation in soybean futures.

Source: Economic Times

Fertilizer scam: Delhi HC asks ED director to explain how grounds of arrest are conveyed

July 25, 2021

The case pertains to an alleged fertiliser scam linked to the IFFCO and India Potash Limited (IPL), in which the CBI had registered a corruption case in May

Source: The Hindu

Hicks unveils all new Hicks DT-12 Digital Thermometer with memory and beeper

July 24, 2021

Hicks unveils all new Hicks DT-12 Digital Thermometer with memory and beeper

Source: ANI News

Syngenta India challenges NCLAT’s valuation order in SC

July 21, 2021

The Supreme Court has stayed an order by the National Company Law Appellate Tribunal (NCLAT) that directed the parent of Syngenta India to pay a ‘fair price’ to some minority shareholders in the process of reducing the equity capital.

Source: Economic Times

These 8 IPOs debuted with over 100% premium on Day 1

July 21, 2021

Big corporate houses and new-theme businesses are going to increasingly hit the IPO market, say analysts. In fact, in the last one year, IPOs by specialty chemicals and new technology companies have gathered momentum. Fundraising of more than Rs 50,000 crore has taken place so far in 2021.

Source: Moneycontrol.com

Anand Rathi Wealth files papers for Rs 800-900 crore IPO

July 21, 2021

Anand Rathi Wealth had filed IPO prospectus in Sept 2018 but dropped its plan citing difficult market conditions. Finally they have filed a draft prospectus for an initial public offering in 2021.

Source: Economic Times

Epiroc prepared for more order records after strong Q2

July 20, 2021

Record orders received, high revenue growth and improved profitability were all part of Epiroc’s June quarter financial results as the OEM also made significant headway on its diesel-to-battery-electric retrofit plan to help electrify the mining sector.

Source: International Mining

Epiroc prepared for more order records after strong Q2

July 20, 2021

Orders received increased 37% to a record high of SEK11.07 billion ($1.27 billion). This corresponds to 45% organic growth compared with the June quarter of 2020, the company said,

Source: International Mining

HDFC bank NBFC arm sees increase in bad loans in 3 months

July 20, 2021

The number of bad loans are on the rise and imposes a major threat to the country. We will be discussing everything about it in this article. To understand everything to the core, we should start from scratch. We assure you that by the end of this article, we will be completely aware of the current problem.

Source: Inventiva

Paytm Payments Bank may soon apply for conversion to Small Finance Bank

July 18, 2021

Paytm Payments Bank, an associate entity of IPO-bound Paytm, may consider applying for conversion into a Small Finance Bank (SFB) on completion of the required time period under law. If the firm is successful in conversion, Paytm Payments Bank will be able to undertake additional banking activities such as lending.

Source: BusinessLine

Paytm Payments Bank may soon apply for conversion to Small Finance Bank

July 18, 2021

Paytm Payments Bank, an associate entity of IPO-bound Paytm, may consider applying for conversion into a Small Finance Bank (SFB) on completion of the required time period under law.

Source: BusinessLine

HDB Financial Services Q1 net profit nosedives on Covid-19 impact

July 17, 2021

HDB Financial Services Ltd (HDBFSL’s), subsidiary of HDFC Bank, posted a sharp drop (43.9 per cent) in net profit at Rs 130.6 crore in the first quarter ended June 2021 (Q1FY22) from Rs 232.7 crore a year ago. The second wave of Covid-19 hit the business volumes and collections in Q1FY22.

Source: Business Standard

HDFC Bank Limited (HDB) Q1 2022 Earnings Call Transcript

July 17, 2021

HDFC Bank Limited Q1 FY '22 Earnings Conference Call on the Financial Results, presented by the management of HDFC Bank.

Source: The Motley Fool

Red herring, red flags: Top 10 takeaways from Paytm’s draft IPO filing

July 16, 2021

The company’s IPO prospectus includes several red flags that every investor, institutional or retail, who plans to participate in the company’s public offer should know about—including run-ins with regulators and investors, a relative of the founder having significant influence on the company, and criminal proceedings and tax cases against Paytm and its directors.

Source: Economic Times

PNB MetLife Insurance announces Rs 532 crore bonus for FY21

July 15, 2021

Private life insurer PNB MetLife India Insurance has announced a bonus of Rs 532 crore for all eligible policyholders of participating products for FY21. This year's bonus amount exceeds the previous year’s bonus by 7 percent.

Source: Moneycontrol.com

Tata Technologies Strengthens Its Board Through The Appointment Of Two New Independent Directors.

July 14, 2021

Tata Technologies, announced the appointment of Mr. Ajoyendra Mukherjee & Ms. Nivruti Rai, as independent members of its Board of Directors.

Source: BW Businessworld

Amicus backed Capital Small Finance Bank initiates IPO process

July 14, 2021

Mid market private equity firm Amicus Capital Partners backed Capital Small Finance Bank has cleared the decks for an initial...

Source: VCCircle

Amicus backed Capital Small Finance Bank initiates IPO process

July 14, 2021

Mid market private equity firm Amicus Capital Partners backed Capital Small Finance Bank has cleared the decks for an initial...

Source: VCCircle

Paytm Money will let you pre-book IPO allotments

July 12, 2021

The upcoming IPO rush is expected to trigger heightened competition among new-age online broking entities.

Source: Economic Times

Buy Suryoday Small Finance Bank, target price Rs 310: ICICI Securities

July 9, 2021

ICICI Securities has buy call on Suryoday Small Finance Bank with a target price of Rs 310. The current market price of Suryoday Small Finance Bank Ltd. is Rs 213.35 Time period given by analyst is one year when Suryoday Small Finance Bank price can reach defined target.

Source: Economic Times

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