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SoftBank plans to offload $215 Mn worth of shares in fintech major Paytm-thumnail

SoftBank plans to offload $215 Mn worth of shares in fintech major Paytm

SoftBank had cumulatively invested around $2.2 billion in these three companies (Paytm, Policybazaar, and Delhivery) and offloaded shares worth $560 million at their initial public offerings (IPO). This means that

Finance

Nov 17, 2022

Axis banks’ 1.5% stake sale garners Rs. 3,839 crores to the government-thumnail

Axis banks’ 1.5% stake sale garners Rs. 3,839 crores to the government

The disinvestment proceeds mopped up so far this fiscal increased to Rs 28,383 crore. The budget target from disinvestment in the current fiscal (Apr-March) is pegged at Rs 65,000 crore.

Finance

Nov 17, 2022

Fairfax Planning Bengaluru Airports’ IPO at $3.7 billion valuation next year-thumnail

Fairfax Planning Bengaluru Airports’ IPO at $3.7 billion valuation next year

Launched in 2008, BLR Airport has been visited by more than 250 million passengers as of June this year. The airport serves 61 domestic and 14 international destinations, the website

Enterprise Service

Nov 17, 2022

Blackstone to acquire a majority stake of 52% in R systems for $359 million-thumnail

Blackstone to acquire a majority stake of 52% in R systems for $359 million

R Systems, founded in 1993 by Rekhi, specializes in digital information technology services, specializing in product engineering, and serves over 250 customers in the technology, media, telecom, and financial services

Industry

Nov 17, 2022

<strong>Singapore state investor Temasek Holdings writes down its investment of $275 Mn in FTX</strong>-thumnail

Singapore state investor Temasek Holdings writes down its investment of $275 Mn in FTX

Temasek said it had invested $210 million for a minority stake of about 1 percent in FTX International, and $65 million for a minority stake of about 1.5 percent in

Education

Nov 17, 2022

Snacks company Bikaji Foods’ IPO lists at 7.6% on bourses this Wednesday-thumnail

Snacks company Bikaji Foods’ IPO lists at 7.6% on bourses this Wednesday

“At P/E (price to earnings) valuation of 95.2, the stock looks expensive. Therefore, we advise investors to lock in listing gains, and only aggressive investors should consider making a long-term

Industry

Nov 16, 2022

Google Appstore introduces UPI Autopay as a payment option for subscription-purchase-thumnail

Google Appstore introduces UPI Autopay as a payment option for subscription-purchase

With the introduction of UPI Autopay on the platform, the company aims to extend the convenience of UPI to subscription-based purchases, as well as enable local developers to grow their

Education

Nov 16, 2022

Amazon India launches SEND its cross-border logistics platform for Indian exporters-thumnail

Amazon India launches SEND its cross-border logistics platform for Indian exporters

Amazon plans to expand SEND to additional destinations and shipping modes soon. Services offered under this new vertical will include information about multiple carriers, negotiating rates and service levels, compliance

Industry

Nov 16, 2022

Elon Musk’s SpaceX valued $150 billion in the latest funding round-thumnail

Elon Musk’s SpaceX valued $150 billion in the latest funding round

SpaceX dominates the market for commercial space launch. The company sends payload to orbit for private sector customers, the National Aeronautics and Space Administration, and other government agencies. It also

Industry

Nov 16, 2022

Global Health, parent company of medanta soars 19% on IPO debut on wednesday-thumnail

Global Health, parent company of medanta soars 19% on IPO debut on wednesday

“The issuer has good patient volumes and cost efficiency and its financial profile also shows an increasing trend. The issue is fairly priced at a P/E (price to earnings ratio)

Healthcare

Nov 16, 2022

BeatO digital solution provider for diabetes raises $33 Mn in series B funding-thumnail

BeatO digital solution provider for diabetes raises $33 Mn in series B funding

The fresh funds will be utilized to expand BeatO’s diabetes care programs pan-India, invest in strengthening the leadership team, and to further invest in its product and technology, the startup

Industry

Nov 16, 2022

India Hosts Lead IT Summit associating with Sweden at COP 27-thumnail

India Hosts Lead IT Summit associating with Sweden at COP 27

India and Sweden shared a platform and exchanged upcoming ideas at LeadIT Summit at COP 27. The Union Minister for Environment Forst and Climate Change, Bhupender Yadav mentioned that the

Enterprise Service

Nov 16, 2022


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