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Tag: Finance
SEBI green flags Yatra Online Ltd. for its Rs 750 cr IPO-thumnail

SEBI green flags Yatra Online Ltd. for its Rs 750 cr IPO

Yatra hosts more than 93,500 hotels on its platform across 1,400 cities and towns in the country. It claims to cater to 700 large corporate customers and more than 46,000

Industry

Nov 21, 2022

Five Star Business Finance IPO investors witness a muted listing at 5% discount-thumnail

Five Star Business Finance IPO investors witness a muted listing at 5% discount

Headquartered in Chennai, the company provides secured business loans to micro-entrepreneurs and self-employed individuals, who traditional financing institutions largely exclude. All of its loans are secured by borrowers’ property (SORP

Finance

Nov 21, 2022

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

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

<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

Estee Lauder Cos Inc. agrees to buy U.S. fashion label Tom Ford for $2.8 billion-thumnail

Estee Lauder Cos Inc. agrees to buy U.S. fashion label Tom Ford for $2.8 billion

“Given the strength of Tom Ford Beauty, especially in the most significant long-term growth market of China, we understand the appeal of the deal, but handling the fashion businesses leaves

Industry

Nov 16, 2022

KarmaLife associates with Repute to deliver reasonable financial services-thumnail

KarmaLife associates with Repute to deliver reasonable financial services

KarmaLife is a financial service provider to contract-based workers, which has asserted cooperation with Repute. This partnership will allow KarmaLife to connect to a Human Resource Management System supported by

Finance

Nov 15, 2022

Shaktikanta Das will meet with bankers in concern about the growth of credit stability.-thumnail

Shaktikanta Das will meet with bankers in concern about the growth of credit stability.

RBI Governor Shaktikanta Das will hold a meeting with the public banks to review credit sustainability growth. According to the Times of India, a report provided to bankers may consider

Industry

Nov 15, 2022

Prakash Subramanian joins US-based hedge fund Millennium Capital as CEO for India-thumnail

Prakash Subramanian joins US-based hedge fund Millennium Capital as CEO for India

He is a certified independent director by the Indian Institute of Corporate Affairs (Ministry of Corporate Affairs) and was also the co-chair India UK Financial Partnership Group on GIFT City.

Industry

Nov 14, 2022

Tata Sons moves ahead with plans to merge all its airlines under one entity- Air India-thumnail

Tata Sons moves ahead with plans to merge all its airlines under one entity- Air India

Tata group regained control of Air India after emerging as the winning bidder for the loss-making airline. It had offered a bid of Rs 18,000 crore, which comprised a cash

Automotive

Nov 14, 2022

<strong>According to the company’s founders, Razorpay can go public in a few years without obtaining further financing.</strong>-thumnail

According to the company’s founders, Razorpay can go public in a few years without obtaining further financing.

Razorpay, the winner of the Startup of the Year category at the ET Startup Awards 2022, has already exceeded its annual gross transaction value (GTV) target of $90 billion for

Finance

Nov 14, 2022

<strong>Paytm is ‘on the right track to profitability,’ according to CEO Sharma, as loan disbursements increased 387% in October.</strong>-thumnail

Paytm is ‘on the right track to profitability,’ according to CEO Sharma, as loan disbursements increased 387% in October.

Paytm’s loan disbursement value increased 387% year on year to 3,056 crore, while the number of loans disbursed increased 161%. In a letter to shareholders, Paytm CEO Vijay Shekhar Sharma

Finance

Nov 14, 2022


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