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Can Chennai Super Kings be cricket’s Manchester United?

Oct. 25, 2021

Chennai Super Kings (CSK) is now valued at more than $900 million, on course to become the first sports unicorn from India.

Source: Times of India

Paytm, Infosys, MakeMyTrip Offers To Help India With COVID-19 Vaccine Bookings

Oct. 25, 2021

According to the head of the government’s tech platform, Paytm, Infosys, and MakeMyTrip are seeking authorization in India to enable online COVID-19 vaccination bookings while the country is trying to make bookings slots for the vaccination easier for its enormous population.

Source: Inventiva

Storyboard | Bira 91 founder CEO Ankur Jain: We don’t engage in surrogate advertising

Oct. 23, 2021

Indian beer maker Bira 91 launched its first 360-degree campaign – ‘Make Play with Flavors’, recently.

Source: Moneycontrol.com

Private Oil Refiners To Work With State-Run Peers For Cheaper Oil Imports

Oct. 23, 2021

India is the world's third-largest oil importer and consumer, reliant on imports for about 85 per cent of its crude and buying most of that from Middle East producers. Private companies including Reliance Industries, and Nayara Energy, partly owned by Russian oil major Rosneft, control about 40 per cent of India's 5 million barrel per day (bpd) refining capacity.

Source: NDTV Profit

Storyboard | Bira 91 founder CEO Ankur Jain: We don’t engage in surrogate advertising

Oct. 23, 2021

Indian beer maker Bira 91 launched its first-ever 360-degree campaign – 'Make Play with Flavors', recently. As the company scales up its portfolio of flavours across the country, Ankur Jain, founder and CEO of Bira 91,

Source: Moneycontrol.com

HDB Financial Services names Former Sun Pharma exec Ranjan Revandkar as CISO - Elets CIO

Oct. 23, 2021

HDB Financial Services, a Non-Banking Financial Company and a subsidiary company of HDFC Bank, has named Ranjan Revandkar as its new Chief Information Security Officer.

Source: Elets

Paytm gets SEBI nod for IPO, to list in November

Oct. 22, 2021

Paytm’s mega public listing proposal has received a nod from the Securities and Exchange Board of India (SEBI) for its Rs 16,600 crore initial public offering (IPO), according to two people privy to the matter. SoftBank and Alibaba’s Ant Financial-backed One97 Communications, the parent company of fintech platform Paytm, is planning for a mid-November listing, the two persons confirmed.

Source: VCCircle

Reliance Retail Q2 results: Net profit jumps 74% to Rs 1,695 cr

Oct. 22, 2021

Reliance Retail, the retail arm of oil-to-telecom behemoth Reliance Industries, posted an 18 percent increase in its revenue at Rs 45,426 crore for the quarter ended September 2021 as compared to Rs 38,547 crore logged in the previous quarter.

Source: Economic Times

Mineral Oil-based Transformer Oil Market Future Growth Prospects, Emerging Solutions – Global Forecast 2021-2026 – Puck77

Oct. 21, 2021

The report provides revenue forecasts for global, regional and country levels. It also provides comprehensive coverage on major industry drivers, restraints, and their impact on market growth during the forecast period. Key Competitors of the Global Mineral are Cargill, Engen Petroleum, Valvoline (Ashland), Zibo Qinrun, San Joaquin Refining, Gandhar Oil Refinery

Source: Puck77

RBI imposes a ₹1 crore penalty on Paytm Payments Bank for providing false information

Oct. 21, 2021

Paytm was fined under India’s primary law for payments which arguably needs to be reassessed, according to a report.

Source: MediaNama.com

Sun Pharma information security head Ranjan Revandkar joins HDB Financial Services as CISO

Oct. 21, 2021

Ranjan Revandkar has left Sun Pharma to take a position as Chief Information Security Officer at HDB Financial Services. HDB Financial Services is a non-bank financial institution that provides financial services to both individuals and businesses. HDB Financial Services Limited is a subsidiary of HDFC Bank with about 1400 branches.

Source: Tech Observer

Titan and DMart’s performance hints towards a strong growth for Reliance Retail

Oct. 21, 2021

Reliance Industries is expected to showcase a positive business growth in the July to September quarter, majorly relying on its oil-to-chemical and telecom businesses. The Indian conglomerate’s retail business is expected to fare well too, especially given the performance of competitors DMart and Titan between July and September.

Source: Business Insider India

Tata Power, IRCTC among 10 stocks under NSE's F&O ban list for today

Oct. 21, 2021

As many as ten stocks/securities have been put under the futures and options (F&O) ban for trade by the National Stock Exchange (NSE) on Thursday, October 21, 2021. These securities are banned under the F&O segment as they have crossed 95% of the market-wide position limit (MWPL), as per the NSE.

Source: Mint

Shriram Transport, Hero FinCorp plan to raise $600 mn overseas

Oct. 20, 2021

Shriram Transport, Hero FinCorp plan to raise $600 mn overseas

Source: Economic Times

Bira 91 rolls out its first 360-degree campaign 'Make Play with Flavors'

Oct. 20, 2021

Beer company Bira 91 has rolled out its first 360-degree campaign, ‘Make Play with Flavors’.

Source: The Financial Express

Shriram Transport, Hero FinCorp plan to raise $600 mn overseas

Oct. 20, 2021

Shriram Transport NSE 0.40 % Finance and Hero FinCorp (HFCL) are planning to raise up to $600 million through a syndicated offshore loan on increasing demand in the logistics space, three people familiar with the matter told ET.

Source: Economic Times

HDFC Securities gives buy tag to this multibagger stock despite 120% rise in 2021

Oct. 20, 2021

IIFL Securities shares are one of the multibagger stocks in 2021 as IIFL Securities share price has risen from ₹47.70 per share levels to ₹102.70 apiece levels (at 2:36 PM today on NSE), yielding around 120 per cent return to its shareholders. However, HDFC Securities still see gain up to 30 per cent in this stock in next two quarters.

Source: Mint

Rosneft launches petrochemical production program in India — CEO

Oct. 20, 2021

Rosneft has launched a large-scale petrochemical production development program in India with investments about $750 mln at the currently implemented stage also purchased a stake in Nayara Energy in 2017.

Source: TASS

Ranjan Revandkar joins HDB Financial Services as CISO

Oct. 20, 2021

Ranjan Revandkar joins HDB Financial Services as CISO

Source: ETCIO.com

Shriram Transport, Hero FinCorp plan to raise $600 mn overseas

Oct. 20, 2021

Shriram Transport, Hero FinCorp plan to raise $600 mn overseas

Source: Economic Times

Reliance Retail Ventures buys 52 per cent stake in designer Ritu Kumar's firm

Oct. 19, 2021

Despite a challenging year, due to the government-enforced restrictions in the wake of the COVID-19 pandemic, the company opened 1,456 new stores and generated over 65,000 jobs for the year, it said in its earnings release.

Source: United News of India

Reliance Retail to buy 52% stake in Ritu Kumar's company

Oct. 19, 2021

Reliance Retail Ventures Ltd (RRVL) has acquired a 52 per cent stake in veteran couturier Ritu Kumar's firm Ritika Pvt Ltd for an undisclosed amount.

Source: Deccan Herald

Sebi clears PolicyBazaar IPO; M2P in talks with New York VC fund

Oct. 19, 2021

Sebi has approved the IPO of PolicyBazaar's parent company PB Fintech, sources told us late yesterday evening. They added that the company, which is seeking to raise Rs 6,017 crore, could look to go public around Diwali.

Source: Economic Times

Utkarsh Small Finance Bank commences its operations in Tamil Nadu, Opens its first branch in Ashok Nagar, Chennai

Oct. 19, 2021

Utkarsh Small Finance Bank commences its operations in Tamil Nadu, Opens its first branch in Ashok Nagar, Chennai

Source: ANI News

Global Mattress Market- Featuring Dabur India Ltd., Casper Sleep Inc., King Koil Licensing Co. Inc., Kingsdown Inc., Kurlon Enterprise Ltd., Among Others

Oct. 19, 2021

The report on the mattress market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis.

Source: Business Wire

Paytm sets aside Rs 100 crore for campaigns during festive season to drive financial inclusion

Oct. 19, 2021

Paytm has announced that the company and its partners will allocate Rs 100 crore for marketing activities during the festive season. These campaigns will be aligned to promote digital payments in India and educate users about Paytm UPI.

Source: ETBrandEquity.com

Domestic equity barometers ended with minor cuts; Sensex loses 50 points & Nifty ends at 18,419

Oct. 19, 2021

After a solid opening in the morning and hitting another record intraday highs, the domestic equity markets snapped the gains and closed lower on Tuesday, October 19, 2021. The S&P BSE Sensex erased all its gains to end 49.54 points, or 0.08 per cent lower, at 61,716.05. The Nifty 50 fell 58.30 points, or 0.32 per cent, to 18,418.75.

Source: The Hans India

Sterlite Power bags Rs 324 crore order for inter-state transmission project

Oct. 18, 2021

Infrastructure developer Sterlite Power today announced it has bagged a Rs 324 crore order for setting up the Nangalbibra.

Source: ETEnergyworld.com

Chennai Super Kings down Kolkata Knight Riders to win fourth IPL title

Oct. 16, 2021

Faf du Plessis smashed an attacking half-century to help Chennai Super Kings thrash Kolkata Knight Riders by 27 runs and clinch their fourth Indian Premier League title. Du Plessis' 86 off 59 balls guided CSK to 192-3, a total their bowlers defended by restricting KKR to 165-9 in the final in Dubai.

Source: Times of India

Paytm asked to pay Rs 25,000 for crediting money into wrong account

Oct. 16, 2021

With 469.84 mn transactions in March it is ahead of the country's largest lender SBI and private lenders such as Yes Bank, ICICI Bank, Axis Bank and HDFC Bank

Source: NewsMeter

Latest News Updates: Chennai Super Kings beat KKR by 27 runs to win fourth IPL title

Oct. 16, 2021

The Yellow Army defeated Eoin Morgan's Kolkata Knight Riders by 27 runs in the grand finale to end their 3-season title drought.

Source: Economic Times

Reliance Retail enters ultra-premium grocery segment

Oct. 16, 2021

Reliance Retail on Thursday forayed into ultra-premium grocery segment in India with the launch of brand ‘’Freshpik’’, offering an exquisite range of food products sourced from select local and international destinations.

Source: DTNext

Reliance Retail Picks Up 40 pc Stakes in Manish Malhotra's Designer Label

Oct. 16, 2021

Reliance Industries Ltd's Reliance Brands Ltd (RBL) and famous designer Manish Malhotra have announced a strategic partnership to acquire a 40 percent stake in Malhotra's MM Styles Pvt Ltd. This is the first external investment for Manish Malhotra's brand, which has been privately held by the designer so far. The designer would continue to lead the company as the Managing and Creative Director of the brand.

Source: https://www.indianretailer.com/

Reliance Retail launches gourmet store 'Freshpik' in Mumbai; enters ultra-premium grocery space

Oct. 15, 2021

Reliance Retail has launched a new experiential gourmet food store -Freshpik in Mumbai, marking its foray into ultra-premium grocery space in India. The retail arm of Mukesh Ambani-led Reliance Industries Ltd. (RIL), which recently announced the rollout of its premium mall, "Jio World Drive" in Bandra Kurla Complex, Mumbai, will be home to the new store. Freshpik will offer a range of food items comprising fruits and vegetables - with specially curated organic varieties and live microgreens, essential ingredients for international cuisines like Japanese, Italian, Korean, and Thai, breads, ice creams, artisanal cheese, chocolates from local and international producers, and frozen desserts.

Source: Business Today

Mobikwik sees ‘BNPL’ as its fastest growing business segment

Oct. 14, 2021

IPO-bound One Mobikwik Systems (Mobikwik) sees it’s ‘Buy Now Pay Later’ product — which enjoys higher margins — as a major growth driver and it’s fastest growing business segment in the days to come, said Co-founder Upasana Taku.

Source: BusinessLine

MobiKwik turns unicorn ahead of IPO

Oct. 14, 2021

IPO-bound fintech firm Mobikwik has turned unicorn after a recent secondary ESOP sale round led by former Blackstone India head Mathew Cyriac

Source: ETCIO.com

HDFC securities gives 'buy' tag to this multibagger stock despite 350% rise in 6 months

Oct. 14, 2021

Multibagger stock: HDFC Securities says that Globus Spirits has reported EBITDA margin expansion over past 6 consecutive quarters, with it reaching a high of 26.5 per cent in Q1FY22

Source: Mint

Reliance Retail close to signing up as Gap Franchisee in India

Oct. 13, 2021

Reliance Retail is closing in as the new India franchisee of US fashion brand Gap Inc., two people familiar with the development, said. Reliance has been in talks with Gap for months and had lately emerged the front-runner to clinch the deal ahead of Myntra that was also in talks with the American fashion apparel brand.

Source: Economic Times

Meet the man behind InCred's success

Oct. 13, 2021

InCred is one of the fastest growing Financial Services groups in India. The group was founded by 46-year-old Bhupinder Singh whose journey from small town Bhopal to IIM Ahmedabad, to leading successful multi-billion-dollar global businesses for Deutsche Bank and then establishing InCred has been nothing short of a dream run.

Source: Fortune India

For Ixigo, IPO is the best option, cofounder Aloke Bajpai says

Oct. 13, 2021

For travel portal ixigo, going public is the best option as it not only gives exits to investors but also allows customers and other stakeholders to hold shares in the company and grow with it, cofounder Aloke Bajpai told ET in an interview.

Source: Economic Times

Ring Gear Market Size, Growth and Key Companies – Luthra Industrial, Amtek Group, Sonnax, ATP Automotive, Ring Plus Aqua, FW Thornton, Vogel Manufacturing – Otterbein 360

Oct. 12, 2021

The research study offers an accurate estimate of the Ring Gear Market forecast up to 2028. The report also includes a comprehensive analysis of the competitive landscape with a complete profile of major competitors.

Source: Otterbein 360

Paytm brings Digilocker to its Mini App Store — now access all your documents digitally

Oct. 12, 2021

DigiLocker is a secure cloud-based platform provided by the Ministry of Electronics and Information Technology, Government of India under its Digital India initiative Paytm becomes one of the first consumer app to bring the entire Digilocker functionality to consumers via its own app DigiLocker Mini App on Paytm offers users one-click access to access all government records from Digilocker even when users are offline or in a low connectivity zone

Source: APN News

HDFC Securities says trading app issue resolved

Oct. 11, 2021

or the second day today, account holders of HDFC Securities faced technical issues with mobile trading app of the brokerage. Investors complained over the disabling of a key feature, portfolio performance, on the app. The same problem was reported on Friday as well. Later on in the day, a spokesperson from HDFC Securities said the issue has now been resolved.

Source: Economic Times

EV charging stations, CNG outlet at petrol pumps before petrol sales: Govt

Oct. 10, 2021

India's new liberalised petrol pump licensing norms allow setting up of EV charging stations and CNG outlets even before the start of petrol and diesel sales, the government has stated.

Source: ETEnergyworld.com

2021 IPL Grand Final – Chennai Super Kings vs Kolkata Knight Riders Preview & Prediction

Oct. 10, 2021

Chennai Super Kings may have finished second behind Delhi Capitals in the league stage, but victory over Rishabh Pant’s side in the first qualifier saw Chennai book their place in the 2021 final, their ninth in IPL history.

Source: The Stats Zone

Fosun Gets 6X Return After Selling Majority Of Its Stake In ixigo To GIC & Invesco

Oct. 8, 2021

Fosun had invested close to $5 Mn in ixigo in 2017 and had 3.69% stake in the company and sold 3.19% to Invesco and GIC. Sources aware of the deal informed Inc42 that Fosun received $30 Mn as return of investment after selling majority of its stake in ixigo to Invesco and GIC.

Source: Inc42 Media

Paytm's 'Navratri Gold' Scheme Offers Gold On Booking LPG Cylinders Amid Price Hike

Oct. 8, 2021

Paytm Navratri Gold Offer: Paytm has launched 'Navratri Gold' offer (Navratri 2021) for booking LPG cylinders. In this offer, customers will get a chance to win gold worth Rs 10,001.

Source: ABP Live

Capgemini says nearly half the world will be using cryptocurrencies to send money in the next two years — a re

Oct. 8, 2021

A new report by Capgemini estimates that around 45% of users will be using cryptocurrencies to make payments by 2023.

Source: Business Insider India

SATYA MicroCapital appoints Former Executive Director of RBI, Deepali Pant Rajeev Joshi as Independent...

Oct. 7, 2021

SATYA MicroCapital appoints Former Executive Director of RBI, Deepali Pant Rajeev Joshi as Independent...

Source: Lokmat

Reliance Retail to run 7-Eleven convenience stores in India

Oct. 7, 2021

Reliance Retail Ventures Limited (RRVL) on Thursday said it has entered into a Master Franchise agreement with 7-Eleven to run convenience stores in India. The first 7-Eleven store is set to open on Saturday, in Andheri East, Mumbai, RRVL, the retail arm of Reliance Industries Ltd, said.

Source: ETRetail.com

SATYA MicroCapital appoints Former Executive Director of RBI, Deepali Pant Rajeev Joshi as Independent Director

Oct. 7, 2021

SATYA MicroCapital appoints Former Executive Director of RBI, Deepali Pant Rajeev Joshi as

Source: ANI News

Exclusive | Invesco bets on IPO-bound ixigo, buys part stake held by China’s Fosun

Oct. 7, 2021

US asset manager Invesco has acquired a substantial portion of the stake held by China’s Fosun Group in AI-based travel app ixigo

Source: Moneycontrol

SATYA MicroCapital appoints Former Executive Director of RBI, Deepali Pant Rajeev Joshi as Independent Director

Oct. 7, 2021

SATYA MicroCapital appoints Former Executive Director of RBI, Deepali Pant Rajeev Joshi as Independent Director

Source: ANI News

Exclusive | Invesco bets on IPO-bound ixigo, buys part stake held by China’s Fosun

Oct. 7, 2021

US asset manager Invesco has acquired a substantial portion of the stake held by China’s Fosun Group in AI-based travel app ixigo,

Source: Moneycontrol

MPL, Paytm First Games go offline in Karnataka following law banning online gaming

Oct. 6, 2021

Major real-money gaming platforms like Mobile Premier League, Paytm First Games and RummyCircle have suspended their services for users in Karnataka after state legislation prohibiting money wagering and betting was enacted on Tuesday.

Source: Entrackr

Fino Paytech unlisted shares rise 20% after nod to its payments bank IPO

Oct. 6, 2021

The unofficial market for unlisted shares is going gung ho on the shares of the holding company of Fino Payments Bank after capital markets regulator Sebi gave its go ahead to the lender's plan for an initial public offering (IPO).

Source: Economic Times

BSE, NSE To Conduct Muhurat Trading Session On November 4 This Year

Oct. 5, 2021

The Muhurat trading session on the day of Diwali will be conducted on Thursday, November 4, 2021 at 18:15 PM and will end on 19:15 PM.

Source: BW Businessworld

Tata Technologies bags business worth $100 million for embedded electronics and EVs

Oct. 5, 2021

Tata Technologies seeing demand for its embedded tech expertise and is working with automakers (4Ws & 2Ws) from India, China, Japan and Sweden. A significant portion of the new business is believed to have come from the EV segment.

Source: Autocar Professional

Rakesh Jhunjhunwala portfolio: HDFC Securities give 'buy' tag to this bank share

Oct. 4, 2021

Multi Commodity Exchange Of India (MCX) has a near monopoly in commodity exchange business. Though, the exchange has been facing headwinds since past few years due to Covid-19 lockdown, crude impact, subdued trend in gold prices and market regulator SEBI’s new margin rules.

Source: Mint

HDFC Bank, HDFC Securities invest $1 million in Stockal

Oct. 1, 2021

New Delhi: HDFC Bank and HDFC Securities have invested $1 million in Stockal, owned by US-based Borderless Investing Inc. Stockal is one of India’s largest global investment platforms.

Source: Economic Times

BVG India files draft papers for IPO

Oct. 1, 2021

BVG India, backed by UK private equity major 3i Group, has filed its draft red herring prospectus (DRHP) with market regulator Securities and Exchange Board of India (Sebi) to raise funds via IPO.

Source: Economic Times

T Rowe Price MFs mark up Paytm valuation by 16% ahead of IPO

Oct. 1, 2021

Mutual funds managed by US-based investment management firm T Rowe Price have marked up fintech unicorn Paytm's shares by over 16% from the original acquired price, according to filings

Source: Economic Times

Lava International plans to raise Rs 1400-1500 Cr via IPO

Oct. 1, 2021

The Homegrown company Lava International is planning to raise Rs 1,400-1,500 crore via an IPO

Source: Times Now

PNB MetLife launches its integrated ad campaign titled ‘Karo Bade Sapno Ki Tayyari’

Oct. 1, 2021

MetLife has collaborated with its agency partner L&K Saatchi & Saatchi to launch its latest integrated ad campaign titled ‘Karo Bade Sapno Ki Tayyari’.

Source: The Financial Express

Paytm to induct KPMG partner Rajendra Nalam in senior leadership

Sept. 30, 2021

IPO-bound One97 Communications Ltd., which owns brand Paytm, is roping in former KPMG partner, Rajendra Nalam as senior vice president of its corporate finance function, two individuals aware of the discussions told Mint.

Source: Mint

Suryoday Small Finance Bank to discontinue ATM banking services from October 1

Sept. 29, 2021

Suryoday Small Finance Bank on Tuesday said it has decided to discontinue ATM banking services from October 1, 2021, due to the digital banking initiation program. However, Maharashtra-based bank's ATM and debit cards will be accessible at other bank ATMs.

Source: CNBCTV18

Lava International files draft papers with Sebi for IPO

Sept. 29, 2021

The company's IPO comprises of fresh issue of equity shares aggregating up to Rs 500 crore and an offer for sale (OFS) for up to 4,37,27,603 shares, as per the draft red herring prospectus filed by it. The company's shares will be listed on BSE and NSE.

Source: Business Today

Suryoday Bank decides to shut down own ATMs, the first domestic lender to do so

Sept. 29, 2021

Suryoday Small Finance Bank has decided to close down its 26 automated teller machines, giving customers the option to use their debit cards on ATMs of other banks, becoming the first domestic lender to completely do away with such machines.

Source: Economic Times

Reliance Retail ventures into online cosmetics business ahead of Nykaa’s IPO

Sept. 27, 2021

Reliance Retail plans to start an online marketplace as well as a chain of offline stores to sell personal care and cosmetics products, according to report in a business daily. The venture has the potential to disrupt the personal care and cosmetics products market, experts say.

Source: Moneycontrol.com

THESE 5 banks offer 7% interest rate on savings accounts

Sept. 25, 2021

Suryoday Small Finance Bank offers fixed deposit schemes with attractive interest rates to both regular citizens and senior citizens. The bank requires a minimum deposit amount of Rs 1000 and thereafter in multiples of Rs. 1/- to open a fixed deposit account for a maturity period ranging from 7 days to 10 years. Suryoday SFB offers multiple benefits on its fixed deposit schemes such as cumulative/re-investment plans, auto-renewing of FD, premature withdrawal option, additional interest rate for senior citizens, and so on.

Source: Zee News

Paytm's founder Vijay Shekhar Sharma to get ESOPs for first time ahead of IPO

Sept. 24, 2021

PO-bound Paytm's founder and CEO Vijay Shekhar Sharma will get employee stock options for the first time as a reward to drive the company into a leadership position in the digital payments and financial services space, according to sources.

Source: Mint

How ixigo-backed startup gogoBus organised intercity bus travel clocking 14 lakh km across 35 cities

Sept. 23, 2021

gogoBus has built a transportation-as-a-service (TaaS) platform that streamlines intercity bus travel from demand visibility to seat bookings to route tracking to in-bus services and more. The startup has served 30,000 passengers in 6,500 trips since January 2020.

Source: YourStory

Reliance Retail to soon start selling cosmetics online

Sept. 23, 2021

ET had reported last week that Reliance’s unit, Reliance Retail, is also finalising plans to launch a new ecommerce platform exclusively to sell beauty and cosmetics products.

Source: Economic Times

How ixigo-backed startup gogoBus organised intercity bus travel clocking 14 lakh km across 35 cities

Sept. 23, 2021

gogoBus has built a transportation-as-a-service (TaaS) platform that streamlines intercity bus travel from demand visibility to seat bookings to route tracking to in-bus services and more.

Source: YourStory

BS READS: How Chennai Super Kings became an investors treasure

Sept. 22, 2021

The team owner's share price has more than doubled in the past few months and quadrupled in the past two years. It is the only sports team in the country to have its shares in the grey market.

Chennai Super Kings back on investor radar as shares rise

Sept. 22, 2021

Indian Premier League franchise Chennai Super Kings (CSK) is said to be making a comeback to the investor radar, even as the 14th edition of the cricket league is underway despite the pandemic. CSK’s unlisted shares are trading at Rs 75-80 apiece in the unofficial market.

Source: Economic Times

As Much-Anticipated IPO Nears Paytm Grey Market Shares Trade At INR 2,850

Sept. 22, 2021

The share price of IPO-bound Paytm in the grey market has witnessed a minor correction over the past week and it is currently in the range of INR 2,850-2,860 per share. The fintech major expects a valuation of $25 Bn - $30 Bn

Source: Inc42 Media

How MSMEs can migrate to BSE or NSE mainboard from SME platform BSE SME or NSE Emerge

Sept. 22, 2021

Credit and Finance for MSMEs: According to the latest BSE SME data, SMEs listed so far have raised Rs 3,630 crore and have a combined market cap of Rs 36,005 crore. There are 231 companies listed currently with a market cap of Rs 13,410 crore.

Source: The Financial Express

Reliance Retail's two-pronged strategy to enter a highly competitive e-commerce biz

Sept. 22, 2021

Reliance Retail is foraying into the intensely competitive online retailing of multi-brand beauty and cosmetics business, taking on Nykaa, Myntra and Tata’s proposed similar e-commerce business, multiple people familiar with the development said.

Source: Economic Times

MobiKwik IPO to create seven crorepati executives

Sept. 21, 2021

The initial public offering (IPO) of digital payments firm MobiKwik will create seven crorepati employees with a net worth of at least Rs 10 crore ($1.3 million) each, the company said on Tuesday. The company added that, besides them, 128 employees will become millionaires in rupee terms.

Source: VCCircle

Vedanta subsidiary ESL wins Nadidih iron ore block

Sept. 21, 2021

Electrosteel Limited (ESL), a subsidiary of Vedanta Resources, has successfully bid for the Nadidih iron ore block (BICO) by offering a premium of 95.6 per cent.

Source: The New Indian Express

NSE Colo Scam: SEBI Imposes Rs2 Lakh Penalty on Excel Stock Broking's Promoter, System Administrator

Sept. 21, 2021

The Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs1 lakh each on the promoter-director and system administrator of Kolkata-based Excel Stock Broking Pvt Ltd for violating the provisions about the access to secondary servers of the National Stock Exchange (NSE)’s co-location (Colo) facility.

Source: Moneylife

HDFC Bank to launch co-branded credit cards with Paytm

Sept. 21, 2021

HDFC Bank will launch co-branded credit cards along with Paytm. This marks the first aggressive alliance struck by the lender after Reserve Bank of India lifted the ban imposed last year on the bank barring it from issuing credit cards because of recurring glitches to its backend platform.

Source: Telegraph India

IPO-Bound MobiKwik Expects Big Returns For Employees With 7% Shares Reserved For ESOPs

Sept. 21, 2021

The startup was last valued at $700 Mn after it raised $20 Mn (INR 150 Cr) in June from Abu Dhabi Investment Authority (ADIA) Post the last funding in June 2021, MobiKwik’s employees witnessed a 600% gain on average on their ESOPs.

Source: Inc42 Media

NSE Colo Scam: SEBI Imposes Rs2 Lakh Penalty on Excel Stock Broking's Promoter, System Administrator

Sept. 21, 2021

The Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs1 lakh each on the promoter-director and system administrator of Kolkata-based Excel Stock Broking Pvt Ltd for violating the provisions about the access to secondary servers of the National Stock Exchange (NSE)’s co-location (Colo) facility.

Source: Moneylife

What is the Evergrande debt crisis and why does it matter for the global economy?

Sept. 21, 2021

Evergrande, now the world’s most indebted real estate company, is on the brink of collapse and the news sent global markets tumbling during trading on Monday. The company has warned investors that it could default on its debts and ratings agency Fitch has said that default ‘appears probable’ while Moody’s, has said ‘Evergrande is out of cash and time’.

Source: World Economic Forum

IPO-bound Paytm employees add 5.45 lakh more shares for monetisation

Sept. 21, 2021

As per a regulatory filing by One97 Communications (OCL), about 20 more employees have converted their ESOPs into a total of 5,45,735 shares.

Source: Economic Times

Arohan Financial looks to expand its footprint in newer markets

Sept. 20, 2021

Arohan Financial Services Ltd, which has been witnessing a steady improvement in disbursements and collections in the second quarter of this fiscal over Q1,

Source: BusinessLine

Capgemini : and McDonald's extend strategic provider agreement to develop, deploy and maintain McDonald's digital and restaurant technology

Sept. 20, 2021

Capgemini announced that it has signed a multi-year extension to its IT strategic provider agreement with McDonald's Corporation. Through this agreement, Capgemini will continue to develop, deploy, and maintain certain digital, e-commerce, and restaurant technology solutions that power consumer engagement across channels such as kiosk, Point of Sale (POS), web, global mobile application, drive thru and home delivery.

Source: Marketscreener.com

ESL Steel bags Nadidih iron ore block in Odisha

Sept. 20, 2021

ESL Steel Ltd has won the Nadidih iron ore block (BICO) at a premium of 95.6%, said an official on Monday. The mines is located in Koira area of Sundargarh. The entire leasehold area of 73.855 Ha has been explored up to G2 level of exploration.

Source: Update Odisha

Satya MicroCapital raises ₹50 Crore in Debt Funding

Sept. 19, 2021

Satya MicroCapital Limited (Satya) has raised ₹50 Crore in debt funding. The company raised the funds by issuing Non-Convertible Debentures (NCDs) to Mauritius based Aviator Global Investment Fund jointly with Northern Arc Capital (formerly IFMR Capital) for a period of 3 years.

SMC Global Power offers $150M securities

Sept. 17, 2021

SMC Global Power Holdings Corp. issued additional securities amounting to $150 million to bankroll its investments in a gas power project.

Source: The Manila Times

Paytm: Can convert ESOPs till Sept 22

Sept. 17, 2021

Paytm’s parent firm, One97 Communications, has sent out an email to its staff asking whether they are interested in converting their ESOPs (Employee Stock Option Plan) into shares ahead of the company’s planned ₹16,600 crore-IPO, according to informed sources. The deadline is September 27 for ‘Designated Persons’ and September 22 for Key Management Personnel and selling shareholders. As per a ROC filing, 200 Paytm employees have converted their ESOPs into shares.

Source: BusinessLine

SBI cuts home loan interest rate to 6.7%, waives processing fees

Sept. 16, 2021

The offers are aimed to make home loans more affordable in the festive season. In a first-of-its-kind initiative, SBI offers credit score linked home loans at just 6.70%, irrespective of the loan amount.

Source: Business Standard

Sensex jumps 476 pts to end at 58,723; Nifty gains139 pts to 17,519

Sept. 15, 2021

The Nifty at the National Stock Exchange added 139 points, or 0.8 percent, to an all time high of 17,519.

Source: All India Radio

IRCTC, Vodafone Idea among 8 stocks under F&O ban on NSE today

Sept. 15, 2021

As many as eight stocks/securities have been put under the futures and options (F&O) ban by the National Stock Exchange (NSE) on Wednesday, September 15, 2021. These securities are banned under the F&O segment as they have crossed 95% of the market-wide position limit (MWPL), as per the NSE.

Source: Mint

Skin Lightening Products Market to Witness Robust Expansion throughout the Forecast 2021-2031

Sept. 15, 2021

FMI in its latest study has forecast the market to rise at a CAGR of 12.8% between 2021 and 2031.

Source: Global Banking And Finance Review

Paytm to launch FASTag-based parking service across India, after DMRC facility

Sept. 14, 2021

Paytm will facilitate the processing of all FASTag-based transactions for cars having a valid FASTag sticker.

Source: Mint

Dhadak Kamgar Union chief Abhijeet Rane appointed Sicom Employees Welfare Association (SEWA)'S Union President

Sept. 14, 2021

Dhadak Kamgar Union chief Abhijeet Rane appointed Sicom Employees Welfare Association (SEWA)'S Union President

Source: ANI News

Suryoday Small Finance Bank soars 20% on reports of merger talks

Sept. 13, 2021

Suryoday Small Finance Bank (SSFB) shares soared 20 per cent on Monday to close at ₹179.40 apiece against the previous close of ₹149.50 on BSE on reports that the bank and Clix Group are in the merger talks.

Source: BusinessLine

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