Planify News

Comprehensive, up-to-date news coverage, aggregated from sources all over the world on hot PreIPO, Upcoming IPO's , Growing startups and Delisted stocks in India 𝐰𝐡𝐢𝐜𝐡 𝐚𝐫𝐞 𝐭𝐫𝐚𝐝𝐞𝐚𝐛𝐥𝐞 by Planify News.
  • ED arrests former NSE CEO Ravi Narain in money-laundering case

ED arrests former NSE CEO Ravi Narain in money-laundering case

Sept. 7, 2022

The Enforcement Directorate Tuesday arrested Ravi Narain, the former Managing Director and CEO of the National Stock Exchange (NSE), in connection with a money laundering case related to the alleged illegal phone-tapping of the exchange’s employees

Source: The Indian Express

  • PNB MetLife launches new unit linked insurance plan. Know details | Mint

PNB MetLife launches new unit linked insurance plan. Know details | Mint

Sept. 6, 2022

PNB MetLife has launched a new ULIP plan PNB MetLife Goal Ensuring Multiplier (GEM) that offers customers life insurance coverage and helps them invest methodically with the goal of creating wealth for the future, said the firm.

Source: Mint

  • ESDS Software Solution files draft papers to raise funds via IPO | Mint

ESDS Software Solution files draft papers to raise funds via IPO | Mint

Sept. 3, 2022

ESDS Software Solution Ltd, a Nashik-based cloud services and data centre, has filed draft papers with the Securities Exchange Board of India to raise funds through an initial public offering (IPO). The IPO comprises a fresh issue of equity shares worth Rs322 crore and an offer for sale of up to 21.53 million shares by existing shareholders and promoters.

Source: Mint

  • MobiKwik records Rs 543 crore revenue in FY22, up 80% from last fiscal

MobiKwik records Rs 543 crore revenue in FY22, up 80% from last fiscal

Sept. 2, 2022

MobiKwik said it incurred a cash burn of Rs 72.5 crore for FY22 and that it had turned earnings before interest, taxes, depreciation, and amortization (Ebitda)-positive in the second half of FY22. The company also said the digital financial services vertical constituted 5% of the FY22 consolidated gross merchandise value (GMV) and 20% of the overall revenue.

Source: Economic Times

  • Before its IPO , Sterlite Power Transmission Ltd to issue bonus shares

Before its IPO , Sterlite Power Transmission Ltd to issue bonus shares

Sept. 2, 2022

Sterlite Power Transmission (SPTL), which plans to list on the stock market, announced a bonus issue in the proportion of 1:1 when it disclosed its earnings for the fiscal year 2021–2022. The electricity transmission company's net profit for the fiscal year that ended on March 31, 2022, decreased by 50% to Rs440.14 crore from the prior year. In FY2020–21, it recorded a net profit of Rs869.77 crores. The bottom line of the Vedanta NSE -2.61% Group arm suffered as costs more than doubled throughout the aforementioned time. However, it saw a 150% increase in operating revenue to Rs5,197.48 crore in FY22 from Rs2,092.39 crore the year before. Shares of Sterlite Power Transmission were trading at Rs 1,300 in the unlisted market after the results and bonus issue were announced, compared to Rs900–950 earlier. The stock, whose approval for IPO will expire in December this year, has dropped from Rs1,600–1,650 as a result of the company's inability to begin its initial public offering.

Source: Indiainfoline

  • Medi Assist launches chatbot on WhatsApp to deliver better health insurance experience to 4.4 crore beneficiaries

Medi Assist launches chatbot on WhatsApp to deliver better health insurance experience to 4.4 crore beneficiaries

Sept. 2, 2022

The ChatBot launch is one of Medi Assist’s ways to serve members with a deep regard for their needs, powered with technology. The launch of chatbot on WhatsApp will empower Medi Assist members to get information on their insurance and claims instantly and any time of the day

Source: ThePrint

  • Tamilnad Mercantile Bank IPO opens for subscription on September 5

Tamilnad Mercantile Bank IPO opens for subscription on September 5

Aug. 27, 2022

The initial public offering (IPO) of the Tamilnad Mercantile Bank Ltd will open for subscription on September 5 and close September 7, the latest in the line of companies looking to go public.

Source: Moneycontrol

  • Fincare Small Finance Bank launches Digital Banking Unit – 101 HUB

Fincare Small Finance Bank launches Digital Banking Unit – 101 HUB

Aug. 18, 2022

For providing seamless digital banking experience to customers, RBI has introduced the concept of Digital Banking Unit.

Source: APN News

  • India New Issue-HDB Financial Services to issue over 3-year bonds: traders

India New Issue-HDB Financial Services to issue over 3-year bonds: traders

Aug. 17, 2022

India's HDB Financial Services Ltd plans to raise at least 250 million rupees ($3.15 million) by selling bonds maturing in three years and one month, two merchant bankers said on Wednesday.

Source: ZAWYA

  • Impact is the key: Suresh Kolla, CIO, Care Health Insurance

Impact is the key: Suresh Kolla, CIO, Care Health Insurance

Aug. 17, 2022

In a variety of ways, technology has reshaped art. Suresh Kolla, CIO of Care Health Insurance, believes creativity can also emerge from the technological realm.

Source: ETCIO

  • ixigo in ‘wait and watch mode’ for Rs 1,600-crore IPO

ixigo in ‘wait and watch mode’ for Rs 1,600-crore IPO

Aug. 4, 2022

Online travel aggregator ixigo, which received a regulatory nod for its proposed Rs 1,600-crore IPO in December last year, is still in a ‘wait and watch mode’ for its public market debut even as the start-up reported a 184% y-o-y increase in revenue from operations for the financial year ended March 2022.

Source: The Financial Express

  • SATYA MicroCapital achieves the feat of Rs 3000 crores loan outstanding portfolio

SATYA MicroCapital achieves the feat of Rs 3000 crores loan outstanding portfolio

July 27, 2022

SATYA MicroCapital achieves the feat of Rs 3000 crores loan outstanding portfolio.

Source: ANI News

  • PayMate Integrates Utility Payments Using Credit Cards

PayMate Integrates Utility Payments Using Credit Cards

July 22, 2022

Business-to-business (B2B) payments and services provider PayMate India Limited is launching a new solution on its platform that integrates utility bill payments using Visa and other commercial credit cards enabling customers to pay expenses for landlines, electricity, water, broadband and more.

Source: PYMNTS.com

  • Bira 91 posts Rs 431 Cr revenue in FY21, losses shrink 21%

Bira 91 posts Rs 431 Cr revenue in FY21, losses shrink 21%

July 18, 2022

Bira 91 posted Rs 430.76 crore in operating revenue in the fiscal year ending March 2021, as per its annual financial statements filed recently with the RoC.

Source: Entrackr

  • Will think on IPOs of HDFC Securities, HDB Financial Services after merger with HDFC: HDFC MD

Will think on IPOs of HDFC Securities, HDB Financial Services after merger with HDFC: HDFC MD

July 16, 2022

HDFC Bank will be looking at the public listing of its brokerage and non-bank finance company subsidiaries only after its merger with parent HDFC Ltd goes through, a top official said on July 16.

Source: Moneycontrol

  • Fincare Small Finance Bank launches video banking services for customers | Mint

Fincare Small Finance Bank launches video banking services for customers | Mint

July 13, 2022

Fincare Small Finance Bank announced an expansion in its state-of-the-art banking services with the launch of its video banking services for customers.

Source: Mint

  • Reliance Retail in talks to partner UK's Fortnum

Reliance Retail in talks to partner UK's Fortnum

July 13, 2022

Reliance NSE -0.46 % Retail, the retail arm of Reliance Industries, is in talks with London-based luxury gourmet, gifting and hospitality retail chain Fortnum & Mason for an exclusive partnership for India, two executives directly aware of the development said. The British luxury department store chain is known for curated premium foods, wine and spirits, gifting and restaurants, and has a close association with the British royal family.

Source: Economic Times

  • Arohan Financials sheds IPO renewal plan, to raise equity from PE investor

Arohan Financials sheds IPO renewal plan, to raise equity from PE investor

July 12, 2022

Microfinance lender Arohan Financial Services has decided against refiling for an initial public offer (IPO) amid market weakness and is instead in talks with private equity investors to raise nearly Rs 1,900 crore through primary and secondary deals.

Source: Economic Times

  • NSE illegal phone tapping: Sebi, EY India under CBI lens

NSE illegal phone tapping: Sebi, EY India under CBI lens

July 10, 2022

ebi and EY failed to investigate the contract awarded to iSec Services Pvt., which is said to have carried out the snooping, and didn't detect any illegal monitoring of phone lines between 2009 and 2017, said the people cited above

Source: Economic Times

  • G G Automotive Gears standalone net profit rises 19.23% in the June 2022 quarter

G G Automotive Gears standalone net profit rises 19.23% in the June 2022 quarter

July 8, 2022

Net profit of G G Automotive Gears rose 19.23% to Rs 0.31 crore in the quarter ended June 2022 as against Rs 0.26 crore during the previous quarter ended June 2021. Sales rose 72.40% to Rs 16.93 crore in the quarter ended June 2022 as against Rs 9.82 crore during the previous quarter ended June 2021

Source: Business Standard

  • HDB Financial Services loses half its market value in a year

HDB Financial Services loses half its market value in a year

July 4, 2022

The shares of HDB Financial have fallen nearly 50% from the peak of ₹1,200 hit in the early half of 2020; this is largely due to the lagging financial performance and the regulatory overhang

Source: Economic Times

  • Shareholders expect Reliance Industries to unlock value in telecom, retail

Shareholders expect Reliance Industries to unlock value in telecom, retail

July 4, 2022

Institutional shareholders of Reliance Industries Limited (RIL) are expecting big-ticket announcements from the company, including timeline for listing of its telecom and retail subsidiaries. They expect this to unlock value in the company, which has seen a sharp fall in market valuation on Friday.

Source: Business Standard

  • How Mukesh Ambani Is Capturing The World For Daughter Isha

How Mukesh Ambani Is Capturing The World For Daughter Isha

July 4, 2022

While Mukesh Ambani recently stepped down from the board of Reliance Jio to make way for his son Akash’s leadership, the former has been paying extra attention to his daughter’s retail business for some time to ensure that she maintains the lead over her rivals in the industry.

Source: Outlook India

  • Valuation of HDB Financial Services halves in the year gone by

Valuation of HDB Financial Services halves in the year gone by

July 4, 2022

In the previous year, HDB Financial Services' (HDB) market value decreased by 50%, amid weak financial performance. Even while shares of competitors like Bajaj Finance have rebounded from their pandemic lows, shares of HDB are currently trading at roughly Rs625 per share in the private unlisted market, down from Rs1,200 at the pre-pandemic level.

Source: Indiainfoline

  • GKN Automotive launches next-gen inverter with 800V technology

GKN Automotive launches next-gen inverter with 800V technology

July 1, 2022

The upgraded product features a range of efficiency and lightweight improvements to deliver performance and enhanced sustainability. The inverter, one of three modular elements of GKN Automotive’s eDrive platform, offers a 20 per cent power output increase over the previous version. In addition, power density is up by 50 per cent, the power-to-weight ratio rises by 60 per cent, and copper content is reduced by 63 per cent.

Source: The Financial Express

  • Sebi penalises NSE, former chief Chitra Ramkrishna, 16 others in 'dark fibre' case

Sebi penalises NSE, former chief Chitra Ramkrishna, 16 others in 'dark fibre' case

June 30, 2022

The Securities and Exchange Board of India (Sebi) has imposed penalties of Rs 7 crore on the NSE, and Rs 5 crore each on Ramkrishna and Varanasi. It also levied a fine of Rs 5 crore on former NSE group operating officer Anand Subramanian.

Source: The Indian Express

  • Godawari Power and Ispat Ltd acquires 78.96% stake in Alok Ferro Alloys Ltd

Godawari Power and Ispat Ltd acquires 78.96% stake in Alok Ferro Alloys Ltd

June 28, 2022

Godawari Power and Ispat Ltd has acquired 37,79,220 equity shares of Alok Ferro Alloys Limited (AFAL) at a fair value comprising of 78.96% of the paid-up capital of AFAL. Alok Ferro Alloys Limited is a constituent of Hira group of companies. The shares have been acquired at Fair Market Value i.e. Rs.336 per share.

Source: Equity Bulls

  • [Funding alert] SATYA MicroCapital raises $15M led by Japan-based Gojo and Company Inc

[Funding alert] SATYA MicroCapital raises $15M led by Japan-based Gojo and Company Inc

June 24, 2022

Delhi-based Satya MicroCapital, a micro-finance firm focused on underbanked population and micro-enterprises, recently raised fresh funding worth $15 million led by existing Japan-based investor Gojo and Company Inc. Of the total capital raised, debt raise constituted $8 million, while $7 million was allocated to equity.

Source: YourStory

  • Supari Studios curates a campaign ‘Home Team. Home Beer’ for Bira 91's association with Delhi Capitals

Supari Studios curates a campaign ‘Home Team. Home Beer’ for Bira 91's association with Delhi Capitals

June 21, 2022

Bira 91 - a flag bearer in the Indian home-grown beer industry collaborates with Supari Studios for a campaign - Home Team. Home Beer.

Source: afaqs!

  • Resin Report: Fundamental Downward Pressure on Resin Prices

Resin Report: Fundamental Downward Pressure on Resin Prices

June 21, 2022

Prime polyethylene and polypropylene prices surrendered another penny, as processors sought further discounts amid growing domestic stockpiles and declining feedstock monomer markets.

Source: Plastics Today

  • ICL FINCORP - A Towering Presence in NBFC Sector

ICL FINCORP - A Towering Presence in NBFC Sector

June 20, 2022

A leading non-banking finance company (NBFC), whose flawless track record earned the implicit trust and steadfast loyalty of a substantial number of customers, ICL has rolled out policies tailored to suit changing times and the financial sector to emerge as an even bigger player in the marke

Source: The New Indian Express

  • ICL FINCORP providing trustworthy services for over three decades

ICL FINCORP providing trustworthy services for over three decades

June 20, 2022

towering presence in NBFC sector Irinjalakuda - headquartered ICL FINCORP hardly needs an introduction. A leading non-banking finance company (NBFC), whose flawless track record earned the implicit trust and steadfast loyalty of a substantial number of customers, ICL has rolled out policies tailored to suit changing times and the financial sector to emerge as an even bigger player in the market

Source: The Hindu

  • Arohan Financial Services in talks with PE funds to raise capital, says MD

Arohan Financial Services in talks with PE funds to raise capital, says MD

June 20, 2022

Microfinance institution Arohan Financial Services Ltd is in talks with private equity funds to raise capital to support its growth plans, Managing Director Manoj Kumar Nambiar said. Promoted by the Aavishkaar Group, the Kolkata-based MFI is targeting Rs 7,000 crore as funds under management in the current fiscal, including both debt and equity,

Source: Economic Times

  • Reliance Retail, Jio IPO unlikely to be announced in RIL AGM: JPMorgan | Mint

Reliance Retail, Jio IPO unlikely to be announced in RIL AGM: JPMorgan | Mint

June 17, 2022

“RIL’s AGM tends to be announcement-heavy, and expectations run high in the run-up to the AGM (like the last three), and this year they centre on concrete timelines being announced for IPOs of the consumer business,” the brokerage said in a report released on Wednesday. “We do not expect any concrete timelines from this year’s AGM on the consumer businesses IPOs (Jio and Reliance Retail),” it said.

Source: Mint

  • If Digital Is Future, Why Do Online Brands Want Physical Stores?

If Digital Is Future, Why Do Online Brands Want Physical Stores?

June 16, 2022

“Shoppers are present both online and offline and ignoring one platform can result in losing out potential customers,” said Naveen Mahlawat, co-founder and chief executive of MadBow Ventures. “Post the pandemic, consumer behaviour has changed drastically."

Source: BQ Prime

  • Capital Small Finance Bank pays Rs 5.8 lakh to settle case with Sebi

Capital Small Finance Bank pays Rs 5.8 lakh to settle case with Sebi

June 14, 2022

Capital Small Finance Bank has settled with Sebi a case pertaining to alleged violations of regulatory norms during allotment of its equity shares after paying Rs 5.8 lakh towards settlement charges.

Source: The Financial Express

  • Mobikwik Seeks to Raise $100 Million After Deferring Planned IPO

Mobikwik Seeks to Raise $100 Million After Deferring Planned IPO

June 8, 2022

One Mobikwik Systems Ltd. is in talks with investors to raise as much as $100 million in equity to finance business expansion after it deferred an initial public offering, a founder of the company said. The Gurugram-based fintech firm, which turned profitable for the first time in the quarter ending Dec. 31, will use the funds for marketing, hiring people and making acquisitions,

Source: Bloomberg

  • boAt Wave Connect smartwatch with Bluetooth calling launched in India, price starts at Rs 2,499

boAt Wave Connect smartwatch with Bluetooth calling launched in India, price starts at Rs 2,499

June 7, 2022

Indian wearables brand boAt has launched its boAT Wave Connect smartwatch, which comes with Bluetooth calling. The gear goes on sale today on Flipkart.

Source: 91mobiles

  • MadBow Ventures opens 2nd store of in-house brand StreetStyleStalk

MadBow Ventures opens 2nd store of in-house brand StreetStyleStalk

June 4, 2022

E-commerce lifestyle company Madbow Ventures Ltd has now expanded its offline presence with launch of its second store in Gurugram. It is aiming to open eight more stores within the next six months with an initial focus on the Delhi NCR region followed by other regions.

Source: United News of India

  • Taparia Tools Ltd recommends final dividend of Rs. 52.50

Taparia Tools Ltd recommends final dividend of Rs. 52.50

May 31, 2022

The Board of Directors of Taparia Tools Ltd at its meeting held on May 30, 2022, has considered and recommended the Final Dividend @ Rs. 52.50/- (525%) per Equity share of Rs. 10/- each from the Distributable Profit for the Financial Year ended March 31, 2022 , subject to approval of shareholders in AGM.

Source: Equity Bulls

  • PayMate India files for share sale papers with Sebi to raise ₹1,500 crore | Mint

PayMate India files for share sale papers with Sebi to raise ₹1,500 crore | Mint

May 31, 2022

Business-to-business payments and services provider PayMate India has filed its draft prospectus with capital markets regulator, the Securities and Exchange Board of India, to raise ₹1,500 crore via an initial public offering (IPO), the company said.

Source: Mint

  • Elcid Investments consolidated net profit declines 37.25% in the March 2022 quarter

Elcid Investments consolidated net profit declines 37.25% in the March 2022 quarter

May 31, 2022

In the year ending March 2022, net profit increased by 23.43 % to Rs 100.04 crore, up from Rs 81.05 crore the previous year. Sales increased by 25.10 % to Rs 134.78 crore in the fiscal year ending March 2022, compared to Rs 107.74 crore the previous year.

Source: Business Standard

  • INR 1000 Crore worth Skill Loans announced by SATYA MicroCapital Ltd. in association with NSDC

INR 1000 Crore worth Skill Loans announced by SATYA MicroCapital Ltd. in association with NSDC

May 30, 2022

INR 1000 Crore worth Skill Loans announced by SATYA MicroCapital Ltd. in association with NSDC

Source: ANI News

  • ELCID Investments Ltd Board recommends Final Dividend of Rs. 15

ELCID Investments Ltd Board recommends Final Dividend of Rs. 15

May 30, 2022

The Board of Directors of ELCID Investments Ltd at its meeting held on May 30, 2022, has recommended payment of final dividend of Rs. 15 per equity share

Source: Equity Bulls

  • NCDEX launches call center to educate farmers about agricultural derivatives

NCDEX launches call center to educate farmers about agricultural derivatives

May 29, 2022

A media release issued by NCDEX said that the initiative will help farmers and FPOs to access all types of information regarding the exchange functionalities, product-related queries, spot prices, delivery and settlement related queries etc. on a real-time basis.

Source: Economic Times

  • SEBI fines Yashovardhan Birla, 3 others in Birla Cotsyn GDR case

SEBI fines Yashovardhan Birla, 3 others in Birla Cotsyn GDR case

May 25, 2022

Capital markets regulator SEBI on Wednesday imposed a fine totalling Rs 50 lakh on four individuals, including Yashovardhan Birla, in a case related to irregularities in the Global Depository Receipts (GDRs) issuance by Birla Cotsyn (India) Ltd. In its order, the regulator imposed a fine of Rs 20 lakh on PVR Murthy, Rs 10 lakh each on Yashovardhan Birla, YP Trivedi and Mohandas Adige and asked them to pay the penalty within 45 days.

Source: Moneycontrol

  • Sebi withdraws permanent recognition granted to ICEX

Sebi withdraws permanent recognition granted to ICEX

May 19, 2022

The Securities and Exchange Board of India has withdrawn the recognition granted to the Indian Commodity Exchange Limited, vide notification dated May 18, 2022," according to a press release issued by the regulator.

Source: Economic Times

  • Shriram Life Insurance eyes 30% growth in FY23

Shriram Life Insurance eyes 30% growth in FY23

May 18, 2022

Shriram Life Insurance Company Ltd. said it was eyeing 30% growth in business in the current fiscal. The company highlighted thatt it had settled a total of 53,800 claims, including group claims, in FY22 compared with 25,054 the previous year and 27,184 in FY20.

Source: The Hindu

  • We plan to diversify into non-agri, target non-price sensitive commodities: NCDEX chief

We plan to diversify into non-agri, target non-price sensitive commodities: NCDEX chief

May 18, 2022

NCDEX, the country’s largest agriculture derivatives focused exchange, is fast rebuilding investor confidence after the sudden ban of futures trading in seven commodities including wheat, paddy (non-basmati), chana, mustard seeds and their derivatives, soyabean, crude palm oil and moong.

Source: BusinessLine

  • Tamilnad Mercantile Bank net profit rises 36.2%

Tamilnad Mercantile Bank net profit rises 36.2%

May 17, 2022

Tamilnad Mercantile Bank (TMB) has posted a net profit of Rs 821.9 crore for FY 2022, an increase by 36.2% when compared with the corresponding year of FY21.

Source: Times of India

  • Capital Small Finance Bank standalone net profit rises 36.89% in the March 2022 quarter

Capital Small Finance Bank standalone net profit rises 36.89% in the March 2022 quarter

May 14, 2022

For the FY22,net profit rose 53.43% to Rs 62.57 crore in the year ended March 2022 as against Rs 40.78 crore during the previous year ended March 2021. Total Operating Income rose 13.06% to Rs 578.22 crore in the year ended March 2022 as against Rs 511.44 crore during the previous year ended March 2021.

Source: Business Standard

  • Planify To Hire Around 200 Employees

Planify To Hire Around 200 Employees

May 11, 2022

They are looking for fresh and experienced talent from the millennial generation, particularly those between the age group of 25-35 years, with areas of expertise in financial analyst, valuation analyst, Python Developers, Frontend Developers, Android & iOS Developers the statement said.

Source: BW Businessworld

  • Exclusive: Ahead Of INR 1,600 Cr IPO, ixigo CFO Steps Down

Exclusive: Ahead Of INR 1,600 Cr IPO, ixigo CFO Steps Down

May 4, 2022

Rahul Gautam will replace outgoing CFO Ravi Shankar Gupta, who has stepped down due to personal reasons

Source: Inc42 Media

  • Arohan Financial looking to raise ₹150 crore from existing investors

Arohan Financial looking to raise ₹150 crore from existing investors

May 4, 2022

Arohan Financial Services Ltd is looking to raise around ₹150 crore from existing investors even as it will take a call on refiling for initial public offer at its board meeting slated sometime in May.

Source: BusinessLine

  • Tata Technologies offers to set up EV production unit in Punjab

Tata Technologies offers to set up EV production unit in Punjab

May 4, 2022

In a major initiative aimed at giving fillip to industrial development of the state on one hand and opening new vistas of employment for youth on the other, Tata Technologies on Wednesday offered to set up its ambitious electric vehicle (EV) production centre in Punjab.

Source: Business Standard

  • Hero Fincorp standalone net profit declines 61.40% in the March 2022 quarter

Hero Fincorp standalone net profit declines 61.40% in the March 2022 quarter

May 3, 2022

Hero Fincorp's net profit fell 61.40 % to Rs 55.69 crore in the quarter ended March 2022, compared to Rs 144.27 crore in the preceding quarter ended March 2021. In the quarter ended March 2022, sales increased 15.67 % to Rs 1208.78 crore, up from Rs 1045.03 crore in the preceding quarter ended March 2021. For the fiscal year ended March 2022, the net loss was Rs 194.00 crore, compared to a net profit of Rs 70.62 crore in the preceding fiscal year ending March 2021. Sales increased 9.75 percent to Rs 4440.58 crore in the fiscal year ended March 2022, compared to Rs 4045.93 crore in the preceding fiscal year ending March 2021.

Source: Business Standard

  • Mukesh Ambani readies for mega IPOs of Reliance Retail, RJIO

Mukesh Ambani readies for mega IPOs of Reliance Retail, RJIO

April 28, 2022

Mukesh Ambani is gearing up for the launch of two of India’s biggest IPOs by his companies, Reliance Retail Ventures (RRVL) and Reliance Jio Platform (RJPL). Each company is likely to raise ₹50,000-75,000 crore ($6.5 billion to $10 billion) in the stake sale assuming that promoters dilute at least 10 per cent of their holdings.

Source: BusinessLine

  • Fincare Small Finance Bank Hikes Interest Rates On Fixed Deposits (W.e.f. 27th April 2022)

Fincare Small Finance Bank Hikes Interest Rates On Fixed Deposits (W.e.f. 27th April 2022)

April 27, 2022

Fincare Small Finance Bank announced an interest rate rise on fixed deposits of less than Rs 2 crore today, April 27th, 2022. Previously, the bank offered a 6.00 per cent interest rate on deposits maturing in 18 months 1 day to 21 months, but now the rate will be 6.5 per cent, an increase of 50 basis points.

Source: Goodreturns

  • Smaaash To Invest ₹450 Cr In 30 New Stores | Mint

Smaaash To Invest ₹450 Cr In 30 New Stores | Mint

April 27, 2022

The company, which offers sports simulation technology-based games that are popular with children, as well as leisure and recreational activities, will add 600,000 square feet (sq. ft) of entertainment space to reach 1 million sq. ft with the addition of nearly 30 zones by the year-end.

Source: Mint

  • Smaaash will grow from 22 stores to 50 stores in next 6 months: CEO Shirish Kotmire | INTERVIEW

Smaaash will grow from 22 stores to 50 stores in next 6 months: CEO Shirish Kotmire | INTERVIEW

April 26, 2022

We will grow from 22 stores to 50 stores in the next 6 months. It costs us approximately Rs 8-15 crore per center currently, which we are trying to reduce going forward

Source: The Financial Express

  • Luxury goods: With giant mall, Reliance sets sights on next gold rush

Luxury goods: With giant mall, Reliance sets sights on next gold rush

April 26, 2022

Indian tycoon Mukesh Ambani is betting a shopping palace within a $1 billion Mumbai business showcase will tap into surging demand for Western luxury goods, installing his Reliance empire as a portal through which most of the biggest brands must pass.

Source: Economic Times

  • NCDEX Maintains Its Leadership in Agri Derivatives- Clocks three years’ Best Performance

NCDEX Maintains Its Leadership in Agri Derivatives- Clocks three years’ Best Performance

April 24, 2022

NCDEX is a leading, professionally managed, agricultural commodity exchange in India which offers services across the entire post-harvest agricultural commodity value chain.

Source: Krishi Jagran

  • South West Pinnacle bags 3 new contracts worth Rs36.74 crore; stock jumps ~2%

South West Pinnacle bags 3 new contracts worth Rs36.74 crore; stock jumps ~2%

April 22, 2022

South West Pinnacle has received LOI from Hutti Gold Mines Company Ltd. worth Rs. 7.10 crores

Source: Indiainfoline

  • NCDEX average daily turnover jumps 47 per cent despite trading ban on key commodities

NCDEX average daily turnover jumps 47 per cent despite trading ban on key commodities

April 21, 2022

The National Commodity and Derivatives Exchange has reported a 47 per cent increase in average daily turnover at ₹1,857 crore in the financial year ended March 2022 against ₹1,261 crore logged in the previous fiscal.

Source: BusinessLine

  • Reliance Brands acquires 51% stake in couturiers Abu Jani Sandeep Khosla

Reliance Brands acquires 51% stake in couturiers Abu Jani Sandeep Khosla

April 19, 2022

Reliance Brands Limited, a subsidiary of Reliance Retail Ventures Ltd, on Tuesday announced it has signed a definitive agreement to invest in couturiers Abu Jani Sandeep Khosla (AJSK) for a 51 per cent majority stake.

Source: Business Standard

  • HDB Financial Services' FY 2021-22 net profit jumps YoY to Rs. 1011.4 crores

HDB Financial Services' FY 2021-22 net profit jumps YoY to Rs. 1011.4 crores

April 16, 2022

For the year ended March 31, 2022, HDBFSL's net revenue grew by 13.0% to ₹ 7,980.8 crore (as against ₹ 7,061.8 crore in the previous year). Profit after tax for the year ended March 31, 2022 was ₹ 1,011.4 crore compared to ₹ 391.5 crore in the previous year, a growth of 158.4%.

Source: Equity Bulls

  • JK Files & Engg eyes Rs 1,000 crore topline in current fiscal; to expand capacity

JK Files & Engg eyes Rs 1,000 crore topline in current fiscal; to expand capacity

April 13, 2022

JK Files & Engineering's Managing Director Balasubramanian V told that if the market improves and the China-plus-one strategy works the way it is being planned, the company hopes to cross the Rs 1,000-crore revenue mark this fiscal, which will be a growth of 20 per cent over FY22.

Source: ET Auto

  • NSE to reintroduce do not exercise facility for stock options on Apr 20

NSE to reintroduce do not exercise facility for stock options on Apr 20

April 12, 2022

The National Stock Exchange (NSE) said it will reintroduce the ‘Do not Exercise’ facility for stock options contracts with effect from April 28, 2022. The move will enable traders to manage their risk better, especially when it comes to out-of-the-money contracts. It will allow them to close their open positions, preventing the risk associated with physical delivery.

Source: Business Standard

  • How Sachin Tendulkar-backed Smaaash is making a comeback with 45 stores by June 2022

How Sachin Tendulkar-backed Smaaash is making a comeback with 45 stores by June 2022

April 12, 2022

The Sachin Tendulkar-backed company — which now refers to its business model as Smaaash 2.0 — has stepped away from its traditional ‘for kids’ offering to reimagine itself as a business that caters to the needs of young adults and working professionals. The aim of the space is to give an entertainment center for adults, but with the same vibe as the local club.

Source: Business Insider India

  • Why AB InBev is betting on fintech and metaverse

Why AB InBev is betting on fintech and metaverse

April 12, 2022

From investing into financial technologies to entering the metaverse, maker is going all out to build a technology-led customer experience

Source: ETCIO

  • AB InBev exclusive II: Premiumisation and experimentation driving Asia growth

AB InBev exclusive II: Premiumisation and experimentation driving Asia growth

April 11, 2022

Premiumisation and flavour experimentation are the major trends driving growth for the alcohol industry in Indian and South East Asia.

Source: FoodNavigator-Asia.com

  • Exclusive: RBI rejection looms over Mobikwik's payment aggregator license

Exclusive: RBI rejection looms over Mobikwik's payment aggregator license

April 11, 2022

Months after its application, the Reserve Bank of India has yet to approve Mobikwik’s application to operate its Zaakpay payment gateway service, two banking industry sources told Entrackr. Consequently, banks have been told to stop dealing with Mobikwik’s payment gateway in 180 days’ time, the source added. That would indicate a very high probability of an eventual rejection.

Source: Entrackr

  • Coinbase stops payments via UPI in India, volumes down after Mobikwik withdrew services

Coinbase stops payments via UPI in India, volumes down after Mobikwik withdrew services

April 10, 2022

Notably, UPI payments are not allowed on other crypto exchanges as well, while Mobikwik wallet, which had partnered with major crypto exchanges, has stopped supporting crypto trading

Source: Moneycontrol

  • Motilal Oswal Home Finance receives $50 million commitment from U.S DFC

Motilal Oswal Home Finance receives $50 million commitment from U.S DFC

April 6, 2022

MOHFL has joined hands with U.S DFC to provide affordable housing finance to woman and low-income group borrowers in India.

Source: ETRealty

  • The Lalit set to support Special Olympics Bharat 2022

The Lalit set to support Special Olympics Bharat 2022

April 5, 2022

Being a part of the hospitality industry, we want to be of service to the people, especially the disparage intersections of the society. We are celebrating #AzadiKaAmritMahotsav with the mission to create opportunities and bring the neglected intersections into the fore,” said Dr Jyotsna Suri, Chairperson and Managing Director, Bharat Hotels Ltd.

Source: thecsrjournal

  • CCI approves deal involving stake purchase in Hero FinCorp

CCI approves deal involving stake purchase in Hero FinCorp

April 4, 2022

The Competition Commission of India (CCI) on Monday approved the acquisition of stake in Hero FinCorp Limited by a Singapore-based affiliate of Apollo Global Management.

Source: Business Today

  • Zepto, Zomato, 7up, ixigo and tons of brands turn pranksters-in-chief for April Fool’s Day

Zepto, Zomato, 7up, ixigo and tons of brands turn pranksters-in-chief for April Fool’s Day

April 1, 2022

April Fool’s Day is that one slot of 24 hours where brands can get away with most things. No wonder we’re subjected to witty, weird, and sometimes outrageous social media posts or digital ads on this day.

Source: afaqs!

  • Bed In Box: Best Double & Single Mattress-In-Box Brands

Bed In Box: Best Double & Single Mattress-In-Box Brands

April 1, 2022

Bed-in-a-Box mattresses have gained popularity in the last few years. The Indian market is dotted with many online sellers who have joined the mattress-in-a-box bandwagon offering double, single, diwan, queen & king sizes.

Source: Outlook India

  • AB InBev set to scale liquor home delivery in Maharashtra

AB InBev set to scale liquor home delivery in Maharashtra

March 31, 2022

Brewer AB InBev, which sells Budweiser and Stella Artois brands, plans to scale its online beer delivery network in Maharashtra, besides exploring opportunities to expand its footprint in other states, subject to local laws.

Source: Mint

  • NSE co-location case: Broker gains under CBI, Sebi lens

NSE co-location case: Broker gains under CBI, Sebi lens

March 30, 2022

The Central Bureau of Investigation (CBI) is focusing on the financial gains made by some brokers when they had unfair access to National Stock Exchange (NSE) systems as part of its investigation into the NSE co-location scam.

Source: Mint

  • Asian Paints’ promoters unite to delist Elcid Investments. Will minority investors be short-changed?

Asian Paints’ promoters unite to delist Elcid Investments. Will minority investors be short-changed?

March 29, 2022

Elcid Investments holds around a 4.3% stake in Asian Paints, which was valued at around INR2,000 crore in February 2013. This translates into an intrinsic value of approximately INR1 lakh per share. Now, the promoter has yet again come up with a fresh delisting offer

Source: Economic Times

  • Reliance Retail all set to enter in instant grocery delivery service with JioMart platform

Reliance Retail all set to enter in instant grocery delivery service with JioMart platform

March 28, 2022

With e-commerce app JioMart, Reliance Retail—billionaire Mukesh Ambani-controlled Reliance Industries’ (RIL’s) organised retail arm—is all set to enter into instant grocery delivery service to give a hard time to the US-based online retail behemoth Amazon and Walmart’s Flipkart in India.

Source: Times Now

  • Tamilnad Mercantile Bank IPO Prospectus Lays Bare History Of Governance Lapses

Tamilnad Mercantile Bank IPO Prospectus Lays Bare History Of Governance Lapses

March 28, 2022

Tamilnad Mercantile Bank recently celebrated 100 years of service to the community. On this occasion, the bank in partnership with the Times Network launched the Aarogya India initiative with the aim of spreading awareness about the importance of vaccination in preventing the spread of COVID-19 virus.

Source: BloombergQuint

  • Capgemini wins contract to look after legacy HMRC Aspire tech

Capgemini wins contract to look after legacy HMRC Aspire tech

March 28, 2022

The UK tax collector has extended its relationship with French IT service provider Capgemini in a £215m contract, which awards the outsourcer work to look after tech provided under the controversial 2004 Aspire contract at least eight years beyond the first proposed end date for the deal.

Source: The Register

  • AB InBev exclusive I: Regional President on how booze business kept fizzing amid pandemic

AB InBev exclusive I: Regional President on how booze business kept fizzing amid pandemic

March 28, 2022

AB InBev India and South East Asia President Kartikeya Sharma has reveals how the firm utilised innovation and marketing strategies to weather COVID-19 challenges and emerge with healthy brand growth

Source: FoodNavigator-Asia.com

  • Goa Shipyard to build dry dock for Sri Lankan navy

Goa Shipyard to build dry dock for Sri Lankan navy

March 25, 2022

In a significant development for Goa Shipyard Ltd and India bilateral ties with Sri Lanka, a floating dock valued at approximately $20 million. Read more at: http://timesofindia.indiatimes.com/articleshow/90427792.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Read more at: http://timesofindia.indiatimes.com/articleshow/90427792.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Read more at: http://timesofindia.indiatimes.com/articleshow/90427792.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Source: Times of India

  • Hero FinCorp to offer SimplyCash services in more cities

Hero FinCorp to offer SimplyCash services in more cities

March 25, 2022

Hero FinCorp's SimplyCash, an instant personal loan app services, is all set to be available in more than 200 locations in the next two years.

Source: The Hindu

  • How is Fashion E-Commerce Startup Madbow Ventures Planning to Enter Offline Retail Market

How is Fashion E-Commerce Startup Madbow Ventures Planning to Enter Offline Retail Market

March 25, 2022

The brand is targeting to achieve a revenue of Rs 100-120 crore in the next 18-24 months.

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

  • ICICI Bank partners with Chennai Super Kings for launch of a credit card

ICICI Bank partners with Chennai Super Kings for launch of a credit card

March 23, 2022

The new card is another addition to an exclusive set of co-branded credit cards offered by the bank to enable sports enthusiasts to connect with their favourite teams as well as avail benefits of a credit card. Four years ago, ICICI Bank launched a co-branded credit card with Manchester United, a professional football club of England.

Source: Business Standard

  • High-Temperature Foaming Agents Reduce Weight and Costs for Engineering Resins

High-Temperature Foaming Agents Reduce Weight and Costs for Engineering Resins

March 23, 2022

These foaming agents can help improve the molding process, and that recent advances in machine technology are allowing molders to foam parts that could not be foamed before.

Source: Plastics Technology

  • Global Perlite Market Size To Reach USD 2.58 Billion By 2028; Increasing Demand For Perlite From Agriculture Sector Is Driving Global Perlite Market Growth | Emergen Research

Global Perlite Market Size To Reach USD 2.58 Billion By 2028; Increasing Demand For Perlite From Agriculture Sector Is Driving Global Perlite Market Growth | Emergen Research

March 22, 2022

Global Perlite Market Size To Reach USD 2.58 Billion By 2028

Source: Yahoo Finance

  • Godawari Power & Ispat increases stake in Hira Ferro Alloys Ltd to 75.66%

Godawari Power & Ispat increases stake in Hira Ferro Alloys Ltd to 75.66%

March 21, 2022

Godawari Power & Ispat Limited has signed a Share Purchase Agreement with Hira infraTek Limited (HITL) on March 21, 2022 to acquire 44,54,621 equity shares of Hira Ferro Alloys Limited (HFAL) from HITL at a price of Rs224/-per share.

Source: Equity Bulls

  • Court says Zostel to get option for amount equal to 7% in Oyo parent if it wins case

Court says Zostel to get option for amount equal to 7% in Oyo parent if it wins case

March 19, 2022

HC tells Oyo to inform Sebi of latest order but restrains Zostel from writing to authorities

Source: Economic Times

  • OYO reshuffles top management amid IPO delay rumours

OYO reshuffles top management amid IPO delay rumours

March 18, 2022

OYO operator Oravel Stays could clip its Indian IPO from the nearly USD 1 billion initially sought to half that and is considering also halving its expected valuation from the original target.

Source: The New Indian Express

  • Signify launches Philips Motion Sensing LED Batten in India

Signify launches Philips Motion Sensing LED Batten in India

March 15, 2022

Signify, the world leader in lighting, has launched its Philips Motion Sensing LED Batten in India. The Philips Motion Sensing LED batten is priced at an MRP of ₹1,099. It is available in a 20W, 2000 Lumens pack across all small and large electrical stores and e-commerce platforms.

Source: The Mobile Indian

  • ixigo co-founders reveal the secret to the travel-tech startup's success

ixigo co-founders reveal the secret to the travel-tech startup's success

March 13, 2022

Aloke Bajpai and Rajnish Kumar, co-founders of ixigo, recently appeared in Prime Venture Podcast to share their startup’s journey.

Source: YourStory

  • India’s NSE plans new exchange for spot gold

India’s NSE plans new exchange for spot gold

March 12, 2022

India’s National Stock Exchange (NSE) said on Saturday it planned to set up a new domestic spot gold exchange that would bring more efficiency and transparency to bullion pricing.

Source: Business Recorder

  • Planify to hire 100 employees by first half of 2022

Planify to hire 100 employees by first half of 2022

March 11, 2022

With plans to expand and increase the headcount, Planify has announced that it is going to hire 100 employees in the first six months of 2022. Additionally, the company, in an official statement mentioned that it is planning to reach to employee strength of 200 by next year from its current headcount of 50 workers.

Source: People Matters

  • Bank of India ties up with IKF Finance for co-lending

Bank of India ties up with IKF Finance for co-lending

March 10, 2022

Bank of India (BOI) has announced it has entered into a co-lending arrangement for Commercial Vehicle Loans with Vijayawada based NBFC “M/s. IKF Finance Limited”(IKF).

Source: Free Press Journal

  • OYO, Hopper bet on gamification to drive user retention

OYO, Hopper bet on gamification to drive user retention

March 7, 2022

OYO users in the United States will see a new “gaming zone” in the brand’s app.

Source: PhocusWire

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