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Planify News

Comprehensive, up-to-date news coverage, aggregated from sources all over the world on hot PreIPO, Upcoming IPO's and growing startups in India 𝐰𝐡𝐢𝐜𝐡 𝐚𝐫𝐞 𝐭𝐫𝐚𝐝𝐞𝐚𝐛𝐥𝐞 by Planify News.

Two-wheeler maker Hero MotoCorp to invest up to Rs 700 cr in Hero FinCorp

Jan. 24, 2022

The country's largest two-wheeler maker Hero MotoCorp on Monday said its board has approved to invest up to Rs 700 crore in Hero FinCorp Ltd (HFCL).

Source: Business Standard

Bira 91, boAt Collaboration About Celebrating India’s D2C Disruptors, Say Founders

Jan. 20, 2022

boAt's Aman Gupta said the Bira 91 collab is about celebrating two pathbreaking Indian brands that disrupted big sectors

Source: Inc42 Media

NSE biggest derivatives bourse for 3 years in a row, shows data

Jan. 20, 2022

The National Stock Exchange (NSE) has emerged as the top global bourse in terms of derivatives contracts traded for the third year in a row. Around 17.3 billion derivatives contracts were traded on the NSE in 2021, nearly double that of 8.9 billion traded in 2020

Source: Business Standard

BVG India plans to raise Rs 1,200-1,300 crore via initial public offering

Jan. 19, 2022

Pune-based integrated facilities management company BVG India plans to raise Rs 1,200-1,300 crore through an initial public offering (IPO), to foray into new areas in facilities management, over the next two-three months.

Source: Financial Express

Capgemini launches a dedicated Quantum Lab and announces a new agreement with IBM to advance industry applications of quantum computing

Jan. 12, 2022

Capgemini launches a dedicated Quantum Lab and announces a new agreement with IBM to advance industry applications of quantum computing

Source: Yahoo Finance

Five Star Business Finance, Waaree Energies get Sebis nod to float IPOs

Jan. 11, 2022

Non-banking financial company Five Star Business Finance and solar energy player Waaree Energies have received capital markets regulator Sebi's go-ahead to raise funds through initial share-sales

Source: Business Standard

PNB Metlife's Mera Term Plan provides COVID-19 Claim

Jan. 6, 2022

PNB’s Mera Term Plan isn’t just any other online term plan. It goes beyond the realms of providing insurance to the applicant and covers the whole family of the applicant’s loved ones. With a term coverage of more than 80 years, this online term plan is human’s best companion against COVID-19.

Source: NewsPatrolling

Leegality partners with Arohan Financial Services on its digitization journey

Jan. 4, 2022

Arohan Financial Services Limited has partnered with Document Infrastructure Platform – Leegality – to digitally transform JLG loan paperwork processes for its customers. Company views this partnership as a natural continuation in its mission for ‘Cashless at the front and Paperless at the back.

Source: Express Computer

Ixigo's 'Agla Station Mars' rekindles train journey in new ad film

Jan. 3, 2022

Online travel portal, Ixigo has come up with a new video campaign that has been conceptualised and produced by the in-house team.

Source: ETBrandEquity.com

OYO's Ritesh Agarwal shares lessons he learnt from the past year

Jan. 3, 2022

Ritesh Agarwal, the founder of OYO Rooms, took to Twitter to share a few lessons he learnt from the past year.

Source: Mint

Over 500 employees, ex-staff of IPO-bound OYO buy around 30 mn shares

Jan. 3, 2022

More than 500 employees and ex-employees of IPO-bound OYO have exercised their stock options grants to purchase over three crore shares of the company, according to regulatory filings by the hospitality chain

Source: Business Standard

NSE prods PSUs to meet governance norms

Dec. 31, 2021

Securities and Exchange Board of India (Sebi) issued new corporate governance rules based on Kotak committee recommendations in 2018. Since then, dozens of PSUs have reportedly been in violation of the rules especially in the aspect of board composition. This is because appointments to boards of PSUs often get delayed since they must be cleared by the concerned ministry

Source: Economic Times

Vakrangee to set up Vakrangee Kendra outlets across the network of Nayara Energy

Dec. 28, 2021

Vakrangee Limited (VL) has tied up with Nayara Energy Limited for setting up Vakrangee Kendra outlets at its Nayara retail fuel outlets.

Source: Equity Bulls

5 of the best sports campaigns that won in 2021, including Ajax and AB InBev

Dec. 27, 2021

Throughout the festive season, we’ll be looking back through the winners from our 2021 global awards program, which includes The Drum Awards for Marketing, The Drum Awards for the Digital Industries, The Drum Awards for B2B and more.

Source: The Drum

From #RejectZomato To MobiKwik Data Leak: 11 Controversies That Shook The Indian Startup Ecosystem In 2021

Dec. 25, 2021

IPO-bound MobiKwik was involved in a massive data leak earlier this year. Although Mobikwik denied claims about a data breach impacting 100 Mn users, according to independent cybersecurity researcher Rajshekhar Rajaharia, the database that got leaked in January 2021, contains user records for 11 Cr Mobikwik users with a whopping 8.2 TB of data.

Source: Inc42 Media

Reliance adopts kirana strategy to expand online pharmacy biz

Dec. 24, 2021

JioMart, the e-commerce platform, is building a marketplace that will take on e-commerce behemoths such as Walmart-owned Flipkart and Amazon as well as beauty and lifestyle retailers like Nykaa.

Source: Times Now

RBI Imposes INR 1 Cr Penalty Each On MobiKwik & Spice Money For Regulatory Non-Compliance

Dec. 23, 2021

MobiKwik & Spice Money both entities did not comply with net-worth requirement for Bharat Bill Payment Operating Units

Source: Inc42 Media

Hero Electric ties up with HDB Financial Services for retail finance

Dec. 22, 2021

Hero Electric on Wednesday said it has tied up with HDB Financial Services, a non-banking financial company (NBFC), to offer easy financing options for the purchase of electric scooters.

Source: BusinessLine

Guntur: HDB Financial Services installs clean drinking water plants

Dec. 22, 2021

As a part of its Clean Drinking Water programme, HDB Financial Services in association with its CSR partner Bala Vikasa Social Service Society has installed community water purification plants in East Godavari and Guntur districts

Source: The Hans India

OYO hires ex-Apple Nirdosh Chouhan as Senior VP, ex- Swiggy Kranthi Mitra as Sr Principal Data Scientist

Dec. 22, 2021

An alumni of IIM Bangalore, Chouhan has previously been associated with large global technology companies such as Apple, Oracle and Infosys amongst others.

Source: People Matters

Mobikwik founder says they are not selling any shares in the IPO

Dec. 21, 2021

The promoters of digital payments company Mobikwik — Upasana Taku and Bipin Preet Singh — have decided to not sell any shares in the company’s upcoming initial public offering (IPO).

Source: Business Insider India

BSR quits as auditor of Medi Assist

Dec. 21, 2021

BSR & Co, sub-licensee of KPMG in India, has resigned as the auditor to Medi Assist Insurance TPA. Medi is the largest third-party administrator (TPA), providing services to health insurers.

Source: Times of India

AB InBev and Keurig pull the plug on Drinkworks machines

Dec. 21, 2021

AB InBev and Keurig have discontinued sales of their ‘Keurig for cocktails’ Home Bar machines.

Source: BeverageDaily.com

BSR quits as auditor of Medi Assist

Dec. 21, 2021

BSR & Co, sub-licensee of KPMG in India, has resigned as the auditor to Medi Assist Insurance TPA.

Source: Times of India

Taparia Tools Ltd Board declares Interim Dividend of Rs. 70

Dec. 20, 2021

The Board of Directors of Taparia Tools Ltd at its meeting held on December 20, 2021, has considered to pay the Interim Dividend @ Rs. 70/- per Equity share of Rs. 10/- each from the Distributable Profit for the period from April 01, 2021 to September 30, 2021.

Source: Equity Bulls

Karnataka Gramin Bank in pact with Care Health Insurance

Dec. 20, 2021

The Bellari-headquartered Karnataka Gramin Bank (KGB), sponsored by Canara Bank, has signed a memorandum of understanding (MoU) with Care Health Insurance Ltd to market health insurance products for customers of the bank across 22 districts of Karnataka.

Source: BusinessLine

Travel Platform ixigo’s INR 1,600 Cr IPO Set To Take Off With SEBI Approval

Dec. 20, 2021

The Securities and Exchange Board of India (SEBI) has approved the INR 1,600 Cr initial public offering (IPO) of Le Travenues Technology, which operates travel platform ixigo.

Source: Inc42 Media

Fincare Small Finance Bank standalone net profit declines 84.29% in the September 2021 quarter

Dec. 18, 2021

Net profit of Fincare Small Finance Bank declined 84.29% to Rs 7.87 crore in the quarter ended September 2021 as against Rs 50.09 crore during the previous quarter ended September 2020. Total Operating Income rose 9.56% to Rs 345.32 crore in the quarter ended September 2021 as against Rs 315.18 crore during the previous quarter ended September 2020.

Source: Business Standard

Fairfax-backed Seven Islands Shipping expands fleet with oil products tanker

Dec. 17, 2021

Seven Islands Shipping Ltd, backed by Indian born Canadian businessman Prem Watsa-led Fairfax India, has purchased a second-hand oil products carrier, its third acquisition in less than four months, for an undisclosed amount.

Source: BusinessLine

Hospitality body urges Sebi again to suspend OYO IPO process

Dec. 16, 2021

Hospitality industry body FHRAI on Thursday again requested market regulator Sebi to suspend OYO's IPO process, citing non-disclosure of an investigation against the hotel chain for tax evasion, an allegation which the company has strongly denied.

Source: Mint

Hospitality body urges Sebi again to suspend OYO IPO process

Dec. 16, 2021

Hospitality industry body FHRAI on Thursday again requested market regulator Sebi to suspend OYO's IPO process, citing non-disclosure of an investigation against the hotel chain for tax evasion, an allegation which the company has strongly denied.

Source: Mint

NSE takes Brazilian cue, plans a platform for India Inc's Prime

Dec. 16, 2021

The National Stock Exchange (NSE) is planning to push for higher corporate governance norms in India by replicating Brazil's successful Novo Mercado (new market), a listing segment that comprises shares of companies that commit themselves to more stringent standards than those mandated by law, said two people with direct knowledge of the matter.

Source: Economic Times

Hospitality industry body urges Sebi again to suspend OYOs IPO process

Dec. 16, 2021

Hospitality industry body FHRAI on Thursday again requested market regulator Sebi to suspend OYO's IPO process, citing non-disclosure of an investigation against the hotel chain for tax evasion, an allegation which the company has strongly denied.

Source: Business Standard

HDFC Securities plans to add 200,000 customers a month till March next year

Dec. 15, 2021

Brokerage firm HDFC Securities is looking to add 2 lakh customers every month till March next year and grow topline by 20-25 per cent over the next five years.

Source: Business Standard

Falcon Edge, Bay Capital invest in Five Star Business ahead of its IPO

Dec. 15, 2021

Private equity investors Falcon Edge Capital and Bay Capital have invested $26 million in market-bound non-bank lender Five Star

Source: VCCircle

TRL Krosaki Leverages Microsoft Dynamics 365 to Improve Customer Experience

Dec. 15, 2021

TRL Krosaki Refractories Limited, a leading refractory manufacturing company in India, partners with Intech Systems, a Microsoft-certified Gold partner, to implement a system that could automate all sales and marketing activities for their organization and create a central data repository to improve the effectiveness of all customer-related operations.

Source: openPR

Empire Spices & Foods Ltd. hands over social media and influencer marketing duties of their brand Ram Bandhu to DigiChefs

Dec. 14, 2021

DigiChefs will be responsible for strategizing, planning and executing a comprehensive social media strategy and elevate the brand’s presence through creative assets

Source: APN News

Airtel, Capgemini to develop India-specific enterprise 5G solutions

Dec. 14, 2021

Bharti Airtel and technology services major Capgemini on Tuesday announced to collaborate on bringing India-specific, 5G-based enterprise grade solutions to the country. Capgemini's 5G Lab within its Mumbai campus and Airtel's 5G Lab in Manesar, Haryana, will be the development hubs.

Source: ETCIO.com

Is Dalal Street undervaluing Reliance Retail?

Dec. 13, 2021

It appears that the two sets of investors have divergent views about the prospects and fair value of Reliance Industries’ retailing business — the other two businesses (oil and telecom) are relatively simpler to value and there is reasonable consensus on their fair values, said Sanjeev Prasad of Kotak Securities in a recent note

Source: Economic Times

AB InBev targets net-zero value chain by 2040

Dec. 13, 2021

Anheuser-Busch InBev (EBR:ABI), or AB InBev, the parent company of Budweiser, has stated an ambition to become carbon neutral by 2040,

Source: Renewables Now

AB InBev Looks to Boost Profits By Selling Grain for Plant-Based Protein | Food & Wine

Dec. 13, 2021

The beer giant believes its bio-waste products and fermentation knowledge are underutilized resources.

Source: Food & Wine

Nayara Energy bags the prestigious CSR Campaign of the Year Award at 'Platts 23rd Annual Global Energy Awards Summit'

Dec. 10, 2021

Nayara Energy, a new-age downstream energy & petrochemicals company has been felicitated with the CSR Campaign of the Year Award at Platts 23rd Annual Global Energy Awards Summit for its initiatives towards social responsibility, customer commitment, environmental protection, and employee care.

Source: PR Newswire India

Online hotel booking service fined for denying accommodation

Dec. 8, 2021

The District Consumer Disputes Redressal Commission has ordered an online hotels and home services to pay Rs 25000 to a customer for acute deficiency of service for alleged denial of rooms booked.

Source: Times of India

Ankur Jain on Building a High Performance Culture at Bira

Dec. 7, 2021

Over the last 6 years, Bira 91 has scaled the business across the country, expanded the portfolio to 7 beers, and opened its first Limited Release Taproom in Bangalore.

Source: Entrepreneur

AB InBev forecasts 4% to 8% growth in next four years

Dec. 7, 2021

Anheuser-Busch InBev (AB InBev) has forecasted 4% to 8% growth in core profit over the next four years

Source: The Drinks Business

60 cos get approval under PLI scheme for food processing

Dec. 7, 2021

Several large packaged food companies have been accorded approval under the government’s Production Linked Incentive (PLI) scheme for the food processing industry

Source: Livemint

Looking to list as soon as possible in 2022: MobiKwik co-founder

Dec. 6, 2021

Digital payments startup MobiKwik could go public by early 2022, according to its co-founder and chief operating officer Upasana Taku. The MobiKwik boss also denied reports of investors turning queasy, affirming that all of the startup’s investors were on board, and that the company was looking to time its listing right.

Source: CNBCTV18

AB InBev sets first profit growth target under new chief

Dec. 6, 2021

Anheuser-Busch InBev's (ABI.BR) new leadership set the company's first earnings target on Monday, forecasting 4% to 8% growth in core profit over the next four years based on rising beer sales and expansion in other drinks and even food.

Source: Reuters

Anand Rathi Wealth IPO subscribed 9.78 times

Dec. 6, 2021

The initial public offer of Anand Rathi Wealth Limited, part of Mumbai-based financial services group Anand Rathi, received 9.78 times subscription by the closing day on Monday.

Source: Financial Express

AB InBev sets first profit growth target under new chief

Dec. 6, 2021

Anheuser-Busch InBev's (ABI.BR) new leadership set the company's first earnings target on Monday, forecasting 4% to 8% growth in core profit over the next four years based on rising beer sales and expansion in other drinks and even food.

Source: Reuters

Noida: Fines worth Rs 4 lakh imposed for activities causing pollution

Dec. 5, 2021

BVG India Ltd was found to be causing dust pollution while carrying out mechanical sweeping. As per officials, the company has to pay Rs 2 lakh for the alleged violation of the National Green Tribunal’s (NGT) rules. BVG India was also fined for throwing garbage in the area during the cleaning process

Source: The Indian Express

Fully solar-powered, Cochin airport leaves Anand Mahindra impressed. See tweet

Dec. 4, 2021

The chairman of the Mahindra Group was left impressed by the fact that the Cochin airport was designed using local architectural motifs, and that not only it is the first private airport in India

Source: Hindustan Times

Relief to Nayara Energy: Gujarat HC directs GST Authority to disburse GST Refund of Rs. 50.88 Cr along wit ...

Dec. 3, 2021

In a major relief to Nayara Energy, the Gujarat High Court directed the GST Authority to disburse the GST Refund of Rs. 50.88 Crores along with Interest as technical glitch cannot be reason for non-payment.

Source: taxscan.in

ONGC inks MoU with SECI to develop renewable, ESG projects

Dec. 3, 2021

The project will utilize CO2 captured from IOC’s Koyali refinery for injecting in to the depleted reservoirs of Gandhar oil field in Gujarat.

Source: Indiainfoline

Startup news and updates: Daily roundup (December 2, 2021)

Dec. 2, 2021

PO-bound hospitality unicorn Oyo has announced the addition of Rajnish Kumar, former Chairman of State Bank of India (SBI), as Strategic Group Advisor at OYO.

Source: YourStory

Omicron variant: Cochin airport scales up testing capacity

Dec. 2, 2021

With the government having directed all airports to increase the vigil the wake of covid's new vairant, Omicron

Source: Times of India

SAT reserves order in NSE co-location scam case

Dec. 1, 2021

NSE was asked to pay ₹1,000 crore by SEBI as a disgorgement for lapses in its systems

Source: The Hindu BusinessLine

With Air India, Tatas get a stake in Keralas Cochin airport

Nov. 30, 2021

As the Tata group inches closer to taking over Air India in January 2022, the $242-billion conglomerate will also inherit a stake in Kerala’s Cochin airport. The Tatas would become the only airline to have an operational stake in a major Indian airport.

Source: Business Standard

Anand Rathi Wealth IPO to open on 2 Dec, closes on 6 Dec

Nov. 29, 2021

The initial public offering of Anand Rathi Wealth Ltd, the wealth management arm of Anand Rathi Financial Services, will open on 2 December for subscription and close on 6 December.

Source: Livemint

Power ply

Nov. 28, 2021

After a year of economic slump, the plywood industry is rising like a phoenix from the ashes.

Source: Times of India

Inside Reliance Retail's plan to become a one-stop shop for everything

Nov. 27, 2021

These acquisitions are crucial cogs in Reliance Retail’s further push into brick-and-mortar and ecommerce, and are part of Mukesh Ambani-led Reliance Industries Ltd (RIL) unit’s larger strategy.

Source: Economic Times

Tamilnad Mercantile Bank appoints Vishweshwaran Ramakrishnan as CDO

Nov. 26, 2021

Vishweshwaran Ramakrishnan has moved on from IDFC First Bank and joined Tamilnad Mercantile Bank as Chief Digital Officer.

Source: ETCIO.com

AB InBev commissions rooftop solar plant

Nov. 26, 2021

As part of its commitment to completely shift to renewable energy sources by 2025, brewer AB InBev said its Charminar Brewery in Sangareddy district of Telangana has become its fourth brewery in the country to start making the shift to renewable electricity sources.

Source: Times of India

Exclusive: OYO’s $1.2 billion IPO slated for early next year; targets $10 -12 billion valuation

Nov. 25, 2021

Hospitality major OYO’s $ 1.2 billion IPO is slated to happen early next year

Source: Business Today

NSE's unlisted shares surge amid rising HNI interest

Nov. 25, 2021

Despite marquee institutional investors trimming stake in National Stock Exchange due to uncertainty over its proposed initial public offering, the unlisted shares of the exchange operator have risen nearly 7% in the last few days.

Source: Economic Times

NoBroker is first proptech unicorn; Mobikwik postpones IPO

Nov. 23, 2021

Fintech firm MobiKwik was likely to delay its initial public offering by a few months, following the disastrous market debut of larger rival Paytm last week

Source: Economic Times

Zuari Global resumes operations of at Ethanol plant of Gobind Sugar Mills

Nov. 22, 2021

Zuari Global Limited informed the exchanges Sunday that Gobind Sugar Mills Limited (GSML) has resumed operations for its Ethanol Plant with effect from November 20, 2021

Source: Indiainfoline

Atlas Copco Sets Science-Based Targets to Reduce Emissions

Nov. 22, 2021

The group aims to reduce emissions from its own operations in line with keeping the global temperature rise below 1.5 degrees, and to reduce emissions from the value chain in line with keeping well below a 2-degree temperature rise. The goals are validated by the science-based targets initiative.

Source: BodyShop Business

Fincare Small Finance Bank appoints Srinath Sathyanarayana as new Chief Technology Officer

Nov. 22, 2021

Fincare Small Finance Bank has appointed Mr Srinath Sathyanarayana as Chief Technology Officer (CTO). In his new role at Fincare SFB, Srinath will lead the bank’s technology function and will report to Nilesh Sangoi , who is the Chief Information Officer.

Source: People Matters

Rs 25,000-cr MoUs signed across sectors as part of Vibrant Gujarat Global Summit 2022

Nov. 22, 2021

Merino Industries have expressed their intention are for 900 Crore for particle board-cum-furniture and agroforestry.

Source: ETEnergyworld.com

Tata Technologies expects to clock nearly $500 mn revenue this fiscal

Nov. 21, 2021

Tata Technologies, a global engineering and product development digital services firm, expects to clock close to half a billion dollars in revenue this fiscal, riding on accelerated growth from electric mobility across the globe and offshoring of projects by its customers in the aftermath of COVID-19, according to a top company official.

Source: Business Standard

Zee Business Exclusive: SEBIs nod on NSE-NCDEX merger likely to come soon; avenues for agri-commodities to...

Nov. 21, 2021

The Securities and Exchange Board of India may approve proposal of merger of National Commodity and Derivatives Exchange Limited with the National Stock Exchange (NSE) in this week

Source: Zee Business

Italy's Genera Group to acquire stake in Nayara Energy

Nov. 18, 2021

Italy's Genera Group Holding SpA has proposed to acquire shares of Singapore-based Tendril Ventures Pte Ltd, paving the way for an indirect acquisition of shares in the Indian refinery Nayara Energy Ltd, the Competition Commission of India (CCI) said in a note on Thursday.

Source: VCCircle

Trafigura looks to exit Indian oil refining JV Nayara Energy

Nov. 17, 2021

Swiss commodity company Trafigura is reportedly planning to offload its stake of 24.5% in Indian oil refining joint venture with Russia’s Rosneft.

Source: Offshore Technology

AB InBev’s Rafael Mota explains Humanizing Technology at MarTech Asia Summit 2021

Nov. 17, 2021

Rafael Mota, global martech director, Anheuser-Busch InBev delivered the opening keynote address at MarTech Asia 2021 on the topic ‘Humanizing Technology’.

Source: ETBrandEquity.com

Open to investing in fintech post Paytm's listing, missed out on SaaS deals earlier: SoftBank Vision Fund

Nov. 17, 2021

SoftBank Group Corp., through two editions of its Vision Fund, has invested close to $11 billion in India, $3 billion of which was pumped this year alone, a top executive at the Japanese technology investor said, indicating the fervent dealmaking domestic startups have witnessed this year. SoftBank Vision Fund, an investor in newly listed Policybazaar, and Paytm, which will make its public market debut on Nov. 18, is expecting a bunch of portfolio firms to tap the buoyant IPO window amid skyrocketing valuations for tech startups.

Source: Economic Times

AGS Transact Tech to use Rs 600 cr of IPO proceed to retire debt

Nov. 17, 2021

AGS Transact Technologies, which leads the online payments space at fuel stations and is among the largest players in ATM and cash management services, will use Rs 600 crore of the Rs 800-crore-fully offer-for-sale issue to retire debt.

Source: Business Standard

Rajasthan High Court notice to BVG, state over trash handling

Nov. 16, 2021

Rajasthan High Court has issued notices to garbage collection company BVG and the state government over the company's failure to execute their contractual obligations.

Source: Times of India

Labor Attorneys, at Blumenthal Nordrehaug Bhowmik De Blouw LLP, File Suit Against Atlas Copco Compressors LLC for Allegedly Failing to Provide Required Rest Breaks

Nov. 16, 2021

According to the lawsuit filed, Atlas Copco Compressors LLC allegedly (a) failed to pay minimum wages, (b) failed to pay overtime wages, (c) failed to provide legally required meal and rest periods, (d) failed to provide accurate itemized wage statements, (e) failed to reimburse employees for required expenses,

Source: PR Web

Panasonic appoints Fumiyasu Fujimori to lead consumer sales division

Nov. 15, 2021

Electronics major Panasonic India on Monday announced the appointment of Fumiyasu Fujimori as the company’s divisional director, consumer sales division. Fujimori was based in Japan, where he was leading the global marketing efforts for Panasonic’s Imaging Business Unit (Lumix, digital cameras).

Source: Livemint

Finastra Teams Up with Hexaware to Support Virtual Payments for European Banks

Nov. 15, 2021

Finastra has entered into a partnership with Hexaware Technologies in order to offer managed services for Finastra’s payments solutions deployed via the Cloud.

Source: Crowdfund Insider

Adtech Systems standalone net profit rises 252.00% in the September 2021 quarter

Nov. 13, 2021

Net profit of Adtech Systems rose 252.00% to Rs 0.88 crore in the quarter ended September 2021 as against Rs 0.25 crore during the previous quarter ended September 2020.

Source: Business Standard

Ignoring opposition from own officials, Nagpur University releases Rs 1.37 crore MKCL’s dues

Nov. 12, 2021

Under-pressure Nagpur University administration has gone out of the way to release Rs1.37 crore dues to the Maharashtra Knowledge Corporation Limited.

Source: Times of India

Shares of Fino Payments Bank make tepid debut, list at 6% discount

Nov. 12, 2021

Capgemini launches a dedicated Quantum Lab and announces a new agreement with IBM to advance industry applications of quantum computing.

Source: Livemint

MobiKwik launches RuPay Card in association with NPCI, Axis Bank

Nov. 12, 2021

MobiKwik in collaboration with the National Payments Corporation of India (NPCI) and Axis Bank has launched the MobiKwik RuPay Card. The card will be offered free of charge to customers and will be fully digital keeping in line with the growing demand for digital payments across online and brick and mortar stores.

Source: The Financial Express

Exclusive: Visa, MobiKwik and 17 other payment operators did not submit RBI-mandated audit report

Nov. 12, 2021

Nineteen out of the sixty-nine authorised payment system operators did not submit a System Audit Report (SAR) for the financial year 2020-21 as required by the Reserve Bank of India (RBI), a Right to Information (RTI) response revealed. Notable entities that had not submitted a SAR by the September 30 deadline include Visa, Mobikwik, State Bank of India, and Punjab National Bank.

Source: MediaNama.com

Amid low response, MMTC extends tender offer for 6% ICEX stake till Nov 29

Nov. 12, 2021

State-owned MMTC has extended its tender offer to sell up to 6 per cent stake in the Reliance ADAG-anchored Indian Commodity Exchange (ICEX) for a fifth time till November 29, following a low response from investors.

We'll be launching more products next year than we did in the last five years combined: Ankur Jain, Bira 91

Nov. 11, 2021

The brand is now focusing on bringing newer products to its consumers. It will also be expanding its reach in an attempt to go deeper into the country.

Source: Business Insider India

View | Mutual funds cold-shouldering Paytm: A healthy sign of not getting carried away

Nov. 11, 2021

Proxy advisory firms and mutual funds are small investors' guardian angels. Domestic mutual funds have served their cause by choosing to plough a lonely furrow ignoring hype (heat) generated by institutional investors in Paytm IPO.

Source: CNBCTV18

FRL-Reliance Retail deal case: SC to hear Amazon, Future pleas for final hearing on Nov 23

Nov. 11, 2021

The Supreme Court indicated that it will conduct final hearing in the Future Retail-Amazon case on November 23, and has stopped Future Group from pursuing the case at any other forum.

Source: Economic Times

NSE Trading Glitches: SEBI Issues Notices to Top Executives of the Exchange, Says Report

Nov. 10, 2021

Market regulator Securities Exchange Board of India (SEBI) has issued show-cause notices to top executives of National Stock Exchange (NSE) for the 24th February trading halt, says a report.

Source: Moneylife

Executive Director of Arch Pharmalabs Limited is accorded with an Honorary Doctorate

Nov. 10, 2021

New Delhi [India], November 10 (ANI/ThePRTree): Dr. Rajendra Kaimal, the honourable Executive Director of Arch Pharmalabs Limited has been conferred with an Honorary Doctorate in Business Management by Dr. APJ Abdul Kalam University and Research Centre.

Source: ThePrint

Executive Director of Arch Pharmalabs Limited is accorded with an Honorary Doctorate

Nov. 10, 2021

Executive Director of Arch Pharmalabs Limited is accorded with an Honorary Doctorate Read more At: https://www.aninews.in/news/business/business/executive-director-of-arch-pharmalabs-limited-is-accorded-with-an-honorary-doctorate20211110164531/

Source: ANI News

Future Retail's shareholder meet to approve deal with Reliance Retail put on hold

Nov. 9, 2021

The meeting which was scheduled to happen later this month was put on hold by the NCLT after Amazon objected to the meet citing an earlier court order.

Source: ET Now

Market LIVE Updates: Sensex, Nifty likely to open in green

Nov. 8, 2021

Stock Market LIVE Updates: Benchmark indices opened in the green but have slipped into the red. They were trading over 0.2% down. Most broader market indices had opened in red but have seen recovery. Among sectoral indices, BSE telecom and capital goods are showing about 1% gains.

Source: Mint

Paytm IPO 18% subscribed, SoftBank’s Son calls it ‘great event’

Nov. 8, 2021

■ Retail investors snapped up 78% of the shares allotted to them. ■ Non-institutional investors bid for 2% of shares in their quota. ■ Qualified institutional buyers bid for 16.78 lakh of the 2.63 crore shares meant for them

Source: Economic Times

Paytm's valuation should be higher than when we invested in it: SoftBank CEO

Nov. 8, 2021

SoftBank founder and CEO Masayoshi Son said Paytm’s initial public offering (IPO), which opened for subscription on Monday, should be a “great event” for the Japanese investment giant.

Source: Economic Times

BE Lights with Bira 91's Deepak Sinha

Nov. 6, 2021

As the content pool grew, attention span inevitably got shorter and short format ..

Source: ETBrandEquity.com

Paytm may consider Bitcoin offerings if India legalises crypto: Report

Nov. 5, 2021

Paytm, India’s digital payments pioneer, would consider bitcoin offerings if the nation’s authorities removed regulatory uncertainty surrounding the adoption of crypto currencies.

Source: Business Standard

ATM co AGS betting on cash-recycling machines, files papers for Rs 800cr IPO

Nov. 5, 2021

IPO-bound AGS Transact Technologies, whose mainstay is the ATM management business, is betting big on cash-recycling machines generating the second wave of demand for automated teller machines.

Source: Times of India

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