Category: Breaking News
Ahead of IPO, DAM Capital Advisors collects Rs 251 crore from anchor investors
DAM Capital Advisors has raised Rs 251 crore from anchor investors, including prominent names like Nomura, Goldman Sachs, and several mutual funds. The investment bank’s IPO, entirely an offer-for-sale, opens … Read More
Sebi board announces stricter regulations for SME IPOs to improve
Sebi has introduced stricter regulations for SME IPOs, mandating a minimum operating profit and limiting selling shareholders’ divestment to 50% of their stake. These measures aim to enhance transparency, governance, … Read More
ITC ups stake in Oberoi Group & Leela Mumbai ahead of hotel arms Jan 1 demerger
ITC bought more shares of EIH, the parent company of Oberoi Hotels. ITC’s stake in EIH is now 16.13%. ITC also increased its stake in HLV Ltd, owner of The … Read More
Telangana govt teams up with ITServe Alliance to drive IT sector growth in smaller towns
Telangana government signed an agreement with ITServe Alliance. The goal is to create 30,000 IT jobs in smaller towns. This will boost the state’s IT sector. The government will provide … Read More
MobiKwik’s shares jump 85% on trading debut, valued at Rs 40 billion
MobiKwik’s shares surged 85% on their debut, valuing the company around Rs 40 billion. The successful $67 million IPO, oversubscribed by 120 times, highlights the booming fintech sector in India. … Read More
Nissan and Honda consider merger to take on world’s biggest carmaker
Honda and Nissan are in preliminary merger talks, potentially creating a holding company to rival Toyota. This move could also involve Mitsubishi, further consolidating the Japanese auto industry. The discussions … Read More