Corporate & Markets
Series A: Zolve raises Rs 300 cr at Rs 1,575-cr valuation
The round is being touted as one of the largest Series A funding rounds in the Indian start-up ecosystem till date. This funding round raises the 10-month-old company’s valuation to Rs 1,575 crore
Policybazaar parent firm sets IPO price band at Rs 940-980
The IPO includes a fresh issue of equity shares aggregating up to Rs 3,750 crore and an offer for sale by the existing shareholders aggregating up to Rs 1,960 crore at the upper end of the price band
Zee-Invesco tussle: NCLT adjourns case to November 16
The Mumbai bench of the NCLT, which heard the case again on Wednesday, adjourned it to November 16 for directions. The tribunal had earlier adjourned the case as it wanted to hear the Bombay HC’s ru
IndusInd Bank Q2 profit up 72% on higher income, lower provisions
Restructured advances constituted 3.6% of the bank’s loan book. “If you look at our conservative simulation of credit costs from the restructured pool, I think we are well provided to take care of
International Labour Organisation sees slow recovery of labour market
At the equivalent of 125 million, the global working hours worked in the current year will be 4.3% below the pre-pandemic levels (the fourth quarter of 2019), the ILO said in its latest report on the
Aluminium industry flags coal crisis to PMO, warns of risk to a million jobs
The government had stated earlier that around 0.3 MT of coal is being supplied to the non-power sectors such as aluminium, cement and steel to meet their demand on a daily basis.
Centre gets Rs 6,665-crore final dividend from BPCL for FY21
The board of directors of BPCL had earlier declared and distributed two Interim dividends during the year 2020-21, totalling to Rs 4,555 crore (Centre’s share about Rs 2,413 crore).
Covid-19 vaccine Covaxin approval: WHO seeks more data from Bharat Biotech for Emergency Use Licensing
Soumya Swaminathan, WHO chief scientist tweeted that TAG had asked for additional clarifications from the company to conduct a final EUL risk-benefit assessment for global use of Covaxin.
Paytm Insuretech raises Rs 920 crore from Swiss Re
Paytm Insuretech plans to leverage Paytm’s customer base and merchant ecosystem to develop innovative insurance products and offer the best-in-class solutions.
Three corporate houses join to form Marengo Asia Healthcare
Samara Capital, along with Havells Family Investment Office and Godrej Family Investment Office, have come together to form Marengo Asia Healthcare, a platform to operate multispecialty hospitals
Less coal supplies from CIL subsidiaries leave Damodar Valley Corporation’s thermal units with no stock
The 500 MW Chandrapura TPS, 2,340 MW Mejia TPS and the 1,200 MW Raghunathpur TPS have no coal stock at their plants.
We want to be cautious about entering the credit business: Rishi Gupta, MD & CEO, Fino Payments Bank
Of our revenues, 30%-odd is remittances. Another 30-35% is the cash withdrawal product, which is micro ATM and AePS (Aadhaar enabled payment system).
Yields on Treasury bills rise as investors turn cautious
Yields on T-bills maturing in 91 days rose by 11 basis points on Wednesday. Those on 182-day and 364-day were up by 13 bps and 9 bps, respectively. The Reserve Bank of India (RBI) accepted the full am
ITC: Stock under pressure on proposed tobacco tax policy
India is currently at c.55%; there are countries on either side i.e. lower as well as higher, with some even at c.80%.
Indian Overseas Bank net profit spurts 154%; bad assets decline
Sengupta said the bank had total cash recovery of Rs 831.77 crore which includes recovery from tech write off of Rs 428.61 crore, against Rs 751.97 crore (including recovery from tech write off of Rs
IiAS flags Rs 200-cr debt raising plan by Inox Wind
The proxy advisory firm cited high equity dilution at current stock price, and increase in leverage in case of debt raise as the reason for flagging against the fundraise.
‘Alliance with SILS to help add next-generation vaccines, drive long-term growth’
The alliance with Serum Institute Life Sciences (SILS) provides Biocon Biologics an asset-light and accelerated entry into the vaccines segment.
Real estate sentiment index at historic high in Q3 of 2021
The index captured the rebound in stakeholder sentiments in residential and office segments, as the second and more virulent Covid wave subsided.
Consumer affairs ministry likely to finalise e-commerce rules in November
The feedback received are under consideration and meetings have been continuing to finalise those rules, Nandan told reporters.
Sugar exports may face some challenges this season
Addressing the All India Sugar Traders Association (AISTA) on global sugar, he said that last year India was able to export 7.2 million tonne of the sweetener to various destinations and almost 50% of
India losing out on paper exports to China; mills shut down for input cost hike
Indian paper exports, which had reached to almost 1 lakh tonne per month with China demanding fresh Indian paper instead of imported old corrugated cartoons (OCC), are now badly hit. High production c
Bajaj Finance net profit up 53% to Rs 1,481 crore
Loan losses and provisions for the quarter stood at Rs 1,300 crore, as against Rs 1,700 crore in the September quarter of FY21. Total provisions in the first half of FY22 stood at Rs 3,051 crore.
Analyst Corner: Maintain ‘add’ on CEAT with revised target price of ₹1,480
Growth momentum continues to be led by organic growth in CV and PV segments coupled with new PV order wins (e.g. Nissan Magnite, Renault Kiger, Mahindra Thar).
CLP India rebrands as Apraava Energy
Expects ‘meaningful’ Indian ownership in next five years; to double power portfolio through renewable energy
Advertisement
US Stock Market
View All- US stocks rise amid positive early earnings results
- Tesla’s market cap now more than top 5 BSE companies combined; Elon Musk’s wealth grows $36 billion
- Made gains in US stocks? Here’s how to report your foreign earnings in ITR
- Inflation, supply chain hiccups hit Wall Street but retail investors remain net buyers of stocks
- Inflation concerns, rising crude oil prices hint at mounting risk for US stock markets, says Chris Wood
Most Read
- Iran hosting a multilateral meeting to discuss Afghanistan; Six countries invited
- Nykaa IPO opens tomorrow, grey market premium strong; should you subscribe or not?
- Experience a 5-star hotel like stay with Indian Railways' Buddhist Circuit Train; See features & other details
- Share Market HIGHLIGHTS: Sensex tanks 434 pts from day's high, Nifty gives up 18250; Axis Bank top drag
- Policybazaar IPO to open next week; Check dates, issue size, price band, other bid details
- An Indian teacher building bridges in Ethiopia
- What is La Nina and why India may witness coldest winters in January, February 2022
- Coronavirus News Highlights: COVAXIN added to approved list of vaccines for travel to Oman without quarantine; 7 cases of Delta Plus variant reported in Karnataka
- Jefferies increases target price of this Rakesh Jhunjhunwala-owned stock; share gains 5%
- Maruti Suzuki, Zee Entertainment, Axis Bank, Kotak Bank, Bharti Airtel, Vodafone Idea stocks in focus
Advertisement
Top News
- Market LIVE: Sensex tanks 600 pts on F&O expiry day, Nifty support at 17950; ICICI Bank top dragger
- Want to open Atal Pension Yojana account? Now onboard through Aadhaar eKYC
- Indian Railways Local Trains Update: 100% Mumbai suburban services from today! Check details
- Top 10 mutual funds to buy this Diwali which can grow your wealth
- BrandWagon Conclave 2021 LIVE: ‘Audiences have become far more aware of the quality of content'
- Why Punjab has seen unprecedented rise in dengue cases this year
- Corona LIVE: At 16,156, India reports sharp spike in fresh infections
- Dearness Relief Hike: New DR notification puts more money in hands of pensioners!
- Paytm IPO opens Nov 8; check price band, lot size, bid details for India's largest public issue
- Nykaa IPO opens: Grey market premium strong, anchor investors put in Rs 2,395 crore; should you subscribe?
Advertisement
