As equity markets navigate through a period of heightened volatility, Union Home Minister Amit Shah has offered advice to investors, urging them not to directly correlate stock market movements with the ongoing Lok Sabha elections. Shah’s remarks come amidst a backdrop of uncertainty fueled by various factors, including election-related speculation and foreign selling, which have…
Go Digit General Insurance Limited’s Initial Public Offering (IPO) begins today, Wednesday, May 15, and will be open for subscriptions until Friday, May 17. The IPO plans to raise ₹2,614.65 crore by issuing new shares and conducting an offer-for-sale (OFS). The fresh issuance is valued ₹1,125 crore, while the OFS entails the selling of 54,766,392…
In a recent development, Air India Express has taken a drastic step by terminating 25 senior cabin crew members following a mass sick leave protest by over a hundred senior cabin crew members. The airline issued termination letters to the protesting employees, accusing them of breaching employment terms and causing disruptions to the airline’s services….
The e-commerce market is rapidly expanding in modern India, with new companies entering the scene daily to offer convenience and variety to consumers. But what truly powers this booming e-commerce world? E-commerce thrives on the spirit of entrepreneurship. This vibrant sector owes its success to the innovative ideas, risk-taking abilities, and passionate drive of entrepreneurs…
Warren Buffett-led Berkshire Hathaway neared a $1 trillion market value on Monday after reporting its second consecutive record annual profit, positioning it among a select group of American companies. The 93-year-old Buffett reassured shareholders that the investment conglomerate, now the largest financial firm by market capitalization, was “built to last.” Berkshire’s Class A shares rose…
Mumbai, May 20, 2024 – Significant developments are anticipated for Indus Towers, India’s largest mobile tower installation company, as a major block deal is expected tomorrow, May 21. According to sources quoted by CNBC Awaaz, Foreign Institutional Investors (FIIs) are likely to sell shares worth Rs 270 crore, equivalent to 80 lakh shares, through this…
The domestic equity benchmark indices, Sensex and Nifty 50, are expected to open higher on Friday following a positive trend in global markets. Asian markets traded higher, while the US stock market closed in the green overnight amidst renewed hopes of interest rate cuts by the US Federal Reserve after weak employment data. On Thursday,…
SUMMARY Zomato’s offer reportedly values the SaaS logistics platform Shiprocket at about $2 Bn but a final decision has not been made Shiprocket had raised $185 Mn in its Series E round co-led by Zomato, Temasek, and Lightrock India in 2021 The startup was last valued at $1.2 Bn following a $33.5 Mn fundraising last…
New Delhi: M2P Fintech, a digital banking infrastructure company, has acquired Goals101, a firm specializing in transaction behavioural intelligence, for approximately ₹250 crore. The move will enhance M2P Fintech’s data analytics offerings to its clients. Goals 101, a seven-year old company, has developed a platform that runs on advanced algorithms and analytics tools which provide…
In India, startup funding has declined to a five-year low figure in 2023 — $7 billion as compared to $25 billion received in the previous year, a nearly 73% decline from funding recorded in 2022 amid a worsening global macroeconomic environment tossed by geopolitical tensions. According to research platform Tracxn data, as of December 5,…
