SEBI Directs Lava International To Refile IPO Papers: What Does It Mean?
The capital market regulator Securities Exchange Board of India (SEBI), asked Lava International Pvt Ltd to refile the IPO draft with certain revisions. The home-grown mobile manufacturing company filed a first Draft Red Herring Prospectus (DRHP) with SEBI in September 2021. Lava International planned to raise the fund through the initial share sale. This decision […]
Everything On Beer Cafe And Bira91 Shares Swaps
Indian beer-making company, Bira91 has acquired leading domestic alco-beverage chain ‘The Beer Cafe’ in an all-stock deal for an unannounced price, days after Bira91 acquired UP-registered brewery Kamakhya Beer & Bottling Limited in a share swap deal. In an all-stock deal, the Beer Cafe made the pub a wholly owned subsidiary of Bira91, and the […]
Did SEBI Return Fincare Small Finance Bank’s IPO Papers Again?
Coming up with stricter policies, the Securities Exchange Board Of India (SEBI) has rejected more than 5 IPO documents in the past few months. The board has rejected the IPO plea of Oravel Stays, Go Digit General Insurance, BVG India, and Fincare Small Finance Bank along with a few others. The offer documents of these […]
With Brand New Business Jet Terminal, Cochin International Airport Enters Elite Club
Flying to or from Kochi is now more luxurious with the launch of CIAL’s dedicated Business Jet Terminal. The biggest of its kind in the country, the terminal has been operational since December 2022. After inaugurating the new Business Jet Terminal, Pinarayi Vijayan, Honourable Chief Minister of Kerala and CIAL Chairman said that transformation and […]
Indofil Industries – Excellent Revenue Growth For An Agrochemical Company
In 2021, Indofil Industries, for the first time in a decade, achieved a sales figure of Rs. 1000 crore in the domestic market – as reported by Newsroom Post. Established in 1962, Indofil Industries is one of the leading agro-chemical manufacturers, distributors, and marketers with a fully integrated framework across products. The company exceptionally performs […]
OYO Becomes The Biggest Hospitality Tech In Indonesia
“Milestone alert 🙂 We are now the biggest hospitality tech platform in Indonesia with over 2,500 exclusive hotels available for bookings across 180+ cities! We have hosted over 13 million guests since 2018, recording 15x growth!,” The hospitality sector was the worst hit by the business restrictions in the last three years. After the borders […]
Reasons For OYO’s Major Management Shuffle Ahead IPO
OYO, the hospitality unicorn of India, shuffles its management ahead of its IPO. The major headline amid this news is about the senior management in which Abhinav Sinha, Global COO, is expected to take on the Chief Products and Technical officer role. The decision of management shuffle comes when OYO is planning to bring its […]
Making Wearables Accessible In India- boAt’s Journey So Far
Indian wearable market grew 47%, shipping 100 million units in 2022 – The Economic Times report. The boAt is one of the leading wearable brands in India, making its place among India’s top three wearable brands including Noise and OnePlus as per the reports. When boAt was launched in 2016, hundreds of unicorn brands were […]
Capgemini Results On IT Services Predict Soft Landing
Capgemini has delivered an incredible performance in the last year but has predicted a soft landing for IT. Capgemini’s advice on revenue growth and market behaviour becomes essential as many companies have abstained from giving guidance for the financial year 2023-24. As the market remains volatile, and the risks of inflation and insecurities in the […]
Know Everything About NSE’s Brand New Municipal Bond Index
NSE Indices Ltd., a subsidiary of NSE, said on February 24, 2023, it had introduced the country’s first-ever municipal bond index. There is uncertainty circling around the functioning and methodologies that this new Index will follow. It is rather crucial to have a clear understanding of this new issuance to make a worthwhile investment decision. […]
