[Funding News]Tata Capital’s Healthcare Fund Invests $20M In Orbicular Pharmaceutical
Tata Capital saw a great chance in the fast-growing market for special generic medicines. One of their healthcare-focused private equity funds, Tata Capital Healthcare Fund II, invested a large sum of $20 million into Orbicular Pharmaceutical Technologies for an undisclosed stake. This company specializes in developing specialty generic medicines for the global market. These medicines […]
NSE launches Nifty EV & New Age Automotive Index
NSE Indices, a subsidiary of the National Stock Exchange of India (NSE), recently announced the launch of a thematic index, the Nifty EV & New Age Automotive index. The system tracks the performance of those who are part of the electric vehicle (EV) ecosystem or are involved in the development of new-age automotive vehicles or […]
NSE Waives Off Membership Fees for Mutual Funds Distributors
The National Stock Exchange (NSE) has permanently waived the membership registration fee for Mutual Fund Distributors (MFDs) on its NMF platform to encourage the adoption of digital platforms for mutual fund transactions. Previously, MFDs had to pay a registration fee of INR 2,000 (plus applicable taxes) to join the platform. This fee was initially waived […]
CSK Most Valued Franchise As IPL Valuation Goes Up To 16.4 Million USD.
Indian Premier League(IPL) is one of the biggest cricketing events held annually. Since 2008, we witnessed a massive growth in audience, viewership, sponsorships, and the money invested every year in this tournament. Franchise values and businesses have grown rapidly. American Investment Banker Holian Lokey valued IPL’s business at USD 16.4 Million(approx. 134,858 crores), a 6.5% […]
Chipmaker Polymatech Plans For a $2.5 Billion Revenue by FY26
Polymatech Electronics aims to achieve $2.5 billion (approximately Rs 20,000 crore) in revenue by FY26, driven by its expanded production capacity, CEO and Managing Director Mr Eswara Rao Nandam revealed in an interaction with Financial Express. The company is banking on several key factors to drive its revenue growth, including the rising demand for energy-efficient […]
Swiggy Changes Worker Insurance Policy Based on Driver’s Delivery Performance
Swiggy, one of India’s largest food delivery platforms, has recently announced changes to its worker insurance policy. This new policy links the insurance coverage of delivery drivers to their performance. One possible explanation for this sudden change could be that Swiggy aims to motivate delivery partners to perform better. By linking insurance benefits, which is […]
Barron Capital Elevates Swiggy Valuation from $12.1B to $15.1B.
The Swiggy IPO valuation got a major boost as US-based asset management company, Borron Capital marked up the fair value of Swiggy Investment to $109.2 Million on March 31, 2024. This is a jump from $87.2 million in the previous quarter. Based on Barron’s 2% stake, this brings Swiggy’s valuation to $15.1 Billion, a 25% […]
NSE To Launch One Paisa Ticket Size For Stocks Below Rs. 250.
The National Stock Exchange (NSE) has announced a notable update to its trading parameters, effective June 10, 2024. Under this change, all stocks priced below ₹250 per share will adopt a one paisa tick size, as outlined in a circular dated May 24, 2024. The existing tick size for stocks traded on NSE is 5 […]
Cochin International Airport Gets Permission to Export Pets
Cochin International Airport (CIAL) has achieved another milestone by getting permission to export pets. This new development is a major step forward for pet owners and the pet export industry in India. It opens up new opportunities for pet lovers and businesses that deal with pet transportation. Aviation experts believe this feature boosts the nation’s […]
Reliance to Challenge Blinkit, Swiggy, and Zepto With Its Quick Commerce Service.
Reliance Industries is aggressively increasing its footsteps in the consumer goods market. They came with Reliance Retail to sell goods and its subsidiary Jio Mart is coming up with quick commerce delivery services. This will give direct competition to the likes of Blinkit, Swiggy’s Instamart, and Zepto. Apart from Reliance, Walmart’s Flipkart has also planned […]
