HDB Financial Services IPO looms as HDFC sets stage to list its NBFC subsidiary
HDB Financial Services is a leading Non-Banking Financial Corporation (NBFC) that primarily deals in vehicle loans, loan-against-property, and personal loans. This non-deposit-taking company provides financing to micro/small and medium enterprises (MSMEs) across India. The firm operates with a capacity of 1600 branches across India and is one of the largest finance companies in terms of […]
Hero FinCorp Unveils New Brand Entity
India is aggressively making strides towards social and economic progress, marked by exponential growth owing to The Prime Minister’s vision for Vikshit Bharat. There is a renewed wave of development and determination, a sense of bridging the gap between higher economies with grassroots that is visible as a part of growing industrial trends. Joining hands […]
Swiggy Shareholders give a nod for a $1.2 billion IPO.
Food delivery start-up Swiggy recently got approval from its shareholders for its $ 1.2 billion ( Rs Around Rs 10,400 crore) for its public offer of shares. This will be an IPO (Initial Public Offer).As per the regulatory filing in RoC (Registrar of Companies), Money Control reported that on 23rd April, a special resolution was […]
ChrysCapital raises $700 M to maintain its share in NSE
The National Stock Exchange has been increasing, not just in terms of financials but also net worth. India’s private equity ChrysCapital raised new funds worth $700 Million and rebought their purchased themselves out to maintain their stake in NSE. This “continuation fund” allows ChrysCapital to maintain its stake in NSE, where it first invested in […]
Swiggy CTO Moves On To Start His Entrepreneurial Venture
Dale Vaz, the CTO of Swiggy left his position in April. This news sent surges through the Indian tech startup ecosystem, as Vaz was a well-respected figure with over 20 years of experience in building and scaling complex tech platforms. Under his leadership, Swiggy implemented cutting-edge technologies like AI-powered logistics management, machine learning for demand […]
Swiggy’s makes delivery partner attend IPL match, warms hearts
In a heartening gesture, Swiggy, India’s leading food delivery company, made headlines recently by granting one of their delivery partners a chance to attend an IPL match. This act of kindness has won the hearts of many and showcased swiggy’s commitment to appreciating their hardworking delivery partners. What Happened? Recently, Swiggy did something special for […]
NSE cuts transaction charges by 1%, plans exit from non-core businesses
The NSE in India decided on March 11, 2024, to reduce its transaction charges by 1% for cash equity and equity derivatives. The reduction in fees will be effective from April 1, 2024. Currently, the transaction fee in the equity delivery also known as the cash segment is 0.00325% and in the derivatives segment is […]
‘Make in India’ helped boAt to become the world’s second-largest audio brand: Aman Gupta
Aman Gupta, a successful entrepreneur and a well-known judge on Shark Tank India, recently attended the National Creators Award ceremony in Delhi. He was nominated for the Celebrity Creator of the Year award. During the event, Aman shared how Make in India has played a big role in the success of boAt, which is the […]
Swiggy’s pre-IPO valuation reaches $12.1 Billion, what does the future hold?
As Swiggy, the Indian food delivery giant, approaches its much-anticipated Initial Public Offering (IPO), its valuation has surged to an impressive $12.1 billion. This reflects the company’s robust growth trajectory in its future prospects. With its IPO on the horizon, Swiggy’s soaring valuation underscores its position as a key player in the online food delivery […]
Tata Group Eyes Mega $1-2 Billion IPO for Its EV Business
Tata Group is all set to grow and is eyeing its EV business’s mega $1 to 2 billion IPO. Reports in the many top business newspapers on February 26, 2024, confirm that Tata Motors will launch an IPO of its subsidiary EV or electric vehicle business in the next year or two. Tata Motors’ share […]
