Bira 91 Plans To Go Public In 2026
Bira 91, a popular Indian craft beer brand, has announced its ambitious plan to go public in 2026. Currently, the fourth-largest beer company in India, Bira 91 boasts a 5% market share in key regions. According to ET reports, the company has hired investment bank Morgan Stanley to guide them through the pre-IPO process. “We […]
HDFC Bank Approves Potential IPO of HDB Finance
HDFC Bank Ltd, India’s largest private lending firm, has confirmed the approval for initiating its subsidiary HDB Financial Services. This development comes amidst a broader push by RBI for the Non-Banking Financial Companies (NBFCs)that belong to the upper layer to list themselves on the stock exchanges. Key Details Of The IPO Approval In July 2024, […]
Kochi Airport to Start Fast Track 20 Second Self Immigration System.
Kochi Airport, officially known as Cochin International Airport Limited (CIAL), is set to revolutionize the immigration process with a state-of-the-art self-authentication system. It will become the second airport after Indira Gandhi International Airport, New Delhi, to implement the Union Ministry of Home Affairs (MHA)’s prestigious ‘Fast Immigration — Trusted Traveller Programme’ (FTI-TTP). This innovation will […]
Swiggy Launches $65 Million ESOPs Liquidity Programme Ahead Of IPO
Swiggy, a leading food delivery company, has launched its fifth employee stock options (ESOPs) liquidity program, worth $65 million (Rs 543.5 crores). This initiative is supported by investors like Softbank, Prosus, and Invesco. The company aims to retain its talent and build loyalty among its workforce while adjusting to a slower market and managing increased […]
Understanding the Risks and Returns of Pre-IPO Stocks
Investing in the Stock Market is risky. While Listed companies are heavily regulated by SEBI, Unlisted companies are less regulated, Thus there is a risks in pre-ipo shares. At the same time, investing in unlisted companies always has higher growth potential as many of them are either in the early stages or are established and […]
HDFC Bank Plans To Sell 20% Stake Of HDB Finance
HDFC Bank – India’s largest private sector lender – is exploring opportunities with private credit funds to divest a 20% stake in its housing finance subsidiary, HDB Financial Services. This move will result in changing HDFC’s portfolio, having far-reaching implications for both entities. Why is HDFC selling its stake? While the official reasons for the stake sale […]
OYO Raises $50M From InCred Wealth and Investment, Valuation Cut By 76 %
OYO, the online hotel aggregator, has successfully secured an investment of ₹417 crore ($50 million) from InCred Wealth and Investment. Entrackr states this new investment values OYO at ₹19,756 crore ($2.38 billion). This is a significant 76% decrease from its peak valuation of nearly $10 billion. The sharp decline in valuation highlights the substantial challenges […]
HNI’s Purchasing Swiggy Unlisted Shares before Swiggy IPO-Prosus, Accel, Elevation Selling Them
A group of initial investors of Swiggy are selling their shares and partially reducing their stake in the food delivery enterprise. This strategic move comes ahead of the much-anticipated IPO later this year as per the reports. These shares will be acquired by new investors who are optimistic about the company’s future growth potential. Sources […]
Hexaware Plans To Hire 8000 Employees Globally
Hexaware Technologies, a leading global technology solutions provider, has announced an expansion of its workforce. The company plans to hire between 6,000 and 8,000 employees globally in 2024, subject to favorable market conditions. This announcement opens exciting opportunities for talented individuals across various domains. What does this mean for Indian job seekers? This hiring spree […]
Waaree Energies Secures 900 MW Solar Module Contract In Rajasthan
Waaree Energies Ltd., a leading solar power company and India’s largest solar PV module manufacturer has signed a contract with Serentica Renewables India Private Limited. This deal is to supply 900 MegaWatts (MW) of solar modules for a major solar power project in Rajasthan. The successful completion of this project will be a major leap […]
