‘We Are Ready Just That….’ HDB Officer Reveals IPO Plans.
HDB Financial Services is waiting for approval from its parents HDFC Bank before going forward with their listing process. HDB plans to open around 200 branches in the current fiscal year as the NBFC aims to grow its loan book and operations. “We are ready; it’s just that when we will be asked to, the […]
NSE Launches Its Tourism Index-Check The Components
On June 18th, 2024, the National Stock Exchange(NSE) subsidiary, NSE Indices Limited launched their new thematic Index named Nifty India Tourism Index. Let’s understand the functioning and components of this NSE index. What Does This Index Mean? The Nifty India Tourism Index aims to track the performance of stocks from the Nifty 500 Index, representing […]
SEBI Wants Better Transparency, Tightens IPO Disclosures.
To speed up the IPO Approval Process, the market regulator has decided to seek 31 additional disclosures from companies planning to go public. On May 24, the Securities and Exchange Board of India sent letters to bankers seeking these requirements. Problems In Current IPO Filing. From 2024, more than 45 IPO Applications were filed. However, […]
Waaree Energies Tops PVEL’s Reliability Benchmark for 3rd Consecutive Year
Waaree Energies Ltd has once again achieved recognition as a top performer in the 2024 Kiwa PVEL PV Module Reliability Scorecard. This marks the third consecutive year that Waaree has received this prestigious recognition. The company’s consistent performance highlights its strong commitment to quality and excellence in the solar energy industry. Winning this honor for […]
[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 […]
