State Bank of India (SBI), the largest lender in the country, has launched a share sale to institutional investors to raise upto Rs 25,000 crore, the biggest qualified institutional placement (QIP) so far by an Indian firm, and has set a floor price of Rs 811.05, which is at a 2.5 per cent discount on Wednesday's closing price.
'Listing of scaled Indian subsidiaries of multinational corporations as well as of Indian conglomerates continues to remain a key theme for IPOs in India.'
More than 30 technology startups, collectively valued at $100 billion, are poised to go public by 2027, signalling a potential rebound in India's stock market activity, according to a report by investment bank The Rainmaker Group. Walmart-owned Flipkart, financial technology (fintech) leader PhonePe, SoftBank-backed Lenskart, Razorpay, Zetwerk, and Meesho are among the top companies preparing to go public in India.
Police have busted a gang conducting a fake T20 cricket tournament in Mehsana Gujarat to take bets from Russian bookies by live streaming the matches and arrested four of its members, an official said on Monday.
The singer-actor walked for Shubhika Davda whose latest collection was quirky, fun and full of drama.
Nature's Basket is changing its offering. Its new strategy zeroes in on pushing joint ventures, focusing on private labels and reentering Delhi.
Tata Starbucks Ltd, the 50/50 joint venture between Starbucks Coffee Co and Tata Global Beverages Ltd.
Photographer Uttam Ghosh/Rediff.com definitely has an eye for the unusual.
The Lakme Fashion Week (Summer-Resort) drew to a close last weekend. With temperatures crossing 40 degrees in parts of the country, these ten immensely summery skirts could well be your answer to the bright, harsh sun!
Start-up Belong.co uses an unconventional way of hiring that trusts more on data available on social media or tweets than the resume.
Being trendy was never this simple!
Relations between founders and investors in the start-up universe - remains as tricky as ever.
The company's Indian operation, a joint venture with Tata Global Beverages, has got a new CEO.
He will be in Mumbai for a day to deliver a keynote address at Future Unleashed.
The OrcaPod is a prototype of what comes after boats, cars, trains and planes. It's India's foray into what Tesla founder Elon Musk calls the 'fifth form of transportation' and India's only entry at the ongoing Hyperloop competition by Elon Musk's SpaceX.
With the help of Practo Ray, doctors can share reports.
Lakme Fashion Week that drew to a close over the weekend saw dozens of celebrities walking the ramp for their designer friends. Which, obviously, begs the question: Who's the hottest of them all?
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