Eyewear retailer Lenskart Solutions is gearing up to launch its initial public offering (IPO) on October 31, aiming to raise Rs 2,150 crore through a fresh issue of shares. This marks its much-awaited entry into the public markets.
Eyewear retailer Lenskart plans to add 450 stores in the current financial year, its fastest expansion in three years, as the company prepares for a public listing that could value it at up to $10 billion. The addition would take Lenskart's store count to more than 3,150 across 14 countries, representing a 34 per cent rise from the 334 stores opened last year.
Veteran industrialist and former Tata Group chairman Ratan Tata is looking to sell all 77,900 shares of Brainbees Solutions Ltd, which owns omnichannel baby and mother-care product platform FirstCry, in the upcoming IPO. Tata became an investor in the company in 2016 by infusing Rs 66 lakh initially. He was allotted preference shares of the company.
India lose 3-4 against Germany in shoot-out, to face Japan for Paris berth
After the 1-5 drubbing from world No. 1 the Netherlands, the Indians lifted their game but it was not enough to get past world No. 3 and Rio Games bronze-medallists Germany in their second Pool A match at the Oi Hockey stadium.
Five metres below the surface of the North Sea, near the southernmost tip of Norway, Europe's first underwater restaurant is now complete. Welcome to Under -- Europe's first underwater restaurant. Designed by Norwegian outfit Snhetta, the building is part-sunk into the sea and is encased in a concrete shell designed to withstand the harsh conditions on the seabed of Norway's rugged southern coast. Take a tour of the fascinating place.
Andy Murray was targeting a return to the tour at the Miami Open in March before the season was suspended due to the COVID-19 pandemic.
Domestic investors have been increasingly investing in overseas stocks in a bid to diversify their portfolio. US stocks are the favourite for individual investors, though they have been increasingly looking at Chinese equities given the relatively attractive valuations. However, the regulatory crackdown in China and the latest concerns around Evergrande default have resulted in sub-par returns for investors. Edelweiss Greater China Equity Off-shore Fund and Axis Greater China Equity Fund of Fund are down 11 per cent in the past three months, the data from Value Research shows.
Klay Thompson chipped in with 21 points for the Warriors, who won their third straight overall and ninth in a row at home to maintain their No. 6 position in the Western Conference playoff race.
'If you wish to make a big-ticket purchase on EMI without having to pay additional charges, no-cost EMI would be the right choice for you.'
'The clean break between Russia and Europe that this foolish attack is creating may actually last long.' 'It will undermine Europe and benefit the US and China.'
A look at the gold medalists on Day 12 of competition at the London Olympics on Wednesday.
India is a classic emerging market, which, with economic liberalisation, has unleashed a prolonged period of rapid economic growth.
'While the country has been hit hard from a strong second wave of Covid, we believe the markets are willing to look through that.'
As per media reports four global financial giants, including Schroders, Blackstone and US-based Capital, have submitted offers to Reliance Capital for buying a small stake in its mutual fund business -- Reliance Capital Asset Management.
One of Lutyens' Delhi's much sought after addresses, 1 Prithviraj Road, is being put up for sale. Anil Thadani, the founder of private investment advisory firm Schroder Capital Partners, is the owner of the property, which is just under one acre. Sources told Business Standard that the property was being valued at Rs 60-80 crore (Rs 600-800 million).
The domestic mutual funds such as Reliance Mutual Fund and Tata Asset Management Company are in advanced talks with global fund houses and investment advisors, in an attempt to offer global investment products to their Indian investors.
Bucks hold moment of silence for Wisconsin parade attack victims.
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The government is likely to file an appeal against the Cairn arbitration award contesting its sovereign rights to tax, sources said.
LA Lakers confident ahead of NBA season.
Investors attribute some of the growth in Indian stocks, that saw Bombay's benchmark BSE index rise nearly a third in 2014, to the election of a pro-business government in May, under Prime Minister Narendra Modi.
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