The banned Chinese apps, which include TikTok, Shareit and UC Browser, earn revenue mainly from online advertisements, subscriptions, and commissions for selling products. India is the biggest driver of these Chinese apps due to the population. The ban on the 59 Chinese apps will negatively affect the valuations of the companies, especially those going for IPO.
The sale of government's residual equity in IPCL through public offer received an overwhelming response on the very first day, with bids put in for 6.5 crore.
Mukesh Ambani-controlled Reliance Life Sciences is to invest $63.2 million for a controlling stake in UK's biopharmaceutical company GeneMedix Plc.
In a statement, Fortis said under the accepted offer, IHH would infuse Rs 4,000 crore through subscription to the preferential allotment at a price of Rs 170 per share. The Malaysian firm will then make a mandatory open offer to public shareholders for 26 per cent of the outstanding shares post issuance.
The company's market valuation stood at Rs 10,972 crore in morning trade.
OTT players like Netflix, Hotstar, and Voot are keen to find a common currency to measure viewership numbers and improve advertising options as well as content. Urvi Malvania reports.
Making a debut in India with an SUV, Citroen's products in the next couple of years will clearly chart and define its destiny in what has become both a vibrant but also a daunting market for foreign entrants, says Pavan Lall.
Telecom R&D outsourcing company Sasken Communication Technologies' initial public offer to raise Rs 115-130 crore (Rs 1.15 to 1.3 billion) opens for subscription on Thursday.
While the lockdown hit employment in all age groups, it hit the employment of youngsters who are less than 29 years of age much more. The lockdown also hit women more than it has affected men, reveals Mahesh Vyas.
The initial public offering of the shares of Bangalore-based Biocon Ltd has received bids five times the one crore shares available for subscription within an hour of opening of the biding process on Thursday.
India's first liquefied natural gas importer Petronet LNG Ltd will debut on the stock markets on March 26 when 260 million equity shares will be listed on the Bombay and the National stock exchanges.
The bidding for Petronet LNG Ltd's initial public offering has received a good response with subscription of 2.42 times the offered shares at the end of the bidding process on Tuesday.
Down the rabbit hole with Cooper Hefner :)
Lumia 640 XL will begin rolling out globally in March.
BAG Films Ltd on Monday said its public issue of 1.48 crore equity shares has been over subscribed by 6.7 times.\n\n\n\n
Tata Power Company Ltd has informed BSE that the company has on Friday signed a subscription agreement with Power Trading Corporation of India Ltd to acquire upto 10 million equity shares of Rs 10 each.
Out of 11 companies that got listed in 2019, nine have outrun the market by gaining more than 10 per cent against their respective issue price.
Indian firms selling SAAS products have got a bonanza as companies meet, manage and sell remotely. The top five firms - Zoho, Freshworks HighRadius, Druva, and Icertis - account for 33 per cent of the market share. Chennai, India's SAAS centre, alone generates $1 billion in annual revenue. Yuvraj Malik explains how these companies are planning their next phase of growth.
Bindisha Sarang takes a look at Vodafone's RedX and Airtel's new plan.
OIL, which produces 3.5 million tonnes a year of oil, will offer 2.64 crore equity shares to public in the IPO, while the government will simultaneously sell 10 per cent of its stake in the company to state refiners.
OIL, which produces 3.5 million tonnes a year of oil, will offer 2.64 crore equity shares to public in the IPO, while the government will simultaneously sell 10 per cent of its stake in the company to state refiners.
Analysts say large issue sizes and high prices were key reasons for the poor response to IPOs of other public sector insurance entities. The high share price meant small investors did not foresee any listing gain
OIL, which produces 3.5 million tonnes a year of oil, will offer 2.64 crore equity shares to public in the IPO, while the government will simultaneously sell 10 per cent of its stake in the company to state refiners. An 11 per cent fresh equity would be sold in the IPO while the government would divest 10 per cent of its stake at the IPO price.
The GSM-based mobile operators in the country added 8.3 million subscribers in May taking the total subscriber base to 306.4 million.
The scrip of Yes Bank on Tuesday listed on the Bombay Stock Exchange at Rs 65 per share, a 44.4 per cent premium to the issue price Rs 45 per share.
The MG ZS EV, to be unveiled next month, will go head to head with Hyundai Kona, launched in July this year as the country's first fully electric SUV.
The Securities and Exchange Board of India (Sebi) is planning to reduce the time gap between opening of an issue and the listing of securities on the bourse and make the registration norms for foreign institutional investors (FIIs) more flexible.
'A decade ago, even though the sentiment might have been felt in large parts of the media, it was not expressed.' 'There was a reserve and there was a culture that adhered to the principles expressed in the Constitution,' observes Aakar Patel.
With razor-sharp focus on deliveries and customer experience, powered by strong in-house technology built ground-up, Swiggy is emerging as the food ordering platform of choice.
Without doubt, bears have raided. We try to fathom what further damage could they cause, for how long and how to cope with it.
Earlier last month, SBI had priced its rights share at Rs 1,590 per share (face value Rs 10 each). Even after decline in its price in the recent days, SBI share was ruling at over 25 per cent premium over the rights issue price. The scrip was ruling at Rs 2,131.90 in the afternoon trade on BSE on Friday, down 1.08 per cent from Thursday's close of Rs 2,155.20.
Four Soft, a Hyderabad-based supply chain management software solutions firm, plans to raise Rs 15 crore through an initial public offering of 1.5 million equity shares at a premium of Rs 90 a share.
Share prices of 17 of the 20 companies, which floated their initial public offers (IPOs) during the period, are now trading below their issue price. Twelve issues were listed below their offer price.
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