Retail investors placed bids for 72.21 Lakh shares against 1.81 Cr shares reserved for them, translating to 40% subscription
Employees led the early participation, with the quota reserved for them oversubscribed 2.08X. They placed bids for 2.74 Lakh shares against 1.32 Lakh shares on offer
The NII’s category received just 5% subscription, receiving bids for 12.46 Lakh shares against 2.71 Cr shares available for bidding
Fintech major Pine Labs’ IPO saw a slow start,…
Ben John, known for leading Microsoft’s AI CoPilot data platform and cofounding Xandr, brings over two decades of experience in AI and adtech
John will guide Mobavenue’s AI-led innovation strategy, work on its deeptech architecture, and support go-to-market initiatives to scale its global footprint
The bootstrapped startup, founded in 2017, helps brands advertise beyond walled gardens through its full-stack madtech platform
Mumbai-based marketing and programmatic…
The coworking space provider reported a net loss of INR 3.1 Cr in the September quarter of 2025, down 80% from INR 15.8 Cr in Q2 FY25
The stock was down 7.9% at INR 551.50 on the BSE at 10:55 IST. The company’s market capitalisation stood at INR 6,311.41 Cr (around $711.5 Mn)
About 60% of the company’s demand comes from non-IT sectors like BFSI, consulting, and manufacturing
Shares of coworking space provider Smartworks slumped as much as 9.6% to INR 541.35 today, despite the company posting a strong top line…
Ola Electric
slammed the brakes on its chase for market share in Q2. As a result, the EV maker’s revenue and deliveries plummeted, but losses also shrank. This contrasting combo was no accident, but a deliberate pivot away from the aggressive discount culture in the EV space.
Steering To Profitability: The quarter saw Ola Electric focus more on its margins and product quality. The pain was evident in its vehicle deliveries, which fell sharply. The reward,…
While TVS Motor will sell 11,997 Series D CCPS of Rapido to Accel worth INR 143.96 Cr, it will divest another 11,998 Series D CCPS to Prosus for a sum of INR 144.97 Cr
The auto maker said that the deal, which aims to “monetise” its investment in Rapido, will be subject to regulatory approvals obtained by the two acquirers
This follows another investor and foodtech major Swiggy, last month, also approving the sale of its stake in Rapido to Westbridge and Prosus for about INR…
The company allotted 7.93 Cr equity shares to 71 anchor investors, including SBI, Nomura India, HSBC, ICICI Prudential, among others
Of the 7.93 Cr shares, 3.75 Cr shares (or 47.26% of the total allocation) were allocated to 12 domestic mutual funds through a total of 30 schemes
Pine Labs’ IPO will comprise a fresh issue of up to INR 2,080 Cr and an OFS component of up to 8.23 Cr shares
Ahead of the commencement of bidding for its public issue today, fintech major
Junio Payments has secured an in-principle authorisation from the Reserve Bank of India (RBI) to issue prepaid payment instruments (PPIs)
Junio plans to roll out a wallet linked to UPI, allowing users to scan any UPI QR code and make payments even without a bank account
The wallet will primarily serve children, teens, and parents, integrating convenience with financial learning
Fintech startup Junio Payments has secured an in-principle authorisation from the Reserve Bank of India (RBI) to issue prepaid payment…
When Thirukkurungudi Vengaram Sundram Iyengar, the Indian industrialist who founded the TVS Group, introduced intercity passenger bus service in Tamil Nadu in 1912, India barely had any organised bus services. At the time, most people relied on trains for long-distance travel and bullock carts for shorter routes, while motor cars were accessible only to a wealthy few.
Today, 40% of India’s road-based travel demand comprises buses. While a large part of this percentage consists of unorganised, local players, tech-driven companies are…
Important to mention that the company’s shares touched a fresh 52-week high of INR 489.95 during intra-day trading on November 4
The selling pressure for the company’s stock today comes at the behest of the company plunging into losses in Q2 FY26, reporting a net loss of INR 50.5 Cr as against a profit of INR 10.2 Cr in the year-ago quarter
Notably, on July 18, Delhivery completed the acquisition of Ecom Express and expects to bear a total integration cost of INR 300 Cr over the…
ED has attached assets worth INR 11.14 Cr belonging to cricketers Suresh Raina and Shikhar Dhawan in connection with endorsement of illegal betting platform 1xBet
ED said that it has provisionally seized INR 6.64 Cr worth of mutual fund investments held in Raina’s name and an INR 4.5 Cr “immovable property” owned by Dhawan
The action was taken under the Prevention of Money Laundering Act (PMLA), 2002 as part of its investigation into alleged unlawful endorsements of the…
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