Forwarded from Moneycontrol
#ICYMI: Zomato received a strong response from both global and domestic institutional investors for its anchor book.
Check the complete list of anchor investors here: https://moneycontrol.com/news/business/ipo/zomato-ipo-anchor-book-186-funds-participate-74-mf-schemes-pick-up-stake-check-full-list-here-7170441.html?utm_source=telegram&utm_medium=social
Check the complete list of anchor investors here: https://moneycontrol.com/news/business/ipo/zomato-ipo-anchor-book-186-funds-participate-74-mf-schemes-pick-up-stake-check-full-list-here-7170441.html?utm_source=telegram&utm_medium=social
Moneycontrol
Zomato IPO Anchor Book: 186 Funds Participate, 74 MF Schemes Pick Up Stake. Check Full List Here
Here is the full list of investors that participated in the anchor book of Zomato
Forwarded from Moneycontrol
#ICYMI: Can a bankrupt #VijayMallya still lead an affluent lifestyle? Can he still offer to pay back banks?
Dinesh Unnikrishnan spoke to legal experts to understand the implications of the UK court order. Read: https://moneycontrol.com/news/business/can-a-bankrupt-vijay-mallya-still-live-as-a-baron-7230761.html?utm_source=telegram&utm_medium=social
Dinesh Unnikrishnan spoke to legal experts to understand the implications of the UK court order. Read: https://moneycontrol.com/news/business/can-a-bankrupt-vijay-mallya-still-live-as-a-baron-7230761.html?utm_source=telegram&utm_medium=social
Moneycontrol
Can A Bankrupt Vijay Mallya Still Live As A Baron?
Legal experts have mixed opinions over what the tag of bankruptcy granted by a UK court means for Vijay Mallya.
Forwarded from Moneycontrol
#ICYMI: In an open letter issued yesterday, Essel Group Chairman Subhash Chandra said he settled 91% of the debt to 43 lenders, & the remaining dues are in the process of being paid.
Read: https://moneycontrol.com/news/business/companies/essel-group-chairman-subhash-chandra-settles-91-of-debt-plans-to-venture-into-video-digital-space-7270761.html?utm_source=telegram&utm_medium=social
Read: https://moneycontrol.com/news/business/companies/essel-group-chairman-subhash-chandra-settles-91-of-debt-plans-to-venture-into-video-digital-space-7270761.html?utm_source=telegram&utm_medium=social
Moneycontrol
Essel Group Chairman Subhash Chandra Says Has Settled 91% Of Debt, To Venture Into Video Digital Space
In his second open letter, Chandra said that he would like to settle the remaining outstanding dues before the end of this fiscal year or before.
Forwarded from Moneycontrol
#ICYMI: From a spike in downloads to raising $30 mn. It has been a dream run for #Koo co-founder Aprameya Radhakrishna.
He talks to Swathi Moorthy on the evolving #socialmedia landscape in the country, challenges & more! Read: https://moneycontrol.com/news/business/koo-has-potential-to-go-to-100-crore-users-ceo-aprameya-radhakrishna-7412361.html?utm_source=telegram&utm_medium=social
He talks to Swathi Moorthy on the evolving #socialmedia landscape in the country, challenges & more! Read: https://moneycontrol.com/news/business/koo-has-potential-to-go-to-100-crore-users-ceo-aprameya-radhakrishna-7412361.html?utm_source=telegram&utm_medium=social
Moneycontrol
Koo Has Potential To Go To 100 Crore Users: CEO Aprameya Radhakrishna
“People on Twitter are connected outside the country. They are all following Elon Musk. This is to say that they are dense outside India, sparse within India, within their own networks, which is the English-speaking India. Let us look at Koo. People from…
Forwarded from Moneycontrol
#ICYMI: Pioma Industries, the maker of #Rasna, is gearing up to launch an ‘Indie Cola’ brand to take on popular cola brands such as #Pepsi, #CocaCola.
With the new ‘Indie Cola’ drink, will the brand be able to create same magic? Devika Singh finds out.
https://www.moneycontrol.com/news/business/companies/rasna-to-take-on-coca-cola-pepsi-with-its-indie-cola-drink-7426291.html?utm_source=telegram&utm_medium=social
With the new ‘Indie Cola’ drink, will the brand be able to create same magic? Devika Singh finds out.
https://www.moneycontrol.com/news/business/companies/rasna-to-take-on-coca-cola-pepsi-with-its-indie-cola-drink-7426291.html?utm_source=telegram&utm_medium=social
Moneycontrol
Rasna To Take On Coca-Cola, Pepsi With Its ‘Indie Cola’ Drink
Rasna was the go-to drink in the Indian market before the likes of Pepsi and Coca-Cola entered the country. It was also one of the top advertisers on Doordarshan and its iconic ‘I love you Rasna’ ad, featuring a young girl, still triggers much nostalgia in…
Forwarded from Moneycontrol
#ICYMI | No fresh #GST Compensation to states beyond June 2022, and the cess that will be collected after that day will only be used to pay back interest and principal of the loans: FM Nirmala Sitharaman.
Read the full story here
https://www.moneycontrol.com/news/business/economy/gst-council-centre-says-no-compensation-beyond-june-2022-states-take-a-different-view-7478861.html
?utm_source=telegram&utm_medium=social
Read the full story here
https://www.moneycontrol.com/news/business/economy/gst-council-centre-says-no-compensation-beyond-june-2022-states-take-a-different-view-7478861.html
?utm_source=telegram&utm_medium=social
Moneycontrol
GST Council | Centre Says No Compensation Beyond June 2022; States Take A Different View
Addressing the media after the meeting of the GST Council in Lucknow, Sitharaman and Bajaj said that while compensation cess will be collected till March 2026, it will be to pay back the interest and principal of the Rs 2.69 lakh crore total that the centre…
Forwarded from Moneycontrol
#ICYMI: Exits by automotive companies from India over the last five years have resulted in 64,000 layoffs and a dealer investment loss of Rs 2,485 crore, data by FADA India has revealed. 🚗
Read at 👇
https://www.moneycontrol.com/news/technology/auto/exit-of-five-major-auto-companies-from-india-result-in-64000-job-losses-rs-2485-crore-investment-loss-7499151.html?utm_source=telegram&utm_medium=social
Read at 👇
https://www.moneycontrol.com/news/technology/auto/exit-of-five-major-auto-companies-from-india-result-in-64000-job-losses-rs-2485-crore-investment-loss-7499151.html?utm_source=telegram&utm_medium=social
Moneycontrol
64,000 jobs lost as five major auto companies exit India: FADA
After trying fruitlessly for several years, Ford called it quits on September 9, 2021, bringing curtains on all manufacturing and sales operations in the country in a phased manner.
Forwarded from Moneycontrol
#ICYMI: British PE firm 3i Group backed BVG India, the country’s largest pure-play facility management firm, has filed draft papers with Sebi. The firm’s listing plans were first reported by Ashwin Mohan on Sept 10
Read at 🔽
https://moneycontrol.com/news/business/ipo/3i-group-backed-bvg-india-countrys-largest-pure-play-facility-management-firm-files-for-rs-1200-1300-crore-ipo-7530331.html?utm_source=telegram&utm_medium=social
Read at 🔽
https://moneycontrol.com/news/business/ipo/3i-group-backed-bvg-india-countrys-largest-pure-play-facility-management-firm-files-for-rs-1200-1300-crore-ipo-7530331.html?utm_source=telegram&utm_medium=social
Moneycontrol
3i Group-backed BVG India, Country’s Largest Pure-play Facility Management Firm, Files For Rs 1,200-1,300 Crore IPO
In the last six months, the share prices of listed peers SIS, Team Lease Services and Quess Corp have risen by 24.6 per cent, 21.93 per cent and 32.37 per cent respectively. BVG India counts Indian Railways, Rashtrapati Bhavan, the Tata Group , Hindustan…
Forwarded from Moneycontrol
#ICYMI: The Cabinet has approved 7 new mega #textile parks as part of the govt's 'Farm to Fiber to Factory to Fashion to Foreign' push
This will generate 1 lakh direct & 2 lakh indirect #employment per park, Piyush Goyal said.
https://www.moneycontrol.com/news/business/economy/cabinet-approves-seven-new-mega-textile-parks-says-piyush-goyal-7550111.html?utm_source=telegram&utm_medium=social
This will generate 1 lakh direct & 2 lakh indirect #employment per park, Piyush Goyal said.
https://www.moneycontrol.com/news/business/economy/cabinet-approves-seven-new-mega-textile-parks-says-piyush-goyal-7550111.html?utm_source=telegram&utm_medium=social
Moneycontrol
Cabinet Approves Seven Mega Textile Parks Under PM-MITRA Scheme, Allocates Rs 4,445 Crore For Next Five Years
The scheme aims to establish seven major 'holistic integrated textile processing regions' across the country, which would integrate the currently scattered value chain of textile products.
Forwarded from Moneycontrol
#ICYMI: Truecaller makes its trading debut at $6.82 per share on Nasdaq Stockholm, up 15.4% from the company's listing price, giving the company a market cap of around $2.5 billion.
Read at
https://www.moneycontrol.com/news/business/ipo/truecaller-opens-with-15-4-pop-on-its-stockholm-trading-debut-7559081.html?utm_source=telegram&utm_medium=social
Read at
https://www.moneycontrol.com/news/business/ipo/truecaller-opens-with-15-4-pop-on-its-stockholm-trading-debut-7559081.html?utm_source=telegram&utm_medium=social
Moneycontrol
Truecaller Opens With 15.4% Pop On Its Stockholm Trading Debut
Founded in 2009 by Alan Mamedi and Nami Zarringhalam, Truecaller claims to have 205.5 million monthly active users in India as of second quarter of 2021.
Forwarded from Moneycontrol
#ICYMI: Nykaa is looking to raise Rs 525 crore via fresh issuance of equity. Besides the fresh issue, the company is also looking at secondary share sale of 43.1 million shares.
Read at 🔽
https://www.moneycontrol.com/news/business/sebi-approves-nykaa-ipo-worth-rs-4000-crore-sources-7582331.html?utm_source=telegram&utm_medium=social
Read at 🔽
https://www.moneycontrol.com/news/business/sebi-approves-nykaa-ipo-worth-rs-4000-crore-sources-7582331.html?utm_source=telegram&utm_medium=social
Moneycontrol
SEBI Approves Nykaa IPO Worth Rs 4,000 Crore: Sources
Nykaa is looking to raise Rs 525 crore via fresh issuance of equity
Forwarded from Moneycontrol
#ICYMI: #CoalShortage across #India has forced the temporary closure of 13 thermal power plant units which supply power to MSEDCL, stated a report. As a result, 3330 MW #power supply has been cut off. 💡
Read:
https://moneycontrol.com/news/india/coal-shortage-forces-closure-of-13-power-plant-units-in-maharashtra-7568161.html?utm_source=telegram&utm_medium=social
Read:
https://moneycontrol.com/news/india/coal-shortage-forces-closure-of-13-power-plant-units-in-maharashtra-7568161.html?utm_source=telegram&utm_medium=social
Moneycontrol
Coal Shortage Forces Closure Of 13 Thermal Power Plant Units In Maharashtra
Thermal power generation has declined over the last few days due to a shortage of coal across the country.
Forwarded from Moneycontrol
#ICYMI: India’s current crisis was not caused solely by a shortfall in the supply of coal when demand picked up. So what led to the #coalcrisis? Was it only an unusual spike in demand?
Tina Edwin decodes ⤵️
https://moneycontrol.com/news/business/coal-supplies-shortfall-alone-didnt-create-the-power-crisis-7574401.html?utm_source=telegram&utm_medium=social
Tina Edwin decodes ⤵️
https://moneycontrol.com/news/business/coal-supplies-shortfall-alone-didnt-create-the-power-crisis-7574401.html?utm_source=telegram&utm_medium=social
Moneycontrol
Coal Supplies Shortfall Alone Didn’t Create The Power Crisis
What led to the coal crisis? Was it only an unusual spike in demand?
Forwarded from Moneycontrol
#ICYMI: If demand continues at the current pace, Tata Motors will have to soon look relook at its manufacturing footprint.
Here's why: https://moneycontrol.com/news/technology/auto/tata-motors-fast-running-out-of-capacity-but-no-new-factory-planned-7663841.html?utm_source=telegram&utm_medium=social
Here's why: https://moneycontrol.com/news/technology/auto/tata-motors-fast-running-out-of-capacity-but-no-new-factory-planned-7663841.html?utm_source=telegram&utm_medium=social
Moneycontrol
Tata Motors fast running out of capacity but no new factory planned
With slight improvement in the manufacturing capacity Tata Motors will move to producing half a million units, which would be the third highest in India after Maruti Suzuki and Hyundai