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Indian forex reserves down by $3.463 Bn to $684.805 Bn as per latest RBI data
One of the most important measures of India’s economic stability and health is its foreign exchange reserves. Economists and market analysts have been debating the ramifications for India’s economy...
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Largest in SME segment, Rosmerta Digital Services Rs 206 Cr IPO opens on Nov 18
In the Indian SME sector, Rosmerta Digital Services’ impending IPO is expected to be a historic occasion. The IPO, which is expected to open for subscriptions on November 18, is the largest public...
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Niva Bupa Health Insurane sets price band of Rs 70-74 for Rs 2200 Cr IPO
One of the biggest retail health insurers in India, Niva Bupa Health Insurance, is getting ready to make its highly anticipated initial public offering (IPO) on stock exchanges. The initial public...
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2 Rajasthan men commit Rs 1.29 Cr fraud on Amazon, arrested in Mangaluru
In a meticulously orchestrated scam spanning multiple states, two men from Rajasthan have been arrested in Mangaluru for allegedly defrauding Amazon of over Rs 1.29 crore. The accused, Raj Kumar Meena...
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Vanguard revises Ola valuation to $2 Bn marking a 72% decrease from its peak...
The US-based asset management behemoth Vanguard has made the unexpected decision to reduce Ola’s valuation to about $2 billion, a sharp 72% drop from its peak of $7.3 billion in late 2021. More than...
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As lock in period ends, Ola Electric share down by 7%
On Tuesday, November 5, Ola Electric Mobility, one of the biggest producers of electric vehicles in India, had its stock fall more than 7% as the company’s three-month lock-in period for some owners...
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Xiaomi India President Muralikrishnan B steps down, plans to focus on...
In a significant leadership update from Xiaomi India, the company has announced that Muralikrishnan B, its current president, will step down at the end of 2024. After six transformative years at the...
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Fidelity’s 12% mark up of its stake in Lenskart increases its valuation to...
Fidelity Management and Research Company has increased the value of its ownership in Lenskart by 12%, boosting the eyeglasses retailer’s valuation to an astounding $5.6 billion, in a daring move that...
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KPMG lays off 4% of its United States audit workforce to align with market needs
KPMG, one of the Big Four accounting firms, recently announced that it will let off about 330 workers, or less than 4% of its U.S. audit workforce, in an effort to adapt shifting market conditions. Due...
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Swiggy IPO Update: Issue receives 12% subscription on Day 1
On November 6, 2024, Swiggy, the massive food delivery and fast-commerce company with its headquarters in Bengaluru, made its Initial Public Offering (IPO) available for public subscription. Only 12%...
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