Business

Upcoming IPO: WestBridge Capital-backed IndiQube Spaces files DRHP with SEBI to raise ₹850 crore via IPO

Admin7 months ago05 mins

IndiQube Spaces Ltd filed preliminary draft papers with the capital markets regulator, the Securities and Exchange Board of India (SEBI), on Tuesday, December 24, 2024, to raise funds through an initial public offering (IPO). IndiQube Spaces is a workplace solutions company dedicated to transforming the traditional office experience through sustainable and technology-driven solutions. The Bengaluru-based…

Akasa Air fined ₹10 lakh by DGCA

Admin7 months ago05 mins

New Delhi: The civil aviation regulator, Directorate General of Civil Aviation (DGCA) on Tuesday imposed a fine of ₹10 lakh on Akasa Air for refusing boarding to seven passengers on a Bengaluru-Pune flight. The incident occurred on 6 September when flight QP 1437, scheduled to depart from Bengaluru international airport at 2050 hrs, was grounded….

Edelweiss’ Radhika Gupta On Epigamia CEO Rohan Mirchandani’s Untimely Death

Admin7 months ago04 mins

Radhika Gupta, Edelweiss Mutual Fund Managing Director and Chief Executive Officer (CEO), has reacted to the death of Epigamia co-founder Rohan Mirchandani at 41. Mr Mirchandani died on Saturday after suffering a cardiac arrest. His death sent shockwaves through the business community. Expressing grief over the untimely death, Ms Gupta said that the incident makes…

Infosys’s former CFO Mohandas Pai calls out ‘biggest’ salary disparity in IT companies in India: Rs 3.2 lakh in 2011 to Rs 3.75 lakh in 2024 |

Admin7 months ago03 mins

This is a representational image Former Infosys CFO Mohandas Pai has criticized the widening wage gap in India’s corporate sector, pointing out that entry-level salaries have stagnated for over a decade, even as top executives receive significant pay hikes. “Look at an IT CEO’s salary five years ago, and look at it now—it has gone…

Chile’s WOM Cleared to Exit Chapter 11 Bankruptcy Proceedings

Admin7 months ago03 mins

(Bloomberg) — Chile’s WOM won court approval to exit bankruptcy proceedings after it agreed to a takeover and restructuring bid from a group of creditors, eight months after filing for Chapter 11. US bankruptcy judge rejected an objection to the takeover bid by a rival group of creditors, according to a statement from the company….

IPO GMP Live Updates: Mamata Machinery, DAM Capital, Transrail Lighting, Concord Enviro Systems and Sanathan Textiles IPOs closing today

Admin7 months ago06 mins

ALL UPDATES December 23, 2024 12:09 IPO News Live: Day 2 – Ventive Hospitality Limited IPO – Retail & QIB Fully Subscribed Subscription Data (as of 11:51 AM, Monday, December 23, 2024) QIB – 1.05x NII – 0.25x Retail – 1.04x Employee reservation – 3.27x Total – 0.84x Issue closes tomorrow, Tuesday, December 24, 2024…

Holiday Week Ahead: Global Trends And FIIs’ Moves To Drive Stock Market Sentiment

Admin7 months ago04 mins

Last Updated:December 22, 2024, 13:04 IST Last week, the BSE benchmark fell sharply, shedding 4,091.53 points or 4.98%, while the Nifty declined by 1,180.8 points or 4.76%. In this subdued and volatile environment, investors are advised to remain cautious and watch for global and FII-related developments. (Representative image) Stock market participants are expected to focus…

Outlook 2025: Top fund managers remain bullish on Indian stock market, suggest these 4 sectors to invest in

Admin7 months ago010 mins

Market veterans and several fund managers of some of India’s top fund houses believe the Indian stock market remains well-positioned to grow despite global challenges and risks arising from sticky inflation and elevated interest rates. Most of them believe the slowdown in the Indian economy, observed during the first half of the current financial year,…

2025 Honda Activa 125 launched at Rs 94,422

Admin7 months ago01 mins

The 2025 Honda Activa 125 is available in two variants: DLX and H-Smart. Honda has launched the 2025 edition of the Activa 125 in India. The scooter is available in two variants: DLX and H-Smart, priced at Rs 94,422 and Rs 97,146 (ex-showroom, Delhi), respectively. The 2025 Activa 125 is now OBD2B-compliant and comes with…

Buy or sell: Sumeet Bagadia recommends three stocks to buy on Monday — 23 December 2024

Admin7 months ago09 mins

Buy or sell stocks: Following the hawkish US Fed outlook on the interest rate cut and FIIs’ selling, the Indian stock market snapped its four-week winning streak. The key benchmark indices erased their four-week gains in the week gone by. The Nifty 50 index slipped from 23,768 to 23,587, logging a weekly loss of 1,181…