The proposed IPO comprises a fresh issue of equity shares aggregating up to Rs 550 crore and an Offer For Sale (OFS) of up to Rs 450 crore, according to the Draft Red Herring Prospectus (DRHP) filed on Wednesday.
Read More
The Hyderabad hub, located in Hitec City, will initially house CXI and general and administrative teams. Its CXI operation will support DoorDash’s global operations and customer support organisation, serving consumers, merchants and delivery workers across its markets.
Read More
India’s fiscal trajectory will increasingly depend on the strength of direct tax collections due to lower customs duties. Indirect tax revenues are constrained by weaker excise collections, which affects overall government finances.
Read More
Inox Air Products Ltd has filed draft documents for an initial public offering (IPO) with Sebi, aiming to raise approximately Rs 10,000 to Rs 11,000 crore primarily through an offer-for-sale mechanism. The promoters plan to sell around 7.72 crore equity…
Read More
Reserve Bank of India may raise the policy repo rate by 50-75 basis points in the current cycle amid heightened macroeconomic headwinds and geopolitical uncertainty, a report said on Thursday.
Read More
India’s insurance penetration is at 3.7 per cent of GDP, which is below the global average. While life insurance premiums grew, the number of individual policies sold declined in recent years. The Insurance Regulatory and Development Authority of India is…
Read More