Clipped from: https://www.thehindubusinessline.com/news/edelweiss-arc-to-file-insolvency-plea-against-marriotts-property-in-bengaluru/article65394640.ece Marriott International The ARC is likely to move NCLT this month over unpaid dues of nearly ₹1,000 crore Edelweiss ARC is set to
Category: Companies to watch for
Paytm Payments Bank becomes most preferred UPI beneficiary bank – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-money-banking/paytm-payments-bank-now-the-most-preferred-as-upi-beneficiary-bank/article64822283.ece Becomes the first bank in India to receive 926 million monthly UPI transactions Paytm Payments Bank Ltd (PPBL), an associate entity of Paytm,
Online travel aggregator ixigo gets Sebi nod for Rs 1,600-crore IPO | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/online-travel-aggregator-ixigo-gets-sebi-nod-for-rs-1-600-crore-ipo-121122001441_1.html According to sources, the firm is expected to list early next year. Le Travenues Technology, which operates online travel aggregator ixigo, has received
Mobikwik to wait for audited figures for April-Dec 2021 before IPO plans – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/mobikwik-to-wait-for-audited-figures-for-april-dec-2021-before-ipo-plans/article37984752.ece Co-Founder and COO Upasana Taku says company is on the path to profitability Payments major Mobikwik believes it is on the path to
Tata AIG to vie for Indian conglomerate’s airline insurance business | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/tata-aig-to-vie-for-indian-conglomerate-s-airline-insurance-business-121121200276_1.html Air India is insuring its fleet at a premium of Rs 118 crore in fiscal 2021 on a standalone basis. The total fleet
SBI: Valuing SBI like a private bank might be a folly: Deepak Shenoy – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/expert-view/valuing-sbi-like-a-private-bank-might-be-a-folly-deepak-shenoy/articleshow/88126204.cmsSECTIONSValuing SBI like a private bank might be a folly: Deepak ShenoyLast Updated: Dec 07, 2021, 08:45 AM ISTSynopsis If we do not see
Prestige Estates Projects shows visible recovery signs: What makes it stock pick of the week – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/invest/prestige-estates-projects-shows-visible-recovery-signs-what-makes-it-stock-pick-of-the-week/articleshow/88088665.cms SynopsisPrestige Estates has lined up new residential launches and its potential is estimated to be around Rs 15,000 crore. In addition to pent-up
Metro Brands IPO share price: Jhunjhunwala-backed Metro Brands IPO opens on Dec 10. Check price band and other details – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/ipos/fpos/jhunjhunwala-backed-metro-brands-ipo-opens-on-dec-10-check-price-band-and-other-details/articleshow/88134869.cmsSynopsis Big Bull’s spouse Rekha Jhunjhunwala is the third largest shareholder in the company, owning a 14.73 per cent stake. Metro Brands is the
Paytm founder Vijay Shekhar Sharma compares himself to Elon Musk after historic IPO flop – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/company/corporate-trends/paytm-founder-vijay-shekhar-sharma-compares-himself-to-elon-musk-after-historic-ipo-flop/articleshow/87846546.cmsSynopsis Vijay Shekhar Sharma held a four-hour town hall to rally employees who had watched the company’s stock plummet 27% on Thursday, according to
Flipkart to enter healthcare sector, to acquire majority stake in SastaSundar.com – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/healthcare/biotech/healthcare/flipkart-to-enter-healthcare-sector-to-acquire-majority-stake-in-sastasundar-com/articleshow/87797874.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis As part of this development, the Group has signed definitive agreements to acquire a majority share in Sastasundar Marketplace Limited which owns and
Grammarly raises fresh capital fund at a valuation of $13 billion | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/grammarly-raises-fresh-capital-fund-at-a-valuation-of-13-billion-121111800163_1.html Grammarly uses machine learning to assist not only with basic writing, but also spell-check, grammar, tone of language and context. Grammarly uses machine
PB Fintech: No insurance against unfavourable risk reward at current levels – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/news-analysis/pb-fintech-no-insurance-against-unfavorable-risk-reward-at-current-levels/article37498967.ece?homepage=true Even with optimistic growth assumptions, stock now trades at a steep 20 times FY25 sales PB Fintech, the company operating online distribution platforms
Stellar debut: Policybazaar now in top 100 companies – The Financial Express
Clipped from: https://www.financialexpress.com/market/stellar-debut-policybazaar-now-in-top-100-companies/2369912/ With a market capitalisation of Rs 54,070.33 crore, the fintech player is now the 94th biggest company in the listed space, ahead of
Customer service and claims experience will be key focus areas: PB Fintech – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/customer-service-claims-experience-will-be-key-focus-areas-pb-fintech/article37507579.ece?homepage=true ‘We are in no hurry to be profitable’ PB Fintech — the parent of online insurance and credit comparison platforms Policybazaar and Paisabazaar
Hindalco net up eight times to ₹3,417 crore in Q2 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/hindalco-net-up-eight-times-to-3417-crore-in-q2/article37457041.ece Lower base, sharp increase in realisation boost numbers Hindalco Industries, an Aditya Birla Group company, has reported that its net profit jumped over
A star is born: Nykaa’s stellar IPO underscores the promise of the start-up economy – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/a-star-is-born-nykaas-stellar-ipo-underscores-the-promise-of-the-start-up-economy/2367423/ We need many more entrepreneurs like Falguni Nayar It would take several years of sustained performance to bring down the valuations. However, that
Aditya Birla Fashion and Retail rating – Buy: Margin performance came as a surprise – The Financial Express
Clipped from: https://www.financialexpress.com/market/aditya-birla-fashion-and-retail-rating-buy-margin-performance-came-as-a-surprise/2368174/ FY22/23 Ebitda up 12/6%; TP raised to Rs 337; recovery factored in, re-rating hinges on showing; ‘Buy’ retained Current valuations factor in recovery
State Bank of India rating – Buy: Results show fresh vigour in operations – The Financial Express
Clipped from: https://www.financialexpress.com/market/state-bank-of-india-rating-buy-results-show-fresh-vigour-in-operations/2368234/Management indicated that margins can remain stable in the range of 3.2-3.3%. Key observations on Q2FY22 earnings performance: Provisions of Rs 1.9 bn were
Tata is making more money per car than Maruti for the 1st time in a decade – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/auto/auto-news/tata-is-making-more-money-per-car-than-maruti-for-the-1st-time-in-a-decade/articleshow/87498083.cmsSynopsis Tata Motors’ operating profit per car rose to ₹45,810 in the second quarter, nearly double that of Maruti, data compiled by ETIG showed.
Hindalco to buy Ryker for Rs 323 crore enterprise value – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/indl-goods/svs/metals-mining/hindalco-to-buy-ryker-for-rs-323-crore-enterprise-value/articleshow/87508698.cmsSynopsis Hindalco Industries to pick up 100% equity stake in Ryker Base Pvt Ltd for an enterprise value of Rs 323 crore. Ryker is