Latest Updates Around The World
PhonePe, which has built its scale on the Unified Payments Interface (UPI) with over 657 million registered users, uses payments as a distribution layer rather than a primary source of revenue. | Photo credit: SAMYUKTA LAKSHMI Walmart-backed fintech giant PhonePe is sharpening its financial services operations ahead of its proposed stock market listing as loan […]
Elon Musk’s SpaceX could be preparing for what may prove to be the largest public offering the world has ever seen. According to a report from the Financial Times, the rocket and satellite company is considering an initial public offering in mid-June that could raise as much as $50 billion at a valuation of about […]
Nirmal Jain, Founder of IIFL Group and Managing Director of IIFL Finance The board of non-banking major IIFL Finance may evaluate options in the next three to six months, including a possible listing of its home finance subsidiary IIFL Home Finance, through a demerger or other appropriate structure, founder Nirmal Jain said. business line. The […]
Nirmal Jain, Founder of IIFL Group and Managing Director of IIFL Finance The board of non-banking major IIFL Finance may consider planning an initial public offering (IPO) for its housing finance company (HFC), IIFL Home Finance, in the next three to six months, the group’s founder Nirmal Jain said. business line. The IIFL group may […]
Phonepe, one of the largest digital payment platforms, plans to invest in new platforms focused on digital investing and asset management: Share.Market. It will also focus on the native mobile app store built for India: Indus Appstore. Phonepe claims continued market share leadership from December 2020 to September 2025 in terms of number of transactions […]
New-age logistics company Shadowfax Technologies has raised around Rs 850 crore from major investors ahead of its initial public offering (IPO), which opens for subscription on January 20, according to sources familiar with the matter.Domestic institutional investors are believed to have captured a large share of the anchor book, with strong participation from mutual funds […]
The strong response from investors to the IPO of Bharat Coking Coal Ltd has boosted confidence within CIL and created positive momentum as the company evaluates the listing of its other subsidiaries, said Chairman and Managing Director B Sairam.The IPO of Bharat Coking Coal Ltd (BCCL), an arm of Coal India Ltd (CIL), was fully […]
India’s record Rs 1.95 trillion float in 2025 delivered a $417 million windfall for investment banks as underwriting costs soared to a record high amid a surge in stock prices that boosted bankers’ pricing power after years of cutthroat competition, according to LSEG data cited by Bloomberg.The total fee pool rose alongside a steady increase […]
The initial public offering (IPO) of Bharat Coking Coal Limited (BCCL) will open for bids on Friday, January 8 and close on January 13. The Rs 1,300 crore issue will be entirely an offer for sale (OFS) with promoter Coal India (CIL) selling up to 46.57 crore shares.Bidding for anchor investors opens on Thursday, January […]
The year 2025 will likely go down as one of the most psychologically testing phases for investors, marked by sharp valuation gluts, uneven participation and a widening gap between major indices and individual portfolios. Looking back on the period, Sandeep Tandon, CIO, Quant Mutual Fund in an interview with ET Now said: “Look, a key […]
