The quick delivery of medicines has become a competitive battleground in India, with major companies like Swiggy, Zepto, Flipkart, Tata 1mg, and Apollo entering the space. Key Developments: Swiggy: Launched an e-pharmacy on Instamart through a partnership with PharmEasy, aiming ...
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Mamata Machinery Limited, a prominent manufacturer of packaging machinery, is set to launch its Initial Public Offering (IPO) on December 19, 2024. Here are the key details potential investors should be aware of
1. IPO Schedule:Opening Date: December 19, 2024 Closing Date: December 23, 2024 Listing Date: December 27, 2024 2. Price Band:The shares are priced between ₹230 and ₹243 per equity share. 3. Lot Size:Investors can bid in multiples of 61 ...
Franklin India Prima Fund, a mid-cap mutual fund, has demonstrated remarkable performance over its 31-year history.
Franklin India Prima Fund, a mid-cap mutual fund, has demonstrated remarkable performance over its 31-year history. Investors who initiated a monthly Systematic Investment Plan (SIP) of ₹10,000 at the fund’s inception have seen their investments grow to approximately ₹23.45 crore, ...
Curefoods, the parent company of EatFit, has successfully secured $40 million in its Series D funding round
Curefoods, the parent company of EatFit, has successfully secured $40 million in its Series D funding round. This round saw participation from existing investors Iron Pillar, Chiratae Ventures, and Three State Capital, along with new investors Shinhan Financial Group Co., ...
The Journey and Recognition of Policybazaar’s Co-Founders Yashish Dahiya and Alok Bansal
Introduction Policybazaar, India’s largest insurance aggregator, co-founded by Yashish Dahiya and Alok Bansal in 2008 alongside Avaneesh Nirjar, has emerged as a pioneering force in the country’s fintech and insurance sectors. Recently, the company and its visionary leaders received a ...
Switzerland has announced the suspension of the Most Favoured Nation (MFN) clause in its Double Taxation Avoidance Agreement (DTAA) with India, effective January 1, 2025. This decision will increase the withholding tax on dividends from Swiss entities to Indian investors from the current 5% to 10%.
The MFN clause in tax treaties ensures that any favorable tax treatment extended to a third country is automatically applied to the treaty partner. However, a 2023 ruling by the Indian Supreme Court clarified that such benefits require explicit notification ...
Bank of Baroda (BoB), a leading public sector bank in India, has recently undertaken significant capital-raising initiatives to bolster its funding for infrastructure and affordable housing projects
Recent Bond Issuances:November 2023: BoB announced plans to raise ₹10,000 crore through long-term bonds, initiating with a ₹2,000 crore issuance of 7-year infrastructure bonds, complemented by a green shoe option of ₹8,000 crore. August 2024: The bank successfully raised ₹5,000 ...
The Securities and Exchange Board of India (SEBI) has recently proposed a framework to allow retail investors to participate in algorithmic (algo) trading through stock brokers. This initiative aims to democratize access to advanced trading tools, previously limited to institutional players, while ensuring market integrity and investor protection.
Key Proposals:Algorithm Approval: Each trading algorithm must receive approval from stock exchanges. Retail investors developing their own algorithms are required to register them with the exchanges. Order Tagging: Orders executed via algo trading will be tagged with unique identifiers, facilitating ...
Resilience AI Secures $1 Million Seed Funding from Kalaari Capital’s CXXO Initiative
Climate risk and sustainability technology startup Resilience AI has raised $1 million in seed funding. The round was led by Kalaari Capital’s CXXO initiative, which champions ventures founded by women entrepreneurs. The funding will support the development of Resilience360, the ...
Aye Finance Prepares for IPO to Fuel Growth and Expansion
Aye Finance, a leading fintech company that specializes in providing small and medium-sized businesses (SMBs) with access to affordable credit, is gearing up for an initial public offering (IPO). The IPO is part of the company’s strategy to raise capital ...