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Ebixcash files draft papers with Sebi for Rs 6,000-cr IPO

New Delhi, Mar 10 (PTI) Ebixcash Ltd, the Indian subsidiary of Nasdaq listed Ebix Inc, has filed preliminary papers with capital markets regulator Sebi to raise Rs 6,000 crore through an initial public offering. The funds will be garnered through fresh issuance of equity shares and there will not be any offer-for-sale (OFS) component, according [...]
Is Russia really about to cut itself off from the internet? And what can we expect if it does?

Is Russia really about to cut itself off from the internet? And what can we expect if it does?

Perth, Mar 10 (The Conversation) The invasion of Ukraine has triggered a significant digital shift for Russia. Sanctions imposed by governments around the world – together with company closures or mothballing – have significantly impacted the country. A plethora of events have escalated the invasion into the digital world, with cyber attacks, cyber criminals taking [...]

Clover Infotech buys 25% stake in Data Science Wizards for Rs 15 cr

New Delhi, Mar 10 (PTI) IT company Clover Infotech has bought a 25 per cent stake in artificial intelligence startup Data Science Wizards for Rs 15.22 crore.Clover Infotech chairman Javed Tapia said the strategic investment in DSW will enable it to extend niche and focused data science and AI capabilities to its customers."Customers have entrusted [...]

Soyabean imports revised downwards to 3.50 lakh tons for 2021-22: SOPA

New Delhi, Mar 10 (PTI) Soybean Processors Association of India (SOPA) on Thursday revised downwards the country's soyabean imports to 3.50 lakh tonnes for the ongoing 2021-22 oil year from the earlier projection of 4 lakh tonnes on lower crushing and slow meal off-take.Oil year runs from October to September. The country had imported 5.48 [...]

Guar gum futures gain on demand

New Delhi, Mar 10 (PTI) Guar gum prices on Thursday gained Rs 137 to Rs 11,257 per five quintals in futures trade as speculators increased their holdings on spot demand. On the National Commodity and Derivatives Exchange, guar gum contracts for March delivery traded higher by 1.23 per cent or Rs 137 at Rs 11,257 [...]

Sun Mobility appoints Anant Badjatya as CEO of India biz

New Delhi, Mar 10 (PTI) Electric vehicle energy infrastructure firm Sun Mobility on Thursday said it has appointed Anant Badjatya as the CEO for domestic operations. In his last role, Badjatya served as the group chief executive officer with Stallion Group, a 51-year-old diversified conglomerate in West Africa with interests in automotive assembly and distribution, [...]

Guar seed futures rise on fresh bets

New Delhi, Mar 10 (PTI) Guar seed prices on Thursday rose by Rs 71 to Rs 6,152 per 10 quintals in futures trade after speculators increased their positions driven by a firm trend at spot market. On the National Commodity and Derivatives Exchange, guar seed contracts for March delivery increased by Rs 71 or 1.17 [...]

Crude oil futures gain on spot demand

New Delhi, Mar 10 (PTI) Crude oil prices on Thursday rose by Rs 102 to Rs 8,615 per barrel as participants widened their positions on a firm spot demand. On the Multi Commodity Exchange, crude oil for March delivery traded higher by Rs 102 or 1.2 per cent to Rs 8,615 per barrel in 7,204 [...]