New Delhi, Nov 30 (PTI) Bessemer Venture Partners (BVP) on Tuesday announced the closure of a USD 220 million fund (about Rs 1,653 crore) in India to back the next generation of innovators in India.The fund will focus primarily on early-stage investments, consistent with Bessemer's approach of starting with seed and Series-A investments and sticking [...]
New Delhi, Nov 30 (PTI) Anand Rathi Wealth, part of Mumbai-based financial services group Anand Rathi, on Tuesday said it has fixed a price band of Rs 530-550 a share for its Rs 660-crore IPO, which will open for public subscription on December 2.The three-day initial public offering (IPO) will conclude on December 6, the [...]
Shares of Go Fashion, which owns women’s clothing brand Go Colors, on Tuesday listed with a huge premium of nearly 91 per cent over its issue price of Rs 690. The company is engaged in the development, design, sourcing, marketing and retailing of a range of women’s bottom-wear products under the brand ‘Go Colors’. Its [...]
New Delhi, Nov 29 (PTI) Star Health and Allied Insurance Company on Monday said it has raised a little over Rs 3,217 crore from anchor investors ahead of its IPO on Tuesday. The company has decided to allocate a total of 3,57,45,901 equity shares to 62 anchor investors at Rs 900 apiece, aggregating to [...]
Mumbai, Nov 29 (PTI) The IPO-bound India1 Payments, promoted by the Banktech Group of Australia and formerly known as BTI Payments, has said that it has crossed a milestone of deploying 10,000-white-lable ATMs which are labelled as India1ATMs, making it the largest player in the segment. The company has installed these machines mostly in semi [...]
Mumbai, Nov 28 (PTI) In a bid to promote talent, maritime body MASSA has initiated a reward scheme for Indian seafarers, a move that is expected to benefit over 7,500 Indian seafarers every year. The Maritime Association of Shipowners Shipmanagers and Agents (MASSA) has initiated the 'Reward Scheme for Excellence' at its training academies operated [...]
Srinagar, Nov 27 (PTI) Union Minister of State Rajeev Chandrasekhar on Saturday launched a pilot project to revive and promote traditional 'Namda' craft in Jammu and Kashmir and said that efforts are afoot to increase the carpet export from Rs 600 crore to Rs 6,000 crore. The Union Minister of State for Skill Development, Entrepreneurship, [...]
New Delhi, Nov 26 (PTI) Markets regulator Sebi on Friday directed registrar and share transfer agents (RTAs) and merchant bankers to disclose investor charter as well as data pertaining to complaints they received on their websites. The regulator has listed various categories for which investor charter needs to be disclosed by merchant bankers. The [...]
New Delhi, Nov 26 (PTI) The Delhi High Court Friday refused to entertain a 19-year old's plea against the “hasty manner in which IPOs are passed”, observing that "it is a blackmailing type of petition” and asked if it was filed to “harass some companies” and "at whose behest". The issues raised in the petition [...]
New Delhi, Nov 26 (PTI) Shares of life sciences company Tarsons Products on Friday settled with a premium of nearly 27 per cent in its debut trade against the issue price of Rs 662.The stock listed at Rs 700, a gain of 5.74 per cent against the issue price on BSE. It further jumped 26.88 [...]
