India’s closest competitor to Zomato, has become a Decacorn. If a Unicorn is a digital company with a valuation of $1 billion then Decacorn has a valuation of $10 billion or Rs.75,000 crore. Swiggy joins the handful of Decacorns in India with its l

Between 18-January 2022 and 24-January 2022, the Sensex fell by nearly 4,000 points. However, this 6.7 fall in the Sensex was dwarfed by the 12.3 fall in the BSE IPO index during these 5 trading sessions. In fact, on Monday alone, the BSE IPO index

Vedant Fashions Ltd, has announced the dates for the proposed IPO. The IPO of Vedant Fashions, which will be entirely by way of an offer for sale and will open for subscription on 04th February 2022. Seven Interesting Facts to k

The Rs.680 crore IPO of AGS Transact Technologies, consisting entirely of Rs.680 crore by way of Offer for Sale (OFS), was subscribed 7.79X overall at the close of bidding on 21 January 2022. The basis of allotment will be finalized on 27 January 202

Brent Crude has been hovering between $87/bbl and $88/bbl in the last couple of days after scaling above the $88/bbl mark. Clearly, there is a lot of bullishness in oil and that is clearly coming from tight oil supplies. The latest update is that the

In a new twist to the Amazon / Future Retail stand-off, the former has written to all the independent directors of Future Retail reiterating the commitment of Samara Capital to invest Rs.7,000 crore in Future Retail. Amazon has written to Gagan Singh

One of India’s leading players in the digital payments, digital wallets and BNPL (buy now pay later) segment, has announced that it would be doubling its revenues for the financial year ending March 2022. In the last 4 years, the company has consis

One of India’s largest and most comprehensive retailer of ethnic brands, Fabindia, has filed its draft red herring prospectus (DRHP) with SEBI for its proposed IPO. The IPO will comprise of a fresh issue of Rs.500 crore and an offer for sale of 250

Adani Wilmar Ltd is a joint venture between Adani Enterprises and Wilmar of Singapore. It has been in existence since 1999 and in the last 23 years, Adani Wilmar has emerged as the second largest FMCG player in India on sales revenues after Hindustan

Global rating agency, Moody’s Investor Services, has opined that the LIC IPO would go a long way in ushering in transparency and governance in operations. One of the big objections that global investors had about LIC IPO was the lack of transparenc

Vedanta Resources Ltd, owned by Anil Agarwal and based out of UK, has created mega plans to constitute a $10 billion fund. Among other things, this fund will also bid for the government stake in Bharat Petroleum Corp Ltd (BPCL). Government has been p

It is not just the power and oil companies that are now thinking of green power. Even traditional industrial companies have taken that route. The latest example is that of one of India’s leading tyre manufacturers, Apollo Tyres, which has gone the