Reliance Retail Ventures, a unit of Reliance Industries, has acquired a 54 stake in Addverb Technologies for a consideration of $132 million. In addition, RIL will also acquire an additional 1.7 stake and take their total holding in Addverb Technol

The Rs.680 crore IPO of AGS Transact Technologies Ltd, consisting entirely of an offer for sale (OFS) of Rs.680 crore, saw stable response on Day-1 of the IPO. As per the combined bid details put out by the BSE at the end of Day-1, AGS Transact Techn

The anchor issue of AGS Transact Technologies Ltd saw a robust response on 18-January 2022 and the announcement was made late on Tuesday. The IPO opened on 19-January 2022 in the price band of Rs.165 to Rs.175 and shall remain open for 3 days and clo

Car prices hikes have become commonplace these days. Maruti Suzuki hiked the prices of cars three times in the previous calendar year and it has already effected the first rate hike for this year in January. On an average auto prices have gone up 6-7

Digital supply chain and logistics company, Delhivery, has got the SEBI go ahead for its proposed Rs.7,460 crore IPO. The onus is now on the company to announce the dates since the SEBI has already given its observations on the IPO, which is tantamou

If reports are to be believed in the market, the deal to acquire Citibank’s India consumer business may close as early as the current month of January 2022 itself. The Citi India consumer business is expected to be valued at around $1.5 billion or

The fiscal year 2021-22 may have been rather disappointing for the disinvestment story. However, the government has collected prolific dividends from central public sector enterprises (CPSEs) in the current fiscal year. Till date the government has r

In the last few months, there has been one thing that has concerned the IPO market. The anchor investors may have played an important role in building institutional demand for the IPO. However, it was noted that these anchor investors did rush for th

At the start of December 2021, Brent Crude was at just about $69/bbl. Over the next 48 days, Brent has moved up by a whopping 26 to $87/bbl. In fact, for the last 4 weeks in succession, Brent crude has closed with gains. In a way that is ironic beca

On 17th January when the price of TCS touched a life-time high of Rs.4,045, the market capitalization of TCS scaled up to Rs.15,00,000 crore or Rs.15 trillion to put it more succinctly. With the US$ at around Rs.74.43/$, the market cap of TCS in doll

If you have ever looked for budget accommodation during your recent trips, chances are quite high that you would have used OYO Rooms. Founded in 2013 by Ritesh Agarwal as Oravel Stays Private Limited, it soon emerged as the Indianized version of

There is a virtual competition among the Indian states to roll out the red carpet to welcome Elon Musk of Tesla to set up an electric car manufacturing facility in their state. For any Indian state, getting Tesla to invest in their state would be a c