According to Ajay Saraf, head of investment banking and institutional equities at ICICI Securities Ltd, the new roles will be concentrated in sectors such as technology and health care.
Policybazaar is seeking a listing before the end of this year. An offering, which could value it at over $3.5 bn, would involve new stocks & secondary shares from existing shareholders.
Macrotech, formerly known as Lodha Developers, has set a price of Rs 483-486 and the issue will run 7-9 April, according to a newspaper advertisement Thursday.
The impending debut could encourage other Indian startups to tap public markets, after years of explosive growth in mobile & internet usage created firms like Paytm & Flipkart.
The central bank summoned Ant executives over the weekend and told them to 'rectify' the company’s lending, insurance and wealth management services, the People’s Bank of China said.
The 34% jump in Xiaomi's third-quarter revenue was driven mostly by troubles at Huawei, which has been hit by US sanctions. Its internet business also remains lackluster.
The company is currently planning to price its IPO on 9 December. Ahead of it, the home-rental platform and some shareholders are offering 51.9 million shares at $44-$50 apiece.
The company and existing holders including Fosun Pharma Industrial Pte. are selling as many as 43.2 million shares for anywhere between Rs 1,490-1,500 each.
The Prime Minister has never been shy about centralising authority. Surely, he should treat this problem the way that the leadership in Beijing treated China’s smog crisis over a decade ago?
Order for 87 MALE drones will be split between 2 Indian firms in 64:36 ratio to ensure there are 2 independent manufacturing lines with at least 60% indigenous components.
The India-South Africa series-defining fact is the catastrophic decline of Indian red ball cricket where a visiting team can mock us with the 'grovel' word.
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