Paytm was last valued at $16 billion. If it hits its target, the IPO would be India's largest stock market debut ever, surpassing the debut of state-owned Coal India Ltd.
The broader buzz around Zomato, which has a $1.3 billion initial public offering, spilled out from financial circles into the social media space & could push other startups to list.
Shareholders would like to see Zomato pull off smart acquisitions that bring in both scale and cash flows. Dominance of consumer data alone won’t build a sustainable moat.
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 issue of inequality has assumed the blazing limelight at a time when inequality in India is said to be higher than it was in the British Raj. It's a ripe situation for half-truths and incendiary statements.
Speaking at launch of economist Surjit Bhalla’s book, S Jaishankar also highlights Gen Z’s engagement with ‘reel culture’, which has 'promoted awareness, created interest in many subjects'.
Germany’s erstwhile Christian Democratic Union govt, led by Angela Merkel, prevented sale of small arms to police forces in states they perceived had ‘bad human rights record’.
A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.
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