BUSINESS
MC Interview| I cannot tell you how elated I am. This mission is going to change India: IPO-bound Paytm's Vijay Shekhar Sharma
The payments and financial services player is preparing for an Rs 18,300 crore initial public offering (IPO) that will open for subscription between November 8 and 10, 2021 at a price band of Rs 2,080- Rs 2,150.
BUSINESS
It's official: Paytm's Rs 18,300-crore IPO to open on November 8
The public offer is expected to take the company's valuation to $20 billion.
BUSINESS
Paytm's IPO likely to open on November 8 at a price band of Rs 2,080-2,150 per share
The public offer is expected to take the company's valuation to $20 billion.
BUSINESS
Paytm's insurance business to raise Rs 920 crore from Swiss Re
Paytm Insuretech plans to leverage Paytm’s customer base and merchant ecosystem to develop innovative insurance products.
BUSINESS
Paytm's RHP to come this week, to raise IPO issue size to Rs 18,300 crore
Paytm was earlier expected to file an IPO to raise Rs 16,600 crore
BUSINESS
FHRAI urges regulator to reject Oyo’s proposed public issue
The federation claims Oravel Stays, the parent company of Oyo, is engaged in anti-competitive business practices and hasn’t disclosed all the cases against it.
BUSINESS
Livspace ties up with Alsulaiman Group to invest $50 million in Middle East foray
Livspace looks to expand across 80 new cities globally starting with the APAC geography over the next 18-24 months.
BUSINESS
Exclusive: BharatPe raises Rs 100 Cr in debt funding from MAS Financial Services
BharatPe which recently also became a unicorn with a $370 million institutional fund raise from Tiger Global and others, plans to aggressively expand geographical coverage in India while launching multiple new lending products for merchants.
BUSINESS
Paytm gets SEBI's nod for Rs 16,600 crore IPO
Paytm IPO: This will be India's biggest public issue so far, a record that was previously held by Coal India, which raised Rs 15,000 crore over a decade ago, underscoring the appetite for new-age Internet companies among institutional investors.
BUSINESS
Bangalore hotelier takes Oyo IPO complaints to SEBI; Oyo says matter adequately disclosed in DRHP
BUSINESS
Gig workers have constitutional right in India to form unions, says TN Hari of BigBasket
Panelists express concern over mistreatment gig workers often face for raising protests against the companies they work for.
BUSINESS
Unacademy ropes in Zomato's Deepinder Goyal as board member
Deepinder Goyal had invested in Unacademy in its last round of funding which was announced in August.
BUSINESS
India binges on Bibimbap and Tteokbokki, while devouring Squid Game
Zomato sees a 45 percent increase in orders for Korean delicacies over the last few weeks.
BUSINESS
Swiggy rolls out two-day period time-off for women delivery partners
Swiggy and Zomato are also partnering with restaurants to ensure access to basic facilities such as washrooms for the women delivery partners.
BUSINESS
Amazon-Flipkart sops war in festive sales fizzles out, shows data
Discounts may have been scaled down as the e-commerce market matures and the government looks out for alleged malpractices.
TRENDS
Zomato's Deepinder Goyal seeks higher tolerance, reinstates staff after Hindi fiasco
While Zomato issued an apology for the comment and announced that the employee has been fired, CEO Deepinder Goyal took to Twitter hours later and revealed that the employee was reinstated as "this alone is not something she should have been fired for. This is easily something she can learn and do better about going forward".
BUSINESS
Grofers likely to enter horizontal e-com; plans to deliver anything including iPhones in 10 minutes
Online grocery delivery service Grofers, founded in December 2013, plans to involve members of the local community in expanding its product offerings to mobile phones.
BUSINESS
Festive sale clocked $4.6 billion in GMV; Flipkart emerges as leader with 64% market share: Redseer
Mobile phones remained a strong category with around Rs 68 crore of mobiles purchased every hour during the period.
BUSINESS
Cannot satisfy everybody but conscience is clear, have put best foot forward: Urban Company's Abhiraj Bhal
Urban Company Co-founder Abhiraj Bhal opens up on the hot-button issues such as minimum guarantee and customer sensitisation. Here's edited excerpts.
BUSINESS
Urban Company announces 12-point program to improve partner income
"The urgency with which we are moving is because it is the right thing to do and not under business pressure," Urban Company said.
BUSINESS
Meesho says sales doubled during its first festival offer
Nearly 60 percent of the demand during the Maha Indian Shopping League was driven by Tier-4 and beyond markets. More than 50 percent of the users placed their first online order ever during the sale, Meesho's Utrkrishta Kumar has said
BUSINESS
No one has gone from in-principle approval to final licence in four months like us, says BharatPe's Ashneer Grover
I just went to Rajnish Kumar and told him what my vision was with respect to BharatPe and he loved the way we were adopting digital, Ashneer Grover, co-founder and managing director of BharatPe tells Moneycontrol
BUSINESS
Myntra clocks 8 million orders during its eight-day Big Fashion Festival, announces another sale starting Oct 16
The company claims to have received orders from 5 million customers with 58% being women buyers. It; however, did not disclose the gross merchandise value (GMV) it reported during the sale.
BUSINESS
Will SEBI approve Oyo's IPO? Here's what the experts say
The market regulator may ask SoftBank-backed Oyo to either make additional disclosures or settle the dispute before approving the initial public offering
