ULI, the credit digital public infrastructure (DPI) platform, designed and developed by the Reserve Bank Innovation Hub (RBIH), aims to enable a seamless and consent-based flow of digital information, including land records from various states, from multiple data service providers to lenders. Read this explainer to know more:
"The real excitement kicks in if F&O inclusion for both these names happens within the next few months," said Nuvama Alternative's head Abhilash Pagaria. "This could pave the way for Zomato and Jio to enter the Nifty 50 in the March 2025 review."
Digital payments company PayU is looking to expand its consumer fintech offerings through LazyPay, while maintaining its core focus on merchant payments. The Naspers-owned fintech firm plans to leverage LazyPay to develop a consumer payments and credit platform. CEO Anirban Mukherjee said PayU is anticipating regulations on allowing nonbank lenders on Unified Payments Interface (UPI) for tapping credit opportunities.
Investors from Pacific Investment Management Co to Neuberger Berman and Grantham Mayo Van Otterloo (GMO) are eyeing local-currency debt and select reform stories from countries including Ecuador and Argentina, which they say stand to benefit most from the boon the Fed cuts should provide to risk assets.
The newer players, such as Yatharth Hospital and Jupiter Life Line, have gained 58% and 25%, respectively, since their listings. Not just hospitals, even medical insurance administrator Medi Assist, that works with hospitals, has also gained 28% since its listing in January this year.
What was seemingly a very shallow and restricted market of less than 500 interested parties for each share sale on average four years ago now draws applications that run into six figures. Statistics show from just 408 applicants on average in FY20 and 511 in FY21, these SME IPOs drew a staggering 2,19,000 applications so far in FY25.
Masakazu Osawa, Asia Pacific CEO for the bank, tells that the group has only started its investment journey in India and would increase exposure in the economy tipped to be the world's third biggest soon.
The remaining amount is an offer for sale by the promoter, reducing the promoter's stake from 75% to 55% post-IPO. Gala Precision is focused on non-commodity product offerings where competition is lower and is gradually increasing its exposure to the mobility segment through its fastener products, driving incremental growth.
On August 5, the Sebi said that the valuation of AT-1 bonds my mutual funds would be based on the yield-to-call method, a move that implied lower volatility in net asset value (NAV) emanating from fund houses' investments in the instrument.
Parent Coca-Cola Co will decide if the deal will involve one or two co-investors, or if negotiations lead to creation of an investor consortium. A decision is likely by the end of this fiscal year. ET was first to report on June 18 that Coca-Cola had sounded out a group of Indian business houses and family offices of billionaire promoters to buy into HCCB, an arm it eventually wants to take public to cash in on the bullish domestic capital markets.
Wipro Ltd, a large-cap IT company, has broken out from an inverse head-and-shoulders pattern on daily charts, setting a potential for it to reach a new 52-week high. Analysts suggest buying with targets above Rs 600 in the next 1-2 months. The stock is trading above key moving averages and showing bullish signals.
New York Stock Exchange will open after Labor Day 2024 holiday as US stock market indexes -- S&P 500, Dow, and Nasdaq composite -- will eye a few factors.
