This is the first deal by an Indian startup after the sector was opened to private companies in 2020.
Posts tagged Rediff
‘On Track For Best-Ever IPO Year’ (10-09-2024)
During the first eight months of CY24, 50 IPOs mobilised Rs 53,453 crore.
Apple unveils iPhone 16 with AI, new Airpods and watch (10-09-2024)
In a dazzling showcase at Apple Park, Apple on Monday introduced its latest technological marvels, including the much-anticipated iPhone 16 lineup. The event, held at the newly inaugurated Observatory building, featured an array of exciting updates that promise to redefine the smartphone experience.
28% GST on online gaming spiked revenue by 412% (09-09-2024)
Finance Minister Nirmala Sitharaman on Monday said that GST collection from online gaming has increased 412 per cent in six months from October 1, 2023, when 28 per cent tax was levied on these services. Briefing media on the decisions taken at the 54th meeting of the GST Council, Sitharaman said the status on revenue collection from casinos, online gaming and horse races after six months of implementation of 28 per cent GST was presented to the Council. “The revenue from online gaming has increased by 412 per cent and reached Rs 6,909 crore in just for six months.
RBI seen warming up for a neutral shift in stance (09-09-2024)
With concern on food inflation ebbing with the monsoon progressing well, the Reserve Bank of India (RBI) is warming up to the idea of a change in stance to “neutral” from “withdrawal of accommodation”, according to economists. In his speech on Thursday during the annual event of the Federation of Indian Chambers of Commerce and Industry-Indian Banks’ Association, RBI Governor Shaktikanta Das said: “The balance between inflation and growth is well-poised.”
Stage set for unveiling of iPhone 16, new Apple watch (09-09-2024)
Tech giant Apple’s highly anticipated “It’s Glowtime” event is set to make waves on Monday, unveiling the new iPhone 16 along with other exciting updates.
Infy insider trading case: Curbs on 16 entities lifted (09-09-2024)
Sebi on Monday lifted restrictions imposed on 16 entities, including some former employees of Infosys, in a case pertaining to alleged insider trading activities in IT major shares. The regulator also directed that the prohibition slapped on six entities — Amit Bhutra, Bharath C Jain, Capital One Partners, Tesora Capital, Manish C Jain and Ankush Bhutra — through the interim order, along with the confirmatory order, will stand vacated with immediate effect, bringing an end to the matter. “I deem it fit to vacate the directions issued vide the interim order read with confirmatory order against noticees 2 to 7 and dispose of instant proceedings against all the noticees.
After UPI and ULI, what banks plan to do next (09-09-2024)
Eying benefits from digital banking, lenders are now looking at building Unified Recovery Interface (URI) for enhancing efficiency, reducing costs, and getting good prices for properties of defaulters. This would be managed by PSB Alliance Ltd, a company set up by all public sector banks in the country. M V Rao, chairman, Indian Banks’ Association (IBA), said: “Till now we had Unified Payments Interface (UPI), a product developed by National Payments Corporation Ltd (NPCI).
Sensex rebounds 376 pts, Nifty closes above 24,900 (09-09-2024)
Benchmark Sensex bounced back from early lows and closed higher by nearly 376 points on Monday, snapping its four-day losing run following a rally in blue-chips ICICI Bank, HUL and HDFC Bank. The 30-share BSE Sensex rebounded 375.61 points or 0.46 per cent to settle at 81,559.54. The index opened lower and hit a low of 80,895.05 points in early trade.
Street Signs: F and O seismic shift, IPO fervour, and more (09-09-2024)
With new eligibility criteria for futures and options (F and O) coming into effect, Jio Financial Services and Zomato are strong contenders for inclusion in the derivatives segment, according to an analysis by Nuvama Alternative and Quantitative Research. The report suggests that these new F and O inclusions could also propel these two companies into the benchmark National Stock Exchange Nifty 50 during the March rebalancing.