Business
Onsurity Closes $45 Million Series B Round to Enhance Healthcare Solutions for Indian SMEs
Bengaluru-based employee healthcare platform, Onsurity, has successfully closed its $45 million Series B round, raising approximately INR 377 crore. The funding round was led by private equity firm Creaegis, with continued participation from existing investors such as International Finance Corporation, Quona Capital, and Nexus Venture Partners. This marks a significant milestone in the company’s journey, […]
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Bajaj Finance Shares Top Gainers on Sensex and Nifty: Key Reasons Behind the Surge
Today, Bajaj Finance shares were among the top gainers on both the Sensex and Nifty, reflecting strong investor confidence and a positive market outlook. The surge in Bajaj Finance’s stock price can be attributed to the anticipation surrounding the upcoming Bajaj Housing Finance IPO, which is expected to hit the Indian primary market in September […]
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Trading Ban on Anil Ambani: Sebi Imposes 5-Year Ban and Rs 25 Crore Fine
In a landmark decision, the Securities and Exchange Board of India (Sebi) has imposed a 5-year trading ban on Anil Ambani, one of India’s most prominent industrialists. The ban stems from allegations of a fraudulent scheme orchestrated by Ambani and top executives of Reliance Home Finance Limited (RHFL). The regulatory authority has also levied a […]
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Orient Technologies IPO Day 2: GMP Rises as Subscription Surges
As the Orient Technologies IPO enters its second day, investor interest continues to grow, with the grey market premium (GMP) rising and subscription numbers showing strong momentum. The bidding, which opened on 21st August 2024, will remain open until 23rd August 2024. The company has set the Orient Technologies IPO price band between ₹195 to […]
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Saraswati Saree Depot IPO: GMP, Subscription Status, and Review – Is It a Good Buy Today?
The Saraswati Saree Depot IPO has officially opened for public subscription, hitting the Indian primary market today. This IPO, launched by Saraswati Saree Depot Limited, will remain open until August 14, 2024, providing investors a limited window to participate in the offering. Priced between ₹152 and ₹160 per equity share, the IPO aims to raise […]
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Hindenburg Research Says Something ‘Big’ Soon India: Another Adani-like Bombshell?
Hindenburg Research, the US short seller that shook the Indian financial markets last year, has hinted at another major revelation in India. Hindenburg Research says something ‘big’ soon India, sparking widespread speculation about what could be the next target after its explosive report on the Adani Group in January 2023. Last year, on January 24, […]
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The Ministry of Corporate Affairs (MCA) fines Zerodha Asset Management and its directors
The Ministry of Corporate Affairs (MCA) fines Zerodha Asset Management and its directors, including co-founder Nithin Kamath, a total of INR 23.9 Lakh for failing to appoint a CFO within the mandated timeframe. Penalties Imposed According to Moneycontrol, the MCA imposed fines on Zerodha Asset Management, co-founder and director Nithin Kamath, and other key directors […]
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Gurugram-based Unicommerce Files RHP for IPO; Softbank and AceVector to Sell Stakes
Unicommerce eSolutions Ltd is a Gurugram-based SaaS startup that has presented an RHP to SEBI for its IPO prospectus to launch its IPO. The IPO is to begin on 6th August 2013 and will end on 8th August 2013; however, anchor investors are to bid on 5th August 2013. Key Details of the Offer For […]
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SEBI’s Proposals on Index Derivatives to Curb Speculation in F&O Markets
The Securities and Exchange Board of India (SEBI) has unveiled a set of proposals aimed at tightening the framework for index derivatives (futures and options) to bolster investor protection and market stability. On July 30, SEBI released a consultation paper detailing these seven measures, aimed at enhancing the regulatory landscape for derivatives trading. Objective of […]
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Foxconn Clarifies Hiring Controversy, Confirms 25% of New Recruits Are Married Women
News Now Nation: Apple iPhone maker Foxconn has recently addressed concerns raised regarding its hiring practices and safety protocols. According to sources, the company has informed the government that 25% of its new hires are married women and that its safety protocol, which requires all employees to avoid wearing metal irrespective of gender or religion, […]
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