One97 aims to turn profitable by FY22; US-based mutual fund T Rowe recently raised One97 arm fintech arm Paytm's valuation to $16 billion

Despite significant Chinese investment in Paytm, founder Vijay Shekhar Sharma has been vocal about his support for ban on apps from neighbouring country. He was among first ones to laud government's decision to ban 59 Chinese apps back in June

Byju's has raised $500 million in a fresh funding round from private equity (PE) players BlackRock and T. Rowe Price; With one million Twitter followers, the Reserve Bank of India has become the world's first central bank to achieve the milestone; India's macroeconomic situation is improving fast and the country's GDP growth will turn positive in the third and fourth quarters of the current financial year, eminent economist Ashima Goyal said on Sunday. Watch this and more on News Blast.Also Read: India likely to report current account surplus for FY21: CEA

Current tariff 'unsustainable'; need telcos, TRAI to support hike: Sunil Mittal Bharti Airtel Chairman Sunil Mittal has stressed on the need for a hike in telecom tariff as the current rates are \"unsustainable\". However, he said that the telecom market and regulator would have to be on the same page before Airtel can go ahead with a tariff hike. Mittal added that Airtel has taken a clear stance on the issue of tariffs and is of the view that a hike is necessary. World Bank cautions G20 ...

With the latest funding round, Byju's has further narrowed its valuation gap with digital payments platform Paytm, which presently enjoys a valuation of $16 billion, as per the Hurun India Unicorn Index 2020

The share opened at Rs 490.25 causing loss of Rs 63 or 11.50% to investors. Price band of the IPO was fixed at Rs 552 to Rs 554 per share

The allotment for the shares is expected to be known by October 7/ October 8. Those who had bid for the issue can check the subscription status on the online portal of KFin Technologies, the registrar to the issue

The issue received bids for 5,42,64,854 shares against 1,37,70,491 shares on offer, translating into 3.94 times subscription. The IPO was of a fresh issue of Rs 300 crore and an offer for sale of Rs 300 crore

The Rs 2,160-crore initial public offering of UTI Asset Management Company was subscribed 78.5 per cent on the second day of bidding on Wednesday

The objective of the offer is to achieve the benefits of listing the equity shares on the stock exchanges. Being an OFS, the net proceeds from the share sale of UTI AMC will go to existing shareholders SBI, LIC, BoB

Kotak Mahindra Capital Company, Axis Capital, Citigroup Global Markets India, DSP Merrill Lynch, ICICI Securities, JM Financial and SBI Capital Markets are the book running lead managers to the offer

The initial public offering (IPO) of Angel Broking has been fully subscribed on the second day of bidding i.e. Wednesday

UTI AMC IPO will close on October 1. Price band for the share sale is yet to be announced

India Stock Market News Updates Today: Bharti Airtel, Tata Steel, PowerGrid, NTPC, ONGC, TCS and Bajaj Auto were among the laggards on Sensex pack. On the other hand, Infosys, HCL Tech, Asian Paints, Kotak Bank, Titan and HDFC Bank were among the other gainers.

Mortgage lender will use funds for expansion of subsidiaries and associate companies; HDFC's subsidiaries in life and general insurance space are expanding at a fast pace and are keen to make acquisitions

Top companies that hit the primary market with initial public offerings (IPOs) last year included IRCTC, CSB Bank, Ujjivan Small Finance Bank, Prince Pipes, IndiaMart, Neogen Chemicals, Rail Vikas Nigam, Sterling and Wilson Solar, and Affle India among others

Higher voting rights in private bank may come as a dampener for attracting new investors into the bank; investors may feel that SBI would call shots in deciding future strategy

The IPO of the country's largest asset management company in terms of total assets under management (AUM) comprises sale of 3,89,87,081 equity shares by existing shareholders, according to the draft red herring prospectus (DRHP)

Shriram Transport Finance share has gained 3.13% in last 2 sessions. Shriram Transport Finance share price trades higher than its 5 and 20-day but lower than 50, 100 and 200-day moving averages

The University of Cambridge, which is legally called the Chancellor, Masters and Scholars of the Cambridge, has invested in Kotak's equity offering for generating longer term returns