Budget 2020

Jack Ma-backed Zomato planning to file $650 mn IPO next month

By Baiju Kalesh Zomato Pvt, an Indian food delivery startup backed by Jack Ma’s Ant Group, is planning to file the draft prospectus by April for its initial public offering that could raise about $650 million, according to people familiar with the matter. The company could complete the listing in Mumbai before the end of […]

Budget 2020

Domestic mutual funds face redemption for the ninth month

At a time when the benchmark indices are trading near record highs, domestic mutual funds have continued to report the redemption pressure for the ninth consecutive month in February 2021. According to the data from SEBI, they have sold equities worth Rs 1.2 lakh crore during the period. It is about half of the total […]

Budget 2020

Vahan ‘places 5,000 blue-collar job seekers a month’

Vahan, an AI-enabled livelihood platform, claimed it found jobs for 5,000 blue-collar workers every month through its WhatsApp-based chatbot, Mitra. The platform reported a growth of 400% in blue/grey-collared job placements in the last year with logistics, delivery, and BPOs being the lead hirers. As per Vahan, it currently has a user base of 5 […]

Budget 2020

Banking services may get affected later this month due to proposed strike: Canara Bank

Public sector lender on Thursday said that banking services may get affected later this month due to the proposed strike by several bank unions. “We have been informed by the Indian Banks’ Association (IBA) that the United Forum of Bank Unions (UFBU) has given a call for strike in the banking industry on March 15 […]

Sports

Ravichandran Ashwin, Joe Root, Kyle Mayers nominated for ICC ‘Player of the Month’ honour

Seasoned India off-spinner Ravichandran Ashwin along with England captain Joe Root and West Indies’ new batting sensation Kyle Mayers were on Tuesday nominated for the ICC ‘Player of the Month’ for their exceptional performances in February. Ashwin played three Tests against England and scored 106 in the second innings of India’s second Test victory at […]

Budget 2020

As FIIs send stocks to dizzying valuations, local investors book profits in equity MFs for sixth straight month

It was Christmas time, and Santa seemed rather generous this year – to stockholders. As foreign funds kept pouring into India, sending stocks to dizzying valuations, local investors decided to book some profits. So, they told equity mutual funds worth Rs 10,147 crore in December. This figure is lower than November’ s Rs 12,919 crore […]

Budget 2020

Equity MFs see outflows for sixth month in a row as investors withdraw Rs 10,000 cr in Dec

NEW DELHI: Mutual fund investors continued to withdraw massive amounts in December, extending net outflows to the sixth straight month as they booked profits instead of staying invested, even as the market continued to form record highs. Amfi data released for the month of December said investors withdrew a net Rs 10,147.12 crore, lower than […]

Sports

‘IPL player retention deadline is January 21, trading window closes next month’

The IPL’s governing council has decided that the eight franchises will be allowed to submit the names of their retained players by January 21, league’s chairman Brijesh Patel said on Thursday. Patel and members of the IPL GC recently had a virtual meeting earlier this week where the planning and preparations of the next IPL […]