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“I thought it would take me four to six years of revenue to go public,” Founder and Chief Executive Officer Bhavish Aggarwal said in an interview while sipping iced Vietnamese coffee in New Delhi’s bustling Connaught Place. Ola Electric’s scooter business has also been affected by delivery delays due to chip shortages, and issues with quality and fire.Ola Electric Mobility Pvt. is in line for an initial public offering sooner than its founder previously imagined, Read More

July, August and September F&O contracts for Reliance Industries are set to expire on 19 July. Reliance Industries’ open futures and options contracts for the months of July, August and September will expire on 19 July as a result of the demerger of Jio Financial from billionaire Mukesh Ambani led-RIL. The demerger is set to occur on the record date of 20 July. “All existing contracts with expiry dates July 27, 2023, August 31, 2023 Read More

The Varanasi-headquartered small finance bank’s (SFB) IPO will open for public subscription during July 12-14. The bidding for anchor investors will open on July 11, the lender announced. Utkarsh Small Finance Bank on Monday said it has fixed a price band of Rs 23-25 a share for its Rs 500-crore initial public offering (IPO).The Varanasi-headquartered small finance bank’s (SFB) IPO will open for public subscription during July 12-14. The bidding for anchor investors will open Read More

Non-deliverable forwards indicate rupee will open at around 82.66-82.70 to the U.S. dollar compared with 82.51 in the previous session. The Indian rupee is poised to fall on Friday after strong U.S. private hiring data exacerbated worries of more Federal Reserve policy tightening. Non-deliverable forwards indicate rupee will open at around 82.66-82.70 to the U.S. dollar compared with 82.51 in the previous session. “Most big moves happen when people least expect it. And after what Read More

The proposal is aimed at increasing the liquidity on the RFQ platform and enhancing the transparency and disclosures pertaining to investments in corporate bonds, which in turn will encourage investment by FPIs in the corporate bond segment, Sebi said. Sebi on Thursday proposed mandating Foreign Portfolio Investors (FPIs) to undertake at least 10 per cent of their total secondary market trades in corporate bonds by value on the RFQ (Request For Quote) platform of the Read More