Orient Technologies IPO Day 1: GMP, Subscription Status, Review, and Investment Outlook
The highly anticipated IPO of Orient Technologies Ltd, a Mumbai-based IT solutions provider, has officially opened for public subscription today, August 21, and will continue until August 23. This initial public offering (IPO) presents a promising opportunity for investors, with the company setting a price band…
The insolvency crisis facing Indian ed-tech giant Byju’s has triggered widespread concern among its workforce, marking a potential upheaval in the country’s startup sector. Once valued at $22 billion and hailed as a leading figure in online education during the COVID-19 pandemic, Byju’s is now embroiled in a major financial dispute with U.S. lenders demanding $1 billion in unpaid…
Paytm is set to complete its Rs 100 crore investment plan in GIFT City, Gujarat, within the next six months. The development center will focus on creating a suite of financial products and services, contributing to job creation and advancing AI-driven cross-border remittance and payments technologies.
One97 Communications Limited (OCL), Paytm’s parent company, announced that it is in the process…
Nomura India has provided a comprehensive analysis of Zomato’s recent acquisition of Paytm’s entertainment ticketing business, shedding light on the potential risks and key drivers that could influence the company’s stock performance. The brokerage’s detailed report addresses the challenges and opportunities presented by the deal, offering insights into how this strategic move might impact…
Peloton Interactive’s upcoming earnings report will draw attention to the company’s ongoing CEO search and its strategies to boost subscriber growth for fiscal 2025. Scheduled for release on Thursday, the report will provide insights into how the fitness equipment maker plans to navigate its recovery from a post-pandemic sales slump.
Peloton has faced significant challenges since the surge in…
Visit Health, a prominent healthtech platform, has successfully secured over ₹250 crore through a combination of primary capital infusion and secondary share purchases. The funds were raised from Docprime Technologies, a subsidiary of PB Fintech, along with contributions from other promoters and employees.
This significant capital injection will drive Visit Health’s growth strategy focusing on…
Unimech Aerospace and Manufacturing Ltd, based in Bengaluru, has submitted draft papers to the Securities and Exchange Board of India (SEBI) for an Initial Public Offering (IPO) valued at ₹500 crore. The IPO will consist of a fresh equity share issue of ₹250 crore and an offer for sale (OFS) of up to ₹250 crore by the promoter and the promoter group, as outlined in the draft red herring…
MobiKwik, the digital financial services platform, has marked a significant achievement by reporting its first-ever full-year profitability for FY24 after 15 years of operating at a loss. The company announced a Profit After Tax (PAT) of ₹14.08 crore, a substantial turnaround from the ₹83.81 crore loss in FY23. This milestone has boosted MobiKwik’s confidence as it prepares for its Initial…
Wells Fargo has agreed to sell its non-agency third-party Commercial Mortgage Servicing business to Trimont, marking a significant shift in the commercial real estate landscape. This deal will elevate Trimont to become the largest servicer of commercial real estate securitized debt in the United States.
Trimont, established in 1988 and primarily serving non-bank and alternative lenders, will…
Chili’s has seen a remarkable surge in sales, climbing nearly 15% in its latest quarter, thanks in part to a viral TikTok appetizer and a targeted ad campaign against fast-food chains. This boost is a clear indicator that the restaurant chain’s two-year turnaround strategy is paying off.
Brinker International, Chili’s parent company, has experienced a 53% increase in stock value this year…
