PB Fintech to raise Rs 6,500 crore through IPO
The parent company of Policybazaar was allowed to go ahead with a public issue of shares at an extraordinary general meeting(EGM) On 5 July.
Bhomik Mathur is pursuing his Bachelor's degree in Mass Media from Mumbai University. He is an enthusiastic news analyst and aims to give the readers a simple understanding of complex issues. Indian politics and International Relations are his subjects of interest. He is currently working as an intern with businessupturn.com and can be reached at bhomikmathur2002@gmail.com
The parent company of Policybazaar was allowed to go ahead with a public issue of shares at an extraordinary general meeting(EGM) On 5 July.
According to news agency PTI, the main thrust of the visit would be on preparing the ground for an in-person summit of Quad leaders later this year in Washington DC.
Non-performing assets(NPA) continued to remain a worry for the non-banking finance company with net NPA recorded at 1.46% as against 0.74% in the year-ago quarter
A major chunk of the capital raised would be used to expand its non-food entities like the grocery service Instamart and pick up and drop facility Swiggy Genie.
Shyam Metallics had released its public issue worth Rs 909 crore in June 2021 which got subscribed by 121.43 times
Earlier on Monday, the Minister of State for Finance Pankaj Chaudhury told the Parliament that some entities of the Adani Group were under investigation by the Securities and Exchange Board of India(SEBI) over compliance with the regulator's rules.
Data revealed that over 1,697 people died in the country between April 2020 and May 2021 after getting hit by a lightning bolt.
A team of doctors from the district hospital found his oxygen level to be low during the initial check-up following which he was advised to get admitted to a hospital in Uttar Pradesh's capital Lucknow
The company said in a statement that inspection of vehicles and subsequent rectification would be done for the customers for free.
Motilal Oswal observed that the fast-food company had changed its business model through a barbell product strategy and the introduction of BK Cafe which can allow it topline and margin expansion.
The fresh capital input has increased the company's valuation to $2.5 billion.
Addressing an election rally in PoK's Bagh, Imran Khan also made a mention of the BJP's ideological mentor Rashtriya Swayamsevak Sangh(RSS)
The decision of setting up a bad bank that would take over the stressed assets of the banks was announced by Finance Minister Nirmala Sitharaman in her union budget 2021-22 speech.
A spat between Saudi Arabia and UAE at a meeting earlier this month had foiled an earlier agreement, which is crucial as global oil prices continue to increase.
Only students who have been administered one dose of the COVID-19 vaccine will be allowed to attend the physical lectures in educational institutions.
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