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Edtech firm iNurture raises $15 mn from ADM Capital in debt and equity

Currently, the company has partnerships with over 30 university campuses across India, offering over 50 programmes on campus, and has more than 15,000 students enrolled in these programmes.

Prudent Corporate IPO subscribed 36% on Day-1 on retail interest

The retail investor portion was subscribed 71%. A day earlier, form allotted shares worth Rs 160 cr to anchor investors

Venus Pipes raises Rs 50 cr from anchor investors, allots 1.52 mn shares

Deal done at Rs 326 apiece to three anchor investors Nippon India, Kotak Life Insurance and India SME Investments

Rainbow Medicare slumps 17% on debut in worst IPO listing in CY22 so far

Stock end at Rs 450, Rs 92 below issue price of Rs 542 a share

ForeignAdmits raises Rs 3.26 crore from Unicorn India Ventures, others

This is the second investment by UIV in Foreign Admits. It had raised a seed round from Unicorn India recently, taking total fundraise to over $1 million

Bajaj Finance raises interest rates on fixed deposits by up to 10 bps

The revised interest rates by Bajaj Finance will be applicable to fresh deposits as well as renewals of maturing deposits

Skillmatics raises $16 mn in series B funding round led by Sofina

Operating in a $100 billion global toys and games market, Skillmatics designs content-led games and play centric learning resources.

Campus Activewear stock soars 29% on debut, ends the day with 27% gains

The stock ended at Rs 371.7, with a gain of Rs 79.7 over the issue price of Rs 292 per share

Sell-off continues in stock market; Sensex falls 365 pts, RIL declines 4%

European and Asian equities traded weak on concerns around world economic growth amid surging inflation, monetary tightening, and a slowdown in China's export

Limited bank funding drags Impact NBFCs' growth: CIBIL assessment

Impact NBFCs will need Rs 58,000 crore equity, according CIBIL assessment

Future Group hasn't made disclosures to stock exchanges, says Amazon

While arguing in the case, Amazon asked why Future did not inform the Supreme Court about the termination notice it received for its stores

HCL Tech to acquire Bengaluru-based Quest Informatics for Rs 15 cr cash

Quest currently serves more than 40 global leaders in the aftermarket space with its cloud-enabled aftermarket ERP, field services management, and digital parts catalog product suites

OYO completes acquisition of Europe-based Direct Booker for $5.5 mn

OYO acquire Europe-based Direct Booker. OYO has in the recent past declared its intent of actively scouting for 'tuck-in' acquisitions, especially in the European market as a strategic growth lever

Rate hike: HDFC Bank raises MCLR by 25 basis points across all tenures

According to the private lender's website, the overnight MCLR stands at 7.15 per cent compared to 6.9 per cent earlier.

Rupee reaches all-time low of 77.42 per dollar amid rising crude oil prices

The hawkish stance of the US Federal Reserve has resulted in the hardening of the US bond yields with the dollar index strengthened to 20 year high

LIC IPO subscribed 1.8x a day ahead of close, big push from policyholders

The policyholder quota was subscribed over 5 times, employee portion 3.8 times and retail individual investor quota 1.6 times.

42% users say e-commerce sites display country of origin: LocalCircle study

It has been almost two years since govt asked online platforms to ensure compliance to display this information

LIC IPO: Non-institutional investors' portion fully subscribed on Day 4

The portion of LIC's initial public offering earmarked for non-institutional investors, including high net-worth individuals, has been subscribed fully on the fourth day on Saturday

Fire breaks out at Tata Steel's Jamshedpur plant; two workers injured

The incident has been reported to the relevant authorities and an investigation to assess the cause is underway

HDFC raises home loan interests by 30 bps after RBI's repo rate hike

For new customers, on loans upto Rs 30 lakh, interest rate charged will be 7.10 per cent.