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Paras Defence's Rs 171 cr IPO opens Sept 21, price band Rs 165-175

At the top-end, Paras Defence will have a market capitalisation of Rs 683 crore on a post-diluted basis

Sansera Engineering IPO subscribed 11.5x, gets bids worth over Rs 10,000 cr

Sansera's IPO was entirely an offer for sale worth Rs 1,283 crore. At the top-end of the price band, the company's market cap translates to Rs 3,823 crore

Hindustan Copper OFS sees tepid demand from non-retail investors

Offer received bids for 61.5 mn shares worth Rs 713 cr, most coming at an indicative price of Rs 116.12. A total of 96.7 million (10% stake) shares worth Rs 1,122 cr have been put on the block

Fintech startup Paytail raises $1.5 mn seed from Cholamandalam, others

Along with Cholamandalam, Paytail is committed to building a network of other large financial institutions to cater to the pre-approved loan offers for consumers

MakeMyTrip sees 100% return to travel in pharma, realty, other corp sectors

Firm's recent market study says financial services, IT, consumer goods and auto are the laggards, may be the last ones to see a complete recovery in corporate travel

Startup Ayu Health raises $6.3 mn in funding for expanding services

Ayu got the Series A financing from Vertex Ventures and Stellaris Venture Partners

Digital farm advisory startup BharatAgri raises $6.5 mn in Series A round

BharatAgri offers farmers an app-based platform for AI-based agronomy services on a paid subscription basis

Sansera Engineering IPO fully subscribed, issue closes on Thursday

Issue priced at Rs 734-744 a share, is entirely an offer for sale worth Rs 1,283 crore

HDFC Bank, RIL may see minor churn as Sensex rebalances on Friday

According to IIFL Alternative Research, HDFC Bank could see buying worth $57 million, while RIL could see selling to the tune of $11 million

TCS m-cap tops $200 bn, shares hit lifetime high of Rs 3,980 intra-day

The stock settles at Rs 3,955 at close, up 1.8% over previous close

Indian Banks' Association to steer 'EASE reforms' in public sector banks

EASE agenda is aimed at institutionalising clean and smart banking

Private lender RBL Bank resumes credit cards issuance to new customers

Plans to issue 1.2-1.4 million cards in the current financial year (FY22)

B2B networking platform Anar raises $6.2 mn in seed funding round

The Anar business app caters primarily to small-and-medium businesses (SMBs) across the value chain, from manufacturers to retailers and resellers, helping them connect and interact with one another

Uber launches bus service to help India's urban staffers get back to work

The 'Uber Corporate Shuttle' has safety a comprehensive set of safety measures; the service will run initially in Mumbai, Delhi and a few other cities

Over 20 mn Indians stream YouTube content on connected TVs, up 40% YoY

The Google-owned video platform also saw high growth in watch times of cricket, comedy, beauty, and educational content, underscoring greater propensity of users to tune into YouTube at home

Forbearance gives Indian banks time to build capital buffers: Fitch

No need for equity capital till FY25 to meet 8% CET1 level

Shadez raises $200K in pre-series A round led by Inflection Point Ventures

The startup is operating across Mumbai, Pune & Vadodara and has painted over 200 homes in Mumbai till date with over 400,000 sqft

Supreme Court rejects ArcelorMittal Nippon India's plea on arbitration

The SC bench of Justices Indira Banerjee and J K Maheswari held that the trial court can consider the Section 9 Arbitration Act application filed by Essar against ArcelorMittal

Shareholders of Tata Sons clear proposal to raise Rs 40K cr as fresh debt

The nod comes at a time when the group has ambitious plans to enter the e-commerce business

Moody's upgrades Tata Steel to Ba1 from Ba2; stable outlook

The stable outlook underscores Moody's view that Tata Steel will continue to strengthen its balance sheet, liquidity profile and financial policies to enhance its credit quality further