Hasura Raised $100 Million, Become 10th Startup Unicorn of 2022
Hausra, a Bengaluru and US-based open-source engine, has raised $100 million in fresh funding led by Greeoaks capital. In the funding round, the existing investor Nexus Venture Partners, Lightspeed Partners and Vertex Ventures also participated. With this latest fundraise, Hasura becomes the tenth startup India’s unicorn of this year. It joins like the edtech firm…
John David
LIC IPO: Key Things To Know About The Highest IPO In India
LIC, Life Corporation of India, the country’s largest and most reliable issuance company, is to shake the stock market with the highest IPO, Initial Public Offering, to raise up to 65,000 crores, making it the biggest listed financial service provider after HDFC bank. The government plans to sell 5% of its stake in the IPO,…
Approves Tata Steel’s Bid to Acquire 93.71% Equity in NINL
The Government on Monday has approved the highest bid of Tata Steel Long Products Limited for acquiring 93.71% equity in Neelachal Ispat Nigam Ltd (NINL), a joint venture of 4 CPSEs ─ MMTC, NMDC, BHEL, MECON, and 2 Odisha Government-owned companies ─ OMC and IPICOL. This is a combined decision of three Ministers ─ Transport…
Reliance Retail Acquires 54% Shares in Addverb For ₹ 983 Cr.
Reliance Retail Venture Ltd., the retail unit of Reliance Industries Ltd., has now acquired 54% stakes in Robotic Company, Addverb Technologies for ₹ 983 Cr. ($ 132 million approximately). Before this, Reliance has picked 25.5% stacks worth in Dunzo for $240 million. With this, the company is expecting business extension in Europe and US and…
HCL Technologies: Bookings Higher By 64% YoY
C Vijayakumar, CEO and MD, and Prateek Aggarwal, CFO of HCL Technologies, have announced Q3 results. Get insight into the whole matter in the following section. How is the Demand Environment? What are the big themes that are expected to play roles in going forward? C Vijayakumar: The demand environment is strongly driven by multiple…
EaseMyTrip, India’s Online Travel Platform, Announced Bonus Shares
India’s one of the largest online travel platforms ━ EaseMyTrip ━ has declared the issuance of bonuses intending to allow its shareholders to increase their equity and gain greater exposure to its future growth. In the meeting, held on 12 January 2022, Wednesday, the board of directors have approved and recommended the issuance of fully…
Dalal Street Week Ahead: Factors That Will Impact Stock Market
The stock market is likely under a lot of pressure next week until the severity of the new COVID-19 variant emerges. Check more details in the following section. People generally get excited when there is a sale around. But, it was a Black Friday sale, traders and investors looked nervous as the Indian equity market…
Mutual Fund SIP Contributes to Set a New Record In August
The investment in the mutual fund continued to surge in August, shows data released from the Association of Mutual funds in India (AMFI). With monthly SIP contributions rising to Rs. 9,923 crore, new SIP registration now reached 25 lakh, the highest number ever. The number of registrations last month was nearly 2.5 times higher than…
