🎯 Competitive Strengths of Paras Defence IPO! | Opening on September 21
Fri, Sep 17, 2021 10:00 PM

🎯 Competitive Strengths of Paras Defence IPO! | Opening on September 21

[1] Paras Defence & Space Technologies is one of the few manufacturers of optics for space and defence applications in India. [2] Robust R&D capabilities with a focus on innovation. [3] Company's offerings are aligned with the “Atmanirbhar Bharat” and “Make in India” initiatives. [4] Strong experienced management. [5] Strong customer relationship with government arms and government organization.

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App Store offering ‘20% bonus’ for funds added to your Apple ID
Fri, Sep 17, 2021 9:11 PM

App Store offering ‘20% bonus’ for funds added to your Apple ID

Apple’s App Store in the country is offering a 20-per cent bonus for directly adding funds to Apple IDs. The funds can be used to buy games and apps from the App Store or pay for Apple TV+ and Apple Music subscriptions. The funds can also be used to buy additional iCloud storage or a subscription to Apple One. The one-time payment offer applies for funds from Rs 100 to Rs 15,000.

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Petrol, diesel prices may increase as international oil rates zooms
Fri, Sep 17, 2021 9:08 PM

Petrol, diesel prices may increase as international oil rates zooms

A rush in international oil prices may translate into a rise in the retail selling price of petrol and diesel in India as oil companies face extreme margin squeeze, sources said. Petrol and diesel prices have remained unaltered for 12 days but now the international rate zoom is exerting pressure. Current prices of petrol and diesel in the international market are higher by around $4-6%.

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D-Street may secure booking next week as Fed taper looms
Fri, Sep 17, 2021 9:02 PM

D-Street may secure booking next week as Fed taper looms

Domestic equities may see some cooling off next week after securing sharply in the past few sessions as investor nerves will be fraught ahead of the US Federal Reserve’s monetary policy meeting. Any information of tapering by the Fed could lead to some knee-jerk reaction from the global markets including India. This week the benchmark indices grew over 1 per cent despite closing in the red today.

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Paytm employees to convert ESOPs into share gets time till September 22
Fri, Sep 17, 2021 8:16 PM

Paytm employees to convert ESOPs into share gets time till September 22

Digital payments and financial services firm Paytm have given time till September 22 to its employees to decide on converting their stock options ahead of the company's ₹16,600 crore-IPO designed to be introduced in October, according to sources aware of the development. As per an email, the last day for employees to exercise their ESOPs is September 22.

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NODWIN Gaming purchase Gaming & Adjacent IPs Of OML Entertainment
Fri, Sep 17, 2021 8:09 PM

NODWIN Gaming purchase Gaming & Adjacent IPs Of OML Entertainment

Gurugram-based esports startup NODWIN Gaming, an independent subsidiary of Nazara Technologies, has purchased the gaming & adjacent IP business of OML Entertainment for INR 73 Cr, providing partial liquidity to OML’s (Only Much Louder) shareholders, including CA Media. Following the acquisition, NODWIN will merge OML's (Only Much Louder) intellectual properties (IPs) within its platform.

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GST Council refers GoM on Swiggy, Zomato GST issue
Fri, Sep 17, 2021 8:05 PM

GST Council refers GoM on Swiggy, Zomato GST issue

The GST Council on September 17 mentioned the issue concerning the tax to be levied on online food aggregators such as Swiggy and Zomato to the group of ministers, said West Bengal Minister Chandrima Bhattacharya. Bhattacharya who is the Minister of State for Urban Development and Municipal Affairs attended the GST Council's meeting on behalf of Amit Mitra's.

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Fintech startup PayMate is eyeing to lift $4 Mn in a fresh round
Fri, Sep 17, 2021 8:01 PM

Fintech startup PayMate is eyeing to lift $4 Mn in a fresh round

B2B digital payment startup PayMate is looking to lift $4 Mn in a fresh round of funding. As per the regulatory filings, PayMate is allocating approximate 293 non-cumulative participating Compulsory Convertible Preference Shares (CCPS) to Astor Management AG, Felicitas Equity Fund,  and CXI Valley I LLC. The fresh round is likely to be led by Felicitas.

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Grofers taking steps towards building more inclusive, diverse organisation
Fri, Sep 17, 2021 7:36 PM

Grofers taking steps towards building more inclusive, diverse organisation

Online grocery ordering platform Grofers on Friday said it is taking various steps towards building a more "inclusive and diverse" organisation, including offering an endowment of Rs 50,000 per child for new parents and up to 10 days of period leave in a year. Dhindsa said that the company “still has a long way to go” but it has taken some steps towards building a “more supportive' organisation.

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Nitin Gadkari stress on urgency of network of modern & high quality roads
Fri, Sep 17, 2021 7:31 PM

Nitin Gadkari stress on urgency of network of modern & high quality roads

Union Minister for Road Transport & Highways Nitin Gadkari has stressed the significance of the network of modern & high-quality roads for economic development & creating employment opportunities. Gadkari said in Gujarat, 423 km of road is being constructed at a cost of Rs35,100cr. He said under this expressway, 60 major bridges, 17 interchanges, 17 flyovers & 8 ROBs will be built in the state.

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Tata Digital likely to introduce its own marketplace for cosmetics
Fri, Sep 17, 2021 7:05 PM

Tata Digital likely to introduce its own marketplace for cosmetics

As it focuses to purchase more and more digital commerce startups to stay ahead in the super app race, Tata Digital, the subsidiary of Tata Group, is reportedly operating on its own eCommerce platform to sell cosmetic products. The company, which owns beauty brands Studiowest and Skinn, will compete with the existing cosmetic online marketplaces such as IPO-bound Nykaa, Sugar, Lush, Purplle etc.

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Rupee closes 4 paise higher at 73.48 against US dollar
Fri, Sep 17, 2021 6:55 PM

Rupee closes 4 paise higher at 73.48 against US dollar

The rupee closed 4 paise higher at 73.48 (provisional) against the US dollar on Friday, tracking the broad frality of the American currency in the international market. At the interbank forex market, the local unit opened flat at 73.49 against the greenback. During the session, the domestic unit observed an intra-day high of 73.42 and a low of 73.55.

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Livspace informs retail expansion across India and APAC
Fri, Sep 17, 2021 6:51 PM

Livspace informs retail expansion across India and APAC

Home interior and renovation platform Livspace will be undertaking geographic extension across India and Asia-Pacific (APAC) markets, and will be financing close to $50 million to fuel its growth across new markets, the company said on Friday. Livspace plans to invest $50 million to rapidly enlarge its business and grow the team internationally.

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Half of Anil Goel's stock choose bear grip despite smallcap rally
Fri, Sep 17, 2021 6:45 PM

Half of Anil Goel's stock choose bear grip despite smallcap rally

Half of the master investor Anil Kumar Goel's smallcap bets is in the bear grip, falling over 20 per cent from their 52-week highs. Goel's portfolio, which delivered 4 times’ returns between March 2020 and June 2021, has started reversing profits following a recent fall in sugar and other commodity stocks. The smallcap space, however, has shown no sign of weakness.

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GoPaisa earmarks ₹200 crore GMV for FY 2021-22
Fri, Sep 17, 2021 6:43 PM

GoPaisa earmarks ₹200 crore GMV for FY 2021-22

GoPaisa, a cashback and coupons website in India, has informed clocking a gross merchandise value (GMV) of ₹150 crores in the financial year 2019-20 (FY20). The website has successfully facilitated over 300,000 transactions in 2021, serving over 3.5 million registered users on its platform. GoPaisa focuses to grow to a GMV of ₹200 cr by the end of FY22, the company said in a statement.

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