Dream11 cofounders applies to Karnataka HC over gaming ban
Mon, Oct 25, 2021 2:38 PM

Dream11 cofounders applies to Karnataka HC over gaming ban

Dream11 cofounders Bhavit Sheth and Harsh Jain approached the Karnataka HC to revoke the FIR filed by Karnataka Police. The FIR was filed due to the state's online gambling law that came into effect on October 5. Sheth and Jain filed the writ petition on Friday. A case was registered by Annapoorneshwarinagar Police in West Bengaluru against Dream11 based on a complaint by cab driver Manjunatha.

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Electricity sector's sustainability and promotion rules notified by Centre
Mon, Oct 25, 2021 2:25 PM

Electricity sector's sustainability and promotion rules notified by Centre

The Power Ministry came out with rules for the sustainability of the electricity sector and the promotion of clean energy. It will help to attain India’s commitment towards Climate Change. The investors and other stakeholders in the power sector are interested in the timely recovery of the cost due to changes in law, curtailment of renewable power and other related matters.

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FM invites EU to invest in India's green hydrogen projects
Mon, Oct 25, 2021 2:17 PM

FM invites EU to invest in India's green hydrogen projects

FM Nirmala Sitharaman met Frans Timmermans, Executive Vice President of the European Commission and invited the European Union (EU) to collaborate with India green hydrogen. It will help to harness the natural synergies in this area. Frans Timmermans complimented India’s commendable achievements in climate action and commitment to generating 450 GW of renewable energy by 2030.

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Eyeing ejection of Oyo's proposed IPO, FHRAI moves SEBI
Mon, Oct 25, 2021 2:12 PM

Eyeing ejection of Oyo's proposed IPO, FHRAI moves SEBI

The Federation of Hotel and Restaurant Association of India (FHRAI) applied to Sebi to suspend the proposed listing of Oyo. The company alledged misrepresentation in the draft prospectus. The development comes weeks after Zostel, which was engaged in a more than five-year-long legal battle with Oyo also sought the regulator's intervention against the proposed PO.

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Ahead of S1 test drives Ola unveils 1st Hypercharger
Mon, Oct 25, 2021 1:56 PM

Ahead of S1 test drives Ola unveils 1st Hypercharger

Ola Electric has unveiled its first 'Hypercharger' for charging its electric S1 scooter in ahead of the November 10 commencement of test drives. Ola's Hypercharger Network, when completed, would include over 100,000 high-speed charging points in over 400 Indian cities and towns, making it the world's largest and densest two-wheeler charging network.

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ICICI Bank dethrones HUL to become 5th most valued stock on D-Street
Mon, Oct 25, 2021 1:48 PM

ICICI Bank dethrones HUL to become 5th most valued stock on D-Street

ICICI bank dethroned HUL and becomes the most valued stock on Dalal Street on Monday. For the first time since May 2015 that HUL lost to ICICI Bank in the m-cap race. On May 19, 2015, HUL's m-cap stood at Rs 1,82,733.6 crore compared with ICICI Bank's Rs 1,82,892.14 crore. HUL stocks have risen marginally by 1 per cent so far in 2021 compared with a 59 per cent rise in shares of ICICI Bank.

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Edtech startup Teachmint raises INR 526 Cr in funding round
Mon, Oct 25, 2021 1:38 PM

Edtech startup Teachmint raises INR 526 Cr in funding round

Teachmint, an edtech startup, has raised $78 million in a series B fundraising round led by new investors Rocketship.vc and Vulcan Capital. This round also includes participation from Lightspeed India Partners, Learn Capital, and MV Opportunities India. Teachmint is a mobile and video-first teaching platform that was created specifically to assist teachers in digitising their classrooms.

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SVQuad, and others invest $3 million in Dresma.ai Inc.
Mon, Oct 25, 2021 1:33 PM

SVQuad, and others invest $3 million in Dresma.ai Inc.

Dresma Inc., on Monday announced that it has raised $3 million in seed funding led by SVQuad with participation from Inventus Capital Partners and Thinkuvate. The funding will help Dresma accelerate the solution and explore higher engagement video and augmented reality content, which is the next frontier. The company has its global development and support team in Gurugram, India.

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5paisa.com roll out portfolio advisory service
Mon, Oct 25, 2021 1:18 PM

5paisa.com roll out portfolio advisory service

5paisa.com has announced the debut of '5paisa Wealth,' a portfolio consulting service for its customers, making it the first broker in the country to do so. Portfolios from top investment advisors will be included in the offering. These portfolios will have a pricing model that is based on the investment value of the client in that portfolio.

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Asian Paints' target price cut by brokerages
Mon, Oct 25, 2021 1:03 PM

Asian Paints' target price cut by brokerages

On October 25, Asian Paints' target price was reduced by brokerages as a whistleblower flagged transactions done by the paintmaker's promoters that allegedly benefited them at the expense of shareholders. The whistleblower told SEBI that money to buy Paladin Paints & Chemicals came from Asian Paints but its promoters Ashwin Dani & son Malav now manage the company in their personal capacity.

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Bharti Airtel stocks gain as telco opts for 4-year moratorium
Mon, Oct 25, 2021 12:49 PM

Bharti Airtel stocks gain as telco opts for 4-year moratorium

Bharti Airtel stocks gained on Monday as it opted for a four-year moratorium on adjusted gross revenue (AGR) and spectrum payments. Bharti Airtel became the second telco in India after Vodafone Idea to defer its spectrum payments so far. The government had till October 29 given operators time to respond on whether they would opt for the four-year payment moratorium.

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PayPal will not go ahead with the acquisition of Pinterest
Mon, Oct 25, 2021 12:43 PM

PayPal will not go ahead with the acquisition of Pinterest

PayPal Inc announced that it is not going ahead with the acquisition of Pinterest. Earlier in the week, there was a rumour that the payments behemoth had offered to buy digital pinboard site Pinterest for $45 billion, or about $70 per share, mostly in stock. Pinterest is an image sharing and social media service designed to enable saving and discovery of information on the internet using images.

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A new hotel unveiled by Marriott International in Mahabaleshwar
Mon, Oct 25, 2021 12:39 PM

A new hotel unveiled by Marriott International in Mahabaleshwar

Marriott Courtyard, part of Marriott International, launched a new hotel at Mahabaleshwar in Maharashtra. The property will have 93 rooms, and that it is its 21st hotel opening in India. The hotel will also remain equipped with four dining outlets and organize strawberry picking in Mahabaleshwar, as the city is known as the strawberry capital of the country.

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Cochin airport becomes pioneer in initiating hydropower project in India
Mon, Oct 25, 2021 12:26 PM

Cochin airport becomes pioneer in initiating hydropower project in India

Cochin international airport became the first in the country to start a Rs 52cr hydropower station. The power plant with an annual power generation capacity of 14 million units will be commissioned on November 6 at Arippara near Kozhikode. It will be fed to the Kerala State Electricity Board grid in the first week of November. CIAL has constructed a weir across Iruvazhinji river for the project.

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📌 Fintech player Fino Payments Bank to launchs its IPO on October 29
Mon, Oct 25, 2021 12:21 PM

📌 Fintech player Fino Payments Bank to launchs its IPO on October 29

Fino Payments Bank will launch its public issue on October 29. The Fintech player's initial public offering (IPO) will consist of a fresh issue of Rs 300 crore and an offer for sale of 1.56 crore equity shares by promoter Fino Paytech, which has 100% shareholding in the company. It will be the second issue to open for subscription this week after Nykaa's Rs 5,352-crore offer.

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