Ola Cabs IPO: Ride-hailing aggregator Ola Cabs aims to secure $500 million through its initial public offering (IPO), targeting a valuation of approximately $5 billion, news agency Reuters reported on Friday. As stated by sources in the report, Ola plans to submit its IPO papers for approval to the Securities and Exchange Board of India (SEBI) within the next three months.
Open FlipSanjiv Puri, president-designate of leading industry body CII, said that India is growing when the world is going through a phase of stress. Speaking at an event here on Friday night, Puri, also the chairman and managing director of ITC Limited, said that the present juncture is an interesting moment. Puri said that there are lots of opportunities in India which has a huge talent pool.
Open FlipPrivate sector HDFC Bank’s numbers for the January-March quarter of financial year 2023-24 were broadly in line with the expectations, analysts said, adding the falling net interest margin (NIM) remains a concern. The lender’s NIMs fell from 4.1 percent in June 2023 to 3.4 percent in March 2024. The total deposits of the lender stood at Rs 23.79 lakh crore during the quarter ended March 31, 2024.
Open Flip