CEO Financial News

Manappuram Finance has filed Draft Red Herring Prospectus (DHRP) with the Securities and Exchange Board of India (SEBI) on October 5, the company informed the exchanges. The proposed initial public offering (IPO) of equity shares would be undertaken at face value of ₹10 each, comprising fresh issue up to ₹1,500 crore, the release added. Also Read: Kerala High Court negates FIR against Manappuram Finance CEO VP Nandakumar in money laundering case Founded in 2008 by SV Raja Vaidyanathan, Asirvad was taken over by Manappuram in February 2015 for ₹48.63 crore.

₹879.15 apiece on the BSE. The company said its Singapore subsidiary of NODWIN Gaming acquired a 100% stake in game marketing agency PublishME for a sum of $2 million from its existing shareholders Nazara Technologies and Ozgur Ozalp.

Both harness a natural propellant that oceangoing vessels have depended on for centuries: the wind. And they’re part of a growing effort to move the shipping industry away from fossil fuels. “We want to decarbonize — why not use what’s available?” said Jan Dieleman, president of Cargill Ocean Transportation, which charters about 700 ships. “Wind is free fuel.” The worldwide shipping industry is responsible for about 3% of the greenhouse gases that are dangerously heating the planet.

Also Read: RBI begins three-day monetary policy meeting, outcome on Oct 6; rate sensitive sectors down According to majority of economists on D-Street, the RBI would keep its key repo rate unchanged at 6.50 per cent at the conclusion of the October 4-6 MPC meeting, with only a few expecting a 25 basis point hike. Analysts also do not expect the central bank to change its stance from ‘withdrawal of accommodation’.

Radhika Gupta, MD & CEO of Edelweiss Mutual Fund. She further adds, that we have always been careful when launching NFOs and try to align with market conditions that are good for investors and can deliver value to them.

NCR Corporation (NYSE: NCR) has disclosed further details concerning its previously announced separation of its ATM-focused businesses, including Self-Service Banking, Payments & Network, and Telecommunications and Technology sectors. The separation will involve the distribution of all common stock of NCR Atleos Corporation (formerly NCR Atleos, LLC) held by NCR Corporation to its common stockholders.

Key Takeaways

market to raise fresh capital through qualified institutional placements (QIPs), a trend being viewed as a clear indicator of the rejuvenation of the private capex cycle. During the first-half of FY24, 20 companies have together raised ₹18,500 crore through QIPs, while another dozen have already announced plans to raise up to ₹25,000 crore through this route. The Bajaj Finance board will meet Thursday to consider a proposal to raise funds. Market analysts anticipate that the company may seek to secure as much as ₹8,000-9,000 crore via QIP and an additional ₹2,000-3,000 crore through a preferential issue.

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The luxurious Singapore home of Three Arrow Capital (3AC) founder Su Zhu has been repurposed from living quarters to an urban farm by his wife, Evelyn Tao, according to local reports.

House Republicans may have shot themselves in the foot this week with the historic ouster of Speaker Kevin McCarthy but that doesn’t mean they’ll be taking their aim off the SEC.

By Jody Godoy and Luc Cohen

Taylor Morrison CEO Sheryl Palmer discusses the headwinds facing the housing market after a drop in August on existing home sales on 'The Claman Countdown.'

₹11,700 crore and NESFB at over ₹450 crore. “A large part of the value of Slice is coming from its NBFC," the person claimed. With Slice having over 50 shareholders and the small finance bank having 4-5 shareholders in total, a back-of-the-envelope calculation suggests that Slice shareholders will own about 95-97% stake in the merged entity; whereas the remaining 3-5% will be owned by North East SFB shareholders.

SPS Family, the parent company of broker-dealers Sigma Financial Corp. and Parkland Securities, as well as RIA Sigma Planning Corp., announced this week that it’s rebranding as Axtella.

Bhashini Division (DIBD) plans to launch the Reserve Bank of India's Public Tech Platform for Frictionless Credit in multiple languages to make financial services more accessible across languages. The DIBD will do this in collaboration with the Reserve Bank Innovation Hub (RBIH), a subsidiary of the central bank, to explore and develop solutions that break linguistic barriers in the sphere of financial services.

Steve Jobs was famous for what the tech press called his 'reality distortion field'. By the sheer force of his conviction, Jobs was able to make interlocutors believe what he wanted them to — sometimes a warped version of reality. Tim Cook might be no Steve Jobs in this regard.

EV charging and energy management solutions company, Wallbox NV (NYSE:WBX) announced Wednesday that they have partnered with Free2move eSolutions to promote the adoption of electric vehicles in North America.

Q3 2023, driven by an 8.4% q-o-q surge in demand (searches) and a 7.2% q-o-q drop in supply (searches), as per the MagicBricks PropIndex Report. The report, which analysed the preferences of over 20 million customers across 13 prominent cities, noted significant quarter-over-quarter increase in search volumes for Greater Noida (38.9%), Noida (20.4%), Kolkata (13.6%), and Bengaluru (13.5%), signalling ongoing demand for homes in these areas. Elaborating on the trends, Sudhir Pai, CEO, Magicbricks said, «While the growing residential demand underscores the strong sentiment towards real estate in India, the reducing supply can be attributed to various reasons such as focus on completion of under-construction projects. However, as we reflect on the impact of macro tailwinds, including the recently concluded G20 summit and the approaching festive season, it is evident that a wave of optimism is building, poised to propel the real estate sector forward in the coming months.

Chase UK recently refused to deal with any transaction involving cryptocurrency. This development was met with a harsh response from Coinbase CEO Brian Armstrong. Meanwhile, Chainlink (LINK) and VC Spectra (SPCT) experienced a surge in token prices, becoming the top altcoins to watch for in 2023.

Peyush Bansal, co-founder and CEO of eyewear retailer Lenskart, has purchased a property in Delhi’s Neeti Bagh for Rs 18 crore, two people aware of the transaction said. Bansal has acquired the basement and ground floor of the 813-square-yard property and paid Rs 1.08 crore in stamp duty and corporation taxes, as per documents accessed through the data analytics firm CRE Matrix. Last year, Neha Bansal, co-founder of Lenskart and Peyush’s sister, purchased a 400-square-yard bungalow in Delhi’s Greater Kailash for Rs 22 crore. “A South Delhi based builder bought the other three floors along with the terrace for about Rs 35 crore in two separate transactions. He will probably redevelop the property and sell the floors individually.