Services Financial News

The German bank was one of a handful of company’s to invest in a $65 million, series B fundraising round for Taurus in Feb. 2023. The company offers enterprise-grade infrastructure to issue, manage custody and trade cryptocurrencies, tokenized assets, nonfungible tokens (NFTs) and other digital assets.

Grab, Southeast Asia’s super app and the biggest technology startup in the region, is piloting Web3 services in Singapore in collaboration with the USD Coin (USDC) issuer Circle.

Circle Internet Financial, global payments firm behind the USDC stablecoin, has announced a partnership with ride-hailing giant Grab to pilot a Web3 blockchain-based wallet in Singapore. 

₹156 to ₹164 per equity share of face value of ₹1 each. Zaggle IPO garnered ₹253.52 crore from 23 anchor investors at the upper price band of ₹164 per equity share. Zaggle IPO has reserved not more than 75% of the shares in the public issue for Qualified Institutional Buyers (QIB), not less than 15% for Non Institutional Investors (NII), and not less than 10% of the offer is reserved for Retail Investors.

₹2000 banknotes on cash on delivery services. As per Amazon's FAQ on ‘using Rs. 2,000 notes for Cash on Delivery (COD) Payments and Cashloads’, the e-commernce company has said that starting from 19 September, they will stop accepting ₹2000 currency notes as cash.

₹ 253.52 crore ahead of company’s proposed IPO at the upper price band of ₹ 164 per equity share (including premium of ₹ 163 per equity shares) with face value of ₹ 1 per share. Out of the total allocation of 15,458,515 equity shares to the Anchor Investors, 3,780,630 Equity Shares (i.e. 24.46% of the total allocation to the Anchor Investors) were allocated to 3 domestic mutual funds through a total of 4 schemes.

Mumbai (Maharashtra) [India], September 9: On the global observance of World Physiotherapy Day, HDB Financial Services (HDBFS), India’s leading NBFC takes the opportunity to acknowledge the hard work and dedication of truck drivers by organizing free physiotherapy camps for the community. The camps are organized under HDB’s flagship CSR Program – Transport Aarogyam Kendra (TAK).

startups, and SMEs. Prepaid cards and Software as a Service (SaaS)-enabled staff management are how the fintech company accomplishes this. Zaggle's focus on automation and innovative workflows perfectly meshes with the changing needs of businesses as the fintech sector continues to change the financial environment.

smallcap stocks, one can contemplate buying large-cap banking or finance stocks, which could minimize downside risks, according to analysts. Both the Nifty Bank and Nifty Financial Services indices have underperformed the broader Nifty index in six months.

₹156 to ₹164 per equity share of face value of ₹1 each. Zaggle IPO lot size is 90 equity shares and in multiples of 90 equity shares thereafter.

₹400 crore and an offer for sale (OFS) of up to 1.33 crore shares by a promoter and existing shareholders. Promoter Tangi Facility Solutions Private Ltd. will offload 66.5 lakh shares in the IPO and two private equity funds, India Business Excellence Fund-II and India Business Excellence Fund–IIA, will sell 13.3 lakh and 53.2 lakh shares, respectively.

ICICI Bank with a target price of Rs 1150. The current market price of ICICI Bank is Rs 986.8. ICICI Bank, incorporated in the year 1994, is a banking company (having a market cap of Rs 688575.35 Crore). ICICI Bank key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2023.Financials For the quarter ended 30-06-2023, the company has reported a Consolidated Total Income of Rs 52084.00 Crore, down -3.41 % from last quarter Total Income of Rs 53922.75 Crore and up 32.81 % from last year same quarter Total Income of Rs 39218.33 Crore.

Elon Musk's Starlink is likely to get approval from the telecom ministry to start offering its services in India. A report by The Times of India while quoting sources noted, "A high-level meeting is slated for later this month and Starlink's proposal for a global mobile personal communication by satellite (GMPCS) services licence is expected to be taken up there," "The meeting is likely to give an approval to the proposal, though we cannot rule out certain last-minute hiccups that may cause some more delays." the report added.

Q: At Adobe’s Best of SUMMIT event, we discussed how experience-led growth is foundational to the success of every business. As an Adobe partner, can you share your perspective on how digital transformation is evolving as an area of priority for businesses today? Harpinder Singh: I strongly believe that to transform in the true sense, an organisation must understand the pulse of its business, ecosystem, and customers. The process of redesigning of customer journeys, products, services, and business models across the organisation can be successful only if the whole purpose of transformation is mapped directly to the creation of value.

Tata Consultancy Services with a target price of Rs 3655. The current market price of Tata Consultancy Services is Rs 3502.25.

Coinbase is set to discontinue its operations in India, the firm has informed some customers through email. According to a TechCrunch report, the crypto exchange has now warned customers in India that the Coinbase crypto exchange is about to discontinue its operations in India, and users will be able to use the app only till September 25. “Please note that you will be able to access Coinbase.com or Coinbase app until September 25, 2023, and should withdraw funds held in your account by such date,” the email said, as cited by the TechCrunch report. Coinbase has also disabled users in India from signing up to its exchange, and asking them to download Coinbase Wallet, the report said on Monday.

Zaggle Prepaid Ocean Services has announced the price band of its upcoming public issue at Rs 156-164 per equity share. The three-day issue opens on September 14, Thursday. The minimum lot size of this Zaggle Prepaid Ocean Services IPO is 90 shares which is worth Rs 14,760. The company received approval from markets regulator Sebi to launch an IPO in April.

Coinbase has provided information that seemingly contrasts a media report suggesting that it would soon halt all operations for its Indian customers.

Bengaluru Bandh News: The Federation of the Karnataka State Private Transport Association has called a bandh on Monday, 11 September, which means all private commercial vehicles plying in Karnataka's capital city will cease services on Monday. The Bengaluru Bandh begins on Sunday Midnight and will continue till Monday midnight. According to media reports, some private schools in the city have declared a holiday on Monday.

Railway Board chairperson Jaya Verma Sinha has asked all employees to work on five key priorities — safety, integrity, capacity augmentation, revenue generation, and customer amenities and experience. Calling these five priorities as "Indian Railways' Panch Pran", Sinha, in her first written communication to employees after taking charge as Chairperson and CEO of the Railway Board on September 1, said that the national transporter has a rich and enduring legacy spanning more than 150 years. «In recent years, we have embarked on a transformative journey marked by unprecedented investments in tracks, rolling stock, stations and terminals,» Sinha wrote. Noting that safety is paramount, she said, «We must recognise that every accident can be prevented, and it is incumbent upon us to ensure strict adherence to established safety protocols.

₹392 crore from ₹490 crore after performing a pre-IPO placement in two tranches in August and raising ₹98 crore from investors. Now, the size of the fresh issue is reduced to ₹392 crore. The company's offer for sale (OFS) component was reduced from 1.05 crore equity shares to 1.04 crore shares after one of its selling shareholders exited the issue, according to the RHP.