As Snapdeal’s parent, AceVector Ltd, heads to the public markets, it wants Gen Z—more than two-thirds of its new customers—to remember little of the Snapdeal that once aspired to be one of India’s biggest e-commerce players. “For them, their perception of Snapdeal is the Snapdeal they see today,” said Rohit Bansal, promoter and joint managing … Read more
Mr. Altman suggested that OpenAI and other leading AI firms may be close to unveiling a pact to slow AI development. OpenAI will not go public in 2026, Chief Executive Sam Altman said in remarks published on Saturday (September 12, 2026), citing safety concerns over artificial intelligence that render “unacceptable” even a 10% risk that … Read more
Both NSE and Jio Platforms filed their draft papers in June to raise about ₹30,000-31,500 crore and ₹37,000-37,700 crore, respectively, making them India’s biggest IPOs to date. By comparison, Hyundai India’s IPO in October 2024 raised about ₹27,870 crore, while LIC’s issue in May 2022 was worth ₹20,557 crore. Source link
Zepto on Saturday said that it will raise funds through a pre-IPO financing amid tepid response from investors to its public listing.Zepto did not share the specifics of the transaction but said that the move will strengthen its balance sheet. It is looking to raise around Rs 1,000 crore through the round at a valuation … Read more
With a little help from BlackRock, the world’s largest asset manager, IPO-bound Udaan has struck a deal with a string of offshore lenders to avoid bankruptcy. Earlier this week, the internet commerce company reached an agreement to restructure its debt with its shareholders and global creditors who had initiated insolvency proceedings in the Singapore High … Read more
Reliance Industries Chairman Mukesh Ambani addresses the 49th Annual General Meeting (post-IPO) of Reliance Industries Limited, in Mumbai, Maharashtra. Photo: YT/@RelianceUpdates via PTI Photo Jio Platforms Ltd (JPL) on Friday filed the Draft Red Herring Prospectus (DRHP) with market regulator the Securities & Exchange Board of India (SEBI) for an Initial Public Offer (IPO) of … Read more
Fintech Razorpay has confidentially filed draft papers for an Initial Public Offering (IPO) likely sized at around $600 million, a source aware of the matter told Reuters on Monday (June 15, 2026). The confidential route allows IPO-bound firms to keep their filings private until the launch of the public issue. The Bengaluru-based firm, backed by … Read more
The entire primary investment was led by Jongsong Investments, while promoters Sathishkumar T. and Anitha S. sold 89,43,903 equity shares at ₹139.76 a share, aggregating roughly ₹125 crore, as part of a secondary transaction. Source link
As India’s largest bourse, the NSE is also the country’s largest unlisted company, with 1,90,000 investors. An external panel set up by India’s market regulator SEBI has recommended that the National Stock Exchange of India settle pending legal disputes by paying a little over ₹1,800 crore ($192.5 million), two sources with direct knowledge of the … Read more