The Retail Individual Investors (RIIs) part got subscribed 26.71 times, while non-institutional investors category received 8.97 times subscription, and the quota for Qualified Institutional Buyers (QIBs) received a mere 2 per cent subscription.
Health insurance claims are up over 30% in India. Hospital treatment costs are rising. Indians are seeking better coverage. Policybazaar processed thousands of claims. The average claim is now around Rs 81,000. Tamil Nadu has the highest average claim. More people are getting health insurance. Claims for dengue and other illnesses are increasing. Young people …
Average health insurance claim amount up 30% in 3 years Read More »
ONE-MOBIKWIK-SYSTEMS-One Mobikwik Systems’ India IPO fully subscribed in first hour of share sale
Part of the funds raised was used to give a complete exit to Lok Capital, one of the early investors in the Mumbai-based lending platform, and some liquidity to some of its employees. Mintifi which was founded in 2017, counts the likes of Elevation Capital, International Finance Corporation, and Norwest Venture Partners as its major …
Mintifi secures $180 million from Prosus, others in a mix of primary, secondary capital Read More »
The fintech platform said that it had allocated 9.2 million shares at Rs 279 apiece. Around 21 funds invested through the anchor placement round, including around 10 domestic funds.
UPI, launched in 2016, has significantly reshaped financial access in India. By Oct 2023, it facilitated seamless digital transactions for 30 crore individuals and five crore merchants, accounting for 75% of all retail digital payments in the country.
The Indian rupee has been depreciating with today’s value at 84.38 against the dollar, BookMyForex.com steps in with product offerings for forex purchases. Travellers can avail their “Lowest Rate Guarantee,” which promises double cashback on price differences, and the “Crazy Cashback Sale,” providing up to Rs 7,500 cashback on forex cards and currency notes.
Infinity was founded by two brothers, Sourav and Sidharth Choraria, in 2023. The startup concentrates on businesses engaged in cross-border sales, helping them receive international payments as they sell their products and services globally. Apart from payments, Infinity offers a treasury management solution that assists businesses in maximizing returns on idle cash.
The ‘FinBox Data Platform’ comes preconfigured with our data products. It covers bureau and alternate data sources to enable real-time intelligent underwriting for loan applications.
The association emphasised that deep discounting presents substantial economic hurdles to the restaurant business.
