Business

Richa Info Systems set to open its IPO on 9th February 2022
07 Feb

Richa Info Systems set to open its IPO on 9th February 2022

Business
 Issue size of Rs 10 crore with 8,00,000 equity shares  New Delhi (India), February 7: Richa Info Systems Limited has announced a public issue of 8,00,000 equity shares of face value of Rs 10 each for cash at a price of Rs 125 per equity share, including a share premium of Rs 115 per equity share. The IPO opens on 9th February 2022 and closes on the 11th February 2022 and will subsequently be listed on NSE Emerge platform. The lead manager for the issue is Swastika Investmart Ltd and the issue advisor is Beeline Merchant Banking Private Ltd. The…
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70+ global entrepreneurs invest in Invact Metaversity at a $33 million valuation
07 Feb

70+ global entrepreneurs invest in Invact Metaversity at a $33 million valuation

Business
Promoted by former Twitter India head Manish Maheshwari, Invact Metaversity takes the lead in the global ed-tech space with its metaverse offering San Francisco/Bengaluru, February 7: More than 70 top global corporate leaders and founders of unicorns have come together to fund InvactMetaversity, a cutting-edge start-up at the intersection of education and metaverse. Invact Metaversity has been at the forefront in working on the Metaverse concept which has been increasingly in the limelight over the past few months for the potential that it has in transforming new age business ventures from education to entertainment. The tech world has been abuzz…
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Crypto Coach Ritu Shah – Digital assets will become mainstream investment options with taxation
05 Feb

Crypto Coach Ritu Shah – Digital assets will become mainstream investment options with taxation

Business
“Cryptocurrencies: The When, Why and How of it” the recent book was authored by Ms. Shah Mumbai (Maharashtra) [India], February 5: The 30% tax on income from the transfer of virtual digital assets such as cryptocurrency marks a new era for cryptocurrencies in India, according to Ritu Shah, a seasoned investment professional and author of a recently released book on cryptocurrencies. “I am a strong proponent of cryptocurrencies and have been investing in cryptocurrencies, besides other asset classes. Finance minister Nirmala Sitharaman’s announcement to levy tax on profit from the transfer of virtual digital assets like cryptocurrency removes the ambiguity…
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Mulayam Singh- The Gandhi of Finance and Business World
05 Feb

Mulayam Singh- The Gandhi of Finance and Business World

Business
February 5: “Dedication and passion are what one needs to achieve their goals. Struggles are a part of it that makes you stronger and a better person to judge your decisions”, says Mulayam Singh, a man who stood above his struggles to inspire and help thousands of people. Sharing the same birth date as the Father of the Nation, Mulayam Singh was nicknamed ‘Gandhi’ from the start. Since childhood, he was always the one in the crowd of hundreds. However, life has always been challenging for this young man. With his family’s financial condition reaching rock bottom, Mulayam finished his…
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Ajay’s Takeaway Food opens its 100th outlet in Vadodara
05 Feb

Ajay’s Takeaway Food opens its 100th outlet in Vadodara

Business
Vadodara (Gujarat) [India], February 05: Ajay’s Takeaway Food, which started with a small outlet in Gujarat’s Navsari town offering cold coffee, burgers, and pizzas celebrated a landmark occasion in the Quick Service Restaurant (QSR) history with the launch of its 100th outlet on the Vasana Road in Vadodara on February 5. The launch marks an important step in the brand’s attempt to establish its footprint in the burgeoning foodservice market in Gujarat. In a very short span of eight years, Ajay’s has spread its wings by setting up outlets in Surat, Navsari, Billimora, Valsad, Chikhli, Ankleshwar, Bharuch and Vadodara. The…
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Abhijit Adhya Joins GroupM Uk As Finance Business Transformation Lead, EMEA
05 Feb

Abhijit Adhya Joins GroupM Uk As Finance Business Transformation Lead, EMEA

Business
New Delhi (India), February 5: GroupM, WPP’s media investment group, welcomed Abhijit Adhya as Finance Business Transformation Lead, EMEA effective immediately. Abhijit joins GroupM UK from GroupM UAE where he held the role of Regional Head, Business Transformation and PMO, MENA. Abhijit will focus on “connected growth” strategies for EMEA, thereby playing an instrumental role in ensuring the implementation of synergies in action across geographies. The connected growth initiative is an ambitious mission of GroupM EMEA for the coming years, thereby creating growth through fully capitalizing on market growth with new solutions while retaining people; Delivering the full potential of…
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Sagacious IP Certified as a Great People Manager Company
05 Feb

Sagacious IP Certified as a Great People Manager Company

Business
Marching towards creating a holistic workplace amidst global uncertainty Gurgaon (Haryana) [India], February 5: Sagacious IP, one of the largest IP research and consulting firms globally, announced its recognition after being certified as a “Great People Manager Company” by the Great Manager Institute®. The certificate is a testimony to years of hard work and commitment towards building a people-centric organization with a core focus on employee well-being and overall growth. People managers are essential to the plan of building a successful organization. That is why; Sagacious IP has a systematic and well-laid out process for training and nurturing its managers. Great…
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ARC Finance Ltd. Plans Major Expansion, Board to Meet to Consider Sub Division into FV of Re.1
05 Feb

ARC Finance Ltd. Plans Major Expansion, Board to Meet to Consider Sub Division into FV of Re.1

Business
New Delhi (India), February 5: BSE listed, ARC Finance Ltd, a NBFC, Non Deposit taking Non Banking Finance Company engaged primarily in the business of advancing loans and investing/trading in securities has informed the BSE that its board will meet on February 11th 2022 to consider proposal for sub division of equity shares of Rs.10 each to Re.1 each. The Company has been able to give the significant upward performance in terms of Sales, Profitability from the last five years. The financial parameters of the company are the indicators of its performance and the company has been able to outshine…
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Ixigo eyes mega IPO backed by Budget boost to rail infra & hospitality
05 Feb

Ixigo eyes mega IPO backed by Budget boost to rail infra & hospitality

Business
New Delhi (India), February 5: As the startup IPO boom is set to continue in 2022, travel tech major Ixigo is eyeing a robust stock market debut on the back of a forward-looking and infrastructure focussed Union Budget for FY23. According to the company, the announcement of new Vande Bharat trains over the next three years and further support for the hospitality sector under ECLGS scheme would, in turn, support the travel industry and boost consumer demand in the sector. In December, the Securities and Exchange Board of India (SEBI) gave its approval for Le Travenues Technology Limited which manages…
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Sindhu Trade Links Ltd. Reduces Bank-Debt by Rs. 1041.5 Million, Aims to Be Debt Free By 2023
05 Feb

Sindhu Trade Links Ltd. Reduces Bank-Debt by Rs. 1041.5 Million, Aims to Be Debt Free By 2023

Business
New Delhi (India), February 5: BSE listed Sindhu Trade Links Limited is pleased to inform that in terms of Company Managements decision to become debt-free, it has reduced its bank-debt by Rs. 1041.5 million, almost 1/3rd of its peak bank-debts. With promoters’ persistence, the company dared to initiate this debt reduction program during the previous financial year itself, wherein businesses across the world were considerably disturbed by outburst of Covid-19 pandemic, and is continuing thereafter with tenacity to reduce bank-debt every quarter, and accordingly Rs. 784.7 million bank-debt has been repaid by the Company in first 9 month of the…
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