Mumbai: Shadowfax Technologies Ltd, a Bengaluru-based logistics provider, is going public today to raise ₹1,907.3 crore as it seeks to invest in its logistics infrastructure to take on the competition. The IPO, will remain open till January 22, with shares at a price band of ₹118-124 each. The Flipkart-backed company had filed its DHRP for ₹2,000 crore in November, but has watered it down slightly. Out of the total, ₹1,000 crore is a fresh issue while ₹907.3 crore is an OFS by current investors, including Flipkart Internet, International Finance Corporation (IFC), Eight Roads Investments Mauritius, Qualcomm Asia Pacific, NewQuest Asia…
Author: Abizar Attari
Abizar Attari
Abizar has been writing before AI started to take over your lives! His expertise lies in analysing diverse perspectives and simplifying them for laymen. Beyond writing, storytelling and editing, he enjoys running, learning and enjoying the outdoors.
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Mumbai: Bharat Coking Coal Limited (BCCL) has made a sensational debut on the stock exchanges, listing at nearly 95% premium as investors pin their hopes for consistent returns on the stock. The Coal India subsidiary has seen an overwhelming demand from the company’s Offer For Sale(OFS) IPO, offering ₹1,071 crore worth of shares to the public. BCCL produces coking and non-coking coal, with its IPO being highly awaited ever since the RHP was filed by Coal India earlier in January. After a delay in listing due to the BMC elections, BCCL listed today, January 19, at a nearly 95% premium,…
Mumbai: Aurum PropTech, a technology-led real estate digitisation provider, reported its first profitable quarter in Q3, even as the company aims to transition from a growth-at-all-costs to a profit focused company. The company achieved this though 30% year on year revenue growth, ensuring tighter cost controls and efficient operations. The company is promoting to focus on disciplined execution, technology-led scale-ups and sustainable value creation across its platform as the company witnessed a 30% year on year increase in total income to ₹87.66 crores. According to the company’s management, the company could achieve a PBT margin of 1.6% mostly on the…
Hyderabad: MosChip Technologies has delivered a custom-designed system on a chip (SoC) to the ISRO’s Space Application Centre (SAC), as the company announced in a press release. The SoC, made in the 28nm technology mode, marks the completion of its end-to-end turnkey ASIC program from Netlist to packaged silicon. To meet ISRO’s highly demanding technical requirements, MosChip designed the 10 Layer FC-CBGA package on ATE, confirming its functionality against the specified requirements. This project exemplifies MosChip’s integrated Turnkey capacities as the company managed every critical phase- DFT architecture, implementation, verification, design and testing, itself. This has cemented MosChip’s status as…
Bengaluru: ABB India has shipped its first ‘Made In India’ wind power converter from its state-of-the-art Nelamangala facility as the company looks to boost its hold in India’s power generation equipment sector. This development comes after the company acquired Gamesa Electric’s power business in 2024. With this, the company joins a select club of renewable power equipment manufacturers, including Suzlon, Inox Wind and Hitachi Energy, which have the capabilities and know-how to deliver this advanced equipment. For ABB India, this solidifies its footprint in the wind power sector and boosts its role in India’s Aatmanirbhar Bharat and Make in India…
Bengaluru: Axiscades Technologies Limited’s subsidiary, Mistral Solutions, has secured a major supply order from Defence PSU Bharat Electronics Limited (BEL) to develop its Signal and Data Processing Units (SDPU), the company said in a press release. The order, valued at ₹100 crore, is aimed at supporting India’s prestigious LLTR (Low-Level Transportable Radar) Ashwini programme, developed by BEL and DRDO. The contract includes providing the SDPU and associated spares over a two year period, with an aim to offer enhanced surveillance against UAVs, helicopters and fighter jets present in low altitudes. Mistral’s SDPU solutions have to meet extreme operational demands, especially…
Mumbai: Reliance Industries’ newly created FMCG arm, Reliance Consumer Products Limited (RCPL) has acquired the global rights of four international brands, as it looks to reuse its successful Campa Cola playbook in other segments. Along with its Q3 FY26 results, the company announced the acquisition of marketing rights for four brands- Brylcreem, Toni & Guy, Badedas and Matey- as the company aims to expand its presence further in the FMCG space. British men’s hygiene brand Brylcreem has had an expansive presence in India, well known for its masculine identity and its male grooming products. Toni & Guy is a haircare…
Mumbai: Yes Bank has reported one of its strongest quarterly financial results so far, with profits rising to ₹952 crore in Q3 FY26, a 55.42% jump from ₹612 crore reported during the same period last year. The Mumbai-based bank credited this to its improving asset quality, even as its Gross Non Performing Assets (GNPAs) reduced to 1.5% this time from 1.6% last quarter. The company’s Net Interest Margin (NIM) was at 2.6% during the quarter, up 10 basis points from the previous quarter. With that, its net interest income (NII) rose 11% to ₹2,465.6 crore from ₹2,223.5 crore in the…
The US Senate has paused the passing of one of the most significant Acts aimed at regulating cryptocurrencies after Coinbase CEO Brian Armstrong raised objections regarding its provisions. The draft legislation, named the CLARITY Act, is aimed at offering a comprehensive regulatory framework for cryptocurrencies, offering a clear framework as to when tokens are to be treated as securities or commodities. After reviewing the Senate Banking draft text over the last 48hrs, Coinbase unfortunately can’t support the bill as written. There are too many issues, including: – A defacto ban on tokenized equities – DeFi prohibitions, giving the government unlimited…
Mumbai: Reliance Industries Ltd (RIL) reported a flat consolidated net profit of ₹22,167 crore for Q3 FY26, as revenues from the oil and gas segment declined due to lower production from the KGD6 oil block and higher operating costs from periodic maintenance activities. This decline was offset by the company’s retail and Reliance Jio businesses, with revenues growing 8.1% and 12.7% YoY, respectively. The company’s Oil to Chemicals (O2C) segment also saw its EBITDA increase 14.6%, as higher transportation fuel crack rates strengthened revenues. Overall, RIL reported revenues of ₹2.93 lakh crores, up 10% from ₹2.67 lakh crore a year…
