Fino Payments Bank files IPO papers
The Hindu
Fino Payments Bank Ltd (FPBL) has filed draft documents with the SEBI for an initial public offering (IPO). According to merchant banking executives the IPO size is likely to be ₹1,300 crore, includin
Fino Payments Bank Ltd (FPBL) has filed draft documents with the SEBI for an initial public offering (IPO). According to merchant banking executives the IPO size is likely to be ₹1,300 crore, including a fresh issue of ₹300 crore. FPBL is backed by Blackstone, ICICI Group and BPCL. The company is a wholly owned subsidiary of Fino Paytech Ltd. (FPL). The fintech bank turned profitable in the fourth quarter of FY20 and has since enhanced its profitability.
Mumbai police investigate embezzlement of ₹122 crore from New India Cooperative Bank, leading to RBI restrictions and board supersession.
Taiwan's top tech official emphasizes the need for global semiconductor industry division of labor, not monopolization.
Cupid Ltd reports increased profits, appoints new Chairman, and expands market presence with new products and manufacturing facility.
Lok Sabha committee, led by BJP's Baijayant Jay Panda, to examine Income-Tax Bill 2025 with 31 MPs.
SEBI rejects Gaekwad's plea for competing open offer, solidifying Burman Group's acquisition bid for Religare Enterprises.
Mahindra & Mahindra's electric SUVs XEV 9e and BE 6 receive 30,179 bookings worth ₹8,472 crore on opening day.
Maxivision Group acquires Ojas Eye Hospitals in Mumbai to expand operations in Maharashtra with Rs.500 crore investment.
Markets tumble as Sensex and Nifty decline, with investors wary of foreign fund outflows and muted earnings.
Johnson & Johnson introduces TECNIS PureSee IOL for presbyopia in India, offering high-quality vision and reduced visual symptoms.
PMI Electro Mobility raises ₹250 crore for electric buses, accelerating growth plans with consortium investment.
India's wholesale price inflation slightly eased to 2.31% in January, driven by food and manufactured costs, with fuel prices in deflation.
AI could one day allow people to continue conversations with their loved ones after their death, said Sebastian Thrun, founder of Google X.
India considering liberalized air service agreement with Singapore, potentially allowing more flights and airport access.