Mumbai, July 4 (IANS) The Cyber Crime Branch of the Mumbai Police has busted an organised cyber fraud syndicate allegedly involved in cheating investors of more than Rs 1.07 crore through fake online share trading schemes. As part of the operation, police arrested six individuals accused of orchestrating the fraud by luring victims with bogus investment opportunities, officials said.According to the Cyber Police, the accused allegedly carried out the fraud by operating through WhatsApp groups, f…
Latest IPO News & Updates
Mumbai, July 4 (IANS) India’s mergers and acquisitions’ deal value jumped 31 per cent (year‑on‑year) to $86.9 billion in the first half of 2026, even as deal volumes eased 8 per cent, highlighting fewer but larger transactions, a report has said.The report from London Stock Exchange Group (LSEG) said momentum was concentrated in Q2 (April-June), which totalled $66.9 billion, more than triple the prior quarter and the highest quarterly total since Q2 2022, driven by a handful of large restr…
Mumbai, July 1 (IANS) Prism, the parent company of OYO, has flagged its ongoing legal battle with Zostel as a key risk in its draft red herring prospectus (DRHP) filed ahead of its proposed initial public offering (IPO).In the DRHP, the company said that any adverse outcome in the legal proceedings involving Zostel may materially and adversely affect its business, reputation, prospects, results of operations and financial condition.It also warned that an unfavorable final decision could result i…
Mumbai, July 1 (IANS) Jivial Industries made a weak debut on the BSE SME platform on Wednesday, with its shares listing significantly below the initial public offering (IPO) price. The stock opened at Rs 156.80 per share, reflecting a discount of 20 per cent compared to its issue price of Rs 196.Selling pressure continued after the listing, dragging the stock down by nearly 4 per cent from its opening level. At one stage, the share price had declined 22.83 per cent from the IPO price, highlighti…
Mumbai, June 30 (IANS) OYO-parent Prism Hotels and Resorts has highlighted significant business and legal risks in its updated draft red herring prospectus (DRHP), offering investors a closer look at challenges that extend beyond its improving financial performance ahead of its proposed initial public offering (IPO). The filing showed the hospitality company has become increasingly dependent on overseas markets, remains exposed to a long-running legal dispute with Zostel and attributes much of i…
New Delhi, June 26 (IANS) Shares of Japan’s SoftBank Group — which listed on the Tokyo Stock Exchange (TSE) — witnessed a slump of 13 per cent after OpenAI may delay its much-anticipated initial public offering (IPO), raising concerns over the timing of returns from the Japanese conglomerate’s massive investment in the artificial intelligence company, according to multiple reports.According to them, the sharp decline marked SoftBank’s biggest intraday fall in more than three months as investor…
New Delhi, June 25 (IANS) India’s technology startup ecosystem attracted $7.2 billion in funding during the first half of 2026, marking a 12 per cent increase from a year ago even as the number of funding rounds declined sharply, a report said on Thursday.The data compiled by Tracxn showed that Indian technology startups raised $7.2 billion across 652 funding rounds between January 1 and June 24, 2026.While total funding increased 12 per cent compared with the same period last year, the number o…
Hyderabad, June 24 (IANS) The Cyber Crime Police of Hyderabad arrested six individuals in connection with a Rs 1.22 crore investment trading fraud. Investigations revealed the operation of a network of mule bank accounts used to route cybercrime proceeds. The accounts were allegedly utilised for online trading and money laundering activities.The arrests mark a significant step in disrupting financial networks supporting cyber fraud, the police said on Wednesday.Three of the accused are residents…
Mumbai, June 21 (IANS) National Stock Exchange (NSE) CEO Ashish Kumar Chauhan on Sunday said that yoga has become increasingly important in today’s lifestyle and can help address both physical and mental health issues.Speaking to IANS, Chauhan said that it was due to the efforts of Prime Minister Narendra Modi that the United Nations declared June 21 as International Day of Yoga in 2015.He said yoga offers immense benefits, which is why people across the world celebrate Yoga Day and embrace the …
Mumbai, June 19 (IANS) Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey on Friday said the regulator has internally approved the proposed settlement in the long-pending National Stock Exchange (NSE) co-location case.Speaking to reporters, Pandey said the settlement proposal has received internal approval and the issue is expected to reach closure soon.”Internally, the NSE settlement has been approved. The matter will be resolved soon,” he said.The development comes just …