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…
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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 …
Mumbai, June 19 (IANS) The National Stock Exchange (NSE) has disclosed in its draft red herring prospectus (DRHP) that a petition pending before the Bombay High Court seeks, among other reliefs, a stay on its proposed initial public offering (IPO) process and directions for greater disclosures regarding its shareholding structure.According to the DRHP filed with the Securities and Exchange Board of India (SEBI), the petitioner has sought a writ directing SEBI to decide a pending representation a…
Mumbai, June 18 (IANS) The National Stock Exchange (NSE) has cautioned investors that regulatory changes, technology failures, cybersecurity threats and emerging risks associated with artificial intelligence (AI) could materially impact its business operations and financial performance, as the stock exchange moves ahead with its long-awaited initial public offering (IPO).In its draft red herring prospectus (DRHP) filed with the Securities and Exchange Board of India (SEBI), NSE highlighted its s…
New Delhi, June 12 (IANS) Space Exploration Technologies Corp. (SpaceX) officially began trading on the Nasdaq on Friday after completing a record-breaking $75 billion initial public offering (IPO), marking a historic moment for global capital markets and bringing founder Elon Musk closer to becoming the world’s first trillionaire.The start of trading was marked by SpaceX executives ringing the opening bell at the Nasdaq stock exchange, while celebrations were also held at the company’s headquar…
Mumbai, June 11 (IANS) Business-to-Business (B2B) travel and tourism aggregator UHM Vacation Limited made a weak debut on the BSE SME platform on Thursday, with its shares listing at a sharp discount to the issue price amid subdued investor sentiment.The stock opened at Rs 132.80 per share, nearly 20 per cent below its IPO price of Rs 166. Selling pressure continued after listing, pushing the stock to its 5 per cent lower circuit limit of Rs 126.20 per share.The opening price remained the stock’…