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Thursday, Sep 23, 2021
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Oyo To File For Up To $1.2 Billion IPO Next Week: Report

Oyo To File For Up To $1.2 Billion IPO Next Week: Report

23 September, 2021 Aditya Rangroo

Oyo IPO will consist of a fresh issue of shares and an offer for sale from existing shareholders. Japanese multinational conglomerate SoftBank owns a 46% stake in Oyo.

Bharti Airtel’s Rs 21,000 Crore Rights Issue To Open on October 5

Bharti Airtel’s Rs 21,000 Crore Rights Issue To Open on October 5

23 September, 2021 Outlook Business Team

The company's board had on August 29 approved raising up to Rs 21,000 crore by way of rights issue, for Rs 535 per share, including a premium of Rs 230.


Freshworks Becomes First Indian SaaS Startup To Make Debut On Nasdaq

The San Mateo, California-headquartered software as a service (SaaS) company was founded in 2010 by Girish Mathrubootham and Shan Krishnasamy in Chennai.

Cognizant Technology Solutions India Net Profit Plunges 40% To Rs 3,265 Crore In FY21

Cognizant Technology Solutions India Net Profit Plunges 40% To Rs 3,265 Crore In FY21

23 September, 2021 Outlook Business Team

The company's revenue also dipped nearly 5% to Rs 29,682 crore in the fiscal ended March 31, 2021, from Rs 31,196 crore in FY2020


Business News Roundup: September 22, 2021

In this section, we recapitulate all the action from the world of business, finance and economic policymaking

22 September, 2021

Zee Shares Zoom On Re-rating Hopes

Yagnesh Kansara

Move to greenlight merger with Sony Pictures is likely to attract premium from investors rushing for a stake in the media house


22 September, 2021

Vodafone-Idea To Seek Board's Approval For Fundraising: CEO

Outlook Business Team

Vodafone-Idea Managing Director and CEO Ravinder Takker will update its business plans as and when the actual guidelines come from the government, he informs.


22 September, 2021

How Fixed Deposits Give A Negative Rate Of Return

Vishav

Rising inflation and tax can take a huge bite out of your investment


22 September, 2021

Need To Guard Against Digital Divide Post-Pandemic: RBI Governor Shaktikanta Das

Saptaparno Ghosh

The pandemic inflicted severe damage to daily wagers, poor and vulnerable especially in emerging and developing economies. The central bank chief said this is of serious concern for inclusive growth.


22 September, 2021

Rupee Falls 26 Paise To Close At 73.87 Against Dollar

Outlook Business Team

The local currency opened at 73.70 and touched an intra-day high of 73.66 against the dollar in trading hours today


22 September, 2021

Uday Kotak's Tenure At IL&FS Extended By Two Months: Govt

Outlook Business Team

Last year, the Department of Financial Services had extended his term by 12 months till October 2, 2021. The extend term will commence from October 3, 2021


22 September, 2021

Banks And Metals To Spur Nifty Earnings In Future

Rajiv Ranjan Singh

The consensus street expectation is 22% CAGR for Nifty earnings between FY20 and FY24.


22 September, 2021

Explained: What Is The Inverted Duty Structure And Why Is The GST Council Rectifying It?

Kamalika Ghosh

When taxes on the final product is lower than the taxes charged on inputs, an inverse input tax credit gets accumulated that has to be refunded by the government in the majority of the cases.


22 September, 2021

Lio Bags Rs 37 Crore In Funding From Sequoia Capital India, Lightspeed India

Outlook Business Team

The company plans to use the funds primarily to expand its engineering team and increase the number of users of the mobile application.


22 September, 2021

Global Semiconductor Market To Grow By 17.3% in 2021: IDC Report

Outlook Business Team

The industry will see normalisation and balance by the middle of 2022, with a potential for overcapacity in 2023 as larger-scale capacity expansions begin to come online towards the end of 2022.


22 September, 2021

All Eyes On Lithium

Shruti Sonal

Lithium and its abundance or lack thereof are at the heart of the world’s pressing focus to shift to cleaner energy forms.


22 September, 2021

ZestMoney Bags $50 Million In Series C Funding From Zip Co

Aditya Rangroo

The company will use the funds to expand its product suite, enhance the transaction network, boost its balance sheet and setting up new businesses in the insurance and savings segment.


22 September, 2021

Asian Development Bank Cuts Down India’s Economic Growth Forecast To 10%

Outlook Business Team

The growth forecast for India in the fiscal year 2021 (ending in March 2022) was revised down, as the spike in COVID-19 cases during May dented the recovery.


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