Friday, August 28
E-commerce enablement platform Shiprocket has filed its updated draft red herring prospectus with capital markets regulator Sebi. The proposed IPO is sized at up to Rs 2,342 crore and will comprise a fresh issue of equity shares worth up to Rs 1,100 crore, along with an offer for sale of shares aggregating up to Rs 1,242 crore by existing shareholders. The company is backed by marquee investors Eternal, Temasek and Bertelsmann.Shiprocket operates an end-to-end, API-led e-commerce enablement platform focused on serving India's MSMEs and digital retailers. The platform helps merchants sell directly to consumers through their own websites, mobile applications and social commerce channels by simplifying logistics, checkout, payments, fulfilment and cross-border trade.The company follows an ass
Air India Group’s attempt to recruit Airbus A320 pilots from IndiGo has sparked concern within Air India Express, with several aviators warning that fresh hiring could worsen already low aircraft utilisation and weigh on pilot earnings, according to a report by The Times of India.The Tata Group–owned low-cost carrier has recently advertised for experienced A320 captains, a move seen by industry observers as an effort to tap IndiGo’s pilot pool at a time when the country’s largest airline by fleet size is grappling with operational disruptions. However, the hiring plan has drawn pushback from within Air India Express, where nearly 100 A320 pilots have formally written to the management opposing the recruitment, ToI reported.Fleet changes and flying-hour concernsAir India Express cur
India's primary market pipeline stays active in the third week of December, with four public issues collectively worth about Rs 830 crore scheduled to open next week, led by a mainboard offering from KSH International. Alongside this, investor focus will also remain on a busy listing calendar, with as many as 15 companies set to debut on the exchanges, including high-profile names such as ICICI Prudential AMC, Corona Remedies and Park Medi World.Listings galoreICICI Prudential AMC is the most awaited listing for next week. The issue received steady response on the first day with just over 50% subscription. As far as debut outlook is concerned, the company is commanding a GMP of Rs 249, which is a 11% premium over IPO price.Among other mainboard listings, there is buzz in the unofficial mar
With silver prices hitting a historic high of Rs 2 lakh/kg on the MCX on Friday and posting solid gains after FOMC meeting outcomes, Axis Mutual Fund cautions investors to be mindful of potential risks as we are about to enter 2026.According to a release by the fund house, overvaluation leading to any weakness in physical demand, potential ETF outflows, profit taking could weigh on the prices and overall, outlook for silver is constructive with multiple tailwinds sustaining its rally even as valuations stretch. However, 2026 may bring corrections and volatility as investors reassess valuations.Also Read | Debt mutual funds see outflows of over Rs 25,000 crore in November. Is investor sentiment shifting?The fund house further adds that stronger US Dollar, rising real yields, easing geopolit
Hyderabad is buzzing with excitement as football legend Lionel Messi is set to visit the city today as part of his GOAT India Tour 2025. Posters featuring Telangana Chief Minister Revanth Reddy alongside the Argentine superstar have been displayed outside the Rajiv Gandhi International Stadium in Uppal, drawing the attention of football enthusiasts and fans alike.Messi's itinerary in Hyderabad includes a highly anticipated 7v7 exhibition football match at the Rajiv Gandhi International Stadium, where Telangana Chief Minister Revanth Reddy is expected to join him on the field. The evening will conclude with a grand musical extravaganza celebrating Messi's illustrious career and his achievements in world football.Speaking to ANI, a Messi fan expressed excitement about witnessing the legendar
