SoftBank-backed digital commerce ecosystem AceVector Ltd has filed updated draft red herring prospectus (UDRHP) with markets regulator Sebi for its proposed initial public offering, which includes a fresh issue of shares worth Rs 300 crore, according to PTI.The IPO will also feature an offer for sale (OFS) of 6.38 crore shares by existing shareholders. Promoter…
Gold prices are expected to remain on a positive footing in the coming week as investors await cues from the US Federal Reserve’s monetary policy decision, with a weaker rupee adding to support in the domestic market, analysts said, PTI reported. The bias for the yellow metal remains constructive amid expectations of an interest rate…
Bitcoin Cash (BCH) has become the “best performing” for Layer-1 asset this year, climbing nearly 40% and outperforming every major blockchain network. According to new data shared by analyst Crypto Koryo, Bitcoin Cash (BCH) has outpaced BNB (BNB), Hyperliquid (HYPE), Tron (TRX) and XRP (XRP), which saw only modest gains. Most other L1s, including Ethereum…
Defence Minister Rajnath Singh addresses the gathering during an event regarding infrastructure projects of Border Roads Organisation (PTI photo) NEW DELHI: Defence Minister Rajnath Singh on Sunday said that while the armed forces exercised measured restraint during Operation Sindoor following the Pahalgam terror attack, they possessed the capability to deliver a far stronger response if…
AI generated representative image In the early 2000s, American factory towns began to empty out. In North Carolina, furniture makers who had worked three generations watched their mills close. Across the industrial centres– from Jakarta to Ohio, a quiet devastation spread—not from war or natural disaster, but from an economic force few had anticipated.In the…
State Bank of India’s mortgage loan book crossed the Rs 9 lakh crore mark in November, with strong traction in retail, agriculture and MSME (RAM) segments expected to drive overall credit growth to 14 per cent in the current financial year, Chairman C S Setty told PTI.The RAM portfolio, which accounts for about 67 per…
Despite the relaxation of Flight Duty Time Limitations (FDTL) rules, chaos continued across major Indian airports on Sunday. Passengers angry, exhausted and desperate were seen shouting, sobbing and climbing service counters. IndiGo said it managed to operate 1,650 flights out of its 2,300 daily domestic and international services, while 650 flights were cancelled as the…
NEW DELHI: IndiGo flight disruptions have entered their sixth day, with the airline expecting to stabilise operations by December 10. The ongoing crisis has caused widespread inconvenience, as cancellations, flight delays, and other major operational issues have left multiple passengers across major cities stranded at airports.However, the airline has announced plans to operate over 1,500…
Wakefit Innovations Ltd has raised Rs 186 crore ahead of its initial public offering, with Steadview Capital, WhiteOak Capital and Temasek-backed Capital 2B collectively buying shares through secondary transactions before the public issue opens.As disclosed in a public announcement, Steadview Capital Mauritius, WhiteOak Capital and Capital 2B acquired a combined 95.57 lakh equity shares at…
The amount of Ether stored on centralized crypto exchanges is at an unprecedented low, which could result in a supply squeeze, say analysts. Ether (ETH) exchange balances fell to 8.7% on Thursday last week, the lowest they have been since the network launched in mid-2015. The amount of the asset held on exchanges remained low…
