User: nilaymedh Topic: hobby
Category: ipo
Last updated: May 22 2018 06:04 IST RSS 2.0
 
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Finmin sets merger of three insurance companies rolling 22.5.2018 DNA: Opinion
The government has started the process to merge three state-run general insurance companies to create a single, big player with a sizeable presence in health, automobile and industrial insurance sector. The combined entity will become the largest player having 35% share in the non-life insurance market. Union minister Arun Jaitley had announced in the budget the proposal to merge National Insurance Company, United India Insurance and Oriental Insurance Company. The government expects the listing of the merged company to contribute significantly to its Rs 80,000 divestment target for the current fiscal. “We have set the ball rolling for consolidating three public sector insurers. The ministry will soon issue a request for proposal (RFP) to appoint a consultant. The consultant will be asked to submit a report latest by December on the modalities of the merger. It will also oversee the consolidation process,” said an official with direct knowledge of the matter. A blueprint will be prepared to integrate all ...
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Droom raises $30mn towards strengthening foothold 17.5.2018 Sify Finance
[India], May 17 (ANI): Online automobile marketplace, Droom has raised USD 30 million in Series D funding, led by Toyota Tsusho Corporation (a member of the Toyota Group) and co-led by Digital
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Coolpad sues Xiaomi for patent violation 14.5.2018 Sify Finance
After media reports surfaced last week that Chinese smartphone makers Xiaomi and Coolpad have locked horns over patents, the latter on Monday confirmed that it has sued three group firms of Xiaomi for several patent infringements.
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Coolpad files patent infringement case against Xiaomi in China 14.5.2018 Sify Finance
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Flipkart in kitty, Walmart plans IPO in 4 years 13.5.2018 Rediff: Business
In a filing with the US Security and Exchange Commission on Friday, Walmart said it would allow the initial public offering of Flipkart in four years at a valuation no less than what it invested in the e-commerce firm, if a grouping of minority shareholders asks for it.
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Xiaomi enters patent infringement dispute with rival Coolpad 12.5.2018 Sify Finance
As it prepares to file an initial public offering (IPO) in Hong Kong, Xiaomi has been named in a patent dispute in China by its rival Coolpad for three successful smartphone models -- Mi Mix 2, Redmi Note 5 and Redmi 5 Plus.
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Ahead of IPO, Xiaomi sued by Coolpad for alleged patent infringement 11.5.2018 DNA: Popular News
Chinese smartphone maker Coolpad Group said its unit has sued three group firms of Xiaomi, which last week filed for a Hong Kong IPO that could be worth up to $10 billion, for patent infringement. Coolpad said in a statement its subsidiary, Yulong Computer Telecommunication Scientific (Shenzhen) Co Ltd filed a lawsuit against Xiaomi Telecom Technology Co Ltd, Xiaomi Technology Co Ltd and Xiaomi Factory Co Ltd in a court in Jiangsu province for using its patent without authorisation. Yulong demanded that the Xiaomi companies should immediately stop production and sale of some smartphone models, including the Mi MIX2, Coolpad said. Yulong had filed a similar legal case against Xiaomi in a Shenzhen court in January. “It is because the IP (intellectual property) protection environment in China improved that Coolpad launched the lawsuit in January this year,” Coolpad’s global chief patent officer Nancy Zhang told a press conference on Friday, denying they were timed with Xiaomi’s upcoming IPO. Xiaomi last ...
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ReNew Power files DRHP with SEBI to raise Rs 2,600 crore 9.5.2018 DNA: Money
Reliance New Power has filed a draft red herring Prospectus (DRHP) with Securities and Exchange Board of India (Sebi) for an Initial Public Offering (IPO) to raise Rs 2,600 crore. The IPO has fresh issue of shares and an offer for sale of 9.43 crore shares by existing shareholders, including Global Environment Fund, Green Rock Energy and GS Wyvern Holdings, an investment arm of Goldman Sachs. The equity shares will have a face value of Rs 10 each. As per the plans, proceeds from the issue will be utilised to finance acquisitions and other strategic initiatives, redemption of certain debentures issued by the company and its subsidiaries, and for general corporate purposes. Founded in 2011 by Sumant Sinha, a former chief operating officer at Suzlon Energy, ReNew Power already has 2,600 MW of commissioned and under construction clean energy projects across India. The company develops, builds, owns and operates utility scale wind and solar energy projects as well as distributed solar energy projects that ...
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Indostar Capital Finance IPO receives lukewarm response on Day 1 9.5.2018 Sify Finance
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Pune based 180 year old jewellery brand PN Gadgil & Sons may file for a 500 crore IPO 4.5.2018 Sify Finance
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Xiaomi introduces Mi Music, Mi Video apps in India; exclusively available on Xiaomi phones 3.5.2018 DNA: Evolutions
Xiaomi has introduced two new apps - Mi Music and Mi Video in India. While Mi Music will tie up with Hungama Music and offer 10 million free songs across 13 languages, Mi Video will offer streaming services from SonyLIV, Hungama Play, Voot, AltBalaji, Zee5, Viu, TVF and more. Both apps are currently in beta and the final build is expected in the second week of May. At the moment, these services will only be available to Xiaomi users.
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Xiaomi files for IPO in Hong Kong, aims for $100 billion value 3.5.2018 Sify Finance
Chinese smartphone maker Xiaomi has officially filed for an initial public offering (IPO) in Hong Kong that aims to raise $10 billion in a sale that may value the company at $100 billion.
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Railways reverse auction will save Rs 20,000 crore annually 2.5.2018 Sify Finance
[India], May 2 (ANI): To ensure substantial savings for Indian Railways, Railway Minister Piyush Goyal has advocated implementation of electronic reverse auction (ERA) for all high value
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Railway eases e-reverse auction process 1.5.2018 Sify Finance
[India] May 1 (ANI): In a bid to reduce expenditure on procurement, the Ministry of Railways has issued a new set of guidelines for electronic auction/reverse auction for works, services and
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Bajaj Finserv offers Flexible Funding Option on Security Investments 13.4.2018 Sify Finance
[India], Apr 13 (Businesswire India): Bajaj Finserv, through its lending arm Bajaj Finance Ltd., is offering a flexible funding option to the investors of securities, mutual funds, insurance, and
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Narmada Agrobase tapping markets through IPO to raise Rs.7.49Cr 6.4.2018 Sify Finance
[India], Apr. 6 (BusinessWire India): Narmada Agrobase Ltd. (NAL) is an ISO 9001:2015 certified company engaged in manufacturing and processing of cotton seed, meal cake, cattle feeds and soya bean
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Sivasagar Post Office sans Post Master for over a decade 5.4.2018 The Assam Tribune
Sivasagar Post Office sans Post Master for over a decade
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Why we put money into bizarre cryptocurrencies like ponzicoin and cryptokitties 2.4.2018 Sify Finance
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Why FPIs are staying away from defence IPOs 28.3.2018 Rediff: Business
Several institutional investors were ineligible to invest in these companies as they failed to meet the disclosure norms
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Bandhan Bank makes sparkling debut 27.3.2018 Sify Finance
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