Business

Oyo files for IPO to raise over ₹8,000 crore. Details here
Business

Oyo files for IPO to raise over ₹8,000 crore. Details here

Hotel-booking startup Oyo Hotels & Homes has filed its draft papers with market regulator Securities and Exchange Board of India (SEBI) on Thursday for an ₹8,430 crore ($1.1 billion) initial public offering (IPO). The hospitality unicorn had appointed bankers and lead book managers for its public listing last month, and was expected to file DRHP by October. The SoftBank Group Corp. and Airbnb Inc.-backed firm plans to raise 70 billion rupees through the sale of new shares, according to the filing. The rest will be secondary shares or those sold by existing stockholders. The startup was last valued at about $9 billion, according to CB Insights, making it India’s third most valuable startup. Founder Ritesh Agarwal, his holding company RA Hospital Holdings and SoftBank Vision Fund...
Business

Studio71 CEO on the rise of TikTok, how selling products can beat advertising for YouTubers, and what it takes to become a multi-platform star

With many followers across platforms like Instagram, Snapchat, and TikTok, popular YouTube creators like Emma Chamberlain (8.5 million subscribers) aren't just creating content for YouTube anymore. "When you begin it's you, a camera, and your computer," said Reza Izad, cofounder and global CEO of Studio71. But as you expand, you've got to evolve. "The audience on TikTok, YouTube, Snap, Instagram, are all radically different. If you'll , it's ideal to get on all of them," he said. Digital networks like Studio71 work with influencer clients in expanding their brands beyond YouTube, through content production and distribution, and in building more stable revenue opportunities through advertising. Recently, Studio71 worked with Chamberlain to launch a Snapchat series, "Adulting With Emma Chamb...
Business, India

Modi arrives in US to attend Quad leaders’ summit, address UNGA

Prime Minister Narendra Modi arrived in Washington on Wednesday on a politician visit to the US during which he will hold the primary face-to-face meeting with President Joe Biden and his deputy Kamala Harris, attend the maiden in-person Quad summit and address the 76th session of the UN General Assembly in ny Modi, who is visiting the US for the 7th time after assuming office in 2014, said his visit would be an event to strengthen the Indo-US Comprehensive Global Strategic Partnership and consolidate ties with Japan and Australia Landed in Washington DC. Over subsequent two days, are going to be meeting @POTUS @JoeBiden and @VP @KamalaHarris, Prime Ministers @ScottMorrisonMP and @sugawitter. Will attend the Quad meeting and would also interact with leading CEOs to spotlight economic oppor...
Business

Victoria Principal Net Worth 2021: Bio, Career, Income

  The net worth of Victoria Principal is approximately $350 million. Most of you remember her as an actress and why not? Because she has been working ahead of the camera for nearly 30 years. But aside from the actress, she is additionally recognized as a writer and as a business woman. This identity of her is vital because she possesses his bank balance here as a businesswoman. Also Check Justin Bieber Net Worth, Vin Diesel Net Worth, Jason Statham Net Worth and Daniel Craig Net Worth. As you recognize , Victoria Principal net worth is around $350 million. an outsized a part of Victoria Principal’s earnings comes from TV series royalties but quite half comes from its skin care product business. After 2004 she targeting her business venture and grew alittle company to a really large extent...
Business

Apple Hit With Antitrust Case In India Over In-App Payments Issues: Report

New Delhi: Apple Inc is faced with an antitrust challenge in India for abusing its dominant position on the application market by requiring developers to use its exclusive integrated purchase system, according to a source and documents observed by Reuters. The allegations are similar to those of Apple's faces in the European Union, where the regulators of last year launched an investigation into the imposition of an apple tax of 30% for the distribution of the Digital content paid and other restrictions.   The Indian affair has been filed by a unknown non-profit group that claims that Apple's fees up to 30% of competition perceive the costs of developers and applications, while acting as A barrier at the entrance on the market. The existence of the 30% commission means that some applicatio...
Business

At 158,880, August Covid infections in Maharashtra 33% less than July

Mumbai recorded 323 new Covid cases on Tuesday and one death, took the maximum city infection calculation in August to 15,977. Maharashtra on Tuesday recorded 4,196 fresh Covid-19 cases took the number of infections recorded in August to 158,880, around 33% less than July. 239,863 Covid cases were registered in July, while in June, the number was 316,293. The total number of Coronavirus cases recorded in Maharashtra has now reached 6.464 million and the death toll because this disease has reached 137,313. The lower number of infections also saw a 16% decline in the mortality rate in August when the fatality related to Covid 4,208 was reported. 5,020 Death took place in July and 7,542 in June. Dr. Subhash Salunkhe, advisor for the Maharashtra government for Covid-19 management, said that ev...
Business

When Rajkummar Rao was beaten up by 25 college boys and he begged ‘Don’t hit my face, I want to be an actor’

Rajkummar Rao, who celebrate the birthday of the 37th on Tuesday, after it opened on a date with a girl who already has a girlfriend when he was in the 11th standard. The actor revealed that he was beaten by 25 people as a result. Rajkummar Rao always dreamed of being an actor. He not only works to achieve that dream, but is also known as one of the best actors in the country today. Before he tasted success, he's up to the share of mischief at school. When she celebrated her 37th birthday, here are looking at an incident like that. The actor, when he appeared in episodes of EIC vs Bollywood, revealed that she was a bit nasty in his childhood. However, when she reached Grade 11 and decided that he wanted to become an actor, he left part of his life. That year, when Rajkummar see a girl play...
Business

HDFC Bank becomes India’s first lender to exclusively list $1 billion AT1 bonds in IFSC

HDFC Bank on August 26 became the first Indian lender to exclusively register TIER-I (AT1) TIER-I (IFSC) bonds. "The main list of HDFC in 1 bonds shows the competitiveness of IFSC exchanges; India Inx and NSE IFC international. This is a major milestone for IFSC gifts on onshoring offshore financial services for Indian entities," said Executive Director of Ifsca Manoj Kumar was quoted as saying in broadcast The press released by Inx Inx, BSE International ARM. The Global Securities Market (GSM), Inx Inx's main market platform, has generated significant interest since it was founded in 2018 and has more than $ 55 billion medium-term records set and more than $ 28 billion from bonds. In particular, HDFC Bank on August 18 launched a bond problem of $ 1 billion AT1 and was able to cover prices...