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New Delhi, Sep 12 (PTI) The initial public offer of app-based beauty and home services platform Urban Company Ltd received overwhelming investor participation, with the issue getting a huge 103.63 times subscription on the last day of bidding on Friday. The Rs 1,900-crore IPO received bids for 11,06,46,08,960 shares against 10,67,73,244 shares on offer, according to NSE data. The category for Qualified Institutional Buyers (QIBs) got subscribed 140.20 times. The portion for non-institutional i ...Read More >
Mumbai: The investor rush for some of the large unlisted companies, especially in financial services, has waned of late following the lower-than-expected pricing of HDB Financial Services' recent Initial Public Offering. Share values of some of the most popular firms in the unlisted space, such as NSE, NSDL and Tata Capital, have fallen between 5% and 18% as investors worry that valuations of these companies in their upcoming IPOs would be lower than the current levels. "Post the HDB IPO, we'v ...Read More >
Section 69A of the IT Act allows the government to give out content-blocking orders to online intermediaries like internet service providers (ISPs), telecom service providers, web hosting services, online marketplaces, and search engines, among others. However, the information or content being blocked has to threaten India's national security, public order, or sovereignty, as per the section. ...Read More >
WiFi Money was sued by Nebraska's Attorney General who alleged the social-media collective offered "deceptive" get-rich-quick schemes that lost residents of the state more than $3 million. On Tuesday, the state filed a lawsuit focused on investment opportunities that WiFi Money marketed during the COVID-19 pandemic that promised to make investors a profit by dropshipping on Amazon and Walmart's online marketplaces. A Business Insider investigation published in May 2024 found that WiFi Mone ...Read More >
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