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This IPO to help Jhunjhunwala family beat bank FD returns with 7% payout. Here's how

Economic Times

Economic Times · 1d ago

This IPO to help Jhunjhunwala family beat bank FD returns with 7% payout. Here's how

The Jhunjhunwala family is set to earn ₹13.65 crore in FY27 from their ₹195 crore investment in the Knowledge Realty Trust REIT IPO, which offers a 7% payout yield. This yield surpasses the 6.25% interest provided by SBI's fixed deposits, emphasizing REITs as a viable income alternative amid falling interest rates. The IPO, heavily subscribed, raised significant funds for debt repayment and corporate purposes, showcasing rising interest in India's commercial real estate sector.

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Advent, Jhunjhunwala family-backed companies get SEBI nod for IPO

VCCircle

VCCircle · 8m ago

Advent, Jhunjhunwala family-backed companies get SEBI nod for IPO

Two companies backed by Advent International and the Jhunjhunwala family have received approval from the Securities and Exchange Board of India (SEBI) for their initial public offerings (IPOs). Packaging products maker Manjushree Technopack, backed by Advent, plans to raise INR 3,000 crore, using INR 500 crore to pay off debt. Healthcare technology company Inventurus Knowledge Solutions, backed by the Jhunjhunwala family, has submitted IPO documents for the offer for sale of shares held by existing shareholders. As of March 2021, Inventurus had 800 healthcare organizations as clients.

Jhunjhunwala family-backed IKS Health may trim IPO size

VCCircle

VCCircle · 11m ago

Jhunjhunwala family-backed IKS Health may trim IPO size

IKS Health, a healthtech platform backed by the Jhunjhunwala family, is considering reducing the size of its initial public offering (IPO). Majority-owned by Rakesh Jhunjhunwala's Rare Enterprises, the Mumbai-based company operates under Inventurus Knowledge Solutions Ltd. While no specific details were provided, the decision to reduce the IPO size indicates a potential change in the company's fundraising plans.

FD rate up to 8.50%: List of banks offering above 8% to senior citizens - The Economic Times

Economic Times

Economic Times · 13d ago

FD rate up to 8.50%: List of banks offering above 8% to senior citizens - The Economic Times

Many small finance banks are offering fixed deposit (FD) interest rates of 8% and above for senior citizens, as major commercial banks reduce their rates. Some of these banks include Utkarsh Small Finance Bank, Jana Small Finance Bank, and Slice Small Finance Bank, with rates reaching up to 8.50% for specific tenures. These smaller banks provide a safe investment avenue with assured returns, while deposits are insured up to Rs 5 lakhs under DICGC.

Here's what Uday Kotak will be doing after retirement

Livemint

Livemint · 1y ago

Here's what Uday Kotak will be doing after retirement

Uday Kotak has stepped down as the Managing Director and CEO of Kotak Mahindra Bank with immediate effect. However, he will continue as a non-executive director until his term ends on December 31, 2023. In a handwritten letter, Kotak mentioned his personal and family commitments in the coming months and the need for a smooth transition. The bank awaits RBI approval for his proposed successor, while Dipak Gupta, the Joint Managing Director, will temporarily take over as MD & CEO, subject to approvals.

What returns may Ola Electric’s existing investors get after IPO?

Inshorts · 1y ago

What returns may Ola Electric’s existing investors get after IPO?

Ola Electric's existing investors Alpine Opportunity Fund and Tekne Private Ventures XV will likely see over 30% losses on their investments following Ola Electric's IPO, Moneycontrol reported. Ashna Advisors and MacRitchie Investments are likely to see marginal profits of up to 7%. Internet Fund and Matrix Partners India Investments will see staggering returns of 550% and 824% respectively.

Filing ITR? Here's how you can avoid a scrutiny notice from tax authorities

Livemint

Livemint · 25d ago

Filing ITR? Here's how you can avoid a scrutiny notice from tax authorities

To prevent tax scrutiny, meticulous reporting and compliance when filing returns are essential. Recently, many have received scrutiny notices, highlighting the need for accuracy and documentation. Understanding the triggers for such scrutiny can help avoid unwanted audits. Tax authorities issue these notices to ensure income is accurately reported, losses are justified, and taxes are fully paid. Compliance with existing laws is non-negotiable for avoiding these issues.

Multiples PE-backed I-bank set to hit bourses; but what valuation is it seeking?

VCCircle

VCCircle · 11m ago

Multiples PE-backed I-bank set to hit bourses; but what valuation is it seeking?

A leading investment bank, backed by Multiples Private Equity and philanthropist Narotam Sekhsaria's family office, is preparing to go public. DAM Capital Advisors, known for managing IPOs and acquisitions of various companies, has filed for an Initial Public Offering (IPO). The valuation sought by the investment bank is currently unknown.

Ather IPO: Here's what the e-scooter maker plans to do with the funds

Economic Times

Economic Times · 3m ago

Ather IPO: Here's what the e-scooter maker plans to do with the funds

Ather Energy is launching a Rs 2,981 crore IPO open from April 28-30. The offering comprises a Rs 2,626 crore fresh issue and a Rs 355 crore offer for sale. The company will use the proceeds to build a new factory, repay borrowings, and invest in R&D. Founders will sell shares worth Rs 31.4 crore each, while investors like Tiger Global expect significant returns. Ather's revenue grew by 28% in nine months of FY24.

Startup news and updates: Daily roundup (May 7, 2025)

YourStory

YourStory · 3m ago

Startup news and updates: Daily roundup (May 7, 2025)

YourStory's May 7, 2025, roundup highlights key developments in the Indian startup ecosystem. DAAKit, a logistics company, aims to enhance delivery speed for D2C brands. InfoEdge has gained substantial returns from investments in Zomato and Policybazaar. Lahori Zeera plans to raise significant funds from Motilal Oswal. Posha, InspeCity, and Shiplog have secured substantial funding. Simple Energy announces a $350 million IPO plan for FY27 amidst emerging competition in the EV market.

Prosus-owned PayU targets India IPO filing in February, hires bankers

Economic Times

Economic Times · 1y ago

Prosus-owned PayU targets India IPO filing in February, hires bankers

Payment gateway provider PayU, owned by South African conglomerate Prosus, is planning to file for an IPO worth at least $500 million in India. PayU offers various services including buy-now-pay-later and competes with Razorpay and PhonePe. The company has appointed Goldman Sachs, Morgan Stanley, and Bank of America as advisors for the IPO, which is expected to value PayU at between $5 billion and $7 billion. The IPO is planned to be listed by the end of 2024.

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