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Top Inc42 Media News

Fintech Firm Pine Labs Files Draft Papers with SEBI to Raise Funds via IPO
IPO · India

Fintech Firm Pine Labs Files Draft Papers with SEBI to Raise Funds via IPO

57% Right coverage: 7 sources
IPO Watch: Pine Labs has filed its preliminary draft papers offering a fresh issue of shares worth ₹2,600 crore, along with an offer-for-sale (OFS) component of more than 14.78 crore shares as the fintech firm plans to expand globally and enhance technology.See the Story
Government Clears ₹417-Crore Electronics Manufacturing Cluster in Uttar Pradesh Under EMC Scheme
Yogi Adityanath · Uttar Pradesh

Government Clears ₹417-Crore Electronics Manufacturing Cluster in Uttar Pradesh Under EMC Scheme

34% Center coverage: 6 sources
The cluster will be in Gautam Buddha Nagar, which comprises Noida and Greater Noida and the Funds under Electronics Manufacturing Cluster 2.0 are to be disbursed up to April 2028 ...See the Story
India's Bold Leap: Portal Launch for Electric Vehicle Manufacturing Scheme
HD Kumaraswamy · India

India's Bold Leap: Portal Launch for Electric Vehicle Manufacturing Scheme

60% Right coverage: 5 sources
The Ministry of Heavy Industries has unveiled the application portal for the Scheme to Promote Manufacturing of Electric Passenger Cars in India, aiming to attract global investments and boost domestic EV production. Under the scheme, India seeks to establish itself as a key player in the global electric vehicle market.See the Story

Blindspots

How China wields rare earths as a strategic weapon
Low coverage from Left Sources

How China wields rare earths as a strategic weapon

Jio Financial Share Price Jumps Almost 5% After Sebi Approves Jio Blackrock Broking as a Stockbroker

67% Right coverage: 3 sources
Jio Financial shares surged nearly 5% on June 27 after SEBI permitted Jio BlackRock Broking to operate as a stockbroker. The stock opened at ₹313.85 and reached an intraday high of ₹326.55, trading 4.35% higher at ₹326 by 11:05 AM.Business · MumbaiSee the Story

Phone Fraud or Vishing Activity up by Almost 300%

67% Left coverage: 3 sources
Phone fraud or vishing activity jumped almost 300% between January and May, new data shows.BusinessSee the Story

Can Ingredients Help Be. Stand Out In A Sea Of 400+ Nutraceutical Brands

To be, or not to be was no longer a question for husband-wife duo Atul and Deeksha Rajani and Angela Toppo, it was rather a point to prove, when they entered India’s $42.97 Bn (around INR 37,000 Cr) thriving market for nutritional and dietary supplements. Robust demand from youths, who seemed to have far shot past 371.4 Mn in count by 2021, rising disposable incomes in a $2.4 Tn consumer market, which is growing to be the world’s second largest …India · IndiaSee the Story

Former Defence Secretary’s Venture Fund Backs Robotics Startup Coratia Technologies

Underwater robotics startup Coratia Technologies has raised $2 Mn (around INR 17.1 Cr) in a  Pre-Series A funding round led by MGF Kavachh, a venture capital fund floated by former defence secretary Ajay Kumar, sources told Inc42.  However, the shared press release didn’t mention the funding amount. Founded by Debendra Pradhan and Biswajit Swain, Coratia Technologies was incubated at NIT Rourkela, specialising in underwater robotics. Its core pr…Delhi, India · DelhiRead Article

Nykaa Sets Sights on 3X-4X Fashion Growth, Targets EBITDA Breakeven in FY '26

Nykaa’s parent, FSN E-Commerce Ventures, is focusing more aggressively on fashion and plans to increase the vertical three to four times in the next five years. It is relying on high customer retention and margin expansion to fuel the push and estimates Nykaa Fashion to become EBITDA-positive as early as FY ’26. In the last […] The post Nykaa sets sights on 3X-4X fashion growth, targets EBITDA breakeven in FY ’26 appeared first on Apparel Resour…Taxes · MumbaiSee the Story

Wakefit Files Rs 468 Crore DRHP with SEBI

100% Right coverage: 1 sources
The D2C home solutions provider plans to use fresh proceeds for offline expansion, brand building .IPO · IndiaSee the Story

Shadowfax To File Confidential Draft IPO Papers In A Month: Report

Nearly three months after converting into a public entity, logistics major Shadowfax is now reportedly planning to file its draft initial public offering (IPO) papers via SEBI’s confidential route within a month.  The company is eyeing a public listing of INR 2,000-2,500 Cr out of which half would come from fresh issue of shares, an ET report said, citing sources.  It was reported last year that Shadowfax is looking to raise up to INR 3,000 Cr t…IPORead Article

Foxconn Gets Taiwan Govt Nod To Invest $2.2 Bn In US & India

Taiwanese electronics major Hon Hai Precision Industry Co, also known as Foxconn, has reportedly secured approval from Taiwan’s ministry of economic affairs to invest more than $2.2 Bn in India and the US.  A Focus Taiwan report said that a major portion, $1.49 Bn, will be routed through Foxconn’s Singapore-based subsidiary into Yuzhan Technology (India) Private Limited, another Foxconn entity. The capital will be used to set up a new manufactur…Foxconn · DelhiRead Article

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