Elever, a SEBI-registered Portfolio Management Services (PMS) firm, has raised USD 1.1 million in a pre-series A funding round to fuel its next phase of growth. Elever’s quantitative PMS strategies leverage rule-based and factor investing to deliver superior, risk-adjusted returns. By combining data-driven insights with a systematic investment
The RBI's in-principle approval of AU Small Finance Bank's conversion from a Small Finance Bank to a Universal Bank caused its shares to soar by more than 7% on 8 August. In the first trade, shares of AU Small Finance Bank surged up to 7.52%
On July 5, the Alibaba Group affiliate business sold 3.73 Cr shares of the fintech giant through open-market transactions for INR 3,980.7 Cr, a day after rumours circulated that Antfin was seeking to sell its remaining interest in Paytm. Societe Generale, My Asian Fund Among Key Buyers
In order to acquire money through an initial public offering (IPO), Tata Capital, the main financial services provider for the Tata Group, has submitted draft documents to SEBI, the capital markets regulator. The IPO's entire offer size is 47.58 crore shares, of which 21 crore will be
With a renewed emphasis on making it easier for big businesses to conduct business, the Securities and Exchange Board of India (SEBI) on 7 August recommended significant modifications to its related party transaction (RPT) system. A substantial revision of materiality requirements is suggested in the capital markets regulator's
On 30th July, Indian startups and businesses witnessed notable developments. LittleBox raised $2.1 million in a seed round, while Heizen and FlexPrice secured early-stage funding to fuel growth. Indiqube Spaces made a modest stock market debut, and the Supreme Court dismissed Zostel’s appeal against OYO, concluding the long-standing
Axis Solutions Limited (formerly known as Asya Infosoft Limited), a leading provider of industrial automation and digital infrastructure solutions, is pleased to announce the successful completion of its merger and the subsequent listing and commencement of trading of its equity shares on the Bombay Stock Exchange (BSE). The Company is
Jane Street, a high-frequency trading firm based in the United States, has requested further time from the Securities and Exchange Board of India (SEBI), the Indian market regulator. Jane Street Group told the media in a statement on the evening of July 28 that it is working cooperatively with SEBI
From Netrasemi’s ₹107 crore raise to strengthen India’s edge-AI chip ambitions to PhysicsWallah becoming the first edtech unicorn to receive SEBI’s nod for a confidential IPO filing, the day was packed with headline-worthy developments across tech, logistics, and mental health sectors. On the funding front, SuperK, Eveez,
According to President Donald Trump, Japan, one of the US's biggest trading partners, has agreed to a "massive" trade agreement with the US. According to Trump's social media post, the idea would result in Japan investing $550 billion (£407 billion) in America and US
After being accused by the market watchdog of manipulating index prices to increase profits at the expense of small investors, Jane Street, a US-based trading firm, found itself at the focus of a regulatory maelstrom in India. SEBI Accuses Jane Street of Index Price Manipulation The company was temporarily prohibited
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In preparation for its July 24 INR 759.6 crore initial public offering (IPO), Brigade Hotel Ventures, the hotel chain operator owned by Brigade Enterprises, a Bengaluru-based company, submitted the Red Herring Prospectus (RHP) with the Registrar of Companies on July 18. Brigade Hotel Ventures' draft documents were approved
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Buying finished goods from manufacturers and then selling them to users is called retail business. The goods sold through a retail business have a higher cost in comparison to goods sold through a wholesale business. In India, retail business contributes 12% of the GDP and is the third-largest revenue generator
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This article has been contributed by Trivesh D, COO Tradejini It’s a strange reality in India’s discount broking space that millions of users are signing up, but a large number never place a single trade. India’s demat account count crossed 15 crore at the start of 2025,
According to the Securities and Exchange Board of India's (SEBI) most recent processing status statement from July 2025, WeWork India Management Limited (WeWork India), one of the country's top operators of flexible workspaces, has been approved by SEBI for its initial public offering (IPO). Up to
While no fresh funding rounds were confirmed today, India’s startup and tech ecosystem saw significant developments across public markets, enterprise strategy, and civic innovation. From Ola Electric’s improving margins to Groww’s new platform, here are the key highlights. Key News Highlights for 14 July 2025 Ola Electric
On 9 July, the Enforcement Directorate (ED) said that it had begun a significant crackdown on the illicit online betting site "Probo," carrying out search operations on July 8 and 9 throughout its four Haryana locations. The online platform "Probo" was created by Probo Media Technologies
On July 9, Nvidia became the first business to reach $4 trillion in market value, marking a significant milestone in Wall Street's wager that AI will revolutionise the economy. Nvidia surged to $164.42 just after the stock market opened, valuing the company at more than $4 trillion.
In an internal letter to staff, the US-based trading company Jane Street slammed the Securities and Exchange Board of India (SEBI), calling its recent ruling accusing market manipulation "fundamentally mistaken." The company rejected SEBI's description of its trading approach as manipulative and instead described it as
Nithin Kamath, the founder and CEO of Zerodha, shared some eye-opening thoughts on where investing and trading are headed in his recent LinkedIn post. According to him, we are just at the start of a huge change powered by artificial intelligence (AI). He believes that soon, investing, trading, banking, and
Big moves and big money marked 7 July 2025. Khetika raised $18 million, BigBasket welcomed a new CFO, and Jio-BlackRock collected INR 17,800 crore in its first mutual fund offer. Here’s a quick look at all the key updates from the day. Daily Indian Funding Digest - 7
JioBlackRock Asset Management raised over ₹17,800 crore in its maiden New Fund Offer (NFO) across three debt schemes. The three-day offer attracted 90+ institutional investors and over 67,000 individuals, placing it among India’s top 15 asset managers by debt AUM.
With its DRHP submitted to markets regulator SEBI under the confidential pre-filing procedure, e-commerce giant Meesho has joined the long line of Indian new-age digital businesses seeking to go public. According to various media reports, Meesho's public offering will include a new offering of shares valued at roughly
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Startup life's brutal—cash gets eaten by inflation, and investors are begging for bold moves. Ethereum's staking yields and DeFi tricks are grabbing attention from companies like SharpLink Gaming. Want to know why ETH's becoming a treasury go-to? Here's how to navigate