Sapphire Foods India Ltd, one of the major Pizza Hut and KFC store operators in India, has submitted its Draft Red Herring Prospectus (DRHP) with SEBI for an IPO. This comes after Devyani International, another KFC and Pizza Hut operator, floated its IPO last week on 4 August. A Close Look at the Company Sapphire …
An Overview The financial consequences of the second wave of the pandemic is likely to be minimal, according to the finance ministry, and there are evident signs of economic regeneration. According to the finance ministry’s latest Monthly Economic Review, “strong rebound in tax receipts buffers the financials toward meeting the budgeted support to the economy.” …
Consumer price index-based (CPI) inflation is likely to have cooled off to a considerable manner in July, according to reports, and this may bring some cheer to the Reserve Bank of India, which has had to face the challenge of high inflation levels. The official release of the CPI inflation data for the month of …
The condition of Vodafone-Idea Ltd. (VIL) shows no sign of improvement, and its survival remains uncertain. With total gross debt at an estimated Rs. 1.8 lakh crores as of 31 March 2021, the Government of India and several PSU banks stand to take a massive loss. Eight top banks of the country have high exposure …
Adani Power Ltd. (APL)’s proposal to delist its shares from stock exchanges is currently under the scrutiny of the Securities and Exchange Board of India (SEBI). This news comes after the company announced its buyback price last year, approximately 65% less than its publicly traded value. Adani Group claims the deal to be beneficial for …
The day of April 20th, 2020, will go down in history books as one of the most unprecedented events in the world of finance as the future contract of WTI Crude settled in negative for the first time at -$37.63 per barrel and recording a decline of 305.97%. That means people were ready to pay …
An Indian middle-class person with a regular income can barely afford to buy a property and has to rely heavily on loans to finance it. Many of us have taken out a home loan for our dream home. Home loans are securitized, which means that your property will remain the lender’s until you return the entire …
Introduction Application programming interface (API) is a term that refers to a set of tools that are small pieces of code that allow digital devices, software programs, and data servers to communicate with one another. They’re the foundation of many of the services we now use. An API is a software intermediate that allows two …
We see new data breaches coming up in the media reports quite often. Looking at new breaches, these reports, and hacks it is clear that your sensitive financial and personal information isn’t safe, especially when it comes to credit cards. The volume of online transactions is very high since the ‘Digital India’ revolution, therefore so …
With the introduction of the IBC, all existing insolvency laws have been consolidated into one robust, sophisticated and modern framework. Corporate debtors in distress are encouraged to resolve their financial difficulties and, failing that, to liquidate in a time-bound manner. Insolvency and Bankruptcy Code aims to provide an efficient legal framework to provide quick solutions to …
