Bizvd

Retail has acquired sole control of Just Dial Ltd. The Reliance Industries’ subsidiary now holds 40.98% of the company.

HDFC has acquired 100% share capital of Exide life Insurance company for INR6,687 Crore, of which INR725.97 Crore will be payable in cash, and the rest will be payable by issuing 8.7 crore equity shares of HDFC Life with a face value of INR10, given at ₹ 685 apiece to Exide Industries Ltd (the holding company of Exide Life); this makes it the biggest insurance M&A deal in India.

Nithin Kamath, founder and CEO of the brokerage house, has announced that Zerodha has received principle approval from Sebi to start a mutual fund business. The firm had applied for a mutual fund licence in February 2021.

Netflix and PepsiCo India collaborated to celebrate the final of Money Heist. Taking inspiration from the series, Pepsi has rolled out a limited edition set of Golden cans and packs, which will feature iconic elements from the hit series - the ‘Dali mask’ and ‘Bella Ciao’.

The $100 Billion Market-Cap Club...

Global cosmetics company MAC announced on Wednesday that it has named actor Bhumi Pednekar as its first brand ambassador to India. Starting in September, Pednekar will appear in major campaigns on media platforms to promote a range of makeup products.

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Ola Electric is a new generation scooter, and with Bhuvan being one of the country's most popular youth icons, his involvement will only help Ola's efforts to reach the right audiences.

Nithin Kamath stated that after the first lockdown (March 2020), his team, like everyone else, experienced health issues as a result of a lack of physical activity, a poor work-life balance, a poor diet, and other factors.
Consequently, the billionaire thought of a new way to nudge his team to get healthy.

Forthcoming IPO in India....

Ronaldo is a global superstar and his transfer to Man Utd is creating a ripple effect throughout the world of football and business.

Indian eyewear retailer Lenskart has plans to open its first-ever tech centre to enter the US market. The firm recently disclosed its plans to expand in Singapore and the Middle East with an expectation to attain growth to the tune of $15 billion by 2025. The CEO & Co-Founder of Lenskart, Peyush Bansal, said they want to create a differentiated experience backed by their brand, innovation, and technology.
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Indian logistics and supply chain startup, Delhivery is getting ready to file a draft prospectus soon in October for its IOP.

Infosys shares have so far this year rallied 40 per cent, massively outperforming the Sensex which has advanced 16.6 per cent.

Housing finance company Aptus Value Housing Finance and specialty chemical-maker Chemplast Sanmar had a weak debut, continuing the trend seen in CarTrade Tech and Nuvoco Vistas Corporation in the previous two sessions.

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Three US-based multinational companies will set up their units in Uttar Pradesh at a cost of Rs 2,866 crore which will provide employment to 7,500 people. Microsoft and MAQ Software will set up their units in Noida while PepsiCo has started construction of its factory in Mathura.

The stadium will be known as the “Neeraj Chopra Army Sports Stadium, Pune Cantt”.
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Adani Enterprises owns 50% of Adani Wilmar, which manufactures the well-known edible oil brand ‘Fortune.'

According to SEBI policy, if one of the regulator's departments is investigating a company, a related entity that has filed for an IPO may not receive approval for 90 days. This delay can be extended for another 45 days.

Facebook launched the Small Business Loans initiative, which allows small and medium-sized businesses in 200 cities across India to obtain loans ranging from Rs 5 to Rs 50 lakh.

For loan disbursement, the company has partnered with Indifi, a lending platform. The program has been launched in India for the first time.

RK Damani has been placed at the 98th spot in the list compiled by Bloomberg Billionaires Index. In the past year, he was placed at the 117th spot.

Flop debut of Nuvoco vistas, listed at 15% discount in NSE against Rs570 IPO Price.

On Friday, August 20, 2021, CarTrade Tech shares made a weak debut on the BSE and NSE. CarTrade Tech shares were listed at Rs1,599 each, down 1.12% from the IPO price of Rs1,618.

TCS is now 2nd company after Reliance Industries to hit Rs13 LAKH CRORE market-cap on BSE.

RIL has the highest market capitalization over Rs13.8 lakh crore (trillion), as per the data available on the BSE.

What is Market Capitalization?

Market capitalization is the company's overall valuation based on the current price of its shares and the total number of shares outstanding, and is calculated by multiplying the company's current market price by the total number of outstanding shares of the company.

Taliban has put a full stop to all imports and exports with India ahead of the Afghanistan situation.

Reports say that the Taliban has stopped the movement of cargo through the transit routes of Pakistan, thus, stopping all trade from India.

Ola has launched its first e-scooter with two variants – Ola S1 and Ola S1 Pro in India on Independence Day 2021. Officially opening Ola S1 for purchase is from 8th September 2021, and delivery will start in October this year across 1,000 cities and towns.