SoftBank-backed OfBusiness plans $1 bn IPO in India
The Business Guardian|September 04, 2024
Of Business, a leading Indian online platform for business-to-business transactions, is gearing up for a significant initial public offering (IPO) in the second half of 2025.

The company, backed by SoftBank, aims to raise up to $1 billion through the IPO.

Bhavesh Keswani, the Chief Financial Officer of OfBusiness, revealed that the company is in advanced talks with Bank of America, Citi, JP Morgan, and Morgan Stanley to manage the IPO. The proceeds from the offering will be utilized to repay debt and fuel the growth of the company’s existing businesses.

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India's IT spending to hit USD 160B by 2025: Gartner
The Business Guardian

India's IT spending to hit USD 160B by 2025: Gartner

Information technology (IT) related spending in India is projected to reach a total of USD 160 billion in 2025, an increase of 11.2 percent from 2024, fueled by expansion in both application and infrastructure software markets, according to the latest forecast by Gartner, Inc.

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2 mins  |
November 13, 2024
Scindia: Relief on Bank Guarantees to Cover All Sectors
The Business Guardian

Scindia: Relief on Bank Guarantees to Cover All Sectors

Again in July 2022, the government approved a revival package of Rs 1.64 lakh crore for BSNL. This package includes fresh capital to upgrade BSNL services, Spectrum allocation, De-stressing the balance sheet of BSNL, and merging Bharat Broadband Nigam Limited (BBNL) with BSNL to increase its fiber network.

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1 min  |
November 13, 2024
PCB Asks ICC Why India won't Visit Pakistan for 2025 Champions trophy
The Business Guardian

PCB Asks ICC Why India won't Visit Pakistan for 2025 Champions trophy

The Pakistan Cricket Board (PCB) has written to the International Cricket Council (ICC) seeking reasons behind India's refusal to travel to Pakistan to play the ICC Champions Trophy next year, Geo News reported on Tuesday.

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1 min  |
November 13, 2024
The Business Guardian

Swati Maliwal assault case: Court seeks response of Bibhav Kumar on plea

A Session court at Tis Hazari, on Monday sought the response of accused Bibhav Kumar in the AAP MP Swati Maliwal assault case on Delhi police's plea.

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1 min  |
November 12, 2024
There is decline of native fish in Yamuna, rise of exotic species: NGT
The Business Guardian

There is decline of native fish in Yamuna, rise of exotic species: NGT

In its order dated November 7, a bench of NGT Chairperson Justice Prakash Shrivastava noted that the CIFRI had filed its reply dated September 19, which supported the plea for a decrease in local fish species.

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1 min  |
November 12, 2024
Yasin Malik ends hunger strike, receives medical aid: Tihar to HC
The Business Guardian

Yasin Malik ends hunger strike, receives medical aid: Tihar to HC

The Tihar jail authorities informed the Delhi High Court on Monday that separatist leader and convicted Yasin Malik ended his hunger strike on November 8, 2024, and is being provided with the necessary medical treatment in accordance with jail rules.

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1 min  |
November 12, 2024
JD(S) condemns 'Racial Slurs' by Minister Against Kumaraswamy
The Business Guardian

JD(S) condemns 'Racial Slurs' by Minister Against Kumaraswamy

Janata Dal Secular on Monday strongly condemned the \"racist remarks\" made by Karnataka Minister Zameer Ahmed Khan for Union Minister HD Kumaraswamy.

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1 min  |
November 12, 2024
Malabar Gold & Diamonds Launches 'Swarnakriti' - An Exquisite Collection of Handcrafted Gold Jewellery
The Business Guardian

Malabar Gold & Diamonds Launches 'Swarnakriti' - An Exquisite Collection of Handcrafted Gold Jewellery

Malabar Gold & Diamonds, the responsible jeweller and one of the world's largest gold and diamond retail chains, announces the launch of its exclusive new collection, 'Swarnakriti'.

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1 min  |
November 12, 2024
LG approves hiring of 1,463 healthcare workers
The Business Guardian

LG approves hiring of 1,463 healthcare workers

Lieutenant Governor of Delhi VK Saxena on Monday had approved the recruitment of 1463 healthcare professionals, including 701 nurses and 762 paramedical staff, on an outsourced basis in order to address the shortage of personnel and improve Delhi's public healthcare infrastructure.

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1 min  |
November 12, 2024
The Business Guardian

Govt urges LG to hire 10K bus marshals amid rising crimes against women

Delhi Chief Minister Atishi on Monday said her government is sending a proposal to Lieutenant Governor VK Saxena for the formulation of a policy on retaining 10,000 bus marshals on a permanent basis.

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1 min  |
November 12, 2024