ipo bound

IPO-bound Hero FinCorp is strategically leveraging AI for future growth, alongside focusing on 'Aspiring India' households and asset inclusion. The NBFC aims to raise approximately Rs 3,700 crore through its public offering. The company is utilizing AI for a real-time predictive risk intelligence system and to enhance customer service, demonstrating a significant evolution from its initial two-wheeler financing.

SpaceX has partnered with AI rival Anthropic, providing significant computing resources for its Claude AI software. This move surprised many given Elon Musk's past criticisms of Anthropic. Musk stated he leased computing power after ensuring Claude is "good for humanity," reserving the right to reclaim it if the AI causes harm.

Antrophic says its newest model found vulnerabilities in every major operating system and browser—and wrote exploits for them without human help. It also escaped its own sandbox and emailed a researcher about it. The cybersecurity world is torn between genuine alarm and the suspicion that this is the most expensive press release ever written.

Digital payments and financial firm Paytm has received over 5.45 lakh shares from around 20 more employees for monetisation in its upcoming initial public offer (IPO). Last week, Paytm gave time till September 22 to employees to convert their ESOPs into shares for monetisation in the upcoming IPO.

Fertilizer company Paradeep Phosphates on Friday said it has raised a little over Rs 450 crore from anchor investors days before the roll-out of its initial public offering. The company has decided to allocate a total of 10,72,66,532 equity shares to anchor investors at Rs 42 apiece, aggregating the transaction size to Rs 450.52 crore, according to a circular uploaded on BSE website.

Chinese regulators are considering pressing data-rich companies to hand over management and supervision of their data to third-party firms if they want US stock listings, sources said, as part of Beijing's unprecedented scrutiny on private sector firms.

Sebi is working on a template which IPO-bound companies can fill up. In addition to faster approval for IPOs, the process will also help in demystifying the offer documents, Sebi chief said. The new format for IPO applications will also have separate sections for explaining complexities related to the offerings.

Ola Electric, the IPO-bound pure-play Indian EV manufacturer, has emerged as the most prolific patent publisher in the country among its peers in the 2022-23 period. With 205 patents published in the EV and EV-related technologies space with the Indian patents office, it tops the table in this segment of intellectual property rights race.

Bollywood superstar Amitabh Bachchan, also the brand ambassador for the IPO-bound Justdial, is seen multiplying his Rs 6.3 lakh investment in the company 53 times in less than two-and-a-half years.

IPO-bound Coffee Day Enterprises, which runs the popular coffee chain Cafe Coffee Day (CCD) chain, on Tuesday allotted a little over 1 crore shares to 17 institutional investors at Rs 322 per share, aggregating about Rs 334 crore.

The government has tightened scrutiny of IPO-bound firms by questioning how key internal business metrics are used to arrive at valuations, unsettling bankers and companies which fear delays in listing plans, sources with direct knowledge told Reuters.

Mumbai, Jul 25 () The IPO-bound public sector unit Cochin Shipyard today said it will be investing Rs 3,100 crore over the next five years for capacity expansion in both ship building as well as repairs side.

Sebi is proposing changes to IPO filings. Companies will submit a summary of key offer points instead of a lengthy abridged document. Promoter-pledged shares will now be included for lock-in. These measures aim to increase retail investor involvement in public offers. The goal is to simplify the process and protect lender interests.