Abhishek Securities

  Paytm  has topped the list of the 100 hottest startups of 2020, according to a report conducted by  Wizikey , a PR- SaaS startup. Interestingly, as per the The Hottest Startups of 2020 report, all the top ten startups on the list are unicorns, namely Paytm, Dream11, Zomato,  Ola , Swiggy, Big Basket, Oyo, Byjus, Snapdeal, and Unacademy (mentioned according to rank). Wizikey said Paytm tops the list in terms of creating the most consistent buzz throughout the year while Dream11 bags the title for prominence of its brand. Further, 19 of the top 100 startups are from the Fintech industry. The fairly new entrant in the startup world Cred swiftly found a spot at number 11 in a short span of time. The B2C e-commerce industry, especially beauty, also made a splash in 2020 with players like Nykaa and Purplle. Big Basket found itself leading the sectoral list but ranking overall at number 6, above Grofers which is ranked at 15. “Fintech is clearly doing it right a...

  Investors are on a high, with jab sessions beginning in earnest in the UK, and expected to gradually spread worldwide soon. One clear sign of the euphoria is the massive listing gains of recent IPOs in the US. DoorDash Inc., an American online food delivery services firm, had an extraordinary debut, with a listing gain of over 80% from its issue price. The company, which posted a net loss of $149 million for the nine months ended September, listed with a market capitalization of $60 billion. For perspective: private investors had valued DoorDash at $16 billion in June. Based on the IPO pricing, the firm was valued at around $32 billion. Indian food delivery companies could well be licking their chops at potential IPO valuations. Swiggy and Zomato are being valued at $3.5 billion and $3.6 billion, respectively, based on latest reports. Using the wide divergence between the private market and public market’s perception of valuations of internet companies these days, the latter may ...

  French IT services major, Capgemini whose more than half of the workforce is located in India, has onboarded over 45,000 employees globally this year through lateral hiring. Earlier, in the month of March, Ashwin Yardi, CEO of Capgemini said, “India forms a very important part of our business and we will hire 25,000-30,000 people here this year on a gross basis.” Recently in an Interview with  Business Insiders , Capgemini CHRO Pallavi Tyagi said, “I believe that lateral hiring will continue to increase. If the business plans and expansion happen as we’re expecting then to happen, then hiring is not going to slow down,” The company has no plans of slowing down. Even as attrition levels drop, Capgemini India CHRO said. “While it’s good not to have high attrition, at the same time, if there is a need for a certain demand that we need to fill, we’re hiring for those posts,” said Tyagi. The big shift that Capgemini, and its peer companies, have seen is taking whatever training a...

  National Stock Exchange of India (NSE) on December 10 said it had received SEBI's approval to launch derivatives on the Nifty Financial Services Index. NSE will launch the index derivatives on the Nifty Financial Services Index from January 11, 2021. "NSE has received approval from SEBI to launch derivatives on the Nifty Financial Services Index in the futures & options segment of the Exchange. Currently, NSE offers index derivatives on only two equity indices – The Nifty50 index and the Nifty Bank index," the exchange said in a statement. The exchange will offer futures and options in 7 serial weekly, excluding the monthly expiry and 3 serial monthly contracts, NSE said. "This is the first time that the Exchange will make available weekly futures for the stock index derivatives. The derivatives are cash-settled with expiry day being the last Thursday of the expiry month for the monthly contracts and Thursday of the expiring week for weekly expiry contracts,...

  Suryoday Small Finance Bank Limited (SSFBL) has filed its Draft Red Herring Prospectus for an  Initial Public Offer (IPO) of up to 20,061,796 equity shares of face value Rs 10 each. The SFB plans to utilise the net proceeds from the fresh issue towards augmenting the bank’s Tier – 1 capital base in order to meet the bank’s future capital requirements, SSFBL said in a statement. This issue will be made via a book-building process, with Axis Capital, ICICI Securities, SBI Capital Markets, and IIFL Securities being the merchant bankers of the issue. Shares of the bank will be listed on BSE and NSE. Those offering shares through the offer for sale (OFS) route include International Financial Corporation (IFC), Gaja Capital, HDFC Holdings, IDFC First Bank, Kotak Mahindra Life Insurance Company, DWM (International) Mauritius Ltd, and Americorp Ventures. Suryoday’s AUM  grew by 71 percent to Rs 3,003 crore, with 20 percent of this  contributed by affordable ...

  The Times group owned by Bennett Coleman and Company Ltd (BCCL) has posted a consolidated net loss of Rs 451.63 crore for the fiscal ended March 31, 2020, compared to a net profit of Rs 484.27 crore of the previous fiscal. As per data from business intelligence platform Tofler, BCCL’s revenue from the sale of publications declined to Rs 629.96 crore from Rs 656.09 cror while the Television distribution revenue marginally increased to Rs 40.17 crore from Rs 36.29 crore. Times of India is the largest circulated newspaper in India. The groups own some popular TV channels like Movies now, MNX, Romedy now, Times now, Mirrors now ET now. The company’s print business comprises of Times of India and Economic Times in English, Navbharat Times in Hindi, Maharashtra Times in Marathi, Vijay Karnataka in Kannada, and EiSamay in Bengali. The group also publishes magazines like Filmfare and Femina. The report which Tofler share talked about, the company’s advertisement revenue has shrunk t...

  IPL Schedule 2021- 14th edition will be held only after April 10 :  BCCI is yet to announce the dates for the Indian Premier League (IPL) 14th edition. However, the latest England tour of India schedule has given a hint of when it IPL 2021 can start from. The Board of Control for Cricket in India (BCCI) on Thursday announced the dates for India’s four-Test, five T20I and three ODI series against England. The two-month-long series begins from February 5 in Chennai for the first Test. The longest-format of the game ends on March 8. It will be followed by T20I series which is scheduled from March 12 to 20. Following this, India and England play the ODI series which ends on March 28. After this long and hectic series, it is likely that the players would want a break before joining their respective IPL franchises for IPL 2021. A 10-day break for the players would help them rejuvenate and get ready for the new IPL season. It will not be a shocker if IPL begins from the second...

    Fino Payments Bank  which began producing income (post-tax) three quarters in the past, has began back-end planning to ultimately convert right into a small-finance financial institution (SFB). Enthused by the latest inside working group report that advocated permitting funds financial institution (PB) to transform to SFB after three years of operations from the present 5 years, Fino can also be trying to give stakeholder feedback to  RBI  on the difficulty. “These are progressive pointers we’re but to check this in additional particulars, there may be clearly uncertainty whether or not the ultimate pointers will take note of these strategies so we must wait and see on that however we’re this very positively,” stated  Rishi Gupta , CEO, Fino Funds Financial institution. The latest inside working group report of RBI on possession on personal banks had really useful decreasing the time for conversion from funds financial institution to  small finance...

  Payments operators , Google Pay  and PhonePe, seem to have a stranglehold on the unified payments interface (UPI) market in India. According to October data from the National Payments Corporation of India (NPCI), published for the first time, Google Pay accounted for 857.81 million transactions, while PhonePe came in second with 839.88 million transactions. Together, the two apps accounted for about 81% of the market, the data shows. The data said  ₹ 1,65,654.71 crore worth of transactions happened through Google Pay in October, while  ₹ 1,68,085.06 crore worth of transactions took place through PhonePe. This made up for about 86% of total transaction value on UPI in October. While the data compiled was for the period before WhatsApp was allowed to roll out its payments feature in India, the platform seems to have barely made an impact during that period. According to NPCI’s data, only 70,000 transactions worth  ₹ 9.32 crore happened through WhatsApp Pay in Oc...