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Dhan Enters Top 10 List in Indian Stockbroking Apps, Knocks Out Paytm Money
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Finance, Business

Dhan Enters Top 10 List in Indian Stockbroking Apps, Knocks Out Paytm Money

Dhan, a fintech company founded by former Paytm Money executive Pravin Jadhav, has made a significant entry into the top 10 list of stockbroking apps in India. With 1.09 crore active users in August, Dhan has surpassed Paytm Money, which has been a leading player in the segment, to grab a spot among the top 10. According to data from the National Stock Exchange (NSE), Dhan has a significant following, with 7.4 lakh active users as of August, while Paytm Money has 7.3 lakh active users. This significant growth has propelled Dhan into the top 10 list, edging out Paytm Money. Leaderboard Showdown: Groww Retains Top Position Groww has retained its position as the market leader, with 1.09 crore active users in August. Zerodha takes the second spot, followed by AngelOne at number three...
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Ather Energy Files Prospectus for Rs 3,100 Cr IPO, Becomes Second EV Maker to Go Public
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Finance

Ather Energy Files Prospectus for Rs 3,100 Cr IPO, Becomes Second EV Maker to Go Public

Ather Energy, a prominent electric two-wheeler firm, has filed its draft red herring prospectus (DRHP) with the Securities Exchange Board of India (SEBI) for an initial public offering (IPO) on Monday. This development makes Ather the second two-wheeler EV maker to make its debut on the stock exchange, following Ola Electric's listing last month. Key Highlights of the IPO Ather Energy aims to raise funds through a fresh issue of equity shares aggregating up to Rs 3,100 crore (approximately $370 million) and an offer for sale (OFS) of up to 2.2 crore equity shares. GIC Ventures through its subsidiary Caladium Investment will divest 47.8% of the total offer for sale (OFS), while Tiger Global and 3 States Ventures will offload 18.1% and 2.18% of the offer for sale. Tarun Mehta a...
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Swiggy Aims to Raise $602 Million in Fresh Issue Amid Strong Financial Growth
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Finance

Swiggy Aims to Raise $602 Million in Fresh Issue Amid Strong Financial Growth

Swiggy, India's leading food delivery and quick commerce firm, is set to embark on a significant fundraising effort with a fresh issue of up to Rs 5,000 crore ($602 million) as part of its initial public offering (IPO). This decision comes on the heels of the company's strong financial growth, with revenue increasing by 36% year-on-year to Rs 11,247 crore in FY24, and a reduction in losses by 44% to Rs 2,350 crore in the same period. The IPO, which has been anticipated since April, is expected to be one of the largest this year, against the backdrop of several other notable startups from Delhi NCR and Bengaluru that have already made their stock exchange debuts. Bengaluru-based companies like Digit Insurance and Ola Electric have already listed this year. Swiggy's strong financial p...
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Things You Should Know About Working Capital Management
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Finance

Things You Should Know About Working Capital Management

For businesses in India facing cash flow challenges, understanding and managing working capital is crucial. This post will explore what working capital is, highlight the significance of securing working capital loans, and provide effective strategies for managing your working capital. Gain insights into how to maintain financial stability and support business growth through informed working capital management. What is Working Capital? In business, working capital represents the difference between a company's assets and liabilities, highlighting resources available for daily operations. Working capital loans for businesses act as a crucial bridge to maintain financial stability. Positive working capital indicates that a company can meet its short-term commitments whereas negative ...
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Benefits of SIP in Tax Saving Category – Finance , business
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Finance

Benefits of SIP in Tax Saving Category – Finance , business

SIPs offer a disciplined approach to investing, making them a popular choice among investors looking to optimise their tax benefits. By investing in ELSS funds through SIPs, you enjoy tax deductions and benefit from the potential for higher returns, rupee cost averaging, and the power of compounding. Check out this post on how Systematic Investment Plans (SIPs) can help you save on taxes while growing your investments using an SIP calculator. Understanding SIPs A Systematic Investment Plan (SIP) allows you to invest a fixed amount of money regularly. This investment method helps inculcate a disciplined approach to saving and investing, ensuring that you invest regularly without having to time the market. Using SIP Calculator for Planning A sip calculator is a valuable tool f...
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How Does Nykaa Make Money?
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Fashion, Finance

How Does Nykaa Make Money?

One of India's top companie­s in the beauty and wellne­ss scene is Nykaa. This innovative company offe­rs a wide selection of products and brings fre­sh strategy to the table. Start-up in 2012, Falguni Nayar's cre­ation went from a simple online be­auty shop to an all-around beauty and lifestyle go-to. This pie­ce delves into how Nykaa profits, bre­aking down its many sources of income and key plans that le­ad to winning. Nykaa's E-commerce Platform Nykaa makes most of its mone­y from its strong online store. It sells a lot of be­auty, health, and fashion items. The we­bsite and mobile app are e­asy to use. They serve­ millions of customers. Nykaa has a big selection of ite­ms from home and abroad. This attracts all types of customers. Nykaa use­s data analysis to see what customers...
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Kotak Virtual Debit Card: A Secure Way to Transact
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Finance

Kotak Virtual Debit Card: A Secure Way to Transact

Today, debit cards have redefined how you transact in the 21st century, and virtual debit cards are now a popular concept in the financial world. Financial interactions have exceeded physical boundaries, and ensuring the utmost security for your transactions has become paramount.  This is where the kotak 811 virtual debit card steps in – a revolutionary solution that combines advanced technology with unparalleled safety. But the question arises: what sets the Kotak Virtual Debit Card apart from others? And, most importantly, what is a Kotak Virtual Debit Card? To know the answers to these questions, read this article till the end. What is a Kotak Virtual Debit Card? A Kotak Virtual Debit Card is a digital payment solution Kotak Mahindra Bank provides. It is a debit card that...
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How To Choose The Right Home Loan Provider Based On Interest Rates
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Finance

How To Choose The Right Home Loan Provider Based On Interest Rates

Getting a Home Loan approved by the best financial institution is a dream come true, which can help fulfil your desire to own your house! But the question is, how should you select the best Home Loan provider? Should you consider only the rate of interest offered, or are there other factors that you must consider?  Home Loan Based on Interest Rates Different financial institutions offer different interest rates to an individual. This rate depends on the following factors: Age, The loan amount and loan tenure selected,  Credit score, Income, Employment type etc. Home Loan Interest Rates can be of Various Types A fixed Home Loan interest rate means the home interest rates stays the same throughout the loan tenure. It remains unchanged and unaffected...
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Top Tips for Utilizing Udyam Aadhaar for Business Growth
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Finance

Top Tips for Utilizing Udyam Aadhaar for Business Growth

The Government of India has introduced several initiatives to support small and medium enterprises in the country. Amongst these initiatives, the Udyam Aadhaar is one of the most significant ones. Udyam Aadhaar is a unique 12-digit identification number issued by the Ministry of Micro, Small and Medium Enterprises (MSME) to small and medium-sized businesses. The objective of this initiative is to provide a single-stop solution for the registration of small businesses and streamline government programs for them. Udyam Aadhaar has several benefits and can play a significant role in guiding small businesses on the growth path. In this article, we discuss some of the key tips that businesses can leverage to make the most out of Udyam Aadhaar. Register for Udyog Aadhar The first step ...
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