Oyo is looking to raise $1-1.2 billion in its upcoming IPO at a valuation of $12-15 billion. Existing investors are likely to sell some stake via an offer for sale, but founder Ritesh Agarwal is unlikely to sell any of his 30% stake in Oravel Stays.

The Indian spirits and beer industry is heavily regulated with state-specific rules, ever increasing taxes, price control, distribution model changes as well as political interference.

In an effort to grow Spaces, Twitter will launch a creator fund to provide financial, technical and marketing support to users who host recurring audio programming on Spaces.

Two separate orders were issued by the Securities and Exchange Board of India (Sebi) on Friday in this regard.

French investment bank Societe Generale today bought 3.2 million shares of Axis Bank at Rs. 793.1 apiece through a block deal on the BSE.

The bond issue committee of its board of directors, through a resolution on Friday, approved an allotment of 7,922,755 non-convertible debentures (NCDs) of a face value of Rs 1,000 each aggregating to Rs 7,922,755,000 on a public issue basis, Indiabulls Housing Finance said in a regulatory filing.

According to block deal data on BSE, 32.14 lakh scrips were offloaded at an average price of Rs 793.1 apiece. This translates to a total deal value of Rs 254.9 crore.

The bonds are expected to be rated as “high-yield”, which is below the investment grade.

Those who invested after the March crash are sitting on bumper profits. Taking some money off the table is always a good idea. However, whether an investor should sell, hold or buy would depend on many factors, most importantly, on the financial goals of the investor.

“The return of FIIs after a five-month hiatus and the support garnered at every dip also point to the continuation of this optimism in Indian equities. As a result, every dip still offers a good opportunity to invest,” said brokerage firm Samco Securities.