At the top of the indicated price range, the app will have a market value of almost $8 billion, or 45% more than Jubilant Foodworks.
BharatPe, a barely three-year-old payments startup, is going to be the half-owner of a bank in India - a prize that has eluded many of the country's pedigreed tycoons.
The toothpaste makers results this week offer a fresh look at a puzzle: the Indian stock markets apparent disregard for the country's worst humanitarian disaster in almost 75 years.
Even though the rupee is the best emerging-market currency so far this year, 6% isn't adequate risk compensation for 10-year notes.
Global investors are urging the Securities and Exchange Board of India to fix the upstairs market.
Only two-fifths of the sovereign notes put up for sale have been bought by investors. The rest of the auctions were partially cancelled or devolved on primary dealers.
The idea of a central bank digital currency, which will reside on smartphones but as a direct claim on the state (rather than a bank) is gaining ground everywhere
The equity market is happy for four main reasons. One, there was no major new tax - or an increase in tax rates - to meet the spending goal.
For years now, faith in the integrity of India's markets has hemorrhaged, with everyone from rating firms to auditors, fund managers and trustees putting their own commercial interests above - and often against - those of the investing public.
The 152-year-old Tata Group is talking to Walmart Inc. for a $25 billion investment in a "super-app," a multipurpose online platform combining fashion, lifestyle and electronics retail, food and grocery.
Six years of headline management should have been enough for Prime Minister Modi's government. From justifying its bizarre overnight ban on most banknotes in 2016 to defending suspiciously cheerful gross domestic product data.
The shock of the coronavirus lockdown on economic activity could leave several Indian lenders short of capital - just as Yes was in March.
Nearly nine-tenths of DHFL's Rs 84,000 crore($12 billion) in borrowing is secured against assets.
After a period of rehabilitation, Infosys should be able to deliver all three targets: sales growth, margins and good governance. Some private time could be just what it needs to get fixed.
A year after the collapse of IL&FS Group, a specialist infrastructure financier, the crisis of confidence is getting worse.