India’s e-commerce industry is predicted to surpass the US to become the second largest e-commerce market in the world, said Bharati Balakrishnan, Shopify Country Head and Director, India & Southeast Asia. In an exclusive interaction with FinancialExpress.com, Bharati Balakrishnan said, “Indian online businesses are growing on Shopify, generating a 78 per cent increase in economic activity an...

The Securities and Exchange Board of India (Sebi) on Tuesday issued a demand notice of Rs 3.12 crore to Chitra Ramkrishna, former managing director and chief executive officer of the National Stock Exchange (NSE), over governance issues at the exchange. The notice came in after Ramkrishna failed to pay the fine imposed on her by the markets regulator.“A sum of Rs 3,12,01,000/- (Rupees Three Cror...

We believe acquisition of Sri Krishna Milks to be value accretive in medium term as (i) Sri Krishna operates in key region of Dodla i.e. South India and has same products for which Dodla has strong understanding i.e. milk and curd, (ii) While Sri Krishna was loss making, it has gross margin of ~22% over FY18-21 which indicates strong consumer acceptance of the brand and (iii) post acquisition Dodl...

Krishna Defence IPO: The public issue worth Rs11.89 crore iws opening on 25th March 2022 and it will remain open for subscription till 29th March 2022. The public issue includes a fresh Issue of up to 30,48,000 equity shares of the company. Company intend to utilize the proceeds of its public offer to meet its working capital, general corporate and issue expense requirements. Krishna Defence IPO ...

The CBI arrested former National Stock Exchange CEO Chitra Ramkrishna in the co-location scam case on Sunday, officials said. Ramkrishna was arrested in Delhi and was taken for medical checkup, they said. She was later lodged in lockup at the CBI headquarters, they said. The CBI had grilled Ramkrishna for three consecutive days and carried out searches at her residence, officials said, adding that...