At least a dozen Indian companies working on initial public offerings are now under extra investor scrutiny following the disastrous debut of digital payments startup Paytm, the country’s biggest ever IPO.

Offerings on the radar include that of Oravel Stays Ltd., the operator of hotel-booking startup Oyo, which is looking to raise nearly $1 billion. Other sizable listings include API Holdings Ltd., the parent of online pharmacy PharmEasy, and logistics company Delhivery Ltd.

ICICI Bank on Tuesday announced the launch of ‘Trade Emerge’, an online digital banking and value-added services for exporters and importers.

‘Trade Emerge’ will include current / saving accounts, comprehensive trade services such as letter of credit, bank guarantee, trade credit, corporate internet banking, foreign exchange solutions and other features.

Vodafone Idea said on Tuesday it will hike its telecom tariffs by at least 20 per cent from November 25, following bigger rival Bharti Airtel’s announcement yesterday.

Vodafone Idea (Vi) is increasing prepaid tariffs by 20-25 per cent and top-up plan tariffs by 19-21 per cent. The new tariff plans "will start the process of ARPU (average revenue per user) improvement and will help address the financial stress faced by the industry,” the company said in a press release.

Employees of India's Future Retail have asked the Supreme Court to allow the company to sell its retail assets and rule against Amazon.com Inc in an ongoing dispute, citing risks to 27,000 jobs, according to a legal filing seen by Reuters.

Future has failed to close its $3.4 billion deal to sell its retail assets to market leader Reliance Industries due to successful legal challenges by Amazon, which argues that Future violated some pre-existing contracts the two sides had struck, by deciding to sell its retail assets to Reliance.

Swiggy’s food delivery revenues grew 56 per cent year-on-year in the April-September, according to regulatory filings by the Indian company’s Dutch investor Prosus. Revenues grew 91 per cent compared to levels before the coronavirus and grocery revenues are up 75 per cent since March 2021.

Swiggy’s number of orders grew 99 per cent YoY in the July-September quarter and lockdowns this year to contain the coronavirus had limited impact.

Shares of One97 Communications, the parent company of digital payments major Paytm, were trading firm up 7 per cent at Rs 1,453 on the BSE in Tuesday’s intra-day trade after a sharp 37 per cent fall in past two trading days post debut. The stock of the India's leading digital ecosystem for consumers and merchants had made market debut on Thursday, November 18, 2021.

On Monday, the stock hit an intra-day low of Rs 1,271, and had fallen 41 per cent against its issue price of Rs 2,150 as investors remain cautious on the company's lofty valuation and remain sceptical about its business model.

India logged 7,579 new coronavirus infections, the lowest in 543 days, taking the country's total tally of COVID-19 cases to

3,45,26,480, while the active cases were the lowest in 536 days, according to the Union Health Ministry data updated on Tuesday.

The death toll climbed to 4,66,147 with 236 fresh fatalities, according to the data updated at 8 am.

Vedanta surged nearly 8 per cent to a high of Rs 354 in early deals on the BSE on Tuesday after nearly 7 per cent of total equity of metal company changed hands via multiple block deals. The stock has rallied 15 per cent in past two trading days in otherwise weak market.

At 09:35 am; the stock was trading 7 per cent higher at Rs 351.55, as compared to 0.27 per cent decline in Nifty50 index. A combined 251.86 million equity shares or 6.77 per cent of total equity of Vedanta have changed hands on the NSE and BSE, the exchanges data shows. The names of the buyers and sellers are not ascertained immediately.

Union Minister of State for Fisheries, Animal Husbandry & Dairying, L Murugan has said that Kisan Credit Card Scheme will be extended to fishermen to provide them loans at low interest rates.

Addressing 'Fishermen Convention' organised by Kerala Pradesh Fishermen Group (BMS) at Munambam in Kochi on Monday, the minister said that the commitment of the Central government towards the fishermen was evident in the fact that it has created a separate department for Fisheries and set apart Rs 20,000 crore for the Aatmanirbhar Bharat Campaign.

Paytm’s catastrophic stock market debut could impact other initial public offerings (IPOs) including that of state-owned Life Insurance Corporation of India (LIC), Ashneer Grover, founder and chief executive officer of BharatPe, said on Monday.

He said the debacle was a collective failure of the management and investment bankers.

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