Tuesday, November 12, 2024

ZEISS INDIA EXPANDS ITS GLOBAL CAPABILITY CENTER IN BENGALURU -PLANS TO DOUBLE ITS WORKFORCE BY END OF 2028.

 ZEISS, a global leading player in optics & Optoelectronics inaugurated its Global capability Center(GCC) in Bengaluru,India marking a pivotal expansion to further bolster digital transformation,research and innovation efforts in India.The facility was inaugurated by Priyank Kharge, Hon'ble Minister for Elecronics,IT,BT,Rural development & Panchayat Raj, Govt.Of Karnataka. ZEISS India Global Capability center is a strategic hub that will tap into Bengaluru's IT talent pool to drive technology solutions & further expand Zeiss's global R&D capabilities. The GCC spans around 43,000 sq.ft and will accomodate 600+ employees with deep domain expertise in the field of Application research for medical Technologies,Vision care,Cyber security,& Digital transformation.



Addressing the media. Mr.Priyank Kharge said," Zeiss's journey in India a testament to our nation's strength as a premier global investment hub.India now hosts over 4000 GCC's with Karnataka alone accounting for 38%  of these.I am excited to see the positive outcomes of public/private partnership. I  encourage more such alliances to drive impactful solutions",the minister added. Mr.Dhaval Radia, CFO,ZEISS said," The Center will accelarate the digital transformation of our growing global operations & stands as a clear testament to our unwavering commitment to building a solid foundation for Zeiss's growth in India".

 

Monday, November 4, 2024

SWIGGY LIMITED - IPO TO OPEN ON NOVEMBER 06 2024.PRICE BAND FIXED AT Rs.371 PER EQUITY SHARE TO Rs.390 PER EQUITY SHARE OF THE FACE VALUE OF Rs.1 EACH.

 Swiggy Limited,India's On Line food & Grocery delivery company ( The Company) proposes to open its Initial public Offering  (Offer) on Wednesday ,November,06,2024. Bid/Offer closing on on November,08,2024.Anchor investor bidding date is one working day prior to Bid/Offer opening date,that is Tuesday,November,05,2024. The Price Band  of the offer has been fixed from Rs.371/- per equity  share to Rs.390/- per equity share. Bids can be made for a minimum of 38 equity shares & in multiples of 38 equity shares thereafter.

SWIGGY forayed into food delivery eco system in 2014 after Three friends


 Sriharsha Majety, Nandan Reddy,& Rahul Jain decided to start the service. Swiggy  & Zomato dominate the food delivery market.

SWIGGY IPO Size: The issue combines a fresh issue of 11.54 crore shares & an Offer  for sale (OFS) of 17.51 shares. From the sale of fresh issue of shares,the Company will raise Rs.4499 crores.

IPO Listing; The shares of the Company may be listed in BSE /NSE on November,13,2024.

For further information Please read the RHP .