Shadowfax Technologies is set to raise ₹1,000 crore through a fresh issue and ₹907.3 crore via an offer for sale in its upcoming IPO. The e-commerce logistics firm has seen significant market share growth and improved profitability, though revenue concentration with one client remains a concern.
Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.