Page 26 - Ideaforge Technology News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Indian markets ended the week in the red, with the Nifty50 dropping 0.85%. Experts suggest that the futures market will provide cues for Monday's opening, with impacts from US markets over the previous week to be taken into account. Major global events next week include a Policy Panel Discussion led by Chair Jerome Powell at the European Central Bank Forum on Central Banking 2023. Technical data shows that any future corrections should be seen as a buying opportunity while, on a corporate level, technology IPOs and buybacks are also worth tracking.

Shares of IdeaForge are set to list on BSE and NSE soon, with the IPO opening on 26 June. Market observers predict a negative or neutral listing with a grey market premium of ₹475, lower than the IPO price band of ₹638 to ₹672 per equity share.

Infosys had in December 2016 announced an investment from its Innovation Fund in ideaForge, the Indian start-up focused on Unmanned Aerial Vehicle (UAV) solutions.

The company's IPO opens for subscription on Monday. ideaForge is looking to issue new shares worth Rs 240 crore in the IPO, which will also see Rs 327 crore worth of secondary sale

With fintechs such as Paytm and PhonePe entering the credit ecosystem, ICICI Bank, Axis Bank, HDFC Bank and others are trying to get merchants to opt for their QR codes. But will merchants using Paytm or PhonePes black-and-white squares switch to their banks quick response codes? Or will it be just another sticker among others crowding their shopfront? This and more in todays ETtech Morning Dispatch.