SoftBank's Arm IPO currently six times oversubscribed

While the oversubscription does not guarantee strong IPO performance, it is a positive sign for Arm. It makes it more likely that the company will, at a minimum, reach its targeted price range of $47 to $51 per share, a source said.

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ET Startup Awards 2023: Nominees for Midas Touch; Nvidia envisions exports from India arm

As we inch towards D-Day, when our eleven-member jury picks the winners of The Economic Times Startup Awards 2023, we unveil the nominees for yet another category: Midas Touch.This and more in today’s ETtech Morning Dispatch.

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ET Startup Awards 2023: Nominees for Midas Touch

The award will recognise the most lucrative exit in the year. The decision will be made based on the volume of deals as well as the size of the exit.

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China's widening iPhone curbs roil US technology sector

Apple fell more than 3% and was on track for its worst two-day decline since November after media reports said Beijing has told employees at some central government agencies in recent weeks to stop using their Apple mobiles at work.

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US House panel chair: wider Chinese iPhone ban aims to quash Apple's market access

China in recent weeks has widened curbs on the use of iPhones by state employees, telling staff in at least three ministries and government bodies to stop using their Apple mobile phones at work, Reuters reported on Thursday, following earlier reports by the Wall Street Journal and Bloomberg.

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Indian fintech industry to generate $190 billion in revenues by 2030: report

The report ‘State of the Fintech Union 2023’, also highlighted that as the industry matures, the industry is looking at ‘meaningful scale’ and closely tracking profits as a metric. It further added that product expansion, apart from profitability, was the top focus area for fintech executives.

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ET Startup Awards 2023: Jury will look for cash flow-generating businesses with a worldview

Building business models that generate cash flows and profitability, and create not for Bharat alone but also the world, are what the jury expects from the nominees.

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