Tag: Security

Finance Ministry exploring insurance bonds as alternative to bank guarantees

The government is considering, introducing insurance bonds as an alternative to bank guarantees, Finance Secretary T V Somanathan said here on Tuesday. Somanathan made the announcement during a meeting between industry captains and Finance Minister Nirmala Sitharaman, who is on a two-day visit to the financial capital. “Government is exploring on instituting insurance bonds as alternatives to bank […]

Tracxn Technologies files for IPO with SEBI

Tracxn Technologies, a data platform for startups, has filed draft papers with the Securities and Exchange Board of India (SEBI) to seek funds through an initial public offering (IPO). According to the draft red herring prospectus (DRHP), the initial share sale would be an offer for sale (OFS) of 38,672,208 equity shares by promoter and investor selling […]

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