Ujjivan Small Finance Bank files Rs 1,200 cr IPO papers

Ujjivan Small Finance Bank is planning an initial public offering to raise Rs 1,200 crore. The company on August 16 filed a draft red herring prospectus with SEBI. “Ujjivan Small Finance Bank is proposing to undertake an initial public offering of equity shares of face value of Rs 10 each, comprising a fresh issue of equity shares by bank aggregating up to around Rs 1,200 crore,” Ujjivan Financial Services said in its BSE filing. The price band for public issue may be determined by bank in consultation with the book running lead managers…

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iVOOMi V5 launched in India with Reliance Jio’s Rs 2,200 cashback offer

Chinese electronics company iVOOMi on Thursday announced its partnership with Reliance Jio to offer a cashback of Rs 2,200 on the purchase of new smartphone V5. Priced at Rs 3,499, the dual-SIM device is available on Snapdeal. “This entry-level smartphone is in line with our objective to broaden the horizon of advanced technology and features in the affordable segment of smartphones in India,” Ashwin Bhandari, CEO, iVOOMi India, said in a statement. The 5-inch device with shatterproof display sports a 5-megapixel rear camera with LED flash and a 5-megapixel front…

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China’s Quantum Satellite Dispatches Transmissions Over a Record Distance of 1,200 Kilometres

A Chinese quantum satellite has dispatched transmissions over a distance of 1,200km (746 miles), a dozen times further than the previous record, a breakthrough in a technology that could be used to deliver secure messages, state media said on Friday. China launched the world’s first quantum satellite last August, to help establish “hack proof” communications between space and the ground, state media said at the time. The feat opens up “bright prospects” for quantum communications, said Pan Jianwei, the lead scientist of the Chinese team, Quantum Experiments at Space Scale…

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