LiveBharatPe Turns Profitable as Its EBITDA Turns Positive
BharatPe, on 28 November, announced that it had turned EBITDA positive in October and has reached an annual revenue of Rs 1,500 crore. EBITDA (earnings...
Category : BUSINESS
MapmyIndia to Raise Funds Worth Rs 500 Crore Through QIP
MapmyIndia, on 27 November, announced that the board of CE Info Systems has approved raising funds worth Rs 500 crore through QIP (qualified institutional placement)....
Tata Advanced Systems Partners with Airbus to Bolster India’s Defence
Tata Advanced Systems has increased its collaboration with Airbus SAS to broaden India’s defence supply chain and introduce new products that align with India’s defence...
Berkshire Hathaway Divests from Paytm, Incurs a Rs 600 Crore Loss
The Warren Buffet-owned investment major, Berkshire Hathaway, has sold its complete stake in One97 Communications Ltd, which is a parent company of Paytm, through a...
PB Fintech Plans on Investing Rs 350 Crore in Policybazaar
PB Fintech Ltd, on 27 November, announced that it had invested Rs 350 crore in Policybazaar Insurance Brokers Pvt. Ltd, which is a wholly-owned subsidiary...
Uber Introduces New Reward System for Drivers to Put a Stop on Cancellations
Uber India, on 23 November, announced the launch of a reward system program for drivers to help them reach their goals better on and off...
Bank of Baroda and Canara Bank to Raise Over Rs 15,000 Crore via Infra Bonds
Two major state-owned banks, Bank of Baroda and Canara Bank, are planning to raise funds through infrastructure bonds, targeting amounts of Rs 10,000 crore and...
Lupin Gets USFDA Tentative Approval for Diabetes Medication
Lupin, on 23 November, announced that it had received approval from the USFDA (United States Food and Drug Administration) for Canagliflozin Tablets, 100 mg and...
Sundaram Home Finance to Enter Telangana and Increase Small Business Loan Branches
Sundaram Home Finance, a housing finance company, is set to double its branch network for small business loans (SBL) to 50 branches and expand its...
Food Delivery Startup Magicpin Orders Double on World Cup Fever
Hyperlocal startup Magicpin announced that its food delivery orders surged more than two-fold to over 1 million during the ICC Cricket World Cup 2023 match...