LiveFounders of Goldman-backed ZestMoney Resign After Acquisition Deal with PhonePe Fails
Founders of Bengaluru-based ZestMoney, a Buy Now Pay Later (BNPL) startup backed by Goldman Sachs, resigned on May 15 after it failed to raise fresh...
Category : BUSINESS
Cricket Legend Sachin Tendulkar Picks up Undisclosed Stake in AZAD Engineering
According to a news statement issued by Hyderabad-based AZAD Engineering, a supplier of engineering and technology solutions for Global OEMs in the Clean Energy, Aerospace,...
Foxconn Breaks Ground for Rs 4,000 crore Electronics Manufacturing Facility in Telangana, Plant to Generate 25,000 Jobs
Foxconn, a Taiwanese contract manufacturer, has announced plans to invest Rs 4,000 crore in a new electronics manufacturing facility in Hyderabad, Telangana. The facility will...
MPOWER Financing Secured $150 Million Debt Funding from Goldman Sachs
MPOWER Financing, a Washington-based Fintech Firm, announced that it had secured a $150 million debt funding from Goldman Sachs to expand its growing portfolio of...
Adani-Hindenburg Row: SEBI Gets 3-Months Extension, Mauritian Minister Rejects Hindenburg Allegations
The Adani-Hindenburg row continues to make headlines as the Supreme Court gave a three-month extension to SEBI to conclude its investigation into the Hindenburg report,...
Softbank Sells 2% Stake Worth $120 Million in Paytm to Meet SEBI Rules
On Thursday, Japanese tech investor SoftBank notified stock exchanges that it had sold a 2.07% stake in One97 Communications Limited, the parent of fintech firm...
Vedanta Q4 Net Profit Down 68%, Declares Dividend of Rs 33 Per Share
On Friday, Vedanta reported a 67.5% drop in net profit to Rs 1,881 crore for the quarter ended March 31, 2023, compared to the same...
Air India Pilots’ Union Allow Members to Accept the Previously Opposed Wage Contract
In a joint letter issued on Thursday, the Indian Pilots’ Guild (IPG) and Indian Commercial Pilots’ Association (ICPA) withdrew their stand. They told their members...
METRO AG Completes Rs 2,859 Crore Deal of its Indian Business with Reliance Retail
Reliance Retail Ventures Ltd (RRVL) has successfully completed the acquisition of German retailer METRO AG’s Indian cash & carry business, including all 31 wholesale stores...
Reliance Jio, Bharti Airtel Gaining Equal at the Expense of Vodafone Idea
New data from the Telecom Regulatory Authority of India (Trai) shows that Reliance Jio Infocomm Ltd and Bharti Airtel Ltd are splitting the exit Vodafone...