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Byju’s Valuation Slashed by BlackRock, Now Stands at $8.4 Billion, a 62% Reduction

Nidhi Mishra -
BlackRock, the global investment management corporation, has once again revised its valuation of Indian edtech giant Byju's, reducing it by a significant 62%. The...
Business

Meesho’s Valuation Revised Downward: Fidelity Investments Cuts it by 10% to $4.4 Billion

Nidhi Mishra -
Fidelity Investments, a prominent global investment firm, has reduced the valuation of Meesho, an Indian e-commerce reselling platform, by 10%. The revised valuation now...
Bank

SEBI Imposes Rs 15 Lakh Fine on Individual for Violating Market Norm

Nidhi Mishra -
The Securities and Exchange Board of India (SEBI) has levied a penalty of Rs 15 lakh on an individual for violating market norms. The...
Business

Pluckk, Food-Tech Start-up, Appoints Kunwarjeet Grover as Head of Growth

Nidhi Mishra -
Pluckk, a leading food-tech start-up, has announced the appointment of Kunwarjeet Grover as its new Head of Growth. This strategic appointment signals Pluckk's focus...
Bank

Foreign VC Funding in India Witnesses 72% Decline as Unicorn Machines Stutter

Nidhi Mishra -
Foreign venture capital (VC) funding in India has experienced a significant decline of 72% as the unicorn machines, referring to high-valued startup companies, face...
Business

UpGrad Abroad Set to Expand Business, Plans to Hire 500 Freshers in Three Months

Nidhi Mishra -
UpGrad Abroad, a renowned global online higher education platform, has announced its plans to expand its business operations and is set to hire 500...
Bank

Reliance Capital Records Narrowed Loss of Rs 1,488 Crore as Expenses Decrease to Rs 5,949 Crore

Nidhi Mishra -
Reliance Capital, the financial services arm of the Reliance Group, has reported a narrowed loss of Rs 1,488 crore for the reporting period. The...
Bank

Finance Ministry Urges Public Sector Banks to Resolve Small Debt Defaults through Haircuts

Nidhi Mishra -
The Finance Ministry of India has urged Public Sector Banks (PSBs) to proactively address small debt defaults by considering haircuts, marking a significant step...
Bank

Start-ups Face Tax Scrutiny Over Unexplained Investments During FY19-FY21

Nidhi Mishra -
Several start-ups in India find themselves under the scrutiny of tax authorities as they receive notices regarding unexplained investments made between the financial years...
Business

Ambani-Backed EV Manufacturer Targets $85 Million Funding, Aims for $359 Million Valuation

Nidhi Mishra -
Aiming to accelerate its ambitious plans in the electric vehicle (EV) industry, an EV manufacturer backed by Indian business magnate Mukesh Ambani is seeking...
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