Tata Group to Buy 80% Stake in BigBasket for $1.3 Bn
The Tata Group is in advanced talks for buying around 80 per cent stake in BigBasket for around $1.3 billion, valuing India’s largest online grocery store at $1.6 billion,...
Author : Amrita Chakravorty
India’s Manufacturing PMI Falls To 3-Month Low
India’s manufacturing sector activity lost momentum and fell to a three-month low in November amid slower increases in factory orders, exports, and buying levels, a...
OYO Has $1 Bn Fund for Operations Until IPO: CEO Ritesh Agarwal
Ritesh Agarwal, Founder, and CEO, Oyo Hotels told employees that Oyo is recovering from the coronavirus fallout level and has around $1 billion for funding operations until...
CRED Raises $80 Mn, Valuation Doubles to $800 Mn
Credit card bill payment app, CRED has raised a funding of $80 million in a round led by existing investor DST Global. The round also saw...
Bajaj Auto Reports 5% Increase in November Sales
Bajaj Auto Limited on Tuesday reported that its vehicle sales in November month increased 5 per cent to 4,22,240 units, as compared to 4,03,223 units sold...
FB Acquires Customer Service Platform Kustomer For $1 Billion
Facebook Inc acquires customer service platform Kustomer in a deal that would value about $1 billion. Facebook Inc said on Monday it would buy customer service...
Tata’s Plan To Buy Coffee Day’s Vending Business Hits Hurdle
Yes Bank and Rabobank, lenders to Coffee Day Global Ltd (CGDL), have urged repayment of their entire dues for granting a no-objection certificate (NOC) to the...
Blackstone Buys $7.5 Bn Credit Investing Firm DCI
Blackstone Group Inc. has acquired technology-driven credit investment firm, DCI which manages $7.5 billion worth of assets, according to a statement on Monday. It will become...
Indian SaaS Firms Set To Rake In $18-20 Bn Revenues By 2022
The revenues of Indian software product companies are expected to touch $18-20 billion by 2022, doubling their share in the global Software-as-a-Service (SaaS) market to around 7-9%,...
Shapoorji Pallonji Real Estate Eyes Co-Living, Student Housing Projects
Mumbai-based Shapoorji Pallonji Real Estate plans to start shared living and student housing projects for diversifying its portfolio and to capitalize on an alternative asset class targeting...