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CarDekho SEA Secures $60 Mn Funding to Dominate Southeast Asia’s Auto-Finance...
The Southeast Asian commercial affiliate of the CarDekho Group, CarDekho SEA, has raised $60 million in its first round of external financing. This investment, which is led by Dragon Fund and Navis...
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Zomato faces ₹802 Cr GST demand for alleged non-payment of GST on delivery...
One of the biggest meal delivery services in India, Zomato, is presently involved in a financial and legal battle with the Maharashtra tax office. In addition to a penalty, the corporation has been...
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Paytm sells 5.4% stake in PayPay to Softbank for $280 Mn
One97 Communications, the parent company of Paytm, has sold a 5.4% share in Japan’s digital payments network PayPay Corp. for ₹2,364 crore ($280 million) as part of a strategic move to realign its...
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Weekly Startup Funding News: Indian startups raised $635 Mn this week; from...
With 25 deals raising an astounding $635.8 million, the Indian startup ecosystem has had an exciting week. As 2024 draws to a conclusion, this represents a 155% weekly increase, indicating robust...
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Weekly Business Updates: Everything from Zomato GST demand to PayPay stake sale
Paytm Realigns Strategy with PayPay Stake Sale In a major strategic move, One97 Communications, the parent company of Paytm, sold a 5.4% share in PayPay Corp., a digital payments network in Japan. In...
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Switzerland Suspends MFN Status for India Citing Supreme Court Nestle Ruling
In a surprising turn of events, Switzerland has decided to suspend the application of the Most Favoured Nation (MFN) clause in its tax treaty with India. The decision follows an Indian Supreme Court...
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Mukesh Ambani and Gautam Adani Exit Bloomberg’s $100 Bn Club
Two of India’s richest billionaires, Mukesh Ambani and Gautam Adani, have exited Bloomberg’s coveted $100 billion club in 2024, marking a challenging year for the industrial giants. Business setbacks,...
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Swiggy Stock Hits Record High After Axis Capital’s ‘Buy’ Call
Axis Capital’s optimistic assessment of the massive food delivery and quick-commerce company propelled Swiggy’s share price to a new all-time high during the December 16 trading session. The brokerage...
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US firms accused in Indian bribery scandals pay over $200 Mn in penalty to SEC
According to a recent investigation, U.S.-based organizations are involved in bribery scandals involving Indian government officials, severely highlighting the unethical actions of multinational...
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Blackstone-Led Consortium Nears Deal for Minority Stake in Haldiram
Blackstone Takes the Lead in Landmark Deal A group led by Blackstone Inc. is reportedly the highest bidder for a 20% minority stake in Haldiram Snacks Pvt., the largest snack manufacturer in India....
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LG Energy Solution and JSW Energy Plan $1.5 Billion Battery Joint Venture in...
India’s JSW Energy and South Korea’s LG Energy Solution (LGES) are preparing for a revolutionary partnership to produce batteries for renewable energy storage and electric cars (EVs). With an...
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Zomato’s Global Finance Head Hemal Jain to Exit Amid Challenges
Hemal Jain, the Global Finance Head of Zomato, the massive food delivery and restaurant aggregator, is scheduled to leave the company on January 31, 2025, marking a major change in leadership. Jain’s...
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MobiKwik’s Blockbuster Market Debut: Shares Surge 89% on Listing Day
The fintech behemoth One MobiKwik Systems Ltd. had a spectacular stock market debut, ending at ₹528 per share on the NSE, an astounding 89.24% increase from its IPO price of ₹279 per share. The digital...
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Ola CEO Bhavish Aggarwal unsatisfied with attendance records of employees,...
New Delhi, December 18: Ola CEO Bhavish Aggarwal has sent a stern yet motivational message to employees, highlighting the importance of performance, accountability, and respect within the organization....
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Bangladesh’s dispute with Adani Energy: Yunus led interim govt to reopen deal...
A multi-billion-dollar deal with Adani Power, one of India’s biggest energy companies, is causing major concerns for Bangladesh’s interim administration, which is headed by Nobel laureate Muhammad...
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Amazon Sells Shoppers Stop Stake for Rs 276 Crore, Bags 54% Profit
In a significant move, on December 18, 2024, the multinational e-commerce giant Amazon.com Inc. sold its stake in Shoppers Stop Ltd. Through an open market bulk transaction, the company sold its whole...
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Vijay Mallya Hits Back at Recovery Claim of Over Rs 14,000 Cr, Seeks Legal...
Fugitive businessman Vijay Mallya, embroiled in one of India’s largest financial fraud cases, has once again sparked public debate. Reacting to Union Finance Minister Nirmala Sitharaman’s recent...
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SEBI cracks down on YouTuber Ravindra Balu Bharti, bans his firm from...
By excluding YouTuber Ravindra Balu Bharti and his business, Ravindra Bharti Education Institute, from the securities market until April 4, 2025, the Securities and Exchange Board of India (SEBI) has...
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How did the IT department recover Rs 37,000 Cr from Non-Filers in 20 Months?
The Indian Income Tax Department has demonstrated its resolve in combating tax evasion by recovering a staggering ₹37,000 crore over the past 20 months. This unprecedented recovery comes from...
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Security Lapse Exposes Rapido User Data: What Went Wrong?
In a concerning development, ride-hailing unicorn Rapido reportedly exposed the personal data of its users and drivers due to a security issue involving a feedback form. Discovered by security...
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