PhonePe, a decacorn fintech startup with a pre-money valuation of $12 billion, announced on Wednesday that General Atlantic has contributed an additional USD 100 million to its ongoing USD 1 billion financing round. The Walmart group company has now raised USD 750 million with this additional capital, according to PTI. “PhonePe confirms a USD 100 […]
PhonePe Gets Additional USD 100 Million Fund From General Atlantic Read More »
Square Four Projects India Ltd., a small cap business, has a market value of $14.72 Cr. on Friday. Real estate is the company’s line of work. In lieu of the current holding of 1 equity share at Rs. 10 per share, the corporation issued 2 equity shares for Rs. 5 each to its eligible shareholders
Square Four Projects India Ltd hit 5% upper circuit as Board declares 2:1 stock split Read More »
According to reports, lenders of the heavily indebted Reliance Capital (RCAP) decided on Monday to hold a second auction on April 4 in an effort to maximize recovery as part of the resolution process. According to sources, the Hinduja Group’s IndusInd International Holdings Ltd (IIHL) informed the Committee of Creditors (CoC) on Monday that it
Reliance Capital Lenders To Go For 2nd Auction On April 4 To Maximise Return Read More »
Reliance Industries Limited, which is run by Mukesh Ambani, has named Srikanth Venkatachari as its new chief financial officer (CFO), effective on June 1. Alok Agarwal, the CFO since 2005, will be replaced by Venkatachari. Agarwal has been promoted to senior advisor to Reliance chairman Mukesh Ambani. “This is to inform that Shri Alok Agarwal,
Reliance Industries appoints Srikanth Venkatachari as CFO, replacing Alok Agarwal Read More »
As part of its semi-annual review, which will be unveiled on May 11, 2023, global index services provider MSCI (Morgan Stanley Capital International) may include two possible India equities in its Standard Index. According to brokerage Emkay, both Ashok Leyland and Hindustan Aeronautics meet the size and liquidity requirements through 23 March 2023, and it
MSCI review: HAL, Ashok Leyland to be added to India Standard Index; shares rise Read More »
On Thursday, Vedanta Ltd. called any rumours of a sale in the oil-to-metals conglomerate “untrue and false.” This follows a news story that claimed mining magnate Anil Agarwal was considering selling a share in Vedanta as a last-ditch option and was looking into the prospect of doing so for less than 5% of the business.
Vedanta Says Talks Of Stake Sale ‘Untrue’, ‘Baseless’ Read More »
IT services firm Accenture announced on Thursday that it would lower its annual revenue and profit predictions and lay off around 2.5% of its staff, or about 19,000 employees, as massive layoffs at top tech businesses continue to occur around the world. Accenture is the most recent significant company to announce job cuts in light
Accenture To Cut 19,000 Jobs, Trim Forecast Read More »
Hindenburg Claims Against Block Inc. :Block Inc., originally known as Square Inc., has a $44 billion market cap, according to Hindenburg, and claims to have created a “magical” and “frictionless” financial system with a goal of empowering the “unbanked” and the “underbanked.” “Our 2-year investigation has concluded that Block has systematically taken advantage of the
A Brief Overview: The Hindenburg Claims Against Block Inc. Read More »
Hindustan Aeronautics: According to data from the NSE on Thursday, the government’s offer for sale (OFS) of a portion of its share in Hindustan Aeronautics Ltd. witnessed considerable demand from non-retail investors and was subscribed 4.5 times. While there were only 52.6 lakh shares available, it got bids for 237.6 lakh shares. The suggested offer price,
Hindustan Aeronautics’ OFS is 4.5 times oversubscribed due to high demand. Read More »
On Thursday, Hindenburg Research announced that it had short positions in Block Inc., claiming that the payments company had exaggerated its user counts while understating the costs associated with acquiring new customers. Silicon Valley-based Block, Inc. (SQ), founded by businessman Jack Dorsey, provides payment and mobile banking services for retailers and customers. “Our 2-year investigation
Following Adani, Hindenburg Now Shorts Block Inc. of Jack Dorsey Read More »
