Covid spurs matured-stage start-ups to advance their IPO plans

In the past few days, many companies, including fashion e-tailer Nykaa, food delivery platform Zomato, logistics and delivery firm Delhivery, insurance discovery platform PolicyBazaar, eyewear retail chain Lenskart, and edtech and online tutoring firm Byju’s, have openly spoken about their IPO plans. Several matured-stage start-ups, including digital commerce and payments firms, are now looking at taking the initial public offering […]

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Govt, industry lock horns over hiking TV prices

For India to be atmanirbhar, domestic manufacturers cannot remain merely assemblers of imported parts. Manufacturing in India cannot survive on support of imports forever. Turning down the demand of domestic TV manufacturers, the Centre has decided to reimpose 5 per cent Customs duty on open cells, a key component for television manufacturing, from October 1. The Rs 25,000 crore TV […]

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Taiwan scrambles fighters as Chinese jets again fly near island

Taiwan's air force scrambled jets for a second consecutive day on Saturday. Multiple Chinese aircraft approached the island and crossed the sensitive midline of the Taiwan Strait. The island's government urged Beijing to "pull back from the edge." Taiwan's air force scrambled jets for a second consecutive day on Saturday as multiple Chinese aircraft approached the island and crossed the […]

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More than 1,000 listed firms file Q1 numbers in Sep

As a result, the deadline for filing June quarter results ends on August 15. However, only 1,538 companies out of the 4,000-odd listed firms managed to declare their results within the usual deadline. More than 1,000 listed companies disclosed their financial numbers for the quarter ended June this month, taking benefit of the relaxation given by the market regulator. In […]

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Adani Green Energy to raise $1.8 bn from foreign banks

The company will raise $1.8 billion for the under construction and contracted portfolio of 12 GW, which includes the country’s first manufacturing-linked solar power plant of 8 GW. Adani Green Energy Ltd (AGEL) is looking to tie up with close to a dozen foreign banks to avail greenfield funding for its under-construction assets. The company will raise $1.8 billion for […]

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7 Indian-Americans in Forbes’ list of richest people in US

The seven Indian-Americans are cybersecurity firm ZScaler CEO Jay Chaudhry, founder and chairman of Symphony Technology Group Romesh Wadhwani, cofounder and CEO of online home goods retailer Wayfair Niraj Shah, Silicon Valley venture capital firm Khosla Ventures founder Vinod Khosla, managing partner of Sherpalo Ventures Kavitark Ram Shriram, Airline veteran Rakesh Gangwal and Workday CEO and co-founder Aneel Bhusri. Seven […]

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Trump or Biden? It won’t matter a lot for Indian markets

Given the impact Covid-19 pandemic had over the world economy, analysts expect global central banks, especially the US Fed, to keep the liquidity tap open, which, in turn, is likely to keep the equity markets, especially those in the emerging markets, buoyant. The outcome of the presidential election in the US, the world’s largest economy, may only create a flutter […]

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Byju’s buys edtech start-up Whitehat Jr for $300 million

Bajaj sold his 18-month-old start-up WhiteHat Jr to Byju Raveendran for $300 million in an all-cash deal – over the video conferencing platform Zoom. The deal is the biggest in the Indian edtech sector by far. Karan Bajaj is a well-travelled person. His travels include solo backpacking across South America and eastern Europe, and taking trips with his wife from Europe […]

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Securing the Future of India’s Internet Economy

‘Google and Facebook need to be tamed, their garb of ‘Investing in India’s future’ need to be pulled off,’ observes Vibhu Arya. Part 1: The Sale and Leaseback of India’s Digital Future 2007: The Digital ‘Battle of Plassey’ (external link) which Google Won. This is Guruji.com! (external link) India’s search engine started by 2 engineers in 2006. Before Google and […]

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