Yatra Online Ltd has announced the acquisition of Globe All India Services Ltd (Globe Travels) from Ramkrishna Forgings Ltd for ₹128 crore, aiming to enhance its corporate travel services and drive growth. The acquisition, expected to finalize this quarter, will expand Yatra’s corporate client base by 40%, adding 360 new companies to its existing roster of approximately 850.
This strategic…
Indian fintech startup Fampay has unveiled its latest innovation, the Namaspay app, aimed at transforming how foreign travelers make payments while visiting India. This Unified Payment Interface (UPI)-powered application is tailored specifically for tourists from Europe, Africa, Australia, and the United States, offering a streamlined payment experience in a country where digital transactions are…
In a recent post on X (formerly Twitter), Vijay Shekhar Sharma, founder and CEO of Paytm, made an intriguing comparison between ChatGPT and Perplexity AI, likening ChatGPT’s capabilities to discussing Taylor Swift with a grandfather who is more familiar with Bono and Roger Waters. Sharma’s comments reflect his appreciation for the evolving nature of AI, noting that “Perplexity is perpetually…
Bajaj Housing Finance IPO Opens with Price Band of ₹66-70 Per Share; Subscription Starts September 9
Bajaj Housing Finance Limited has announced the price band for its upcoming Initial Public Offering (IPO), set between ₹66 and ₹70 per equity share. The IPO will open for subscription on Monday, September 9, and will close on Wednesday, September 11. The company has scheduled the allocation to anchor investors for Friday, September 6.
The IPO will offer equity shares with a face value of ₹10…
Bain Capital, the global private investment firm, is set to significantly increase its investments in India, aiming to double its exposure over the next three years. Pawan Singh, Partner at Bain Capital Advisors India, revealed that the firm plans to focus on larger investments, often exceeding $500 million, in the rapidly growing Indian market.
Since launching operations in India in 2008, Bain…
Zee Entertainment Enterprises Ltd (ZEEL) has announced the appointment of Shiva Chinnasamy as its new Chief Technology and Product Officer, effective September 2. Chinnasamy will lead the company’s Technology & Innovation Centre (TIC) in Bengaluru, focusing on leveraging data, artificial intelligence (AI), and machine learning (ML) to enhance consumer experiences and support ZEEL’s strategic…
On September 3, 2024, several notable stocks reached their 52-week highs, showcasing significant performance amid a generally mixed market environment. Among the standout performers were Mahindra & Mahindra Financial Services, ITC, SBI Life Insurance Company, Sun Pharmaceutical Industries, and HCL Technologies.
Despite these positive developments, broader indices reflected a cautious sentiment. At…
Moneyview Raises $30 Million in Debt to Fuel Future Growth
Moneyview, the Bengaluru-based lending platform, is set to raise Rs 250 crore (approximately $30 million) through a private debt placement, marking its first major debt round in three years. The company’s board has approved the issuance of non-convertible debentures (NCDs) to facilitate this funding, according to internal documents…
Sports Nutrition Retailer Nutrabay Raises $5 Million for Growth
Sports nutrition retailer Nutrabay has successfully closed a Series A funding round, securing $5 million led by RPSG Capital Ventures and supported by Kotak Alternate Asset Managers Limited. This funding represents the first institutional investment since the company’s founding in 2017.
Investment to Fuel Expansion and…
E-commerce giant Meesho has appointed Mohit Rajani as its new Chief Product Officer (CPO). Rajani, who brings a wealth of experience from his previous roles, will lead Meesho’s product organization, overseeing product management, design, and analytics teams. This strategic appointment comes at a pivotal time for Meesho as it continues to scale its operations and refine its product…
