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Blackstone to acquire a majority stake of 52% in R systems for $359 million-thumnail

Blackstone to acquire a majority stake of 52% in R systems for $359 million

R Systems, founded in 1993 by Rekhi, specializes in digital information technology services, specializing in product engineering, and serves over 250 customers in the technology, media, telecom, and financial services

Industry

Nov 17, 2022

<strong>Singapore state investor Temasek Holdings writes down its investment of $275 Mn in FTX</strong>-thumnail

Singapore state investor Temasek Holdings writes down its investment of $275 Mn in FTX

Temasek said it had invested $210 million for a minority stake of about 1 percent in FTX International, and $65 million for a minority stake of about 1.5 percent in

Education

Nov 17, 2022

Snacks company Bikaji Foods’ IPO lists at 7.6% on bourses this Wednesday-thumnail

Snacks company Bikaji Foods’ IPO lists at 7.6% on bourses this Wednesday

“At P/E (price to earnings) valuation of 95.2, the stock looks expensive. Therefore, we advise investors to lock in listing gains, and only aggressive investors should consider making a long-term

Industry

Nov 16, 2022

Google Appstore introduces UPI Autopay as a payment option for subscription-purchase-thumnail

Google Appstore introduces UPI Autopay as a payment option for subscription-purchase

With the introduction of UPI Autopay on the platform, the company aims to extend the convenience of UPI to subscription-based purchases, as well as enable local developers to grow their

Education

Nov 16, 2022

Amazon India launches SEND its cross-border logistics platform for Indian exporters-thumnail

Amazon India launches SEND its cross-border logistics platform for Indian exporters

Amazon plans to expand SEND to additional destinations and shipping modes soon. Services offered under this new vertical will include information about multiple carriers, negotiating rates and service levels, compliance

Industry

Nov 16, 2022

Elon Musk’s SpaceX valued $150 billion in the latest funding round-thumnail

Elon Musk’s SpaceX valued $150 billion in the latest funding round

SpaceX dominates the market for commercial space launch. The company sends payload to orbit for private sector customers, the National Aeronautics and Space Administration, and other government agencies. It also

Industry

Nov 16, 2022

Global Health, parent company of medanta soars 19% on IPO debut on wednesday-thumnail

Global Health, parent company of medanta soars 19% on IPO debut on wednesday

“The issuer has good patient volumes and cost efficiency and its financial profile also shows an increasing trend. The issue is fairly priced at a P/E (price to earnings ratio)

Healthcare

Nov 16, 2022

BeatO digital solution provider for diabetes raises $33 Mn in series B funding-thumnail

BeatO digital solution provider for diabetes raises $33 Mn in series B funding

The fresh funds will be utilized to expand BeatO’s diabetes care programs pan-India, invest in strengthening the leadership team, and to further invest in its product and technology, the startup

Industry

Nov 16, 2022

India Hosts Lead IT Summit associating with Sweden at COP 27-thumnail

India Hosts Lead IT Summit associating with Sweden at COP 27

India and Sweden shared a platform and exchanged upcoming ideas at LeadIT Summit at COP 27. The Union Minister for Environment Forst and Climate Change, Bhupender Yadav mentioned that the

Enterprise Service

Nov 16, 2022

Vedanta Group in talks with several bidders to sell Electrosteel Steels Limited-thumnail

Vedanta Group in talks with several bidders to sell Electrosteel Steels Limited

Vedanta beat Tata Steel, whose facilities are next to Electrosteel, to take over ESL for Rs 5,320 crore in the summer of 2018 after the creditors took the ailing steelmaker

Advertising

Nov 16, 2022

Early-stage VC fund Unitus Ventures to close its third fund in India with a corpus of $100 million-thumnail

Early-stage VC fund Unitus Ventures to close its third fund in India with a corpus of $100 million

With the third fund, Poole said, Unitus Ventures will increase its focus on areas such as job tech, enterprise SaaS and sustainability, and climate. Early-stage venture capital fund Unitus Ventures,

Education

Nov 16, 2022

The government of Canada has now permitted its international students to work for more than 20 hours per week-thumnail

The government of Canada has now permitted its international students to work for more than 20 hours per week

The government of Canada has canceled the 20-hour work week for international students, citing labor shortages. Presently students can work for more than 20 hours a week along with completing

Education

Nov 16, 2022


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