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Tag: Investment
Axis banks’ 1.5% stake sale garners Rs. 3,839 crores to the government-thumnail

Axis banks’ 1.5% stake sale garners Rs. 3,839 crores to the government

The disinvestment proceeds mopped up so far this fiscal increased to Rs 28,383 crore. The budget target from disinvestment in the current fiscal (Apr-March) is pegged at Rs 65,000 crore.

Finance

Nov 17, 2022

Fairfax Planning Bengaluru Airports’ IPO at $3.7 billion valuation next year-thumnail

Fairfax Planning Bengaluru Airports’ IPO at $3.7 billion valuation next year

Launched in 2008, BLR Airport has been visited by more than 250 million passengers as of June this year. The airport serves 61 domestic and 14 international destinations, the website

Enterprise Service

Nov 17, 2022

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

ReadyAssist, roadside assistance startup raises $5 Mn in its pre-Series A-thumnail

ReadyAssist, roadside assistance startup raises $5 Mn in its pre-Series A

The startup works with service providers to help out users who have a vehicle failure on the road. It provides services such as battery jumpstart, fuel delivery, key unlocking, towing,

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

Estee Lauder Cos Inc. agrees to buy U.S. fashion label Tom Ford for $2.8 billion-thumnail

Estee Lauder Cos Inc. agrees to buy U.S. fashion label Tom Ford for $2.8 billion

“Given the strength of Tom Ford Beauty, especially in the most significant long-term growth market of China, we understand the appeal of the deal, but handling the fashion businesses leaves

Industry

Nov 16, 2022

KarmaLife associates with Repute to deliver reasonable financial services-thumnail

KarmaLife associates with Repute to deliver reasonable financial services

KarmaLife is a financial service provider to contract-based workers, which has asserted cooperation with Repute. This partnership will allow KarmaLife to connect to a Human Resource Management System supported by

Finance

Nov 15, 2022

Shaktikanta Das will meet with bankers in concern about the growth of credit stability.-thumnail

Shaktikanta Das will meet with bankers in concern about the growth of credit stability.

RBI Governor Shaktikanta Das will hold a meeting with the public banks to review credit sustainability growth. According to the Times of India, a report provided to bankers may consider

Industry

Nov 15, 2022

Tata Sons moves ahead with plans to merge all its airlines under one entity- Air India-thumnail

Tata Sons moves ahead with plans to merge all its airlines under one entity- Air India

Tata group regained control of Air India after emerging as the winning bidder for the loss-making airline. It had offered a bid of Rs 18,000 crore, which comprised a cash

Automotive

Nov 14, 2022

Big Bang Social Creator Associates with Zomaland-thumnail

Big Bang Social Creator Associates with Zomaland

Zomaland is an entertainment carnival that is widespread across seven cities. Big Bang Social enlisted as an experience creation partner to renew a network of creators, storytellers, and pop culture

Industry

Nov 14, 2022

<strong>According to the company’s founders, Razorpay can go public in a few years without obtaining further financing.</strong>-thumnail

According to the company’s founders, Razorpay can go public in a few years without obtaining further financing.

Razorpay, the winner of the Startup of the Year category at the ET Startup Awards 2022, has already exceeded its annual gross transaction value (GTV) target of $90 billion for

Finance

Nov 14, 2022


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