Finance
Yes Bank selects JC Flowers as highest bidder to buy $6 bn bad loans
Yes Bank Ltd's board has chosen JC Flowers Asset Reconstruction Co (JCF ARC) as the highest bidder to become the ......
TMT
Lightspeed closes $500 mn early-stage fund for India, Southeast Asia
Silicon Valley-based Lightspeed Venture Partners has raised $500 million (around Rs 4,000 crore) for its fourth early-stage fund...
Manufacturing
SBICAP Ventures to set up fund for SME investment
SBICAP Ventures Ltd (SVL), a subsidiary of country’s largest lender State Bank of India (SBI), will establish the Trilateral...
TMT
Byju's yet to close $250 mn from past rounds
Edtech decacorn Byju’s fresh funding round of $800 million announced in March maybe in a limbo as it is yet ......
People
Unacademy to trim complimentary meals, salaries to focus on profitability
Edtech unicorn Unacademy founder Gaurav Munjal informed his employees that the company will resort to cost restructuring where...
People
Startups tweak hiring; scrap joining bonuses, increments and ESOPs
Startups are doing away with joining bonuses and offers of stock options besides reducing notice periods as they conserve cash...
Infrastructure
NIIF infuses $300 mn in UAE-based DP World's unit Hindustan Ports
India’s sovereign wealth fund National Investment and Infrastructure Fund (NIIF) will be investing around Rs 2,250 crore...
Infrastructure
Bain Capital-backed logistics firm set to file for over $300 mn IPO
Private equity Bain Capital-backed JM Baxi Ports & Logistics Ltd is set to file draft papers for an initial public ......
Finance
Razorpay elevates co-founder, ropes in Amazon exec as new CTO
Digital payments and financial services provider Razorpay on Tuesday announced a new role for co-founder Shashank Kumar as the...
People
Byju's-owned WhiteHat Jr lays off 300 employees to cut costs
Edtech giant Byju’s-owned kids-focused coding platform WhiteHat Jr has laid off around 300 employees globally as the industry...
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