Nishant Maher
Finance
Fairfax commits $200 mn to IIFL Finance after RBI ban on gold loans
Fairfax India Holdings Corporation, led by Indian-born Canadian billionaire Prem Watsa, has committed $200 million in liquidity support to IIFL ......
General
Grapevine: GIC seeks warehousing assets; Leapfrog to get big LP cheque
Singapore’s sovereign wealth fund GIC, which recently struck an exit from an India-based real estate deal after nearly two decades, is now in discussions to buy warehousing assets from ......
General
Grapevine: Five PE firms in fray for Indira IVF; WestBridge makes consumer bet
Private equity firm WestBridge Capital has picked up a majority stake in Tamil Nadu-based fruit and vegetable chain Kovai Pazhamudhir ......
Finance
Info Edge reports a Q3 loss due to one-off expense
Listed Internet company Info Edge on Friday announced a consolidated net loss of Rs 116.5 crore for Q3FY23 versus a ......
Finance
PB Fintech's net loss narrows in Q3, says on track to be profitable this FY
PB Fintech-owned Policybazaar reported a significant contraction in its Q3FY23 net loss to Rs 87.3 crore against Rs 298 crore ......
Consumer
Zomato's loss widens 4.5x in Q3 amid slowdown in food delivery biz
Food delivery aggregator Zomato reported a four-fold increase in its net loss from Rs 63.2 crore to Rs 346.6 crore ......
TMT
Byju's lays off 1,500 employees to focus on outsourcing some operations
Tiger Global-backed Byju’s has fired about 1,500 employees, including senior executives, in the second layoff exercise by India’s most valuable ......
TMT
Tata Communications arm to acquire US-based CDN for $59 mn
Telco player Tata Communications’ Dutch arm has entered in to an agreement to fully acquire US-based media service provider, Switch ......
Finance
SoftBank to offload half of its stake in PolicyBazaar
Japanese conglomerate SoftBank will sell 50% of its stake in listed insurance aggregator PolicyBazaar, owned by PB Fintech in a ......
Consumer
Nykaa Q2 net profit rises multifold; All segments charge ahead with full throttle
FSN E-Commerce Ventures Ltd-operated online beauty & personal care company Nykaa reported a 344% rise in its net profit for ......