People
CoinSwitch appoints former Flipkart exec Sudheer Tumuluru as head of crypto engineering
Indian crypto unicorn CoinSwitch said that it is appointing Sudheer Tumuluru as the head of crypto engineering. Tumuluru will...
TMT
Space Matrix acquires Pursuite, onboards Koovs exec as global CTO
Singapore-headquartered international design firm Space Matrix has acquired Pursuite, a B2B e-commerce platform in the hospitality...
Infrastructure
Adani Group to invest $50 bn in hydrogen over 10 years, partners TotalEnergies
As part of a new strategic alliance to develop green hydrogen ecosystem, TotalEnergies will acquire 25% minority interest in Adani...
Consumer
Tencent buys stake worth $264 mn in Flipkart from Binny Bansal
Chinese technology conglomerate Tencent has bought stake worth $264 million (about Rs 2,060 crore) in Flipkart from its co-founder...
TMT
Affle picks up 13% stake in Indus OS at $90mn valuation
Singapore-based technology firm, Affle said on Friday, June 10 that it has acquired a 13% stake in OSlabs, the Indian ......
Finance
India's AIF industry doubles to $72 bn in 5 years: report
India’s alternative investment fund (AIF) industry has doubled to $72 billion as of September 2021 from $36 billion in 2016...
People
Uber hires ex-Facebook exec Namit Jain to lead core platform in India
Ride-hailing company Uber has announced that it has hired Namit Jain, as a new Senior Director, Engineering, to lead its ......
Infrastructure
PE-backed Pristine Logistics files for IPO worth Rs 250 cr, BII to exit partially
Delhi-based Pristine Logistics & Infraprojects Ltd (Pristine), has filed its draft papers with markets regulator Securities...
Manufacturing
M&M may demerge auto business into 3 units – report
In a major restructuring move, auto-to-tech conglomerate Mahindra & Mahindra is likely to separate its automotive business...
TMT
Delhivery reduces IPO issue size by 30%; Softbank, Carlyle cut OFS portions
Logistics unicorn Delhivery has pruned its initial public offering (IPO) by around 30% to Rs 5,235 crore ($686 million) from ......
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