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Grapevine: Ex-Uber CEO bets on Rebel Foods; HDFC to buy out Credila promoters

General

24 September, 2019

Grapevine: Ex-Uber CEO bets on Rebel Foods; HDFC to buy out Credila promoters

Ride-hailer Uber’s co-founder Travis Kalanick has purchased a small stake in Rebel Foods Pvt. Ltd, the owner of online kitchen...

Corporate tax cut may boost smartphone manufacturing in India

Manufacturing

24 September, 2019

Corporate tax cut may boost smartphone manufacturing in India

India’s lower corporate tax rate will help its smartphone industry expand, fuel research and development (R&D) investment...

SoftBank turns against WeWork CEO Adam Neumann

People

23 September, 2019

SoftBank turns against WeWork CEO Adam Neumann

Japan's SoftBank Group Corp, the biggest investor in WeWork owner The We Company, is exploring ways to replace Adam Neumann...

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Ozone in talks with offshore investors to bump up its rent-yielding play

Infrastructure

23 September, 2019

Ozone in talks with offshore investors to bump up its rent-yielding play

Bengaluru-headquartered Ozone Group, known for its residential townships, is discussing a platform deal with offshore investors...

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ARC Scan: Is India's No.2 buyer of soured debt hitting the sweet spot?

Finance

23 September, 2019

ARC Scan: Is India's No.2 buyer of soured debt hitting the sweet spot?

Anil Bhatia doesn’t like to take his office home with him. That’s certainly a good way to manage work stress. ......

Sensex, Nifty extend rally; IT stocks cap gains

Markets

23 September, 2019

Sensex, Nifty extend rally; IT stocks cap gains

Indian shares started the week on an upbeat note as investors expect the government’s surprise move to cut corporate taxes...

Grapevine: Tiger Global to back Nobroker; Lodha may sell office space to Varde

General

23 September, 2019

Grapevine: Tiger Global to back Nobroker; Lodha may sell office space to Varde

Private equity investors Tiger Global Management and General Atlantic are set to lead a round of funding for up to ......

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In six months, Ayushman Bharat's use rate will be about 12 mn a year: CEO Indu Bhushan

Economy

23 September, 2019

In six months, Ayushman Bharat's use rate will be about 12 mn a year: CEO Indu Bhushan

Ayushman Bharat, the Modi government’s ambitious health insurance scheme, was launched last year with much fanfare. Dubbed Modicare, it aimed ......

PE-backed Altico Capital evaluating options after default

Finance

23 September, 2019

PE-backed Altico Capital evaluating options after default

India’s Altico Capital said on Sunday it was evaluating options to resolve its liquidity issues, following its recent default...

Govt says no plans to revise fiscal deficit target or cut spending now

Economy

23 September, 2019

Govt says no plans to revise fiscal deficit target or cut spending now

India will not revise its fiscal deficit target immediately and is not planning any spending cuts at this stage, the ......

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