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Snapdeal to Shelve $152 Million IPO Amid Tech Stocks Rout

Snapdeal to Shelve $152 Million IPO Amid Tech Stocks Rout

by News | Dec 12, 2022 | Initiatives

Snapdeal filed its initial public offering (IPO) regulatory papers for approval in December 2021, a year that saw many stock market debuts and record fund raising by Indian startups. But many are delaying IPOs amid a stock market rout that has raised concerns over...
BharatPe Goes The Arbitration Route To Claw Back Ashneer Grover’s Shares, Title

BharatPe Goes The Arbitration Route To Claw Back Ashneer Grover’s Shares, Title

by News | Dec 10, 2022 | Initiatives

This is BharatPe’s third legal action against Ashneer Grover after a civil suit at the Delhi High Court and criminal complaint with the Economic Offences Wing. New Delhi: Upping the ante, fintech unicorn BharatPe has filed an arbitration for clawing back former MD...
Govt Looking to Appoint Private Sector Professional as the First CEO of LIC

Govt Looking to Appoint Private Sector Professional as the First CEO of LIC

by News | Dec 9, 2022 | Initiatives

A private sector appointee to lead India’s largest insurer, which manages 41 trillion rupees ($500.69 billion) in assets, would be a first in its 66-year history. “The government is planning to broaden the eligibility criteria for appointment of LIC CEO so that...
Vedantu Gives Pink Slips To 385 Employees In 3rd Round of Layoffs This year

Vedantu Gives Pink Slips To 385 Employees In 3rd Round of Layoffs This year

by News | Dec 8, 2022 | Initiatives

Edtech unicorn Vedantu has laid off 385 employees, nearly 11.6 per cent of the company workforce, according to sources. This move is being seen as part of a drive in the edtech sector towards profitability via cost-savings and consolidation, as funds dry up, they...
Vodafone Idea’s Fundraising Put on Hold as Govt Delays Equity call

Vodafone Idea’s Fundraising Put on Hold as Govt Delays Equity call

by News | Dec 7, 2022 | Initiatives

The development spells further trouble for the company, which has an overall debt pile of Rs 2.2 trillion including hefty dues to the government Vodafone Idea’s (Vi’s) search for a lifeline has turned longer and tougher even as it continues to lose customers and delay...
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