Adani Group stocks plunge after US indictments
Shares of Adani Group companies lost about $28 billion in market value in morning trade on Thursday after U.S. prosecutors charged the billionaire chairman of the Indian conglomerate in an alleged bribery and fraud scheme. Gautam Adani's flagship company Adani Enterprises tumbled 23%, while Adani Ports, Adani Total Gas, Adani Green, ......
Doodhvale Farms Raises $3M in Atomic Capital-Led Round to redefine India's Premium Dairy Sector
Doodhvale Farms, a leading innovator in India's premium dairy sector, today announced the successful closure of a $3 million funding round. The round was led by Atomic Capital, with Singularity Early Opportunities Fund joining as a major co-investor. The round also saw participation from Bharat Founders Fund and Indigram Labs ......
'The corrupt solar project': US findings related to the $265 mn bribery charges on Adani
Indian billionaire Gautam Adani has been indicted by U.S. prosecutors for conspiring with executives of a formerly New York listed company to devise a $265 million scheme to bribe Indian officials to boost their solar energy business. Adani Group denied the allegations as "baseless", while Indian government officials haven't commented so ......
Cricstudio Inc: Driving Differentiation in Cricket Retail with Trust, Technology, and Accessibility
In a fragmented, highly unorganized cricket retail market, Cricstudio Inc. has emerged as India’s fastest-growing cricket brand, bridging the trust gap between customers and businesses. With 13 stores worldwide, Cricstudio has redefined the cricket shopping experience, gaining the loyalty of both amateur and professional cricketers alike. The brand's commitment to ......
Venture capital firm RPSG Capital to rope in top Orios executive
Early-stage venture capital firm Orios Venture Partners, which is an investor in companies like Country Delight, ixigo, BeatO and Pharmeasy, suffered another top management exit, a year after partners Anup Jain and Rajeev Suri quit to float their own firm. Currently deploying capital from its $120-million fund, Orios’ chief financial and ......
Exclusive: Manipal family office Claypond strikes control-oriented deal in healthcare
Ranjan Pai-led Manipal Group, which gave up control in its flagship enterprise Manipal Hospitals to Singapore’s state investment firm Temasek a year ago, has now inked a control-oriented deal in the healthcare space via its family investment office Claypond Capital, VCCircle has gathered. The family office - active in dealmaking after ......
Bottomline: How a multi-crop strategy boosted Sahyadri Farms’ growth
Sahyadri Farms Post Harvest Care Ltd managed to almost double its revenue and triple its operating profit over the three years through March 2024 as it expanded beyond grape exports, although topline growth could moderate in the current year. The operator of farms for fruits and vegetables recorded high growth ......
Former CDPQ India head, Gautam Adani, others charged in US bribery case
Three former executives of Canadian pension fund CDPQ, including a former India head, have been indicted along with Indian billionaire Gautam Adani and four others by US prosecutors for their alleged role in what may have been a case of multi-billion-dollar bribery and fraud, the US Department of Justice said. Cyril Cabanes, ......
Sector Scan: How India’s diagnostics players plan to recover after COVID boom
After witnessing some of its best years during the COVID-19 pandemic, India’s diagnostics companies landed in a soup during the financial year-ended 2023. As the country’s concerned populace was prompted to take tests during the ranging pandemic through FY21-22, these companies witnessed record high revenues in those years, only to have ......
Grapevine: Advent International, VIP Industries, Groww, Razorpay, EESL, and NIIF in news
Advent International is in advanced talks to acquire a controlling stake in a luggage company, while Energy Efficiency Services is preparing to divest its stake in a smart meter joint venture, according to various media reports. Also in news, Groww and Razorpay may see a cut in valuation. Advent International Advent International ......
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