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Zomato, Swiggy get notice for $90 mn in unpaid taxes

TMT

22 November, 2023

Zomato, Swiggy get notice for $90 mn in unpaid taxes

India's top organization for indirect taxes has issued notices on unpaid taxes worth about 7.5 billion rupees ($90 million) to ......

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SoftBank logs another sub-par exit move in India

Infrastructure

17 November, 2023

SoftBank logs another sub-par exit move in India

Japanese technology investment giant SoftBank, which has been on a harvest spree in India having divested shares of Paytm, FirstCry, ......

Zomato swings to surprise Q2 profit from year-ago loss

TMT

03 November, 2023

Zomato swings to surprise Q2 profit from year-ago loss

India's Zomato on Friday reported a surprise profit for the second quarter, as consumers ordered more from restaurants and its ......

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Temasek clocks partial exit from India portfolio amid hectic dealmaking

TMT

27 October, 2023

Temasek clocks partial exit from India portfolio amid hectic dealmaking

Singapore state investment firm Temasek has made a partial exit from an Indian company, marking at least its second liquidity move ......

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SoftBank nears more than $350 mn India exit

TMT

20 October, 2023

SoftBank nears more than $350 mn India exit

Japanese technology investment goliath SoftBank, which has been on a harvest spree in India having offloaded shares of Paytm, FirstCry ......

SoftBank trims stake in Zomato for $115 mn

TMT

31 August, 2023

SoftBank trims stake in Zomato for $115 mn

SoftBank Vision Fund on Wednesday sold a 1.17% stake in Indian food delivery firm Zomato in a deal valued at ......

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Tiger Global wraps up fourth full exit in India this year pocketing over $310 mn

TMT

28 August, 2023

Tiger Global wraps up fourth full exit in India this year pocketing over $310 mn

Tiger Global, one of the most celebrated and prolific international venture capital investors in the Indian startup ecosystem and credited with spawning ......

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Grapevine: RIL may sell more stake in retail arm; Ather Energy defers funding plan

General

25 August, 2023

Grapevine: RIL may sell more stake in retail arm; Ather Energy defers funding plan

Billionaire Mukesh Ambani-led Reliance Industries Ltd (RIL) is looking to sell more stake in its retail arm to fund expansion, retire debt and ......

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Swiggy valuation cut again, now less than half its peak $10.7 bn tag

TMT

16 August, 2023

Swiggy valuation cut again, now less than half its peak $10.7 bn tag

A US-based public markets investor has again cut its estimate of Indian food delivery unicorn Swiggy's valuation even as the ......

Govt plans welfare measures for gig workers ahead of elections

Economy

14 August, 2023

Govt plans welfare measures for gig workers ahead of elections

India plans to roll out welfare measures for "gig" workers employed through platforms like Amazon, Uber and India's Zomato as ......