Paytm shareholders vote to reappoint Vijay Shekhar Sharma as MD
One 97 Communications Ltd., the parent entity which runs digital payments company Paytm, said that 99.67% of its shareholders who voted approved th...
Monday, 22 August 2022, 22:54 Hrs
Flipkart's venture sector to invest in six startups
Flipkart Ventures, the $100-million venture capital arm of the ecommerce company, said it will be investing in six startups under its accelerator p...
Friday, 19 August 2022, 22:28 Hrs
Reliance-backed Dunzo is shifting gears as fast commerce hype settles
Reliance Retail-backed quick commerce platform Dunzo is shifting gears on its growth momentum after a hyperactive first half of the year in which i...
Thursday, 18 August 2022, 03:33 Hrs
SBI starts first branch for startups in Bengaluru
India’s largest lender SBI on Tuesday opened its first-ever startup branch in Bengaluru, which will be dedicated to fund and support early-st...
Wednesday, 17 August 2022, 03:28 Hrs
Demand for 5G smartphones nosedives in Southeast Asian countries
As India plans to usher in the 5G era, the demand for 5G-compatible devices has nosedived in Southeast Asia as practical uses of 5G have yet to be seen amid rising inflation, a new report said on Monday. 5G deployment in developing Southeast Asian markets has been abysmal, ensuring the hype for 5G has dwindled, and demand has shifted to more...
SoftBank, others may pare FirstCry stake pushing firm valuation to $4 billion
Japan’s SoftBank and NewQuest Capital Partners are among existing investors seeking to sell shares of IPO-bound FirstCry in the secondary market, valuing the baby products retailer in the range of $3.5-4 billion, according to several people in the know. Masayoshi Son-led SoftBank, which is the biggest investor in the omnichannel compan...
