Tata Motors Plans NBFC spin-off, merger with Tata Capital ahead of IPO: Report
Tata Motors’ strategic move to spin off and merge with Tata Capital ahead of its IPO. This move will allow Tata Motors to offer its shares for Tata Capital. Tata Motors is planning to split its vehicle financing subsidiaries, currently under Tata Motors Finance Ltd, and merge them with Tata Capital. As reported by Economic […]
Softbank-Backed Oyo Hotels Eyes $450 Million Bond Sale For Refinancing
Oyo Hotels – a leading new-age technology company is currently in an advanced stage for refinancing its existing debt of 450 million dollars. The purpose of this debt refinancing is to reduce interest rates and save on annual interest costs. This move can also benefit from an increased loan tenure. The debt refinancing will result […]
Tata Sons Preparing For Tata Capital IPO With Potential Lookout For Bankers
The Tata Group, India’s leading conglomerate, is gearing up for an IPO of its financial services arm, Tata Capital. This move is highly anticipated and is considered to be one of the largest in the industry. Notably, this will be Tata Group’s first public offer since the IPO of Tata Technologies, marking a significant step […]
India’s Oyo, Once Valued At $10B, Seeks New Funding At 70% Discount
Oyo, the hospitality unicorn of India, is in negotiations with investors to secure a new round of funding. This could reduce the company’s valuation to $3 billion or less, as reported by Techcrunch. Oyo is currently in discussions with potential investors to raise money. The investors include Khazanah, Malaysia’s sovereign wealth fund, for a fresh […]
Paytm rival Mobikwik announces Pocket UPI
The fintech giant, Mobikwik, has introduced Pocket UPI. It is a wallet-based payment option. The feature allows users to make payments without linking their bank accounts. The introduction of this feature empowers users by providing an additional choice during UPI payments. Mobikwik is focusing on enhancing the convenience factor for customers by simplifying the payment […]
Vishal Gaba Quits Bira 91
The marketing department of Bira has seen a major change as Vishal Gaba has stepped down from his position of CMO(Chief Marketing Officer). “Bidding farewell to Bira 91 after an amazing 2.5-year roller-coaster ride. Grateful for the learnings, experiences, memories, and the people I worked with. Will continue to root for the brand!” He recently […]
Boat Signs Yashasvi Jaiswal As Their New Brand Ambassador
Boat, a notable electronics brand in India, has recently signed the young and talented cricketer Yashasvi Jaiswal as their new brand ambassador. This exciting news has created a buzz among fans of the brand and the cricketer. BoAt is known for its innovative and stylish electronic products like headphones, earphones, and smartwatches. They have a […]
Top 5 Richest IPL Teams in 2024
The Indian Premier League (IPL) is not just a cricket tournament. It’s a financial powerhouse, with teams valued in millions of dollars. The league has grown exponentially since its beginning in 2008, attracting some of the biggest names in business and entertainment. As of 2024, the IPL’s franchise values have reached new heights. Let’s explore […]
Swiggy To Restart Delivering Home-Cooked Meals Starting From Rs 200.
Swiggy, the food delivery giant, is all set to restart its home-cooked meal service after a gap of four years. The orders include home-cooked, healthy, and affordable meals from local kitchens and chefs, according to the latest report by Money Control. It offers healthy, home-cooked food at an affordable price with different subscription options for […]
Bahrain’s Investcorp acquires NSE IT, India’s National Stock Exchange digital division.
Bahrain-based private equity firm Investcorp has acquired the National Stock Exchange’s Digital service business. Investcorp completed the deal for $120 million, which is around Rs 1,000 crore. This is said to be India’s largest private equity deal. This deal does not include NSE’s digital examination business which offers:- About NSE IT Division. The NSE IT […]
