Warren Buffett-led Berkshire Hathaway neared a $1 trillion market value on Monday after reporting its second consecutive record annual profit, positioning it among a select group of American companies. The 93-year-old Buffett reassured shareholders that the investment conglomerate, now the largest financial firm by market capitalization, was “built to last.” Berkshire’s Class A shares rose…
Mumbai, May 20, 2024 – Significant developments are anticipated for Indus Towers, India’s largest mobile tower installation company, as a major block deal is expected tomorrow, May 21. According to sources quoted by CNBC Awaaz, Foreign Institutional Investors (FIIs) are likely to sell shares worth Rs 270 crore, equivalent to 80 lakh shares, through this…
SUMMARY Zomato’s offer reportedly values the SaaS logistics platform Shiprocket at about $2 Bn but a final decision has not been made Shiprocket had raised $185 Mn in its Series E round co-led by Zomato, Temasek, and Lightrock India in 2021 The startup was last valued at $1.2 Bn following a $33.5 Mn fundraising last…
New Delhi: M2P Fintech, a digital banking infrastructure company, has acquired Goals101, a firm specializing in transaction behavioural intelligence, for approximately ₹250 crore. The move will enhance M2P Fintech’s data analytics offerings to its clients. Goals 101, a seven-year old company, has developed a platform that runs on advanced algorithms and analytics tools which provide…
In India, startup funding has declined to a five-year low figure in 2023 — $7 billion as compared to $25 billion received in the previous year, a nearly 73% decline from funding recorded in 2022 amid a worsening global macroeconomic environment tossed by geopolitical tensions. According to research platform Tracxn data, as of December 5,…
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More than 15,000 employees were laid off by roughly 100 Indian startups in 2023 as funding winter persists. According to data sourced from Layoffs.fyi, cash-strapped Byju’s sacked 2,500 of its staff in the second round this year. The ed-tech startup’s founder Byju Raveendran pledged his home to raise funds for paying salaries to his employees….
SUMMARY Shares of Delhivery surged 6.8% to INR 389.35 during the intraday trading on Thursday (December 21), a day after the company launched its largest mega-gateway in Bhiwandi, one of India’s largest trucking terminals. However, the shares shed some of the gains and were trading at INR 388.15 on the BSE at 2.30 PM IST….
New Delhi: Macquarie Capital has acquired a “substantial minority stake” in ChargeZone, a Vadodara-based company specializing in high-speed electric vehicle (EV) charging networks. The specifics of the stake and the investment amount remain undisclosed. This move is set to boost ChargeZone’s efforts in expanding its cloud technology-enabled EV charging network, aligning with India’s growing focus…
SUMMARY Walmart-owned digital payments app PhonePe has rolled out a new feature on the platform that will allow its users to manage their credit cards as well as pay bills and loans. The ‘Credit’ section will enable users to view their credit bureau score without any additional cost, PhonePe said in a statement, adding that…
