Lifestyle brand The Souled Store has raised Rs 135 crore from Xponentia Capital and with participation from current shareholders including Elevation Capital and RPSG Capital that have increased their shareholding…
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EazyDiner raises Rs 40 crore from DMI Sparkle Fund in fresh funding round
Restaurant table reservation, food discovery and payment platform, EazyDiner has raised Rs 40 crore in a fresh funding round from DMI Sparkle Fund. The funding will help the company scale…
Govt plans to borrow Rs 8.88 lakh crore in first half of FY24
The government plans to borrow Rs 8.88 lakh crore in the first half of FY2023-24. The borrowing plan was finalised by the government in consultation with the Reserve Bank of…
Alibaba to decide on control over new business units after IPOs
Alibaba Group’s breakup into separate companies will allow its business units to become more agile and eventually list on their own, the tech conglomerate’s chief executive Daniel Zhang said on…
Govt plans to borrow Rs 8.88 lakh cr from market in H1FY24
The government is looking to raise Rs 8.88 lakh crore through borrowing in the first half (April-September) of 2023-24 to fund the revenue gap for pushing economic growth, the Finance…
How JioCinema is killing OTT’s existing business model
With an estimated 20-25 million paying subscribers of Disney+ Hotstar expected to migrate to Reliance Industries-backed JioCinema to watch the Indian Premier League (IPL) cricket tournament for free, the country’s…
Why 2023 can be a difficult year for Indian start-ups
Indian start-ups are bracing for lean times as the industry moves further into 2023. With investors now focussed on profitability while pinching their pennies, late-stage start-ups will experience more flat…
Decks cleared for Zee-Sony merger as ZEEL, IndusInd Bank settle dispute over dues
Zee Entertainment Enterprises Ltd and IndusInd Bank Ltd said on Wednesday that they have settled a dispute over a loan default, paving the way for the media company’s mega merger…
Average increments to drop from 9.4% to 9.1% in 2023 in India, says Deloitte
Average India increments are expected to go down from 9.4 per cent in 2022 to 9.1 per cent in 2023 across almost all sectors. While the Life Sciences sector will…
Indian travel sector to report operating profits after losses in last two fiscals: CRISIL
The Indian tours and travel sector is finally out of the red. According to a CRISIL report, the travel sector is set to report operating profits in fiscal 2023 after…