State Bank of India (SBI)-backed Cashfree Payments, a payments and API banking company, has acquired one-click checkout platform Zecpe for an undisclosed amount. Zecpe will now operate as a wholly-owned…
Category: Companies
Microsoft co-founder Bill Gates visits RBI office, holds discussions with Governor Shaktikanta Das
Microsoft co-founder Bill Gates on Tuesday visited the Reserve Bank of India (RBI) office in Mumbai and met Governor Shaktikanta Das. In a tweet, the central bank said that Gates…
What’s wrong with Anil Agarwal’s Vedanta Group? All you need to know
The mining giant Vedanta Group is grabbing the attention for all the wrong reasons, especially after the Adani Group fiasco has come to the fore. The group’s London-based entity, Vedanta…
Paytm-Airtel possible tie-up to domestic MFs raising stake: What’s going on at Paytm?
Like other new-age companies, Paytm has been under pressure to turn profitable ever since its scrip got listed in late 2021. Its shares slipped about 70 per cent since its…
Wipro reshuffles management, business units amid macroeconomic uncertainties
Indian IT company Wipro will reshuffle its management and business units under four broad categories starting April 1 amid macroeconomic uncertainties and changing client needs. Previously the company’s business was…
Adani Group plans to repay up to $790 million share-backed loans by March-end
Adani Group reportedly plans to prepay or repay share-backed loans worth between $690-790 million by end of March this year. This plan comes as the conglomerate seeks to polish its…
Centre upset with Vedanta Zinc asset sale plans
The Centre is “upset” about Vedanta’s proposal to sell international zinc assets, as it feels the move would “hinder and distort” the government’s plan to dispose its residual stake in…
IIM Ahmedabad alumnus meets Narayana Murthy; Infosys founder shares fond memories
Prashant Girbane, director general, Mahratta Chamber of Commerce, Industries and Agriculture (MCCIA) in a recent LinkedIn post shared his chance encounter with Infosys founder Narayana NR Narayan Murthy. Girbane, who…
Adani-Hindenburg row: JPMorgan Chase’s investment arm offloads ESG funds of Adani Group stocks
A fresh batch of bad news has hit the embattled Adani Group. JPMorgan Chase & Co.’s asset management unit has offloaded shares of the group, following the brutal share selloff…
Anil Agarwal’s Vedanta Group to tap unused credit line of more than billion dollars with Indian banks
Vedanta Resources, owned by Anil Agarwal, is dependent on the Indian public sector banks for its future refinancing given its existing credit line of more than a billion dollars with…