valuation Archives

“Byju’s Now Worth Zero”: HSBC Warns Prosus Amid Mounting Legal and Financial Troubles

HSBC has raised significant concerns regarding the future of Indian edtech behemoth Byju’s, slashing the value of Prosus’ nearly 10% stake in the company to zero. This alarming assessment surfaces amidst Byju’s

June 7, 2024

Business

Google Invests $350 Million in Flipkart as Part of $1 Billion Funding Round

Tech giant Google is set to invest approximately $350 million in Walmart-owned e-commerce company Flipkart, according to sources. This investment forms a significant portion of the $1 billion funding round initiated by

May 25, 2024

Business·Latest News

Flipkart Eyes Domicile Shift from Singapore to India Ahead of Potential IPO

In a strategic move with its eye on an upcoming initial public offering (IPO), Flipkart, the e-commerce giant owned by Walmart, is considering relocating its domicile from Singapore back to India. This

May 13, 2024

Business·Latest News

Market Capitalization of Top 10 Firms Sees Decline: Airtel Takes Biggest Hit

In a holiday-shortened last week, the combined market valuation of six of the top-10 most valued firms witnessed a decline by Rs 68,417.14 crore. Among these, Bharti Airtel and Reliance Industries took

May 5, 2024

Business·Latest News

Airtel Eyes Control with Potential Acquisition of Vodafone’s Stake in Indus Towers

Airtel, India’s second-largest telecommunications company, is reportedly in talks to acquire Vodafone’s 21.05% stake in Indus Towers, according to a report by the Economic Times (ET). If successful, this move could potentially

April 24, 2024

Business

Global Investors Dump Hindustan Unilever Stock Amid Sluggish Sales Growth

Global investors are pulling back from Hindustan Unilever Ltd. as the company faces challenges with weak consumer demand and intensifying competition, resulting in a significant decline in its stock value. According to

April 24, 2024

Business

Rippling’s Meteoric Rise: Valued at $13.5 Billion After Latest Funding Round

Rippling’s Meteoric Rise: Valued at $13.5 Billion After Latest Funding Round HR software startup Rippling has set a new milestone, achieving a staggering valuation of $13.5 billion following its recent funding round,

April 23, 2024

Business

Swiggy Faces $200 Million Loss Ahead of IPO Amidst Stock Market Surge

Amidst plans to debut on the stock market, Swiggy, the prominent Indian food delivery giant, has disclosed a $200 million loss for the nine months leading up to December 2023, as revealed

March 29, 2024

Business

Capitalizing on India’s Booming Equity Market: Foreign Companies Sell Holdings Amid Rising Valuations

In the midst of India’s flourishing equity market, foreign companies are strategically reducing their stakes in local businesses, seizing the opportunity presented by soaring valuations. Data compiled by Bloomberg reveals that at

March 27, 2024

Business

Baron Capital Boosts Swiggy’s Valuation to $12.1 Billion: Preparing Grounds for a High-Stakes IPO

US-based asset management firm Baron Capital Group has significantly increased the valuation of its stake in India’s food delivery giant, Swiggy, to a staggering $12.1 billion. This substantial boost, marking a 13%

March 9, 2024

Business