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Paytm In Talks With Zomato To Sell Movie Ticketing Business: Report
Paytm is in talks with Zomato to sell its movie and events ticketing business, according to people familiar with the matter, as the beleaguered fintech company carves a revival strategy amid weakening sales.
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Azim Premji's Company Bets On AI To Prop $10 Billion Fund
PremjiInvest, the largest Indian family office that manages over $10 billion for software tycoon Azim Premji, will invest more money into artificial intelligence companies while fine-tuning its proprietary AI investment tools.
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Disney, Reliance Said to Ink Binding Pact to Merge India Media Operations
Walt Disney and Reliance Industries have signed a binding pact to merge their media operations in India, according to people familiar with the matter, as the US entertainment giant recasts its strategy amid intense competition in the world’s most-populous country.
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SEBI Uncovers $241 Million Accounting Issue At Zee: Report
The market regulator has found a hole of more than $240 million in the accounts of Zee Entertainment Enterprises Ltd., dealing another blow to the embattled media firm less than a month after its merger with Sony Group Corp's local unit collapsed.
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Byju's To Slash $22 Billion Valuation By 90% To Raise Fresh Funds
Byju's, once counted among the world's most valuable startups, is seeking to raise funds at a discount of more than 90% from its previous round to alleviate its financial problems.
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Sony Sends Termination Letter To Zee Over India Merger: Report
Sony Group Corp. has officially notified Zee Entertainment Enterprises Ltd. it plans to call off the merger between its India unit and the media network, ending a two-year acquisition saga and leaving Zee vulnerable to competition as rivals bulk up.
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Sony Said to Be Planning to Call Off $10 Billion Merger With Zee
Sony Group is planning to call off the merger pact of its India unit with Zee Entertainment Enterprises, said people familiar with the matter, capping two years of drama and delay in creating a $10 billion media giant.
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Sony Is Planning to Call Off $10 Billion Merger With Zee Enterprises
Sony Group Corp. is planning to call off the merger pact of its India unit with Zee Entertainment Enterprises Ltd., said people familiar with the matter, capping two years of drama and delay in creating a $10 billion media giant.
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Unable To Pay Salaries, Byju's Founder Takes Loan Against His Home: Report
Byju Raveendran, the eponymous founder of edtech titan Byju's, has pledged his home as well as those owned by his family members to raise money for paying employees as the company battles a cash crunch.
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Sony-Zee Merger Risks Collapse Over Eleventh-Hour CEO Drama: Report
The fate of the planned merger between Sony Group Corp.'s India unit and Zee Entertainment Enterprises Ltd. may be known as early as next week.
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Byju's In Talks To Sell US Unit Epic For $400 Million To Joffre
Troubled Indian education provider Byju's is in advanced talks to sell its US-based kids' digital reading platform for about $400 million to Joffre Capital Ltd., seeking funds to ease its financial pressures.
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Byju's Reveals Rs 2,250 Crore Loss Amid Deepening Debt Dispute
Indian education startup Byju's first results in years revealed that losses at its parent company narrowed only marginally amid a pandemic-era boom in business, underscoring challenges for the firm embroiled in a dispute with creditors.
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Byju's CFO Quits And Rejoins Vedanta To Oversee Restructuring
Vedanta Ltd. has picked the chief financial officer of ed-tech titan Byju's to replace the current finance head, who is said to have quit after a few months in the job, ahead of an ambitious restructuring at Anil Agarwal's mining conglomerate.
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Byju's Makes A Surprise $1.2 Billion Repayment Proposal To Lenders
Indian edtech titan Byju's has made a surprise repayment proposal to lenders, in which the firm has offered to pay back its entire $1.2 billion term loan in less than six months, according to people familiar with the situation.
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Indian Tycoon Gave Away $750 Million. He Doesn't Even Own A Mobile Phone
He built a fortune lending to low-income borrowers shunned by banks. He paid staff below-market wages and thought they still earned too much. He gave away almost all his wealth to a handful of employees, content with his small house and a $5,000 car.
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Paytm In Talks With Zomato To Sell Movie Ticketing Business: Report
Paytm is in talks with Zomato to sell its movie and events ticketing business, according to people familiar with the matter, as the beleaguered fintech company carves a revival strategy amid weakening sales.
-
Azim Premji's Company Bets On AI To Prop $10 Billion Fund
PremjiInvest, the largest Indian family office that manages over $10 billion for software tycoon Azim Premji, will invest more money into artificial intelligence companies while fine-tuning its proprietary AI investment tools.
-
Disney, Reliance Said to Ink Binding Pact to Merge India Media Operations
Walt Disney and Reliance Industries have signed a binding pact to merge their media operations in India, according to people familiar with the matter, as the US entertainment giant recasts its strategy amid intense competition in the world’s most-populous country.
-
SEBI Uncovers $241 Million Accounting Issue At Zee: Report
The market regulator has found a hole of more than $240 million in the accounts of Zee Entertainment Enterprises Ltd., dealing another blow to the embattled media firm less than a month after its merger with Sony Group Corp's local unit collapsed.
-
Byju's To Slash $22 Billion Valuation By 90% To Raise Fresh Funds
Byju's, once counted among the world's most valuable startups, is seeking to raise funds at a discount of more than 90% from its previous round to alleviate its financial problems.
-
Sony Sends Termination Letter To Zee Over India Merger: Report
Sony Group Corp. has officially notified Zee Entertainment Enterprises Ltd. it plans to call off the merger between its India unit and the media network, ending a two-year acquisition saga and leaving Zee vulnerable to competition as rivals bulk up.
-
Sony Said to Be Planning to Call Off $10 Billion Merger With Zee
Sony Group is planning to call off the merger pact of its India unit with Zee Entertainment Enterprises, said people familiar with the matter, capping two years of drama and delay in creating a $10 billion media giant.
-
Sony Is Planning to Call Off $10 Billion Merger With Zee Enterprises
Sony Group Corp. is planning to call off the merger pact of its India unit with Zee Entertainment Enterprises Ltd., said people familiar with the matter, capping two years of drama and delay in creating a $10 billion media giant.
-
Unable To Pay Salaries, Byju's Founder Takes Loan Against His Home: Report
Byju Raveendran, the eponymous founder of edtech titan Byju's, has pledged his home as well as those owned by his family members to raise money for paying employees as the company battles a cash crunch.
-
Sony-Zee Merger Risks Collapse Over Eleventh-Hour CEO Drama: Report
The fate of the planned merger between Sony Group Corp.'s India unit and Zee Entertainment Enterprises Ltd. may be known as early as next week.
-
Byju's In Talks To Sell US Unit Epic For $400 Million To Joffre
Troubled Indian education provider Byju's is in advanced talks to sell its US-based kids' digital reading platform for about $400 million to Joffre Capital Ltd., seeking funds to ease its financial pressures.
-
Byju's Reveals Rs 2,250 Crore Loss Amid Deepening Debt Dispute
Indian education startup Byju's first results in years revealed that losses at its parent company narrowed only marginally amid a pandemic-era boom in business, underscoring challenges for the firm embroiled in a dispute with creditors.
-
Byju's CFO Quits And Rejoins Vedanta To Oversee Restructuring
Vedanta Ltd. has picked the chief financial officer of ed-tech titan Byju's to replace the current finance head, who is said to have quit after a few months in the job, ahead of an ambitious restructuring at Anil Agarwal's mining conglomerate.
-
Byju's Makes A Surprise $1.2 Billion Repayment Proposal To Lenders
Indian edtech titan Byju's has made a surprise repayment proposal to lenders, in which the firm has offered to pay back its entire $1.2 billion term loan in less than six months, according to people familiar with the situation.
-
Indian Tycoon Gave Away $750 Million. He Doesn't Even Own A Mobile Phone
He built a fortune lending to low-income borrowers shunned by banks. He paid staff below-market wages and thought they still earned too much. He gave away almost all his wealth to a handful of employees, content with his small house and a $5,000 car.
