Oyo’s valuation reached $4.6 billion after Nuvama Wealth’s recent share acquisition. Founder Ritesh Agarwal also bought back shares. The company’s profitability continues to improve, projecting a threefold increase in net profit for FY2025 after acquiring G6 Hospitality. Oyo reported its…
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Azim Premji’s family office, Premji Invest, and Ranjan Pai’s Claypond Capital have secured a minority stake in Akasa Air as part of a $130-140 million fundraising initiative. This investment marks a significant step for the airline, which is aiming to…
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India is facing challenges like high inflation, falling wages, and weak corporate earnings. However, the RBI’s neutral stand on the repo rate and a 50 bps CRR cut may boost liquidity and consumer spending. Tension between the US and China…
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Carlyle Group is exploring a potential $1 billion IPO for Quest Global Services in India, targeting a valuation exceeding $5 billion. The engineering services firm may redomicile to India before the listing, possibly in 2024. India’s booming IPO market and…
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PepsiCo bets big on India for future growth. As the company restructures its international beverages business, India stands as one of 13 key markets for PepsiCo. The company’s India operations reported double-digit growth as the company aims to strengthen its…
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Amazon India reached its 10,000 electric vehicle target early. The company deployed EVs across 500 cities. This helps Amazon’s 2040 net-zero carbon goal. The initiative reduces emissions and supports India’s sustainability efforts. Amazon is also testing long-range electric trucks. The…
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