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Corporate

Corporate

Blackstone’s $69-bn real estate fund hits redemption limit as investors look to exit  (Photo: Reuters)

Blackstone’s $69-bn real estate fund hits redemption limit as investors look to exit

Dec 02, 2022

Blackstone has reported a 9.3% year-to-date return for its REIT, net of fees, a contrast to the publicly traded Dow Jones U.S. Select REIT Total Return Index 22.19% decline over the same period.

Amara Raja plans a gigafactory in Telangana

Amara Raja to invest Rs 9,500 crore in Telangana, to set up lithium-ion battery gigafactory

Dec 02, 2022

The industrial and automotive battery major, Amara Raja, said that the Telangana facility will be a state-of-the-art research and manufacturing facility.

TCS has delayed onboarding of thousands of freshers by up to eight months

'Had an offer from Amazon, but chose TCS': Tata Consultancy Services delays onboarding

Dec 02, 2022

India's largest IT services company, TCS, has delayed onboarding of freshers up to eight months. Business Today previously reported that companies including Infosys, Wipro, Tech Mahindra, Capgemini, Accenture, Mphasis, Mindtree, Deloitte, and HCL Tech have been delaying the onboarding of freshers.

The India arm of Fidelity National Information Services' also has offices in Bengaluru and Gurugram

400 fired and counting: FIS' India arm conducts mass layoffs in Pune

Dec 01, 2022

More employees would be terminated in the near future, people aware of the matter told Business Today

SoftBank invested around $199 million in the insurance aggregator and sold shares worth $250 million in its IPO last year, the report said. (Photo: Reuters)

SoftBank to sell 5% stake in PB Fintech via block deal on Friday: Report

Dec 01, 2022

The base price for the block deal has been set at Rs Rs 440 per share, which is 5-6% discount to CMP at Rs 461.55, says the report

Adar Poonawalla and Byju Raveendran's companies are the top-most unlisted companies in Burgundy Hurun list

Serum Institute, BYJU’S, Swiggy, OYO among the top unlisted companies: Burgundy Hurun list

Dec 01, 2022

With a valuation of Rs 2.19 lakh crore, Adar Poonawala-helmed Pune-based Serum Institute of India tops the Burgundy Private Hurun India 500 Top 10 list of unlisted companies. 

Reliance Industries' value stood at Rs 17.3 lakh crore, and is almost Rs 5 lakh crore, or 47 per cent, more valuable than the second-ranked Tata Consultancy Services

Mukesh Ambani-led Reliance Industries tops Hurun’s list of most valuable companies in India

Dec 01, 2022

2022 Burgundy Private Hurun India 500: The Hurun’s list of most valuable companies, which was released on Thursday, stated that Tata Consultancy Services (TCS) and HDFC Bank are in the second and third spots. Infosys and ICICI Bank are next in line.

CIEL said its revenue grew 80 per cent year-on-year during April-September 2022 to Rs 382 crore and that its plans to make two more acquisitions soon. 

IPO-headed CIEL HR picks up majority stake in HR tech firm

Dec 01, 2022

Firm also launches a campus tech platform and an updated version of mobile-based recruitment platform as the workforce and job market have changed after the pandemic.

Online marketplace funding to grow slower, valuations may rationalise in near term, reveals recent report

Online marketplace funding to grow slower, valuations may rationalise in near term, reveals recent report

Dec 01, 2022

As per a report from Bain and Company and Accel, annual marketplace investments decreased to $4.5 billion in the first 10 months of 2021 compared to $14 billion in the same period last year.

Sanjeev Bikhchandani

What Sanjeev Bikhchandani said about the 'bound to polarise' epilogue from Ashneer Grover's 'Doglapan'

Nov 30, 2022

The founder of InfoEdge said that if founders encash some value early through a secondary share sale, then their hunger to succeed would be sated and they would not try 'hard enough' to maximise value for everyone

The Roys have exited RRPR, but are still a part of Adani-controlled NDTV

The Roys have exited RRPR, but are still a part of Adani-controlled NDTV

Nov 30, 2022

Prannoy Roy and his wife Radhika Roy continue to be a significant part of NDTV through their direct holding of 32.3 per cent in the media major

Indian agrifood start-ups raise $4.6 bn in FY22; overtakes China in H1 2022

Indian agrifood start-ups raise $4.6 bn in FY22; overtakes China in H1 2022

Nov 30, 2022

It marks a 119 per cent growth in VC investments into the sector, from $2.1 billion in the previous year.

Flash, a start-up founded by Flipkart's ex-Senior Vice President, Ranjith Boyanapalli, has raised a seed round of $5.8 million

Binny Bansal, Kunal Shah, others back former Flipkart exec’s e-commerce start-up

Nov 30, 2022

Flash founder Ranjith Boyanapalli worked at Flipkart for eight years prior to launching his start-up in April 2022. The new offering is targeted at India’s 25 million ‘power shoppers’ online.

Swiggy shuts cloud kitchen brand The Bowl Company in Delhi-NCR after pilot run

Swiggy shuts cloud kitchen brand The Bowl Company in Delhi-NCR after pilot run

Nov 30, 2022

The company further said it will continue to invest and grow the brand in cities like Bangalore, Chennai, and Hyderabad.

RRPR, which has been acquired by the Adani Group, held 29.18% stake in the news channel

NDTV takeover: Adani announces the entire board of directors of RRPR

Nov 30, 2022

Prannoy Roy and his wife Radhika Roy, however, still hold a 32.26% stake in NDTV as promoters and have not resigned from the board of the news channel

By 2025, Microsoft aims to help train and certify 10 million people with skills for in demand jobs

Microsoft and LinkedIn’s skills for jobs program to help 10 million people learn digital skills

Nov 30, 2022

By 2025, Microsoft aims to help train and certify 10 million people with skills for in demand jobs

Bollywood actor Shilpa Shetty comes joins Hunar Online Courses as investor and brand ambassador

Shilpa Shetty becomes investor, brand ambassador for this skilltech platform; check details here 

Nov 30, 2022

The platform offers courses in areas such as fashion, food, beauty, and photography. 

The platform claims to currently serve over 4 million users and host more than 400 tournaments a day across 22 titles

Esports start-up Gamerji raises $3 million funding for business expansion

Nov 30, 2022

As per the company, the funds raised will be deployed for growing the platform in MENA and South East Asia.

Retailers typically offer massive discounts on products during the Black Friday sales

Black Friday sales were better than Diwali sales for D2C brands

Nov 30, 2022

As per data from ecommerce enabler platform GoKwik, D2C brands on its network saw a 63% increase in gross merchandise value (GMV) in just three days compared to the 10-day Diwali sale; electronics as a category attracted bulk of the demand.

Meet the 10 start-ups that made it to the second batch of Accel’s pre-seed program Atoms

Meet the 10 start-ups that made it to the second batch of Accel’s pre-seed program Atoms

Nov 29, 2022

Atoms provides selected start-ups with $250,000 in non-dilutive capital, 1:1 mentorship by established Indian entrepreneurs and business leaders, and access to Accel’s global community

The block deal will take place at a discount of about 5-6 per cent.

Zomato block deal! Alibaba to sell shares worth $200 mn tomorrow at 5-6% discount, says report

Nov 29, 2022

Alibaba's partial exit occurs at a time when Zomato has recently experienced a string of senior-level departures.