PayU Payment's acquisition of BillDesk gets CCI nod

Competition Commission of India (CCI) on Monday granted its approval for the acquisition of 100 per cent equity of indiaideas.com (BillDesk) by PayU Payments. IMAGE: Anirban Mukherjee, CEO of PayU......

PayU calls off $4.7 bn acquisition of BillDesk

Prosus NV, which owns PayU, has terminated a $4.7 billion (about Rs 38,400 crore) deal to acquire Indian payments firm BillDesk, saying certain conditions precedent were not met. IMAGE: Anirban......

US investor BlackRock slashes Byju's valuation by 95% to $1 billion

In November 2023, Netherlands-based tech investor Prosus NV marked down Byju's valuation to under $3 billion. Peerzada Abrar reports. Photograph: Dado Ruvic/Reuters BlackRock has again reduced......

Swiggy lays off 1,100 as coronavirus hits business

Backed by China's Tencent and Prosus NV, Swiggy has around 8,000 employees. Bengaluru-based unicorn Swiggy is laying off 1,100 employees across grades and functions over the next few days, as......