Walmart-owned digital payments firm PhonePe has decided to halt its proposed acquisition of Goldman Sachs- and Xiaomi-backed ZestMoney, a Bengaluru-based buy now, pay later (BNPL) platform. The deal, which was poised to fetch anywhere between $150-200 million and $300 million, has hit a snag over lapses in due diligence, disagreements over valuation, sustainability of the business, and shareholding structure of ZestMoney, according to people familiar with the matter. The collapse of the deal is also being attributed to a slowdown in the financial technology (fintech) sector in the midst of a funding winter, difficult regulatory environment, and macroeconomic uncertainty, informed other sources.
Chairing an exclusive roundtable with 42 global CEOs and top executives from across 20 sectors, Modi stressed on continued political stability in India, predictability of policy, and pro-development and pro-growth policies.
Chanting slogans of "Modi Modi" and India-US friendship, Indian Americans walked in a procession for over an hour towards the historic Lincoln Memorial where the participants busted into an impromptu dance.
In the quarter ending June 2022, the growth of Internet subscribers was less than one per cent of all of 2021.
Scores of students on Friday staged a protest outside the CBSE office in Delhi against the paper leak.
'It was beautifully played by an American band.'
These games of skill with a large social component have managed the transition to a new online avatar.
'I was amazed at how tasty it was.' 'They did a good job with millets and lentils, which Mr Modi liked.'
Microsoft chairman and CEO Satya Nadella on Tuesday said there is a tremendous momentum in cloud adoption, as he termed cloud a "big game changer". Nadella, who is currently in India, addressed Microsoft Future Ready Leadership Summit in Mumbai on Tuesday. He is also scheduled to visit Delhi and Bengaluru this week, and will be meeting key customers, startups, developers, educators and students during his India visit.
Top firms get GST notices on credit claims on Friday; replies sought within hours.
Just like Gujarat Chief Minister Narendra Modi's 'chai pe charcha' where he connects with various sections while sipping tea over the internet, Congress vice president Rahul Gandhi will take part in a 'Google Hangout' on March 15, where he will interact with block, district and Pradesh Congress Committee presidents to give them pep talk on the coming elections and to get their feedback on their states and their districts. Renu Mittal reports
To stay on course with their academic calendars, several steps for graduating batches and fresh incoming batches are being taken.
Innovation ranging from exterior designs of vehicles to EV charger locks grabbed eyeballs at the expo
World's largest asset manager Blackrock will host a global investors meet in India next year, CEO Laurence Flik conveyed to Prime Minister Narendra Modi.
With Sundar Pichai becoming the CEO of Google, India has one more reason to cheer its prowess in the global IT sector.
Billionaire Mukesh Ambani on Monday laid bare the succession plan at India's most valuable company, identifying twins children Akash and Isha for telecom and retail leadership, and youngest son Anant for new energy unit. He, however, insisted he isn't retiring yet and will "continue to provide hands-on leadership as before". At the annual shareholders' meeting of Reliance Industries Ltd, he said the robust architecture that he has announced will ensure the firm remains "a unit, well-integrated and secure institution even as it develops existing businesses and adds new growth engines."
The digital media has received significant contributions from women.
A regular at NYC Pride and RuPaul's DragCon, he wants everyone to 'be yourself always, no matter what'.
What do we need more of: Leaders who dominate global institutions or local leaders with a 'Make-in- India' mindset?
Ambee, an Ambulance-hailing app, is set for commercial rollout. Sharath Chowdary profiles the Uber-backed firm that aims to bring online 50% of ambulances across 60 Indian cities over 5 years.
Self-proclaimed godman and fugitive Nithyananda's 'United States of Kailasa' has signed a 'cultural partnership' with over 30 American cities, a media report has said, days after the city of Newark in the United States state of New Jersey said it rescinded a 'sister-city' agreement with the fictional country.
'If the authorities go about completing this project the way they have proposed, this is going to cause a HUGE environmental impact not only on Malabar Hill but also on the rest of the city.'
Organisations value employees who go beyond their boundaries and step up to the occasion when the need arises.
If you're using earphones/earbuds, make sure they are clean and stored in a clean place. Wipe the rubber tips with alcohol swab regularly.
Addressing a summit in Varanasi on the implementation of the National Education Policy, Modi said the system should not just produce degree-holders but provide human resources needed to take the country forward.
Netaji Subhas Chandra Bose had formed this government and taken oath as prime minister on October 21, 1943."
German Chancellor Angel Merkel, French President Francois Hollande, Chinese Prime Minister Li Keqiang, Pakistan Prime Minister Muhammad Nawaz Sharif and Switzerland President Simonetta Sommaruga would be participating in the 45th edition of the meet.
The new mantra was to align Apple's ambition with the government's, focusing on Modi's favourite themes of Make in India, employment generation and India as a high-tech export hub.
Trends that added colour to workplace culture in 2022.
'At the heart of the strategic relationship between our countries are economic ties.'
These high profile companies have managed to pay next to no tax on their vast sales revenues generated in Europe.
'Happiness is a small word to describe my feelings at the moment.' The Pawars, exuberant after Sunny's success, meet the Thackerays.
The entry of the 152-members three NDRF teams and six canines into the disaster zone was swift, and their exit "moving and emotional".
'Seven months he has been in jail for no reason.'
The Election Commission has called for a meeting with websites on November 18 to discuss the use of social media by political parties and candidates in the ongoing five-state elections.
Modi hopes to attract funds and skills from U.S. innovators to help India's burgeoning startup scene grow.
'It's a big technology company and may offer good remuneration, but stability in my career is equally important to me.'
Budget forces last minute change in finance minister's plans.
American CEOs expected to meet Modi on Sunday include Apple's Tim Cook, Walmart's Doug McMillon, Caterpillar's Jim Umpleby, Google's Sundar Pichai and Microsoft's Satya Nadella.
'These accusations of my film being a copy only makes our chances at the Academy harder.'
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