In January, Visa's chief executive officer, Al Kelly, said during an earnings call that "there's been a burst of the balloon in valuations in the fintech world". Noting that the trend of lower valuations "is a helpful characteristic of the current environment", he added: "We will look for capabilities and management teams that will bring more value to Visa than we can bring ourselves." Data from KPMG's Pulse of Fintech H2'22 shows that global fintech investment - via mergers and acquisitions (M&As), private equity (PE) and venture capital (VC) firms - at $164.1 billion in 2022, was down 31 per cent over the year before. Indian fintechs held up better during this timeframe, attracting $6 billion, or a fall of 24 per cent.
The management changes come amid talks that the company is preparing for an IPO in the United States.
Experts say Biyani will now become a contract manufacturer of fashion and FMCG products, with the Reliance group being one of his customers.
Some companies argue that the culture of staying, working and learning at home will persist for a while, altering lifestyle habits of consumers.
VCs have been especially bullish about India.
'Hybrid learning is the future, and test prep is a big segment within the entire education space in India.'
'Multiplexes will thrive by Q4 if 100% capacity is restored and a third Covid wave doesn't happen.'
'The focus on easier access and faster delivery is creating a new consumption pattern that allows consumers to satisfy their last-minute cravings and restock essentials at the click of a button.'
During her tenure, Facebook's users in the country have grown from 8 million to 138 million, making India its second largest market after the US
The profit boost for studios will in large part be driven by the rush for local-language content from platforms like Netflix Inc
'During the course of these two years, as new people have joined, we have no mental picture to associate with them and hence, have little connection with them.'
Flipkart has promoted several of its leaders into newer roles at a time when the Walmart-owned e-commerce giant has internally raised its IPO (initial public offering) valuation target to about $60 billion and aims for a US listing in 2023, according to the sources. "I am delighted to announce the promotion of some of our exemplary leaders," said Kalyan Krishnamurthy, chief executive officer, Flipkart Group, in an internal note, and which has been reviewed by Business Standard. "Each of them has been instrumental in delivering impact and creating long-term value for Flipkart.
Jack Ma who had five years ago said he was inspired and excited by "Make in India" possibly understood the essence of the signature campaign better than some others and decided to stay away from India other than as an investor, says Nivedita Mookerji.
The rise of the mall in India, at a time when many in the United States are becoming debt-ridden white elephants.
It is time to shrug off the ideological shackles about the way we work, play and live, says Ajit Balakrishnan.
Their startup investments number 13 so far, compared to 17 deals in 2020.
Start-ups don't care that mad-money funding comes to a hard stop after an IPO, observes Debashis Basu. As a listed entity, corporate actions have to take the interests of all shareholders, especially minority shareholders, into account. So far, we are not seeing any sign of it, observes Debashis Basu.
Adapting to the new hybrid normal of remote and office work, cautiously optimistic corporate are looking to hire more people and provide better appraisals in the new year as they step out of the pandemic-ravaged 2020. The coronavirus pandemic emerged as the biggest inflection point for the Indian job landscape. For the corporates, work-from-home and remote workers became the new normal and for the professionals, online learning and digital skills took centrestage.
'The international community should call upon Pakistan to take sustained, verifiable and irreversible actions against terror outfits operating on the territory under its control'
Online marketplace majors, e-grocers, Internet of Things firms, app-based companies and transport service aggregators are among those that have had to shut shop or scale down operations. Now, survival skills like upskilling and retraining will determine who makes it.
'Laws have been used in a way to serve the needs of the current regime and its authoritarian ideology.'
'We could crack IM modules in the country because one arrested member would spill beans on the other.' 'With ISIS, every module is different and is possibly being handled by different operators abroad.'
Opposing the Centre's stand that the PM CARES Fund was not a government fund, a lawyer told the Delhi High Court Wednesday that there was no factor to show that the fund was private in nature.
'This is the best time to do a pan-Indian film.'
Over 50 Indians in Forbes' under 30 list of super achievers.
The cloud kitchen market in India will hit $1.05 billion by 2023. Just 13% of the total market has been utilised so far.
From omnichannel to AI and 3D technology, the fashion industry is in the middle of a digital revolution.
"Five to 10 protesters charged at me. They thrashed me with lathis. I ran with some other personnel and hid near a washroom but they found us and thrashed us again. We were scared as all of us were injured," he said on Wednesday at Tirth Ram Hospital here, where he was taken after he managed to call DCP North Anto Alphonse.
'As long as people are eating we will be there,' Rebel Foods CEO Jaydeep Barman tells Viveat Susan Pinto and Niraj Bhatt.
This is the second investment by General Atlantic in a subsidiary of Reliance Industries, following a Rs 6,598.38 crore investment in Jio Platforms announced earlier this year.
While law-abiding customers are harassed for KYC and have to comply with endless paperwork even to open and close accounts, DHFL could easily open nearly 260,000 fake home-loan accounts, reveals Debashis Basu.
'One good thing that has come out of all this is that it shown people that online ordering is the way forward.'
If an Indian born player with valid Indian passport thinks that he can play football, then All India Football Federation's Chief operating officer (COO) for the FIFA U-17 World Cup, Abhishek Yadav is looking for you.
The 10-day Ganesh festival began on Saturday under the shadow of the coronavirus pandemic, with devotees restricting celebrations to their homes and using online platforms to get 'darshan' of the Lord at temples, amid strict COVID-19 restrictions imposed by governments.
Nokia has managed to enter the top-five list in the feature phone market within six months of its comeback
While Yatra is building a digital services platform to offer skill development training and sourcing solutions to corporate, Thomas Cook has partnered ICMR-accredited labs to offer Covid-19 certification, and MakeMyTrip is offering chartered flight services.
'There will be two to three months of containment, and when there is normalcy, the risk is a relapse and a return to lockdowns.'
This is for the first time that the US has slammed sanctions against an ISIS leader in India.
The Union Cabinet on Wednesday approved 'Mission Karmayogi', dubbed as the biggest bureaucratic reform initiative, aimed at capacity building of government employees to make them more "creative, proactive, professional and technology-enabled". The core guiding principles of the competency-driven programme will be to support a transition from "rules based to roles based" HR management to prepare the Indian civil servant for the future, according to a government statement.
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