The ongoing chip shortage is likely to moderate passenger vehicle sales growth to 11-13 per cent this fiscal, down from the earlier volume growth forecast of 16-17 per cent, delaying the industry recovery as the waiting period is increasing amid strong demand due to production curbs, says a report. The semiconductor shortage will lead to … Read more
The Company has denied allegations of a whistleblower on undue advantage to the promoters at Company’s expense and provided the necessary clarifications. The allegation – Reports surfaced in media that a whistleblower has made a complaint that Asian Paints (APL) entered into a transaction with one of it’s ex-employees Jayram Nadkarni and the company founded … Read more
HDFC Life has been an under performer for last 2 years – in October 2019 it reached a high of Rs 644 and is currently trading at a price of about Rs 690. There are multiple reasons for the underperformance including Covid related concerns on the life insurance business as well as factors specific to … Read more
Tiger and SoftBank have jointly invested in 37 VC rounds so far this year, up from 12 in 2020. Tiger is also one of SoftBank’s biggest shareholders, someone familiar with the matter told Insider. But the bigger reason the two are collaborating more is because founders now hold the cards. Tiger Global and SoftBank Group … Read more
PayPal Inc said it is not pursuing an acquisition of Pinterest Inc at this time, after several media reported last week that it was in talks to buy the digital pinboard site for as much as $45 billion. The latest development, which dashed the prospect of Pinterest getting access to PayPal’s massive user base, … Read more
Fintech unicorn start-up Groww’s valuation has reached $3 billion after a fundraise of $251 million, led by ICONIQ Growth, including participation from investors like Alkeon, Lone Pine Capital, Steadfast, and existing investors. The platform, which can be used to invest in direct mutual funds, stocks, ETFs and IPOs, currently has more than 20 million … Read more
Tesla CEO Elon Musk has trolled Apple CEO Tim Cook on Twitter over Apple’s new $19 cleaning cloth. In celebration of Apple’s new store in Istanbul, Cook tweeted on Friday: “Introducing Apple Bagdat Caddesi, our beautiful new store in Istanbul. We’re glad to be a part of this vibrant community and we can’t wait to … Read more
Surprises continue at ICRA – N Sivaraman, MD & CEO, who had joined ICRA just a year back in July 2020, has resigned with immediate effect citing personal reasons. He had joined ICRA from IL&FS, where he was Chief Operating Officer with responsibilities for asset monetisation, creditor engagement and loan restructuring. It’s worth noting here that … Read more