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Hyundai Said To Be Considering One Of India's Biggest Ever IPOs

Baiju Kalesh and Manuel Baigorri, Bloomberg | Tuesday February 06, 2024

Hyundai Motor Co. is considering an initial public offering for its India unit that may raise about $2.5 billion, according to people familiar with the matter, potentially making it one of the biggest listings ever in the South Asian country.

What Went Wrong With Byju's, Which Was Once Valued At $22 Billion

Edited by Abhimanyu Kulkarni | Tuesday February 06, 2024, New Delhi

Byju's, run by billionaire CEO Byju Raveendran, was the poster child of India's startup ecosystem. But in the last year, the company's valuation has seen a sharp decline with several of the company's investors now calling for leadership change.

Jio Financial Denies It Is In Talks To Acquire Paytm's Wallet Business

Edited by Aditi Gautam | Tuesday February 06, 2024, New Delhi

Jio Financial Services Ltd has denied that it had not been in talks with Paytm to buy its wallet business amid a crackdown by the Reserve Bank of India (RBI) over violation of norms.

Wall Street Snubs China For India In A Historic Markets Shift

Srinivasan Sivabalan, Chiranjivi Chakraborty and Subhadip Sircar, Bloomberg | Tuesday February 06, 2024

A momentous shift is under way in global markets as investors pull billions of dollars from China's sputtering economy, two decades after betting on the country as the world's biggest growth story.

Adani Total Gas, INOX India Tie Up To Boost Country's LNG Ecosystem

NDTV News Desk | Monday February 05, 2024, New Delhi

Adani Total Gas Ltd and INOX India Ltd (INOXCVA) have entered into a mutual support agreement, under which they will mutually accord a "preferred partner" status for the delivery of LNG and LCNG equipment and services.

Paytm Denies Facing Money Laundering Probe Amid RBI Crackdown

Edited by Aditi Gautam | Monday February 05, 2024, New Delhi

The Paytm Payments Bank today dismissed the report that it was facing an investigation by the Enforcement Directorate (ED) over money laundering charges.

"Been Moving Mountains": BYJU's Founder Emails Staff Over Delayed Salaries

NDTV News Desk | Monday February 05, 2024

BYJU's has paid January salaries to its employees after reports suggested the ed-tech firm would delay payments for the month.

How Foreigners Can Invest In Indian Share Market

Reuters | Monday February 05, 2024

Indian stock markets have become the fourth largest in the world, overtaking Hong Kong's, as investors flock to a fast-growing alternative to China's floundering stock indexes.

Adani Group's $1.2 Billion Copper Plant To Boost India's Metal Production

NDTV News Desk | Sunday February 04, 2024

Billionaire Gautam Adani-led group is building the world's largest single-location copper manufacturing plant at Mundra in Gujarat. The plant will help cut India's dependence on imports and aid energy transition.

Switch To Other Apps From Paytm, Traders' Body To Businesses: 10 Points

Reported by Himanshu Shekhar Mishra, Edited by Debanish Achom | Sunday February 04, 2024, New Delhi

The Confederation of All India Traders (CAIT) has asked traders to switch from Paytm to other payment apps, after the Reserve Bank of India (RBI) ordered Paytm Payments Bank to stop services from February 29 over alleged violations of norms.

Startup Rockstar, Paytm CEO Vijay Shekhar Sharma, Battles Regulatory Crisis

Reuters | Sunday February 04, 2024

A rags-to-riches tale, Vijay Shekhar Sharma is no stranger to controversy. Now, India's startup king faces arguably his biggest crisis in a race to save his revolutionary digital payments firm that had once counted Warren Buffett as a backer.

1,000 Accounts, 1 PAN: How Paytm Payments Bank Came Under RBI's Radar

Edited by Abhimanyu Kulkarni | Sunday February 04, 2024, New Delhi

Hundreds of accounts created on Paytm Payments Bank without proper identification were one of the major reasons for the Reserve Bank of India to impose stringent curbs on the company.

Did Paytm Payments Bank Launder Money? Enforcement Directorate To Probe

Reuters | Saturday February 03, 2024

India's financial crime fighting agency will probe Paytm Payments Bank if any fresh charges of fund siphoning are found, Revenue Secretary Sanjay Malhotra told Reuters on Saturday.

"Public Confidence In PM's Leadership", Nirmala Sitharaman Tells NDTV: Full Interview

NDTV News Desk | Saturday February 03, 2024, New Delhi

In her first post budget interview to the NDTV Network, Finance Minister Nirmala Sitharaman reflected on the confidence the people have in Modi Government 2.0.

Why No Mention Of Fuel Tax Cut In Budget? Revenue Secretary Explains

Reported by Himanshu Shekhar Mishra, Edited by Shatabdi Chowdhury | Friday February 02, 2024, New Delhi

Finance Minister Nirmala Sitharaman did not announce a cut in excise duty on petrol and diesel while presenting the interim Budget in Parliament yesterday.