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BHARATPE ADJUSTED PROFIT
Urban Company, Boat IPOs; India's first semiconductor chipUrban Company, Boat get IPO nods, this and more in today's ETtech Top 5- BharatPe announces two senior role appointmentsRajesh C has been appointed head of finance, and Himanshu Nazkani will lead investments at the fintech company.
- Taxman eyes crypto code; China stalls India tech JVsWe’ve got fresh details on India’s crypto regulation push, plus a look at China’s tech deal delays. This and more in today's ETtech Top 5.
- BharatPe to raise funds before IPO, listing not on card this fiscal: CEO Nalin NegiBharatPe, last week, announced that it had achieved operational profitability after excluding the employee stock ownership plan. The compan...
- Top tech and startup stories this weekWelcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look.
- TCS rolls out pay hikes; Paytm trims headcount in FY25Weeks after announcing massive layoffs, TCS said it will raise salaries for 80% of its workforce. This and more in today’s ETtech Top 5.
- BharatPe turns profitable, reports adjusted profit before tax of Rs 6 croreET reported on August 1 that the company is expecting to report a profit before interest, taxes, depreciation and amortisation in its fisca...
- PhonePe’s 5% dilemma: Payments still dominate revenue as it gets IPO-readyPhonePe, backed by Walmart, is preparing for an IPO. The company's revenue heavily depends on its payments business. Financial services con...
- Oyo may pause IPO plans; GSV Ventures' Deborah Quazzo on Byju's and edtechOyo's initial IPO attempt hit a snag in January 2023 when the regulator sent its papers back for revisions. Following this, the SoftBank-ba...
- Ashneer Grover, wife stopped at Delhi airport; Walmart’s Q3 report cardBharatPe’s embattled cofounder Ashneer Grover and his wife Madhuri Jain were stopped at the Delhi airport from travelling to New York. This...
- Govt notifies Angel Tax rules for startups; Zerodha’s FY23 revenues & profits soarThe government notified the new Angel Tax rules on Tuesday, retaining the five valuation methodologies suggested in the draft rules. The ru...
- Turmoil at Byju’s highlights hurdles for India startup sceneAlready stuck in a 15-month funding slump, India’s young companies are in danger of becoming collateral damage to the country’s highest-pro...
- ETtech Deep Dive: inside the changing VC deal terms as easy startup funding era endsSanjay Pathak was astonished by the venture capitalist’s ask. A cofounder of the New Delhi-based dental-aligner manufacturing upstart 32 Wa...
- Bhavik Koladiya sues Ashneer Grover; govt extends feedback deadline for draft gaming rulesKoladiya founded the fintech firm in 2017 with Shashvat Nakrani, his schoolteacher's son. In 2018, they began searching for a chief executi...
- Amazon reassessing some India experiments: Manish Tiwary; US tech layoffs may increase demand for EB-5 visasTiwary added that the technology giant would double down on its investments business-to-business (B2B) marketplace, pharmacy, grocery and s...
- Exclusive: Flipkart readies $700M Esop buyback; Noise eyes overseas marketsWalmart-owned Flipkart, known for regularly buying back employee stock options, is likely to execute the mother of all buybacks – a $700 mi...
- Uber likely to sell 7.8% Zomato stake today; Foxconn expands TN factoryUber said in its earnings report on Tuesday that it had suffered an unrealised loss of $245 million on its investment in Zomato during the ...
- Jhunjhunwala, top funds hold this stock. Yet, it goes abegging below book valueAt Rs 87 apiece on Tuesday, the stock traded at 1.08 times book value compared with 5.39 times for bigger peer Kotak Mahindra Bank, 4.08 ti...
- Stocks in the news: ICICI Bank, HDFC Bank, Polycab, Info Edge, RIL and VedantaInfo Edge, Oil India, Bharat Dynamics, TCNS Clothing, Jaiprakash Associates and VST Tillers Tractors will announce their March quarter resu...
- ETtech Evening Briefing on Feb 11, 2021: Koo app’s Indian investors, Facebook’s Clubhouse cloneKoo app has brought on a clutch of Indian investors even as its Chinese backer is in the process of an exit. Clubhouse, the invite-only “so...
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