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PROSUS TRADING LOSS
PM Modi’s high stakes push for sovereign AI faces reality checkIndia is striving to build its own artificial intelligence capabilities, aiming for self-reliance and global export. However, the nation fa...- Rapido looks to close $550 million in financing as Swiggy ends rideOn Tuesday, Swiggy informed the stock exchanges that it is offloading its 11.8% holding in Rapido to Prosus and WestBridge Capital for abou...
- Groww’s $160 million tax payout; PhonePe’s losses fallDespite a significant growth in revenue, Groww posted a net loss in FY24. This and more in today’s ETtech Top 5.
- Prosus writes off Byju's stake; Swiggy, PayU India report cardDutch investment major Prosus said its investment in Byju’s is worth zero. This and more in today’s ETtech Top 5.
- Tata Tech’s blockbuster market debut; Elon Musk attacks advertisers for boycotting XTata Technologies made a blockbuster debut on the stock markets today, listing at an impressive premium of 140% over its IPO price of Rs 50...
- Prosus reports $2 billion in core earnings, sees ecommerce profitability earlierCore headline earnings for the six months ended September 30 were $2 billion, from $1.1 billion in the same period a year earlier, in line ...
- Prosus & Naspers CEO Bob van Dijk steps down abruptly; Zomato hits 52-week highIt’s been a day for top-level exits. The really big one: Bob van Dijk, CEO of Dutch-listed technology investment firm Prosus and its parent...
- CarTrade to acquire OLX India’s auto business for Rs 537 croreIn a stock exchange filing on Monday, CarTrade said that it will acquire 100% stake in Sobek Auto India Pvt Ltd, the entity which houses OL...
- PayU India income rises to $399 million, revenue growth slowsEven as overall income saw a bump, PayU India’s revenue growth rate slowed from the 42% witnessed in FY22.
- Prosus reports 80% jump in Swiggy's Jan-Dec loss, 26% growth in food-delivery GMVProsus, which has backed companies such as Byju’s, PharmEasy and Eruditus, holds a 33% stake in Bengaluru-based Swiggy.
- Dutch tech investor Prosus to end cross-holding with parent NaspersThe cross-holding had been set up in 2021 via a share swap deal under which Prosus issued new shares to buy a 45.4% stake in Naspers, effec...
- Prosus posts $617 million ecommerce trading loss, H2 sees improvementNet profit fell to $10 billion from $18.6 billion, mostly due to a worse performance by Chinese software giant Tencent, in which Prosus own...
- Swiggy appoints Sahil Barua, Mallika Srinivasan, Shailesh Haribhakti as independent board directors“We’re very excited about bringing on Mallika Srinivasan, Shailesh Haribhakti, and Sahil Barua to Swiggy’s board of directors,” said CEO Sr...
- Swiggy's losses more than double at Rs 3,628.90 crore in FY22Swiggy's revenue grew 2.2 times to Rs 5,705 crore during FY22 as opposed to Rs 2,547 crore in FY21.
- Prosus reports strong growth in Swiggy, Instamart, PayU in 2022The figures for Swiggy are from January to June, while PayU’s are from April to September; Prosus has also changed its accounting policy fo...
- Swiggy, PayU seeing strong growth, says Prosus; Sebi move jolts fund industryProsus, the Dutch-listed arm of South African technology investor Naspers, said on Wednesday that Swiggy and PayU, its food-delivery and pa...
- Just Eat Takeaway soars on $1.8 billion iFood stake sale to ProsusProsus will pay 1.5 billion euros in cash and up to 300 million euros more for Takeaway's 33% stake in iFood.
- Prosus reports strong growth in India; ASCI flags over 400 crypto ads in five monthsLast year, Prosus NV invested more than $1.03 billion in various Indian startups, including Swiggy, Byju’s, Eruditus and Meesho. Now, the D...
- SoftBank breaks profit recordsIn today's ETtech Top 5 newsletter: SoftBank has clocked the highest ever profits for a Japanese firm, eBay taps into the phenomenon that i...
- European stocks scale all-time highs with miners in the leadThe pan-European STOXX 600 rose 0.5 per cent by 0720 GMT, adding to gains made earlier this week when the index erased all of its pandemic-...
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