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Klarna shares crashed 26% after $26 million Q4 loss — here’s what spooked buy now, pay later investorsKlarna shares crashed 26% after $26 million Q4 loss. One year ago, it earned $40 million profit. Revenue hit $1.08 billion — a record high....- "Most excited about industrials & traditional manufacturing in India for our investments": Anuj Ranjan, CEO Brookfield PEBrookfield Private Equity CEO Anuj Ranjan states the era of easy money is over, emphasizing operational improvements for business resilienc...
- JPMorgan expands tech team with four veteran bankers from BofA, Goldman, LazardJPMorgan is strengthening its technology investment banking team with key hires from Goldman Sachs, Bank of America, and Lazard. The expans...
- Payments firm Klarna files for $1 billion IPO, targets $15 billion valuationKlarna had net income of $21 million on revenue of $2.81 billion for 2024, compared with net loss of $244 million on revenue of $2.28 billi...
- Exclusive: India mulls new valuation norms for angel tax; Amazon, Samara eye stake sale in More RetailIndia is considering using valuation criterion established by the Foreign Exchange Management Act (FEMA) for angel tax on foreign investmen...
- Exclusive: Big payday for PhonePe founders; key takeaways for tech, startups from Eco Survey 2023To kick start the day, we have a packed edition of the ETtech Morning Dispatch. Bunch of stories on what the Economic Survey 2023 recommend...
- Curbs on E-Wallet lending signal more regulatory tightening: FitchThe RBI’s clarification that prepaid payment instruments (PPI) - a licensing category that includes e-wallet operators in India - can only ...
- Consumers and companies are buying in on paying laterThe option to buy now and pay later has soared in popularity, accelerating last year as consumers bought almost everything online at the st...
- Worldpay Group Ltd valued at $7.4 billion in London listingWorldpay Group Ltd has priced its listing on the London Stock Exchange at 240 pence per share, valuing the business at 4.8 billion pounds (...
- India ranks 83rd on UN index assessing e-commerce readinessThough China is 63rd in the UNCTAD-formulated index, it is already the world's largest B2C market measured both by the revenue and the numb...
- Eight charged in US in global credit card fraud ringA grand jury in the southeastern state of Atlanta indicted eight people Tuesday in a credit card fraud ring that stole nine million dollars...
- Weak security enables credit card hacks
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