Adani Enterprises
Adani Green shares up 5% as Co becomes 10th largest on BSE
On Tuesday, the shares of the company settled 5.1 per cent higher at Rs 2,800. Notably, the Adani Group company became the 10th largest firm on the Bombay Stock Exchange in terms of market capitalisation. Commonly referred to as market cap, market capitalisation is the aggregate valuation of the company based on its current share price and the total number of outstanding stocks.
Pine Labs raises $50 million, to expand BNPL offering in Southeast Asia
Pine Labs serves large, mid-sized and small merchants across India and Southeast Asia, and is expanding its Buy Now Pay Later (BNPL) offering in Southeast Asia. "We aim to further strengthen our recent foray in online payments via Plural and take our Buy Now Pay Later (BNPL) offering to new markets through strategic collaborations," saidAB. Amrish Rau, CEO, Pine Labs.
Adani Wilmar at 10% upper circuit; shares doubled since listing
Adani Wilmar, a joint venture between Adani Enterprises and Wilmar International, is among the largest FMCG companies in India. The shares of the company have seen substantial rise since the war in Ukraine broke out, as it may hit India's sunflower imports. Russia and Ukraine are the major suppliers of sunflower oil to India. As per reports, Ukraine and Russia account for 70 per cent and 20 per cent sunflower oil imports to India.
Adani Group picks Google Cloud to boost digital transformation
"The inevitability and pace of cloud adoption mandates that every business redefine its business model. This provides new challenges and new opportunities that will not only be transformational but will also require new forms of industry collaboration, said Gautam Adani, Chairman, Adani Group.
At USD 49 billion, Gautam Adani added more wealth than Elon Musk, Jeff Bezos in 2021: Report
This net addition to his wealth is more than what top billionaires Elon Musk, Jeff Bezos and Bernard Arnault added, as per the 2022 M3M Harun Global Rich List released on Wednesday. “Gautam Adani, 59, is the biggest gainer in the M3M Hurun Global List 2022 and added USD 49 billion to his wealth last year… (this addition is) more than top three global billionaires such as Elon Musk, Jeff Bezos and Bernard Arnault,” the list said.
Razorpay acquires fintech startup IZealiant to empower banks
Fintech platform Razorpay on Wednesday announced to acquire IZealiant Technologies, a leading fintech startup that provides payments technology solutions for banks, for an undisclosed sum. The acquisition of Pune-based IZealiant, the fifth by Razorpay to date, will strengthen its banking solutions arm that builds innovative tech solutions for banks, the company said in a statement.
CredAvenue fastest Indian fintech unicorn after raising $137 mn
Debt marketplace CredAvenue on Sunday announced that it is India's fastest fintech to join the unicorn club with a Series B fundraising round of $137 million. The fundraising round was led by New York-based global private equity and venture capital firm Insight Partners, B Capital Group, and Dragoneer, with participation from existing investors. As a result, the company's post-money valuation has grown to $1.3 billion.
Ashneer tells BharatPe Board to do its actual job and stop vilifying him.
Ashneer Grover, who quit fintech platform BharatPe he co-founded amid serious allegations of financial wrongdoings against him and his wife, has hit back at the Board of the company, saying he is "appalled at the personal nature of the BharatPe Board's statement, but not surprised".BharatPe said it reserves all rights to take further legal action against him and his family.
Ashneer Grover resigns as BharatPe MD and Director
“I say with my head held high that today this company stands as a leader in the fintech world. Since the beginning of 2022, unfortunately, I’ve been embroiled in baseless and targeted attacks on me and my family by a few individuals who are ready not only to harm me and my reputation but also harm the reputation of the company, which they are ostensibly trying to protect,” Mr. Grover wrote in a letter to the board.
Fintech platform Propelld raises $35 mn to boost education finance biz
Currently employing around 150, Propelld plans to add another 100-150 employees over the next year across technology, business development and collections. The startup was founded in 2017 by IIT Madras trio of Bibhu Prasad Das, Victor Senapaty and Brijesh Samantaray, Propelld has tie-ups with over 550 educational institutes and is currently clocking an annual loan disbursal run rate of Rs 600 crore, it said in a statement.
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