[ad_1] Five of the most-hyped technology initial public offerings in India over the past 16 months have floundered since listing, shedding more than $18 billion in value. Concerns over valuations and rising global rates have taken the biggest toll on the parent of payments firm Paytm. The other victims include delivery startup […]
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[ad_1] State-owned Life Insurance Corporation (LIC) reported a multifold increase in net profit during July–September (Q2) of FY23. This is due to a change in its accounting policy, wherein it has transferred Rs 14,271.80 crore to the shareholders’ account from the non-participatory account. Net profit in Q2 stood at Rs 15,952.49 […]
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[ad_1] Udaan is laying off 350 employees, or 10 per cent of its workforce of 3,000, as India’s largest business-to-business e-commerce firm targets profitability, according to people familiar with the development. The e-commerce firm, which plans an initial public offering (IPO) in 12-18 months, is laying off people across department functions in […]
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