Money

Business and Finance

Kunal Shah's Cred looks to raise another $75-100 million in fresh funds: ET report

While Cred was valued at just $75 million in 2018, there are indications that the startup’s valuation could leapfrog to $300 to $400 million, a four-to-five-fold jump.

Mindtree's board defers share buyback decision amid L&T’s hostile takeover bid

Mindtree said that the meeting has been adjourned to a future date following detailed discussions.

Walt Disney now owns Star India after acquiring Fox for $71 billion

The deal also makes Disney the owner of Tata Sky and Endemol Shine Group.

Jet's lessors offer 50 of its grounded Boeing aircraft to SpiceJet

The development has reportedly been received optimistically by SpiceJet which had to ground 12 of its 737 Max 8 aircraft due to government's safety restrictions.

Govt tells airlines to increase capacity to keep fares from spiralling

This came after the DGCA met all the airlines as it undertakes sector-specific reviews on price hike in light of the Boeing 737-MAX ban.

L&T's hostile takeover bid of Mindtree, explained

While L&T maintains that this isn’t a hostile takeover and that Mindtree will be run as an independent company, Mindtree promoters strongly oppose the takeover bid.

Mindtree opposes L&T’s takeover bid, says customers will stall all future business

While the three co-founders posed questions to L&T, they said all decisions for further action will be taken only after the company’s board meeting on Wednesday.

Govt asks state-run banks to rescue Jet Airways from bankruptcy: Report

Cash-strapped Jet Airways has been forced to ground over 40 aircraft of its fleet due to non-payment of dues to lessors.

Mindtree will remain an independent company: L&T CEO

SN Subrahmanyan said that the logic behind acquiring Mindree is to expand its services business and not to integrate it with L&T Infotech.

Mukesh Ambani clears brother Anil's Ericsson dues, saves him from jail term

Anil Ambani thanked Mukesh Ambani and Nita Ambani for their support regarding payment of dues to Ericsson.