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First Meeting of National Traders' Welfare Board held – Odisha Diary, Latest Odisha News, Breaking News Odisha

New Delhi,6th December: The first meeting of the National Traders’ Welfare Board (NTWB), constituted by the Department for Promotion of Industry and Internal Trade (DPIIT), was held on 5th December, 2023 at Vanijya Bhawan, New Delhi under the chairma
New Delhi Vanijya Bhawan Shri Sunilj Singhi Shri Sanjiv National Trader Welfare Board Department For Promotion Of Industry

Walmart-owned PhonePe calls off deal to acquire fintech startup ZestMoney

Walmart-owned digital payments firm PhonePe has decided to halt its proposed acquisition of Goldman Sachs- and Xiaomi-backed ZestMoney, a Bengaluru-based buy now, pay later (BNPL) platform. The deal, which was poised to fetch anywhere between $150-200 million and $300 million, has hit a snag over lapses in due diligence, disagreements over valuation, sustainability of the business, and shareholding structure of ZestMoney, according to people familiar with the matter. The collapse of the deal is ...
Peerzada Abrar Priya Sharma Lizzie Chapman Ashish Anantharaman Goldman Sachs Network For Digital
Source: rediff.com

Walmart-owned PhonePe calls off deal to acquire fintech startup ZestMoney

ZestMoney By Peerzada Abrar Lapses in due diligence, valuation disagreements, funding winter, tough regulatory environment, fintech slowdown being cited as reasons. Walmart-owned digital payments firm PhonePe has decided to halt its proposed acquisition of Goldman Sachs- and Xiaomi-backed ZestMoney, a Bengaluru-based buy now, pay later (BNPL) platform. The deal, which was poised to fetch
Peerzada Abrar Ashish Anantharaman Priya Sharma Lizzie Chapman Goldman Sachs Network For Digital

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NSDL acquires 5.6% stake in ONDC

NL Corresspondent Jammu Tawi: India’s leading Depository National Securities Depository Limited (NSDL) has acquired 5.6% stake in Open Network for Digital Commerce (ONDC) i.e. 10,00,000 equity shares of Rs. 100 each. NSDL invested an amount of Rs.10 Crore in ONDC under the private placement route. NSDL commands more than 89% of the market share in
Jammu Tawi India General Padmaja Chunduru Commerce Ministry National Securities Depository Limited Network For Digital

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