Baron Capital cuts Swiggy's valuation for second time in 3 months
Swiggy investor Baron Capital cut the food delivery firm's valuation by 10% on March 31, 2023. The US fund holds about 0.75% stake in the company.
Source: yourstory.com
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Ola Electric to seek valuation of $10B in IPO, likely to file DRHP by next quarter
Ola Electric has begun discussions with Goldman Sachs, Kotak, Citi, and Axis Bank to help underwrite its IPO, according to a source in investment banking.
Source: yourstory.com
MSMEs no longer need Aadhar authentication for Udyam registration
This decision by the Ministry of MSME is aimed at encouraging informal micro-enterprises, which were earlier unable to get registered on the Udyam Registration Portal (URP) due to a lack of mandatory required documents.
Source: yourstory.com
BSNL rolls out 4G; to be upgraded to 5G by year-end, says Ashwin Vaishnaw
BSNL has placed an advance purchase order of over Rs 19,000 crore with Tata Consultancy Services and ITI Limited for the deployment of a 4G network, comprising more than 1.23 lakh sites.
Source: yourstory.com
Constant innovation is the only real solution for longevity of ventures: MoS IT
Rajeev Chandrasekhar, Minister of State for IT and Electronics, said, every element of tech space today is filled with entrepreneurship success stories and capabilities.
Source: yourstory.com