VSS NETWORKS
Our core business has dramatic profit opportunity: Vijay Shekhar Sharma
One thing Davos is telling us is that world looks up to India as the next growth engine on a dramatically more serious way than we could have thought.
Amendments to IT Rules ‘coming soon’; Microsoft backs Travis Kalanick’s startup
Over the next few months, the government will also come out with laws and rules on the national data governance framework and Digital India Act, and reintroduce a new data protection bill in Parliament, Chandrasekhar said at an event organised by the US-India Business Council.
Paytm grants four million new Esops; bitcoin hits 10-month low
Bitcoin fell to its lowest level since July 2021 on Monday as slumping equity markets continued to hurt cryptocurrencies, which are currently trading in line with so-called riskier assets like tech stocks.
BharatPe’s Grover resumes battle with Koladiya; Indian crypto suffers liquidity crunch
Grover also recently wrote to the board on the issue of Koladiya’s alleged stake in the firm, asking it to remove him from the company at once. If they didn’t, Grover said, he would ask the Reserve Bank Of India to revoke BharatPe's banking licence and scrap its application for a payment aggregator licence.
Paytm sticks its neck out; Swiggy, Zomato take enforced lunch break
Paytm’s parent firm One97 Communications is looking to break even on earnings before interest, taxes, depreciation, and amortisation (Ebdita) by end of September 2023, its founder Vijay Shekhar Sharma wrote to shareholders.
Paytm Payments Bank denies it leaked data to China; Trell to lay off hundreds of employees
Bloomberg reported that the RBI acted against Paytm Payments Bank as it had allegedly leaked data to entities in China. The company has refuted the allegation.
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ET Startup Awards Special
Flipkart group CEO Kalyan Krishnamurthy said the ET Startup Awards celebrated the spirit of entrepreneurship, renewed energy and enthusiasm. Shashank Kumar, cofounder of Razorpay, said the awards "provided a great opportunity to meet and connect with startup founders in person after a very long time".
Paytm IPO & changes in its insurance biz; Delhivery's valuation may reach $5B
Paytm's upcoming initial public offering (IPO) — touted as the largest ever in India — is set to value the firm at about $19.5-$20 billion when it opens for subscription next month.
Paytm founder Vijay Shekhar Sharma to self-finance stake increase in insurance biz
One97 Communications founder Vijay Shekhar Sharma and two of his holding companies — VSS Holdco and VSS Networks — together will own close to 66% in Paytm Insuretech and Swiss Re almost the rest.
Why Paytm needs a partner
Paytm, which has been trying to acquire Raheja QBE General Insurance Company for a year, is now looking for a partner for its general insurance business in the hope that this will speed up regulatory approvals.
Reliance Retail-Just Dial deal: Open offer disappoints yet analysts bullish
A few brokerages have turned bullish on the stock, as they feel Reliance's parentage would soon bring in a differentiated advantage to the local search engine platform.
Red herring, red flags: Top 10 takeaways from Paytm’s draft IPO filing
Paytm has filed its much-awaited draft red herring prospectus for a Rs 16,600 crore initial public offering (IPO). Here are 10 key takeaways from the filing.
Paytm files for biggest Indian IPO in at least a decade
Paytm parent One97 Communications has filed a draft red-herring prospectus (DRHP) with Sebi to raise Rs 16,600 crore ($2.2 billion) in what will be the biggest Indian initial public offering (IPO) in at least a decade.
Reliance goes shopping again, discovers Just Dial, acquires controlling stake in $700-million deal
Just Dial will also be making a preferential allotment to Reliance Retail at Rs 1022.25 share to infuse Rs 2164.88 crore into the company, or around 25.33 percent stake and capitalise its operations and take on competition. Justdial is the market leader in local search engine segment with nearly 150 million average quarterly unique visitors across multiple platforms like mobile, apps, website and 8888888888 telephone hotline.
Reliance dials 8888888888 to shop for Justdial
Just Dial has called for a board meeting on Friday July 16 to “evaluate” fund raising proposals. A formal announcement is expected today.
Reliance dials 8888888888
From Reliance eyeing Justdial to WhatsApp escaping EU ban and India proposing simplified drone rules, here's a quick look at the top tech news today.
Paytm's Rs 740-crore loan to founder
Paytm, slated to go public in November, plans to loan Rs 740 crore to its founder Vijay Shekhar Sharma to fund his purchase of an insurance firm. Its shareholders will vote on the proposal on June 30.
Internet-based video surveillance systems installed at 269 stations, says Railways
This was done after a Railway Board order asked the public sector unit to provide these surveillance systems at all A1, A, B, C, D and E category railway stations, coaches of premium trains and suburban electric multiple unit trains.
Startups: Why the venture studio model is here to stay
The venture studio (VS) is an organisation that creates startups in-house by providing a mix of initial capital, founding entrepreneur or team, and resources to find a product-market fit in an accelerated timeframe.
Cafe Coffee Day's Siddhartha's suicide is heartbreaking for entrepreneurs: Paytm’s Vijay Shekhar
A whole generation of internet entrepreneurs have small-town roots and hunger to build something successful.
After stations, railways to install CCTV cameras, wifi connections at its hospitals
In a set of instructions sent to the general managers of all the zones on September 14, the Railway Board has asked them to ensure that these systems are put in place.
Online education venture UpGrad rolls out course on entrepreneurship
The course will provide clarity on the way ahead for the entrepreneurial journey, through live lectures, case studies, group assignments and real-life application.
Ronnie Screwvala’s online education venture UpGrad is launching a course in entrepreneurship
UpGrad, in which Screwvala plans to personally invest Rs 100 crore over the next two years, will also launch courses for new tech economy.
Excited about business going ahead: VSS Mani, JustDial
'We are pretty comfortable with the direction that the company is heading in right now and the trends looks good'
5 points for entrepreneurs to remember while choosing a venture capitalist to fund their start-ups
It’s vital for entrepreneurs to be choosy about whom — and under what terms — they accept funds from.
Nokia Siemens Networks to shut down Kolkata telecom factory on July 31
Telecom equipment-maker Nokia Siemens Networks (NSN) will close down its fixed-line manufacturing facility in the city from July 31.
Meet entrepreneurs who faced the dotcom bubble burst and relaunched their businesses
ET lists a few gritty entrepreneurs who faced the dotcom bubble burst and relaunched their businesses later with modifications to suit the evolving marketplace.
Siemens to set up tech park in Bengal if NSN shuts down Kolkata telecom unit
Germany's Siemens AG plans to set up a sprawling tech park on the site of Nokia Siemens Networks' landline products unit in Kolkata.
West Bengal fights to keep Nokia Siemens city facility alive
Bengal govt wants Nokia Siemens to shift some of its mobile network gear production lines from its Chennai plant to Kolkata.
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