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Alteria Capital invests Rs 80cr of venture debt in LendingKart

Alteria Capital has invested Rs 80 crore in LendingKart in one of the largest debt ventures ever provided to an Indian firm. LendingKart Finance is a technology driven financial services company that helps MSME’s grow their business through digital lending. It has offices in Ahmedabad, Bengaluru and Mumbai...
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In Wipro’s post-Azim Premji era, Rishad has his task cut out

Azim Premji | Chairman, Wipro | Net worth: $21 billion (Image: Reuters) That Rishad Premji thinks differently was evident during his tenure as the Chairman of the trade body National Association of Software and Services Companies (NASSCOM). Rishad, the elder son of outgoing Wipro Executive Chairman Azim Premji, who will take...
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FinMin reworking strategic sale procedure for CPSEs

The finance ministry is reworking strategic sale procedure to ensure outright sale of CPSEs within 4 months of issuance of documents to potential investors, a move aimed at ensuring speedier conclusion of the entire process, an official said. However, for CPSEs like Air India, which are relatively bigger...
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UPL announces 26.75% stake buy in Allfresh

Agrochemical firm UPL May 10 said it has acquired 26.75 per cent stake in Allfresh Supply Management for Rs 9.24 crore in an all-cash deal. The deal will be completed by May 20, 2019 and will be subject to compliance of certain conditions, UPL said in a filing to the...
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Sasken Q4 net up 5.7%, announces Rs 170 cr buyback

Sasken Technologies on April 23 said its consolidated net profit grew 5.7 per cent to Rs 27.45 crore in the March 2019 quarter and announced a buyback programme of up to Rs 170 crore. The company, which had posted a net profit of Rs 25.98 crore in the March...
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Facebook rolls out ‘Candidate Connect’ feature

Social media major Facebook on Tuesday launched a feature ‘Candidate Connect’ through which Lok Sabha candidates can record their poll promises in 20-second videos. “We actually think the greatest contribution that we can make is to help everybody be more informed. Candidate Connect is essentially a visual guide...
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