The online drugs and medical services startup made some costly acquisitions in a bid to pull off an IPO at a high valuation. That plan may be coming unstuck.
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The food and grocery delivery company’s idea of providing prescription drugs in 10 minutes is facing resistance from traditional pharma players.
The flop show of the super app Tata Neu isn’t the biggest problem for Tata Sons chairman N Chandrasekaran. The new CEO he has now picked has more fundamental issues to fix.
The announcement of a rights issue seems to be little more than a last-ditch attempt to get existing investors to put in money and help clear urgent current liabilities that could land the founders in prison.