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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Indian banks have been allowed to fund M&As, but the framework will matter as much as the opportunity.
Last week, the Reserve Bank of India (RBI) announced that it would permit banks to finance acquisitions by Indian companies, ending a long-standing prohibition on most bank-led takeover lending. Governor Sanjay Malhotra framed this as part of a broader policy change intended to support growth in an environment of easing inflation; the central bank’s Monetary Policy Committee (MPC) had observed that “the overall inflation outlook has turned even more benign”, opening up “policy space for further supporting growth”.
Among the many developmental measures announced on Wednesday, the RBI said it would “provide an enabling framework for banks to finance acquisitions …
Believing education is the key to success, Unacademy raised $880 million and reached a $3.4 billion valuation, only to crash 90%. Its co-founder and CEO gets candid about the state of the startup and Indian edtech.
The seafood marketplace’s rapid global expansion has lifted the top line, but left it with rising debt, weak cash generation, and uneven returns.
The central bank’s shift to a 100% collateral requirement threatens to erode leverage, reduce volumes and force a consolidation across prop desks.
