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Business

PanAsiaBiz Business offers in-depth coverage of financial markets, economic policy, startup culture, and global commerce.

Explore expert analysis on corporate mergers, leadership changes, and the future of business innovation.

The Future Aakash IPO Of BYJU's Raises Debt Of Rs 2000 Crore

The Future Aakash IPO Of BYJU’s Raises Debt Of Rs 2000 Crore

May 13, 2023 Pragna Chakraborty 1

The IPO tied to Aakash Educational Services, Byju’s exam preparation business, has concluded a Rs 2,000 crore round from Davidson Kempner Capital in a structured credit transaction […]

India's Retail Inflation Eases To 4.7% While CPI Remains Within RBI Tolerance

India’s Retail Inflation Eases To 4.7% While CPI Remains Within RBI Tolerance

May 12, 2023 Pragna Chakraborty 1

According to figures provided by the Ministry of Statistics on Friday, May 12, India’s retail inflation slowed to an 18-month low of 4.70 percent in April on […]

Simon Thompson, The Chief Of Royal Mail, Steps Down

Simon Thompson, The Chief Of Royal Mail, Steps Down

May 12, 2023 Pragna Chakraborty 0

After a year-long dispute with employees over compensation and a disagreement about delivery, the Royal Mail’s CEO resigned on May 12. He showed his gratitude to his […]

Linda Yaccarino Might Become New Twitter CEO

Linda Yaccarino Might Become New Twitter CEO

May 12, 2023 Pragna Chakraborty 1

Elon Musk, the owner of Twitter, claimed on Thursday, May 11, to have hired a new chief executive officer (CEO) to lead the social networking […]

Indian Rupee Falls Below 80 Against Strengthening Dollars

Indian Rupee Surges Below 80 Against Strengthening US Dollar

May 12, 2023 Pragna Chakraborty 1

Due to the widespread rise in the dollar index, the Indian rupee declined on Thursday, May 11, moving closer to the almost two-week lows touched earlier this […]

FD Rates Of Bajaj Finance Reflected A Significant Hike Of 40 Basis Points

Bajaj Finance Offers Higher Returns on FDs With 40 Basis Points Rise

May 10, 2023 Pragna Chakraborty 0

The fixed deposit (FD) rates of Bajaj Finance, the lending division of Bajaj Finserv, increased by up to 40 basis points on Wednesday, May 10. The Plan […]

Foxconn Acquires 300 Acres of Land in Bengaluru

Foxconn Acquires 300 Acres of Land in Bengaluru

May 9, 2023 Pragna Chakraborty 0

Taiwanese electronics firm Foxconn, the largest contract electronics producer in the world and a major Apple iPhone assembler, revealed in a filing on Tuesday, May 9, that […]

Over 2 million 5G users in Mumbai avail the Airtel Service

Over 2 million 5G users in Mumbai avail the Airtel Service

May 9, 2023 Pragna Chakraborty 0

Airtel today, on May 9, stated that it had reached 2 million 5G consumers in Mumbai since its introduction in October of last year.  5G Coverage […]

The last Date Of Application For Voluntary Retirement At Air India has been Extended To May 31

Air India Extends Voluntary Retirement Deadline to May 31

May 9, 2023 Pragna Chakraborty 0

On Monday, May 8, Air India stated that it would extend the deadline for staff to apply for the Voluntary Retirement Scheme (VRS) till the end of […]

SpiceJet Gets Notice From NCLT Regarding Their Insolvency Petition

SpiceJet Gets Notice From NCLT Regarding Their Insolvency Petition

May 9, 2023 Pragna Chakraborty 1

On May 8, SpiceJet received a notification from the National Company Law Tribunal in response to a petition filed by aircraft lessor Aircastle (Ireland) Ltd that asked […]

Two Adani Companies Receive A Lowered Free Float From MSCI

Two Adani Companies Receive A Lowered Free Float From MSCI

May 6, 2023 Pragna Chakraborty 1

In its forthcoming May index review, the index provider MSCI said on Friday that it would reduce the free float percentages of two Adani Group […]

Go First's Plea Seeking For Insolvency Is Finally Heard By NCLT Bench

NCLT to decide on Go First’s voluntary resolution process amid aircraft repossession threat

May 5, 2023 Pragna Chakraborty 1

While aircraft lessors vehemently objected to the petition, the National Company Law Tribunal (NCLT) on Thursday, May 4, reserved order regarding the crisis-hit airline Go […]

Assets Worth Rs 143 Crore Of Manappuram Finance Chief Got Frozen By ED

Manappuram Finance Chief’s Rs 143 Crore Assets Frozen By ED

May 5, 2023 Pragna Chakraborty 0

Famous Kerala-based NBFC Manappuram Finance Ltd MD and CEO VP Nandakumar’s assets worth Rs 143 crore have been frozen by the Enforcement Directorate following raids […]

Outflows Upto $200Million From Merged HDFC Entity Can Be Expected Post MSCI Tweak

MSCI Tweak May Trigger $200M Outflows From HDFC

May 5, 2023 Pragna Chakraborty 0

The index provider revised the adjustment factor on May 5, contradicting Street expectations that HDFC’s combined company would command double the current weight in MSCI […]

Cognizant Cuts Cost By Firing 3,500 Of Its Employees

Cognizant Cuts Cost By Firing 3,500 Of Its Employees

May 4, 2023 Pragna Chakraborty 0

Cognizant, a primary provider of IT services, announced on Thursday, May 4, that it would let go of 3,500 workers, or around 1% of its […]

Carl Icahn Becomes The Next Target Of The Hindenburg Research

Carl Icahn’s empire crumbles after Hindenburg Research’s short attack

May 3, 2023 Pragna Chakraborty 0

US short-seller Hindenburg Research announced on Tuesday, May 2, that its most recent target for 2023 is Icahn Enterprises, a conglomerate in which activist investor […]

The American Airlines Pilots Back A Strike Mandate For Workforce Gains

The American Airlines Pilots Back A Strike Mandate For Workforce Gains

May 2, 2023 Pragna Chakraborty 1

Pilots in North America adopted new measures on Monday, May 1, to push for labor improvements, with Air Canada pilots endorsing a merger with a […]

Bharti Enterprises Concedes 51% Of Its Stake To Brookfield

Bharti Enterprises Concedes 51% Of Its Stake To Brookfield

May 1, 2023 Pragna Chakraborty 0

At an enterprise value of Rs 5,000 crore, international investment company Brookfield has finalized a deal to purchase a 51% stake in the four commercial […]

Aryan Khan's clothing brand D'YAVOL X

Aryan Khan’s clothing brand D’YAVOL X slammed for ‘outrageous’ prices; netizens ask ‘Who will buy?’

May 1, 2023 S Ranjita 2

Aryan Khan, the son of Bollywood superstar Shah Rukh Khan, recently launched his own clothing line called ‘Aryan’. The brand offers “premium quality” and “exclusive […]

JP Morgan Acquires The Struggling First Republic Bank

JP Morgan Acquires The Struggling First Republic Bank

May 1, 2023 Pragna Chakraborty 0

US authorities seized First Republic Bank on Monday, May 1, and a deal was struck to sell the bank to JPMorgan Chase & Co, making […]

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