According to sources who spoke to Entrackr, the terms of the deal have already been finalised. "Prosus will acquire a $60 Mn stake in Rapido. The terms of the deal have been finalized, and it will also enable partial exits for early backers," said one source. Another insider familiar with the development said that this $60 million round would mark the conclusion of Rapido's Series E funding. Despite the investment, there are no expected changes to the company's current valuation.
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Former US President Jimmy Carter passes away
Jimmy Carter, the 39th US president and the third American head to make a trip to India, during which a village in Haryana was named Carterpuri in his honour, has died peacefully at his home in Plains, Georgia surrounded by his family.
Focus Remains on Systemic Stability: Guv
Facing criticism from the government over the central bank prioritising inflation over growth, the new RBI Governor Sanjay Malhotra on Monday said that prospects of the Indian economy are expected to improve on the back of high consumer and business confidence in 2025.
ECONOMY RESILIENT, GDP TO GROW AT 6.6% IN FY25: RBI
Financial Stability Report of the central bank sees foodgrain prices softening on the back of bumper kharif harvest and rabi crop prospects
Bad Loans Ratio at 12-Year Low of 2.6%
The Reserve Bank on Monday said the asset quality of banks improved further.
Punjab bandh: Normal life hit as rail, road traffic crippled
Punjab witnessed a near-total shutdown on Monday as thousands of passengers endured severe hardships as the rail and road traffic were paralysed due to the Punjab bandh call given by Samyukta Kisan Morcha (Non-political) and Kisan Mazdoor Morcha.
AAP Promises Temple, Gurdwara Priests in Delhi Rs 18,000 a Month
Pujaris and granthis are an important part of our society... For the first time in the country, we are introducing a scheme to support them
Chandrababu Richest CM, Mamata Poorest, Says ADR
Andhra Pradesh Chief Minister N Chandrababu Naidu is the richest chief minister in India with assets worth over Rs 931 crore, while West Bengal's Mamata Banerjee is the poorest with just Rs 15 lakh, according to an Association for Democratic Reforms (ADR) report released on Monday.
Space-docking: Related spacecraft separated successfully
Two spacecraft that would aid ISRO in demonstrating space docking, a critical technology for future space missions got separated successfully and were placed into the desired low earth orbit late on Monday night, ISRO said.
MELBOURNE TEST EVENLY POISED, ALL THREE RESULTS POSSIBLE
The Australian Nathan tailenders, Lyon, Scott Boland, and skipper Pat Cummins continued to frustrate India sustaining the pace attack, and took the total lead to 33 runs at the end of Day Four of the 4th Border-Gavaskar Test in Melbourne.
Rohit Sharma loses it on field as Yashasvi Jaiswal misses three catches
The young batter's woes continued as he dropped a third catch while fielding at silly point, allowing Pat Cummins to escape after a delivery from Ravindra Jadeja slipped between his legs.
