IPO-bound Rebel Foods raises funds from KKR
Financial Express Bengaluru|December 20, 2024
IPO-BOUND CLOUD kitchen firm Rebel Foods said on Thursday that global investment firm KKR has acquired a stake in the kitchen operator.
ANEES HUSSAIN

The deal, which is part of an extended Series G funding round, sees $60-70 million come in at a flat valuation of $1.4 billion, according to sources.

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Financial Express Bengaluru

India wary as Trump pulls US out of Pillar 2 tax deal

PRESIDENT DONALD TRUMP, through an executive order, declared on Tuesday that the 15% minimum global corporate tax deal has \"no force or effect\" in the US, effectively pulling the country out of the 2021 pact signed by around 140 countries.

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2 mins  |
January 22, 2025
Financial Express Bengaluru

Govt extends free tur import policy by one more year

THE GOVERNMENT ON Tuesday extended the duty-free import policy for tur or pigeon peas by a year, until March 31, 2026, according to a notification by the directorate general of foreign trade (DGFT).

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1 min  |
January 22, 2025
Financial Express Bengaluru

Asset Monetisation Scheme 2.0 with ₹2L-cr Annual Target Likely

WITH THE CURRENT National Monetisation Pipeline (NMP) programme set to end in March this year, the Centre may announce its next phase with an annual asset monetisation target of ₹2 lakh crore for the next four to five years to mobilise capital for investments and reinvestments.

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2 mins  |
January 22, 2025
Financial Express Bengaluru

Experts: Relax 20% pre-deposit rule for stay on I-T demand

IN A BID to free up working capital and ease the burden of businesses, tax experts have urged the government to relax the provisions of submitting a pre-deposit amount in case any business wishes to get a stay on an income tax demand, in the upcoming Budget.

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1 min  |
January 22, 2025
Financial Express Bengaluru

IT firms see shift to shorter deal cycles

DEAL CYCLES IN India's IT services sector are becoming shorter, even for large contracts—a trend analysts expect to continue in the coming quarters.

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2 mins  |
January 21, 2025
Financial Express Bengaluru

Land rules, payment delays hurt manufacturing: CEA

TOUGH RULES FOR land use and large firms' reluctance to clear dues to micro, small and medium enterprises (MSMEs) in time are hurting India's manufacturing and exports, chief economic advisor V Anantha Nageswaran said on Monday.

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1 min  |
January 21, 2025
Financial Express Bengaluru

RG Kar case 'not rarest of rare'; life term for convict

A court in Kolkata's Sealdah on Monday sentenced Sanjoy Roy to life imprisonment \"until his last breath\" for the rape and murder of a junior doctor at the state-run RG Kar College and Hospital.

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1 min  |
January 21, 2025
Financial Express Bengaluru

Zomato Q3 profit plummets, misses estimates

FOOD & GROCERY DELIVERY FIRM'S REVENUE ROSE 64% TO ₹5,405 CR; BLINKIT BOOSTS EXPANSION TO OUTPACE RIVALS

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3 mins  |
January 21, 2025
Financial Express Bengaluru

Nazara raises ₹495 cr from existing investors

GAMING AND ESPORTS company Nazara Technologies raised ₹495 crore through a preferential share issue to Axana Estates.

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1 min  |
January 21, 2025
Financial Express Bengaluru

Promising outlook for Havells India

Aims 14% revenue and 24% EPS CAGR during FY25-27

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1 min  |
January 21, 2025