Category: Business

US investors cut Byju’s valuation by 62%, Meesho by 10%

Amid the funding winter and the uncertain global macroeconomic environment, US-based investors have lowered their valuations on Indian start-ups such as Byju’s and Meesho. BlackRock Inc, a US-based asset management firm, has slashed its valuation of edtech unicorn Byju’s by

RBI tightens NBFC rules and licensing requirements

The Reserve Bank of India (RBI) has decided to tighten rules for non-bank financial corporations (NBFC) in fiscal year (FY) 2023-24. In its 2023-24 shadow banking targets, RBI has stated that it will review licensing requirements and take regulatory action