Bharath Manjesh
Stories by Bharath Manjesh
Bajaj Housing Finance’s value doubles to $16b after market debut
There was strong demand for its $782m IPO.
Apollo Global launches credit platform to provide big-ticket loans
Mubadala is the lead backer of the venture and Apollo plans to pull in capital from other investors.
WeWork co-founder Neumann sues SoftBank over failed tender offer
The tender offer was part of a $9.6 billion rescue financing package that SoftBank agreed with WeWork in October.
Uber loses CTO Thuan Pham amid rumours of impending mass layoffs
Pham's departure is coming at a crucial time for Uber as stay-at-home orders around the world severely curtail demand for its services.
WeWork committee pushes back against SoftBank, asserts right to represent shareholders
An independent two-member special committee of WeWork had filed a lawsuit, calling SoftBank's decision to terminate the tender offer wrongful.
JPMorgan said to raise up to $10b for alternative investments
The bank plans to raise the capital from pension funds, sovereign wealth funds, family offices and private banks.
Blackstone asks companies hurt by virus to tap credit lines
The move comes amid mounting stress in markets due to the coronavirus outbreak and a drop in oil prices.
Office management platform Eden buys WeWork’s Managed by Q
The sale of Managed by Q is part of a series of steps taken by WeWork recently to turn itself around.
SoftBank partner Kirthiga Reddy joins WeWork board
Reddy’s appointment comes nearly a week after WeWork named Sandeep Mathrani chief executive officer.
WeWork offloads non-core business Teem, pares stake in The Wing
The money-losing office space operator is under pressure to cut costs after it pulled its IPO last year.
