Nandan Mandayam
Stories by Nandan Mandayam
Indian regulator clears Reliance’s over $300m acquisition of Metro’s local business
Metro operates 31 stores in 21 cities and is mostly a supplier to restaurants and smaller businesses.
India’s SpiceJet to raise $300m fresh capital, restructures dues to Carlyle Aviation
Carlyle Aviation Partners will gain a 7.5% stake in the company.
Walmart paid $1b tax for PhonePe shifting base from Singapore to India
Tiger Global, an existing PhonePe investor, was not required to pay the tax, sources told Reuters.
China’s Fosun weighs sale of Indian drugmaker Gland Pharma
Gland Pharma has a market value of $3.5b.
Amazon to shut down online learning academy in India
The platform launched early last year amid a boom in virtual learning during the pandemic.
India e-commerce firms go on hiring spree ahead of festive season
Gig work employment is expected to reach 9.9m in India in 2022-23
