RBI stops 4 NBFCs, including Sachin Bansal’s Navi, from disbursing loans
RBI says this action is based on concerns observed in the pricing policy of these NBFCs.
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October 2024
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Sachin Bansal weighs options after RBI denies banking licence
This is not the end of the road and the company would also consider re-applying, says Sachin Bansal.
Sachin Bansal’s Navi Group takes IPO route: All you need to know
Navi Technologies will issue an unspecified number of equity shares to raise ₹3,350 crore through the IPO route.
Sachin Bansal buys NBFC for ₹739 crore
Bansal will become CEO of Bengaluru-based Chaitanya Rural Intermediation Development Services. Operating in 5 states, it lends to small businesses, and provides education and housing loans.
Sachin Bansal invests $32 million in Ather Energy
The electric scooter maker plans to setup a manufacturing facility to produce a million vehicles a year, and install 6,500 electric charging points across the country over the next five years.
Swiggy looks to gulp Uber Eats
As Bansal pumps ₹650 crore into Ola and Swiggy puts in place an aggressive growth plan, Bengaluru’s unicorns are ready to roll up their sleeves.
Sachin Bansal invests ₹650 cr in Ola
This is the largest investment by an individual in Ola till date.
Life without the Bansals
When Walmart acquired Flipkart in May, employees at the e-tailer took comfort that at least one of the founders was around to take them through the transition. That hope has vanished.
Why Walmart needed to bag Flipkart
While many feel Walmart is paying too high a price, at $16 billion, for a majority stake in Flipkart, the US retail giant sees immense potential, especially since rival Amazon grew very fast in India.
Walmart’s new Indian gamble
Through the Flipkart acquisition, Doug McMillon caters to both his priorities: developing e-commerce capabilities and enhancing engagement in the emerging market of India.
