Wistron Riot
This week we saw employees riot at Wistron and as usual, social media was abreast with opinions on ‘how this spoils the image of the country’ as an investment destination.
But what really happened?
Well, compliance norms were being flouted, salaries being reduced and social security not being disbursed.
So, does that bode well with your employees?
Ofcourse Not.
Read more about it in detail here.
Zomato Fund Raise
This week Zomato raised a Series J round of USD 660 mn valuing the start-up at USD 3.9 bn!
The IPO plans are set for June of next year and with the recent success of the DoorDash IPO on NYSE, can India see a prospective decacorn?
Info Edge owns ~26% in the company. Read more about them here.
OneWeb - Bharti Airtel
Bharti Airtel had rescued a satellite startup in partnership with the UK government to offer global broadband services.
Could this be a potential game changer in the next 2 years?
Read more about this development here.
Yes Bank, Bad Loans & ARCs
Yes Bank is allegedly in talks to load off it’s bad loan portfolio to a consortium of ARCs - a news that has been floating around since November.
Does it makes sense?
Well, for starters it does - It will finally allow the bank to focus on lending prudently without having the overhang of a legacy bad book.
Can this be a pathway to the NPAs in PSBs? Read more about it here.