Razorpay said about 650 current and former employees have sold their stock options as part of this share sale. According to the company, this is the fourth and biggest Esop (employee stock options programme) buyback since it started operations in 2014. Its previous Esop buyback was for $10 million in March 2021.
"Musk holds all the cards here," Hindenburg, which has a short position on Twitter, said in a report. "If Elon Musk's bid for Twitter disappeared tomorrow, Twitter's equity would fall by 50% from current levels. Consequently, we see a significant risk that the deal gets repriced lower."
Under Smart Fulfillment, sellers allocate a separate space for their products at their own warehouse or place of business, which is linked to Flipkart's systems so these goods can be delivered faster.
Under Smart Fulfillment, sellers allocate a separate space for their products at their own warehouse or place of business, which is linked to Flipkart's systems so these goods can be delivered faster.
Ashish Kapur, promoter of premium bar chains Whisky Samba and The Wine Company, said the group has set aside a corpus of Rs 150-200 crore for acquiring a mix of upscale regional and international brands. “We are seeing that the matrix of consumption is evolving, and people are consuming more, and with higher ticket sizes.”
Last month, Delhivery, Ecom Express and Xpressbees simultaneously increased shipment prices for the aggregators for trying to poach their clients.
Satellite thrusters run on toxic compound hydrazine known to have a severe environmental impact, pushing space researchers to scout for eco-friendlier alternatives. Bellatrix’s recent testing of its green propulsion system also marks a key inflection point in the startup’s journey in building a space taxi system for satellites.