Page 8 - Bharatpe

Top headlines: Ukraine president pleads for peace, oil shock may sting

Mutual funds are keeping their powder dry to invest in LIC's IPO that is expected to hit the market next month

BharatPe looking for CFO, internal audit head after sacking Madhuri Jain

Sources say fintech unicorn is in the process of hiring CFO, internal audit head, strengthening procurement processes in next one month

Rajnish Kumar rejects Ashneer's charges, says not stepping down from board

Amid the thickening Ashneer Grover-BharatPe saga, Chairman of the board of directors Rajnish Kumar said that Grover is only spreading lies and there is no substance in his allegations

BharatPe saga: Allegations fly thick and fast as firm fires Madhuri Jain

Founder & MD Ashneer Grover has filed an emergency plea in SIAC to stop a probe into alleged financial mismanagement in the company.

Governance lapses report in BharatPe in 2 weeks: CEO Suhail Sameer

An interim report on the review of the governance process in BharatPe is expected in the next couple of weeks, CEO Suhail Sameer told employees in a letter. BharatPe has a huge amount of cash in banks and existing investors continue to back the company. The firm does not need to raise capital in the foreseeable future, Sameer said in the letter.

Review of 'serious allegations' on, trust the Board: New BharatPe CEO

Meanwhile, reports have claimed that several BharatPe employees are looking for job change amid the saga.

BharatPe investors may make stake sale painful for Ashneer Grover: Experts

BharatPe founder's demand for Rs 4,000-crore payout rests on shaky ground

BharatPe appoints investor's lawyer on Board amid probe and tussle

John Bernard Weinstein, a lawyer who is a partner and deputy general counsel at venture capital firm Insight Partners, joined the BharatPe Board on February 2

BharatPe boardroom tussle: Co-founder Nakrani says he supports CEO Sameer

Shashvat Nakrani's backing for Suhail Sameer comes amid Ashneer Grover's demand for his ouster

BharatPe's other founder supports CEO amid Grover's demand for ouster

Legal experts contend that the CEO cannot be removed from the board on the sole demand of Ashneer Grover and any such removal can only be done jointly by both the co-founders

Ashneer Grover's demands heat up fintech unicorn BharatPe boardroom tussle

Seeks removal of CEO Suhail Sameer from board, wants Rs 4K-cr buyout of his stake

Have not terminated services of any employee, says BharatPe Board

The Board said it remains committed to an independent and thorough audit process. It said no action has been taken or will be taken till the audit has been completed

BharatPe orders independent audit amid co-founder's audio clip controversy

Ashneer Grover recently went on a voluntary leave of absence till March-end amid backlash regarding him allegedly speaking in abusive language with a bank employee

BharatPe's PoS business grows to $4 bn annualised transaction value

Fintech firm says it has ramped up the reach of this business by 25x to over 250 cities in the past 12 months

Unity intact, Centrum is promoter of bank: Chairman Jaspal Bindra

'It has been 25 years since I first played the role of CEO in India', said Bindra

BharatPe co-founder Ashneer Grover takes voluntary leave till March-end

Board accepts his decision, agrees it is in the best interests of the company, staff, investors and merchants. Adds BharatPe will continue to be led by CEO Suhail Sameer

Top headlines: Grover takes voluntary leave; ban on int'l flights extended

Business Standard brings you the top headlines on Wednesday

Diwali bonanza for BNPL platforms as disbursals grow by more than 100%

Most of these players saw transactions on their platforms rise on account of increased spends on categories like apparel, electronics and grocery

Delhi HC dismisses BharatPe pleas seeking removal of PhonePe trademarks

Petitions were frivolous and baseless, and an attempt to divertthe court's attention from its own misuse of PhonePe's trade marks, says Walmart-owned digital payments firm

BharatPe to share equity worth $100 mn with merchants on its platform

The fintech unicorn said it is aiming for the merchant shareholding pool to be worth about $1 bn by the time it goes public