Over 17,000 Indian startup employees laid off in the first half of 2023 as funding winter refuses to thaw - The Economic Times

New York investment firm Tiger Global has completed its exit from Flipkart, gaining $3.5 billion in total. India Inc is increasing capital expenditures due to improved balance sheets and rising cash flows. The Nirma Group is the frontrunner to acquire Glenmark Life Sciences. Indian pharmaceutical company Cipla is in talks for a private-equity deal. BNPL startups are facing challenges in the high-growth fintech sector. EM equity rally is fueled by the declining dollar, but inflation concerns remain.

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