crisishit

Troubles seem to be mounting for beleaguered ZestMoney as lenders pull back credit lines, a day after its founders left the company after a failed PhonePe acquisition. This and more in today’s ETtech Morning Dispatch.Also in the letter:■…

The sudden exit of ZestMoney founders after its planned acquisition by PhonePe failed has compounded the challenges for the fintech startup with its already clogged lending taps likely to dry up.ZestMoney is clocking a fraction of the…

In a repeat of 2008, the recent banking crisis may provide Indian IT businesses a chance to acquire captive technology divisions of banks and financial institutions.This and more in today’s ETtech Morning Dispatch.Also in this letter:■ US…

The banking crisis in the US and Europe could provide Indian IT firms with an opportunity to acquire captives technology units of banking and financial firms in a repeat of the 2008 financial crisis, analysts say.IT companies such as TCS,…

Shares of embattled Credit Suisse skyrocketed on Thursday after announcing it would borrow up to $53.7 billion from the Swiss central bank, calming markets following the worst trading day in its history.Shares in Switzerland’s second…

KABUL —  There’s a comforting immutability to the way Waheed Merzazadah prepares for his day’s work: the methodical cutting of the sheep carcasses down to the right size, the readying of the vegetables and spices, the patient poring over…