Can Peloton Pull Off This Daring Strategy?

For Peloton interactive (NASDAQ: PTON) investors who were riding high in 2020 and held on, 2021 has been a huge letdown. The stock took off after massive demand when gyms were closed, gaining around 400% in 2020. To be clear, Peloton still posted outstanding growth in the fourth quarter. Read More...


Flipkart co-founder challenges Indian enforcement agency probe

Sachin Bansal, co-founder of e-commerce giant Flipkart, has mounted a court challenge against India’s financial crime-fighting agency, which has accused him and others of violation of foreign investment laws, court records showed. The agency, the Enforcement Directorate, had in July issued a so-called show cause notice to Flipkart, its founders and some investors asking them to explain why they should not face a penalty of $1.35 billion for alleged violation of foreign investment laws between 2009 and 2015, Reuters reported last month. Court records and media reports on Saturday showed Sachin Bansal has urged a state court in the southern state of Tamil Nadu to quash the agency’s notice, arguing that it was issued after an inordinate delay.

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