During the quarter, Apollo 24/7’s Gross Market Value (GMV) exceeded expectations, reaching ₹1,630 crore compared to the anticipated ₹1,500 crore. Chennai’s Apollo Hospitals plans to raise approximately $200 million in
The rise comes at a time when the government is pushing to bring tax collection across various segments under digital payment. In March 2023, the figures stood at 8.68 billion
Under the zero-commission model, the platform would not charge sellers any commission. RIL to launch Ajio Street, a new marketplace for low-priced, longtail fashion items. Further, the e-commerce platform will
Jio Financial “will be a technology-led business, delivering financial products digitally by leveraging the nationwide Omni channel presence of Reliance’s consumer businesses,” said Mukesh Ambani in a statement last year
The HTT-40 is a turboprop aircraft, designed to have good low-speed handling for better training effectiveness. This fully aerobatic, tandem-seat, turbo trainer has an air-conditioned cockpit, modern avionics, hot refueling,
The fund has so far invested in five homegrown enterprise tech startups over the past 12-14 months. These include upskilling platform Disprz, anti-money laundering startup IntelleWings, transaction monitoring platform VuNet,
Founded in 2018 by Jayesh Rajpurohit and Arpit Rajpurohit, the startup offers end-to-end construction services including home and business construction and building materials. The startup also enables consumers with technology
Regulatory sandboxes allow companies to test new products or services in a controlled regulatory environment. This enables companies to scale up their offerings, innovate, bring efficiency and devise solutions for
South Korea’s largest company has been grappling with weak demand for memory chips, smartphones, and displays as consumers tamp down holiday spending amid soaring interest rates and inflation. Samsung Electronics
It is to be noted although known that Space Exploration Technologies Corp. (SpaceX) is an American spacecraft manufacturer, launcher, and satellite communications corporation headquartered in Hawthorne, California. It was founded
According to reports, the Securities and Exchange Board of India has requested the Oravel Stays(Oyo); “to update risk factors, its key performance indicators (KPIs), pending lawsuits, and the basis for
Founded in 2014 by Puneet Agarwal and Sanjay Aggarwal; the Fintech firm Money View is an online financial services company offering personalized credit products and financial management solutions to its
The bangalore-based startup has expertise in the manufacturing, research, and development of nanotechnologies, had started producing battery packs for electric 2 and 3-wheelers from December 2021 and is currently producing
Tata Communications (Netherlands) has signed a definitive agreement to acquire New York-based, “The Switch Enterprises LLC”, which is a major global end-to-end live video production and transmission services provider with
KFin technologies are a major technology-driven financial services platform providing comprehensive services to the capital markets ecosystem, including the asset managers and corporate issuers, across different asset classes in the
Founded by Prateek Srivastav; Founder and MD in 2017, pune based Droneacharya Aerial Innovations Limited provides a high-end ecosystem of Drone solutions for multi-sensor Drone surveys, data processing of Drone
Constituted in 1969; Kolkata-based Elin electronics limited is one of the leading electronics manufacturing services (“EMS”) provider in the country. The company has in its hands in the manufacturing of
Founded in 1989, Tata Technologies offers technology services across the automotive, industrial machinery, aerospace, and adjacent engineering and manufacturing verticals. Tata Motors’ board has approved a partial divestment of the
In terms of absolute numbers, Apple shipped close to 1.2 Mn India-manufactured smartphones in the second quarter of 2022, up 94% year-on-year (YoY) Interestingly, the investment comes days after reports
Founded in 2010, Simplilearn offers digital skilling programs for professionals, enabling them to upskill and get certified in fast-growing digital domains. Simplilearn claims to have added more than 1.2 million
Gujarat-based Dharmaj Crop Guard is primarily engaged in the business of manufacturing, distribution, and marketing of a wide range of agrochemical formulations such as insecticides, fungicides, herbicides, plant growth regulators,
FTX failed because its founder and former CEO Sam Bankman-Fried and his lieutenants used customer assets to make bets in FTX’s closely related trading firm, Alameda Research. Bankman-Fried was reportedly
Headquartered in Chennai, the company provides secured business loans to micro-entrepreneurs and self-employed individuals, who traditional financing institutions largely exclude. All of its loans are secured by borrowers’ property (SORP
SoftBank had cumulatively invested around $2.2 billion in these three companies (Paytm, Policybazaar, and Delhivery) and offloaded shares worth $560 million at their initial public offerings (IPO). This means that
R Systems, founded in 1993 by Rekhi, specializes in digital information technology services, specializing in product engineering, and serves over 250 customers in the technology, media, telecom, and financial services
Amazon plans to expand SEND to additional destinations and shipping modes soon. Services offered under this new vertical will include information about multiple carriers, negotiating rates and service levels, compliance
Mayank Kumar, managing director and co-founder of upGrad, had said in July that the higher education and upskilling space was counter-cyclical—during times of job losses and recessionary fears, learners tend
With the third fund, Poole said, Unitus Ventures will increase its focus on areas such as job tech, enterprise SaaS and sustainability, and climate. Early-stage venture capital fund Unitus Ventures,
The government of Canada has canceled the 20-hour work week for international students, citing labor shortages. Presently students can work for more than 20 hours a week along with completing
Founded in 2017 by RK Misra, Naveen Dachuri, Hemant Gupta, and Amit Gupta, Yulu provides urban Mobility-as-a-Service (MaaS) in Bengaluru, Mumbai, and Delhi-NCR and is supported by AI-powered Battery-as-a-Service (BaaS)
The broadcaster is expected to pay around $260 million to CSA for the rights according to sources. Earlier, Viacom18 had picked up rights to South Africa’s upcoming T20 league, SAT20,
Last December, India had approved a $10-billion incentive plan to attract semiconductor and display manufacturers deepening the push to establish the country as a global electronics production hub. Reliance Industries
Inox Green is engaged in the business of providing long-term Operation and Maintenance (O&M) services for wind farm projects, specifically for wind turbine generators and common infrastructure facilities on wind
Chiratae Ventures has raised five early-stage funds and manages $1.1 billion in assets under management (AUM). It has been an early backer of technology-led companies such as Bizongo, Curefit, Firstcry,
The two transactions together bring up the cumulative total to well over $105 Mn. Post the transaction, General Atlantic will hold an 8% stake in the Baskar Subramanian-led startup. Media-focused
Founded in 2009 by Monish Darda and Samir Bodas, Icertis offers enterprise contract management solutions to companies across the globe. Icertis said it’s Icertis Contract Intelligence (ICI) helps businesses structure
Description-: BluSapphire, a Gartner Cool Vendor, is a hyper-growth cybersecurity SaaS platform. Started by Kiran Vangaveti, 25 years experienced cyber professional and ex-CISO of hedge fund titan Tudor Investments, the
Description-: The development comes when Byju’s seeks to reduce costs and improve its operating revenue. The company announced that they aim to achieve profitability by 2023. Earlier, the edtech company
“ECYOF is a much-needed alternative that allows venture/private equity-backed high-growth companies to raise additional capital to augment equity financing and continue their growth trajectory,” Edelweiss’ statement added. Edelweiss Wealth Management
Competition is intensifying in India’s relatively nascent broadband-from space services segment, which could be worth $13 billion by 2025, with Jio, OneWeb, Nelco of the Tata Group, Canada’s Telesat, and
Description-: Founded in 2016 by Jae Won Lim, GOPIZZA is known for its one-person, oval-shaped, fire-baked pizza with 160 outlets across South Korea, Singapore, Indonesia, India, and Hongkong. GOPIZZA currently
Restaurant Brands Asia, earlier known as Burger King India Ltd, was incorporated in 2013 as a result of a partnership between Everstone Capital and Burger King Worldwide to bolster the
The regulatory filings also show that MobiKwik has updated its ESOP 2014 policy, specifically regarding the time frame within which employees can execute the options in the event of termination
The acquisitions will help PhysicsWallah to expand to CUET and state-level government exams segments that have seen limited penetration by edtech companies. India’s newest edtech unicorn PhysicsWallah has made forays
Interestingly, layoffs at FrontRow have come at a time when edtech decacorn BYJU’S made a foray into celebrity-focused learning with ‘BYJU’S Xcel’. Lightspeed-backed celebrity-focused learning startup FrontRow laid off around
The government has been considering enforcing the use of rear seatbelts after Cyrus Mistry, the former chairman of Indian conglomerate Tata Sons, died in a car crash recently. The Ministry
The target entities have leadership in automotive in production-ready system prototyping (combination of network system architecture, hardware prototyping, integration), automotive ethernet products, and tools for validation. KPIT Tech on Wednesday
Founded by brothers Malvinder and Shivinder Singh, who are facing fraud charges, Religare is led by new management and a professionally-managed independent board. Religare Enterprises Ltd is set to raise
Established in Greater Noida in 2002, EPACK Durable manufactures room air conditioners and small household appliances with manufacturing facilities at Dehradun and Bhiwadi, Rajasthan. EPACK Durable, a leading outsourced design
Walmart-owned Flipkart acquired Cleartrip last year to help the e-commerce firm strengthen its digital commerce offerings for customers. The move enabled Flipkart to tap the travel and tourism market and
Burjeel Holdings’ partnership with Shah Rukh Khan follows the recent announcement of its planned expansion into the Kingdom of Saudi Arabia (KSA). The company has signed a Memorandum of Understanding
The central bank last month issued digital lending norms, under which the disbursal of loans and collection of repayments must be executed only between borrowers and entities it regulates, with
India’s largest sector lender HDFC is planning to raise at least 50 billion rupees through a 10-year bond sale; hire 3000 employees. India’s largest private sector lender, Housing Development Finance
98.9% of shareholders approved the appointment of Info Edge’s cofounder as non executive director. Foodtech major Zomato has reappointed Info Edge’s cofounder Sanjeev Bikhchandani as the non-executive director on its
Pune-based Bike Bazaar caters to the commuter/utility two-wheeler segment in the domestic market, offering a range of solutions along the two-wheeler lifecycle, including financing for new and pre-owned two-wheelers as
While India is a three-player market – Amazon, Walmart/Flipkart, and Reliance’s JioMart – the market remains quite fragmented with meaningful market differences by market tier, product category, and distribution models.
However, Mukesh Ambani emphasised that he is not yet retiring and that he will “continue to provide hands-on leadership as before.” The most valuable firm in India has revealed its
The vehicle manufacturing facility in Kharkhoda, Haryana, will have the potential to make one million passenger vehicles per year. This would make the unit one of the largest passenger vehicle
Locations specifically like traffic junctions, airports, and railway stations are high-density areas for network congestion. The success of the shared RAN solution holds promises for the customers of such highly
Rakuten Group has interests in various areas, including e-commerce, mobile, and telecom. The company’s B2B telecom services arm, called Rakuten Symphony, will also operate from this new office now Japan’s
Syrma provides integrated services and solutions to original equipment manufacturers, from the initial product concept stage to volume production through concept co-creation and product realization. Syrma SGS Technology shares clocked
The seven-year-old startup, which has raised more than $110 million to date, works with over 75 electronics device manufacturers, including OnePlus and Xiaomi, and offers them white-labeled after-sales services such
Touted as India’s largest airport service aggregator platform, Dreamfolks Services has no listed peers at the bourses. Airport service aggregator Dreamfolks Services’ initial public offering (IPO) will open for subscription
Kerala health minister said that hospital employees should use the online system of Kerala Medical Services Corporation (KMSCL) to ensure availability of medicines. Real time data of medicines will be
Shardeum is attempting to solve the trilemma affecting most blockchains where they have to prioritize among scalability, security and decentralization, but at best they can pick only two of these
Adani Group’s seven listed firms have a combined market capital of Rs 19.73 trillion, while Ambani-owned firms have an MCap of Rs 17.82 trillion. Tata Group is the India’s most-valued
Adani Road Transport, a subsidiary of Adani Enterprises, will acquire Gujarat Road and Infrastructure Company and Swarna Tollway for around Rs 3,110 crore from Macquarie Asia Infrastructure Fund, the company