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Fintech startup Tortoise raises funds from Swiggy and ZestMoney CEO-thumnail

Fintech startup Tortoise raises funds from Swiggy and ZestMoney CEO

Founded in 2020 by Koshal and Surya Harsha Nunnaguppala, Tortoise is a save now, buy later (SNPL) startup that allows users to save up for large purchases. Users can avail

Finance

Sep 2, 2022

Meta-owned WhatsApp banned 2.39 million Indian accounts in July-thumnail

Meta-owned WhatsApp banned 2.39 million Indian accounts in July

Of the accounts barred, 1.42 million were “proactively banned,” before any reports from users. Several accounts were banned based on complaints received through the company’s grievances channel and the tools

Industry

Sep 2, 2022

HDFC bank to raise 50 billion rupees through bonds; hire 3000 employees in Maharastra-thumnail

HDFC bank to raise 50 billion rupees through bonds; hire 3000 employees in Maharastra

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

Industry

Sep 2, 2022

Half of directors of board of Unitech resigns over nil progress in stalled projects-thumnail

Half of directors of board of Unitech resigns over nil progress in stalled projects

At least two of the directors said that they resigned as things were not moving on the ground. Despite a push from the Supreme Court, things have not moved speedily

Finance

Sep 2, 2022

Broker Network raised 90 cr in fresh funding from Info Edge-thumnail

Broker Network raised 90 cr in fresh funding from Info Edge

Broker Network, founded in 2020 by Housing.com founder Rahul Yadav, connects brokers with real estate developers and buyers. It also allows users to list their properties on the platform and

Finance

Sep 2, 2022

Foodtech major Zomato reappoints Sanjeev Bikhchandani as the non-executive director-thumnail

Foodtech major Zomato reappoints Sanjeev Bikhchandani as the non-executive director

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

News

Sep 2, 2022

Starbucks has appointed Indian-origin Laxman Narasimhan as its next CEO-thumnail

Starbucks has appointed Indian-origin Laxman Narasimhan as its next CEO

Reckitt, which also produces Durex condoms, Enfamil infant formula, and Mucinex cold syrup, was led by Laxman Narasimhan as CEO. Starbucks Corp selected Laxman Narasimhan as its next chief executive

News

Sep 2, 2022

<strong>Two-wheeler financing firm Bike Bazaar raises Rs. 170 crore in equity funding.</strong>-thumnail

Two-wheeler financing firm Bike Bazaar raises Rs. 170 crore in equity funding.

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

Automotive

Sep 1, 2022

<strong>Homegrown Micro-blogging platform koo fires nearly 40 employees amidst funding crunch</strong>-thumnail

Homegrown Micro-blogging platform koo fires nearly 40 employees amidst funding crunch

The development comes when Koo CEO Aprameya Radhakrishna has been camping overseas and is in talks with several investors for a fresh round of funding. The startup has raised $44.5

News

Sep 1, 2022

<strong>NPCI records report 6.57 billion UPI transactions in August 2022</strong>-thumnail

NPCI records report 6.57 billion UPI transactions in August 2022

Recently, the RBI floated a discussion paper, seeking comments from stakeholders on whether UPI transactions should be charged. The RBI has asked if UPI transactions are charged, then should the

Industry

Sep 1, 2022

Amazon struggles to penetrate tier 2-3 cities, lags behind rival Flipkart-thumnail

Amazon struggles to penetrate tier 2-3 cities, lags behind rival Flipkart

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.

News

Sep 1, 2022

Government raises tax on the export of diesel and jet fuel in a fortnightly review-thumnail

Government raises tax on the export of diesel and jet fuel in a fortnightly review

India first imposed windfall profit taxes on July 1, joining a growing number of nations that tax super normal profits of energy companies. But international oil prices have cooled since

Industry

Sep 1, 2022


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