Clik here to view.
VinFast To Set Up EV Plant In Tamil Nadu, Earmarks Initial Investment Of $500 Mn
Vietnamese electric vehicle (EV) maker VinFast on Saturday (December 6) inked a Memorandum of Understanding (MoU) with the Tamil Nadu government to establish an EV manufacturing facility in the state....
View ArticleClik here to view.
Microsoft To Skill 1 Lakh Indian Developers In AI Tools With ‘AI Odyssey’
Tech giant Microsoft on Monday (January 8) announced the launch of its upskilling initiative ‘AI Odyssey’, which aims to train 1 Lakh Indian developers on the latest AI technologies and tools. In a...
View ArticleClik here to view.
Impact Analytics Raises $40 Mn To Streamline Operations Of Retail Brands
Retail SaaS startup Impact Analytics has raised a $40 Mn (INR 332 Cr) growth financing round led by US-based investment firm Sageview Capital. The round also saw participation from existing investor...
View ArticleClik here to view.
Apple Manufactured iPhones Worth INR 1 Lakh Cr In India In 2023
Cupertino-based tech giant Apple reportedly manufactured iPhones worth INR 1 Lakh Cr in India in 2023. An official told The Economic Times that the company ‘sharply’ ramped up its production in the...
View ArticleClik here to view.
Announcing The 2nd Cohort Of FounderX – Kickstart Your Founder Journey In 2024!
By all means, 2024-25 seems to be the comeback period for the Indian startup ecosystem! After 2021’s investment frenzy and two years of hard corrections in 2022-23, Indian startups are entering a new...
View ArticleClik here to view.
Zomato Rolls Out Daily Payout For Select Restaurants
Foodtech major Zomato on Wednesday (December 10) announced the rollout of a daily payout feature for select restaurants. The service will be available to restaurants that receive up to 100 orders a...
View ArticleClik here to view.
After Govt Directive, Apple Delists Binance & Kucoin Apps From App Store
Tech giant Apple has delisted at least three offshore crypto exchanges, including Binance, Kucoin and OKX, from its India app store. The development was first reported by Moneycontrol. Inc42’s...
View ArticleClik here to view.
EaseMyTrip Forays Into Insurtech Space To Diversify Portfolio & Create New...
Online travel aggregator (OTA) EaseMyTrip has announced its foray into the insurtech sector with the launch of its new insurance arm. Called EaseMyTrip Insurance Broker, the new subsidiary will offer...
View ArticleClik here to view.
Bytedance To Shut Down Resso In India By Jan-End
Joining the bandwagon of Chinese tech companies exiting India, Bytedance is shutting down its music streaming platform Resso in the country by the end of this month. The decision to shut down the...
View ArticleClik here to view.
Lexdale International To Offload Nykaa Shares Worth INR 490 Cr
Lexdale International is reportedly looking to offload 2.62 Cr shares of beauty ecommerce giant Nykaa through open market transactions. Sources told CNBC-Awaaz that the deal will likely be pegged at a...
View ArticleClik here to view.
Delhi HC Directs ISPs To Block Websites That Infringe WinZO’s Trademark
The Delhi High Court (HC) has reportedly directed internet service providers (ISPs) to block and remove unauthorised usage of gaming unicorn WinZO’s trademarks. According to The Economic Times, the HC...
View ArticleClik here to view.
Cryptos Pose Huge Risks For Emerging Economies: RBI Governor
Reiterating the central bank’s stance on cryptocurrencies, Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday (December 11) said that digital currencies pose huge risks for emerging...
View ArticleClik here to view.
Xiaomi Challenges Karnataka HC’s Order In INR 5,551 Cr Seizure Case
Chinese smartphone maker Xiaomi continues to knock on the doors of Indian courts against the seizure of INR 5,551 Cr ($676 Mn) from its accounts by Indian authorities for violating FEMA guidelines. A...
View ArticleClik here to view.
Justdial Q3 Results: Profit Surges 22% YoY To INR 92 Cr, Revenue Rises To INR...
Hyperlocal search engine Justdial reported a 22.3% year-on-year (YoY) rise in consolidated net profit to INR 92 Cr in the third quarter (Q3) of the financial year 2023–24 (FY24). In contrast, the...
View ArticleClik here to view.
Tesla Firms Up Plans For $30 Bn Investments To Set Up Base In India
As talks with the Indian government progress further over setting up a plant in the country, EV automaker Tesla is reportedly open to committing nearly $30 Bn in direct and indirect investments in...
View ArticleClik here to view.
Jio Financial Services Q3: Profit Tanks 56% QoQ To INR 294 Cr As Revenue...
Reliance-owned fintech juggernaut Jio Financial Services (JFS) saw its consolidated net profit narrow nearly 56% sequentially to INR 294 Cr in the third quarter (Q3) of the financial year 2023-24...
View ArticleClik here to view.
Motilal Oswal Mutual Fund Offloads 4.5 Cr Shares Of Zomato In INR 621 Cr...
Motilal Oswal Mutual Fund on Monday (January 15) offloaded 4.5 Cr shares of foodtech major Zomato via an open market transaction. As per the NSE data, the mutual fund sold the shares at a price of INR...
View ArticleClik here to view.
NBFC InPrime Bags $3 Mn To Scale Up Loan Portfolio
Bengaluru-based non banking financial company (NBFC) InPrime Finserv has raised Series A funding of $3 Mn (around INR 24 Cr) led by Matrix Partners India. Existing investors InfoEdge Ventures, Titan...
View ArticleClik here to view.
Coinbase Ventures Backed CoinDCX Invests In Crypto Taxation Firm KoinX
Coinbase Ventures-backed crypto exchange CoinDCX has inked a strategic partnership with KoinX and also invested in the crypto taxation platform. This partnership, through its investment arm, CoinDCX...
View ArticleClik here to view.
Actor Rannvijay Singha Partially Exits Burger Singh With 10X Returns
Actor Rannvijay Singha has partially exited quick service restaurant (QSR) chain Burger Singh with 10X returns. “Investing in Burger Singh was a decision driven by my belief in the brand’s potential...
View Article