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Cedar-IBSi Capital Ropes In Middle East’s Hades Finance As LP For $30 Mn...
Fintech-focussed venture capital (VC) firm Cedar-IBSi Capital has received a “sizeable commitment” from Riyadh-based asset management company Hades Financial Private Capital Group (HFPCG) for its debut...
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MCA Refutes Reports Of It Clearing BYJU’S Of Fraud, Says Probe Ongoing
Hours after a news report claimed that the Ministry of Corporate Affairs (MCA) has cleared BYJU’S of any financial fraud, the ministry rejected the report. In a statement, the ministry said that its...
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Infosys Has Trained 2.5 Lakh Employees On GenAI: Nandan Nilekani
Infosys cofounder and chairman Nandan Nilekani said that the IT major is working on 225 generative artificial intelligence (GenAI) programs for its clients. In his address to the shareholders at the...
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DGGI Seeks Details Of Cashbacks Offered By Online Gaming Companies Since Oct...
The Directorate General of GST Intelligence (DGGI) has now reportedly sought details of the cashback given by online gaming companies to their users since the 28% goods and services tax (GST) regime...
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Reliance Jio Hikes Prepaid & Postpaid Tariffs, Launches Two New Apps
Telecom operator Reliance Jio will hike the tariffs for its prepaid and postpaid plans by 12% to 25% from July 3. While the cost of its lowest plan of INR 155 has been increased by 21% to INR 189, the...
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SEBI Bars Regulated Entities From Associating With Unregistered Finfluencers
The Securities and Exchange Board of India (SEBI) on Thursday (June 27) barred regulated entities from associating with unregistered finfluencers. The directions were passed at the markets regulator’s...
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Electric Mobility Startup Matter Bags INR 82.6 Cr From Japan Airlines &...
Electric mobility startup Matter has raised INR 82.6 Cr (around $10 Mn) in a fresh funding round from Japan Airlines & Translink Fund, Info Edge’s Capital 2B Fund, Helena Special Investments Fund...
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Byju Raveendran Failed As He Did Not Listen To Anyone: Unacademy CEO
Amid the ongoing churn in the Indian edtech sector, Unacademy cofounder and CEO Gaurav Munjal has placed the blame of troubles at competitor BYJU’S on CEO Byju Raveendran not listening to “anyone”. In...
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IBM Signs MoU With Gujarat Govt To Deploy AI Cluster At GIFT City
The Gujarat government has signed a memorandum of understanding (MoU) with big tech major IBM to set up an artificial intelligence (AI) cluster at the Gujarat International Finance Tec (GIFT) City. In...
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Ola Electric Working On Solid-State Batteries To Power EVs: CEO Bhavish Aggarwal
Electric vehicle (EV) maker Ola Electric is reportedly working on developing solid-state batteries to power its electric scooters. As per Reuters, Ola Electric founder and CEO Bhavish Aggarwal said...
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Digital Competition Bill May Compromise Seamlessness Of Digital Apps, Says...
Data restrictions proposed under the draft Digital Competition Bill may “compromise” the user interface (UI) of major digital apps in the country, a report by think tank CUTS Institute for Regulation...
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SEBI Bars MIIs From Offering Volume-Based Discounts To Brokers
In a move that could impact the revenue of discount broking firms, the Securities and Exchange Board of India (SEBI) has barred market infrastructure institutions (MIIs) from offering discounts based...
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Groww AMC Settles SEBI Case By Paying INR 9 Lakh
Fintech major Groww’s asset management arm has paid INR 9 Lakh to the Securities and Exchange Board of India (SEBI) to settle a case related to alleged violation of norms. Groww Asset Management...
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Bike Bazaar Raises INR 25 Cr Debt From MAS Financial
Online two-wheeler marketplace and financing platform Bike Bazaar has raised a debt of INR 25 Cr (nearly $3 Mn) from financial services company MAS Financial. As per Registrar of Companies (RoC)...
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Agriculture Ministry To Rope In Brokers To Increase Penetration Of Crop...
The Ministry of Agriculture is reportedly planning to rope in insurance brokers to increase the penetration of its crop insurance scheme, Pradhan Mantri Fasal Bima Yojana (PMFBY), starting this year....
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Groww Issues 6-Point Rebuttal To Allay Fears Of Alleged Customer Frauds
Accused of “fraud” by multiple customers in the past few days, fintech platform Groww has now issued a six-point clarification to allay fears of its users. In a post on X, Groww reassured all its...
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Malabar Gold Initiates Insolvency Proceedings Against Flipkart
Jewellery retailer Malabar Gold has filed an insolvency petition against ecommerce major Flipkart at the Bengaluru bench of the National Company Law Tribunal (NCLT). As per the details of the case...
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How Tiger Global-Backed Koo Lost Its Mojo & Shut Shop After Raising $50 Mn
It was the peak of the Covid-19 pandemic in 2021 and the world appeared to be homegrown microblogging platform Koo’s oyster. Founded a year earlier by TaxiForSure cofounder Aprameya Radhakrishna and...
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MIB Modifies Order, Mandates Self Declaration Certificates Only For Food &...
Amid outcry from industry stakeholders, the Ministry of Information and Broadcasting (MIB) on Wednesday (July 3) reportedly said that “self declaration” certificates will only be mandatory for food and...
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Ahead Of Budget, DPIIT Recommends Scrapping Angel Tax For Startups
With the Union Budget expected to be released later this month, the Department for Promotion of Industry and Internal Trade (DPIIT) has reportedly recommended the removal of the contentious angel tax...
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