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RIL Q1: Digital & New Commerce Business Contributes 18% To Reliance Retail...
The digital and new commerce business contributed 18% to the total revenue of Reliance Retail in the June quarter (Q1) of the financial year 2024-25 (FY25). The retail giant did not disclose the...
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Bombay HC Directs Social Media Platforms To Take Down Deepfakes Of NSE MD
The Bombay High Court (HC) has directed social media platforms to take down deepfakes that feature NSE’s managing director (MD) and CEO Ashishkumar Chauhan offering stock recommendations. In an order...
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Witnessing The Beginning Of The End Of Tough Times For Paytm: Vijay Shekhar...
Even as the Reserve Bank of India’s (RBI) curbs continue to loom heavily over Paytm, the fintech major’s founder and CEO Vijay Shekhar Sharma believes that the June quarter (Q1 FY25) marked the...
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Google Signs MoU With Developer Anant Raj To Offer Data Centre Infra To...
Tech giant Google has signed a memorandum of understanding (MoU) with real estate developer Anant Raj to offer cloud computing services and data centre infrastructure to enterprises. As part of the...
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Budget 2024: Logistics Startups Banking On Infrastructure Push To Power Growth
As finance minister (FM) Nirmala Sitharaman prepares to present the first Union Budget of the third term of the Prime Minister Narendra Modi-led government on July 23, the general expectation is that...
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Union Budget 2024-25: What Do Startups Expect From FM Nirmala Sitharaman?
It’s Budget Day today. With finance minister (FM) Nirmala Sitharaman all set to present the Union Budget 2024-25 (FY25) in a few hours, the Indian startup ecosystem is hoping that she will spare some...
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Budget 2024: Centre To Promote Startups Tied To Vegetable Supply Chain
Finance minister Nirmala Sitharaman on Tuesday (July 13) said that the government will promote startups across the vegetable supply chain to spur the agritech sector. “We will promote farmer producer...
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Union Budget 2024: Over 100 Branches Of India Post Payments Bank To Be Set Up...
In her Budget speech, finance minister Nirmala Sitharaman on Tuesday (July 23) announced the setting up of more than 100 branches of India Post Payments Bank (IPBB) in Northeast India. “More than 100...
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Budget 2024: FM Hikes Long Term Capital Gains Tax Rate To 12.5%
Finance minister Nirmala Sitharaman on Tuesday (July 23) said that long-term capital gains (LTCG) on all financial and non-financial assets will now be taxed at 12.5%. Essentially, the FM has hiked the...
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MakeMyTrip Q1: Profit Jumps 13% To $21 Mn On Robust Travel Demand
Online travel aggregator MakeMyTrip’s net profit jumped 13.1% year-on-year (YoY) to $21 Mn in the quarter ended June 2024. The company’s net profit stood at $18.59 Mn in the year-ago quarter. In a...
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Budget 2024: Can The R&D Push Transform India Into A Product-Led Economy?
Research and development (R&D) grabbed the spotlight as finance minister (FM) Nirmala Sitharaman presented the Union Budget 2024-25. The FM announced a slew of sops to spur research and innovation...
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Govt Confirms Data Breach At BSNL, Says Panel Formed To Audit Telecom Networks
The Centre has said that there was a “possible intrusion and data breach” at state-owned telecom company Bharat Sanchar Nigam Ltd (BSNL) on May 20, 2024. Responding to a question, minister of state...
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Thank You To Our Sponsors For Turning Inc42’s D2C Retreat Vision Into Reality!
With a $300 Bn market opportunity, building a thriving direct-to-consumer (D2C) ecosystem in India requires a collaborative spirit. At Inc42, we have been at the forefront of this D2C wave, fostering...
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Go Digit Q1: Profit Surges 74% YoY To INR 101 Cr, GWP Jumps To INR 2,660 Cr
Insurtech startup Go Digit General Insurance saw its profit after tax (PAT) soar 74% to INR 101 Cr in the June quarter (Q1) of the fiscal year 2024-25 (FY25) from INR 58 Cr in the year-ago quarter. On...
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Ahead Of IPO, Ola Electric Shelves Electric Car Project
Ahead of its much-awaited initial public offering (IPO), electric vehicle (EV) major Ola Electric has reportedly shelved its plans to launch electric cars. The EV startup has put off its electric car...
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IN-SPACe Seeks Bids From Indian Startups To Build Earth Observation System
The Indian National Space Promotion and Authorization Centre (IN-SPACe) has invited proposals from Indian startups and private companies to build and manage a space-based earth observation (EO) system....
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Indian GenAI Startup Tracker: 60+ Startups Putting India On The Global AI Map
Before November 2022, OpenAI was a little-known startup in the US. However, that very month, the company unveiled a chatbot, ChatGPT, which in just two months crossed 100 Mn monthly active users,...
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RBI Slaps INR 87.5 Lakh Fine On Ola Financial Services For Flouting KYC & PPI...
The Reserve Bank of India has imposed a penalty of INR 87.55 Lakh on Ola Financial Services for flouting various regulatory norms. While a fine of INR 33.40 Lakh has been imposed on the fintech arm of...
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Avanse Financial Services IPO: SEBI Returns DRHP On Technical Grounds
The Securities and Exchange Board of India (SEBI) has reportedly returned the draft red herring prospectus (DRHP) of non-banking financial company (NBFC) Avanse Financial Services on “technical...
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RBI’s Regulatory Sandbox: Fi.Money, FinAGG & Signzy Selected For 5th Cohort
The Reserve Bank of India (RBI) has selected five entities, including three startups, for its fifth cohort of the regulatory sandbox initiative. The selected startups include Epifi Technologies...
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