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Centre Extends EV Promotion Scheme Till September, Increases Outlay To INR...
The Centre has extended the duration of the electric mobility promotion scheme (EMPS) 2024 by two months till the end of September. In a statement, the Ministry of Heavy Industries (MHI) said that the...
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Karnataka Assembly Passes Bill To Levy 2% Cess On OTT Subscriptions, Rules To...
The Karnataka assembly has passed a bill that proposes imposing a cess of up to 2% on OTT subscription plans. But questions remain over its implementation. “The Karnataka Cinema and Cultural Workers...
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Govt In Touch With Apple Over Threat Notifications Sent To MPs: MoS IT
The government has informed the Parliament that the Indian Computer Emergency Response Team (CERT-In) is in touch with tech giant Apple over the controversial threat notifications sent to various...
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Cars24 Bags INR 250 Cr From Singapore-Based Parent Entity
Auto marketplace Cars24 has bagged INR 250 Cr ($29.8 Mn) funding from its Singapore-based parent entity Global Car Group Limited. As per Registrar of Companies (RoC) filings accessed by Inc42, Cars24...
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Average Ticket Size Of Fintechs’ Personal Loans Slumps To INR 9,861 In H1...
The average ticket size of personal loans disbursed by fintechs has been on a consistent decline for the past two years, as per a Reserve Bank of India (RBI) report. As per the report, title ‘Currency...
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BillDesk, Amazon Pay & Adyen Get Cross-Border Payment Aggregator Licence From...
Fintech startup BillDesk, Amazon Pay India, and global payments major Adyen have received the Reserve Bank of India’s (RBI) approval to operate as cross-border payment aggregators. While BillDesk’s...
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Indian Startup IPO Tracker 2024
It’s the season of spring for startup IPOs. After a lull in IPOs in 2022 and 2023 due to geopolitical tensions, a raging funding winter, and macroeconomic pressures, startups are lining up in droves to...
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Fractal To File DRHP By September For $600 Mn IPO, Eyes $3 Bn Valuation
SaaS unicorn Fractal reportedly plans to file its draft red herring prospectus (DRHP) with markets regulator Securities and Exchange Board of India (SEBI) by the end of August or early September. The...
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BYJU’S Pays First Tranche Of INR 50 Cr To BCCI As It Looks To Settle...
Troubled edtech major BYJU’S reportedly transferred INR 50 Cr to the Board of Control for Cricket in India (BCCI) as part of the first tranche of payments to settle the ongoing insolvency dispute. The...
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Nazara’s Nextwave Completes Acquisition Of Ultimate Teen Patti
Gaming major Nazara Technologies’ subsidiary Nextwave Multimedia has completed the acquisition of casual freemium card game “UTP – Ultimate Teen Patti”. In a filing with the bourses, the listed gaming...
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UPI Services Impacted As Ransomware Attack Hits A Tech Service Provider For...
In a development that will have a direct bearing on Unified Payments Interface (UPI) payments, the National Payments Corporation of India (NPCI) has said that C-Edge, a technology service provider for...
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Cogniquest Bags Funding To Help Enterprises Generate Insights From Complex...
Artificial intelligence (AI) startup Cogniquest has raised an undisclosed amount of seed funding from fintech-focussed venture capital firm Cedar-IBSi Capital and angel investors. The round saw...
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Bombay HC Restrains AI Platforms From Unauthorised Cloning Of Arijit Singh’s...
The Bombay High Court (HC) has restrained a clutch of platforms and individuals from offering AI tools that allow users to convert their voice into Bollywood singer Arijit Singh’s voice. In an ex-parte...
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Advisory Group Constituted To Build AI Regulatory Framework: Govt
Minister of State (MoS) for Electronics and Information Technology Jitin Prasada has informed the Parliament that the Centre has constituted an advisory group to formulate a framework to regulate...
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Nazara Floats New Subsidiary In UK To Expand Operations
Gaming major Nazara Technologies has incorporated a new subsidiary, Nazara Technologies UK Ltd, in the United Kingdom (UK) to expand its operations. In a filing with the bourses, Nazara said, “The...
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40+ D2C & Retail Leaders To Reveal The Playbook To Scale At The D2C Summit 2024
India’s thriving D2C landscape, which presents a $300 Bn market opportunity, is at the crossroads. While the D2C revolution has disrupted traditional retail by allowing brands to connect directly with...
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MCA Slaps Fine On Nithin Kamath, Zerodha AMC For Delay In Appointing CFO
The Ministry of Corporate Affairs (MCA) has reportedly imposed a penalty of INR 23.9 Lakh on Zerodha Asset Management and its directors over the asset management company’s failure to appoint a chief...
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Myntra CEO Nandita Sinha To Now Helm Flipkart Fashion Too
In a major top-level rejig at Flipkart, Myntra CEO Nandita Sinha has been entrusted the additional responsibility of helming the operations of Flipkart Fashion. The development came after Flipkart...
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CaratLane Q1: Total Income Jumps To INR 754 Cr, EBIT Improves To INR 38 Cr
Tata-owned omnichannel jewellery startup CaratLane reported a total income of INR 754 Cr in the first quarter (Q1) of the financial year 2024-25 (FY25), up nearly 18% from INR 639 Cr in the year-ago...
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Tata Group’s Assam Semiconductor Plant To Be Operational By Mid-2025
Tata Sons chairperson N Chandrasekaran on Saturday (August 3) said that the conglomerate’s semiconductor plant in Assam will be operationalised by mid-2025. Chandrasekaran made the comments during the...
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