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Amid Wave Of Top Level Exits At Orios, CFO & COO Gaurav Bindal Calls It Quits
The spate of top-level exits continues at venture capital (VC) firm Orios Venture Partners. Now, the ixigo-backer’s chief financial officer (CFO) and chief operations officer (COO) Gaurav Bindal has...
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Drug Maker Novo Nordisk Working With 10 Indian AI Startups
Danish drug maker Novo Nordisk, which has grabbed global headlines for its weight loss drug Wegovy, has struck partnerships with 10 Indian artificial intelligence (AI) startups to streamline its...
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JioCinema Crosses 1.6 Cr Paid Subscriber Milestone In Q2 FY25
Buoyed by affordable monthly plans, Reliance’s streaming platform JioCinema crossed the 1.6 Cr paid subscriber mark at the end of September 2024. In its quarterly update for the second quarter (Q2) of...
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Star Health Data Leak: Insurer Releases Chronology Of Events
Insurer Star Health on Saturday (October 12) said that the hacker, who leaked the personal data of its 3 Cr customers, demanded a ransom of $68,000 (INR 57 Lakh) from the company. In a detailed...
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Anicut Capital Bags INR 92 Cr For Its Private Credit Fund III
Alternate investment firm Anicut Capital has reportedly raised $11 Mn (nearly INR 92 Cr) in dollar-denominated investments via a feeder fund based out of Gujarat International Finance Tec (GIFT) City....
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BSNL To Roll Out 5G Services By June 2025: Telecom Minister
Telecom minister Jyotiraditya Scindia has reportedly said that the state-run telecom operator Bharat Sanchar Nigam Limited (BSNL) will roll out the 5G network by June next year. As per PTI, Scindia...
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Hero Electric Agrees To Pay Penalties For FAME-II Violations
Electric vehicle (EV) maker Hero Electric has reportedly knocked on the doors of the Ministry of Heavy Industries (MHI) to settle the ongoing disputes involving misappropriation of FAME-II subsidies....
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After Job Cuts, Aakash Shuts Digital Classroom Programme
Coaching chain Aakash Educational Services Limited (AESL) has reportedly shut down its digital classroom programme. Multiple sources told Deccan Herald that the company has integrated its employees...
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Satcom Spectrum To Be Allocated Administratively But Not Free: Telecom Minister
Telecom minister Jyotiraditya Scindia on Tuesday (October 15) reportedly said that satcom spectrum will be allocated administratively but will come at a cost. As per PTI, Scindia said that the cost of...
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Eyeing Product Innovation, SaaS Startup Neuron7 Raises $44 Mn From Smith...
Enterprise tech startup Neuron7.ai has raised $44 Mn as part of its Series B round led by US-based investment firm Smith Point Capital. The round also saw participation from existing investors Nexus...
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Elon Musk Welcomes India’s Move To Allocate Satcom Spectrum Administratively
SpaceX and Starlink founder and CEO Elon Musk has “appreciated” the Indian government’s move to allot satellite communication (satcom) spectrum administratively. In a post on X, Musk said, “Much...
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Yatra’s Subsidiary Faces Insolvency Proceedings
Online travel aggregator (OTA) Yatra’s subsidiary, TSI Yatra, is facing insolvency proceedings. In an exchange filing, the travel tech company said that Ezeego Travels & Tours Ltd, which is...
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Aditya Birla Digital Fashion Invests INR 75 Cr In WROGN
Virat Kohli-backed fashion brand WROGN has raised about INR 75 Cr in funding from Aditya Birla Digital Fashion Ventures Ltd (ABDFVL). With this, ABDFVL has increased its stake in the D2C fashion brand...
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Over 10K Entities Whitelist 2.75 Lakh URLs After TRAI Directives
The Telecom Regulatory Authority of India (TRAI) has said that over 10,000 business entities have so far whitelisted more than 2.75 Lakh URLs. This is in line with TRAI’s August 20 directives, which...
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Google Licences AI Model To Indian Cos To Detect Blindness Among Diabetics
Big tech major Google said it has licensed its artificial intelligence (AI) model to two Indian companies, Forus Health and AuroLab, to help detect preventable early-stage blindness among diabetic...
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Not Concerned About New Entrants In Quick Commerce: Blinkit CEO
Zomato-owned Blinkit’s cofounder and CEO Albinder Dhindsa reportedly said that the quick commerce major is not concerned about new competitors entering the market. Dhindsa hinted that there is enough...
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Protest Erupt In Karnataka’s Kalaburagi Demanding Ban On Online Rummy Games
Protest reportedly erupted in Karnataka’s Kalaburagi demanding a complete ban on online rummy games in the state. As per TV9 Kannada, a social activist organisation called Namma Karnataka Sene held...
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iD Fresh Food Turns Profitable In FY24, Posts INR 1.8 Cr PAT
iD Fresh Food turned profitable in the financial year 2023-24 (FY24). The ready-to-cook food maker reported a net profit of INR 1.84 Cr during the fiscal year under review as against a loss of INR...
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PayU Defers IPO Plans, Eyes Public Listing In FY26 Now
Prosus-owned payments solutions major PayU India has reportedly delayed its public listing plans and now plans to go public in the financial year 2025-26 (FY26). The company was eyeing an initial...
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TRAI Extends Deadline For Comments On Satcom Spectrum Allocation Paper
The Telecom Regulatory Authority of India (TRAI) has extended the deadline for submitting comments on its consultation paper on satellite communication (satcom) spectrum allocation to October 25. The...
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