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BYJU’S Term Loan B Lenders Oppose EGM Of Aakash
A consortium of BYJU’S’ US-based lenders have reportedly opposed the extraordinary general meeting (EGM) called by the troubled edtech startup’s subsidiary Aakash on Wednesday (November 20). As per...
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Piyush Goyal Asks Ecommerce Players To Follow & Respect FDI Laws
Training guns yet again on online marketplaces, commerce minister Piyush Goyal directed ecommerce platforms to stick to the rule of the law on foreign direct investments (FDI). “The law of the land is...
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TRAI To Release Satcom Spectrum Recommendations & Pricing By December
Telecom Regulatory Authority of India (TRAI) chairman Anil Kumar Lahoti has reportedly said that the regulator will likely release its recommendations for spectrum assignment and pricing of satcom...
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Need To Lower GST On EV Batteries, Charging Infra: PMO Advisor
Advisor to the Prime Minister, Tarun Kapoor, has reportedly underscored the need to lower goods and services tax (GST) on electric vehicle (EV) batteries and charging infrastructure to increase EV...
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Rural India Emerged As A Goldmine For Ecommerce Platforms In Festive Season: RBI
The Reserve Bank of India (RBI) has said that rural India emerged as a “goldmine” for ecommerce platforms in the recently concluded festive season. In its monthly bulletin for November 2024, the...
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Zomato Delists Multiple Potentially Fraudulent Single-Dish Restaurants
Days after users flagged multiple single-dish restaurants listed on Zomato, the foodtech major has cracked the whip and delisted multiple “potentially fraudulent” eateries. “We have identified all...
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[Update] Zomato’s Job Listing: CEO Says INR 20 Lakh Fees Merely A Filter
Update | November 21, 09:39 PM Amid criticism from multiple quarters over his novel job listing, Zomato cofounder and CEO Deepinder Goyal on Thursday (November 21) issued a clarification and said that...
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Zepto Bags Another $350 Mn From Domestic Investors
Continuing its funding spree, quick commerce major Zepto has raised another $350 Mn (about INR 2,950 Cr) in a round led by Motilal Oswal’s private wealth division. The round also saw participation from...
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Need Graded PLI 2.0 To Boost Smaller EV Players: Kinetic Green Founder
Electric vehicle (EV) maker Kinetic Green’s founder and CEO Sulajja Firodia Motwani has reportedly pitched for rolling out a graded second iteration of the performance-linked-incentive (PLI) scheme to...
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RBI Notifies Amended Forex Rules For Startups
To enable ease while doing business for startups, the Reserve Bank of India (RBI) has notified the amended Foreign Exchange Management Regulations, 2024. Dated November 19, the new amendments pave the...
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Westbridge Capital Offloads 2% Of Its Stake In Freshworks
Private equity (PE) firm Westbridge Capital Management sold 2.75 Lakh shares of Nasdaq-listed SaaS company Freshworks in the quarter ended September 2024. As per its SEC filings, the India-focussed...
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Quick Commerce Will Create More Jobs Than Railways In 3 Years: Zepto CEO
Responding to concerns that quick commerce platforms were hurting traditional kirana stores, Zepto cofounder and CEO Aadit Palicha has reportedly termed such “narratives” false and without data. In a...
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Matrimony.com Forays Into Online Job Market With ‘ManyJobs’
Matchmaking platform Matrimony.com has ventured into the online recruitment space with the launch of a separate vertical, called ManyJobs.com. As per news agency PTI, the new platform will target “grey...
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CCI Clears Google’s Stake Acquisition in Flipkart
The Competition Commission of India (CCI) has approved Google parent Alphabet’s stake acquisition in ecommerce major Flipkart. “Commission approves transaction involving subscription of shares of...
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SoftBank’s Masayoshi Son To Meet PM Modi
Ace investor and SoftBank founder Masayoshi Son will reportedly meet Prime Minister (PM) Narendra Modi in Delhi on Wednesday (November 27). Son, who is currently on a brief visit to India, also met...
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NCLAT Dismisses Insolvency Petition Against Amazon’s B2B Arm
The National Company Law Appellate Tribunal (NCLAT) has dismissed a plea that sought to initiate insolvency proceedings against Amazon Wholesale (India). Setting aside the petition filed by Multiplier...
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Work On AI With 10-Year Perspective: Masayoshi Son To Indian Founders
Japanese tech investor SoftBank’s CEO Masayoshi Son urged the founders of his portfolio startups in India to “work” on artificial intelligence (AI) with a 10-year perspective. As per news agency PTI,...
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Honda Enters EV Segment With The Launch Of Two Escooters
After much ado, Honda Motorcycle & Scooter India (HMSI) has finally forayed into the electric vehicle (EV) segment with the launch of two electric scooters – Activa E and QC1. In a statement, the...
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Awfis Reports Breach Of Insider Trading Norms By Sr Executive
Coworking space provider Awfis reported violation of insider trading rules by one of its executives. In an exchange filing, Awfis said its vice-president of sales Anandita Seal Sarkar sold 15,764...
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TRAI Assures No Delay In OTP Delivery After December 1
The Telecom Regulatory Authority of India (TRAI) has categorically refuted reports that suggested that telecom subscribers could face delays in receiving one time passwords (OTP) for online...
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