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Pine Labs To File DRHP For Up To $700 Mn IPO By June-End

Gearing up for its initial public offering (IPO) later this year, Peak XV-backed fintech unicorn Pine Labs reportedly plans to file its draft red herring prospectus (DRHP) with the Securities and...

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RIL Eyes Slice Of OpenAI Pie, Why Mainstreet Hung Up Its Shoes & More

Reliance Eyes Slice Of OpenAI Pie OpenAI is moving East in search of its next big funding meal. The AI juggernaut has held talks with homegrown conglomerate Reliance Industries, along with Saudi...

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China’s Rare Earth Export Curbs: India May Relax EV Localisation Norms

The Indian government is reportedly open to relaxing 50% localisation mandates for EV makers and suppliers under the PLI scheme following China’s curbs on rare earths exports. Citing sources, Bloomberg...

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Late Rakesh Jhunjhunwala’s Estate Exits Nazara

The estate of late investor Rakesh Jhunjhunwala has exited Nazara by divesting its remaining 5.07% shareholding in the online gaming major via open market transactions. As per BSE data, the estate sold...

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Ride-Hailing In Stress, Startup Funding Explodes & More

Ride-Hailing Giants In Regulatory Quagmire India’s ride-hailing giants seem to be fishing in roiling regulatory waters. Now, Goa chief minister Pramod Sawant has hinted that Ola and Uber’s entry into...

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UPI Gets Faster As NPCI’s New Mandates Kick In

The National Payments Corporation of India’s (NPCI) new mandates to reduce the response time for processing UPI payments kicked in on Monday (June 16).  The new rules direct remitter banks, beneficiary...

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TRAI Launches Digital Consent Management Platform To Curb Spam Calls

The Telecom Regulatory Authority of India (TRAI) has launched a pilot project to build a digital consent management system to curb spam calls.  Under the project, the regulator will validate the...

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Inside The ‘Jio Eat’ Scam, The MDR Paradox & More

Inside The ‘Jio Eat’ Scam At a time when people are going gaga over ultra-fast food deliveries, a new breed of imposters and cyber criminals has sprung up to defraud unsuspecting users of their...

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QRG Investment Dumps 3.89 Lakh Shares Of Awfis For INR 27 Cr

Awfis’s early investor QRG Investment & Holdings has offloaded 3.89 Lakh shares of the coworking space provider in an INR 26.64 Cr bulk deal. As per the BSE data, the family office of Havells...

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FirstCry Subsidiary GlobalBees Faces Insolvency Plea

Three individuals have filed a petition to initiate insolvency proceedings against GlobalBees Brands, a material subsidiary of listed kids-focussed omnichannel retailer FirstCry’s parent Brainbees...

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Razorpay Expands Fintech Verse, India’s EV Dreams Hit A Wall & More

Cha-Ching! Razorpay Expands Its Fintech Verse Stepping beyond its core B2B focus and entering the consumer space, Razorpay has now stepped into the UPI realm by acquiring a majority stake in digital...

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SEBI Overhauls Norms To Boost Startup IPOs & Reverse Flipping

The Securities and Exchange Board of India’s (SEBI) board has approved a slew of amendments to boost Indian startup listings and promote reverse flipping. At the 210th meeting in Mumbai, the market...

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The Otipy Collapse, Urban Company’s Profitable FY25 & More

How Otipy Ran Out of Stock Once a disruptor in the realm of the agritech sector with its fresh-from-farm model, Otipy’s end is as ironic as it can get. Well, the startup that raised $70 Mn from VCs...

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Vi Partners AST SpaceMobile For Satcom Services

Jumping on the satellite communications (satcom) bandwagon, Vodafone Idea (Vi) has announced a partnership with US-based AST SpaceMobile to launch direct-to-device satellite broadband services in the...

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Starlink Needs To Get Couple Of More Approvals From DoT: Telecom Secy

Telecom secretary Neeraj Mittal has reportedly said that satellite communications (satcom) operator Starlink will have to seek a few more approvals from the telecom department (DoT) before commencing...

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Elevation Capital Again Dumps ixigo Shares In INR 97 Cr Block Deal

VC firm Elevation Capital, formerly SAIF Partners India, offloaded over 53.98 Lakh shares of online travel aggregator (OTA) ixigo in a block deal worth INR 97.44 Cr yesterday.  As per the BSE data, the...

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Flipkart At Crossroads, Kuku FM Vs Pocket FM & More

Flipkart’s Quick Commerce Dilemma As Flipkart nears its much-anticipated D-Street debut, the ecommerce titan is grappling with a high-stakes dilemma. Should it chase revenue by burning capital in its...

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Bharti Enterprises’ Space Arm To Invest INR 313 Cr In Eutelsat

Bharti Enterprises’ space arm, Bharti Space Limited, will invest €31.4 Mn (nearly INR 313 Cr) in French satellite group Eutelsat.  The infusion is part of Eutelsat’s larger €1.35 Bn (around INR 11,250...

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News Publishers Flag Use Of Copyrighted Materials By AI Giants Without Consent

Amid the ongoing dogfight between publishers and AI giants, news portals and content platforms have reportedly flagged the use of their copyrighted data for training large language models (LLMs)...

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Karnataka Bike Taxi Ban: Police Detains Protesting Drivers

The Bengaluru Police reportedly detained a group of bike taxi drivers yesterday for protesting outside the Vidhana Soudha. As per news agency PTI, the drivers were detained for protesting against the...

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