FIU To Hear Pleas Of Seven Banned Crypto Platforms To Restart India Ops
The Finance Ministry’s FIU will reportedly hear the petitions of seven offshore crypto platforms seeking to restart operations in India.
Wealthtech Startup Centricity Bags $20 Mn From Lightspeed, Others To Build GenAI Modules
Wealthtech startup Centricity has raised $20 Mn in its seed funding round, led by Lightspeed, at a valuation of $125 Mn.
Explained: CCI’s New Rules To Tighten Grip Around “Substantially” Big Digital Players
Heeding to the demands of industry bodies, CCI has further tightened its grip on big tech giants operating in the country.
MCA Floats New Rules, Exempts Startups Looking To Reverse Flip From NCLT Nod
MCA has now exempted overseas startups looking to merge into their wholly-owned Indian subsidiaries from seeking clearance from NCLT.
Semiconductor Major NXP To Invest $1 Bn In India To Expand R&D
NXP CEO Kurt Sievers has said that the Dutch semiconductor design company will invest more than $1 Bn in India over the next few years.
Moving Beyond Basics: ISM Phase II To Focus On Attracting Component Cos & Raw Material Suppliers
IT Minister Ashwini Vaishnaw has said that the government will kick off the second phase of ISM in the next three to four months.
Cabinet Approves PSM Scheme With INR 3,435 Cr Outlay To Promote Adoption Of Ebuses
PM-eBus Sewa-Payment Security Mechanism (PSM) scheme to support the deployment of over 38,000 ebuses during FY25-FY29 period
EV Subsidy Scheme: Cabinet Approves PM E-DRIVE With An Outlay Of INR 10,900 Cr
The union cabinet has approved PM E-DRIVE Scheme with an outlay of INR 10,900 Cr for a period of two years
Now, Aditya Birla Finance Accuses BYJU’S Resolution Professional Of ‘Fraud’
The interim resolution professional of edtech firm BYJU'S is facing allegations of fraud from Aditya Birla Finance.
Microsoft Backed G42 Unveils Hindi LLM ‘NANDA’
Abu Dhabi-based AI and cloud computing company G42 unveiled a Hindi large language model (LLM), NANDA. The LLM will be launched soon
Porter Joins ONDC To Expand Its Hyperlocal Delivery Playbook
Bengaluru-based Porter has joined the ONDC to meet the growing demand for hyperlocal deliveries.
Nazara To Acquire 15.9% Stake In Gaming Community Platform STAN For INR 18.4 Cr
Nazara has signed a share purchase agreement to acquire the stake in STAN through its wholly owned subsidiary Nazara Dubai FZ
‘Dissatisfied’ With Servicing, Ola Electric Customer Sets Showroom Ablaze In Karnataka
A 26-year-old mechanic set fire to an Ola Electric showroom in Kalaburagi, Karnataka.
Purplle’s FY24 Sales Zoom 43% To INR 680 Cr, Loss Almost Halves
Purplle FY24: It reported an operating revenue of INR 679.6 Cr in FY24, an increase of 43% from INR 475 Cr in the previous fiscal year
ONDC Rolls Out Saarthi To Help Businesses Build Customised Buyer Apps
The government-backed ONDC has launched a an application designed to assist business owners in building their own customised buyer-side apps.
Zaggle Shares Rally 14% To Touch A Fresh All-Time At INR 420
Shares of Zaggle rallied over 14% during the intraday trading on Wednesday to reach an all-time high at INR 420 apiece on the BSE.
Semicon India 2024: India Eyeing 3-4 Major Semiconductor Design Products In Next Few Years, Says Ashwini Vaishnaw
He said that India has set a benchmark for the world regarding fast approval and kicking off construction on new semiconductor plants
Former Barista Executives’ Go5 Incorporation Expands Its Portfolio With Ecommerce Venture Deal99
Go5 Incorporation, led by ex-Barista CEO Puneet Gulati, launches Deal99 ecommerce platform
BYJU’S Insolvency Case: SC To Hear Glas Trust’s Plea On Sept 17
The Supreme Court today (September 11) said that it will hear on September 17 the appeal of US-based creditor Glas Trust Company LLC
Zivy Pockets Funding To Simplify Workplace Tasks Via AI Solutions
The startup has secured $1.2 Mn (INR 10 Cr) in a Pre-Seed funding round led by Blume Ventures
Semicon India 2024: PM Modi Says India Embracing All Measures To Become Semiconductor Powerhouse
While inaugurating the Semicon India 2024 event, PM Modi said India is taking all necessary measures to become a semiconductor powerhouse.
Ahead Of IPO, InMobi Nets $100 Mn Debt To Boost Its AI Stack
Adtech startup InMobi has secured $100 Mn in debt funding as India’s first unicorn prepares for its initial public offering (IPO).
D2C FMCG Startup Mitra Bags Funding From Bestvantage, Others To Bolster Its Supply Chain Capacity
D2C FMCG startup Mitra has raised INR 11 Cr ($1.3 Mn) in its Pre-Series A funding round led by Bestvantage Investments
India’s Automotive Sector Key To Economic Growth, Should Focus On Green & Clean Mobility: PM Modi
The PM has asked the automotive industry to embrace global best practices in India while advancing green and clean mobility solutions
Uber Brings Back Its Premium ‘Black’ Service To India After 10 Years
After a gap of almost 10 years, Uber has announced the relaunch of its high-end Uber Black service in India, starting with Mumbai next week