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Homegrown beer brand Proost Beer has raised INR 30 Cr around $3.5 Mn as part of its ongoing Series A funding round led by Chimes Group. The round also saw participation from…
CarTrade shares rallied 13%, reaching a new 52-week high of INR 1336.40. The surge was driven by strong quarterly results and positive market sentiment. CarTrade’s performance was…
The Madras High Court has restrained the granting of the M.S. Subbulakshmi Award to musician T.M. Krishna. The case involved a challenge to the award on the grounds that the…
Mohammed Zubair, co-founder of Alt News, moved the Allahabad High Court to quash an FIR filed by the Ghaziabad Police accusing him of promoting enmity among religious groups…
The Delhi High Court ruled that it is not necessary for the Special Court under the Prevention of Money Laundering Act PMLA to record reasons for taking cognizance of an…
The Karnataka High Court upheld a government order mandating the purchase of certified and truthfully labeled seeds. The court emphasized the importance of ensuring seed quality…
The Rajasthan High Court upheld a Revenue Board order regarding land mutation entry in favor of Doli Mandit Shri Thakur Ji Purohitan. The court found that the mutation entry was…
The All India Consumer Products Distributors Federation AICPDF flagged concerns over unsold inventory of Honasa Consumer, the parent company of Mamaearth, worth INR 300 crore. The…
Zomato extended its lead over Swiggy in the food delivery market, capturing a 58% market share. The company’s growth was driven by strategic investments in technology, customer…
The Reserve Bank of India RBI warned banks of strict action for failing to comply with Know Your Customer KYC norms. The central bank emphasized the importance of KYC compliance…
Ustraa, a men’s grooming brand, reported a 25% increase in its FY24 losses, amounting to INR 50 crore. The company attributed the widening losses to increased marketing expenses…
SolarSquare, a solar energy startup, is set to triple its valuation with fresh funding. The company plans to use the new capital to expand its operations, enhance its product…
Dairy startup Doodhvale Farms raised $3 million to expand its product portfolio and enhance its distribution network. The funding will be used to introduce new dairy products,…
A PMO advisor emphasized the need to lower the Goods and Services Tax GST on electric vehicle EV batteries and charging infrastructure. The advisor argued that reducing the GST…
OfBusiness, a B2B commerce platform, initiated its initial public offering IPO process by onboarding five banks. The company plans to use the IPO proceeds to expand its…
Apple India reported a 23% increase in net profit to Rs 2,746 crore for FY24, with total revenue rising to Rs 67,152 crore, marking a 36% growth from the previous year. The…
Dezerv, a wealth management platform, reported Rs 26 crore in revenue for FY24 but incurred a loss of Rs 75 crore. The company’s losses widened due to increased spending on…
Ferns N Petals, a leading gifting and flower delivery company, crossed Rs 700 crore in revenue for FY24, with losses dropping by 78%. The company’s improved financial performance…
Amazon Business announced its “Business Value Days” sale, offering discounts of up to 70% on a wide range of products. The sale aims to attract small and medium-sized enterprises…
Yubi, a fintech company, announced its acquisition of NBFC Factor India to expand its trade finance operations. The acquisition aims to enhance Yubi’s capabilities in providing…
The Securities and Exchange Board of India SEBI is considering stricter rules for SME IPOs, including a proposal to increase the minimum application size. The proposed changes aim…
Netcore, a marketing technology company, raised $100 million in a funding round led by a global investment firm. The funds will be used to expand Netcore’s product offerings,…
Deepinder Goyal, founder of Zomato, launched a new initiative called “Chief of Staff” with a starting salary of Rs 20 lakh per annum. The role is designed to support the executive…
ICICI Bank revised its rewards program for utility, insurance, and grocery payments. The new program offers enhanced rewards and cashback options for customers using ICICI Bank…
Indian insurtech funding dropped by 40% in 2023, but the sector showed multifold growth in revenue. The decline in funding is attributed to the global economic slowdown and…
The Indian IPO market saw a surge in September, with 47 companies raising over Rs 16,000 crore. Of these, 61% of the companies are trading above their issue price, indicating…
India is likely to exceed its capital expenditure capex target of ₹11.1 trillion for FY25, according to Economic Affairs Secretary Ajay Seth. He emphasized that there is no…
Nippon India Mutual Fund has launched two new passive funds tracking the auto and realty sectors. These funds aim to provide investors with exposure to these specific sectors,…
The Reserve Bank of India RBI net purchased $8.52 billion of US dollars in the first half of FY25, according to the central bank’s bulletin. This move is part of the RBI’s…
Inflows into Non-Resident Indian NRI deposits nearly doubled to $10.2 billion in the first half of FY25, according to the Reserve Bank of India RBI . This significant increase…
The Indian government has initiated measures to expedite visa approvals for Chinese technicians, providing relief to companies under the Production Linked Incentive PLI scheme.…
Defence Public Sector Undertaking PSU BEML has secured an order worth ₹246.78 crore from Central Coalfields Limited CCL . The order involves the supply of mining equipment,…
Wockhardt Chairman Habil Khorakiwala has called for a Goods and Services Tax GST exemption for antibiotics discovered in India. He argues that such an exemption would encourage…
The Delhi High Court stayed the trial court proceedings against P. Chidambaram in the Aircel-Maxis case, where he is accused of money laundering and corruption. The court’s…
The Rajasthan High Court ruled that the sale of land under the Rajasthan Colonization Act requires prior permission from the state government. The court emphasized that any sale…
Indian solar firms face potential cost increases as China reduces export rebates on key photovoltaic components from 13% to 9%, effective December 1, 2024. This reduction is part…
The Gauhati High Court ruled that an income tax return ITR cannot be equated with the average annual financial turnover document. The case involved a taxpayer whose ITR showed a…
The Rajasthan High Court upheld the compulsory retirement penalty imposed on a judge for misconduct. The case involved allegations of misconduct against the judge, leading to…
The Supreme Court has dismissed a plea by retired judge Ranjit Singh seeking action against Sukhbir Badal and Bikram Majithia for derogatory remarks made against him in connection…
Shemaroo Entertainment has partnered with PWR Chain to explore blockchain innovation in digital entertainment. The collaboration aims to leverage blockchain technology to enhance…
The Rajasthan High Court has initiated contempt proceedings against the Jodhpur Collector for ignoring court orders. The case involves the Collector’s failure to comply with a…
Indians traveling abroad can now make UPI payments using the Paytm app, as the fintech giant has rolled out ‘UPI International’ in select overseas markets. Paytm users can avail…
MapmyIndia-backed Kogo unveiled an online AI store for SMEs. The platform aims to provide small and medium enterprises with AI-powered tools to enhance their operations and…
Zomato’s CEO announced that the company’s food delivery business is expected to grow 30% annually over the next five years. The growth will be driven by expanding market reach,…
CarTrade shares rallied 13%, reaching a new 52-week high of INR 1336.40. The surge was driven by strong quarterly results and positive market sentiment. CarTrade’s performance was…
Motilal Oswal gave a neutral rating to Swiggy, setting a price target of INR 475. The report highlighted Swiggy’s strong market position and growth potential but noted challenges…
Indic Wisdom, a maker of wood-pressed oils, raised $2 million from Rockstud Capital. The funds will be used to expand production capacity, enhance distribution networks, and…
The Karnataka High Court was bemused by a senior citizen’s claim that 27 kg of ganja grew in his backyard due to pollination. The court noted the implausibility of the claim and…
A plea was filed in the Kerala High Court challenging the age cap for mediators. The petitioner argued that the age limit of 70 years for mediators was arbitrary and…
The National Company Law Tribunal NCLT issued a notice to Caparo Financial Solutions Limited and its directors in a plea filed by Caparo Mauritius Limited. The plea, filed by…
Homegrown beer brand Proost Beer has raised INR 30 Cr around $3.5 Mn as part of its ongoing Series A funding round led by Chimes Group. The round also saw participation from…
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