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New-Age Tech Stocks' M-Cap Surges $5 Bn, FirstCry & Eternal Gain Big

India, June 8 -- The Indian equity market ended the week with a strong rally following the RBI's decision to cut repo rate by 50 basis points (bps). In line with this, new-age tech stocks under Inc42'... Read More


From Snitch To Stable Money - Indian Startups Raised $134 Mn This Week

India, June 7 -- The volatility in the funding trends across the Indian startup ecosystem continued in the first week of June. After plunging significantly in the last week of May, investment activity... Read More


Nvidia, Andhra Govt To Set Up AI University, Upscale 10,000 Students

India, June 6 -- The Andhra Pradesh government has signed a memorandum of understanding (MoU) with chipmaker Nvidia to establish an AI university in the state. Besides the AI university, the two part... Read More


BYJU'S Riju Ravindran Asks NCLT To Eject US Lenders From Insolvency Case

India, June 5 -- BYJU'S cofounder Byju Raveendran's brother and former director of the edtech Riju Ravindran has moved the National Company Law Tribunal (NCLT), seeking GLAS Trust's removal from the c... Read More


PhonePe Appoints Ex-Standard Chartered CEO To Board

India, June 5 -- In the run up to its public listing, fintech giant PhonePe has appointed former Standard Chartered Bank CEO Zarin Daruwala as an independent director to its board. Daruwala, who step... Read More


IPO-Bound Navi Finserv's FY25 Profits Plunge 67% To INR 222 Cr

India, June 5 -- Ahead of its stock market debut in the financial year 2025-26 (FY26), Sachin Bansal-led Navi Finserv has seen a steep decline in its FY25 net profit. The fintech major's profit after... Read More


IPO-Bound Navi Finserv's FY25 Profit Tanks 67% To INR 222 Cr

India, June 5 -- Ahead of its stock market debut in the financial year 2025-26 (FY26), Sachin Bansal-led Navi Finserv has seen a steep decline in its FY25 net profit. The fintech major's profit after... Read More


Groww To Raise $202 Mn From GIC, ICONIQ Ahead Of IPO

India, June 5 -- IPO-bound fintech unicorn Groww is on course to raise $202.3 Mn (around INR 1,735 Cr) in a Series F funding round from investors like GIC and ICONIQ Capital. The startup's board will... Read More


Accel Offloads BlackBuck Shares Worth INR 203.8 Cr

India, June 3 -- Shortly after its Q4 financial disclosures, BlackBuck's seed investor Accel has offloaded 4.85 Mn or 48.5 Lakh shares in the logistics major through two bulk deals today. The VC firm ... Read More


Aakash Moves NCLT Against EY India Over Conflict Of Interest

India, June 3 -- A week after accusing EY India of conflict of interest, Aakash Educational Services Limited (AESL) has now moved the National Company Law Tribunal (NCLT) against the consulting giant.... Read More