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ONDC Again Delays Network Fee Implementation

India, May 2 -- The state-backed Open Network for Digital Commerce (ONDC) has again postponed its planned network fee for seller apps. The fee will now be collected from July 1. The move follows the ... Read More


Kaleidofin Bags $5.3 Mn To Boost Its Lending Portfolio

India, May 2 -- Fintech neobanking startup Kaleidofin has secured $5.3 Mn (around INR 44.5 Cr) in a fresh funding round from IDH Farmfit Fund. With this fresh infusion, the company plans to scale up ... Read More


Adani Group Pauses Talks On $10 Bn Chip Deal With Tower Semiconductor

India, May 1 -- Gautam Adani-led ports-to-power conglomerate Adani Group has reportedly put a pause on its $10 Bn chip venture discussions with Israel's Tower Semiconductor. Citing sources close to t... Read More


Dixon Forms JV With Taiwan's Inventec To Make PC Products In India

India, May 1 -- Homegrown electronics manufacturer Dixon Technologies has entered into a joint venture (JV) with Taiwan-based manufacturing company Inventec Corporation to make notebook and desktop PC... Read More


Maharashtra Approves New EV Policy With Tax Waivers, Infra Push

India, April 30 -- The Maharashtra Cabinet, led by chief minister Devendra Fadnavis, has approved the new electric vehicle (EV) policy 2025, aimed at boosting electric mobility adoption and manufactur... Read More


Leap Elevates Senior Executive Rajan Chaudhary To Cofounder

India, April 30 -- San Francisco and Bengaluru-based overseas education startup Leap has elevated its senior executive Rajan Chaudhary as cofounder of the company, effective immediately. The company ... Read More


Metafin Bags $10 Mn To Finance Clean Energy Adoption

India, April 29 -- Cleantech-focussed non-banking finance company Metafin has raised $10 Mn (around INR 85 Cr) in its Series A round led by Temasek's subsidiary, Vertex Ventures Southeast Asia and Ind... Read More


UPI Outage: NPCI Directs Banks To Limit 'Check Transaction' API Usage

India, April 29 -- In view of the mega unified payments interface (UPI) outage earlier this month, the National Payments Corporation of India (NPCI) has issued a circular to PSP (Payment Service Provi... Read More


Laptop Maker Primebook Bags $2 Mn From Inflection Point Ventures, Others

India, April 29 -- Laptop maker Primebook has secured Pre-Series A funding of $2 Mn (around INR 17 Cr) in a mix of equity and debt infusion. The round saw participation from Inflection Point Ventures... Read More


Rapido Planning For Food Delivery Pilot In Bengaluru Soon: Report

India, April 28 -- Ride-hailing platform Rapido is reportedly planning to launch a pilot programme for its quick food delivery service in Bengaluru soon. An ET report, citing sources familiar with th... Read More