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Cloud Payments Made To AWS Are Not Taxable As Royalty Or Technical Fees: Delhi HC

India, May 30 -- The Delhi High Court has reportedly ruled that payments received by Amazon Web Services (AWS) from Indian entities for cloud computing services are not taxable as royalty or fees for ... Read More


IFC Commits $30 Mn To L Catterton's $600 Mn India Fund

India, May 28 -- The International Finance Corporation (IFC), the private investment arm of the World Bank, has proposed a $30 Mn infusion in India-focussed consumer fund launched by L Catterton Asia ... Read More


Agritech Startup GROWiT Bags $3 Mn From GVFL, Others

India, May 28 -- Surat-based agritech startup GROWiT has raised $3 Mn in a Series A funding round led by GVFL, with participation from Veloce Opportunities Fund, JITO, We Founder Circle, Sunicon Ventu... Read More


Fleetx Raises $13 Mn To Help Logistics Companies Digitise Operations

India, May 27 -- Gurugram-based fleet management and predictive analytics startup Fleetx.io has raised INR 113 Cr (around $13.2 Mn) in a Series C funding round co-led by existing backers IndiaMART Int... Read More


Groww Files Confidential IPO Papers With SEBI

India, May 26 -- Investment tech startup Groww has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) through a c... Read More


Groww Files IPO Papers Via Confidential Filing

India, May 26 -- Investment tech startup Groww has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) through a c... Read More


Airtel Payments Bank's Profit Jumps 83% To INR 63 Cr In FY25

India, May 22 -- Airtel Payments Bank's consolidated net profit jumped 82.6% to INR 63 Cr in the financial year ended March 31, 2025 (FY25) from INR 34.5 Cr in the previous fiscal year, driven by stro... Read More


360 ONE Asset Launches INR 500 Cr VC Fund To Back Early-Stage Startups

India, May 22 -- 360 ONE Asset, a wholly-owned subsidiary of 360 ONE WAM, has launched an INR 500 Cr (around $60 Mn) early-stage venture capital fund. The sector-agnostic fund will target seed and Se... Read More


360 ONE Asset Launches INR 500 Cr VC Fund To Back Early Stage Startups

India, May 22 -- 360 ONE Asset, a wholly-owned subsidiary of 360 ONE WAM, has launched an INR 500 Cr (around $60 Mn) early stage venture capital fund. The sector-agnostic fund will target seed and Se... Read More


IREDA Moves Debt Recovery Tribunal To Recover INR 729 Cr From Gensol

India, May 21 -- After filing an insolvency plea against Gensol Engineering, the Indian Renewable Energy Development Agency (IREDA) has now approached the Delhi debt recovery tribunal (DRT) to recover... Read More