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Zomato Shuts 15-Minute Food Delivery Service Quick, Everyday

India, May 1 -- Just over three months after launching its 15-minute food delivery service, foodtech major Zomato is shutting down the 'Quick' service. In its shareholders letter, Zomato parent Etern... Read More


IPO-Bound Urban Company Faces INR 51 Cr GST Demands

India, April 29 -- IPO-bound consumer services unicorn Urban Company is facing demand notices from GST departments in various states worth INR 51.25 Cr As per the company's draft red herring prospect... Read More


Foxconn, Others Plan Investments Under Electronics Component PLI: Report

India, April 29 -- Foxconn, Tata Electronics, Zetwerk and Dixon are among the companies reportedly eyeing investments in India under the newly launched production-linked incentive (PLI) scheme for ele... Read More


IPO-Bound Meesho Renames Parent Company To Align Corporate & Brand Identity

India, April 29 -- In the run up to its IPO, ecommerce major Meesho has altered its legal name to 'Meesho Private Limited' from 'Fashnear Technologies Private Limited'. In a filing with the MCA, the ... Read More


BluSmart Seeks Climate Funds To Revive Operations: Report

India, April 28 -- Troubled ride-hailing major BluSmart is reportedly in discussions with two climate and mobility-focused distressed funds to revive operations. "One of the funds has been a large (b... Read More


PM E-DRIVE: Govt Aims To Cut Processing Time For EV Subsidy Claims

India, April 28 -- The Ministry of Heavy Industries (MHI) is reportedly planning to reduce the processing time for EV subsidy claims from 40 days to just five. A Business standard report said that to... Read More


EV Startup River's Revenue Surges 21X To Cross INR 100 Cr Mark In FY25

India, April 26 -- Bengaluru-based EV startup River's operating revenue skyrocketed nearly 21X to INR 104 Cr in the financial year ended March 31, 2025 (FY25) from INR 5 Cr in the previous fiscal year... Read More


IN-SPACe Unveils Initiative To Help Private Firms Build Small Satellite Bus Platforms

India, April 26 -- The Indian National Space Promotion and Authorisation Centre (IN-SPACe) has launched a new programme for private space companies to design and build small satellite bus platforms. ... Read More


Apple Plans To Shift Entire US iPhone Assembly To India By 2026: Report

India, April 25 -- Apple is reportedly planning to shift the entire assembly of iPhones sold in the US to India by as early as next year. This would mark a major move in Apple's global manufacturing ... Read More


VinFast Plans To Open Tamil Nadu EV Plant By June

India, April 24 -- Over a year after announcing setting up of an EV manufacturing facility in Tamil Nadu, Vietnamese EV major VinFast now plans to open it by the end of June. VinFast's India plant, l... Read More