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DroneAcharya Puts Merger With AITMC On Hold

India, May 14 -- BSE SME-listed DroneAcharya has taken a U-turn from its decision to merge with agri-drone company AITMC Ventures and has decided to put the merger on hold. In a regulatory filing, Dr... Read More


Leadership Shake Up At Flipkart As Four Senior Executives Quit

India, May 13 -- Amid public listing plans, Walmart-owned Flipkart has been witnessing a major leadership shake-up. At least four executives, including a senior vice president (SVP) and three other vi... Read More


Uber To Take On Porter With Expansion Of Courier Service For Large Deliveries

India, May 12 -- Mobility major Uber has announced the expansion of its courier service Uber Courier with the launch of Courier XL in India to deliver large goods. In a statement, Uber said that the ... Read More


Tesla Eyeing Assembly Plant In Satara: Report

India, May 12 -- Moving closer to its India entry, EV giant Tesla is reportedly planning to set up an assembly unit in Maharashtra's Satara. A Business Standard report said that the Elon Musk-led com... Read More


Delhi HC Orders Seizure Of 129 BluSmart Vehicles

India, May 9 -- The Delhi High Court has ordered seizure and relocation of 129 electric vehicles leased by Gensol Engineering to ride-hailing startup BluSmart, following a petition by lender STCI Fina... Read More


ideaForge Shares Hit 20% Upper Circuit Despite Poor Q4 Show

India, May 9 -- Shares of ideaForge rallied 20% to hit the upper circuit at INR 463.20 during the intraday trading session on the BSE today, compared to its previous closing price of INR 386. ideaFor... Read More


OYO's Profit Zooms 2.7X To INR 623 Cr In FY25: Ritesh Agarwal

India, May 8 -- OYO's net profit more than doubled year-on-year in FY25, with the hospitality major becoming the "most profitable startup in the country", its founder and CEO Ritesh Agarwal told emplo... Read More


Posha Secures $8 Mn To Automate Home Cooking

India, May 7 -- Kitchen assistance robot maker Posha (formerly known as Nymble Labs) has raised $8 Mn (around INR 67 Cr) in a Series A funding round led by Accel. The round also saw participation fro... Read More


Decoding UK-Based Fintech Revolut's India Playbook

India, May 5 -- Europe's largest neobank Revolut created a buzz when it announced its Indian foray in 2021. At the time, it was touted as a potential competitor to some of the biggest fintech players ... Read More


91trucks Bags INR 43 Cr From Arkam Ventures, Others

India, May 5 -- Delhi NCR-based commercial vehicle marketplace 91trucks has raised INR 42.92 Cr (around $5 Mn) in a funding round led by Arkam Ventures along with Titan Capital, Sparrow Capital and In... Read More