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Yulu Cuts Its FY25 Loss By 12% To INR 126 Cr, Revenue Doubles YoY

India, Dec. 5 -- Electric mobility service provider Yulu cut its FY25 loss by 12% to INR 126 Cr from INR 142.8 Cr loss incurred in the previous fiscal year on the back of a robust uptick in its top li... Read More


[Update] VinFast To Pump In $500 Mn To Build E2W Manufacturing Base In Tamil Nadu

India, Dec. 4 -- Update | December 4, 22:00 IST Vietnam-based VinFast has now signed an MoU with the Tamil Nadu government to expand its Thoothukudi facility, marking an extension of its India roadma... Read More


RIL Kicks Off IPO Preparations For Jio Infocomm

India, Dec. 4 -- Months after chairman Mukesh Ambani disclosed Jio Infocomm's IPO plans, Reliance Industries (RIL) has reportedly begun preparing the draft prospectus for the listing. According to Bl... Read More


[Update] Meesho IPO: Issue Oversubscribed 7.97X On Day 2

India, Dec. 4 -- Update | December 4, 19:55 IST Ecommerce major Meesho's IPO ended its second day on a high. At the end of its Thursday, the IPO was oversubscribed by 7.97X receiving bids for 221.61 ... Read More


Ultraviolette Bags Additional $45 Mn Amid Global Expansion

India, Dec. 4 -- At a time when electric premium bike manufacturer Ultraviolette is increasingly focussing on penetrating international markets, the Bengaluru-based startup has managed to raise an add... Read More


Moglix-Owned Credlix Acquires Majority Stake In NBFC Vanik Finance

India, Dec. 4 -- Credlix, the supply chain financing arm of B2B ecommerce unicorn Moglix has acquired a majority stake in Delhi-based NBFC Vanik Finance for around INR 80 Cr (about $8.9 Mn). "Vanik F... Read More


Meesho IPO: Issue Oversubscribed 5.23X So Far On Day 2

India, Dec. 4 -- Ecommerce major Meesho's IPO continued to see steady investor interest and was oversubscribed 5.23X as of 14:18 IST. It received bids for 145.20 Cr shares against 27.79 Cr shares on o... Read More


How Centre's Revision Of Criteria For Small Companies Will Help Startups

India, Dec. 3 -- The Ministry of Corporate Affairs (MCA) has revised upwards the criteria for entities to qualify as a small company. As per a notification issued by the ministry, an entity with a pai... Read More


Modulus Housing Emerges Out Of Stealth Mode, Nets INR 70 Cr

India, Dec. 2 -- Delays in construction projects is not a new thing in India. A May 2024 report by the ministry of statistics on infrastructure projects states that more than 800 out of the 1,800+ ong... Read More


Modulus Housing Nets INR 70 Cr To Make Low-Rise Buildings In 30 Days

India, Dec. 2 -- Delays in construction projects is not a new thing in India. A May 2024 report by the ministry of statistics on infrastructure projects states that more than 800 out of the 1,800+ ong... Read More