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Zomato, Swiggy Deliveries To Get Costlier With New 18% GST

India, Sept. 4 -- India's food delivery and quick commerce companies are staring at higher costs after the GST Council decided to impose an 18% tax on delivery fees under the new Goods and Services Ta... Read More


SoftBank Offloads 2.15% Stake In Ola Electric

India, Sept. 4 -- Japanese investor SoftBank has decreased its holding in Ola Electric by selling 9.4 Cr equity shares, amounting to 2.15% of the company's total share capital, via a series of open ma... Read More


IPO-Bound DevX Sees Profit Surge 3.9X In FY25

India, Sept. 3 -- IPO-bound coworking space provider Dev Accelerator (DevX) reported its net profit rising 286% to INR 1.7 Cr in the year ended March 2025 (FY25) from INR 44 Lakh in FY24. The company... Read More


India's Semiconductor Moment Is Here, But Is This Just About Optics?

India, Sept. 3 -- With the launch of ISRO's Vikram 32-bit processor this week at the Semicon India 2025 event, India now has its first indigenous space-grade computer chip for rockets. Designed to wi... Read More


Delhi HC Dismisses Ultrahuman's Patent Suit Against Oura

India, Sept. 3 -- The Delhi High Court (HC) has dismissed Ultrahuman's patent infringement lawsuit against Finnish wearable maker Oura. In an order passed on September 1 (Monday), the HC observed that... Read More


Urban Company's Profit Halves In Q1 FY26; Revenue Rises To INR 367 Cr

India, Sept. 2 -- IPO-bound consumer services unicorn Urban Company's net profit declined 45.2% to INR 6.9 Cr in the first quarter of the fiscal year ending March 2026 (Q1 FY26), from INR 12.6 Cr in t... Read More


Zomato Denies Moving To Zero Commission Model For Restaurants

India, Sept. 1 -- Food delivery major Zomato's parent Eternal is said to be weighing alterations to its commission models and has begun discussions with restaurants across the country. As per an NDTV... Read More


Flipkart Acquires Majority Stake in Pinkvilla To Woo Gen Z Audiences

India, Sept. 1 -- In an effort to expand its content offerings, ecommerce major Flipkart has acquired a majority stake in Pinkvilla India, a digital media platform for an undisclosed sum. The move fo... Read More


Will Zomato Move To Zero Commission Model For Restaurants?

India, Sept. 1 -- Food delivery major Zomato's parent Eternal is said to be weighing alterations to its commission models and has begun discussions with restaurants across the country. As per an NDTV... Read More


LEAP India's FY25 Profit Remains Flat Despite 28% Revenue Growth

India, Sept. 1 -- IPO-bound LEAP India's net profit remained almost flat at INR 37.5 Cr in the year ended March 2025 (FY25) as against INR 37.1 Cr in FY24 despite a strong growth in revenue. The comp... Read More