Exclusive

Publication

Byline

Location

After Raising $137 Mn, Neobank Fi Money Battles Existential Crisis

India, July 13 -- Bengaluru-based neobank Fi Money is grappling with serious challenges as its core lending business has failed to gain traction leading to a cash crunch and mass layoffs. Once seen a... Read More


Flipkart Announces $50 Mn ESOP Buyback

India, July 11 -- Ecommerce giant Flipkart has announced a $50 Mn ESOP buyback, which will offer liquidity to around 7,000 to 7,500 employees. Flipkart CEO Kalyan Krishnamurthy, in an internal note, ... Read More


Flipkart Announces $50 Mn ESOP Buyback At $35 Bn Valuation

India, July 11 -- Ecommerce giant Flipkart has announced a $50 Mn ESOP buyback, which will offer liquidity to around 7,000 to 7,500 employees. Flipkart CEO Kalyan Krishnamurthy, in an internal note, ... Read More


[Update] Centre Planning INR 1,345 Cr Incentive Scheme To Make Rare Earth Magnets

India, July 11 -- Update | July 11, 03:47 PM The central government is reportedly working on an INR 1,345 Cr scheme to incentivise local magnet production. Union minister for heavy industries H D Ku... Read More


BYJU'S Insolvency Saga: RP Sues Dubai Partner For INR 1,597 Cr

India, July 11 -- The resolution professional (RP) of Think and Learn Pvt Ltd., the parent of troubled edtech startup BYJU'S, has reportedly filed an INR 1,597 Cr (about $186.2 Mn) lawsuit against its... Read More


Pocket FM Alleges Copyright Infringement By Kuku FM Again

India, July 10 -- Over two-and-a-half years after ending a legal scuffle, audio OTT player Pocket FM and Kuku FM are engaged in yet another courtroom showdown. Pocket FM has dragged its competitor to... Read More


India Mulls Incentivising Rare Earth Production To Tame China's Tantrums

India, July 10 -- In a move to reduce India's dependence on China for rare earth magnets, the Centre is working on a plan to incentivise local production. According to a PTI report, the ministries of... Read More


Now, Fraudsters Use Reliance's Tira Masthead To Dupe Naive Netizens

India, July 10 -- The Delhi High Court (HC) has restrained certain unnamed individuals and entities from allegedly impersonating the trademark of Reliance Retail's beauty brand "Tira". The order, dat... Read More


Smartworks Raises INR 174 Cr From Anchor Investors

India, July 9 -- A day before commencing the bidding for its initial public offering (IPO) on July 10, Smartworks Coworking Space has raised INR 173.64 Cr funding from anchor investors. The company a... Read More


Reliance's Jio Platforms Puts IPO On Hold: Report

India, July 9 -- Jio Platforms, the technology subsidiary of Reliance Industries Ltd (RIL) which houses telecom operator Reliance Jio Infocomm, has reportedly decided not to go public this year. Inste... Read More