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Govt Clears 17 ECMS Projects Worth INR 7,172 Cr; Aequs, Zetwerk Bag Key Approvals

India, Nov. 17 -- A couple of weeks after clearing the first batch of seven projects under the Electronic Components Manufacturing Scheme (ECMS), the Centre has now cleared 17 more approvals under the... Read More


Snapdeal Parent AceVector Gets SEBI Nod For Its IPO

India, Nov. 17 -- Snapdeal parent AceVector Group has received approval from the Securities and Exchange Board of India (SEBI) to proceed with its initial public offering (IPO). The regulator issued ... Read More


Infibeam Gets RBI's Nod To Operate As Offline Payment Aggregator

India, Nov. 17 -- Fintech company Infibeam Avenues has secured final authorisation from the Reserve Bank of India (RBI) to operate as an offline payment aggregator, a move that will allow the company ... Read More


Menhood H1 FY26 Profit Falls 22% YoY To INR 1.4 Cr

India, Nov. 15 -- D2C brand Menhood parent Macobs Technologies' net profit for H1 FY26 declined 23% to INR 1.4 Cr from INR 1.8 Cr in the year-ago period. Sequentially, however, profit jumped 85% from ... Read More


IPO-Bound SEDEMAC's FY25 Profit Jumps 8X To INR 47 Cr

India, Nov. 15 -- IPO-bound deeptech startup SEDEMAC Mechatronics reported about 8X rise in its consolidated net profit to INR 47 Cr in FY25 from INR 5.9 Cr in the previous fiscal year. Operating rev... Read More


Zelio E-Mobility H1 Profit Jumps 69% YoY To INR 11.8 Cr

India, Nov. 14 -- BSE SME-listed electric vehicle (EV) manufacturer Zelio E-Mobility's standalone profit for the first half (H1) of FY26 jumped 69% to INR 11.8 Cr from INR 7 Cr in the year-ago period.... Read More


Exclusive: NCLT Sends Log9 Into Insolvency After INR 6.7 Cr Default

India, Nov. 14 -- The Bengaluru bench of the National Company Law Tribunal (NCLT) has admitted battery tech startup Log9 Materials and its subsidiary Log9 Mobility into insolvency, marking the downfal... Read More


Capillary Technologies Raises INR 394 Cr From Anchor Investors

India, Nov. 13 -- Ahead of the commencement of the bidding for its public issue on November 14, SaaS major Capillary Technologies raised INR 393.9 Cr from anchor investors. These investors subscribed ... Read More


Veefin H1: Profit Doubles YoY To INR 8 Cr

India, Nov. 13 -- BSE SME-listed Veefin Solutions net profit for the first half (H1) of FY26 zoomed 100% to INR 8.2 Cr from INR 4.1 Cr reported in the year-ago period. Sequentially, net profit decline... Read More


Pine Labs IPO: Peak XV Mints 39.5X Return, Lightspeed Books Loss

India, Nov. 13 -- Peak XV Partners raked in one of its biggest public market windfalls this year through its partial exit from Pine Labs. The venture capital (VC) firm offloaded a little over 2.3 Cr s... Read More