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Amazon To Lay Off 800-1,000 Employees In India

India, Oct. 30 -- As part of a global retrenchment exercise, ecommerce major Amazon may reportedly lay off 800 to 1,000 corporate employees in India. A source told Economic Times that the layoffs wil... Read More


Jupiter Bags $15 Mn At A Flat $600 Mn Valuation

India, Oct. 30 -- Fintech startup Jupiter has reportedly raised $15 Mn (INR 115 Cr) in a strategic funding round from existing backers Mirae Asset Venture Investments, BEENEXT and 3one4 Capital. Sour... Read More


Heritage Foods Acquires Majority Stake In Dessert Brand Get-A-Way

India, Oct. 30 -- Hyderabad-based dairy company Heritage Foods yesterday said that its board approved a proposal to acquire a controlling (51% stake) in D2C dessert brand Get-A-Way's parent, Peanutbut... Read More


Infibeam Arm Gets PSP Licence From GIFT City IFSC

India, Oct. 28 -- Listed fintech company Infibeam Avenues's subsidiary, IA Fintech, yesterday received in-principle approval from the International Financial Services Centres Authority (IFSCA) to oper... Read More


Projects Worth INR 5,500 Cr Approved Under Electronics Manufacturing Scheme

India, Oct. 28 -- The Centre yesterday approved the first batch of seven projects under the Electronic Components Manufacturing Scheme (ECMS). In a statement, the IT ministry said that the selected c... Read More


Ola & Uber Rival: Centre To Begin Piloting Bharat Taxi Next Month

India, Oct. 25 -- The Centre will reportedly begin piloting the new state-backed ride-hailing service, called "Bharat Taxi", in New Delhi later next month. Officials told NDTV that the service will b... Read More


Investor Sells ArisInfra Shares Worth INR 7.4 Cr

India, Oct. 24 -- Amid an uptick in ArisInfra shares over the past month, investor Premlatha Agarwal yesterday offloaded 4.17 Lakh shares in the B2B ecommerce company via a bulk deal worth INR 7.4 Cr.... Read More


Govt Notifies Amendments To IT Rules To Streamline Content Takedown

India, Oct. 23 -- The IT ministry (MeitY) yesterday notified amendments to the IT Rules, 2021 to streamline the process for the takedown of content by digital intermediaries. Called the Information T... Read More


GlobalBees To Acquire Another 15% Stake In Dynamic IT Solutions

India, Oct. 18 -- Omnichannel kids marketplace FirstCry's rollup arm GlobalBees has announced plans to further increase its stake in sports equipment brand Strauss' parent Dynamic IT Solutions. In a ... Read More


EaseMyTripTo Acquire Stakes In 4 Entities For INR 169 Cr Via Share Swap

India, Oct. 18 -- Online travel aggregator (OTA) EaseMyTrip's (EMT) board yesterday approved the acquisition of 49% stake each in four companies. In a filing with the exchanges, EMT announced the fol... Read More