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Flipkart Held Talks With Swiggy For Stake Purchase, Says Report; IPO-Bound Startup Denies

India, June 25 -- Ecommerce major Flipkart reportedly held talks with Swiggy for a potential stake purchase in the foodtech major eight to ten months ago. The talks fizzled out as the two segment gia... Read More


SEBI To Vote On Regulating Unregistered Finfluencers On June 27 Board Meet

India, June 25 -- The Securities and Exchange Board of India (SEBI) will reportedly vote on the norms to crack the whip on unregistered finfluencers at its upcoming board meeting on June 27. Sources ... Read More


Temasek, JP Morgan, Warburg Pincus Offload CarTrade Shares Worth INR 535 Cr

India, June 24 -- Temasek, JP Morgan and Warburg Pincus cumulatively offloaded 64.57 Lakh shares of auto marketplace CarTrade via separate bulk deals on Monday (June 24) for INR 535.03 Cr. As per BSE... Read More


BIS Unveils Two New Standards To Enhance Safety Of EVs In India

India, June 23 -- The Bureau of Indian Standards (BIS) has introduced two new standards to enhance the safety and quality of electric vehicles (EVs) in India. Called IS 18590: 2024 and IS 18606: 2024... Read More


CarTrade Gets Demand Letter From I-T Dept For Tax Shortfall

India, June 23 -- The Income Tax (I-T) Department has issued a demand letter to auto marketplace CarTrade for shortfall in payment or collection of tax deducted at source (TDS) or tax collected at sou... Read More


Blue Dart Begins Drone Deliveries In Partnership With Skye Air

India, June 22 -- Logistics company Blue Dart on Friday (June 21) said that it has commenced drone deliveries in partnership with homegrown drone maker Skye Air. In a statement, Blue Dart said that i... Read More


WestBridge Capital Divests 14.6 Lakh IndiaMART Shares For INR 380 Cr

India, June 22 -- Investment firm WestBridge Capital on Friday (June 20) offloaded 14.6 Lakh shares in B2B marketplace IndiaMART InterMESH for INR 379.7 Cr via open market transactions. WestBridge Ca... Read More


Paytm Employees Move Labour Ministry Citing Unlawful Termination

India, June 21 -- Amid the ongoing layoffs at Paytm, several employees of the fintech major have reportedly knocked on the doors of the Ministry of Labour and Employment, alleging "unlawful terminatio... Read More


Govt Floats Draft Norms To Crack The Whip On Unsolicited Business Calls

India, June 21 -- The Department of Consumer Affairs on Thursday (June 20) floated draft norms to regulate unsolicited business communication from unregistered telemarketers. Called the "Draft Guidel... Read More


OYO Gets Shareholders' Nod To Raise INR 417 Cr By Issuing Preference Shares

India, June 21 -- Travel tech major OYO has reportedly received the approval from its shareholders to raise INR 416.85 Cr by issuing preference shares. The approval was received at the startup's extr... Read More