Swiggy's FY24 Loss Nearly Halves To INR 2,350 Cr, Revenue Up 36%

India, Sept. 4 -- Foodtech major Swiggy reportedly saw its revenue grow 36% to INR 11,247 Cr in the fiscal year 2023-24 (FY24) from INR 8,265 Cr in the previous year. The disclosure was made by the I... Read More

TRAI Blacklists 50 Entities For Spamming Users

India, Sept. 4 -- Heeding the directions of Telecom Regulatory Authority of India (TRAI), telecom operators have blacklisted 50 entities for spamming end users. In a statement, TRAI said that telcos ... Read More

BYJU'S Resolution Professional Ousts Glas Trust From Committee Of Creditors

India, Sept. 4 -- The insolvency resolution professional (IRP) of BYJU'S has reportedly ousted Glas Trust Co, a consortium of the troubled edtech startup's US-based lenders, from the committee of cred... Read More

Centre Launches INR 750 Cr AgriSURE Fund To Back Agritech Startups

India, Sept. 3 -- The union agriculture ministry on Tuesday (August 3) launched an INR 750 Cr 'AgriSURE' fund (Agri Fund for Start-ups & Rural Enterprises) to back agritech and rural area-focussed sta... Read More

Explained: India's Ambitious INR 2,817 Cr Digital Agriculture Mission

India, Sept. 3 -- After a delay of more than three years, India's Digital Agriculture Mission (DAM) is finally shaping up. The Union Cabinet has approved the INR 2,817 Cr mission for the creation of D... Read More

After Big B, Hindustan Composites Picks Up Stake In IPO-Bound Swiggy

India, Sept. 3 -- Listed auto ancillary company Hindustan Composites on Monday (September 2) said it has signed a share purchase agreement to acquire a stake in IPO-bound foodtech major Swiggy for INR... Read More

Rebel Foods FY24: Net Loss Nearly Halves To INR 378 Cr, Revenue Up 19% YoY

India, Sept. 2 -- Cloud kitchen unicorn Rebel Foods narrowed its net loss by 42% to INR 378.2 Cr in the fiscal year 2023-24 (FY24) from INR 656.5 Cr in the previous fiscal year. The Faasos-parent tri... Read More

Zomato, Paytm & JFS May Enter F&O Segment After SEBI's New Entry & Exit Rules: Nuvama

India, Aug. 31 -- Brokerage firm Nuvama believes that the new exit and entry criteria for stocks in the derivatives market may pave the way for new-age tech stocks such as Zomato, Paytm and Jio Financ... Read More

Infra.Market Lines Up 8 Investment Bankers For $700 Mn IPO

India, Aug. 31 -- B2B ecommerce marketplace Infra.Market has reportedly lined up as many as eight investment banks to helm its $700 Mn initial public offering (IPO). The startup has shortlisted Kotak... Read More

Banks Will Lose Opportunities If They Don't Work With Fintechs: Axis Bank MD

India, Aug. 31 -- Axis Bank managing director (MD) and CEO Amitabh Chaudhry on Friday (August 30) said that banks will lose out on opportunities if they do not work with fintech startups. "They (fint... Read More

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