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Paytm To Invest INR 2,250 Cr To Boost PPSL

India, Nov. 5 -- Fintech major Paytm's parent One97 Communications Ltd's board yesterday approved a proposal to invest up to INR 2,250 Cr via a right issue in its payments arm, Paytm Payments Services... Read More


[Update] EaseMyTrip Enters Agreements To Acquire 5 Businesses For INR 514 Cr

India, Nov. 4 -- Update | November 4, 16:07 IST Following up on its earlier announcements, EaseMyTrip has entered into definitive agreements for the below mentioned acquisitions: 100% stake in Gurug... Read More


MapmyIndia To Offer Real-Time Delhi Metro Data On Mappls

India, Nov. 1 -- Listed geotech giant MapmyIndia has signed an agreement with the Delhi Metro Rail Corporation (DMRC) to integrate the latter's real-time data into its navigation platform Mappls. Und... Read More


VCs & Founders Urge Govt To Introduce Tax Breaks To Spur Deeptech

India, Nov. 1 -- Deeptech and semiconductor startups, along with top venture capitalists (VCs), yesterday urged commerce minister Piyush Goyal to introduce targeted tax incentives to spur investments ... Read More


IPO-Bound Lenskart Nets INR 3,268 Cr From Anchor Investors

India, Oct. 30 -- Ahead of the commencement of the bidding for its public issue on October 31, omnichannel eyewear giant Lenskart today raised INR 3,268.4 Cr from anchor investors. The company alloca... Read More


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