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COAI Hails Govt Move To Ban 'Illegal' Online Sale Of Walkie-Talkies

India, June 2 -- Days after the Centre issued guidelines to regulate the "illegal" sale of radio equipment on ecommerce platforms, industry body Cellular Operators Association of India (COAI) has repo... Read More


UPI Transactions Jump 4.4% MoM In May, Touch All-Time High at 18.68 Bn

India, June 2 -- The Unified Payments Interface (UPI) transaction count grew 4.4% to 18.68 Bn in May from 17.89 Bn in April, touching a fresh all-time high. On a year-on-year basis, the number of tran... Read More


FDA Suspends Zepto's Dharavi Warehouse Licence For Food Safety Violations

India, June 2 -- The Food and Drug Administration (FDA) has revoked the food business licence of Zepto parent Kiranakart Technologies' warehouse in Mumbai's Dharavi. An inspection by FDA officials, c... Read More


[Update] D2C Fashion Brand Snitch Raises $40 Mn For Offline Expansion

India, June 2 -- Update | June 2, 10:30 AM D2C fashion brand Snitch has raised $39.6 Mn (about INR 338.4 Cr) in its Series B funding round, led by 360 ONE Asset. The round also saw participation fro... Read More


Razorpay's Taxing Flip, New-Age Tech Stocks Fumble & More

India, June 2 -- Razorpay Flips Back, But At What Cost? Razorpay's move to redomicile to India ahead of its planned IPO is not going to be cheap. The fintech unicorn is likely to pay nearly $150 Mn (... Read More


Meesho To Issue 411 Cr Bonus Shares Ahead of IPO

India, June 2 -- SoftBank-backed Meesho's shareholders have approved a proposal to issue 411.4 Cr bonus shares ahead of the ecommerce major filing its draft red herring prospectus (DRHP) with markets ... Read More


Pepperfry To Raise INR 43 Cr From Existing Investors

India, June 2 -- D2C furniture startup Pepperfry is set to raise a funding of INR 43.3 Cr (around $5.07 Mn) from existing investors General Electric, Norwest Venture Partners and Goldman Sachs to supp... Read More


EV 2-Wheeler Registrations: TVS Retains Top Spot In May, Bajaj Zooms Past Ola Electric

India, June 2 -- Legacy automotive player TVS Motor held its ground against rivals Bajaj Auto and Ola Electric in India's electric two-wheeler market (E2W) in May, with registrations of its escooters ... Read More


VinFast Eyes Up To 1.5 Lakh Annual EV Production In India

India, June 2 -- Vietnamese EV major VinFast is reportedly planning to boost its annual electric vehicle production up to 1.5 Lakh in India and export them to countries in the Middle East and Africa. ... Read More


Tesla Not Interested In Manufacturing In India: Union Minister HD Kumaraswamy

India, June 2 -- Elon Musk-led EV major Tesla is looking to start operations in India but is currently not interested in manufacturing in the country, Union minister of heavy industries HD Kumaraswamy... Read More