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OYO Retains Profitability In FY25 On Deferred Tax Gain, Changes Corporate Identity

India, Sept. 5 -- Hospitality major OYO, which is making preparations for filing its DRHP, posted a net profit of INR 244.8 Cr in FY25, up 7% from INR 229.6 Cr in its maiden profitable year in FY24. ... Read More


[Update] Ola Electric Slumps 8% After SoftBank Dilutes Stake

India, Sept. 5 -- Update | September 5, 18:32 Shares of Ola Electric fell as much as 8% to INR 59.38 during the intraday trading on the BSE today. The stock ended the day's trade 7.2% lower at INR 59... Read More


Apple's India Sales Hit Record $9 Bn Mark In FY25

India, Sept. 5 -- Tech giant Apple's sales in India reportedly hit a record high $9 Bn in the financial year 2024-25, marking a 13% increase from $8 Bn from the previous fiscal year. iPhones drove a ... Read More


PhonePe To File Confidential IPO Papers This Month: Report

India, Sept. 5 -- Walmart-owned PhonePe is reportedly planning to pre-file its IPO papers via the confidential route by the end of September 2025. The fintech company is aiming to raise between $1.2 ... Read More


PhonePe To File Confidential IPO Papers Soon: Report

India, Sept. 5 -- Walmart-owned PhonePe is reportedly planning to pre-file its IPO papers via the confidential route by the end of September 2025. The fintech company is aiming to raise between $1.2 ... Read More


L Catterton's India-Focussed Consumer Fund Marks First Close At $200 Mn

India, Sept. 5 -- L Catterton's India-focussed consumer fund has reportedly marked its first close at $200 Mn (about INR 1,760 Cr). The investment vehicle, L Catterton India Fund (Fund I or the Fund)... Read More


Exclusive: Gupshup Lays Off 100+ Employees In Cost-Cutting Exercise

India, Sept. 4 -- Conversational AI company Gupshup has carried out another round of layoffs, this time letting go of at least 100 employees, including junior developers, as per sources. The move come... Read More


PB Fintech, Go Digit Zoom Up To 6% On GST Exemption For Insurance

India, Sept. 4 -- Insurtech companies PB Fintech and Go Digit saw their shares rise in the intraday trade today after the GST Council announced exemption of GST on life and health policies yesterday. ... Read More


Exclusive: Reliance-Backed Dunzo Admitted Into Insolvency

India, Sept. 4 -- The Bengaluru bench of the National Company Law Tribunal (NCLT) has admitted an insolvency plea against Reliance-backed startup Dunzo. The plea has been filed by one of its vendors, ... Read More


Zomato, Swiggy Deliveries To Get Costlier With New 18% GST

India, Sept. 4 -- India's food delivery and quick commerce companies are staring at higher costs after the GST Council decided to impose an 18% tax on delivery fees under the new Goods and Services Ta... Read More