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Sarvam, Gnani Likely To Get Incentives For Building AI Models: Report

India, April 24 -- The Ministry of Electronics and Information Technology (MeitY) may offer incentives to startups such as Sarvam AI, Soket AI Labs, Gnani.ai and Gan.ai for building frontier AI models... Read More


Eternal's Food Delivery Biz CEO Quits Amid Company-Wide Rejig

India, April 24 -- The chief executive of Eternal's (formerly Zomato) food delivery business, Rakesh Ranjan, has reportedly stepped down from his role after two years. Sources told the Economic Times... Read More


Agri-biotech Startup GreenGrahi Bags INR 32 Cr

India, April 24 -- Agri-biotech startup GreenGrahi has secured INR 32 Cr (around $3.7 Mn) in a seed funding round led by Avaana Capital. The round also saw participation from existing investors, incl... Read More


Satcom Players Urge DoT To Expedite Spectrum Allotment : Report

India, April 24 -- The Indian Space Association (ISpA) and the Broadband India Forum (BIF) have reportedly urged the Department of Telecommunications (DoT) to speed up the provisional allotment of sat... Read More


I-T Department Tightens Noose Around Startups Over Potential Round-Tripping

India, April 24 -- As financial fraud allegations continue to surface in the Indian startup ecosystem, with companies like Gensol and Medikabazaar under the lens, the Income Tax Department has reporte... Read More


Ather Energy Sets Price Band Of INR 304-321 For IPO

India, April 23 -- EV major Ather Energy has set a price band of INR 304 to INR 321 per share for its initial public offering (IPO) that will open for subscription on April 28. The anchor investor bi... Read More


MobiKwik Floats NBFC, To Apply For Licence

India, April 23 -- Listed fintech company MobiKwik on Wednesday (April 23) announced the incorporation of a wholly-owned non-banking financial company (NBFC), Mobikwik Financial Services Private Limit... Read More


Can Money Laundering Law Clean Up India's Real Money Gaming Space?

India, April 23 -- Even before the dust settled on the taxation turf, a fresh storm could be raging on the virtual route to make real money, pushing a clutch of online games under the money laundering... Read More


Muthoot FinCorp Funds BankBazaar, Charts Its Foray into Gold Loans

India, April 23 -- Chennai-based fintech BankBazaar has secured an undisclosed amount from Muthoot FinCorp as part of its ongoing Series D2 round. With this, the round's total size has grown to INR 55... Read More


CAIT Calls For Levying Luxury Tax On Ecommerce Purchases

India, April 23 -- The Confederation of All India Traders (CAIT) has reportedly called for levying a "luxury tax" on all purchases made via ecommerce platforms. As per Livemint, the traders body prop... Read More