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RBI Greenlights BlackSoil, Caspian Debt Merger

India, April 2 -- Months after getting their respective board's approval, alternative credit provider BlackSoil Capital and impact investment lender Caspian Debt have now received approval from the Re... Read More


Swiggy Gets INR 158 Cr Demand Notice From Income Tax Dept

India, April 2 -- Foodtech major Swiggy has received a tax demand notice from the Income Tax (I-T) Department to pay an additional INR 158.25 Cr. The company is alleged to have wrongly availed deduct... Read More


Zomato Allots Shares Worth INR 4.4 Cr Under ESOP Schemes

India, April 2 -- Foodtech major Zomato has allotted 2.17 Lakh equity shares to eligible employees under its existing employee stock option plans (ESOPs). Based on the stock's last close of INR 202.0... Read More


CCI Clears 360 ONE, Ranjan Pai's Stake Acquisition In PharmEasy

India, April 2 -- The Competition Commission of India (CCI) has approved the proposals of 360 ONE and Claypond Capital to jointly purchase stakes in healthtech unicorn PharmEasy parent API Holdings. ... Read More


EV 2-Wheeler Registrations Cross 1 Lakh Mark In March, Bajaj & TVS Motor Continue Dominance

India, April 2 -- Electric two-wheeler registrations spiked above the 1 Lakh mark in March for the first time in four months, fuelled by aggressive growth of key players like Bajaj Auto, TVS Motor and... Read More


FSSAI Received 21K Complaints Against Food Delivery Apps In Five Years: Govt

India, April 2 -- In the last five fiscal years, more than 21,000 consumer complaints against online food delivery apps were registered with the Food Safety and Standards Authority of India (FSSAI), t... Read More


Centre Mulls Expansion Of EV Charging Infra With INR 2,000 Cr Fund: Report

India, April 1 -- The Centre is reportedly planning to ramp up its electric vehicle (EV) charging infrastructure across major public infrastructure, including at airports, highways, railways and ports... Read More


Shark Tank Fame The Bear House Nets INR 50 Cr To Expand Offline Presence

India, April 1 -- D2C menswear brand The Bear House (TBH) has raised INR 50 Cr (around $5.8 Mn) in its Series A funding round led by JM Financial Group's investment arm JM Financial Private Equity. I... Read More


Govt Likely To Slash Electric Bus Subsidy To Cater To More Cities

India, April 1 -- In a move to cater to more cities, the government is reportedly considering reducing the per unit subsidy for electric buses under the PM E-Drive scheme without raising the budgetary... Read More


Zomato Trims 600 Jobs Amid Increasing Automation, Quick Commerce Wars

India, April 1 -- Amid slowing growth in its food delivery vertical and rising competition in the quick commerce space, foodtech giant Zomato has reportedly laid off nearly 600 employees from its cust... Read More