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Ather IPO: EV Major Bags INR 1,340 Cr From Anchor Investors

India, April 25 -- Ahead of the opening of its highly anticipated IPO, EV maker Ather Energy has raised INR 1,340 Cr from anchor investors at INR 321 per share. The company allotted 4.17 Cr shares to... Read More


Apple's India Manufacturing Dreams Face China Hurdle

India, April 25 -- Apple's bid to expand its production in India seems to have been marred by significant headwinds such as geopolitical tensions, quality issues, lack of technology and labour issues.... Read More


Reliance Retail Q4: Digital & New Commerce Business Account For 18% Of Revenue

India, April 25 -- It was business as usual as digital and new commerce businesses continued to account for 18% of Reliance Retail's total revenue in the fourth quarter (Q4) of the financial year 2024... Read More


Jio Platforms' Q4 Profit Crosses INR 7,000 Cr Mark

India, April 25 -- Reliance Industries Ltd's (RIL's) digital arm Jio Platforms' consolidated net profit jumped 25.7% to INR 7,022 Cr in the final quarter of the financial year 2024-25 (Q4 FY25) from I... Read More


ED Detains BluSmart Cofounder, PB Fintech's Healthcare Dreams & More

India, April 25 -- Now, ED Detains BluSmart's Cofounder In a surprise action, the Enforcement Directorate (ED) has detained Puneet Singh Jaggi, one of the two Gensol promoters, from a hotel in New De... Read More


Exclusive: DeHaat Raises INR 200 Cr Debt For Geographic Expansion

India, April 25 -- Agritech soonicorn DeHaat has raised INR 200 Cr (around $23.4 Mn) in venture debt from Trifecta Capital. DeHaat's board issued 1,000 non-convertible debentures (NCDs) at INR 10 Lak... Read More


Delhi HC Restrains BluSmart From Alienating 175+ EVs Leased From Orix

India, April 25 -- The Delhi High Court has reportedly restrained BluSmart and Gensol Engineering from alienating or creating third-party rights on 175+ EVs leased to them by Japanese financial servic... Read More


Amazon Injects INR 350 Cr Into India Payments Arm

India, April 25 -- Ecommerce giant Amazon has infused INR 350 Cr into its digital payments arm Amazon Pay India as it looks to scale up its presence in the country's UPI market. According to the MCA ... Read More


India Needs Resilient Ecosystem To Store Critical Data: MeitY Secretary

India, April 25 -- With India looking to adopt emerging technologies such as artificial intelligence, it is essential to have a resilient ecosystem where critical data can be stored, said MeitY Secret... Read More


IndigoEdge & Hitesh Ahuja's PixelSky Launches INR 400 Cr Secondaries Fund

India, April 25 -- Bengaluru-based investment bank IndigoEdge and entrepreneur Hitesh Ahuja have launched their maiden secondaries fund, PixelSky Capital, with a target corpus of INR 400 Cr. The fund... Read More