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BNP Paribas Picks Up INR 1,488 Cr Stake In Zomato, Dumps INR 503 Cr Shares In Nykaa

India, May 31 -- French banking giant BNP Paribas has bought 6.24 Lakh shares of foodtech major Eternal in a bulk deal worth INR 1,488.71 Cr. As per NSE data, BNP Paribas Financial Markets picked up ... Read More


Razorpay To Pay INR 1,245 Cr In Taxes For Domicile Shift To India

India, May 31 -- Fintech major Razorpay will likely pay approximately INR 1,245 Cr (around $150 Mn) in taxes to the Indian government as part of its reverse flip to the country, sources close to the d... Read More


IndiaAI Mission: Soket AI, Gnani.ai & Gan.ai To Develop Indigenous AI Models

India, May 31 -- After SarvamAI, the IT ministry has now selected three more AI startups - Soket AI Labs, Gnani.ai and Gan.ai - to build large language models (LLMs) under the IndiaAI mission. In a s... Read More


EaseMyTrip Back In The Black, Posts INR 14 Cr Profit In Q4

India, May 31 -- Online travel aggregator EaseMyTrip posted a consolidated net profit of INR 13.9 Cr in Q4 FY25 as against a loss of INR 15.1 Cr in the year-ago quarter. A one-time expense of INR 72.4... Read More


Haryana's New Anti-Gambling Act: Is It Actually Anti-Online Gaming?

India, May 30 -- In the absence of clear guidelines from the Centre or centralised regulations for the gaming industry, the $3.8 Bn online gaming industry continues to grapple with uncertainty with se... Read More


'Nykaa Now' Live In Multiple Cities, Wider Metro Rollout Soon

India, May 30 -- Beauty major Nykaa's quick delivery service, Nykaa Now, is currently operational in several cities, said Anchit Nayar, CEO of Nykaa's beauty business, in a post-earnings call. While ... Read More


Govt To Procure Additional 14,000 GPUs: IT Minister

India, May 30 -- IT minister Ashwini Vaishnaw has reportedly said that the government is all set to procure an additional 14,000 graphics processing units (GPUs) under the IndiaAI mission. "In the fi... Read More


Ola Electric's Q4 Snapshot, Razorpay's Homecoming & More

India, May 30 -- Ola Electric's Burn Gets Deeper In Q4 Ola Electric's loss-making spree extended into Q4 FY25 as well. The EV maker's net losses doubled as "execution challenges" and intensifying com... Read More


PayU Boosts Board In Run-Up To IPO

India, May 30 -- Prosus-owned payment solutions giant PayU, which is gearing up for its initial public offering (IPO) on the Indian bourses, has expanded its board of directors with three new appointm... Read More


Exclusive: Battery Smart Bags $29 Mn From Rising Tide Energy, Others

India, May 30 -- Delhi NCR-based battery swapping startup Battery Smart has raised $29 Mn in its ongoing Series B extension round, sources told Inc42. New York-based PE firm Rising Tide Energy led th... Read More