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[Update] Now, Finance Ministry Rules Out Consumer UPI Charges Amid MDR Debate

India, Aug. 8 -- Update | August 8, 21:16 ISST Addressing concerns over merchant discount rates (MDR) on UPI, the finance ministry categorically clarified that consumers will not be charged for makin... Read More


IPO-Bound Cult.fit's Rishabh Telang Denies Forgery Allegations By Deepak Poduval

India, Aug. 8 -- Deepak Poduval, cofounder of Cult Fitness Pvt Ltd, has filed an FIR against his cofounder and brother-in-law Rishabh Telang at Bengaluru's Bellandur Police Station, alleging forgery, ... Read More


From River Mobility To BlissClub - Indian Startups Raised $274 Mn This Week

India, Aug. 8 -- Indian startup funding picked pace in the first week of August, with 22 startups cumulatively raising $274.4 Mn. This marks a 74% uptick from the $142.3 Mn raised across 11 deals in t... Read More


Flipkart Minutes Enters Premium Grocery Segment With Pykd

India, Aug. 8 -- Walmart-owned Flipkart's quick commerce arm Flipkart Minutes is entering the premium grocery and specialty food products segment under its private label brand, 'Pykd', sources told In... Read More


Ather Jumps 17% To Lead Weekly Rally In New-Age Tech Stocks, MapmyIndia Biggest Loser

India, Aug. 8 -- With the Q1 earnings season in full swing, investors actively traded new-age tech stocks based on the latest financial disclosures, with 37 of the 59 listed new-age tech companies end... Read More


Delhivery Q1 Profit Sinks 65% YoY To Rs.32 Cr Despite A 28% Uptick In Revenue

India, Aug. 8 -- Logistics major Delhivery's consolidated net profit for the June quarter of FY27 slumped 65% to Rs.31.9 Cr from Rs.91.1 Cr in the same quarter last year. Sequentially, the company's p... Read More


Payments Council Rules Out Consumer MDR; PhonePe & Razorpay Back Free UPI

India, Aug. 8 -- The Payments Council of India (PCI) has clarified that UPI payments will remain free for consumers amid growing speculation over the possible reintroduction of the merchant discount r... Read More


Hero MotoCorp To Debut Maiden Electric Motorcycle Next Year

India, Aug. 8 -- Auto giant Hero MotoCorp is all set to unveil its first batch of electric motorcycles next year. While the company already operates in the electric vehicle (EV) segment through VIDA, ... Read More


Knya FY26: Revenue Crosses Rs.100 Cr Mark, PAT Jumps 3X YoY

India, Aug. 8 -- Omnichannel medical apparel brand Knya saw its profit after tax (PAT) more than triple to Rs.10 Cr in the fiscal year 2025-26 (FY26) from Rs.3 Cr a fiscal earlier. This profit surge c... Read More


Centre Seeks Technical Changes From Meta To Tackle Deepfakes, Child Abuse Material

India, Aug. 8 -- The Centre's discussions with Meta have moved into a technical phase after two days of intensive questioning over deepfakes, child sexual abuse material (CSAM), unlabelled AI-generate... Read More