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How ED's Parimatch Probe Brought Zepto Into Focus

India, June 5 -- The Enforcement Directorate asked IPO-bound quick commerce platform Zepto to join its investigation into alleged money laundering linked to Parimatch, a Cyprus-based betting platform ... Read More


Myntra Settles FEMA Violations Case With RBI

India, June 5 -- Fashion ecommerce major Myntra has settled a Foreign Exchange Management Act (FEMA) contraventions case with the RBI by paying a compounding fee of Rs.2.88 Lakh, resulting in the clos... Read More


Bira 91 Faces Fresh Rs.11 Cr Legal Threat From Glass Supplier HNGIL

India, June 5 -- Craft beer brand Bira 91's parent company B9 Beverages has received a fresh legal notice from glass manufacturer Hindusthan National Glass & Industries Ltd (HNGIL), threatening civil ... Read More


ixigo To Acquire A Majority Stake In Brevistay For Rs.66 Cr

India, June 5 -- Listed traveltech giant ixigo's board has approved to acquire 54.66% stake in traveltech startup Brevistay (Brevistay Hospitality Pvt Ltd) for a Rs.65.69 Cr ($6.9 Mn) through a combin... Read More


RBI Recognises Sahamati as SRO for Account Aggregator Ecosystem

India, June 5 -- The Reserve Bank of India (RBI) has recognised Sahamati Foundation as the Self-Regulatory Organisation (SRO) for India's account aggregator (AA) ecosystem. As an AA SRO, Sahamati wil... Read More


The AI Bill Is Coming Due: GitHub's Copilot Move Has Startups On Alert

India, June 5 -- From June 1, the code repository platform GitHub moved its Copilot AI-coding assistant from a flat subscription-based model to a usage-based model. The usage here will be measured bas... Read More


Ads In The AI Age, The Bear House's Prowl & More

India, June 5 -- Advertising In The AI Age The Rs.30 Lakh trademark fine on Google in the Hindware case may be modest, but the ruling lands at a moment when AI is rebuilding search advertising. As ke... Read More


Cybersecurity Startup Innefu Labs Raises $30 Mn From Panthera Growth Partners

India, June 5 -- AI-powered cybersecurity startup Innefu Labs has raised $30 Mn (about Rs.285.2 Cr) in its Series B funding round led by Singapore-based growth equity firm Panthera Growth Partners. T... Read More


AirTrunk To Invest $30 Bn In India To Set Up 5 GW Data Centre

India, June 5 -- Global hyperscale data company AirTrunk plans to invest $30 Bn (nearly Rs.3 Lakh Cr) to develop over 5 GW of data centres in India by 2030, making the country a central part of its gl... Read More


RENEE Cosmetics' Revenue Crosses Rs.400 Cr Mark In FY26, Loss Down 46% YoY

India, June 5 -- Beauty and personal care (BPC) startup RENEE Cosmetics' cofounder and CEO Ashutosh Valani told Inc42 that the brand cut its FY26 net loss by 46% to Rs.36 Cr from Rs.67 Cr incurred in ... Read More