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PhonePe Launches UPI Payments For Feature Phones

India, Aug. 31 -- Walmart-owned fintech major PhonePe has launched UPI payments for feature phones, mobile phones that handle basic calling and text messaging, enabling them to make digital transactio... Read More


[Update] ESDS IPO Subscribed 18.3X On Day 2; NII Portion Booked 51X

India, Aug. 31 -- Update | August 31, 17:00 IST Enterprise cloud and AI company ESDS Software Solution's IPO was subscribed 18.34X by the end of the second day of bidding, driven by strong demand fro... Read More


Centre Notifies Rs.1.28 Lakh Cr Semicon 2.0, Targets 1 Lakh More Chip Engineers

India, Aug. 31 -- The Centre has notified the Rs.1.28 Lakh Cr Semicon 2.0 scheme to accelerate the development of India's semiconductor design and manufacturing ecosystem and strengthen domestic capab... Read More


Ather Shares Surge 5.7% To Hit Record High After Konarc Launch

India, Aug. 31 -- Shares of EV maker Ather Energy touched a fresh all-time high of Rs.1,703.90 during the intraday trading today following the company's launch of Konarc escooter. The stock jumped 5.... Read More


Zomato Lays Off 240 Employees, Shuts Hyderabad Customer Support Operations

India, Aug. 31 -- Eternal's food delivery business Zomato has fired around 240 employees as it shuts down its customer support operations in Hyderabad, sources told Inc42. The move follows a review o... Read More


Pernia's Pop-Up Parent IPO: Issue Subscribed 8% On Day 1 Till Now

India, Aug. 31 -- Pernia's Pop Up Shop parent Purple Style Labs' initial public offering (IPO) got off to a subdued investor on the first day of bidding. As of 14:48 IST, investors have cumulatively p... Read More


Zomato Bans Sale Of Analogue Dishes On Its Platform

India, Aug. 31 -- Amid growing concerns over analogue paneer, Zomato has announced a zero-tolerance policy against the sale of dishes containing analogue dairy products on its platform. It has also wa... Read More


Online Grocery Startup Satvacart Shuts Down After 12-Year Run

India, Aug. 31 -- Gurugram-based online grocery startup Satvacart has shut down after 12 years of operations and disbanded its team after failing to secure the capital required to rebuild and scale th... Read More


State Street Closes Rs.580 Cr Investment In Groww AMC

India, Aug. 31 -- Global asset manager State Street Investment Management has completed its Rs.580 Cr strategic investment in Groww's mutual fund arm Groww AMC after receiving all the necessary regula... Read More


Truemeds Eyes DealShare Acquisition At $90 Mn, 95% Below Peak Valuation: Report

India, Aug. 31 -- Ecommerce unicorn DealShare is reportedly in advanced talks to be acquired by online pharmacy Truemeds through a share-swap transaction. The proposed deal could value DealShare at a... Read More