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[Update] Shiprocket IPO Oversubscribed 3.16X On Day 2

India, Aug. 13 -- Update | August 13, 2026 Shiprocket's public issue was subscribed 3.16X on the second day of bidding, receiving bids for 29.8 Cr equity shares against 9.44 Cr shares on offer. Reta... Read More


Shiprocket IPO Subscribed Nearly 2X On Day 2 So Far

India, Aug. 13 -- Ecommerce enablement platform Shiprocket's Rs.1,617.5 Cr IPO was subscribed 1.97X by 12:42 IST on the second day of bidding today. The issue received bids for 18.58 Cr shares agains... Read More


Centricity Raises Rs.280 Cr To Expand Wealthtech Platform, NRI Business

India, Aug. 13 -- Wealthtech startup Centricity has raised Rs.280 Cr (around $29 Mn) in a funding round led by SMBC Asia Rising Fund, comprising Rs.230 Cr in equity and Rs.50 Cr in venture debt. The r... Read More


Amagi Q1: Profit Jumps 8.6X YoY To Rs.33.9 Cr, Revenue Rises 32%

India, Aug. 13 -- Media SaaS company Amagi Media Labs' consolidated net profit jumped 8.6X to Rs.33.9 Cr in the June quarter of the financial year 2026-27 (Q1 FY27) from Rs.3.9 Cr in the year-ago peri... Read More


Lenskart Shares Jump 7% To Record High As Brokerages Raise Targets

India, Aug. 13 -- Shares of omnichannel eyewear major Lenskart jumped nearly 7% to an all-time high of Rs.627.35 on the BSE today after several brokerages raised their target prices following the comp... Read More


Ola Electric Eyes Up To Rs.7,240 Cr Battery Cell PLI Incentives After Timeline Revision

India, Aug. 12 -- The Ministry of Heavy Industries (MHI) has revised the timelines under the advanced chemistry cell (ACC) PLI scheme for Ola Electric's battery subsidiary, Ola Cell Technologies Pvt L... Read More


Enterprise AI Spend Gets A Reality Check

India, Aug. 12 -- The cost of using AI is falling rapidly, with the price of processing a million tokens dropping by roughly 10X every year. The new price benchmark is being set across the market: Dee... Read More


Yatra's Q1 Profit Crashes 98% YoY To Rs.34 Lakhs

India, Aug. 12 -- Online travel aggregator (OTA) Yatra's consolidated net profit crashed 97.9% to Rs.34 Lakhs in the first quarter (Q1) of the fiscal year 2026-27 (FY27) from nearly Rs.16 Cr in the ye... Read More


Yulu Bags $93 Mn To Scale EV Fleet, Enter Full-Size Electric Scooter Segment

India, Aug. 12 -- Electric mobility service provider Yulu has raised $93 Mn (about Rs.887.5 Cr) in its Series C funding round led by GEF Capital Partners as it looks to expand its fleet and enter the ... Read More


Bank Of America To Buy 49.9% Stake In Jio Financial Services' NBFC Arm For $1.9 Bn

India, Aug. 12 -- Bank of America's wholly-owned subsidiary NB Holdings Corporation has signed a definitive joint venture (JV) agreement with Jio Financial Services (JFS) to invest up to Rs.18,268.2 C... Read More