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Snapdeal Parent AceVector's IPO Subscribed 96% On Day 2 So Far

India, Sept. 28 -- Snapdeal parent AceVector's Rs.420 Cr IPO has been subscribed 96% as of 14:33 IST on the second day of bidding, with investors placing bids for 7.16 Cr shares against the 7.42 Cr sh... Read More


SC Refuses To Stay UPI MDR, Seeks Centre's Response On Rs.2,000 Threshold

India, Sept. 28 -- The Supreme Court today refused to stay the Centre's decision to introduce merchant discount rate (MDR) charges on select UPI payments above Rs.2,000, while seeking responses on the... Read More


Moneyview IPO Oversubscribed 31.41X On Day 3 So Far

India, Sept. 28 -- Digital lender Moneyview's IPO was oversubscribed 31.41X by 13:45 IST on the final day of bidding today. The public issue received bids for 730.28 Cr Cr shares against 23.25 Cr shar... Read More


ED Attaches Another Rs.442 Cr Assets In Gameskraft's RummyCulture Probe

India, Sept. 28 -- The Enforcement Directorate (ED) has provisionally attached movable and immovable assets worth around Rs.442.35 Cr in the money laundering case involving Gameskraft Technologies, th... Read More


Balwaan Krishi Bags Rs.100 Cr To Scale Farm Equipment Manufacturing

India, Sept. 28 -- Agritech startup Balwaan Krishi has raised Rs.100 Cr (around $10 Mn) in its Series B funding round led by First Bridge India Growth Fund Private Equity, with participation from othe... Read More


OpenAI Pauses Training Of Top Models After Agent Bypasses Internet Restrictions

India, Sept. 28 -- OpenAI has paused training, evaluation, and tool-enabled inference for its most capable AI models after an internal research agent bypassed internet restrictions and accessed an ext... Read More


Tonbo Imaging Secures IPO Nod After Refiling Draft Papers

India, Sept. 28 -- Defence tech startup Tonbo Imaging has received SEBI approval for its proposed IPO, which comprises an OFS of up to 1.81 Cr equity shares. The Bengaluru-based startup had initially... Read More


Spinny's IPO Ride, But What's Under The Hood?

India, Sept. 27 -- Five years ago, CarTrade became one of the first digital auto marketplaces to test India's public markets. The company went public in August 2021 at Rs.1,618 per share. Five years o... Read More


New-Age Tech Stocks: Insurtech Sell-Off Drags Combined M-Cap Down By $3.6 Bn This Week

India, Sept. 26 -- New-age tech stocks saw a bearish week, with a sharp sell-off in PB Fintech and Turtlemint following IRDAI's proposed commission caps overshadowing gains in Capillary Technologies a... Read More


From Ultraviolette Automotive To GalaxEye - Indian Startups Raised Over $203 Mn This Week

India, Sept. 26 -- Funding activity remained strong as Indian startups raised a combined $203.4 Mn across 21 deals between September 21 and September 25. This was 3.4X higher than $58.9 Mn raised by 1... Read More