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Delhi HC Bars Gensol, BluSmart From Creating Third-Party Rights On 220 EVs

India, May 7 -- The Delhi High Court has barred troubled Gensol Engineering and ride-hailing startup BluSmart from creating third-party rights over 220 additional EVs, taking the total number of EVs w... Read More


Nazara's Absolute Sports Buys Two Titan Insider Owned Digital IPs

India, May 7 -- Gaming major Nazara Technologies' subsidiary Absolute Sports is set to acquire two of Titan Insider Digital IPs - TJRWrestling.net and ITRWrestling.com in an all cash deal. Absolute S... Read More


Info Edge Scores 36% Returns On Startup Investments

India, May 7 -- Naukri parent Info Edge has made 9X growth on startup investments with an estimated gross internal rate of return (IRR) of 36%. In a letter to its shareholders, Info Edge disclosed th... Read More


Sarvam Unveils New Speech AI Model With 11 Indian Languages Support

India, May 7 -- GenAI startup Sarvam AI, recently selected by the Centre to build India's first homegrown LLM, has unveiled a new speech AI model that supports 11 Indian languages, including Punjabi, ... Read More


Paytm Shares Rally Over 9% After Q4 Results

India, May 7 -- Shares of Paytm parent, One97 Communications, soared 9.5% to INR 892.60 apiece on the BSE during intraday trading session today, a day after the company reported its fourth quarter fin... Read More


Posha Secures $8 Mn To Automate Home Cooking

India, May 7 -- Kitchen assistance robot maker Posha (formerly known as Nymble Labs) has raised $8 Mn (around INR 67 Cr) in a Series A funding round led by Accel. The round also saw participation fro... Read More


Bira Parent Delays Interest Payouts To Debt Investments Made Via KredX: Report

India, May 7 -- B9 Beverages Ltd, which owns craft beer brand Bira91, has reportedly delayed interest payouts to some of its debt investors through supply chain financing platform KredX. A retail inv... Read More


CarTrade Q4 Profit Jumps 85% YoY To INR 46 Cr

India, May 7 -- Online classifieds and auto auction platform CarTrade's consolidated net profit zoomed 85% to INR 46.1 Cr in the March quarter of the fiscal year 2024-25 (Q4 FY25) from INR 24.9 Cr in ... Read More


MDR On UPI Transactions Can Increase Competition: Paytm CEO

India, May 7 -- Paytm founder and CEO Vijay Shekhar Sharma said that the introduction of merchant discount rate (MDR) on UPI payments will result in a rise in revenue for the fintech major but also ha... Read More


Exclusive: Zomato Puts 50:50 Refund Sharing With Restaurants On Hold

India, May 7 -- Weeks after launching a policy asking restaurant partners to share 50% of refund costs, foodtech major Zomato has now put the policy on hold. Zomato rolled out the new policy over the... Read More