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Byju’s CEO claims firm might face total shutdown following insolvency...
Once the biggest and most valuable startup in India, Byju’s is currently facing an existential crisis that could endanger the company. The business, which is renowned for transforming online learning,...
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Byju’s plea in BCCI case rejected by Karnataka HC
The well-known educational technology company BYJU’S and the Board of Control for Cricket in India (BCCI) are currently embroiled in a significant legal battle. The Karnataka High Court recently...
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Karnataka govt considers amending law to increase IT working hours to 14 hours
Aside from health issues, the proposed amendment has raised concerns about potential economic fallout. Thousands of workers may lose their jobs as a result of the shift change, allowing corporations to...
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Indian Startup News: Startup news this week from Bitscale to Yes Madam
The investment activities of India’s startup ecosystem have picked up significantly; between July 15 and July 20, 25 deals totaling $200.16 million were closed by entrepreneurs. Compared to the $138.04...
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Amazon in talks to acquire Instamart amid Swiggy’s IPO filing
In a significant development in the quick commerce sector, Amazon India has reportedly expressed interest in Swiggy’s Instamart. This comes as Swiggy filed draft papers with SEBI for a ₹10,414 crore...
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Indian antitrust body sends over 100 queries to Reliance and Disney for $8.5...
The Competition Commission of India, India’s antitrust agency, has taken a keen interest in the proposed $8.5 billion merger between Reliance Industries and Walt Disney (CCI). The merger, which was...
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Expensive acquisitions, slow decisions caused Byju’s downfall says ex-executive
Once a prominent figure in India’s startup scene, Byju Raveendran is currently dealing with a dramatic decline in popularity that has stunned the country. Raveendran’s path has been nothing short of...
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Ecommerce brand Nykaa to raise $15 Mn from a foreign portfolio investor
Nykaa, a well-known participant in the online cosmetics market, is gaining attention once more. The company intends to issue non-convertible debentures (NCDs) in order to raise INR 125 Cr, or roughly...
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US lawyers for Byju’s want to quit as clients failed to cooperate
In its ongoing bankruptcy procedures, the ailing Indian software company Byju’s, formerly known as Think & Learn Pvt., is dealing with an increasing number of legal issues. US attorneys defending...
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Union Budget Update: 1000 Cr VC fund announced to promote space economy
When Finance Minister Nirmala Sitharaman revealed a ₹1,000 crore venture capital fund devoted to developing space technologies, she made a revolutionary revelation for the Indian space industry. This...
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Union Budget News: How will it affect the Indian middle class?
A segment of India’s middle class that has long felt disregarded by government policies, Budget 2024 has caused serious agitation. This group has paid high taxes for more than ten years without seeing...
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Union Budget News: How to save ₹17,500 in income tax under NTR
To help the middle class financially, Finance Minister Nirmala Sitharaman has revealed some significant changes to the Union Budget for 2024–2025. The tax slabs have experienced a little alteration...
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IPO Update: Reports suggest Ola Electric to launch $740 Mn IPO next month
The electric car division of Ola Cabs, Ola Electric, is expected to launch its initial public offering (IPO) in the first half of August, causing a stir in the Indian stock market. Under the direction...
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Ather Energy’s net loss increases by 22.5% reaching ₹1060 Cr in FY24
Hero MotoCorp, the top two-wheeler firm in India, is spearheading the electric vehicle (EV) revolution with its innovative investments in Ather Energy. Despite Ather’s mounting losses, Hero MotoCorp’s...
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Govt confirms BSNL data breach in May, security panel formed
On May 20, 2024, the Indian Computer Emergency Response Team (CERT-In) issued a notification of a data breach that occurred within the networks of Bharat Sanchar Nigam Limited (BSNL). This information...
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Insurtech startup Go Digit increases profit by 74% to INR 101 Cr in Q1 FY25
A 74% increase in profit after tax (PAT) was reported by insurtech startup Go Digit General Insurance for the June quarter (Q1) of the fiscal year 2024–25 (FY25), up from INR 58 Cr in the same quarter...
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Byju Raveendran moves to Karnataka HC challenging Byju’s insolvency order by...
Byju Raveendran, the founder of the well-known edtech company Byju’s, has recently stepped up his legal defense against the National Company Law Tribunal’s insolvency proceedings (NCLT). On July 25,...
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iPhone 16 Pro and iPhone 16 Pro Max to be made by Pegatron in India: Reports
Apple Inc. has made a ground-breaking announcement: for the first time, the tech giant will construct its high-end iPhone 16 Pro and Pro Max models in India. This move, which involves Foxconn as a...
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Google ties with Electric Pe to show EV charging stations on Google Maps
In a groundbreaking move, Google, led by Indian-born Sundar Pichai, has partnered with Bengaluru-based EV startup ElectricPe. Users will have access to real-time information regarding the location and...
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Audio entertainment platform Pocket FM lays off 200 writers to optimise costs
The strategic choice made by Pocket FM to let go of some of its US-based writers was made with the intention of maximizing resources and harmonizing with its ongoing initiatives. Although the impacted...
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