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Weekly Business Updates: Byju’s-BCCI settlement to Infosys GST notice
BCCI and Byju’s Reach Settlement Amid Creditor Opposition The National Company Law Appellate Tribunal (NCLAT) was notified on Wednesday by the Board of Control for Cricket in India (BCCI) that a...
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Indian Startup Funding News: Indian startups raised $222 Mn this week; from...
With 25 acquisitions totaling $222.2 million closed between July 29 and August 3, the Indian startup ecosystem made a remarkable comeback in the final week of July. This was a 416% increase over the...
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Zomato CEO Deepinder Goyal earns Rs 1600 Cr as Zomato share goes up by 19%
Zomato Ltd., a leading food delivery platform, has made headlines with a remarkable surge in its stock price following an impressive performance in the June 2024 quarter. The company’s shares soared...
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WazirX to reconsider socialised distribution of $230 Mn losses after backlash
One of the top cryptocurrency exchanges in India, WazirX, has made a big move by delaying the implementation of its contentious 55/45 fund recovery plan. The intended idea to “socialise” the $230...
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Ola Electric IPO Update: Issue gets fully subscribed on second day
Under Bhavish Aggarwal’s leadership, Ola Electric has created a huge impact with its Rs 6,145-crore initial public offering (IPO). This IPO, which was fully subscribed by the second day, is historic...
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Byju’s goes to SC against US based creditor anticipating challenge to NCLAT...
Byju Raveendran, the creator of Byju’s, the top edtech company in India, has filed a plea with the Supreme Court, marking a key legal milestone. This action is a reaction to an anticipated request by...
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Zepto plans strategic headquarters shift from Mumbai to Bengaluru
Zepto, a rapidly growing fast-commerce firm, is moving its headquarters from Powai, Mumbai, to Sarjapur, Bengaluru. The goal of this strategic move is to integrate all business roles into one, larger...
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Adani Group Chairman Gautam Adani to step down at 70, sons and cousins to...
The Adani Group chairman, Gautam Adani, recently disclosed his intention to retire in the early 2030s. His objective in making this statement, which he made in an interview with Bloomberg News, is to...
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Instawork acquires Bengaluru based jobtech platform Able Jobs to expand...
Instawork, a San Francisco-based staffing firm, has made its first entry into the Indian market with the acquisition of Bengaluru-based Able Jobs, a jobtech platform. Through the use of Able Jobs’...
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WazirX files FIR in PS Special Cell, PS Lodhi Road for $230 Mn hack
On August 6, one of the top cryptocurrency exchanges in India, WazirX, said that a formal complaint had been filed regarding a huge cyberattack that caused a $230 million loss. This announcement was a...
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Adani Group issues clarification after Gautam Adani was misquoted talking...
In a recent statement to the media, Adani Enterprises emphasized that Chairman Gautam Adani’s succession planning should be methodical and gradual. In an effort to dispel misunderstandings, the $213...
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First cry IPO Update: IPO subscribed 0.11 times on the first day
With its initial public offering (IPO), FirstCry, a well-known brand under Brainbees Solutions Pvt. Ltd., has joined the open market. The service has attracted a lot of interest as it approaches its...
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SoftBank’s Vision Fund 1 notes $544 Mn loss after completely exiting from Paytm
SoftBank’s Vision Fund 1 has made a big strategic change by pulling out of several of its well-known investments in the Indian tech sector. These withdrawals, which take place in the June quarter of...
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US court judge refuses to stop Byju’s-BCCI settlement
Judge Brendan Shannon of the United States Bankruptcy Court recently made a major decision by declining to stop a debt payment that would allow Byju’s, the struggling Indian edtech company, to avoid...
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Ola to enter quick commerce sector, robots to be deployed at dark stores
According to reports, Ola, the massive ride-hailing company owned by ANI Technologies, is taking a risk by reentering the fast-growing rapid commerce market. This action represents a dramatic change in...
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Ola Electric IPO Update: Ola Electric share goes up by 20%, issue subscribed...
On August 9, 2024, Ola Electric Mobility, a prominent producer of electric vehicles (EVs) in India, created a splash by listing on the stock exchange. After just a few hours of trading, the company’s...
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Delhi based grocery startup The New Shop in talks with Godfrey Phillips India...
With its most recent calculated move, New Delhi-based The New Shop, a rapidly expanding convenience retail business, is creating ripples in the Indian retail industry. The retailer chain 24Seven, which...
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Byju’s US based lender challenges NCLAT order in the Supreme Court
One of the most well-known edtech companies in India, Byju’s, is back in the news due to a lawsuit it is facing from foreign lenders. In an appeal to the Supreme Court of India, Glas Trust, a US-based...
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Ola electric announces launch of electric bike on Indian Independence Day,...
One business is getting ready to lead the EV revolution in India with a daring initiative that has the potential to completely change the sector. Following its recent public market launch, Ola Electric...
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Indian Startup Funding News: Indian startups raised $112 Mn this week; from...
The Indian startup scene has always been a dynamic one, full of chances and inventive ideas. But the previous week saw a sharp slowdown in the funding trend, which was mostly ascribed to growing...
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