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Disappointing Q3 Results Send Zomato and Swiggy Stocks Tumbling
Introduction The Indian stock market witnessed a significant drop in the share prices of food delivery giants Zomato and Swiggy on Tuesday, following Zomato’s disappointing third-quarter results. Both...
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Rs 14.26 Cr Cyber Fraud Exposes Payment Gateway Bug at Navi Technologies
Navi Technologies, the financial products and services startup founded by Flipkart co-founder Sachin Bansal, has fallen victim to a sophisticated cyber fraud, resulting in a loss of Rs 14.26 crore. The...
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Telecom Industry Braces for 15%+ Tariff Hike by Late 2025
With a substantial pricing increase of more than 15% anticipated by late 2025, India’s telecom sector is poised for a revolutionary period. This decision highlights the need for a careful balance...
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HUL Acquires 90.5% of Minimalist in a Landmark ₹2,955 Cr Deal
In a historic move in India’s direct-to-consumer (D2C) market, Hindustan Unilever Limited (HUL) paid ₹2,955 crore in pure cash to purchase a 90.5% share in the successful skincare business Minimalist....
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India’s First Indigenous Semiconductor Chip to Debut in 2025
When India releases its first domestic semiconductor chip in 2025, it will mark a significant milestone. At the World Economic Forum in Davos, Union Minister Ashwini Vaishnaw spoke with Shereen Bhan...
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Zomato Expands ESOPs, Grants 4.17 Crore Stock Options Worth ₹903.82 Cr
In an effort to attract and retain top people, Zomato, one of India’s top foodtech companies, has announced a significant expansion of its employee stock option plans (ESOPs). 4.17 crore stock options...
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Infosys Pocharam Campus Expansion to Generate 17,000 Jobs in Hyderabad
Infosys, one of the leading suppliers of IT services in India, has announced a major expansion of its Hyderabad campus in Pocharam. This calculated action is expected to generate an incredible 17,000...
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Tata Electronics Invests $150 Mn for 60% Stake in Pegatron India
Tata Electronics Private Limited (TEPL), a wholly-owned subsidiary of Tata Sons, stated that it has purchased a controlling 60% investment in Pegatron Technology India Private Limited (PTI) as part of...
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Paytm Rejects Claims of ED Notice in Cryptocurrency Scam Case
The massive digital payments company Paytm has vehemently denied recent media claims that it is connected to a bitcoin scam that the Enforcement Directorate (ED) is looking into. The business flatly...
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Everstone Acquires Majority Stake in SaaS Startup Wingify for $200 Mn
In a landmark deal for India’s software-as-a-service (SaaS) industry, private equity firm Everstone Capital has acquired a majority stake in Wingify, a bootstrapped SaaS pioneer, for $200 million. This...
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Weekly Business News: From Wingify Acquisition to Zomato’s ESOP Expansion
Everstone Capital Acquires Wingify: A Boost for India’s SaaS Sector An important turning point for India’s SaaS sector was reached when Everstone Capital paid $200 million to acquire the majority of...
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Weekly Startup Funding News: Indian startups raised $275 Mn this week; from...
The startup ecosystem in India had a mixed picture during the third week of January 2025. Even though the amount of money decreased from the week before, the ecosystem was a hive of activity and...
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Sainsbury’s to Close Cafes and Counters, Cutting 3,000 Jobs Amid Rising Costs
Sainsbury’s, one of the UK’s leading supermarket chains, has announced plans to cut 3,000 jobs as it navigates a challenging economic climate. The cuts, driven by rising labor costs and strategic...
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ICICI Bank Gains Momentum: Stock Rises by 1.20%
The Bombay Stock Exchange (BSE) saw an increase in ICICI Bank’s stock today, which was indicative of the bank’s solid financial results and investor confidence. The stock is up 14.55 points, or 1.20%,...
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India’s Finance Ministry Announces Hunt for New SEBI Chairperson
The search for the next chairman of the Securities and Exchange Board of India (SEBI) has been started by the Indian Ministry of Finance. The country’s markets regulator is about to undergo a major...
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Meesho Secures $550 Mn in Fresh Funding Amid IPO and Expansion Plans
In a recent investment round, Bengaluru-based e-commerce platform Meesho received $250–$270 million, with new investors Tiger Global, Think Investments, and Mars Growth Capital leading the charge. The...
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Nakul Jain Steps Down as CEO of Paytm Payments, Embarks on Entrepreneurial...
The CEO and Managing Director of One 97 Communications’ wholly-owned subsidiary, Paytm Payments Services Ltd (PPSL), Nakul Jain, resigned, according to a major leadership update. With this move, Jain...
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Juspay to be the first to join unicorn club in 2025 with $150 Mn funding round
A major turning point for the fintech sector is anticipated when Bengaluru-based Juspay becomes the first unicorn of 2025. SoftBank and WestBridge Capital are part of an investment round managed by...
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M&E Industry’s Wishlist: Lower Taxes, More Screens, and Support for Regional...
Expectations are rising across all businesses as Budget 2025 draws near, and the media and entertainment (M&E) sector is no different. Leaders in the industry are urging drastic changes to spur...
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Vodafone Makes History with First Satellite Video Call Using a Standard...
Imagine making a seamless video call from a remote mountain range with no cellular coverage—without using any special equipment. Vodafone has just turned this vision into reality. In a groundbreaking...
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