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Govt probe on Byju’s finds no evidence of wrongdoing, but acknowledges...
In a dramatic twist for India’s largest ed-tech company, Byju’s, a yearlong probe by the Ministry of Corporate Affairs has revealed a tale of two halves: the absence of financial fraud but significant...
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Jewelry brand Giva in talks to raise Rs 200 Cr from Premji Invest
Premji Invest is allegedly in talks with Bengaluru-based omnichannel jewelry manufacturer Giva to raise about Rs 200 crore. The company is making this move in an effort to expand its market reach and...
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Report suggests Softbank to invest up to $20 Mn in Jeff Bezos backed...
Japanese tech giant SoftBank Group Corp’s Vision Fund 2 is investing between $10 million and $20 million in U.S. search firm Perplexity AI, in a daring move that could drastically change the landscape...
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Flipkart not letting sellers change prices of their listings, sellers cite it...
Over the past month, a number of Flipkart vendors have complained about not being able to adjust the prices of their products. This comes after Flipkart unveiled a revised commission rate card in May....
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Greg Moran, CEO of Zoomcar, terminated over falling short of revenue projections
Zoomcar, a car rental firm with its headquarters in Bengaluru, has announced that co-founder Greg Moran is leaving his position as CEO after 12 years in that role. This represents a major shift in the...
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Mumbai based ed-tech firm upGrad raises INR 287.5 Cr in debt funding from...
EvolutionX Debt Capital, based in Singapore, has successfully provided debt financing to Mumbai-based upGrad, an edtech unicorn. This calculated move entails the issue of 28,75,000 debentures having a...
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Report suggests Foxconn to make AI servers in India
The company that powers many of Apple’s well-known devices, Foxconn, is starting a thrilling new chapter in its history by adding artificial intelligence (AI) servers to its line of products it can...
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Indian Startup Funding News: Indian startups raised $196 Mn this week; from...
This week has seen a sharp decline in investment activity in the Indian startup ecosystem. Startups raised a mere $196.47 million in 17 deals between June 24 and June 29, which is a sharp 75% decrease...
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Amid reports of Foxconn’s discriminatory hiring, Bhavish Aggarwal clarifies...
Following the disclosure of Foxconn’s discriminatory recruiting practices against married women, Ola’s founder and managing director, Bhavish Aggarwal, has issued a resounding statement reaffirming his...
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From July 1st, Matrix Partners India to be renamed as Z47
Matrix Partners, a renowned US-based investment firm, is rebranding its Indian arm to Z47 starting July 1, 2024. This move is part of a larger organizational restructuring aimed at clarifying regional...
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ITC FY24 report shows 24% rise in employee salaries over 1 Cr, 68 more...
There is a noticeable increase in the number of executives at ITC, a well-known Indian conglomerate with a broad variety of commercial activities, who earn more than Rs 1 crore annually. According to...
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Shark Tank India’s Namita Thakur likely to make Rs 127 Cr from upcoming...
The Indian pharmaceutical industry is buzzing with activity as dynamic Executive Director Namita Thapar of Emcure Pharmaceuticals prepares to earn an astounding ₹127 crore from the widely anticipated...
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Who is Ram Shriram, one of Google’s first investors?
In a recent post on X, formerly known as Twitter, Dr. Shriram Nene, the spouse of Bollywood actress Madhuri Dixit, showed his affection for Indian-American businessman Ram Shriram. In a tweet, Nene...
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Abu Dhabi Investment Authority buys more shares in Purplle leading $120 Mn...
With an investment of Rs 1,000 crore, or roughly $120 million, the Abu Dhabi Investment Authority (ADIA) has increased its interest in Purplle, an online retailer of beauty and personal care items....
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Bengaluru based sneaker brand Comet raises $5 Mn from Elevation Capital, others
In a recent Series A fundraising round, Comet, a Direct-to-consumer (D2C) sneaker business based in Bengaluru, raised Rs 42.3 crore. With involvement from current investors Nexus Ventures and AngelList...
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Karnataka Labour Minister Santosh Lad asks Byju’s to clear dues worth Rs 4.5...
On July 1, Karnataka Labour Minister Santosh Lad met with representatives of Byju’s parent company, Think and Learn Pvt Ltd. This is a big development. The purpose of the gathering was to discuss the...
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Who is Rishi Shah, man behind the $1 Bn Outcome Health fraud now sentenced to...
38-year-old Indian-American businessman Rishi Shah received a seven years and six months prison sentence for his involvement in a billion-dollar fraud scheme. Shah founded Outcome Health, a...
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Wellness brand Hoop onboards PV Sindhu as an investor and brand ambassador
One of the most successful female athletes in India and a two-time Olympian, PV Sindhu, has ventured outside the badminton court to become an investor and brand ambassador for the wellness company...
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Tata to open India’s first airline-operated flying training school at Amravati
The Tata Group company Air India is preparing to open a Flying Training Organization (FTO) in Amravati, Maharashtra, in a historic step that will fundamentally alter the aviation industry in India....
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OYO raises $50 Mn from InCred at $2.38 Bn valuation, marking a 76% decrease...
InCred Wealth and Investment has provided Rs 416.85 crore (about $50 million) to Ritesh Agarwal’s OYO in a historic move, the company’s first large capital round in almost three years. This cash...
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