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With an estimated INR 1,500 crore in investment, IPO-bound Lenskart intends to establish its largest eyewear manufacturing facility in Telangana. On December 9, 2024, state IT and industries and commerce minister Duddilla Sridhar Babu posted on X that the Gurugram-based eyeglasses company has signed a memorandum of understanding (MoU)
Yes, Madam is currently experiencing online backlash for purportedly terminating over 100 employees who reported experiencing increased work-related stress during a mental health survey conducted by the organisation. Anushka Dutta, a former copywriter at Yes Madam, vented her annoyance on LinkedIn, writing, "What's going on at Yes
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In addition to revolutionising the Ed-Tech sector, Unacademy offers educators and enthusiastic learners an online platform. In India, Unacademy is one of the biggest learning platforms. The success of Unacademy, which achieves remarkable heights in the Ed Tech sector, inspires them to perform better for its students. At the moment,
In order to establish guidelines for the ethical and responsible application of AI in the banking and financial industries, the Reserve Bank of India (RBI) has established a committee. In addition to outlining a plan for the long-term integration of AI, the group is responsible for tackling pressing issues including
A fraud protection package called "Shield" was unveiled by fintech company BharatPe on 5 December. It provides coverage against digital frauds, including protection against fraudulent Unified Payments Interface (UPI) transactions. Users are now protected up to INR 5,000 from fraudulent digital transactions thanks to the new provision.
HDFC Securities, a broking firm, downgraded Swiggy from "add" to "reduce"; however, it raised its target price from INR 430 per share to INR 470. This would indicate a 9.2% decline from the stock's last closing price. Swiggy's stock closed on
The Bhavish Aggarwal-led company has been asked to provide more information by the Central Consumer Protection Authority (CCPA), which is looking into consumer complaints against Ola Electric. Ola Electric stated in an exchange filing that the consumer protection agency had asked the business for more information and documents. Ola Electric
One97 Communications, the parent company of Paytm, has distributed 2.44 lakh equity shares to qualified workers through its different employee stock ownership programmes (ESOPs). During its meeting on December 5, 2024, the company's nomination and remuneration committee approved the distribution of 244,801 equity shares with a
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Millions of Indians rely on MobiKwik, a financial technology pioneer, to streamline and improve their digital payment experience. Debit cards, credit cards, net banking, and even cash deposits are just a few of the ways customers may easily load money into their digital wallet with MobiKwik, an all-inclusive mobile payments
For more than INR 450 Cr, Amazon India has purchased a 38.18-acre plot of land in Palava, close to Mumbai, from Lodha Group, a company known as Macrotech Developers, with plans to construct a hyperscale data centre. According to a media report, the previously approved floor space index, which
A Memorandum of Understanding (MoU) has been inked by the Commerce Ministry's Department for Promotion of Industry and Internal Trade (DPIIT) and B2B e-commerce platform Moglix to offer manufacturing firms 12-month incubation support. More than 25 growth-stage firms in the automotive, green energy, chemicals, and infrastructure industries will
The Reserve Bank of India (RBI) raised the UPI Lite wallet limit from INR 2,000 to INR 5,000 in an effort to further boost the nation's adoption of digital payments. On December 4, the central bank also declared that the offline transaction limit for the UPI