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Between September 11 and 12, some registered merchants and users cheated the publicly traded fintech business MobiKwik out of INR 40 Cr. The business alleged in an exchange filing that certain users and merchants from a few Haryana regions conspired to obtain an "unfair monetary advantage" by stealing
Groww, an online investing platform, has submitted a revised draft prospectus for an IPO of INR 6,000–7,000 crore to the Securities and Exchange Board of India (SEBI). The transaction would consist of an offer for sale (OFS) of 574 million shares valued at about INR 5,000–
On September 15, Ford Motor Company declared that it would lay off up to 1,000 workers at its Cologne, Germany, electric vehicle production. According to the firm, the decision was made because battery-powered car sales are falling short of projections. According to an AP story, the automaker clarified that
One of the major companies in the airport services industry, Dreamfolks Services Limited, has announced a big operational shift that will likely have a big effect on its operations. With effect from September 16, 2025, the corporation has stopped providing its customers with domestic airport lounge services. Dreamfolks Services claimed
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Physics Wallah, known as PW, is recognizable to anyone familiar with India's formerly thriving (but now reorienting) EdTech businesses. There are a lot of big companies in the EdTech industry that are worth a lot more than this young company. Many of them raised billions of dollars from
According to reports, the government is eager to introduce satellite communication (satcom) services by January 2026. The Digital Communication Commission (DCC, formerly known as the telecom commission), the highest decision-making body of the telecom department (DoT), is scheduled to meet shortly to discuss the country's satcom rollout, according
On September 15, the fintech company CRED, based in Bengaluru, announced Sovereign, an exclusive society for India's elite, which includes a custom 18-karat gold credit card with guilloché engraving. The CRED-IndusInd Bank RuPay Credit Card was also introduced by the corporation. With CRED Scan and Pay, this lifestyle-focused
Due to a "client" funding crisis and difficulties in attaining the proper product-market fit (PMF), EV ride-hailing startup MyPickup has ceased operations. MyPickup's founder, Abhijeet Jagtap, announced the news on LinkedIn. He said that during "non-peak times", the startup was having trouble achieving PMF.
According to various media reports, Mukesh Ambani, who announced that Reliance Industries' telecom division, Reliance Jio, would go public next year, is also working on listing Reliance Retail, which may be valued at around $200 billion. With the demerger of the fast-moving consumer goods (FMCG) division, Reliance Consumer Products,
To provide consumers with affordable meal options, listed foodtech giant Swiggy has launched a new food delivery app called "Toing". The app delivers meals for less than INR 250 and is presently available in a few Pune locales. According to the Google Play Store app description, Swiggy'
The Centre has suggested that data centre developers receive a 20-year tax exemption in an effort to boost the data centre sector. Developers that satisfy the goals for capacity expansion, power usage efficiency, and job creation would be exempt from taxes, as per the draft National Data Centre Policy 2025,
For a total cash consideration of 75 million euros (more than INR 775 crore), the multinational product engineering and digital services company Tata Technologies said on 13 September that it will purchase a 100% ownership in the Germany-based ES-Tec Group and its subsidiaries. According to a statement from Tata Technologies,
According to an official announcement issued on 14 September, the government has extended the application period for the PLI plan for white goods (LED lights and air conditioners) by 30 days. From September 15 to October 14, the window will remain accessible. As per the Ministry of Commerce and Industry,
Recently, Elon Musk's xAI caused a stir by reorganising its team in a big way, which is changing how it develops AI. About 500 workers were let go by the corporation on the evening of September 12, 2025, from the data annotation team, which was its largest division.
In an effort to lower the cost of everyday necessities for the average person, the Modi administration has redesigned the Goods and Services Tax (GST) system. The GST Council authorised a two-tier rate structure of 5 and 18%, which will go into effect on September 22 as part of this
On 12 September, the National Pharmaceutical Pricing Authority (NPPA) ordered all producers of pharmaceuticals and medical devices to lower their goods' maximum retail prices (MRPs) right away. The government's decision to rationalise the goods and services tax (GST) rates on medications and formulations, which was recommended at
With the General Insurance Council (GI Council) demanding that the Association of Healthcare Providers (India) (AHPI) reverse its threat to halt cashless services for policyholders of Star Health Insurance, the dispute between hospitals and insurance firms has intensified once more. In order to maintain patient care, the council requested that
Adani Power said on 13 September that it will invest USD 3 billion (about INR 26,482 crore) to build a 2,400 MW ultra-supercritical power plant in Bihar. In a statement, the Adani Group firm said that it and Bihar State Power Generation Company Ltd (BSPGCL) had inked a
SEBI announced changes on 12 September that will eliminate redundant paperwork for low-risk foreign investors such as sovereign wealth funds, central banks, and retail funds, and loosen minimum dilution requirements for IPO-bound businesses. The easing coincides with an increase in international outflows, which are being fuelled by high US tariffs,
Following India's complete prohibition on real-money gambling (RMG), Bharti Airtel scion Kavin Bharti Mittal is closing his 13-year-old firm Hike. In order to concentrate on international markets, including the US, UK, and Australia, Mittal had already announced ambitions to leave India. In a statement on the mailing platform
In an effort to facilitate business dealings and spur the practice of "reverse flipping", which involves Indian start-ups and other companies moving their domicile from abroad to the country, the government has expanded the fast-track route for approval of mergers and amalgamations to include more categories of companies.
After failing to agree on a valuation, the family office of billionaire Sunil Mittal has pulled out of talks to buy a 49% share in Haier Appliances (India). The Chinese parent business of Haier India, Haier Group, was looking for a valuation of roughly $2 billion (INR 17,100 crore)
According to the Hurun Global Unicorn Index 2025, the number of privately held unicorns worldwide has increased by 70 from the previous year to a record 1,523 companies valued at over $1 billion each. India now boasts 73 unicorns in 2025, up from just one in 2011, securing its
At the recently finished Semicon 2025, Prime Minister Narendra Modi presided over a roundtable conversation with executives from the global semiconductor sector, during which the industry shared their thoughts on the current projects and suggestions for the next iteration. During the last roundtable, one executive involved in the discussions told