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On January 9, M Nagaraju, the secretary of financial services, announced that the Union government would shortly introduce a new credit guarantee program for the MSME sector that would cover loans up to INR 100 crore. He stated on the last day of Grameen Bharat Mahotsav that the centre is
In a recent Rajya Sabha session, Union Minister of State for Commerce and Industry Jitin Prasada revealed that Uttar Pradesh (UP) has become a notable state, home to about 9% of all startups in India. To encourage creative business endeavours and strengthen the startup ecosystem, the Uttar Pradesh government has
The National Restaurant Association of India (NRAI) is expected to petition the Competition Commission of India (CCI) for intervention about the launch of the 10-minute meal delivery standalone apps, Bistro and Snacc, adding to the problems caused by Zomato and Swiggy's anti-competitive conduct. According to a media story
Group CEO and co-founder Sriharsha Majety told a media outlet that Swiggy, a food and grocery delivery service, plans to release its rapid commerce offering, Instamart, as a stand-alone app as part of its multi-app strategy in response to changing consumer preferences. Instamart will undoubtedly be available on the main
In an attempt to cut down on food waste throughout its value chain, listed foodtech giant Swiggy has started a new campaign called "Swiggy Serves." In an effort to combat hunger nationwide, Swiggy intends to redistribute excess food from its restaurant partners to underprivileged areas, the firm announced
According to industry sources, the eyewear company Lenskart has reached out to bankers to make a pitch for its impending IPO, which aims to raise roughly $1 billion. The company intends to go public by the beginning of next year and hopes to be valued at around $7 billion. The
🔍Insights
Magicpin is a vibrant local discovery and rewards platform that links customers with nearby businesses in a variety of industries, including grocery, fashion, food, and beauty. Magicpin enables users to discover new locations in their area and share their experiences with friends and the community at large by utilizing a
The RailTel Corporation of India's plans to solicit bids from "illegal" online pharmacies in order to enable the home delivery of medications from hospitals run by the railways have angered the All India Organisation of Chemists and Druggists (AIOCD). The AIOCD warned in a letter to
The parent firm of Zepto, a leading player in fast commerce, KiranaKart Technologies, has agreed to purchase solutions from the listed fintech SaaS business Zaggle. According to an exchange filing, Zaggle will give Zepto access to its employee benefits platform, Zaggle Save, and spending management tool, "Zaggle Zoyer Petty
The Ghaziabad Police have closed more than 50 hotels for "fraudulently" utilising OYO's name, according to a statement released by the travel booking website. The action follows the filing of a formal complaint by the business and the submission of a police report to the licensing
According to reports, electronics companies Dixon Technologies and Foxconn have pleaded with Indian authorities to pay INR 700 Cr in outstanding debts. The payments relate to the subsidies covered by the Centre's production-linked initiative (PLI) program that the two Apple vendors are eligible to receive. According to a
Tata Consultancy Services (TCS), a world leader in IT services and digital transformation, has announced a strategic alliance with The ePlane Company, a pioneer in compact flying electric taxis and urban air mobility solutions, to revolutionise urban mobility. The collaboration intends to take advantage of TCS's proficiency in