A business journalist delivering the latest news, updates, and industry insights from the business ecosystem. Have anything interesting to share on our site? Reach out at story@startuptalky.com
For failing to give all stakeholders equitable access to corporate filings and to take action against brokers who make frequent changes during trading, capital markets regulator SEBI fined the BSE INR 25 lakh on 25 June. Following an inspection that took place between February 2021 and September 2022, the market
Kotak Asset Management Company (AMC) has been hauled to NCLT by an Essel Group subsidiary, which is claiming INR 12.99 crore in unpaid debts. The case was filed in May and was heard by the Mumbai bench of the NCLT. The petition has been submitted in the case by
The online dating app Bumble intends to fire about 240 workers, or nearly 30% of its workforce worldwide. Bumble said in a securities filing that the cutbacks were agreed to by the board this week as the company reorganises its operations to better execute its strategic priorities. A large portion
Online travel aggregator (OTA) MakeMyTrip (MMT), which is listed on the Nasdaq, will repurchase shares from its Chinese investor Trip.com Group Limited for around $3 billion. Trip.com announced that it has modified its share repurchase arrangement with the Indian travel tech company on June 23 in a filing
As it enters the high-tech alumina market, Hindalco Industries Ltd plans to pay $125 million to acquire US-based speciality alumina manufacturer AluChem Companies Inc. According to Saurabh Khedekar, CEO of Hindalco's alumina division, the acquisition will allow the company to expand its product line and get access to
🔍Insights
With its cutting-edge electric bike-sharing services, Yulu is a trailblazing urban mobility platform that offers convenient and environmentally friendly transit options. Utilising cutting-edge IoT technology and data-driven insights, the company generally operates in busy metropolitan regions, optimising the availability and upkeep of its e-bikes. In this article, we'll
As the pilot of the SpaceX Dragon spacecraft launched for the highly anticipated Axiom 4 mission to reach the International Space Station (ISS), Indian Air Force Group Captain Shubhanshu Shukla has written history. After several delays, the liftoff occurred on June 25 at 12:01 p.m. Following the renowned
Next week, Microsoft Corporation will lay off a significant number of employees in its Xbox division as part of a larger restructuring effort. Deeper issues within the computer giant's video game operations are indicated by the decision, which is the fourth significant round of layoffs to hit the
In the first two weeks of July, the unicorn in the eyewear industry, Lenskart, will file DRHP for its IPO. It will opt for a public DRHP rather than the confidential DRHP route. Lenskart is choosing full public disclosure over the confidential IPO filing path with the Securities and Exchange
🔍Insights
The extensive Nestlé business model canvas offers valuable insights for owners and marketers. The multinational food and beverage corporation is able to have a significant market presence thanks to its elaborate and innovative business strategies. The business effectively links itself to health, well-being, and nutrition, which increases customer loyalty. About
🔍Insights
A vibrant and forward-thinking furniture rental business, Furlenco serves city people looking for adaptable and fashionable living options. Furlenco, an Indian company, offers a large selection of kitchen, living room, and bedroom furniture in addition to necessary household appliances. In this article, we explore the Furlenco business model and how
Google just introduced AI Mode, its most potent search function to date, to Indian users. This experimental tool, which will be available in English through Search Labs starting from 24 June, is reportedly meant for individuals who want better responses to more complicated questions, such as how to keep two
The game industry in India is expanding quickly, and Mark Zuckerberg's company Meta is interested in joining. The multibillion-dollar software company, in collaboration with four top venture capital funds—Bitkraft Ventures, Kalaari Capital, Lumikai Fund, and Elevation Capital—launched Meta Gaming Accelerator earlier this week, an incubator designed
For its Mumbai International Airport Ltd. (MIAL), Adani Airports Holdings Limited (AAHL) was able to obtain $1 billion in funding through a project finance framework. AAHL is the biggest private airport operator in India and a fully owned subsidiary of Adani Enterprises Ltd. Adani Airport Holdings is the parent company
Due to concerns that the telecom operator would fail without executive latitude, the Centre, which already owns the largest equity in Vodafone Idea (Vi) through the conversion of previous receivables into stock, is considering a number of options to give the telco additional relief on outstanding regulatory dues of INR
Nikhil and Nithin Kamath, co-founders of Zerodha, have paid INR 250 crore to purchase a minority interest in InCred Holdings Limited, which is the parent company of InCred Financial Services Ltd (IFSL). This is in advance of InCred's anticipated first public offering later this year. IFSL is a
🔍Insights
The used automobile industry in India has grown within the past ten years. People favor used cars over brand-new ones. Why? Buying a used automobile not only saves money but also eases your concerns about tiny dings and scratches! For entrepreneurs in this market, the increase in demand for secondhand
According to reports, Apple is thinking about putting in a bid to acquire Perplexity, an artificial intelligence (AI) startup. The Cupertino-based tech conglomerate has reportedly talked internally about the potential move to support its internal development of AI models and services. The possible transfer coincides with multiple delays in the
Ola, Uber, and Rapido are among the ride-hailing companies that will present a new set of arguments to the Central Board of Indirect Taxes and Customs (CBIC) regarding the controversial topic of whether the goods and services tax (GST) applies to services provided using the software as a service (SaaS)
Months after leaving the online pharmaceutical company, PharmEasy, co-founders Dharmil Sheth, Dhaval Shah, and Hardik Dedhia have launched a new business named "All Home" in an attempt to capitalise on the expanding home remodelling and interior design sector. Co-founder Dharmil Sheth told a media outlet that the Mumbai-based
On 22 June, Air India declared that it will temporarily cease operations on three routes and cut back on 118 weekly flights using narrow-body aircraft across 19 routes. The move comes shortly after the airline, which is owned by the Tata Group, announced that it will temporarily reduce the number
On June 22, Amazon India announced that it is entering the diagnostics market with the launch of a new at-home diagnostics service that will allow customers to book lab tests, schedule and track appointments, and access digital reports from the Amazon app, completing the trinity of healthcare service offerings. Through
OpenAI has gained attention for creating some of the most well-liked AI tools in the world. However, a significant new investigation is now shining a light on OpenAI's governance, work culture, and leadership. What's at the heart of all of this? Sam Altman, CEO. Two nonprofit
🔍Insights
As a world leader in online classifieds, OLX Group offers a platform that enables people to efficiently and easily purchase, sell, or trade a wide variety of used goods and services. In an effort to streamline transactions in local communities, OLX Group uses cutting-edge technology to make item listings as