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Nykaa, a leading e-commerce company in the beauty and fashion industry, has granted its employees 1.80 lakh equity shares through the Employee Stock Option Plan (ESOP). This follows the startup's announcement of a 66.3% increase in its consolidated net profit from INR 7.8 Cr to
According to a November 13 media report, Prosus, which recently saw a healthy return on its investment in Swiggy at the food delivery startup's initial public offering (IPO), plans to list PayU, its payments and fintech business in India, in 2025. Ervin Tu, the group chief investment officer
The Central Consumer Protection Authority (CCPA) has ordered a thorough investigation into suspected "deficiencies" in Ola Electric's services and products, particularly with regard to its scooters, indicating further difficulty for the company. This action comes after Ola addressed previous regulatory notifications about outstanding customer complaints. Nidhi
In partnership with venture capital firms Peak XV and Lightspeed, fintech company Razorpay announced the Razorpay Venture Investment Programme on November 13, 2024. The programme will invest in more than 50 early-stage business-to-business (B2B) enterprises. Every year, the company and its venture capital partners will invest in ten to fifteen
Nykaa, a significant player in the beauty and fashion e-commerce space, is not concentrating on 10-minute delivery, despite the nation's increasing quick-commerce craze. For other, in-demand cosmetic products, the company is instead aiming for a delivery window of 30 minutes to 2 hours. "Ultrafast shipping isn'
After four years of business operations, Stoa, a business that provided an alternative to conventional MBA programmes, has shut down. Co-founder Raj Kunkolienkar made the statement on social media, signalling the end of an endeavour that sought to offer accessible business education to a large audience. The choice, according to
On November 13, 2024, Swiggy went public on the NSE at a price of INR 420, 7.69% higher than its IPO price of INR 390. At INR 412 on the BSE, it made its debut at a premium of 5.64%. According to various published reports, the company'
According to media sources, the Board of Control for Cricket in India (BCCI) is expected to petition the National Company Law Tribunal (NCLT), located in Bengaluru, to have its bankruptcy claim against the ed-tech company Byju's withdrawn. It may follow the Supreme Court's decision last month
The telecoms minister stated on 12 November 2024 that Elon Musk's Starlink is requesting security clearance for a licence to provide satellite internet services in India and will receive permission if all requirements are met. When New Delhi announced last month that it will allocate satellite broadband spectrum
With the issuance of 17.57 lakh stock options under ESOP 2024, online travel aggregator (OTA) Ixigo has extended its employee stock option plan (ESOP). The company stated in an exchange filing that the issuance of 17,57,156 options under ESOP 2024 was authorised by its nominating and compensation
By 2026–2027, a year after the end of the five-year production-linked incentive (PLI) programme for handheld devices, Apple Inc. and its suppliers hope to assemble 32% of the iPhone's global production volume and 26% of its value in India. If global iPhone sales stay at 2023-24 (FY24)
Shipway, a shipping automation startup based in Gurugram, will be acquired by Unicommerce Esolutions, an e-commerce software company, as per the official statement released by the company on 11 November 2024. According to Unicommerce, the transaction will be finalised in phases. It would pay INR 68.4 crore to acquire