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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
Brainbees Solutions Limited, the parent company of the well-known e-commerce platform FirstCry, announced on November 10, 2024, that a GST department inspection that started on November 6 had completed. The business said in a report to the stock exchanges that it answered all of the questions posed and cooperated completely
The National Stock Exchange of India (NSE India) and Zomato, led by Deepinder Goyal, have teamed up to encourage financial literacy among its delivery partners. As part of the collaboration, Zomato and NSE will conduct financial literacy seminars around India to teach the delivery partner community the ins and outs
Through its fully owned subsidiary Startup Investments (Holdings) Ltd., the internet business Info Edge Datalabs told the stock exchanges that it intends to invest INR 4 crore ($474K) in its portfolio company LegitQuest. By purchasing convertible notes, the investment in the legal tech business will be made in two installments.
Air Orca is a fully autonomous logistics drone service that was introduced by BonV Aero, a startup based in Odisha. Tim Draper, a venture capitalist, was present during the launch event. The CEO of BonV Aero, Satyabrata Sathapathy, stated on 10 November 2024 that the debut of Air Orca represents
With the addition of more than 10,000 electric vehicles (EVs) to its delivery fleet, e-commerce company Flipkart announced that it has reached a significant milestone. This is the outcome of EVs being gradually included in last-mile deliveries over the previous few years. The company announced that, as part of
Previously known for its caste problems, Tirunelveli is currently gaining recognition for its thriving entrepreneurship scene. More women from this area are breaking down barriers and entering the startup environment in recent years. As of September 27, 2024, there were 405 start-ups in the Tirunelveli regional hub, according to data
Until the next hearing, the court barred Swiggy from alienating 24 of a former executive's exercised stock options and 185.454 vested and unexercised stock options. Arun Cyril, Swiggy's former assistant vice president, contested his "illegal" dismissal from the foodtech firm and the ESOPs
India might soon contribute to the design, testing, and research of Apple's new products. The Cupertino-based business has established Apple Operations India as a completely owned subsidiary in India. The new entity's anticipated activities included hiring engineers for hardware development, leasing facilities, purchasing engineering equipment, and
On November 10, food delivery giant Zomato unveiled a new programme dubbed "Food Rescue" that aims to cut down on food waste by allowing local customers to purchase recently cancelled orders at a reduced price. Customers, eateries, and delivery partners are all anticipated to gain from this innovation.