The proposed purchase of a share in the foodtech startup Rebel Foods by Singapore's Temasek Holdings was approved by the Competition Commission of India (CCI) on November 26. Rebel Foods, the company behind Faasos, Behrouz Biryani, Oven Story, and other cloud kitchens, is being acquired by Temasek Holdings
The purchase of a portion of Flipkart, a Walmart group company, by Alphabet affiliate Shoreline International Holdings LLC has been authorised by the Competition Commission of India (CCI). A wholly owned subsidiary of Alphabet Inc., the parent company of Google, Shoreline International will purchase shares in Flipkart. According to the
Meesho, an e-commerce unicorn located in Bengaluru, has introduced a state-of-the-art multilingual voice bot driven by generative AI with the goal of transforming customer support. The speech bot is intended to offer scalable, human-like assistance, particularly to customers in tier II towns in India. In order to meet the demands
Ola Electric introduced a new range of affordable e-scooters, with prices starting at less than INR 40,000, in light of the prediction that India's gig economy will double in size and employ over 10 million people in the upcoming years. The market reacted favourably, as Ola Electric&
The fintech giant has reportedly chosen five investment banks to serve as advisors for its $1 billion (about INR 8,424.7 crore) initial public offering (IPO), months after it was revealed that Pine Labs has been considering going public. According to a media report, which cited people familiar with
Under the direction of NITI Aayog, the Union Cabinet, presided over by Prime Minister Narendra Modi, has authorised the continuation of its flagship programme, the Atal Innovation Mission (AIM), with an expanded scope of work and a budget of INR 2,750 crore for the period ending March 31, 2028.
According to reports, Foxconn, a Taiwanese electronics giant, is in talks with the Tamil Nadu government about growing its battery manufacturing operations in India. The Tennessee government has approached Foxconn, the largest contract manufacturer in the US, about 200 acres of property for the company's proposed battery energy
Paytm's parent company, One 97 Communications Limited (OCL), declared on 25 November that Paytm UPI Lite now offers automatic top-up. In order to ensure smooth small-value transactions without requiring a PIN, the feature will enable users to immediately replenish their UPI Lite balance when it drops below a
As India's need for speedy deliveries increases, the Tata Group's e-commerce business, Neu, is testing a quick commerce delivery service called Neu Flash. The 15-minute delivery service is currently available in more than 20 Indian cities. The service has been extended to a number of tier-II
On November 25, Zomato Ltd., a food delivery aggregator, launched its INR 8,500 Qualified Institutions Placement (QIP) offering. The floor price for each equity share was INR 265.91. The indicative price is INR 252.62 per share, which is 7.6% less than the closing market price of
Zomato revealed in its qualified institutional placement (QIP) documentation that its founder and CEO, Deepinder Goyal, has chosen to put his salary on hold for an extra two years, until March 31, 2026. The food delivery giant's FY24 annual report stated that Goyal has previously waived his pay
Despite the frantic efforts of rapid commerce enterprises to introduce and expand their fashion portfolios, fashion companies appear to be retaliating. With its new quick-commerce programme, Myntra promises to deliver goods to customers in as little as 30 minutes. The service, called M-Now, is being tested in a few pin