* Profits surge to INR 43.07 crore * Rental revenue from operations reaches INR 265.96 crore * EBITDA rises to INR 118.41 crore Rentomojo, a consumer technology company offering furniture and appliances on a rental model, has reported its FY25 financial results, marking its third consecutive year of profitability as
Signalling renewed market confidence and sector momentum, DJT Microfinance, one of India’s rapidly growing microfinance institutions committed to advancing financial inclusion, has secured funding of INR 130 crore from Public Sector Banks (PSBs) and leading Non-Banking Financial Companies (NBFCs). This strategic funding will support the company’s expansion plans
Together with Future Group CEO Kishore Biyani, the Zerodha co-founders have founded The Foundery, an Indian startup accelerator for early-stage companies. Combining aspects of a school, accelerator, and venture studio, the 90-day residential programme offers aspiring entrepreneurs an immersive experience from concept development to investment readiness, as well as the
India’s startup ecosystem closed the day on a strong note with notable funding activity across wealthtech, biopharma, fintech, and deep tech sectors. PowerUp Money raised fresh capital to deepen its advisory offerings, while PlasmaGen Biosciences secured significant funding to expand its plasma-derived therapy portfolio. MSME lender Dugar Finance strengthened
Apple was penalised over 98 million euros ($114.8 million) by Italy's competition authorities for allegedly abusing its dominance in the digital economy through its app-tracking transparency policy.According to the nation's antitrust watchdog, Apple unfairly requires app developers to comply with privacy regulations. On 22
Axiado Corporation, a leading provider of security and management solutions for modern digital infrastructure, today announced it has raised more than $100 million in an oversubscribed Series C+ funding round led by Maverick Silicon, with participation from Prosperity7 Ventures, Orbit Venture Partners, Crosslink Capital, Nosterra Ventures, and others. The investment
A consumer-first association that evolved into a strategic partnership in daily nutrition.
The employee stock option plan (ESOP) of test prep business Unacademy has been modified to drastically reduce the exercise window for departed employees. In the past, departing employees had up to ten years to buy the stock options they had accrued while working for the company. They now have 30
Maharashtra goods and services tax (GST) authorities have sent Urban Company a tax demand and penalty notice amounting to INR 56.4 Cr. The company stated in a filing with the exchanges that the total sum consists of INR 51.3 Cr in primary tax and INR 5.13 Cr
In order to head its global IT operations, Starbucks has named Anand Varadarajan, a technology expert of Indian descent, as its new executive vice president and chief technology officer (CTO). Varadarajan has worked for Amazon for almost two decades. According to Starbucks, Varadarajan will assume leadership on January 19, become
According to The Economic Times, Taiwanese contract manufacturer Hon Hai Precision Industry (Foxconn) employed about 30,000 people at its new iPhone assembly facility in Bengaluru in just eight to nine months, making it one of the fastest factory ramp-ups ever witnessed in India. The Devanahalli facility, which employs predominantly
Cummins India, a power solutions provider, has stated that it sees a "good opportunity" in the data centre industry, which is experiencing a notable rise due to the adoption of AI and data localisation. With five production sites, assembly facilities, and distribution centres, Cummins India Ltd, a division
Ghost pairing, a recent danger to WhatsApp, is subtly jeopardising user privacy. Scammers use phoney QR codes or verification codes to fool people into connecting their accounts. This enables real-time chat viewing by attackers without the victim's awareness. To avoid data exploitation and privacy violations, users must be
In order to purchase Vibrant Energy, which has a 1337 MW portfolio, Inox Clean Energy Ltd has finalised agreements with Macquarie Corporate Holdings Pty Ltd, based in Australia, and other shareholders. The INOXGFL Group company, situated in Noida, did not reveal the deal value, although industry insiders said it was
The introduction of the Digital Personal Data Protection (DPDP) Rules marks a significant change in India's digital regulations, especially for the financial sector. For years, digital lending, onboarding, and automated financial processes have outpaced the existing guidelines on handling personal data. The new rules provide essential clarity, setting
Since 1999, Avendus Capital has provided advice on hundreds of transactions, and it has recently emerged as one of India's fastest-growing dealmakers by assisting up-and-coming IT tycoons in raising capital. The founders, Gaurav Deepak, Kaushal Aggarwal, and Ranu Vohra are now millionaires. Mizuho Financial Group Inc. announced on
On 20 December, Fortis Healthcare announced that it had signed an agreement to pay INR 430 crore to acquire People Tree Hospital in Bengaluru. Through a 100% acquisition of TMI Healthcare Pvt Ltd, the organisation that runs the People Tree Hospital business, the company has finalised agreements to purchase the
According to Jeet Adani, director of Adani Airports, the Adani Group intends to invest INR 1 lakh crore in its airport business over the next five years, counting on robust and sustained growth in India's aviation sector. Ahead of the start of commercial operations at Navi Mumbai International
India’s startup and enterprise ecosystem continued to witness strong momentum with a mix of funding activity and strategic acquisitions. Blue and grey-collar hiring platform WorkIndia raised INR 97 crore in a Series B round, while social investing startup StockGro secured USD 13 million in Series B1 funding to scale
Following an initial investigation by the Mumbai Police's Economic Offences Wing (EOW), the Ministry of Corporate Affairs' Serious Fraud Investigation Office (SFIO) has begun a comprehensive investigation into suspected accounting errors totalling more than INR 2,000 crore at IndusInd Bank. Sources claim that the probe was
With over 10 lakh happy customers and delivery across 15,000+ pincodes in India as well as 20+ countries, 9shines Label has grown into one of the nation’s most trusted comfortwear brands. Known for turning everyday nighties into stylish, feel-good essentials, the brand blends breathable fabrics, trend-led designs, and
A major shift is underway in the bridal jewellery market. As consumer awareness grows and priorities evolve, a new pattern is emerging: modern brides are increasingly gravitating toward premium grown diamonds and at the centre of this shift is ANOR, with a registered trademark on its Premium Grown Diamond. What
In a deal for $4.4 billion (INR 39,600 crore), Japan's Mitsubishi UFJ Financial Group announced on December 19 that it had acquired a 20% share in Shriram Finance through preferential share allocation. This represents the biggest foreign direct investment in India's financial industry. Two