In a possible deal involving its rapid commerce division under Instamart, Amazon India has reportedly approached Swiggy, which is preparing for an IPO, according to three people familiar with the situation. This news follows closely on the back of Swiggy's secretly submitting draft documents with Sebi for an
After a year of reportedly forging a strategic partnership, Reliance Retail Ventures is planning to launch the Chinese fast-fashion brand Shein in India in the coming weeks. Reliance Retail reportedly owns and operates physical stores as well as an app where users may purchase products of Shein. India banned Shein
The outstation electric bus service provider Fresh Bus, with headquarters in Bengaluru, received a Series A investment round of INR 43.6 crore, or around $5.3 million. The third fundraising round, led by Saama Capital, was backed by ixigo, a market peer. The corporate board has approved a special
The rapid advancement of artificial intelligence is transforming industries by automating complex processes, enhancing operational efficiency, and driving innovative solutions. In sectors ranging from fintech to e-commerce, AI-powered platforms are redefining how businesses engage with users and optimize their internal workflows. Successful implementation requires a blend of technical expertise, strategic
According to media reports as of July 19, 2024, Kunal Bahl and Rohit Bansal, now running Titan Capital and co-founders of Snapdeal, received an incredible 200 times return on their investment before exiting the Urban Company platform. After investing INR 57 lakh in 2015, Bansal and Bahl finally got their
With the introduction of a new country-specific price structure, Google is making it easier to build location-based solutions by cutting the pricing of the Google Maps Platform for developers in India by as much as 70% starting from 1st August 2024. The IT giant is teaming up with the Open
Traditional art forms across the globe are facing a steep decline as digital media, AI-generated content, and rapidly evolving audience preferences reshape the cultural landscape. Economic downturns and reduced funding have further weakened cultural institutions, leaving heritage-based arts struggling to survive. With the rise of short-form entertainment and streaming platforms,
WorldAtlas has published a list of the top ten largest coal mines in the world, and the Gevra and Kusmunda coal mines, which are owned by South Eastern Coalfields Limited (SECL) and are located in Chhattisgarh, India, respectively, come in at number two and four. These two mines, which are
The Mumbai-based clean room partition maker GMP Technical Solutions is valued at INR 185 crores, and Japanese giant Shinryo Corporation has announced that it will purchase an 85% ownership in the company. Vascon Engineers Ltd., an engineering and realty company located in Pune, would sell its stake to Shinryo. The
Kolkata (West Bengal) [India] July 18: In the heart of Calcutta, a city known for its rich cultural heritage and bustling markets, the jute industry once stood as a cornerstone of economic prosperity. The natural fibre, often referred to as the “golden fibre,” was the lifeblood of Bengal's
A bill requiring private sector employers in Karnataka to hire locals has been adopted by the Siddaramaiah Cabinet. The law specifies a 50% quota for management roles and a 70% quota for non-management roles. The decision was announced by Chief Minister Siddaramaiah on X, who said that on Monday, the
The healthcare sector is undergoing a transformative shift, redefining how organizations manage and grow strategic accounts. By fostering collaboration, prioritizing customer-centric solutions, and aligning internal resources, leaders are driving exceptional revenue growth and setting new benchmarks for success. At the forefront of this transformation is Priyanka Taranekar, whose visionary approach
Only two states, West Bengal and Odisha, allow alcohol home delivery, but media sources say six states may launch a pilot project after assessing it. According to reports, Swiggy, BigBasket, Blinkit, and Zomato may soon deliver beer, wine, and liqueurs. Industry executives informed the media that New Delhi, Karnataka, Haryana,
For fiscal year 2024–25 (FY25), the IMF increased India’s growth prediction by 20 basis points (BPS), bringing it up to 7% from 6.8%. The improvement in private consumption, especially in rural India, is the reason for the improvement in the growth projection, according to the International Monetary
Moving Tech Innovations Ltd., the company behind community-led mobility apps Namma Yatri and Yatri Sathi, has raised $11 million (INR 92 crore) in a pre-Series A funding round. Google and a number of other investors joined Blume Ventures and Antler in leading the round. The money will be put into
The edtech company BYJU'S expressed optimism that it and the Board of Control for Cricket in India (BCCI) may come to a mutually agreeable resolution after the latter filed a petition to initiate insolvency proceedings due to unpaid dues. Recently, the National Company Law Tribunal (NCLT) Bengaluru court
The Ministry of Defence's Department of Defence Production (DDP) has released the fifth Positive Indigenisation List (PIL) in an effort to achieve Aatmanirbharta or self-reliance, in the defence sector and decrease imports by Defence Public Sector Undertakings (DPSUs). Raw materials, components, systems, sub-systems, assemblies, spares, and components are
A total of 23 innovation projects valued at INR 43.87 crore have been granted to startups by Indian Railways with the aim of improving services. Elastomeric pad design, lightweight wagons, track inspection technology, and rail stress monitoring are some of the issues that solutions aim to address. A news
The exciting annual Tech Summit will showcase the future of technology on November 25–26, 2024, starting at 8:00 AM at Marina Bay Sands in Singapore. Themed "Transforming Tomorrow," this year's summit promises to be a two-day extravaganza of innovation, knowledge-sharing, and unparalleled networking opportunities.
As a result of unapproved related party transactions of INR 324 crore and INR 36 crore with Paytm Payments Bank (PPBL) in FY 2021-22, One 97 Communications (OCL), the parent company of Paytm, was warned by SEBI. Noncompliance was highlighted in the letter dated July 15, 2024. When responding to
Zomato and Swiggy, two of the largest food delivery companies in the world, shocked consumers in important cities like Bengaluru and Delhi by increasing their platform costs by 20%, to Rs 6. Both sites gradually raised their order fees from Rs 2 to Rs 6 over several months. Delivery companies
Startups in agriculture and related industries will soon have access to direct equity funding through the government's 'Agri Fund for Start-Ups and Rural Enterprises' (AgriSURE), which will also invest in debt Alternative Investment Funds (AIFs) that are either sector-specific or sector-agnostic. The creation of a Category-II
The Biden administration released updated details about the International Entrepreneur Rule (IER) last week. The IER permits foreign entrepreneurs to remain in the nation for a maximum of 5 years, provided their enterprise is determined to be significantly beneficial to the public. The entrepreneurs can be granted a first parole
The parent company of Google, Alphabet, is reportedly in negotiations to acquire the cyber security startup Wiz for approximately $23 billion. This would be the biggest acquisition that Alphabet has ever made. The talks may not go through because many aspects have not been worked out yet, according to a