In order to create the University of Innovation (UoI), which aims to be the first Institute of Eminence (IoE) in the state, the Government of Andhra Pradesh (GoAP) and PhysicsWallah (PW), an EdTech business, have signed a memorandum of understanding (MoU). According to a statement released on December 21, this
For a monetary consideration of INR 3 Cr (about $353K), Redstart Labs, a subsidiary of online classified firm Info Edge, plans to purchase an additional investment in Brainsight Technology, increasing its ownership of the Bengaluru-based healthcare startup from 4.68% to 5.27%. The company, which is led by Sanjeev
On December 21, Finance Minister (FM) Nirmala Sitharaman made it clear that the 5% goods and services tax (GST) rate will remain applied to new electric cars (EVs). However, the FM also stated that used EV sales between private parties will continue to be GST-exempt. FM While speaking to the
Cricket player Sachin Tendulkar has joined Mumbai-based financial firm Kissht as a brand ambassador and strategic investor. The company stated that the move will help it grow its business and improve its credit finance products, but it did not reveal the deal's financial details. According to the business,
Ola CEO Bhavish Aggarwal is said to have threatened employees with severe repercussions if they fail to report for duty amid rumours that the company is laying off about 500 workers. Aggarwal brought attention to the problem of low office attendance and urged staff members to put their work obligations
India Accelerator, a startup fostering platform, has launched its Cohort'25 for IT startups and intends to invest $8–10 million in the flagship initiative. Beginning in the first quarter of 2025, this program will develop 30-35 companies in disruptive industries, such as e-commerce platforms, sustainable mobility, GenAI solutions,
A draft bill that seeks to outlaw unregulated lending practices in the nation has been put out for public comment by the finance ministry. The draft measure, which is titled "Banning of Unregulated Lending Activities" (BULA), will be available for public comment until February 13, 2025. All organisations
PhysicsWallah, a prominent Edtech startup, has gone public in anticipation of its 2025 initial public offering (IPO). A resolution to rename the edtech unicorn from PhysicsWallah Private Limited to PhysicsWallah Limited, a public business, was passed by the board earlier this month. In a regulatory filing, the company stated, "
EbixCash Ltd and its promoter business, Ebix Inc., were fined INR 6 lakh by capital markets regulator Sebi on 19 December for violating disclosure requirements pertaining to the company's planned initial public offering (IPO). The financial services firm EbixCash withdrew its draft red herring prospectus (DRHP) from the
The qualified institutional placement (QIP) offer for the fintech SaaS business Zaggle has begun with the goal of raising INR 950 Cr. The business stated in an exchange filing that the opening of the offer was approved by the board's capital raising committee, which also established the floor
By selling a nearly 4% share in the retail chain for INR 275.88 Cr in a block deal, e-commerce giant Amazon has left Shoppers Stop. According to NSE statistics, on December 18, Amazon.com NV Investment Holdings sold 43.95 lakh Shoppers Stop shares for INR 627.6 each.
The Ministry of Electronics and IT has come under fire from a legislative body for giving up more than half of the money allotted for projects involving the production of semiconductors and displays in 2023–2024. According to a news agency, which cited a report presented in the Lok Sabha,