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,
The margin trading feature (MTF), which Zerodha has introduced, enables users to trade on borrowed funds on the platform. Nithin Kamath, founder and CEO of Zerodha, said on X on December 19, "I don't know if it is a good time with the markets falling, but we
The Securities and Exchange Board of India (Sebi) has, as anticipated, strengthened the rules pertaining to IPOs for small and medium-sized businesses. The capital market regulator set a cap on shares that could be sold through the offer for sale (OFS) route and implemented profitability standards during its Board meeting
Hyderabad (Telangana) [India], December 19: In an entrepreneurial landscape that is constantly evolving, the ability to streamline business operations and navigate the complexities of finance and compliance can be the difference between success and failure. Abhishek Boddu, the founder and CEO of OnEasy.AI, is transforming the startup ecosystem by
To support manufacturing startups, the Department for Promotion of Industry and Internal Trade (DPIIT) has partnered with SaaS giant Tally Solutions and HDFC Bank by signing a memorandum of understanding (MoU). Tally will provide training, case studies, and expert-led sessions to assist the chosen new-age tech companies in streamlining operations,
MagicNOW, a new 15-minute meal delivery service that is being piloted in major Indian cities and metros, was unveiled by magicpin, the country's third-largest food delivery app. In order to preserve freshness and culinary integrity, magicNOW strives to deliver fast meals within a 1.5–2 km radius.
On December 17, the government told the Parliament that more than 1.63 lakh direct jobs had been created in Bengaluru by more than 13,000 startups approved by the Department for Promotion of Industry and Internal Trade (DPIIT). In response to a question in the Lok Sabha, Jitin Prasada,