Manika Plastech Limited, a top rigid polymer packaging firm, has filed its DRHP with SEBI for an IPO. The offer includes a fresh issue of ₹115 crore and an OFS of 1.5 crore shares. The funds will go towards capex, debt repayment, and expansion.
Brihaspathi Technologies
Mumbai, June 26, 2025: Hyderabad-based AI surveillance and security solutions provider, Brihaspathi Technologies Limited, has successfully raised USD 10 million in funding from foreign institutional investors (FIIs) and others. This capital infusion will fuel the company’s expansion efforts, including the establishment of a new 72,000 sq. ft. CCTV
According to people familiar with the situation, the fintech unicorn Pine Labs filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on June 26. According to a media report, the company intends to raise up to INR 2,600 crore ($304 million) through
On June 26, the stocks of electronics manufacturers Voltas and Whirlpool saw notable increases. This occurred in response to a report that asserted Panasonic's withdrawal from loss-making categories in India, including refrigerators and laundry machines. According to a media outlet, which cited persons familiar with the situation, Japanese
Almost five years after opening the digital marketplace, FMCG conglomerate ITC has shut down its online store. The "ITC Store", which was established in November 2020 during the height of the COVID-19 pandemic to take advantage of the spike in online sales, has ceased accepting orders. The independent
For failing to give all stakeholders equitable access to corporate filings and to take action against brokers who make frequent changes during trading, capital markets regulator SEBI fined the BSE INR 25 lakh on 25 June. Following an inspection that took place between February 2021 and September 2022, the market
Kotak Asset Management Company (AMC) has been hauled to NCLT by an Essel Group subsidiary, which is claiming INR 12.99 crore in unpaid debts. The case was filed in May and was heard by the Mumbai bench of the NCLT. The petition has been submitted in the case by
The online dating app Bumble intends to fire about 240 workers, or nearly 30% of its workforce worldwide. Bumble said in a securities filing that the cutbacks were agreed to by the board this week as the company reorganises its operations to better execute its strategic priorities. A large portion
Sahi, GIVA, and Battery Smart led the funding activity on 25 June 2025. Key news highlights include Lenskart’s upcoming IPO, NPCI’s 42% profit jump, and MakeMyTrip’s $3B stake repurchase from Trip.com.
Over 73% of MSMEs reported growth from digital adoption, led by UPI and smartphones, according to PayNearby’s 2025 MSME Digital Index. Women entrepreneurs showed higher tech use, with 84% using smartphones and 79% reporting digital success.
Online travel aggregator (OTA) MakeMyTrip (MMT), which is listed on the Nasdaq, will repurchase shares from its Chinese investor Trip.com Group Limited for around $3 billion. Trip.com announced that it has modified its share repurchase arrangement with the Indian travel tech company on June 23 in a filing
Chennai, 25th June 2025 – Indian Snack House, a clean-label D2C brand dedicated to delivering authentic South Indian sweets and snacks, has announced the successful closure of its pre-seed funding round by raising ₹2.2 crore. The round was led by Titan Capital, marking a significant milestone for the Chennai-based startup
As it enters the high-tech alumina market, Hindalco Industries Ltd plans to pay $125 million to acquire US-based speciality alumina manufacturer AluChem Companies Inc. According to Saurabh Khedekar, CEO of Hindalco's alumina division, the acquisition will allow the company to expand its product line and get access to
As the pilot of the SpaceX Dragon spacecraft launched for the highly anticipated Axiom 4 mission to reach the International Space Station (ISS), Indian Air Force Group Captain Shubhanshu Shukla has written history. After several delays, the liftoff occurred on June 25 at 12:01 p.m. Following the renowned
Next week, Microsoft Corporation will lay off a significant number of employees in its Xbox division as part of a larger restructuring effort. Deeper issues within the computer giant's video game operations are indicated by the decision, which is the fourth significant round of layoffs to hit the
With this funding, AuraML plans to accelerate product development, broaden its presence in the US, and advance enterprise pilots across warehouse automation, industrial robotics, and next-generation autonomous systems.
In the first two weeks of July, the unicorn in the eyewear industry, Lenskart, will file DRHP for its IPO. It will opt for a public DRHP rather than the confidential DRHP route. Lenskart is choosing full public disclosure over the confidential IPO filing path with the Securities and Exchange
India’s startup funding on 24 June 2025 saw key activity across textiles, FMCG, logistics, deep-tech, ecommerce, and EV mobility. Notable deals include Fantail, Skippi, Prozo (backed by Rohit Sharma), Fabheads, GoKwik, and Evera Cabs—highlighting continued investor confidence across diverse sectors.
UGRO Capital has appointed Anuj Pandey as its new CEO. A founding team member and former Chief Risk Officer, Pandey will now lead UGRO’s MSME lending operations across India. The move comes as the company crosses ₹12,000 crore AUM, acquires Profectus Capital, and completes a large capital raise.
Malabar Gold & Diamonds has launched ‘NUWA by Mine Diamonds’, a new diamond jewellery line with modern, abstract designs. The campaign features Kareena Kapoor Khan and focuses on bold self-expression. Available across 250+ showrooms, each piece is certified and crafted at their Mumbai design studio.
Arbour Investments has committed ₹105 crore to ELV Projects’ two residential developments in Whitefield, Bengaluru, marking its southern India debut. The first ₹20 crore has already been disbursed. The projects span over 11 lakh sq. ft. and include 596 homes.
razorpay
INDIA, Bengaluru, 24 June 2025: In a significant step towards bridging the credit gap for India’s emerging businesses, RazorpayX, the business banking platform of Razorpay, today announced the launch of RazorpayX Corporate Cards in a strategic partnership with Mastercard, RBL Bank, and YES Bank. The cards are built for
Google just introduced AI Mode, its most potent search function to date, to Indian users. This experimental tool, which will be available in English through Search Labs starting from 24 June, is reportedly meant for individuals who want better responses to more complicated questions, such as how to keep two
The game industry in India is expanding quickly, and Mark Zuckerberg's company Meta is interested in joining. The multibillion-dollar software company, in collaboration with four top venture capital funds—Bitkraft Ventures, Kalaari Capital, Lumikai Fund, and Elevation Capital—launched Meta Gaming Accelerator earlier this week, an incubator designed