2 minutes reading time Last update: August 1, 2024 | 16:35 IS Electric two-wheeler manufacturer Ather Energy has signed a pact with battery maker Amara Raja Energy & Mobility (ARE&M) to develop and source lithium-ion (Li-ion) battery cells for its electric scooters, a move that will promote domestic cell manufacturing and innovation. These cells will … Read more
The rapid growth of digital payments has also increased scrutiny of online payments. Traders Due to a rise in tax evasion cases, people familiar with the development told ET. The General Directorate of Tax Intelligence on Goods and Services (DGGI) is working closely with start-ups, pay Aggregators and payment gateways to monitor whether merchants are … Read more
Major fintech company based in New Delhi bharatpe has launched secured loan offers for its businessman Partners. The fintech company has launched two new lending products – two-wheeler loans and loans against mutual funds (LAMF). The launch marks BharatPe’s first foray into secured lending, following its success in unsecured lending over the past few years. … Read more
4 minutes reading time Last update: August 1, 2024 | 20:19 IS Zomato-owned fast-commerce company Blinkit plans to maintain its expansion spree at the cost of lower margins in the near term and aims to increase its number of dark stores to 2,000 from the current 639 by the end of 2026, the company’s chief … Read more
Concerned educational technology The founder of the Byju’s firm, By Ju RaveendranHe said in an email to employees that their salaries would be paid promptly as soon as he regains control of the company’s accounts, even if that requires taking on more debt. “When we regain control, we will pay their salaries on time, even … Read more
Ankur Capital, an early-stage company venture capital The Fund has received commitments for its third fund (Fund III) from two of its existing limited partners: British International Investment (BII) and the John D. and Catherine T. MacArthur Foundation. They join the US-based International Development Finance Corporation (DFC) and Self-Reliant India (SRI) Fund, which had previously … Read more
3 minutes reading time Last update: August 2, 2024 | 17:18 IS E-commerce firm Meesho has strengthened its board of directors with the appointment of four independent directors, including a former CII chairman and a JPMorgan veteran, the firm said on Friday, while expressing confidence that the new members would help the firm democratize online … Read more
For now, the Supreme Court On Tuesday, it refused to restrict the provisional professional resolution (IRP) of Think & Learn Pvt Ltd, the parent company of debt-ridden online education services. Byju’sto establish a committee of creditors (CoC). A bench headed by Chief Justice DY Chandrachud agreed to hear the case in detail on Thursday, including … Read more
Based in Gurugram financial technology firm MobiKwik has reported significant financial growth for the fiscal year ending March 2024. The company’s revenue rose to Rs 875 crore, an impressive 62% increase from Rs 539 crore in FY23. Strong revenue growth enabled MobiKwik to turn profitable, posting a net profit of Rs 14.08 crore, a notable … Read more
A Byju’s learning centre in Mumbai. Photographer: Dhiraj Singh/Bloomberg 2 minutes reading time Last update: August 2, 2024 | 16:47 IS In a major relief for Byju’s, the NCLAT on Friday set aside insolvency proceedings against the troubled edtech major over a sponsorship deal and approved a Rs 158 crore settlement with the Board of … Read more
