SEBI slaps Rs 5 lakh fine on AGI Greenpac for not disclosing accurate info to shareholders
New Delhi, May 29 - Markets regulator Securities and Exchange Board of India (SEBI) has slapped a Rs 5 lakh penalty on packaging products company AGI Greenpac for "failure to provide accurate, adequate, and explicit disclosure resulting in misrepresentation to the stock exchanges".
Over 30 lakh styles, 8,800 brands and 20 million expected visitors: Myntra EORS-20 live from May 31
New Delhi, May 29 - Celebrating a decade of revolutionising fashion through its marquee event, Myntra, one of India's leading fashion, beauty and lifestyle destinations, on Wednesday announced the 20th edition of its flagship fashion fiesta, the EORS (End of Reason Sale).
FIIs offload over Rs 24,000 crore in Indian equities in May
Mumbai, May 29 - Foreign institutional investors (FIIs) have turned aggressive sellers in Indian equity markets due to the outperformance of the Hong Kong index Hang Seng.
Rajeev Chandrasekhar welcomes US giant UPS to come and manufacture in India
New Delhi, May 29 - Union Minister Rajeev Chandrasekhar on Wednesday welcomed American major United Parcel Service (UPS) for its plans to manufacture tags used in tracking packages in the country.
Razorpay POS launches ‘Q-Zap’ to enable faster checkouts, zero queues
New Delhi, May 29 - Razorpay POS, the offline payments arm of the fintech major, on Wednesday launched 'Q-Zap', a payment solution for retailers, designed to enable faster checkouts and zero queues.
EV-maker Euler Motors raises Rs 200 cr to expand its operations to over 40 cities
New Delhi, May 29 - Electric Vehicle (EV) manufacturer Euler Motors on Wednesday said that it raised an additional Rs 200 crore to close its Series C funding round, bringing the total funding raised in this round to Rs 570 crore.
17 teams emerge as winners in ‘Build for Bharat’ initiative by ONDC, others
Bengaluru, May 29 - Seventeen teams emerged as winners in the 'Build for Bharat' initiative, launched by the government's Open Network for Digital Commerce (ONDC), in collaboration with Startup India, Google Cloud India, Antler in India, Protean and Paytm, it was announced on
Gautam Adani meets Japanese envoy, says his support for India ‘truly inspiring’
Ahmedabad, May 29 - Gautam Adani, Chairman of the Adani Group, said on Wednesday that he met Hiroshi Suzuki, Ambassador of Japan to India, adding that the envoy's appreciation for India's culture and his tremendous support for the country are "truly inspiring".
S&P Global upgrades India’s outlook to positive from stable amid robust economic growth
New Delhi, May 29 - Global rating agency S&P Global on Wednesday revised India's outlook from stable to positive on Wednesday, as the country continues to excel in long-term economic growth amid political stability.
RBI warns ARCs over evergreening distressed assets
Mumbai, May 29 - The RBI has found several instances of Asset Reconstruction Companies, which have been set up to recover NPAs of banks, not fulfilling their role but instead using innovative ways to structure transactions in order to circumvent regulations.
Robotics firm DiFACTO raises Rs 40 cr from Stakeboat Capital
New Delhi, May 29 - Robotics and automation solutions provider DiFACTO on Wednesday said it secured Rs 40 crore from private equity firm Stakeboat Capital in its Series A round.
Pluckk clocks Rs 100 cr ARR, aims to double revenue in 12 months
Mumbai, May 29 - Pluckk, a pioneering digital lifestyle-oriented fresh food brand, has concluded FY24 with an Annualised Revenue Runrate (ARR) of Rs 100 crore.
Fintech startup BharatX acquires Zenifi to enter medical lending market
New Delhi, May 29 - Y-Combinator-backed BNPL fintech startup, BharatX on Wednesday announced that it has acquired healthcare finance startup Zenifi to enter the medical lending segment.
Muthoot Pappachan Group announces Shah Rukh Khan as new brand ambassador
New Delhi, May 29 - Muthoot Pappachan Group (MPG), a 137-year-old leading business conglomerate in India, popularly known as Muthoot Blue, on Wednesday announced Shah Rukh Khan as its brand ambassador.
Report on acquiring a stake in Paytm totally false: Adani Group
New Delhi, May 29 - The Adani Group on Wednesday categorically denied a media report which claimed that the company is going to acquire a stake in digital payments company Paytm.
Industry hails RBI’s 3 new initiatives to bolster fintech sector
New Delhi, May 29 - The fintech industry leaders on Wednesday hailed the three major initiatives of the Reserve Bank of India (RBI) which include the PRAVAAH portal, the Retail Direct Mobile App and a FinTech Repository.
South Korea’s KT SAT partners Rivada Space to expand LEO satellite service
Seoul, May 29 - KT SAT Co., the satellite service arm of South Korea's telecom giant KT Corp., on Wednesday said it has partnered with a German low Earth orbit (LEO) satellite company to strengthen its service capacity.
LinkedIn is so ‘cringe’ it will make your toenails curl: Musk
New Delhi, May 29 - Tesla and SpaceX CEO Elon Musk on Wednesday attacked Microsoft-owned largest professional network LinkedIn, saying this platform is "so cringe it will make your toenails curl", as the billionaire aims to bring job search on his X platform.
Apple’s flagship developer event to unveil new software updates on June 10
New Delhi, May 29 - Apple has announced to organise its flagship Worldwide Developers Conference (WWDC24) from June 10-June 14, including keynote and ‘Platforms State of the Union’.
India’s Digital Skill Hub to go global as ILO inks pact
New Delhi, May 28 - The National Skill Development Corporation (NSDC) under the aegis of the Ministry of Skill Development & Entrepreneurship and the International Labour Organization (ILO) on Tuesday announced a strategic partnership to advance skill development and lifelong learning in India