Navigating the Rollercoaster: A Deep Dive into the Highs and Lows of New-Age Tech Stocks in a Record-Breaking Market Week Introduction: In the dynamic landscape of new-age tech stocks, the past week has proven to be a rollercoaster ride, with Paytm emerging as the biggest loser. This turn of events has sparked discussions and raised … Read more
RBI’s Boosts UPI Transaction Limits for Healthcare and Education while Unveiling Innovations for Financial Security and Fintech Growth.” Introduction: In a significant move aimed at facilitating smoother financial transactions in key sectors, the Reserve Bank of India (RBI) has decided to increase the transaction limit for Unified Payments Interface (UPI) payments. RBI Governor Shaktikanta Das … Read more
Edtech giant Toprankers has made significant strides in expanding its footprint in the legal education sector with the recent acquisition of Gurugram-based test preparation platform, Chinar Law Institute (CLI). This strategic move, facilitated by Toprankers-owned Judiciary Gold, marks the company’s third acquisition in 2023, following the successful integration of ProBano and The Lex Guru. The … Read more
Elevation Capital’s Executes Strategic Share Sale of Tracxn, Raking in INR 15 Crores In a strategic move, venture capital firm Elevation Capital has successfully divested a portion of its holdings in the market intelligence platform, Tracxn. The sale, conducted through two block deals, saw Elevation Capital offload over 15.66 lakh shares, resulting in a substantial … Read more
In a apple strategic shift to reduce dependence on China, global smartphone giant Apple is set to scale up iPhone production in India, aiming to manufacture over 50 million units annually within the next two to three years. This bold move is part of Apple’s broader strategy to diversify its supply chain and tap into … Read more
Zerodha Achieves Remarkable Revenue Growth, Making INR 2.3 for Every Rupee Spent in FY23 Zerodha, the pioneering stockbroking platform led by Nithin and Nikhil Kamath, experienced a remarkable financial year 2022-23 (FY23), showcasing a substantial 37% increase in net profit, surging from INR 2,120.3 Cr in the previous fiscal year to INR 2,908.9 Cr. This … Read more
Tata Motors has taken a firm stance against the proposed reduction in import taxes on electric vehicles (EVs) in India, as the government considers welcoming Tesla into the market. Reports indicate that Tata Motors has actively communicated its opposition to lowering the existing 100% import taxes during discussions with various government entities, including Prime Minister … Read more
SoftBank’s SVF Growth Fund is set to divest a 1.1% stake in Zomato, a leading player in the Indian foodtech industry. The strategic move, scheduled for Friday, October 20, aims to generate a substantial sum of at least INR 1,023.6 Cr ($123 Mn), as reported by CNBC-TV18. According to sources, SoftBank’s SVF Growth Fund, based … Read more
Sarvam AI Emerges from Stealth Mode with $41 Million Funding in Just Five Months Indian startup Sarvam AI, founded only five months ago, has raised an impressive $41 million in funding as it accelerates its efforts to develop a comprehensive suite of generative AI solutions. The funding, secured across Seed and Series A financing rounds, … Read more
Introduction: The Indian’s gaming Sector is on a remarkable growth trajectory, with Lumikai, a gaming and interactive media-focused venture fund, revealing in its latest report that it’s poised to reach a staggering $7.5 billion in revenue by FY28. In this State of India Gaming Report, crafted in collaboration with Google, we’ll dive into the latest … Read more