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Rapido Bags Karnataka Cab Aggregator Licence Till 2031

India, Aug. 14 -- Mobility unicorn Rapido has secured the cab aggregator licence from the Karnataka State Transport Authority. Granted under the Karnataka On-Demand Transportation Technology Aggregat... Read More


Bank Of America To Buy 49.9% Stake In Jio Financial Services' NBFC Arm For $1.9 Bn

India, Aug. 12 -- Bank of America's wholly-owned subsidiary NB Holdings Corporation has signed a definitive joint venture (JV) agreement with Jio Financial Services (JFS) to invest up to Rs.18,268.2 C... Read More


DevX Q1 Profit Jumps To Rs.1.5 Cr Despite A 3.3% YoY Dip In Revenue

India, Aug. 12 -- Office space provider DevX (Dev Accelerator) reported a consolidated net profit of Rs.1.50 Cr in Q1 FY27, more than 10X of the Rs.14 Lakh profit it registered in the year-ago period.... Read More


Zepto Faces Fresh Regulatory Heat As Bengaluru Warehouse Sealed Over Food Safety Violations

India, Aug. 11 -- Adding to the ongoing regulatory scrutiny, the Food Safety Division of Karnataka's Food Safety and Drug Administration Department has sealed a major Zepto warehouse in Bengaluru's Ho... Read More


Table Space's FY26 Loss Shrinks 74%, Revenue Crosses Rs.2,200 Cr

India, Aug. 11 -- Managed office space provider Table Space managed to trim its net loss for the fiscal year FY26 by 74% to Rs.403.4 Cr from Rs.1,554.1 Cr in the previous fiscal year. Operating reven... Read More


Zostel Withdraws Delhi HC Plea Seeking SEBI Review Of OYO's IPO Disclosures

India, Aug. 10 -- Budget hostel chain Zostel has withdrawn its plea seeking directions from the Delhi High Court (HC) to the Securities and Exchange Board of India (SEBI) to examine disclosures made b... Read More


IPO-Bound Cult.fit's Rishabh Telang Denies Forgery Allegations By Deepak Poduval

India, Aug. 8 -- Deepak Poduval, cofounder of Cult Fitness Pvt Ltd, has filed an FIR against his cofounder and brother-in-law Rishabh Telang at Bengaluru's Bellandur Police Station, alleging forgery, ... Read More


After Boycott Calls, Swiggy To Refund Alleged Unauthorised Charges To Restaurants

India, Aug. 7 -- After restaurateurs threatened to boycott Swiggy, the foodtech giant has reportedly agreed to refund promotional charges, which were allegedly levied on restaurant partners without pr... Read More


SEBI Clears IPOs Of Rediff, PlaySimple

India, Aug. 7 -- Markets regulator SEBI has given its go-ahead to the initial public offerings (IPOs) of AvenuesAI's (formerly Infibeam Avenues) subsidiary Rediff and mobile game developer PlaySimple.... Read More


Gains From Unexercised ESOP Buybacks Taxable As Capital Gains: ITAT

India, Aug. 6 -- The Income Tax Appellate Tribunal (ITAT) has ruled that gains arising from the repurchase of vested, unexercised employee stock options (ESOPs) are taxable under the long-term capital... Read More