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After US Import Ban, Ultrahuman Plans Redesigned Smart Ring

India, Sept. 8 -- Days after the US International Trade Commission (ITC) ruling imposed an import ban on its smart rings, wearables and fitness company Ultrahuman is now recalibrating its US hardware ... Read More


PhysicsWallah Files Updated DRHP For INR 3,820 Cr IPO

India, Sept. 7 -- Edtech unicorn PhysicsWallah has filed its updated draft red herring prospectus with SEBI to raise INR 3,820 Cr through its initial public offering (IPO). The IPO will include a fre... Read More


Turtlemint Confidentially Files IPO Papers With SEBI

India, Sept. 6 -- Insurtech startup Turtlemint has confidentially filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). ". The company has filed the pr... Read More


Ola Electric's Auditor Flags Inventory Control Lapses, Employee Fraud In FY25

India, Sept. 5 -- In Ola Electric's FY25 annual report, its statutory auditors flagged 'material weakness' for in-physical verification of scooters at its stores and state distribution centres for one... Read More


Tiger Global Offloads IPO-Bound Urban Company's Shares Worth INR 330 Cr

India, Sept. 5 -- Tiger Global offloaded Urban Company's shares worth INR 329.7 Cr via secondary transactions earlier this week, marking one of the largest pre-IPO stake sales this year. As per an ad... Read More


Exclusive: Gupshup Lays Off 100+ Employees In Cost-Cutting Exercise

India, Sept. 4 -- Conversational AI company Gupshup has carried out another round of layoffs, this time letting go of at least 100 employees, including junior developers, as per sources. The move come... Read More


Zomato, Swiggy Deliveries To Get Costlier With New 18% GST

India, Sept. 4 -- India's food delivery and quick commerce companies are staring at higher costs after the GST Council decided to impose an 18% tax on delivery fees under the new Goods and Services Ta... Read More


SoftBank Offloads 2.15% Stake In Ola Electric

India, Sept. 4 -- Japanese investor SoftBank has decreased its holding in Ola Electric by selling 9.4 Cr equity shares, amounting to 2.15% of the company's total share capital, via a series of open ma... Read More


IPO-Bound DevX Sees Profit Surge 3.9X In FY25

India, Sept. 3 -- IPO-bound coworking space provider Dev Accelerator (DevX) reported its net profit rising 286% to INR 1.7 Cr in the year ended March 2025 (FY25) from INR 44 Lakh in FY24. The company... Read More


India's Semiconductor Moment Is Here, But Is This Just About Optics?

India, Sept. 3 -- With the launch of ISRO's Vikram 32-bit processor this week at the Semicon India 2025 event, India now has its first indigenous space-grade computer chip for rockets. Designed to wi... Read More