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Cabinet Clears Bill To Raise FDI In Insurance To 100%

India, Dec. 12 -- The Union cabinet today approved an amendment Bill to raise the foreign direct investment (FDI) limit in insurance companies to 100% from 74%. The move is part of a larger push to re... Read More


Yu Foods FY25: Revenue More Than Doubles To INR 35.1 Cr

India, Dec. 12 -- D2C instant food brand Yu Foods' operating revenue more than doubled to INR 35.1 Cr in FY25 from INR 15.7 Cr in the year-ago period on the back of growing demand for its products. I... Read More


DPIIT Proposes Hybrid Licencing For AI Training

India, Dec. 9 -- In its working paper on GenAI and copyright, the Department for Promotion of Industry and Internal Trade (DPIIT) has proposed not allowing AI companies to train their models on copyri... Read More


Swiggy Opens QIP, Sets Floor Price At INR 390.51 Per Share

India, Dec. 9 -- A day after receiving shareholder nod, consumer services major Swiggy has opened its INR 10,000 Cr ($1.2 Bn) qualified institutional placement (QIP) for subscription. The floor price ... Read More


Exclusive: Kunal Shah-Backed GenWise Shuts Down Operations

India, Dec. 9 -- Z47-backed GenWise, the lifestyle app built for India's senior citizens, has shut down its operations. The startup, which had a team of around 20 employees, has laid off most of its ... Read More


PhysicsWallah Back In The Black, Posts INR 70 Cr PAT In Q2 FY26

India, Dec. 8 -- Listed edtech major PhysicsWallah's net profit for Q2 FY26 zoomed 69% to INR 69.7 Cr from INR 41.1 Cr in the same quarter previous year. Sequentially, the company rebounded from the ... Read More


PhysicsWallah Back In The Black, Post INR 85 Cr In Q2 FY26

India, Dec. 8 -- Listed edtech major PhysicsWallah's net profit for Q2 FY26 increased 5% to INR 89.1 Cr from INR 84.8 Cr in the same quarter previous year. Sequentially, the company rebounded from th... Read More


Virat Kohli To Sell One8 to Agilitas, Invests INR 40 Cr

India, Dec. 8 -- Indian cricketer Virat Kohli is set to sell his lifestyle brand, One8, to sportswear startup Agilitas. Alongside the sale, Kohli is also doubling down on the startup with an additiona... Read More


Snapdeal Parent AceVector Trims H1 FY26 Loss By 80% To INR 22.5 Cr

India, Dec. 6 -- Snapdeal parent AceVector Group's consolidated net loss in the first half of FY26 (H1 FY26) declined 80% to INR 22.5 Cr from INR 110.4 Cr in the same period last year. Its operating ... Read More


OneCard Under RBI Scanner; New Card Issuance Suspended Across Banks

India, Dec. 6 -- In what is a major setback for fintech unicorn OneCard, the Reserve Bank of India (RBI) has reportedly asked all its partner banks to stop issuing co-branded credit cards with the sta... Read More