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NPCI Defers UPI MDR Implementation Till Post Diwali

India, Oct. 13 -- The National Payments Corporation of India (NPCI) has deferred the introduction of merchant discount rate (MDR) on select UPI person-to-merchant (P2M) transactions until immediately ... Read More


[Update] Alpha Wave Ventures Sells Lenskart Shares Worth Rs.1,705 Cr

India, Oct. 12 -- Update | October 12, 20:00 IST Lenskart early backer Alpha Wave Ventures has sold 2.64 Cr shares in a bulk deal valuing the stock at Rs.645.31 apiece. The investor raked in Rs.1,704... Read More


Lenskart Shares Slump 5% Amid Bulk Deal Buzz

India, Oct. 12 -- Shares of Lenskart Solutions fell as much as 5% during intraday trade to hit a low of Rs.643.80 on the BSE today as a proposed stake sale by early investor Alpha Wave Ventures weighe... Read More


BYJU'S Parent To Hold 32% Stake In Aakash After Settlement: Report

India, Oct. 12 -- Think & Learn Pvt Ltd (TLPL), the insolvent parent of BYJU's, is set to hold around 32% in Aakash Educational Services once a settlement resolving its long-running shareholding dispu... Read More


From DailyObjects To StockGro - Indian Startups Raised About $123 Mn This Week

India, Oct. 10 -- Indian startup funding fell 47.4% in the first week of October, with 25 startups raising $122.9 Mn between October 5 and October 9. Startups raised $233.6 Mn raised across 16 deals l... Read More


OpenAI, Anthropic Prepare For Backlash Over Potential AI Catastrophe: Report

India, Oct. 10 -- OpenAI, Anthropic, and other AI companies are reportedly preparing for the public and political backlash that could follow a catastrophic AI incident disrupting critical infrastructu... Read More


Amazon Layoffs: At Least 100 Employees In India Hit By Latest Global Job Cuts

India, Oct. 9 -- Ecommerce giant Amazon has reportedly laid off at least 100 employees in India as part of its latest global job cuts. Citing sources, ET reported that the affected employees in India... Read More


IRDAI Mulls Introducing Insurance Commission Caps From January 2027

India, Oct. 9 -- The Insurance Regulatory and Development Authority of India (IRDAI) may introduce its proposed insurance commission caps as early as January 2027, amid opposition from brokers over po... Read More


Menswear Brand KISAH Nets Rs.35.9 Cr To Scale Retail Footprint

India, Oct. 9 -- Omnichannel menswear brand KISAH has raised Rs.35.9 Cr (about $3.7 Mn) in a Series A funding round led by Fireside Ventures at a post-money valuation of around Rs.211 Cr (about $22 Mn... Read More


UPI MDR Rollout May Be Deferred To January 2027 Amid Pushback By Retailers

India, Oct. 8 -- The introduction of a merchant discount rate (MDR) on select UPI transactions may be deferred from October 15 to January 1, 2027, amid pushback from retail traders' associations. A p... Read More