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IRDAI Slaps INR 5 Cr Fine On Policybazaar For Flouting Norms

India, Aug. 5 -- The Insurance Regulatory and Development Authority of India (IRDAI) has slapped a fine of INR 5 Cr on insurtech major Policybazaar for multiple violations of insurance norms. The pen... Read More


Practo Turns Profitable In FY25, Revives IPO Plans

India, Aug. 5 -- Healthtech soonicorn Practo cofounder and CEO Shashank ND seemed upbeat while announcing the company's results today after its first profitable year in the fiscal year 2024-25 (FY25).... Read More


VinFast Kicks Off India Production, Eyes Local Sourcing From Component Makers

India, Aug. 4 -- Vietnamese electric vehicle (EV) manufacturer VinFast is in talks with multiple component makers to boost local sourcing from India. VinFast's Asia CEO, Pham Sanh Chau, told Reuters ... Read More


Top-Level Exits Continue At Peak XV, CPO Anuj Sahai Joins League

India, Aug. 4 -- Anuj Sahai, the chief product officer at Peak XV Partners, has stepped down after two years at the firm. This comes in continuation of a string of senior exits from India's largest ve... Read More


Delhivery Shares Hit Fresh 52-Week High

India, Aug. 4 -- Shares of Delhivery jumped 6.38% to INR 457.30 apiece on the BSE today, touching a fresh52-week high. Last week, the Delhi NCR-based company reported its financial results for Q1 FY2... Read More


Mitigata Bags $5.9 Mn To Offer Cybersecurity And Insurance Solutions

India, Aug. 4 -- Cyber insurance startup Mitigata has raised $5.9 Mn (around INR 51.6 Cr) in its Series A funding round led by Nexus Venture Partners. The round also saw participation from existing i... Read More


Mitigata Raises $5.9 Mn To Fund Cybersecurity, Insurance Solutions

India, Aug. 4 -- Cyber insurance startup Mitigata has raised $5.9 Mn (around INR 51.6 Cr) in its Series A funding round led by Nexus Venture Partners. The round also saw participation from existing i... Read More


Airtel Launches Cloud Service As Foreign Firms Go Under Lens

India, Aug. 4 -- At a time when Indian businesses are reassessing their reliance on foreign cloud providers, telecom major Bharti Airtel has rolled out its own sovereign cloud platform as part of its ... Read More


Kaynes Plans To Build INR 5K Cr Electronics Component Manufacturing Facility In TN

India, Aug. 4 -- Electronics manufacturer Kaynes Technology India Ltd's subsidiary Kaynes Circuits India is reportedly planning to set up an electronics manufacturing facility in Tamil Nadu's Thoothuk... Read More


Kaynes Plans INR 5K Cr Electronic Parts Facility In TN

India, Aug. 4 -- Electronics manufacturer Kaynes Technology India Ltd's subsidiary Kaynes Circuits India is reportedly planning to set up an electronics manufacturing facility in Tamil Nadu's Thoothuk... Read More