January 24, 2025
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PharmEasy to Relaunch IPO Amid Business Restructuring and Focus on Growth

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PharmEasy, a leading online pharmacy, is preparing to relaunch its initial public offering (IPO) in 2025, two years after withdrawing its previous application. According to the report, the company plans to present its IPO strategy to the board in February, potentially involving a reverse merger with its publicly listed subsidiary, Thyrocare. PharmEasy aims to leverage […]Continue Reading
Auto Business Featured Latest News

Global EV Sales Surge by 25% in 2024, Driven by China and Europe

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Global sales of fully electric and plug-in hybrid vehicles rose by 25.6% year-on-year to over 17 million in 2024, bolstered by a record-breaking December and strong demand in China. December alone saw 1.9 million EVs sold, with China contributing 1.3 million vehicles, reflecting a 36.5% surge. European sales stabilized, with Britain surpassing Germany as the […]Continue Reading
Business Featured Latest News

Gold Import Data Revised Downwards, Trade Deficit Narrows by $5 Billion

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The Directorate General of Commercial Intelligence and Statistics (DGCIS) has revised India’s gold import figures for November 2024 to $9.8 billion, significantly lower than the previously reported $14.8 billion. The $5 billion reduction was attributed to a “calculation error” caused by alleged double counting of gold shipments in warehouses following a Continue Reading
Business Featured Latest News

ED Raids Multiple Locations in Bank Fraud Probe Against Former Kwality Ltd Promoters

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The Enforcement Directorate (ED) conducted searches at multiple locations in Delhi and neighboring areas on Wednesday in connection with an alleged bank loan fraud and money laundering case involving former promoters of the liquidated dairy major Kwality Ltd. Around a dozen premises linked to the company’s ex-directors, promoters, and key associates were raided under Continue Reading
Business Featured Latest News

Streambox Media Launches Dor: A Smart TV Subscription Service to Revolutionize Home Entertainment

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Streambox Media, a two-and-a-half-year-old startup backed by Micromax Informatics and other prominent investors, has launched “Dor,” a subscription-based smart TV service designed to offer a seamless, all-in-one home entertainment solution. Set to debut on Flipkart on December 1, Dor combines a high-quality 4K QLED television with access to over 24 streaming Continue Reading
Business Featured Latest News

Zepto Secures $350M Funding, Becomes India’s Highest-Funded Startup in Three Years

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Quick-commerce giant Zepto has raised $350 million in a landmark funding round, maintaining its $5 billion valuation. The funding, led by Motilal Oswal’s Private Wealth division, included contributions from Indian high-net-worth individuals (HNIs), family offices, and major financial institutions, marking the largest 100% domestically funded round in India’s startup Continue Reading
Business Featured Latest News

CCPA Orders Investigation into Ola Electric Over Service and Product Complaints

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The Central Consumer Protection Authority (CCPA) has directed the Bureau of Indian Standards (BIS) to conduct a thorough investigation into Ola Electric following multiple complaints about deficiencies in its products and services. The move comes after a significant number of grievances were reported by consumers via the National Consumer Helpline (NCH). According to Nidhi Continue Reading
Business Featured Latest News

Reliance Infrastructure to Invest ₹10,000 Crore in Defence Manufacturing Hub in Maharashtra

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Reliance Infrastructure Ltd, led by the Anil Ambani group, has announced a massive ₹10,000 crore investment in Maharashtra over the next decade to establish an integrated facility for producing explosives, ammunition, and small arms. The company has been allocated 1,000 acres in the Watad Industrial Area of Ratnagiri to develop the Dhirubhai Ambani Defence City […]Continue Reading

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