The Delhi High Court has mandated ride-hailing platform Rapido to enhance the accessibility of its app for persons with disabilities (PwD). The court directed Rapido to submit a compliance report and an audit report from an “access auditor” approved by the Department of Empowerment of PwDs by November 28.
Court’s Directive and Petition Details
Judge Sanjeev Narula issued the order while…
BigEndian Semiconductors, a fabless semiconductor design startup, has successfully raised $3 million in a funding round led by Vertex Ventures SEA & India, with contributions from various strategic investors. The funds will be allocated to broadening the company’s engineering team, enhancing research and development capabilities, and scaling operations to meet the rising demand for advanced…
Angel investment platform LetsVenture has unveiled LV Debt, a new marketplace designed to provide tailored debt financing solutions and educational resources for startups. This initiative aims to address the growing need for diverse funding options amidst a slowdown in equity markets.
Comprehensive Debt Financing Solutions
LV Debt will offer a range of debt financing products, including working…
Mankind Pharma Ltd, the fourth-largest pharmaceutical company in India, is gearing up to raise over ₹9,000 crore through a combination of non-convertible debentures (NCDs) and short-term commercial paper. This move is part of the company’s strategy to support its ₹13,630 crore acquisition of Bharat Serums and Vaccines Ltd (BSV), a deal first announced in late July.
The company anticipates an…
Infibeam Avenues has launched the CCAvenue SoundBox Max, a groundbreaking Point of Sale (POS) device designed to revolutionize payment processing for merchants across India. The announcement was made at the Global Fintech Fest (GFF) 2024 in Mumbai, highlighting the company’s commitment to advancing financial technology in the retail sector.
Meeting Diverse Payment Needs
The CCAvenue SoundBox Max…
Yatra Online Ltd has announced the acquisition of Globe All India Services Ltd (Globe Travels) from Ramkrishna Forgings Ltd for ₹128 crore, aiming to enhance its corporate travel services and drive growth. The acquisition, expected to finalize this quarter, will expand Yatra’s corporate client base by 40%, adding 360 new companies to its existing roster of approximately 850.
This strategic…
Indian fintech startup Fampay has unveiled its latest innovation, the Namaspay app, aimed at transforming how foreign travelers make payments while visiting India. This Unified Payment Interface (UPI)-powered application is tailored specifically for tourists from Europe, Africa, Australia, and the United States, offering a streamlined payment experience in a country where digital transactions are…
In a recent post on X (formerly Twitter), Vijay Shekhar Sharma, founder and CEO of Paytm, made an intriguing comparison between ChatGPT and Perplexity AI, likening ChatGPT’s capabilities to discussing Taylor Swift with a grandfather who is more familiar with Bono and Roger Waters. Sharma’s comments reflect his appreciation for the evolving nature of AI, noting that “Perplexity is perpetually…
Bajaj Housing Finance IPO Opens with Price Band of ₹66-70 Per Share; Subscription Starts September 9
Bajaj Housing Finance Limited has announced the price band for its upcoming Initial Public Offering (IPO), set between ₹66 and ₹70 per equity share. The IPO will open for subscription on Monday, September 9, and will close on Wednesday, September 11. The company has scheduled the allocation to anchor investors for Friday, September 6.
The IPO will offer equity shares with a face value of ₹10…
Bain Capital, the global private investment firm, is set to significantly increase its investments in India, aiming to double its exposure over the next three years. Pawan Singh, Partner at Bain Capital Advisors India, revealed that the firm plans to focus on larger investments, often exceeding $500 million, in the rapidly growing Indian market.
Since launching operations in India in 2008, Bain…
