Inc42 Epaper, News, Inc42 English Newspaper | Dailyhunt
English News >> Inc42

Inc42 News

  • Home

    CarTrade IPO Subscription Window To Open On August 9

    CarTrade is making a pure offer for sale (OFS) for 1,23,54,811 equity shares of the company Startup founder Vinay Sanghi to remain managing director of CarTrade for next five years SEBI has approved CarTrade request to raise INR 2,000 Cr through IPO Mumbai-based online automobile marketplace CarTrade's initial public offering will open on August 9 this year, with the subscription...

    • 5 hrs ago
  • News

    Flipkart, Amazon India Could Face Government Probe Over Trader Complaints

    The government is working on responding to multiple complaints from traders, retailer against ecommerce companies, a minister told Rajya Sabha At present Flipkart and Amazon are facing CCI probe for heavy discounts, predatory pricing and others The central government could compound their problems and direct relevant authorities to launch more investigations In the ongoing...

    • 5 hrs ago
  • News

    Fino Payments Bank To Raise INR 1,300 Cr Through IPO

    The IPO will include issuance of fresh shares worth INR 300 Cr along with an offer for sale of existing shares Fino Payments Bank posted a net profit of INR 20.4 Cr during FY21 after ending FY20 with a loss Compared to FY20, the bank's total deposits have grown nearly 2x in 2021 to INR 125 Cr from INR 69 Cr Mumbai-based Fino Payments Bank has filed its draft red herring prospectus (DRHP)...

    • 6 hrs ago
  • Home

    Gainbitcoin Scam Victims Want Alleged Mastermind Amit Bhardwaj's Bail Revoked

    All the accused in GainBitcoin scam have been granted bail by various courts across the country The Enforcement Directorate is yet to submit its report to the Supreme Court Bhardwaj has fulfilled the bail criteria, deposited the required money as directed by the Supreme Court, claimed his lawyer In response to multiple applications seeking the cancellation of bail to...

    • 8 hrs ago
  • Home

    Indian Government Launches WhatsApp Rival 'Sandes' Amid Pegasus Row

    Sandes is seen as a homegrown alternative to WhatsApp, which is embroiled in the Pegasus controversy and lawsuits against the Indian government Launched in August last year, Sandes was originally restricted for use by government employees and linked agencies The app can now be used by all individuals for instant messaging and has features similar to WhatsApp or other chat apps ...

    • 9 hrs ago
  • News

    Indian Government Turns To Blockchain To Ease Startup Compliance Hurdles

    Government agencies will be able to access, authenticate or approve documents and data related to startup compliances through the blockchain framework The framework will allow agencies instant access to documents for verification in tax processes and more Earlier this year, the government was reported to be forming a panel to formulate a roadmap for regulations and use of...

    • 11 hrs ago
  • News

    Startups Get Compliance, Credit Boosts From Amendments To Factoring, LLP Acts

    As part of the Limited Liability Partnership (Amendment) Act, 2021, 12 offences will be decriminalised The LLP amendments will provide a level-playing field for startups looking to register as LLPs in India The Factoring amendment can boost credit availability for MSMEs and increase the number of NBFCs offering factoring service to 9,500 from just seven currently This...

    • 11 hrs ago
  • Home

    B2B Marketplace OfBusiness Enters Unicorn Club

    SoftBank infused $150 Mn while Falcon Edge and Matrix Partners invested the rest Startup will utilise fresh capital for acquisitions and make investments in supply chain OfBusiness becomes 17th unicorn in 2021 and third in July B2B commerce marketplace - OfBusiness - is the new entrant to the celebrated unicorn club of the Indian startup ecosystem. The Gurugram-based startup received fresh funding...

    • 13 hrs ago
  • Home

    Mastercard Submits New Report To RBI Seeking Overturn Of Ban

    The RBI imposed the ban after deciding a "system audit report" submitted by Mastercard's auditor Deloitte in April was unsatisfactory Mastercard was banned from issuing new cards on July 14 (effective from July 22) citing non-compliance with the storage of payments data Payment system providers are required to submit the System Audit Report (SAR) after complying with...

    • 13 hrs ago
  • News

    Funding Galore: From Gupshup To Droom - Over $1.16 Bn Raised By Indian Startups This Week

    Gupshup topped up its Series F round from April ahead of an IPO More than 50 deals recorded this week with ecommerce startups leading the way Droom and OfBusiness entered the unicorn club with their respective mega rounds this week Infocus This week, automobiles marketplace Droom and enterprise tech startup OfBusiness entered the unicorn club.Read all the...

    • 13 hrs ago

Loading...

Top