Bengaluru-based VC firm 3one4 Capital raises Rs 1,600 cr in new fund

Bengaluru (IANS) Bengaluru-based early stage venture capital firm, 3one4 Capital on Monday said it has closed its fourth early-stage fund (sixth fund overall) at $200 million (about Rs 1,600 crore).
The fund was vastly oversubscribed within a…

No FEMA violations found so far after ED searches at BYJU'S

New Delhi (IANS) The initial investigation after the recent searches at BYJU'S have so far found no Foreign Exchange Management Act (FEMA) violations by the edtech firm, according to sources.

Sources indicated that the recent searches conducted…

Go Airlines to evaluate legal options to attach Pratt & Whitney India assets: CEO

Chennai (IANS) The Wadia group's low cost airline Go Airlines (India) Limited will look at all legal options, including that of freezing/attaching the Indian assets of the US-based aircraft engine maker Pratt & Whitney, said a top airline official.

Wireless audio solution provider 'Audio Pro' enters Indian market

New Delhi (IANS) Sweden-based wireless audio solution provider Audio Pro has announced its entry into the Indian market and said that it aims to provide outstanding quality products within the audio segment to music enthusiasts in the country.

Air India to get ready for pilots from Go Airlines

Chennai (IANS) For the pilots of Go Airlines (India) Ltd, it seems their employer is a "no go airline" and the race is on as to who will board the Air India.

Incidentally, Go Airlines' brand is Go First and for the pilots it seems to "get…

Insolvency petition a ruse for loan write-offs? Major bank union to oppose Go Airlines' write-offs

Chennai (IANS) The All India Bank Employees' Association (AIBEA) will oppose banks writing off a part of their loans to Wadia group's Go Airlines (India) Ltd if the latter has filed a voluntary insolvency petition for that purpose, said a…

Apple set quarterly record in India, country at a tipping point: Tim Cook

New Delhi (IANS) Apple set a quarterly record in the January-March period in India and grew very strong, in double digits year-over-year, said Tim Cook, the company's CEO who was in India last month to open the first branded retail stores in Mumbai…

Paytm logs Rs 7,990 cr revenue in FY23, becomes India's highest earning new-age firm

New Delhi (IANS) Leading payments and financial services company Paytm on Friday announced an impressive growth in its fourth quarter of FY23, ending the financial year on a high note.

In Q4 FY23, the company's revenue surged by 51 per…

India's foreign exchange reserves rise to $588.78 billion

New Delhi (IANS) India's foreign exchange reserves increased marginally by $4.53 billion to $588.78 billion during the week ending April 28, according to Reserve Bank of India data released on Friday.

As per the data, India's foreign…

India to become 50% non-cash economy in consumption in 3 years

New Delhi (IANS) India is expected to become a 50 per cent non-cash economy in consumption in the next three years, with person-to-merchant digital transactions reaching over $1.5 trillion by FY26, a report showed on Thursday.

India's household…