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Upstart

'Vikram-1 will prove our commercial product': Skyroot Aerospace CEO Pawan Kumar Chandana as start-up gears up for lift-off

Skyroot Aerospace has the capacity to build one Vikram-1 a month, says co-founder and CEO Pawan Kumar Chandana.

The spacetech unicorn aims to gather valuable data from its first test flight mission ‘Aagaman’, which it says will be foundational to the startup’s aspirations of establishing launch cadence.

Family offices emerge as India's new startup funding powerhouses as patient capital gains prominence
Why billionaire dropout stories can be misleading for young Indians, says expert
Will Austria’s new visa and funding push attract Indian startup founders?

In a strategic shift, Zepto is also planning to relocate its headquarters from Mumbai to Bengaluru by November

Quick commerce unicorn Zepto raises $340 million in follow-on round, valuation jumps to $5 billion

Byju’s promoters have been accused of creating a communication blockade with investors

Byju’s forms working group with Prosus, Peak XV, and others for asset sale coordination

Zerodha’s Nikhil Kamath launches 'WTF Fund' for entrepreneurs under 22; check details

Zerodha’s Nikhil Kamath launches 'WTF Fund' for entrepreneurs under 22; check details

Oyo in talks with Apollo to refinance $660-mn loan after delayed IPO: Report

Oyo in talks with Apollo to refinance $660-mn loan after delayed IPO: Report

CRED’s total income for FY23 jumps 3.5x to Rs 1,484 crore

CRED’s total income for FY23 jumps 3.5x to Rs 1,484 crore

Preqin report pegs dry powder at $15.6 billion in 2022, up from $11.1 billion at the end of 2021

India-focused PE/VC funds raise record $8.5bn in 2022 despite sharp decline in deals

The oversubscribed fund saw investments from several LPs

Kae Capital closes Rs 410 crore winners fund to back previous portfolio standouts

Kamaths’ Rainmatter and Natco Pharma invests in women hygiene brand

Company says entire amount reinvested in business to scale it

Byju’s promoters rake in over $400 mn in secondary share sale since 2015

The Bengaluru-based company said at the time that the new capital would be used to expand its product

How Mojocare unravelled after $20 million Series A funding round

Corporate

N Chandrasekaran's exit, coming just about a week ahead of its crucial annual general meeting, will undoubtedly put pressure on Tata Trusts chairman Noel Tata

A lot on Noel Tata’s plate: Tata Sons' listing dilemma just got harder

Tata Sons Chairman succession: How will N Chandrasekaran’s successor be selected?

Tata Sons succession: Who controls Tata Group’s holding company and how it operates

Noel Tata’s Tata Group power play: How the trusts, family & next generation shape its future

Holding the Tata Sons board meeting on August 18 is critical

Economy

India currently has 5.3 MMT of strategic oil reserves.

India plans two new strategic oil reserve facilities in Bina and Bikaner

Inflation may cross 6% in October-November: SBI Research warns of temporary spike

Retail inflation rises to 4.45% in July as food prices push up price pressures

Why India is the sixth-largest economy in the world

RBI governor says inflation under control, strengthening bets on rate hold

Policy

Apple gets tax certainty as India proposes extending contract manufacturing tax breaks till 2041

Relief for Apple: India proposes extending tax breaks for contract manufacturing

UPI users may have to wait: India yet to decide on China's Alipay+ integration

Govt eases footwear import norms for R&D, extends compliance relief by 1 year

FinMin notifies expanded class of overseas individual investors for listed equities

'Last night at 8 PM, I signed...': Nitin Gadkari clears 100% ethanol use in vehicles