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NewsEternal, the parent company of Zomato and Blinkit, plans to cap foreign ownership at 49.5% on a fully diluted basis, pending shareholder approval. This strategic move aims to maintain domestic control while allowing for a buffer above the current 44.36% foreign shareholding, which has decreased recently. Domestic shareholders have increased their stake to 23.56%, reflecting a shift towards greater local influence in the company's governance.
India is set to launch a scheme for electronics components manufacturing, with guidelines nearly finalized and an application portal opening soon, according to Union IT Minister Ashwini Vaishnaw. The initiative aims to boost local production of various components, including printed circuit boards and camera modules, with aspirations for complete camera manufacturing in India.
Goldman Sachs and UBS forecast a continued rise in gold prices, driven by market turbulence from the US-China trade war and increased central bank purchases. Gold reached a record high of $3,245 an ounce, with Goldman predicting it could hit $3,700 by year-end, while UBS estimates a peak of $3,500. The dollar's depreciation is further fueling demand for gold as a safe investment.
Peppermint Robotics has successfully raised INR 34 crore in its Series A funding round. The company emphasizes its commitment to ethical reporting and transparency, assuring readers that potential conflicts of interest will not compromise the integrity of its coverage.
BluSmart has suspended its operations at Delhi airport amid scrutiny from the Securities and Exchange Board of India (Sebi) regarding its promoters. The company emphasizes its commitment to ethical reporting and transparency, assuring readers of its impartiality despite potential conflicts of interest.
Commerce Minister Goyal met with executives from Starlink to discuss the company's future investment plans in India. Starlink's application for a satellite communication license is nearing approval. Recently, Bharti Airtel and Reliance Jio partnered with SpaceX to provide Starlink's broadband services in the country.
Garuda Aerospace has successfully raised INR 100 crore in a Series B funding round led by Venture Catalysts, aiming for global expansion. The company is committed to maintaining high ethical standards in its reporting and ensuring transparency regarding potential conflicts of interest.
Vijay Shekhar Sharma has decided to forgo stock options worth 2.1 crore from Paytm following a notice from Sebi. This decision underscores the ongoing scrutiny faced by executives in the financial sector, highlighting the importance of compliance with regulatory standards.
Garuda Aerospace has successfully raised $11 million in a Series B funding round. The company continues to emphasize its commitment to ethical reporting and transparency, assuring readers that potential conflicts of interest will not compromise the integrity of its coverage.
Paytm CEO Vijay Shekhar Sharma has surrendered 2.1 crore ESOPs, reflecting a significant move in the company's leadership and equity structure. The company emphasizes its commitment to ethical reporting and transparency, assuring readers of its impartiality despite potential conflicts of interest.
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Zomato owner limits foreign ownership to 49.5 percent for strategic control
04:10 19.04.2025
India launches electronics components scheme to boost export potential
04:01 19.04.2025
gold price surges as central banks increase purchases amid market turbulence
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02:00 19.04.2025
Peppermint Robotics secures 34 crore INR in Series A funding round
02:16 17.04.2025
BluSmart suspends operations at Delhi airport amid regulatory scrutiny on promoters
00:39 17.04.2025
commerce minister discusses starlink's investment plans and licensing in india
00:21 17.04.2025
Garuda Aerospace raises 100 crore in Series B funding for global growth
18:59 16.04.2025
Vijay Shekhar Sharma relinquishes 2.1 crore Paytm stock options after notice
17:14 16.04.2025
Garuda Aerospace secures 11 million dollars in series B funding round
16:58 16.04.2025
Paytm CEO Vijay Shekhar Sharma surrenders 2.1 crore ESOPs
16:33 16.04.2025
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