Categories

All News India Business Stock market Politics Sports Technology Startups Entertainment Hatke International Automobile Science Travel Miscellaneous
Source: inc42

IPO-Bound Cult.fit’s Rishabh Telang Denies Forgery Allegations By Deepak Poduval

Business

"Deepak Poduval, cofounder of Cult Fitness Pvt Ltd, has filed an FIR against cofounder Rishabh Telang, alleging forgery and cheating over a 2016 asset and IP transfer to Cultfit Healthcare. Telang denies the claims, asserting Poduval was involved and compensated. Cult.fit, which recently filed its DRHP for a planned ₹4,000 crore IPO, stated it is not an accused party and the transaction followed valid contractual arrangements.".

Read Full Story
Next Story
Source: inc42

Flipkart Minutes Enters Premium Grocery Segment With Pykd

Business

"Flipkart Minutes, the quick commerce arm of Walmart-owned Flipkart, is launching 'Pykd', a private label brand focusing on premium grocery and specialty food products. Starting with a pilot in Bengaluru, Pykd will offer items like gourmet coffee, cheese, and kombucha. This move targets affluent consumers and competes with rivals like Blinkit and Zepto. Flipkart is also expanding its micro-fulfilment network to 1,500 centres across 180 cities.".

Read Full Story
Next Story
Source: inc42

Ather Jumps 17% To Lead Weekly Rally In New-Age Tech Stocks, MapmyIndia Biggest Loser

Business

New-age tech stocks saw a positive week, with 37 of 59 listed companies gaining. Ather Energy led the surge, rising 17.45% following strong Q1 FY27 results and its first EBITDA-positive quarter. Conversely, MapmyIndia fell 14.17% after muted earnings and a brokerage downgrade. The period also featured Klassroom's market debut and LEAP India's IPO, while sustained FII and DII buying bolstered the broader Indian equity markets.

Read Full Story
Next Story
Source: inc42

Delhivery Q1 Profit Sinks 65% YoY To ₹32 Cr Despite A 28% Uptick In Revenue

Business

Delhivery reported a 65% year-on-year slump in consolidated net profit for the June quarter of FY27, falling to ₹31.9 crore from ₹91.1 crore. Sequentially, profit dropped 56% to ₹31.9 crore. Despite this, operating revenue grew 28% year-on-year to ₹2,930.7 crore, though it dipped 3% sequentially. Total income reached ₹3,044.8 crore, while total expenditure rose 29% year-on-year to ₹3,011.6 crore during the quarter.

Read Full Story
Next Story
Source: inc42

Payments Council Rules Out Consumer MDR; PhonePe & Razorpay Back Free UPI

Business

The Payments Council of India (PCI) has clarified that UPI payments will remain free for consumers amid growing speculation over.

Read Full Story
Next Story
Source: inc42

Centre Seeks Technical Changes From Meta To Tackle Deepfakes, Child Abuse Material

Business

"The Indian government has entered technical discussions with Meta to address concerns regarding deepfakes, child sexual abuse material, and unlabelled AI-generated content. Officials are demanding stricter content moderation, enhanced human oversight in local languages, and better compliance with Indian laws. These talks follow a controversy involving a restricted video of Prime Minister Modi. Meta has proposed solutions, and the government will regularly review the company's progress.".

Read Full Story
Next Story
Source: inc42

Swiggy, Zomato, Zepto May Face EV Mandate, 2% Welfare Levy In Maharashtra

Business

Maharashtra plans to integrate food delivery, quick commerce, and ecommerce platforms into its proposed bike-taxi rules. The amendments would mandate EV usage, GPS tracking, and insurance, while introducing a 2% rider welfare levy to fund driver benefits. This move could increase compliance costs for companies like Swiggy and Zomato. The proposal, currently under review, reflects a broader trend of state-level regulations for gig workers across India.

Read Full Story
Next Story
Source: inc42

From River Mobility To BlissClub — Indian Startups Raised $274 Mn This Week

Business

Indian startup funding picked pace in the first week of August, with 22 startups cumulatively raising $274.4 Mn. This marks.

Read Full Story
Next Story
Source: inc42

Hero MotoCorp To Debut Maiden Electric Motorcycle Next Year

Business

Hero MotoCorp plans to launch two electric motorcycles next year, marking its first entry into the e-bike segment. The lineup includes an urban mobility model and a high-performance adventure bike developed with Zero Motorcycles. These launches precede Delhi's proposed 2028 ban on internal combustion engine two-wheelers. This move aims to increase competition and attract more riders to the growing Indian electric vehicle market, projected to reach $132 billion by 2030. (74 words) -.

Read Full Story
Next Story
Source: inc42

Knya FY26: Revenue Crosses ₹100 Cr Mark, PAT Jumps 3X YoY

Business

Medical apparel brand Knya reported strong FY26 growth, with revenue rising 83% to ₹110 Cr and profit after tax tripling to ₹10 Cr. The omnichannel startup currently operates over 30 stores and serves 1,000 hospitals. Knya aims for ₹205 Cr revenue in FY27 and plans to expand its retail footprint to 100 outlets by FY28, targeting a ₹1,000 Cr business and a public listing within five years.

Read Full Story
Next Story
Source: inc42

After Boycott Calls, Swiggy To Refund Alleged Unauthorised Charges To Restaurants

Business

Over 250 Bengaluru restaurants threatened to delist from Swiggy and Zomato over high commissions and arbitrary charges. Following negotiations with industry bodies, Swiggy agreed to refund unauthorized promotional charges, extending the delisting deadline to September 1. Zomato also secured a reprieve to address similar grievances. This standoff occurs as new competitors, including Rapido’s zero-commission app Ownly and Flipkart, enter the food delivery market in Bengaluru.

Read Full Story
Next Story
Source: inc42

Inside Nykaa’s Inventory Model: Where The Margin Comes From

Business

Nykaa distinguishes itself through an inventory-led model, buying stock outright to control quality and pricing, which yields higher margins than typical marketplaces. In Q1 FY27, the company reported ₹2,791.3 crore in revenue and a 45.9% gross margin. While its beauty segment funds growth, Nykaa is expanding into physical stores, a fashion marketplace, and its own private labels to diversify revenue and increase profitability.

Read Full Story
Next Story
Source: inc42

Meet The 14 D2C Brands From The Inaugural D2CX Runway Cohort

Business

Inc42 and Rukam Capital have launched the inaugural D2CX Runway accelerator, selecting 14 D2C brands across sectors like fashion, food, and automotive. The seven-week programme provided mentorship and bootcamps to help startups navigate scaling challenges and omnichannel growth. The initiative concluded with a Demo Day on August 7, 2026, where founders pitched to leading investors, supporting the evolution of India's D2C market toward a projected $310 billion valuation.

Read Full Story
Next Story
Source: inc42

SEBI Clears IPOs Of Rediff, PlaySimple

Business

"SEBI has approved the initial public offerings of Rediff, a subsidiary of AvenuesAI, and mobile game developer PlaySimple. Rediff plans to raise between ₹600 crore and ₹800 crore, while PlaySimple's offering will be an offer for sale worth ₹3,150 crore. These approvals join a growing IPO pipeline including Zetwerk and Garuda Aerospace, although quick-commerce firm Zepto has paused its plans to pursue a pre-IPO fundraise.".

Read Full Story
Next Story
Source: inc42

How STCH Is Modernising Apparel Manufacturing With AI & Factory OS

Business

India’s D2C fashion ecosystem has become exceptionally good at spotting trends. Brands today use AI to generate hundreds of new.

Read Full Story
Next Story
Source: inc42

Ola Electric Q1: Loss Narrows 22% YoY To ₹336 Cr, Revenue Plunges 45%

Business

Ola Electric reduced its Q1 FY27 net loss by 22% year-on-year to ₹336 crore, despite a 45% annual revenue decline to ₹455 crore. The company saw a 72% sequential revenue increase and grew its market share to 8.4%. Focused on achieving operating breakeven, Ola Electric is cutting costs and expanding its dealer-led distribution network into non-metro markets to deepen its presence and drive future growth.

Read Full Story
Next Story
Source: inc42

LEAP India IPO: Issue Subscribed 24% On Day 1 Till Now

Business

Logistics tech provider LEAP India’s IPO saw a 24% subscription on its first day, with employees and qualified institutional buyers showing the most interest. The company, valued at ₹7,004.5 crore, aims to list on the NSE and BSE on August 14. LEAP India reported significant growth in FY26, with net profit rising 66% to ₹62.3 crore, as it expands its supply chain solutions for diverse industrial clients.

Read Full Story
Next Story
Source: inc42

New Tax Laws Amendment Bill Clears Path For Simpler Data Centre Incentive Regime

Business

The Lok Sabha passed the Taxation and Other Laws (Amendment) Bill, 2026, simplifying tax incentives for foreign cloud companies to boost India's AI and data centre infrastructure. By removing separate government approval requirements and allowing leased facilities, the Bill reduces administrative hurdles and improves tax certainty. While industry leaders welcome the move, experts emphasize that power availability and infrastructure readiness remain critical for driving long-term global investments.

Read Full Story
Next Story
Source: inc42

ixigo Crashes 13% Despite Strong Q1, JM Financial Cuts Target Price

Business

ixigo shares dropped over 12% following Q1 FY27 earnings, despite an 81% surge in net profit to ₹34.2 crore and a 13% revenue increase. Investors and JM Financial expressed concerns over near-term margin pressure resulting from aggressive investments in AI, hotels, and strategic acquisitions like Brevistay. Consequently, JM Financial lowered its target price to ₹200, citing higher spending on growth initiatives that may delay margin expansion.

Read Full Story
Next Story
Source: inc42

Exclusive: Peak XV’s Vice President Kriti Gupta To Leave VC Firm After Five Years

Business

Peak XV Partners Vice President Kriti Gupta is set to leave the VC firm after five years by mutual agreement, planning to take time off. Her departure is part of an ongoing leadership reshuffle at Peak XV, which has seen multiple senior executives exit over the past two years. Gupta focused.

Read Full Story
Next Story