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Goldman Sachs Bullish On CarTrade; Increases Stake To 5.15% Amid Rally

India, May 8 -- Days after reporting profits in the March quarter (Q4) of financial year 2023-24 (FY24), Cartrade got another boost in terms from one of its key investors as Goldman Sachs Asset Manage... Read More


Atomgrid Bags Funding To Boost Specialty Chemicals Export

India, May 8 -- Atomgrid, a company which specialises in manufacturing and sourcing of specialty chemicals, has raised INR 10 Cr (around $1.2 Mn) in a seed funding round led by Merak Ventures. The ro... Read More


IRDAI Imposes INR 1 Cr Penalty On IPO-Bound Go Digit

India, May 8 -- The Insurance Regulatory and Development Authority of India (IRDAI) has imposed a penalty of INR 1 Cr on IPO-bound Go Digit General Insurance for non-disclosure of a change in the conv... Read More


Ahead Of IPO, TBO Tek Raises INR 696 Cr From 47 Anchor Investors

India, May 8 -- Ahead of its public issue, B2B travel portal Travel Boutique Online or TBO Tek has raised INR 696.5 Cr from 47 anchor investors. The startup, whose public issue will open on May 8, has... Read More


Here's Everything You Need To Know About Chemical Mechanical Polishing

India, May 8 -- What Is Chemical Mechanical Polishing? Chemical mechanical polishing (CMP) or chemical mechanical planarization (CMP), is a technique used to smoothen and flatten surfaces at the nano... Read More


LTIMindtree, IBM Join Hands To Build GenAI Centre For India

India, May 8 -- Technology consulting and digital solutions company LTIMindtree has announced collaboration with tech giant IBM to set up a global, joint Generative AI Centre of Excellence (CoE) in In... Read More


Former Tesla Exec-Led DGI Forms JV With EVage To Build Electric Motors In India

India, May 8 -- UK-based electric drivetrain systems manufacturer DG Innovate (DGI) has entered the Indian market via a joint venture (JV) with electric commercial vehicle startup EVage Motors. DGI is... Read More


PB Fintech Stock Goes Through Market Swings After Reporting Profitable Q4 FY24

India, May 8 -- Shares of PB Fintech, the parent company of insurance tech platform Policybazaar declined over 6% to INR 1160.45 a piece on Wednesday (May 8) before climbing back up to the previous cl... Read More


PB Fintech Sees Market Churn After Reporting Profitable Q4 FY24

India, May 8 -- Shares of PB Fintech, the parent company of insurance tech platform Policybazaar declined over 6% to INR 1160.45 a piece on Wednesday (May 8) before climbing back up to the previous cl... Read More


Myelin Foundry Looks To Capitalise On Edge AI Boom With SIDBI Backing

India, May 8 -- Bengaluru-based deeptech startup Myelin Foundry has raised $4 Mn in an equity round led by SIDBI Venture Capital. Existing investors like Endiya Partners, Pratithi Investment Trust, an... Read More