Ola Electric has received government certification for its flagship electric motorcycle, the Roadster X+, powered by the company’s in-house developed 4680 Bharat Cell battery pack. The approval marks a key milestone for Ola Electric as it becomes the first electric motorcycle in India to be certified with an indigenously developed 4680-format battery cell. In an exchange filing, the company said the Roadster X+ (9.1 kWh) has been approved under the Central Motor Vehicle Rules (CMVR), 1989, by the International Centre for Automotive Technology (iCAT), Manesar. Following the certification, Ola Electric will commence deliveries of the Roadster X+ model. According to…
Author: Adarsh Kumar
CarDekho Group reported a 24% year-on-year rise in consolidated operating revenue to ₹2,795 crore in FY25, up from ₹2,250 crore in the previous fiscal, according to the company’s latest press release. The growth was driven by steady performance across its diversified businesses spanning auto classifieds, fintech, insurance, shared mobility, and international markets. Despite strong topline growth, the group’s consolidated losses narrowed only marginally to ₹266 crore in FY25, compared with ₹276 crore a year earlier, excluding exceptional items and share of losses from associates. The company said losses were primarily due to continued investments and growth-stage losses in its insurance…
Vipin Kapooria, the Chief Financial Officer (CFO) of Blinkit, has resigned from the quick commerce company, according to sources familiar with the matter. Kapooria’s exit comes a little over a year after he joined the firm in September 2024, marking a key leadership change at a time when competition in the quick commerce sector is intensifying. Details regarding his successor remain unclear, with no confirmation yet on whether Blinkit will appoint an internal executive or bring in an external hire to lead its finance function. Kapooria is reportedly likely to rejoin Flipkart, where he previously served as Vice President Business…
Delivery partners working with major app-based platforms including Zomato, Swiggy, Zepto, Blinkit, Amazon, and Flipkart have announced a nationwide strike on December 31, 2025, escalating their protest over wages, safety, and social security in the gig economy. The renewed strike follows a similar all-India protest on December 25 (Christmas Day), during which nearly 40,000 delivery workers participated, disrupting an estimated 50–60% of deliveries across several cities. Worker unions said the upcoming action is intended to intensify pressure on platforms as grievances remain unaddressed. The December 31 strike has been called by the Telangana Gig and Platform Workers Union (TGPWU) in…
SBI Mutual Fund has pared its stake in Nazara Technologies through a bulk deal, selling shares worth approximately ₹108 crore on Monday, according to exchange data. The mutual fund house offloaded 45,09,360 equity shares of the gaming and esports company at an average price of ₹240.18 per share. Prior to the transaction, SBI Mutual Fund held 2.14 crore shares, representing a 5.78% stake in Nazara. Following the sale, its shareholding has reduced to 1.69 crore shares, or 4.55% of the company’s paid-up equity capital. Despite the stake sale, Nazara has reported strong top-line growth in recent quarters. The company’s operating…
The Defence Acquisition Council (DAC) on Monday approved defence procurement proposals worth approximately ₹79,000 crore, providing a significant boost to India’s military modernisation efforts across the Army, Navy, and Air Force. Announcing the decision, Union Defence Minister Rajnath Singh said the DAC accorded Acceptance of Necessity (AoN) for multiple proposals aimed at strengthening India’s defence preparedness. “The decisions taken today will help enhance the operational capabilities of the Armed Forces,” he said, adding that the ministry remains focused on equipping the forces with advanced and mission-critical systems. For the Indian Army, the DAC cleared the acquisition of loitering munitions for…
Rediff.com India has received final approval from the National Payments Corporation of India (NPCI) for its Third-Party Application Provider (TPAP) licence, enabling the company to roll out its digital payments platform, RediffPay. Following the approval, the company has initiated Closed User Group (CUG) testing, a mandatory step before full-scale entry into the Unified Payments Interface (UPI) ecosystem. With this, Rediff formally joins India’s rapidly expanding digital payments landscape. According to the company, RediffPay is being positioned as a financial-wellness-focused UPI app, combining standard UPI functionalities with tools designed to encourage saving, investing, and responsible access to credit. In addition to…
India’s primary market witnessed a record-breaking year in 2025, with 373 IPOs including 103 mainboard and 270 SME listings raising a total of ₹1.95 trillion, marking a 12 fold increase compared to earlier years, according to data analyzed by Pantomath. The surge reflects broader participation beyond mega listings, with mid-sized issuances driving growth. The ₹100–500 crore segment expanded at a 58% CAGR, while the ₹1,000–5,000 crore bracket grew at 68% CAGR between 2020 and 2025. Mega IPOs above ₹5,000 crore accounted for just 8–14% of total volume, highlighting the market’s diversification. Average mainboard IPO sizes increased from ₹1,100 crore in…
Mobile-first credit card startup OneCard (FPL Technologies) continued its growth trajectory in FY25, posting operating revenue of ₹1,878 crore, up 32% from ₹1,425.5 crore in FY24, according to filings with the Registrar of Companies (RoC). The company also reported a 26% reduction in losses, with net losses declining to ₹297.5 crore from ₹401 crore in the previous fiscal year. Founded in 2019, OneCard offers co-branded credit cards targeting firsttime users through partnerships with IDFC First Bank, Federal Bank, and SBM Bank. Its services also include OneScore, an app for credit score tracking and management, which contributed to the company’s revenue…
India’s wealthtech ecosystem witnessed a significant surge in funding over 2024 and 2025, with startups raising $634 million across 51 deals involving 39 firms, reflecting strong investor interest and growing consumer adoption of digital wealth management solutions. Once largely catering to high-net-worth individuals, wealthtech is now increasingly targeting the middle class, driven by rising incomes, digital adoption, and improving financial literacy. Startups such as Neo, Smallcase, Dezerv, Syfe, and Groww emerged as the top beneficiaries, collectively raising $374 million, nearly 59% of the total funding during the period. Mumbai-based Neo led the pack with $112 million across four rounds, followed…