The Union government has projected a net revenue loss of nearly ₹47,000 crore from the ongoing Goods and Services Tax (GST) rate rationalisation exercise, the Finance Ministry informed the Lok Sabha on Monday. The disclosure comes amid continued deliberations to simplify the GST slab structure and correct inverted duty anomalies. Replying to a parliamentary query, the ministry said the proposed rationalisation could result in a gross revenue implication of about ₹93,300 crore. However, this impact is expected to be partly offset by higher collections from select items being moved from the 28 per cent GST slab to a proposed 40…
Author: Adarsh Kumar
New Delhi based creative technology and applied artificial intelligence company Tagbin has raised $10 million in a funding round led by SageOne Flagship Growth OE Fund, along with notable investors including Jyotivardhan Sonthalia, Sanjay Kaul, Ramesh Damani, Moheet Agarwal, Siddharth Iyer, Abhinandan Lodha, and the Kurl on Group. The company has also announced plans to launch its initial public offering (IPO) by March 2027. In a press statement, Tagbin said the fresh capital will be deployed to accelerate domestic and international expansion, deepen its AI and creative technology capabilities, and support preparations for a public market listing. The funding marks…
Customer engagement SaaS platform MoEngage has secured an additional $180 million as part of its Series F funding round, taking the total capital raised in the round to $280 million. The latest investment comes months after the company raised $100 million in November 2025, highlighting strong investor confidence in its global growth strategy. The fresh round was led by ChrysCapital and Dragon Funds, marking their entry into MoEngage’s cap table. Schroders Capital also participated, while existing investors TR Capital and B Capital continued to back the company. Although MoEngage did not disclose its valuation, market estimates suggest a post money…
Apple Inc has achieved a major milestone in its India manufacturing journey, exporting iPhones worth a record $2 billion in November, underlining the country’s growing role in the global smartphone supply chain. The figure accounts for nearly 75 per cent of India’s total smartphone exports, which stood at $2.7 billion during the month. The strong export performance reflects Apple’s accelerated shift of manufacturing operations to India as the company looks to diversify its supply base beyond China. iPhones assembled by Apple’s contract manufacturers Foxconn, Pegatron, and Tata Electronics were shipped primarily to key global markets including the United States, Europe,…
Tech-led retail firm Ace Turtle has raised $5 million in a bridge funding round led by existing investor Vertex Holdings, strengthening its balance sheet as it prepares for a larger capital raise next year. The round also saw participation from the company’s co-founders, Berry Singh and Nitin Chhabra, underlining continued promoter confidence in the business. The latest infusion comes after a nearly two-year gap in fundraising for the Bengaluru-based company. With this round, Ace Turtle’s total funding to date stands at around $48 million, including a $34 million round led by Vertex Ventures in May 2023 and a $4 million…
Elon Musk has rewritten global wealth records once again. The Tesla and SpaceX chief’s net worth has surged past $680 billion, firmly cementing his position as the richest person in the world and placing him wealthier than tech titans Jeff Bezos and Mark Zuckerberg combined, according to the (Forbes Real-Time Billionaires Tracker.) Musk’s fortune climbed to around $684 billion, driven by a dramatic revaluation of SpaceX, which is reportedly preparing for an initial public offering (IPO) at an eye-popping valuation of nearly $800 billion. The surge marks one of the largest and fastest increases in personal wealth ever recorded. A…
Indian haircare startup Moxie Beauty has secured $15 million in Series A funding, led by global venture capital firm Bessemer Venture Partners. The round also saw participation from existing investor Fireside Ventures and angel investors Navin Parwal, Sangeet Agarwal, and Arjun Purkayastha. The company has not disclosed its valuation. Founded in 2023 by Nikita Khanna and Anmol Ahlawat, Moxie Beauty focuses on developing haircare solutions tailored specifically for Indian hair types and climatic conditions. In a highly competitive beauty and personal care market, the brand has demonstrated rapid traction, crossing Rs 100 crore in annual recurring revenue (ARR) within two…
Google has announced a fresh push to strengthen India’s artificial intelligence (AI) ecosystem, committing $8 million to support four of the central government’s AI Centres of Excellence (CoEs), alongside funding initiatives for India-based AI startups and AI-led healthcare solutions. The move underlines the tech giant’s growing focus on India as a key market for AI research, talent, and real world deployment. The $8 million commitment will be used to back government-led CoEs that are focused on advancing AI research, innovation, and large scale applications. These centres play a critical role in bridging academia, industry, and public sector use cases, particularly…
Spacetech startup Digantara has raised $50 million (around ₹454.4 crore) in its Series B funding round to scale up its space surveillance and situational awareness capabilities. The fresh capital will support the company’s plans to expand its global footprint and strengthen its technology and manufacturing base. The funding round saw participation from a mix of domestic and international investors, including SBI Investments Co Japan, 360 ONE Asset, and entrepreneur Ronnie Screwvala. Existing investors Peak XV Partners and Kalaari Capital also joined the round, reaffirming their confidence in Digantara’s long-term growth strategy and technological roadmap. Founded with a focus on space…
Insurtech firm Turtlemint has received approval from the Securities and Exchange Board of India (SEBI) to proceed with its initial public offering (IPO), according to the processing status updated on the regulator’s website on December 12, 2025. The approval marks a key milestone for the Mumbai-based startup as it moves closer to entering the public markets. Turtlemint had pre-filed its Draft Red Herring Prospectus (DRHP) through SEBI’s confidential route in May 2025. As per market reports, the company is planning to raise up to ₹2,000 crore through the IPO, though the final issue size and structure will be disclosed closer…