Article on January 28, 2023
Bengaluru Man Wins Case Against Ola Over Defunct AC in Cab, Receives Rs 15k As Compensation
The judges looked over customer's complaint and observed that, despite the vehicle's broken AC, Ola had received the full amount of Rs 1,837, as the company admitted in the email
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OYO Expects To Be EBITDA Positive In the Second Half Of 2023
According to the draft red herring prospectus (DRHP) filed with the Securities and Exchange Board of India (SEBI), the traveltech startup's adjusted EBITDA in the first half of FY23 was Rs 63 crore
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GOAT Brand Labs Acquires D2C Brand Imara: Report
Following the acquisition, GOAT plans to take Imara to the international market.
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Budget 2023: Time To Make Progress On Draft Battery Swapping Policy
Currently, these loans are under the non-priority sector lending without any regulated interest rate. There is also a need to include EVs in priority sector lending. Currently, banks are wary about financing EVs
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Union Budget 2023: What Do Fintechs And NBFCs Expect?
Bolder steps are required to increase the flow of funds to NBFCs, especially the ones working toward empowering and financially including the micro and small businesses
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India's Growth To Remain Strong At 5.8%: UN Economic Report
As per United Nations (UN) World Economic Situation and Prospects 2023 report, the prospects are more challenging for other economies in the region
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JetSynthesys Acquires Majority Stake In Fanory
As part of this transaction, JetSynthesys has onboarded exTwitter India Head and Fanory’s co-founder, Manish Maheshwari, as President at the Corporate level, JetSynthesys.
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Union Budget 2023-24 Is Expected To Facilitate Credit, Private Investments Facilities For Startups
Currently, educational services and products are in the 18 per cent GST slab which acts as a barrier to democratising education. Edtech startups seek lower tax slabs (5-12%) on educational products and services
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In 2023, New Wave Of Startups To Come From Tier 2-3 Cities
Investing in developing startup incubators through public-private sector collaboration will yield rich dividends in the years ahead. The second wave of startups is coming
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New-age Partnership Between Startups And Corporates Is Needed
A Deloitte survey found that 75 per cent of startups consider partnerships with corporates to be very important. A partnership will enable startups to help with faster response strategies
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