News Update

Mittal said the ban on real-money gaming (RMG) in India cut the company’s survival time from seven months to just four months, leading to the decision.

SEBI has eased IPO and shareholding rules for large companies. Firms with market cap above ₹5 lakh crore can now sell only 2.5% of shares in their IPO, instead of 5%, making it easier for the market to absorb big issues. 

Through this partnership, ixigo Trains now provides QR-based metro tickets with in-app payments, making travel faster and easier. 

In a filing with the stock exchanges, the company said it invested ₹73 Cr as the second tranche in GlobalBees, buying 2,220 Series C2 CCPS with a face value of ₹5 each at a premium of ₹3.29 lakh per share.

Under the scheme, startups can get up to ₹5 crore per project for pilot work in hydrogen production, storage, transport, and use.

RevRag said the acquisition will help it handle everything from multilingual voice and text automation tools to RAG pipelines and vector infrastructure. The goal is to better meet enterprise needs around security, reliability, and scalability.

Effective immediately, these rules aim to make fund operations more transparent, ensure compliance, and provide stronger protection for investors under the Alternative Investment Fund (AIF) regulations.

According to PTI, the layoffs will affect about 500 of Games24x7’s 700–750 employees, roughly 70% of its workforce.

The firm first invested in EduGorilla in 2020 during the company’s first institutional funding round, after its initial angel investment.

It will offer 1–3 minute mini episodes in genres like drama, romance, thriller, and comedy. The platform will first be available on select Android devices and later on iOS.