Chennai’s Oxyzen Express Raises $3 Million, Targets Express Logistics Sector
he startup has established a comprehensive pan-India network, covering over 10,000 pin codes, and caters to a diverse range of industry sectors including retail, pharma, FMCG, ecommerce, electronics, and automotive.
Ujjwala Scheme Boosts LPG Consumption: India’s Success in Affordable Cooking Gas
In late August 2023, the government slashed LPG prices by Rs 200 per cylinder for all domestic consumers. PMUY beneficiaries received an additional subsidy, bringing their total relief to Rs 400 per cylinder. The government also raised the subsidy for PMUY consumers from Rs 100 to Rs 300 per cylinder in early October.
Bima Vistaar: The Future of Insurance in India
Bima Vistaar is a significant part of the “Insurance Trinity,” which includes Bima Sugam, a one-stop digital platform, and Bima Vahak, a women-led field distribution force. These components are integral to IRDAI’s vision of achieving insurance for all by 2047, addressing gaps in product design, pricing, and distribution.
Ola Electric Sets the Pace with India’s First EV Maker IPO
Ola Electric, an emerging leader in India’s electric vehicle (EV) sector, is set to make a significant leap by filing for an Initial Public Offering (IPO) to raise ₹5,500 crore (approximately $662 million).
India Extends Duty Relief on Edible Oils and Lentils Until 2025
The Solvent Extractors’ Association of India (SEA) has estimated that India’s import of edible oils—palm, soybean, and sunflower—is expected to reach a record 17 million metric tons (MMT) in the current year.
Transforming Trade Settlements: SEBI’s Game-Changing T+0 Proposal
Initially, the T+0 settlement will be available for the top 500 listed companies based on market capitalization.
SAHAJ and SUGAM: Decoding CBDT’s Latest ITR Forms for Individuals and Businesses
The Central Board of Direct Taxes (CBDT) has notified the Income Tax Return (ITR) Forms ITR-1 (SAHAJ) and ITR-4 (SUGAM) for the Assessment Year (A.Y.) 2024-25.
India’s Gas Landscape Set for Transformation: IGX Introduces Small-Scale LNG
The new offering, pending approval from the Petroleum and Natural Gas Regulatory Board (PNGRB), is poised to benefit areas in India not yet connected by natural gas pipelines, offering a viable alternative for increasing natural gas consumption.
Gurugram’s SenseAI Ventures Introduces Rs 200 Crore Fund for AI Pioneers
The fund, with a corpus of Rs 200 crore (approximately $25 million), is specifically designed to support the AI startup ecosystem in India. The primary focus of the fund will be on investing in 18-20 AI-first startups, targeting those in the seed and pre-Series A stages.
Ashv Finance Secures $10 Million from Encourage Capital for Rooftop Solar MSME Projects
Ashv Finance, part of the Aavishkaar Group, has recently secured a significant investment of $10 million from Encourage Capital. This funding is earmarked for a pivotal venture in the micro, small, and medium enterprise (MSME) sector in India