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Oura has alleged that Ultrahuman copied its technology and accessed proprietary information. It accused the Indian company of violating patents and copyrights in developing its fitness ring, which was launched in 2022.
BharatPes embattled cofounder Ashneer Grover and his wife Madhuri Jain were stopped at the Delhi airport from travelling to New York. This and more in todays ETtech Top 5.
UAE-based Alpha Dhabi Holding has reported robust financial results for the first nine months with a 29% increase in net profit surging to AED11.6 billion ($3.2 billion) mainly due to a combination of organic expansion and strategic acquisitions.
Alpha Dhabi's diversified portfolio has been a major driver behind the growth in revenue
Aye Finance, a non-bank lender, aims to increase its borrowing by 70% to Rs 3,400 crore in FY24 compared to Rs 2,000 crore in FY23. The company has already raised Rs 2,100 crore of debt and is confident of meeting its target. It has secured funds from both global and Indian banks and financial institutions.