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SoftBank-backed Ola is India's answer to Uber and plans to file papers for approval with the country's market regulator within three months, said the sources, who declined to be named as the matter is confidential.
Flipkart held talks with Zepto for a potential deal but discussions fell through. Zepto is expected to snag a valuation of nearly $2.5 billion in a fresh funding round. Learn more about the failed majority stake talks.
Agilitas Sports acquires Lotto India licence for a 40-year period. Partnership with WHP Global to expand Lotto brand in India, South Asia, and Australia. Focus on value and premium quality.
Cred has received in-principle approval from the RBI for the payment aggregation business. Once the final approval is granted, Cred can expand its merchant payments business. Read more about this development in the fintech industry.
IT services company Wipro on Friday reported an 8% year-on-year (YoY) fall in consolidated net profit to Rs 2,835 crore for the quarter ended March 2024. It was Rs 3,074 crore in the last year quarter.