Fintech firm One Mobikwik reported a consolidated loss of Rs 55.28 crore in Q3 FY25, driven by a significant increase in payment gateway costs. Revenue grew 18% YoY.

MobiKwik, listed last month, reported a Rs 3.59 crore loss in Q2 FY25 due to higher investments, despite a rise in revenue. The company aims to balance growth and profitability.

Peak XV Partners has divested a 1.5% stake in MobiKwik for Rs 82 crore through an open market transaction. The deal reduces Peak XV's holding in the fintech company to 1.26%.

India's IPO market witnessed record fundraising in 2024, reaching Rs 1.6 lakh crore, driven by economic growth and investor confidence. The pipeline for 2025 is even more promising.

One Mobikwik Systems' stock made a strong market debut, jumping over 58% on Wednesday. The fintech firm's IPO was heavily oversubscribed, indicating strong investor confidence.

Rosmerta Digital Services Ltd has filed for insolvency proceedings against Ola Electric Technologies Pvt Ltd, alleging default in payment for services rendered. Ola Electric disputes the claims and...

The Bureau of Indian Standards (BIS) has conducted raids on Amazon and Flipkart warehouses, seizing thousands of uncertified products, including toys, appliances, and more. This comes after...

India's electronics industry is set to become the world's largest manufacturing sector, with Tamil Nadu leading the charge. MeitY Secretary S Krishnan highlighted the state's electronics...

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Rosmerta Digital Services Ltd has filed for insolvency proceedings against Ola Electric Technologies Pvt Ltd, alleging default in payment for services rendered. Ola Electric disputes the claims and...

The Jammu and Kashmir Assembly has approved over Rs 7,019 crore for five key departments, including mining, industries, public works, labour, and skill development. The grants aim to boost...

Jammu & Kashmir has received over 8,500 applications with investment proposals worth over Rs 1.69 lakh crore and employment proposals for over 6 lakh jobs, according to Deputy Chief...

The Bureau of Indian Standards (BIS) has conducted raids on Amazon and Flipkart warehouses, seizing thousands of uncertified products, including toys, appliances, and more. This comes after...

India's electronics industry is set to become the world's largest manufacturing sector, with Tamil Nadu leading the charge. MeitY Secretary S Krishnan highlighted the state's electronics...