ISN Webteam

Kunal Shah-led fintech company CRED has raised $81 million in a Series C funding round led by DST Global at a post-valuation of about $806 million.

The Department of Promotions of Industry and Internal Trade (DPIIT) has asked the Reserve Bank of India (RBI) and Enforcement Directorate (ED) to take action against e-commerce giants Amazon and Flipkart over violating Foreign Direct Investment (FDI) policy and Foreign Exchange Management Act (FEMA) rules.

SEBI imposed a fine of Rs 40 crore collectively on RIL and its Chairman Mukesh Ambani. Apart from Reliance Industries, two other companies were also fined for allegedly manipulating shares in Reliance Petroleum Ltd. (RPL).

Jubilant Foodworks Ltd to invest Rs 92 crore in Barbeque Nation in exchange for a 10.76% equity stake.

Reliance Jio has announced the partnership with Taiwan-based semiconductor manufacturer MediaTek to launch 'GamingMasters' esports tournament.

Hero Electric announced that it has partnered with Mumbai-based electric mobility startup eBikeGO to supply over 1,000 bikes to transform last-mile deliveries.

Amazon has asked SEBI to wait for the final judgment of SIAC before approving the Future-Reliance Retail (RRVL) deal.

ISRO developing green propulsion for its human space flight mission Gaganyaan.