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The NCLAT has dismissed the petition filed by Byju's resolution professional concerning the shareholding dispute related to Aakash. This decision marks a significant development in the ongoing legal matters surrounding the company's ownership structure.
Mohandas Pai has highlighted the critical shortage of domestic capital for Indian startups, emphasizing the need for a comprehensive policy overhaul. This call to action aims to bolster the startup ecosystem and enhance investment opportunities within the country.
India's digital forensics market is projected to experience significant growth, expected to triple the global growth rate and reach a valuation of $1.39 billion by the fiscal year 2030. This surge highlights the increasing importance of digital security and forensic analysis in the country.
Lenskart has transitioned to a public limited company as of May 30, 2025, in preparation for a $10 billion IPO. Founded by Peyush Bansal, Amit Chaudhury, and Sumeet Kapahi, the eyewear company is expanding globally, with significant growth in the eyewear market projected.India's IPO market is thriving, with a notable increase in deals and proceeds, creating a favorable environment for Lenskart's public offering. The company has also shown financial discipline, reducing losses significantly in FY2024, indicating readiness for market scrutiny.
Flipkart has appointed Ravi Iyer as the new CFO of its ecommerce division, effective immediately. Iyer, who has been with the company for over 11 years, will oversee finance, corporate development, investor relations, and the CEO’s office amid a wave of executive departures and a strategic restructuring aimed at reducing cash burn in preparation for a public offering.This leadership change reflects Flipkart's focus on promoting long-tenured executives with deep institutional knowledge, as the company continues to expand aggressively in quick commerce and fintech, planning to hire 5,000 employees in 2025.
[Bloomberg]
Flipkart is set to launch its Non-Banking Financial Company (NBFC) initiative, dubbed "Booster Shot," in 2025. This move aims to enhance financial services and support for its growing customer base, positioning the e-commerce giant as a key player in the fintech landscape.
KiranaPro's recent security breach, linked to a former employee's access, highlights critical vulnerabilities in startup offboarding practices. The company, unable to confirm if the breach was internal or external, faces significant regulatory risks under India's Digital Personal Data Protection Act, which imposes hefty penalties for security failures. As cyber incidents surge in India, startups like KiranaPro struggle with resource constraints, making robust data protection increasingly essential.
WazirX's recovery plan has encountered significant legal challenges, hindering its progress. The situation highlights the complexities and regulatory scrutiny facing cryptocurrency exchanges in the current market landscape. As the company navigates these obstacles, its future remains uncertain.
The NCLAT has dismissed BYJU’S appeal concerning the shareholding dispute with Aakash. This ruling marks a significant development in the ongoing legal challenges faced by BYJU’S in its acquisition of Aakash Educational Services.
IND
Country
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
NCLAT dismisses Byju's petition in Aakash shareholding dispute
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Mohandas Pai highlights need for policy changes to boost startup funding
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India's digital forensics market projected to reach 1.39 billion by 2030
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Lenskart transitions to public company ahead of ten billion dollar IPO
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Flipkart promotes Ravi Iyer to chief financial officer amid leadership changes
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NCLAT dismisses BYJU's appeal in Aakash shareholding conflict
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