Author: Cross Road Times

SUMMARY Vaishnaw was speaking at the inauguration of VVDN’s Surface Mount Technology (SMT) Line and Mechanical Innovation Park in Manesar He said that the scheme is expected to boost domestic production, create jobs and reduce import dependency Vaishnaw also revealed in an X post that the sector has created nearly 25 Lakh jobs Days after…

SUMMARY Justdial reported a net profit of INR 157.60 Cr in the final quarter of FY25, an increase of 36% from INR 115.65 Cr in the year-ago quarter The Reliance Retail-backed company’s net revenue from operations rose 7% to INR 289.2 Cr during the quarter under review from INR 270.27 Cr in Q4 FY24 In…

SUMMARY Eternal’s board approved the proposal to cap the foreign ownership at 49.50% on a fully diluted basis today The investors whose shareholding will be capped include FDI, foreign portfolio investors and non-resident Indians (NRIs) While foreign investors shed 3% of their stakeholding in the company at the of the March quarter, domestic investors gained…

Imarticus Learning is set to step into the public market with an initial public offering (IPO) looking to raise around INR 750 Cr in a combination of fresh issue and offer for sale of existing shares. The Mumbai-based edtech company has appointed investment bank IIFL to manage the IPO. “We have set the timeline of…

SUMMARY With this feature, customers would be able to save their UPI ID or handles on a merchant’s website or app The move is aimed at streamlining the payment process and will put UPI payments in line with how online card payments work today Currently, while shopping online, customers have to select the UPI payment…

SUMMARY State minister Rajaa said that the new policy will look to attract spacetech investments worth INR 10,000 in the state and create at least 10,000 direct and indirect jobs over a decade The policy will look to create a full-stack spacetech ecosystem in the state, including building payloads, platforms and launchpads as well as…

While the funding raised by Indian startups remained flat quarter-on-quarter at $3.1 Bn in the first quarter of 2025, investors continued to accumulate dry powder. A total of 23 funds worth over $3.2 Bn were launched in the March quarter to back Indian startups, as per Inc42’s ‘Indian Tech Startup Funding Report, Q1 2025’. Amid…

SUMMARY Razorpay got the approval of its members during an EGM held on March 27 to change its name to ‘Razorpay Public Limited’ from ‘Razorpay Software Private Limited’ While the startup has no immediate plans for IPO, the conversion is a step in preparation for the public listing Razorpay is also in the process of…