Author: Arabian Media staff

Eternal, the parent of food delivery platform Zomato and quick commerce service Blinkit, has received a tax demand order from the Additional Commissioner of Central GST & Central Excise, Gurugram, for Rs 40.33 crore, covering tax, interest, and penalty for the period July 2017 to March 2020.According to the company’s exchange filing, the order alleges a GST shortfall of Rs 17.19 crore, interest of Rs 21.42 crore, and a penalty of Rs 1.72 crore.The breakdown shows that tax authorities have raised demands of Rs 0.90 crore for FY18, Rs 11.27 crore for FY19, and Rs 5.02 crore for FY20, along…

Apple said on Tuesday it will open a new retail store in Pune on September 4, expanding its presence in India.The announcement comes just days after Apple revealed plans to launch another store in Bengaluru on September 2.”Apple today announced it will open doors to its first store in Pune – Apple Koregaon Park – on September 4,” it said in a statement.At Apple Hebbal (upcoming Bengaluru store) and Apple Koregaon Park, customers will be able to explore Apple’s latest product lineup, experience new features, and receive expert support from team members, including Specialists, Creatives, and dedicated Business teams.Customers will…

From River Mobility’s steady rise in the EV space to Paytm’s restructuring moves, fresh capital for Peeko and Cumin Co, and Capgemini’s latest acquisition, YourStory brings today’s headlines that highlight significant developments across industries.Featured storiesFocus is on building a strong brand identity: River Mobility’s Aravind ManiBengaluru-based River Mobility is charting a steady path in India’s crowded EV space, prioritising brand identity and fundamentals over aggressive market share. Founded in 2021 by Aravind Mani and Vipin George, the company’s first scooter, Indie, has seen sales double this year, supported by a rapid retail expansion from three to 28 stores across 20…

Data ethics and security are the foundation of innovation, not an afterthought. This was the common refrain from senior technology leaders during a recent panel discussion at DevSparks Hyderabad 2025, YourStory’s event focused on the developer ecosystem.The big takeaway from the event was this: Generative AI and predictive analytics can scale only if ethics and security are embedded from the start.Anita Alexander, VP – Engineering (Healthcare Intelligence), Providence Global Center in India, said, “The true breakthrough is using data responsibly so we can make healthcare simpler, safer, and more personal.”The panellists from Samsung’s R&D Institute in Bengaluru, Elevance Health’s Carelon…

<div class="keyTakeAWays key_take_away_container" data-id="key-take-aways-container" data-title="Key Takeaways" data-inner-html="Saahas Zero Waste pioneers circular economy solutions in India.Founder Wilma Rodrigues transitioned from journalism to impact entrepreneurship.Over 96% of waste handled in 2024–25 was resource-recovered.Focused on formalising informal waste workforces with dignified jobs.Recognised by global platforms like the World Economic Forum and Financial Times.” data-brand=”yourstory” contenteditable=”false” data-clicktext=”” data-clickurl=”” data-pageurl=”https://yourstory.com/2025/08/saahas-zero-waste-circular-economy” data-sectiontype=”Key Takeaways” data-emailid=”aasma@yourstory.com”> .keyTakeAWaysPointsWrapper{ font-size: 1rem; padding-bottom: 1.1rem; color: #171B1C; width: auto !important; padding: 1.5rem 0.875rem; margin: 1rem 0rem !important; background: #FFFEF5; box-shadow: 0px 4px 24px rgba(130, 150, 165, 0.25); height: 100%; display: block; position: relative; max-width: unset; } .keyTakeAWaysContainer li, .keyTakeAWaysContainer p{ font-family: Adobe…

Ola Electric said on Tuesday that the Automotive Research Association of India (ARAI) has certified all seven models in its Gen 3 scooter lineup under the government’s Production Linked Incentive (PLI) scheme for the automobile and auto components sector.With this milestone, Ola Electric’s Gen 2 and Gen 3 scooter portfolio now stands PLI-certified, the Bengaluru-based firm said in a statement.The Gen 3 portfolio, comprising S1 Pro 3 kWh, S1 Pro 4 kWh, S1 Pro+ 4 kWh, S1 X 2 kWh, S1 X 3 kWh, S1 X 4 kWh, and S1 X+ 4 kWh, represents the majority of the company’s current…

Baby care-focused quick commerce platform Peeko raised $3.2 million in a seed funding round led by Stellaris Venture Partners, as the startup aims to become the go-to destination for young parents navigating the chaotic baby products market.Founded earlier this year by IIT alumni Chetan Sharma (ex-Leap), Vivek Khetan (ex-OYO), and Abhijit Gairola (ex-Leap), Peeko is positioning itself as a quick commerce brand promising delivery in under 60 minutes, a try-and-buy model, and instant returns—features that founders say address the frustrations of catalogue fatigue, unreliable quality, and slow fulfillment that parents often face.Other backers in the round include Maninder Gulati (former…

India’s logistics sector is often described as one that must leapfrog into a fully automated, AI-driven future. While technology will play a central role in decarbonisation, one cannot assume that progress depends entirely on large-scale automation or expensive hardware. The transition to low-emission logistics does not need to wait for a perfect technology stack. It can start with practical, proven interventions that reduce waste, improve efficiency, and prepare the ground for deeper transformation. India’s logistics sector accounts for around 13.5% of national greenhouse gas emissions, with road freight as the dominant contributor. Trucks carry nearly 70% of freight and remain…

One 97 Communications Ltd, the parent of Paytm, will invest up to Rs 455 crore in two of its wholly-owned subsidiaries Paytm Money and Paytm Services. The company’s board has cleared subscriptions to rights issues of up to Rs 300 crore in Paytm Money and Rs 155 crore in Paytm Services. It has also approved transfer of equity shares as part of the group’s internal restructuring plan. These developments come on the heels of the company’s gaming affiliate First Games shutting real-money operations following the government’s new online gaming law.Paytm Money offers investment and wealth management services, while Paytm Services…

For India’s ultra-high-net-worth individuals (UHNWIs), wealth creation is no longer the challenge. However, the real question is: how do you preserve and grow capital across generations without taking significant risk? And that’s why families are looking at global diversification to diversify their returns, reduce geopolitical risks, and hedge currency risks.In the past few years, we have witnessed many families seeking to diversify their portfolios into international markets, as they present numerous opportunities, such as investing in artificial intelligence, semiconductor innovation, global infrastructure, or private equity and venture capital deals not available locally.And executing these varied needs of families might not…