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Indian online grocery startup Zepto has seen its valuation surge by approximately 40%, reaching $5 billion following a recent funding round led by General Catalyst Partners. This development highlights the ongoing interest of foreign investors in India’s burgeoning e-commerce sector. The $340 million funding round also saw participation from new investors Dragon Fund and Epiq…

X, formerly Twitter, has been banned in Brazil after failing to meet a deadline set by a Supreme Court judge to name a new legal representative in the country. Alexandre de Moraes ordered the “immediate and complete suspension” of the social media platform until it complies with all court orders and pays existing fines. The…

NEW DELHI, Aug 30 – An Indian tax agency has found that British insurer Aviva (AV.L), opens new tab breached local regulations capping commissions to sales agents with a system of fake invoices and clandestine cash payments, according to a notice seen by Reuters. In an attempt to grow operations, Aviva’s India business paid about $26 million…

A French judge put Telegram boss Pavel Durov under formal investigation on Wednesday in a probe into organized crime on the messaging app, but granted the entrepreneur bail on condition he pays 5 million euros, reports twice a week to police and does not leave French territory. Paris prosecutor Laure Beccuau said in a statement the judge…

Cigarettes-to-agri-to-hotels conglomerate ITC Ltd. reported a 2% volume growth for the April-June period, sources in the know told CNBC-TV18. This is in-line with the CNBC-TV18 poll, which had pegged the figure to be between 2% and 3%. The company reported a 0.3% year-on-year (YoY) increase in net profit at ₹4,917.5 crore for the first quarter that…

Tesla shareholders will appear in court on Monday to argue that an unprecedented request for more than $7 billion in attorneys’ fees to be paid by the company is “outlandish,” the latest twist in a legal showdown over Musk’s $56 billion pay package. The record fee request was made by investor Richard Tornetta on behalf…