Lava Invests Rs 600 Crore in R&D and Marketing with its New Goals

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With up to Rs 600 crore invested in product development and marketing over the next two years, domestic smartphone manufacturer Lava International anticipates a 10% market share in the sub-Rs 30,000 price range, according to a senior company official. Lava focused on its core strengths and reworked its growth strategy at a time when several […]

Rapido is entering the four-wheeler aggregator market

Rapido, a logistics and bike taxi aggregator, is preparing to enter the four-wheeler market, which is currently controlled by industry titans like Uber and Ola Cab. Currently, Rapido operates in the two- and three-wheeler segments with a sizable fleet that includes 7 lakh auto-rickshaws and 50 million bike taxis. Rapido thinks it’s time to enter […]

Boat Joins ONDC to Expand Its Presence in the Indian Market

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Boat, the popular wearables brand, has recently joined the Open Network for Digital Commerce (ONDC) to strengthen its presence in the Indian market. ONDC is a Government of India initiative that aims to promote the adoption of digital commerce across the country. By joining ONDC, Boat will be able to leverage its digital infrastructure and […]

SEBI Directs Lava International To Refile IPO Papers: What Does It Mean?

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Lava International , one of the leading Indian mobile phone manufacturers, was recently directed by the Securities and Exchange Board of India (SEBI) to refile its IPO papers. The move has raised concerns among investors who were eagerly awaiting the company’s IPO. The SEBI’s decision to ask Lava International to refile its IPO papers was […]

Government Takes Steps to Address Angel Tax Concerns

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The Department for Promotion of Industry and Internal Trade (DPIIT) is working closely with the Finance Ministry to address the concerns of startups regarding the contentious angel tax and fair market valuation, according to a top government official. The Union budget proposal to subject foreign investors to angel tax has raised apprehensions among startups about […]

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