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Top Inc42 Media News

Meta Appoints Arun Srinivas as India Head
Meta · India

Meta Appoints Arun Srinivas as India Head

44% Right coverage: 9 sources
Meta Platforms said on Monday that Arun Srinivas has been appointed as the managing director and head for Meta in India, effective July 1.Srinivas currently heads the tech giant's India ads business, according to his LinkedIn profile.His appointment comes at a time when Meta and Indian authorities haveSee the Story
Mumbai Police File Cases Against Rapido, Uber Bikes for Transporting Passengers Sans Govt Nod
Auto · Karnataka

Mumbai Police File Cases Against Rapido, Uber Bikes for Transporting Passengers Sans Govt Nod

Coverage: 6 sources
Mumbai Police files cheating cases against Rapido and Uber bike taxis for illegal passenger transportation without permission.See the Story
Google to scale up AI-powered fraud detection and security operations in India
Google · India

Google to scale up AI-powered fraud detection and security operations in India

50% Left coverage: 4 sources
Google has unveiled its Safety Charter in India, which will expand its AI-led developments for fraud detection and combating scams across the country, theSee the Story

WhatsApp Launches Ads in Status Updates, Channel Subscriptions

50% Center coverage: 4 sources
WhatsApp is looking to integrate ads into the app (again).PrivacySee the Story

Arisinfra Solutions' IPO Gets Subscribed 24 Pc on Day 1 of Offer

100% Right coverage: 2 sources
Arisinfra Solutions' IPO gets subscribed 24 pc on Day 1 of offerBusiness · IndiaSee the Story

OnePlus India Audit Flags Compliance & Operational Issues

Amid heightened scrutiny of Chinese firms in India, OnePlus Technology India has come under the radar after auditors flagged several compliance and operational issues, including the use of foreign-hosted accounting software, program codes in a foreign language and delayed provident fund contributions. As per OnePlus India’s standalone financial report filed with the Ministry of Corporate Affairs (MCA), OnePlus is currently addressing these conce…India · IndiaRead Article

Vodafone Idea Partners with AST SpaceMobile for Revolutionary Space-Based Connectivity

Coverage: 2 sources
Vodafone Idea has teamed with AST SpaceMobile to deliver satellite service directly to smartphones in India. This partnership aims to complement existing terrestrial networks, enabling direct connectivity via space-based cellular technology. AST SpaceMobile has secured significant investments and aims to break connectivity barriers in unconnected regions.Smartphones · IndiaSee the Story

SBI Exits Jio Payments Bank For Rs 104 Crore, Sells Stake To JFSL

State Bank of India divested its entire stake in Jio Payments Bank Ltd. to Jio Financial Services Ltd. for Rs 104.5 crore on Wednesday.The state-owned lender had received board approval in March for selling 7.9 crore equity shares of JPBL at Rs 13.22 apiece, according to a stock exchange filing.Following necessary approval from the Reserve Bank of India, SBI executed the share purchase agreement with JFSL and JPBL on Wednesday and transferred th…Business · MumbaiSee the Story

ArisInfra IPO: Issue Subscribed 24% On Day 1

Update | June 18, 8:03 PM ArisInfra Solutions’ IPO ended the first day of bidding with an overall subscription of 24%, with retail investors leading the pack.  The portion reserved for retail investors was oversubscribed 1.04X, receiving bids for 24.7 Lakh shares as against 23.7 Lakh shares on offer.  NIIs bid for 6.9 Lakh shares as against the 35.68 Lakh shares reserved for them, resulting in 19% subscription. However, QIBs bid for a mere 10,98…IPO · IndiaRead Article

Exclusive: Telecom Startup WIOM Raises $35 Mn In Round Led By Accel, Prosus

Telecommunications startup WIOM has raised $35 Mn (about INR 290 Cr) in a new funding round led by Accel and Prosus, sources told Inc42.  The funding round, which also saw participation from several existing investors, valued the startup at $200 Mn, the sources added.  WIOM cofounder Ashutosh Mishra confirmed the development with Inc42. The startup last raised $17 Mn (INR 140 Cr) in its Series A round led by RTP Global in July 2023. Including th…Startups · IndiaRead Article

Urban Company Turns Profitable, Posts INR 240 Cr PAT In FY25

Urban Company turned profitable in the financial year ended March 31, 2025 (FY25). The hyperlocal services startup reported a net profit of INR 239.7 Cr during the fiscal year under review as against a loss of INR 92.7 Cr in FY24. The startup’s operating revenue jumped 38.2% to INR 1,144.4 Cr in FY25 from INR 828 Cr in the previous fiscal year. Founded in 2014 by Abhiraj Singh Bahl, Raghav Chandra and Varun Khaitan, Urban Company provides a tech…Gurugram · GurugramSee the Story

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