On July 5, ET had first reported that while a few investors considered the option of a fire sale, the majority were in favour of shutting d...

CaratLane Trading is under the lens of the Enforcement Directorate (ED) for alleged violation of Foreign Direct Investment (FDI) regulation...

This development comes seven months after Gurugram-based GoMechanic’s founders admitted to financial misreporting in a LinkedIn post. Orios...

According to people briefed on the contents of the final forensic report, the founders have been found to have inflated revenues and sales ...

Draft note circulated among investors says founders inflated revenue; final forensic report expected in 10 days.

The venture debt firm had also backed online vehicle service platform GoMechanic, which was offloaded recently in a distress sale. Last Aug...

The sale was led by GoMechanic's venture debt investor Stride Ventures. "This transaction will assist in preserving the ecosystem at large ...

Tata Digital's much-hyped superapp Neu has had a slow start in its first year of launch. Sources told us that the platform contributed less...

The NCLAT bench has directed Google to carry out the competition regulator’s directions and deposit the fine within 30 days. The penalty of...

Last week, the National Company Law Tribunal (NCLT) issued a notice to Sequoia-backed beleaguered automobile after-sales service startup ov...

While it isn’t unusual for new ventures to approach investors to raise capital at an early stage, March 2022-founded Morsebiz’s journey wea...

The company, owned by Prosus, started its business in India in 2009 and operates OLX and OLX Autos. Prosus is controlled by South Africa-ba...

Amazon Air, the ecommerce giant’s dedicated cargo airline, has been launched in India with the aim of offering faster deliveries for more p...

A senior executive at one of the ‘Big Four’ audit firms said qualifications are always a negative for a company and it means the company be...

With the funding round falling through and many questions being raised by incoming investors, the company was left with no other option but...

ET learns the company is looking for acquisitions in the entire chain - from auto insurance to auto lending. Droom is also in the hunt for ...

"With GoMechanic as partner, we are going to offer various kinds of automotive products to all kinds of passenger vehicles in the country,"...