BUSINESS
Sparrow Capital looks to raise Rs 400 crore in third fund
Its third fund, which will be finalised in the coming months, will allow Sparrow Capital to become a more competitive VC fund and bet more aggressively on high potential founders
BUSINESS
Uncertainty cannot last long, FY26 international business revenue will be better than FY25: TCS CEO K Krithivasan
Despite expecting decent growth in Q1 in the international markets, TCS saw project delays driven by the macroeconomic challenges that led to the negative growth, Krithivasan said.
BUSINESS
Zepto to raise $500 million from General Catalyst, Avenir and others in fresh round at $7 billion valuation
Apart from General Catalyst and Avenir Growth, it is also likely that one or two other investors, who specialise in public markets, may participate in the ongoing round, sources told Moneycontrol
BUSINESS
Sun TV family truce? Maran brothers may have settled dispute after mediation by Tamil Nadu CM MK Stalin
Sources say Tamil Nadu Chief Minister MK Stalin and Deputy Chief Minister Udayanidhi Stalin have brokered a peace deal between Sun TV group’s Kalanithi Maran and his brother Dayanidhi Maran.
BUSINESS
Meesho files DRHP confidentially to raise Rs 4,250 crore in primary capital
With this step, Meesho has moved another step closer to an IPO and also joins a growing list of new-age companies that are headed to Dalal Street.
BUSINESS
Narayana Murthy’s Catamaran eyes Amazon-like joint ventures in precision manufacturing
We're looking for a Y2K moment for precision manufacturing here in India, Ranganath MD, Chairman at Catamaran told Moneycontrol in an interview.
BUSINESS
Nykaa block deal: Banga family to sell nearly 2% stake worth $150 million
A total of 16 million shares in FSN E-commerce will change hands at a discount of 4-5 percent from July 2 levels.
BUSINESS
Future of services is hybrid: Former Cognizant CEO Francisco D’Souza says IT firms well-placed to modernise legacy systems
While AI will have a significant impact on services, large IT companies are unlikely to fully automate due to the complexity of legacy systems, D’Souza has said
TECHNOLOGY
I go to Silicon Valley, walk around to keep up with AI: Former Cognizant CEO D’Souza
In addition to conversations with founders and operators in innovation hubs like Silicon Valley, Seattle, and Austin, he also draws insights from his academic ties, says Francisco D’Souza
BUSINESS
Virat Kohli opens Agilitas innings with Rs 40-crore investment in first tranche
Kohli’s initial investment of Rs 40 crore is the first tranche of a larger round. He is set to invest more money personally and increase his involvement with Agilitas
BUSINESS
Lenskart to skip confidential route, file DRHP publicly by first fortnight of July
Bansal is also riding on the popularity of Lenskart, and his personal brand, built on the Indian edition of the show Shark Tank.
BUSINESS
Ashish Dave to step down as CEO of startup backer Mirae Asset Venture Investments
Mirae’s India team will continue to look after its investments in the country once CEO Dave moves on.
BUSINESS
Meesho recasts board ahead of IPO
SoftBank's Sarthak Misra and Prosus' Ashutosh Sharma will give up their board seats, sources told Moneycontrol. At the same time, Kimsuka Narasimhan will succeed Kalpana Morparia. After the three changes, Meesho now has eight board members.
INDIA
Fraud, cheating, money laundering: A look at the key charges levelled by Dayanidhi Maran against Sun TV chairman Kalanithi Maran
The notice also alleges that the 2003 allotment of shares to Kalanithi Maran were done at face value of Rs 10 each although fair value of the said shares was anywhere between Rs 2,500 and Rs 3,000 at that time.
INDIA
Sun TV Family Feud: DMK MP Dayanidhi Maran sends legal notice to billionaire brother Kalanithi Maran
The strongly worded legal notice, dated 10th June, 2025, threatens to initiate civil, criminal, regulatory and enforcement proceedings against Sun TV chairman Kalanithi Maran and seven other respondents, unless they restore the shareholding of the media company to its original state in 2003.This is the second legal notice after one sent in October 2024.
BUSINESS
Kuku FM nears $70 million fundraise at $500 million valuation from Granite Asia and existing investors
Kuku FM is currently clocking $10 million in monthly revenue which translates to an annualised revenue run rate of $120 million.
BUSINESS
Used to take 25-30 hours on speech drafts, I now take 5 hours: Infosys founder Narayana Murthy on ChatGPT
Murthy believes Indian IT firms can tap into Gen AI to accelerate coding, reduce errors, and improve turnaround times.
BUSINESS
IIT-Kanpur missed out on Rs 2,000 crore worth of Infosys shares because of archaic rules, says NR Narayana Murthy
In the case of Bengaluru’s Indian Institute of Science (IISc), which faced a similar fate, the shares would have multiplied 768 times
BUSINESS
Fear that AI will take away jobs not right, very positive about IT industry: Infosys founder NR Narayana Murthy
Murthy said his own usage of OpenAI’s Generative AI tool ChatGPT has boosted his productivity by five times.
TECHNOLOGY
An MBA at IIMA could cost Rs 1 crore in 20 years, says Infosys founder Narayana Murthy on new merit scholarship
In an interview with Moneycontrol, Murthy said the whole fear that AI will take away jobs is not right and that he’s very positive about the IT industry.
BUSINESS
Meesho to pay $288 million in taxes to flip back to India ahead of IPO
Meesho’s tax bill is among the largest for a startup in recent times, after PhonePe’s hefty $1 billion outgo
BUSINESS
Meesho inches closer to IPO with NCLT approval to flip back to India
A complete flip back to India is necessary for Meesho if it wants to list on the bourses here.
BUSINESS
Hornbill, MUFG to lead Dhan's $200 million fundraise at over $1 billion valuation
Dhan has agreed on a deal with Hornbill and MUFG. Dream11's Harsh Jain is also doubling down on his bet. The company is also in discussions to pick a third investor between ChrysCap, TPG and Alpha Wave, sources said. Moneycontrol was first to report about Dhan's deal back in July 2024.
BUSINESS
Groww reports a 3x growth in profits at Rs 1,819 crore, revenue grows 31% to Rs 4056 crore
The relatively high growth and profitability come as a shot in the arm for the Bengaluru wealthtech platform ahead of its IPO plans
