ONDC tops 470 crore orders as India highlights digital-commerce scale
Commerce Minister Piyush Goyal said the Open Network for Digital Commerce has processed more than 470 crore orders, alongside record FY2025-26 FDI inflows of $94.53 billion.
Commerce Minister Piyush Goyal said the Open Network for Digital Commerce has processed more than 470 crore orders, alongside record FY2025-26 FDI inflows of $94.53 billion.
Mobile CNG and CBG units can now serve approved captive users, including mines, ports, railways, waterways and immovable heavy equipment, widening distribution options for city-gas distributors and biogas producers without requiring permanent stations.
Finance Minister Nirmala Sitharaman said the MDR will apply to specified merchant UPI transactions above ₹2,000, with merchants—not consumers—liable. QR-code merchants collecting up to ₹1 lakh monthly are exempt; the fee is capped at ₹300 on transactions of ₹75,000 or more.
Hyderabad-based D2C home and kitchen brand Solara is reportedly discussing a $20–25 million funding round led by Faering Capital. The profitable company posted FY25 revenue of ₹40.9 crore, with appliances contributing more than half of sales.
Mumbai developer Runwal Enterprises has opened its ₹500 crore IPO at ₹290–305 per share. The company, which develops residential and commercial assets including retail malls, plans to use proceeds to reduce debt and support future projects. Subscription closes September 29, with listing scheduled for October 5.
Policybazaar parent PB Fintech signalled lower marketing spend and slower hiring amid proposed insurance-distribution changes. Brokerages cut targets, warning of a potential 30% FY28 hit to core online insurance revenue and significant earnings pressure, though some see market-share upside.
AceVector, parent of Snapdeal and Unicommerce, has opened its ₹420 crore IPO at ₹30–32 a share. The company plans to use fresh proceeds for marketing, technology infrastructure and inorganic growth, while brokerages flag continued losses, high operating costs and intense marketplace competition.
MeitY Secretary S. Krishnan said India must build domestic technology capacity and stop substandard imports from undercutting local smartphone screen-protector makers. Mandatory compliance with Indian standards will begin on April 1, 2027.
Tata Group’s luxury jewellery brand ZOYA used Penélope Cruz’s Toronto International Film Festival appearance to preview pieces from an upcoming collection, pairing Indian spice-inspired storytelling with international red-carpet visibility.
Commerce Secretary Rajesh Agrawal says the India-EFTA and India-New Zealand agreements improve tariff predictability for investors and supply chains, while UK duty-free access could strengthen Indian textile competitiveness.
Four Godrej family members acquired 1.02 crore Godrej Consumer Products shares at Rs 880 each through block deals from Godrej Industries and Godrej Seeds & Genetics. The Rs 900.24 crore transaction does not alter overall promoter-group ownership.
Indian retailers are reporting 50–60% year-on-year growth in packaged foods marketed around cleaner ingredients and healthier nutrition. Demand is being reinforced by FSSAI’s proposed front-of-pack labelling regime and action against misleading food claims.