SoftBank has sold 1.2% of its stake in Ola Electric, reducing its holding to 11.7%. It also sold 25.9% of its rights entitlements in Ola Electric’s ₹1,000 crore rights issue.
Summary by TT-Media from “SoftBank Sells 1.2% Stake In Ola Electric, Offloads 1.12 Cr Rights Entitlements” (Inc42 — Startup and funding news, Trade press). For the full text, official notices and exact figures, read the original.
Amazon and Flipkart have revised cancellation penalties and logistics fees ahead of the festive season, impacting seller margins. Flipkart charges flat fees for delays and cancellations, while Amazon links penalties to order value. Rising logistics costs add to the burden.
Why it matters
Textile and apparel sellers on e-commerce platforms should factor in higher cancellation fees and logistics costs when planning festive season inventory and pricing.
Bengaluru-based QwikBuild has secured $2.3 million in pre-seed funding led by Globalway. The startup builds AI-driven enterprise software to reduce development and deployment time. It also announced a joint venture to enter Japan’s market.
Why it matters
Textile MSMEs adopting digital tools should watch for AI-driven workflow automation solutions that could streamline operations.
IndiaMART reported a 9.8% YoY increase in net profit to ₹90.7 Cr for Q2 FY27, with revenue up 10% to ₹428.6 Cr. EBITDA margin improved by 300 bps to 40%, despite a sequential profit decline. Paying suppliers grew to 2.2 Lakh.
Why it matters
Textile MSMEs using IndiaMART should track platform trust and AI tools for better engagement and supplier monetisation.
Tata Communications plans to invest ₹4,350 Cr to build 10,000 km of AI-ready connectivity infrastructure across India by FY36. The network will support data centres and AI workloads.
Why it matters
Textile MSMEs should prepare for faster digital trade and cloud-based supply chain tools.
Verified suppliers and buyers, GST invoices on every order, payment before dispatch.
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