Stories from Mumbai · India

Turtlemint has secured an investment of Rs 397.2 crore ahead of its IPO. The funding round attracted a mix of domestic and foreign investors, indicating confidence in the insurtech company. This funding will support the company's growth. Insurtech platform Turtlemint has successfully raised Rs 397.2 crore in a recent investment round.

Telegram CEO Pavel Durov alleges that Reliance is attempting to influence a ban on the messaging app in India. Durov cited access disruptions as evidence of this alleged interference. The CEO of Telegram has alleged that Reliance Industries is influencing the potential ban of the app in India. He claims Reliance is seeking to eliminate competition. The CEO claims that Reliance is lobbying against Telegram's operations. The CEO claims this influence is impacting app availability in the Indian market. He claims that Reliance is leveraging its position to affect app availability. He claims the ban is not based on legitimate security concerns but rather on corporate interests. The CEO of Telegram has alleged that external influences may have played a role in India's decision to ban certain applications. The source stated that Reliance's actions are impacting the ban.

A homeowner in India sustained injuries due to strong winds generated by an aircraft. The homeowner was reportedly near the aircraft at the time.

An interim report into the Air India plane crash noted that the plane's fuel was a factor. The investigation detailed specific problems with the aircraft's fuel system. The findings suggest problems with fuel management or supply. The exact nature of the fuel issues and their direct link to the crash were not fully detailed. The source did not specify the exact nature of the fuel problems or the aircraft model.

YouTube is becoming a primary release platform for films, with some creators amassing millions of views. One Mollywood YouTube channel has over 480,000 subscribers. Actors are increasingly using the platform to bypass traditional establishments. This trend indicates a growing influence of online content creators within traditional film sectors. YouTube creators are gaining traction within Mollywood, the Malayalam film industry.

The Reserve Bank of India has simplified rules for portfolio investors. This move aims to ease investment in government securities. The framework reduces compliance requirements for foreign investors. The changes aim to make it easier for individuals and businesses to invest. This move is expected to benefit investors by offering tax holidays. This initiative aims to make investment processes more accessible and efficient for individuals and institutions. The RBI has also made adjustments to its policies.

India's Zee Entertainment has signed a broadcast deal with FIFA for the 2026 World Cup. The agreement covers broadcasting rights for the major international football tournament.

A man was arrested in Mumbai for a cryptocurrency investment scam. Russian financial authorities are considering new tax regulations for digital currencies, and the central bank governor does not support their use as payment methods.

Kyro Capital has launched a ₹100 crore Pre-IPO fund in India's financial sector. The SEBI-registered fund aims for its first close by July and targets growth-stage companies. This initiative is making waves in the Indian financial market.

The CBI has arrested RCom Group MD Jhunjhunwala in connection with a Rs 6,015 crore bank fraud case. The arrest was reported by Bluesky Social.