Gensol Engineering independent director Arun Menon resigned after SEBI passed an interim order against the company. Menon said he's been trying to reach out to Gensol Founder Anmol Jaggi since July/August 2024 to seek clarity on the company's debt position. Menon indicated he wished to resign earlier but was told to wait till the IPO of another Gensol subsidiary concluded.

Ex-India captain MS Dhoni and actress Deepika Padukone hold stakes in Gensol Engineering, currently being probed by market regulator SEBI for diverting funds. Deepika had invested in 2019 in a ₹25.62-crore round, which saw Bajaj Finserv MD Sanjiv Bajaj's participation too, while Dhoni had invested in a ₹200-crore round. Enforcement Directorate's Raipur office also owns stake in Gensol.

Lakme's advertisement placed next to Derma Co's advertisement mocked the latter's sunscreen, saying Derma Co claims the product offers SPF50 when it actually offers SPF20. Delhi HC ordered Lakme to tweak its campaign within 24 hours while directing Derma Co to delete online posts disparaging Lakme. "How'd our product remain number one...for 18 months...if [it] was ineffective," Derma Co said.

Bengaluru-based nutrition brand Good Monk has raised $2 million in a Pre-Series A round led by RPSG Capital Ventures, joined by existing investors. Vineeta Singh of Sugar Cosmetics backed the brand earlier on Shark Tank India. Known for its easy-to-use nutrition mixes, Good Monk will use the funds to scale operations, boost R&D, and promote healthier eating in Indian households.

The Income Tax Department has issued show-cause notices to startups over foreign funds routed via Singapore. Using Section 68, authorities are questioning the identity and creditworthiness of overseas investors behind capital inflows from the past five years. Non-resident Indians with Singapore accounts are also under scrutiny, raising concerns about renewed angel tax enforcement.

NextLeap Aeronautics Pvt Ltd, a leading UAV technology company based in Bengaluru, has announced the successful development and testing of its flagship high-precision thrust measurement system, the Leap TR-50 thrust stand. This milestone marks the introduction of India's only 50 kg-capacity thrust stand tailored for both defence and commercial UAV propulsion testing.

Deep-tech startup Planck has raised pre-seed funding at a $500,000 valuation from US firm Saarthee Actionable Insights. It aims to revolutionise edge data centres with modular, army-grade, Made-in-India solutions. The funds will speed up market entry. With a top-tier global team, Planck is set to deliver smarter analytics tools for data-heavy industries like media, finance, and telecom.

In 2018, Anshul Mishra from Shahjahanpur was studying at SRM University. He decided to go back to his village instead of getting into the corporate world. He started growing dragon fruit. In FY25, his venture produces up to 3,000 kgs of dragon fruit per acre. It clocks an annual revenue of ₹30 lakh.

Education-focussed non-banking finance company Varthana has raised ₹75 crore in a debt funding round co-led by B2B ecommerce startup OfBusiness and its financial services arm Oxyzo. Varthana board passed a resolution in January to issue 75,000 non-convertible debentures with face value of ₹10,000 each to raise the sum, its regulatory filings sourced from the Registrar of Companies showed.

The Nifty IT index dipped more than 2% on Thursday as a sell-off seen in the US' tech-heavy Nasdaq Composite index overnight dampened sentiment. Wipro was the top loser on the Nifty IT index after its tepid Q4 revenue and weak outlook crashed its shares 5%. LTIMindtree, HCLTech, Infosys and Tech Mahindra were also among the top losers.