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SEBI Cracks Down on Synoptics Technologies for Siphoning ₹19 Crore from IPO Funds

In a landmark move that underscores its zero-tolerance policy towards market manipulation, the Securities and Exchange Board of India (SEBI) has imposed a stringent market ban on Synoptics Technologies Ltd (STL) and its key promoters for a massive and brazen scheme to siphon off IPO proceeds. The confirmatory order, passed on October 3, 2025, upholds an earlier interim directive, prohibiting the company and its promoters from accessing the capital markets until a full investigation is complete.

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Dineout Founders Launch Medical Tourism Venture, Secure $4.5M Seed Funding

Serial entrepreneurs Ankit Mehrotra and Sahil Jain, the visionary minds behind the massively successful restaurant-booking platform Dineout, are back in the startup arena. This time, they’re tackling a massive, global challenge: accessible healthcare. Their new venture, The Medical Travel Company, has just secured a substantial $4.5 million in seed funding to revolutionize the medical tourism industry.

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IPO Boom Incoming: Q4 2025 Set for a Blockbuster Lineup with Tata Capital, LG India & More

After a period of cautious optimism, the Indian primary market is poised for a powerful resurgence in the final quarter of 2025. A flurry of highly anticipated Initial Public Offerings (IPOs) is expected to hit the streets, headlined by corporate giants and domestic champions, signaling robust investor confidence and a thriving capital market.

IPO Boom Incoming: Q4 2025 Set for a Blockbuster Lineup with Tata Capital, LG India & More Read More »

GreyLabs Secures ~₹85 Crore from Elevation Capital & Z47 to Scale Speech Analytics for Financial Institutions

GreyLabs Secures ~₹85 Crore from Elevation Capital & Z47 to Scale Speech Analytics for Financial Institutions

In a significant endorsement of AI’s role in shaping the future of financial services, GreyLabs, a specialized speech-analytics startup, has secured approximately ₹85 crore (around $10-11 million) in a new funding round. The investment was co-led by marquee venture capital firms Elevation Capital and Z47, marking a strong vote of confidence in the startup’s vision to revolutionize how banks, insurance companies, and other financial institutions handle and learn from customer interactions.

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