NEXUS 5
Nexus Select Trust’s Q2 NOI rises 8% to Rs 504 cr, consumption up 13%
Nexus Select Trust reported an 8% year-on-year increase in net operating income for the second quarter. The company's retail assets experienced a 13% rise in consumption compared to the previous year. Nexus declared a distribution of Rs 359 crore, maintaining a 100% payout to unitholders for 13 consecutive quarters. The firm is expanding its portfolio with plans to develop a Grade-A mall and hotel in Guwahati.
Six arrested for financial fraud using mule accounts, suspected Pakistan Intelligence links
Preliminary investigation revealed that an SBI bank account belonging to FIR-named accused Marjina Begum of Ganesh Nagar, PS-Chandmari, Guwahati, had received credits amounting to lakhs of rupees within just 47 days, between 22 June and 5 August 2026. It was further observed that the amounts credited to the account were withdrawn almost immediately after each deposit, indicating a suspicious pattern of financial transactions.
Urban Company's Q2 loss triples on InstaHelp burn; CEO Bhal says ready to 'respond in full' to rivals
With competition in the instant househelp segment remaining intense, InstaHelp's post-discount average order value (AOV) fell about 12% to Rs 118 in the September quarter from Rs 134 in the June quarter. Urban Company competes with Nexus Venture Partners-backed Snabbit and General Catalyst-backed Pronto in the instant househelp segment, and both rivals have raised large sums this year.
Snabbit reports net loss of Rs 168 crore, revenue of Rs 12 crore in FY26
Backed by investors including Nexus Venture Partners, Elevation Capital and Lightspeed, the Bengaluru-based company started operations in August 2024, making FY26 its first full year of operations.
Groww Q2 profit jumps; Hocco eyes big funding scoop
Groww reported strong quarterly earnings in the July-September period. This and more in today’s ETtech Top 5.
Tesla expands NCR footprint with new Noida experience centre after Delhi and Gurugram
Tesla has launched its third Experience Center in the National Capital Region, located in Noida's Sector 98. This facility allows local residents to view Tesla models, test drive vehicles, and place orders. The center will showcase the Model Y Premium Rear-Wheel Drive and the Model Y L with significant storage capacity. Financing options for both models include down payments and monthly EMIs based on a seven-year tenor.
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18 Bangladeshi nationals apprehended in Guwahati in last 24 hours
Assam Police apprehended 18 Bangladeshi nationals in separate operations in Guwahati over the past 24 hours, including five intercepted at the railway station and 13 found at a hotel. Police said the individuals had entered India illegally and were staying or travelling without valid documents, with legal proceedings initiated for their expulsion.
Prosus steps up India fintech bets with Kiwi, Oolka funding talks
Prosus has held exploratory talks to invest in Kiwi, which offers bank-issued RuPay credit cards and credit lines for Unified Payments Interface (UPI) payments and is looking to raise around $40 million, the people said. ET reported last week that Kiwi was in the market for fresh funding.
Sauce's Manu Chandra on consumer exits; Physical AI's regulation push
Sauce's Manu Chandra said he expects larger exits for investors of India's new-age consumer brands. This and more in today’s ETtech Morning Dispatch.
Fruit seller deposited large amount of cash in bank, got income tax notice of unexplained income; won case in ITAT Bangalore for this reason
In Bangalore, Mr. Ramachandrababu found himself facing an income tax notice over unexplained cash deposits in his bank account. However, his successful appeal to the ITAT Bangalore showcased that these funds were legitimately sourced from agricultural sales. By providing land records, APMC sale bills, and bank statements, he effectively justified his claims and won the case.
ETtech Deals Digest: Ultraviolette leads weekly startup funding of $110 million
The increase was driven by Ultraviolette, which accounted for more than three-fourths of the capital raised during the week. Late-stage deals made up 77.3% of the funding, while seed-stage and early-stage rounds accounted for 14.9% and 7.8%, respectively.
Snapdeal parent AceVector’s IPO opens for subscription: Key things to know
The AceVector IPO will remain open for subscription until September 29. The companyraised Rs 189 crorefrom anchor investors on September 24. Domestic investors, including Helios Mutual Fund, Singularity Growth and Alchemy Capital, participated in the round.
NFO Insight: Motilal Oswal Nifty REITs & Realty Index Fund opens for subscription. Is now the right time to invest in realty?
Motilal Oswal Mutual Fund has launched the Nifty REITs & Realty Index Fund, which will be accepting subscriptions until October 9. This innovative fund seeks to give investors access to listed REITs and real estate firms using an index-focused strategy. Given the absence of historical performance data for new funds, experts suggest exercising caution.
Snapdeal IPO: GMP, price band among 10 things to know about AceVector public offer
AceVector, the parent company of Snapdeal, will launch its IPO on September 25 with a price band of Rs 30–32 per share. The issue comprises a fresh issue of Rs 287 crore and an OFS of up to 4.16 crore shares. The IPO will close on September 29, with the anchor book opening on September 24.
Banks rethink UPI play; Big Tech's AI pivot dents Indian IT
Happy Wednesday! The return of MDR on UPI is pushing banks to rethink products and budgets. This and more in today’s ETtech Morning Dispatch.
Spinny books IPO ride; UPI subsidies may end
Spinny has confidentially filed for its initial public offering. This and more in today’s ETtech Top 5.
Snapdeal parent AceVector to launch IPO on September 25, seeks Rs 1,741-crore valuation
AceVector is raising Rs 287 crore in fresh capital through the IPO, while investors, including SoftBank, Nexus Venture Partners and Foxconn, are selling shares worth Rs 133 crore through the offer-for-sale component.
SoftBank-backed AceVector's Rs 420-cr IPO to open on Sep 25; sets price band at Rs 30-32/share
AceVector Ltd has set its initial public offering price band at Rs 30-32 per share. The company's Rs 420-crore IPO will open for public subscription on September 25. This offering includes a fresh issue and an offer-for-sale by existing shareholders. AceVector operates a digital commerce ecosystem which includes Snapdeal and Unicommerce. The company is scheduled to debut on the stock market on October 5.
Inside Furlenco’s IPO; Moneyview investors make bank
Happy Tuesday! Furlenco is heading to Dalal Street for a potential Rs 1,200 crore IPO. This and more in today’s ETtech Morning Dispatch.
SS Retail IPO Day 2; GMP at 19%, subscribed 5.78 times; Check key details
SS Retail’s Rs 500 crore IPO entered its second day after being subscribed 5.78 times on Day 1, led by strong retail demand. The issue’s current GMP indicates a potential listing gain of around 19%.
Nexus Select Trust enters Northeast with Rs 1,600-crore Guwahati mall, Hyatt Regency deal
Nexus Select Trust is entering Northeast India with a Rs 1,600-crore acquisition of a 100% stake in the upcoming Galaxy Complex in Guwahati. The project will comprise a 0.5 million sq ft Grade-A mall and a 164-key Hyatt Regency hotel, strengthening Nexus’ expansion strategy across East and Northeast markets.
Nexus Select Trust to acquire Galaxy Infra Creations for Rs 1,600 crore
Nexus Select Trust is set to enter the thriving consumption markets of northeast India with the acquisition of a shopping mall and a Hyatt Regency Hotel in Guwahati for Rs 1,600 crore. This notable transaction includes a 164-key hotel and a retail space, both currently under construction, with Nexus poised to manage operations following the completion and necessary approvals.
Google’s new Nexus: Will it be able to compete with iPhone 6S and Galaxy S6?
The Nexus 5X is likely to come with a 13MP rear camera. The rumours suggest the Nexus 5X will come with a 2,700mAh battery capacity.
ET Review: Google Nexus 5
The Nexus 5 continues this legacy being the first device to come preloaded with the latest Android version 4.4.
Google's Nexus 5 phone makes Indian debut; sold out within hours
Shortly after the devices went on sale, the Google Play store displays the message: "We are out of stock. Please check back soon."
Google's Nexus 5, Nexus 7 hit Indian shores
Smartphone enthusiasts can now buy the latest Nexus 5 and the Nexus 7 in India from the Google stable in India, priced Rs 28,999 onwards.
Google starts selling Nexus 5, new Nexus 7 in India
Finally, you can buy Nexus 5, the official Google Android phone, and the new Nexus 7 with FullHD screen in India.
Google Nexus 5 smartphone to sell at a starting price of Rs 28,999 in India
According to the internet giant's Play Store, the Nexus 5 will be available for sale soon. The 32 GB version of the smartphone will sell at Rs 32,999.
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