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News on Medial
Fire breaks out in BharatPe's Malviya Nagar warehouse
Money Control
·
2y ago
Medial
A fire incident occurred at BharatPe's warehouse in Malviya Nagar. The startup, which provides financial services to merchants, experienced the fire outbreak, leading to damage and destruction of goods. The prompt response of the fire department helped in controlling the fire and preventing further damage. The incident highlights the challenges and risks associated with warehouse operations in the startup ecosystem. Swipe machines, soundboxes and other company material worth Rs 50 lakh damaged in fire
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Udaan's Amod Malviya and Rishi Kedia launch new startup Pre6
Entrackr
·
7m ago
Medial
Udaan's Amod Malviya and Rishi Kedia launch new startup Pre6. Malviya and Kedia announced Pre6 on LinkedIn. However, the duo did not disclose much about the new company, which will be based out of Bengaluru. Entrackr has reached out to Malviya and Kedia for more information.
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Fire breaks out at Tata Electronics factory in TN; none injured
YourStory
·
10m ago
Medial
A fire broke out at the chemical godown of Tata Electronics Pvt Ltd in Krishnagiri district, Tamil Nadu. Thankfully, there were no casualties or injuries reported. Firefighters from Hosur and nearby districts battled the flames for several hours before extinguishing them. Eleven workers near the accident site suffered from suffocation and were treated at a hospital. The cause of the fire is under investigation. Tata Electronics assured that all employees are safe and measures will be taken to safeguard their interests. The company specializes in manufacturing precision components.
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Air India's Ahmedabad-London plane with 242 passengers crashes in residential area in Gujarat
Economic Times
·
1m ago
Medial
An Air India plane carrying 242 passengers crashed in a residential area of Ahmedabad's Meghani Nagar while attempting to land, as confirmed by the State Police Control Room. Emergency responders, including the fire brigade, were dispatched to the crash site. Roads leading to the area were closed to facilitate rescue operations.
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Tata iPhone Plant Fire: Anodising Plant Likely Source, Finds Probe
Inc42
·
10m ago
Medial
- Fire broke out in the anodising plant due to a thermostat control failure. - Anodising facility was completely destroyed as the fire spread through the air duct. - Probe report has been shared with Tata Electronics executives. - iPhone plant operations were disrupted due to the fire. - Apple sent a supplier responsibility team to assess the situation and guide the contract manufacturer.
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Tata To Partially Restart Operations At Fire-Hit iPhone Unit in Hosur
Inc42
·
10m ago
Medial
- Tata Electronics to resume operations at fire-hit iPhone facility in Hosur, Tamil Nadu. - A major fire broke out at the Tata Electronics' iPhone plant last week. - Production at the facility was suspended indefinitely following the fire incident. - Apple has sent a supplier responsibility team to assess the situation and provide guidance to the contract manufacturer. - Tata Electronics is now working on restoring and reopening the facility.
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Blinkit rolls out large order fleet in Delhi and Gurugram
YourStory
·
7m ago
Medial
Blinkit, Zomato's quick commerce arm, has introduced an all-electric large order fleet in Delhi and Gurugram, designed for electronics and party essentials. Founder and CEO Albinder Dhindsa announced plans to expand this service to more cities. Recently, Blinkit also launched in Jammu, currently serving areas like Trikuta Nagar, Roop Nagar, and Akhnoor Road, reinforcing its commitment to quick and reliable deliveries.
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Tata Electronics Gets Show Cause Notice Over iPhone Plant Fire
Inc42
·
9m ago
Medial
The Tamil Nadu government has issued a show cause notice to Tata Electronics after a major fire broke out at its iPhone manufacturing plant in Hosur last month. The fire disrupted operations at the plant, and Apple sent a Supplier Responsibility team to assess the situation and provide guidance to the contract manufacturer.
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Ashneer's lawyer apologises in court for his post revealing BharatPe's funding info
Money Control
·
1y ago
Medial
BharatPe's ex-MD Ashneer Grover's lawyer apologised on behalf of his client in court for a post revealing BharatPe's confidential funding details, Moneycontrol reported. The lawyer also gave an undertaking that Ashneer will not do such a thing in the future. Ashneer had shared the now-deleted post on X after he and his wife were stopped from flying to New York.
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Blinkit expands to Jammu. Here's where it will deliver
YourStory
·
7m ago
Medial
Blinkit, a quick commerce platform, has launched operations in Jammu, with three stores now serving areas like Trikuta Nagar and Roop Nagar. Founder and CEO Albinder Dhinsa expressed enthusiasm about bringing quick delivery to these regions. This expansion comes amid growing competition among quick commerce players including Zepto and Swiggy Instamart. Blinkit recently appointed Vipin Kapooria as CFO to bolster financial operations. India's quick commerce market is valued at $3.34 billion, with substantial growth potential.
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Fire at Shiprocket’s warehouse impacts over 60 brands
Entrackr
·
8m ago
Medial
A devastating fire at Shiprocket's warehouse in Bhiwandi, Maharashtra, caused significant damage last Thursday, affecting at least 61 brands including Sugar, mCaffeine, and Beastlive. The logistics company, which provides supply chain solutions to over 1.5 lakh active businesses, reported goods worth hundreds of crores were destroyed. A Shiprocket spokesperson confirmed the incident, emphasizing that no human lives were endangered and that they are fully cooperating with authorities to investigate the cause. The Zomato-backed unicorn, which turned profitable in 2022, is now focused on understanding the circumstances and ensuring business continuity for affected partners and customers.
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