Uber Riders Can Now Earn Flipkart SuperCoins on Every Eligible Ride

Flipkart, India’s homegrown e-commerce marketplace, today announced a partnership with Uber, one of India’s leading mobility platforms, that allows users to earn SuperCoins on every eligible Uber ride. This initiative advances SuperCoins into a lifestyle loyalty program, allowing users to earn on their daily commute while furthering Flipkart’s vision of building a rewards program akin to India’s loyalty ecosystem; for Uber it adds incremental value to everyday mobility.

• Flipkart users can earn 4% SuperCoins on eligible Uber rides
• Combining Flipkart and Uber’s nationwide reach, this unified rewards ecosystem democratizes value for all Indian consumers
• Rewards can be used across Flipkart, Cleartrip and partners
• Expands SuperCoins into everyday use cases beyond shopping

By linking their Flipkart and Uber accounts, users can earn 4% of their fare as SuperCoins on every eligible ride, up to 150 coins per trip, with no cap on total earnings. These SuperCoins are credited directly to the user’s Flipkart account and can be redeemed across the Flipkart ecosystem, including Flipkart Minutes, Cleartrip and partner offerings.

This collaboration features limited-time incentives wherein new Uber users, or those who haven’t utilized the app in the last 84 days, can earn 150 bonus SuperCoins by completing their first ride within 28 days of linking accounts. Additionally, users who link their Flipkart and Uber accounts between April 15 and April 30, 2026, and complete their first ride within 28 days, can earn an additional 50 bonus SuperCoins.

Commenting on the partnership, Gaurav Arora, Vice President, Payments and SuperCoins at Flipkart, said, “SuperCoins is evolving into a broader rewards layer across everyday use cases. Mobility is a natural extension, and this partnership with Uber allows us to integrate more seamlessly into how customers transact daily. Over time, we will continue expanding SuperCoins across categories to drive deeper engagement across the ecosystem.”

Arnab Kumar, Director Business Development, Uber India and South Asia, said, “At Uber, we are focused on making everyday mobility more seamless and valuable for our users. This integration with Flipkart allows us to extend additional benefits to riders in a simple and intuitive way, while building on how users engage with everyday services across platforms."

This partnership brings together two high-frequency consumer platforms, extending rewards into everyday use cases like mobility. It reflects a broader shift towards integrating value more seamlessly into how users engage across categories.

About the Flipkart Group

The Flipkart Group is one of India’s leading digital commerce entities with a strong technology-first foundation and includes group companies Flipkart, Myntra, Flipkart Wholesale, Cleartrip, and super.money. Established in 2007, Flipkart has enabled millions of sellers, merchants, and small businesses to participate in India's digital commerce revolution. With a registered user base of more than 500 million, Flipkart’s marketplace offers over 150 million products across 80+ categories. Today, there are over 1.4 million sellers on the platform, including Shopsy sellers. With a focus on empowering and delighting every Indian by delivering value through technology and innovation, Flipkart has pioneered services such as Cash on Delivery, No Cost EMI, Easy Returns, and UPI payments. Beyond shopping, Flipkart continues to create jobs, empower entrepreneurs, and strengthen India’s digital economy.

About Uber

Uber came to India in 2013 with a simple promise: press a button, get a ride. Over a decade later, Uber is live in more than 125 cities and has become #IndiaKiRide - helping millions move the way they need to, every day. From Bikes and Autos to Cars, Metros, and even Buses, Uber brings together India’s diverse mobility options on a single app. Whether it’s a short trip across town or a journey between cities, with a single swipe Uber makes everyday mobility seamless for millions - while enabling more than 1.5 million Indians to earn a sustainable income behind the wheel. As we continue to reimagine how the world moves for the better, our ambition keeps expanding, and our commitment remains unwavering: to keep India moving forward.

Financial Intelligence Unit–India and Pension Fund Regulatory and Development Authority Sign MoU to Strengthen India’s Fight Against Money Laundering

In a significant step towards bolstering India’s defences against money laundering and financial crimes, the Financial Intelligence Unit–India (FIU‑IND) and the Pension Fund Regulatory and Development Authority (PFRDA) have signed a comprehensive Memorandum of Understanding (MoU) to enhance information sharing and coordination.

The MoU was signed by Shri Amit Mohan Govil, Director, FIU‑IND, and Shri Randip Singh Jagpal, Whole Time Member, PFRDA, in the presence of Shri Sivasubramanian Ramann, Chairperson, PFRDA.

Key Objectives of the MoU

• Capacity Building: Joint outreach and training programmes for regulated/reporting entities, focusing on strengthening Anti‑Money Laundering and Combating Financing of Terrorism (AML/CFT) capabilities.
• International Alignment: Ensuring compliance with global standards and facilitating exchange of information with foreign FIUs under the Egmont Principles of Information Exchange.
• Risk Assessment: Identifying and assessing Money Laundering and Terror Financing (ML/TF) risks and vulnerabilities across financial sub‑sectors.
• Red Flag Indicators: Developing and disseminating indicators for suspicious transactions.
• Compliance Monitoring: Supervising and monitoring reporting entities’ adherence to obligations under the Prevention of Money Laundering Act (PMLA), PML Rules, and PFRDA guidelines.
• Regular Coordination: Designation of nodal officers and quarterly meetings to deliberate on issues of mutual interest.

About FIU‑IND

The Financial Intelligence Unit–India is the central national agency responsible for receiving, processing, analyzing, and disseminating information on suspect financial transactions. It plays a pivotal role in coordinating efforts against money laundering and financing of terrorism.

About PFRDA

The Pension Fund Regulatory and Development Authority, established under the PFRDA Act, 2013, regulates, develops, and supervises India’s pension sector. It oversees the National Pension System (NPS) and Atal Pension Yojana (APY), ensuring orderly growth of the pension ecosystem and safeguarding subscriber interests.

Ayurveda Institute’s iCAINE Helps ‘MITE OUT’ Startup Idea Win at MSME Hackathon 5.0

In a strong endorsement of its role as a hub of innovation and entrepreneurship, the All India Institute of Ayurveda (AIIA), through its incubation centre iCAINE, has achieved a significant milestone at the MSME Idea Hackathon 5.0.

AIIA, the sole Host Institute under the Ministry of Ayush dedicated exclusively to advancing the Ayurveda sector, has successfully supported the selection of a startup idea titled “MITE OUT: A Dual‑Action Non‑Invasive Device for Safe Extraction of Myiasis Larvae in Livestock” (Ref. No.: IDEADL033172), developed by Anneasa Manna and team.

What This Means

• The MSME Idea Hackathon 5.0 encourages students, innovators, and early‑stage entrepreneurs to present high‑potential ideas.
• Selected ideas receive financial assistance of up to ₹15 lakh, along with structured mentorship and incubation support.
• AIIA, through iCAINE, provides end‑to‑end incubation support including technical mentorship, validation, infrastructure access, and strategic guidance.

The startup idea “MITE OUT” is a breakthrough veterinary device designed to safely and non‑invasively remove myiasis larvae (parasitic maggots) from livestock, reducing pain, infection risk, and economic losses for farmers. It merges biomedical engineering with traditional Ayurvedic principles to create a dual‑action solution for animal health.  

What MITE OUT Is

• Type: Startup idea (not yet a full startup)
• Innovation: A dual‑action, non‑invasive device
• Purpose: Safe extraction of myiasis larvae (parasitic maggots) from livestock
• Developed by: Anneasa Manna and team
• Selected under: AIIA–iCAINE at the MSME Idea Hackathon 5.0. 

MITE OUT is a selected startup idea that tackles a critical veterinary challenge. By offering a safe, non‑invasive way to remove harmful larvae from livestock, it helps farmers protect animal health, reduce losses, and improve productivity. Its recognition at MSME Hackathon 5.0 highlights how India’s innovation ecosystem is empowering early‑stage ideas to evolve into impactful enterprises.

Prof. P.K. Prajapati, Director, AIIA, said “This achievement reflects AIIA’s commitment to fostering innovation within the Ayurveda ecosystem. Through iCAINE, we are creating a platform to translate novel ideas into impactful, scalable solutions that contribute to national development and global healthcare advancement.”

Dr. Shivakumar Harthi, In‑charge, AIIA–iCAINE, said, “The selection of ‘MITE OUT’ is a testament to the strength of our incubation ecosystem. We aim to empower innovators with mentorship, infrastructure, and strategic direction to transform ideas into successful enterprises.”

Why It Matters

• Highlights the ingenuity of the innovator and the robust incubation framework fostered by AIIA.
• Strengthens India’s innovation ecosystem by supporting high‑impact ideas.
• Contributes to economic growth, employment generation, and technological advancement.

With its continued commitment, AIIA—through iCAINE—is steadily emerging as a powerhouse of innovation, empowering ideas, enabling startups, and shaping the future of healthcare and allied sectors in India.

DoT–SEBI Ink MoU to Tackle Telecom‑Linked Market Frauds

India’s Department of Telecommunications (DoT) and the Securities and Exchange Board of India (SEBI) have signed a landmark MoU on April 15, 2026, to combat telecom‑linked securities frauds. The agreement enables real‑time data sharing through DoT’s Digital Intelligence Platform, aiming to protect investors and strengthen trust in India’s digital financial ecosystem.

Key Highlights of the MoU

• Date Signed: April 15, 2026
• Signatories: Shri Sanjeev Kumar Sharma (DoT), Shri Sandip Pradhan (SEBI), in presence of Shri Deb Kumar Chakrabarti
• Platform Used: DoT’s Digital Intelligence Platform (DIP), connecting 1,400+ stakeholders

Provisions of the Partnership

• Financial Fraud Risk Indicator (FRI): Shared by DoT with SEBI to flag suspicious mobile numbers linked to fraud.
• Mobile Number Revocation List (MNRL): Automatically shared with SEBI‑regulated entities to ensure valid mobile connections for investor accounts.
• Reciprocal Data Sharing: SEBI will provide inputs on telecom resources tied to accounts involved in cyber fraud or impersonation.
• Integration with Chakshu (Sanchar Saathi): Builds on DoT’s fraud‑detection system that disconnected 88 lakh fraudulent mobile connections and prevented ₹2,300 crore losses in 10 months.

Why This Matters

• Proactive Prevention: Shifts India’s regulatory framework from reactive enforcement to proactive fraud detection.
• Investor Protection: Enhances trust in India’s fast‑growing digital investment ecosystem.
• Institutional Synergy: Strengthens cooperation between telecom and financial regulators.
• Global Significance: Positions India as a leader in integrating telecom intelligence with financial regulation.

Wider Implications

• For Investors: Greater assurance that mobile numbers tied to trading accounts are genuine.
• For Regulators: A model for cross‑sector collaboration, extendable to banking and insurance fraud detection.
• For India’s Digital Economy: Reinforces credibility amid surging fintech adoption and retail market participation.

Summary: The DoT–SEBI MoU is a strategic step to safeguard India’s financial ecosystem, combining telecom intelligence with securities market oversight. It promises early detection of fraud, stronger investor protection, and enhanced trust in India’s digital economy.

Rubicon Expands India Presence with Arinna Acquisition, Eyes Deep CNS Market

Rubicon Research Limited (“Rubicon” or the “Company”) today announced the acquisition of an 85% equity ownership in Arinna Lifesciences Limited (“Arinna”) from its current shareholders.

Mr. Parag Sancheti, Chief Executive Officer, Rubicon Research Limited

With a portfolio of over 60 brands in chronic therapies, Arinna is one of the few domestic formulations companies principally focused on drugs treating conditions of the central nervous system (“CNS”) with more than 4,000 prescribers backed by an established distribution network of distributors, stockists and retail pharmacies in India.

This acquisition furthers Rubicon’s strategy of leveraging its IP and chronic products portfolio to unlock growth in key markets, particularly in the CNS therapeutic category which has always been a core focus area for Rubicon. Arinna’s sales and distribution network provides Rubicon access to patients and prescribers in India for its differentiated offerings, including a strong pipeline of specialty products and drug-device combinations.

Commenting on the acquisition, Parag Sancheti, Rubicon’s Chief Executive Officer said “The past decade has demonstrated the effectiveness of Rubicon’s playbook of R&D innovation, execution rigor and impeccable compliance standards which enabled us to scale our US revenues by over 32 x from FY15 to FY25 while delivering best-in-class return ratios. Arinna now provides us a launchpad for deploying this playbook in the Indian domestic formulations market. Strategic M&A has always been integral to Rubicon’s strategy and our confidence stems from having successfully integrated and scaled acquisitions to foray into new segments such as US branded specialty in 2024 and nasal products development in 2020. I am pleased to welcome Vivek and the Arinna team to the Rubicon family.”

The transaction values Arinna at an enterprise value of INR 200 Crores on a cash and debt free basis. After accounting for net cash and other necessary adjustments to the enterprise value of Arinna, the purchase consideration has been determined to be approximately INR 175.92 Crores for secondary acquisition of 85% equity shareholding at a price of INR 158.53 per share. The final consideration remains subject to adjustments on the closing date, if any. For the 9 months ended 31 December 2025, Arinna’s provisional revenue and EBITDA were INR 56.7 Crores and 9.5 Crores respectively.

The transaction is expected to close within 30 days upon satisfaction of agreed conditions precedent. Arinna’s founder Vivek Seth will retain a 15% ownership interest and continue as Arinna’s Managing Director.

About Rubicon Research Limited

Rubicon Research Limited is an integrated pharmaceutical company focused on the development, manufacturing, and commercialization of differentiated pharmaceutical products. Established in 1999, Rubicon has evolved from a contract development services organization into a vertically integrated pharmaceutical platform encompassing research and development, CDMO capabilities, and branded and generic product commercialization.

Rubicon currently has a portfolio of 80+ pharmaceutical products across multiple therapeutic areas, including a meaningful portfolio of CNS products. The company operates globally inspected manufacturing facilities in India regulated by authorities including the U.S. Food and Drug Administration, UK MHRA, and Australian TGA. Rubicon also maintains a strong R&D organization of over 200 scientists across development centres in Mumbai and Toronto, reflecting deep formulation expertise and a strong focus on differentiated drug delivery technologies.

Rubicon is a public company, listed on the National Stock Exchange of India and BSE Limited.