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According to reports, Mumbai-based fintech PayNearby intends to do an initial public offering (IPO) within the upcoming fiscal year in order to support its growth. Anand Kumar Bajaj, the CEO and managing director of PayNearby, told Reuters that the company is now choosing a merchant banker for the initial public
Later this year, OpenAI, the parent company of ChatGPT, plans to create its first corporate office in India. The artificial intelligence company's official presence in a significant growing market will be established by the New Delhi office. In a statement released on 22 August, OpenAI announced that it
Shortly after the Indian government's online gaming bill was approved by both Houses of Parliament, India's leading real money gaming (RMG) companies, including Dream11 parent company Dream Sports, Gameskraft, Mobile Premier League (MPL), Zupee, and Nazara-backed PokerBaazi, started to stop holding money-related competitions and games on
In the most recent setback to Europe's attempts to gain market share in the electric vehicle industry, a union spokeswoman told AFP on 21 August that Porsche's battery manufacturing company would lay off the majority of its employees. According to IG Metall spokesman Kai Lamparter, the
After making headlines as SpaceX's youngest engineer, a 16-year-old youngster is now entering the banking industry. After joining SpaceX shortly after graduating with a degree in computer science and engineering at the age of 14, Kairan Quazi has chosen to accept a new position with Citadel Securities in
On August 21, Wipro, the Bengaluru-based IT business said that it would pay up to $375 million to Harman International Industries for a 100% stake in Harman Connected Services Inc. (DTS) and its subsidiaries, as well as some other assets. Subject to US antitrust clearances and other regulatory approvals, the
The Central Consumer Protection Authority (CCPA) has ordered Rapido (Roppen Transportation Services Pvt. Ltd.) to pay a penalty of INR 10 lakh for printing deceptive advertisements and engaging in unfair trade practices, in a move to defend consumer rights. Misleading ‘Auto in 5 Min’ Promotion Explained The Authority has additionally
Days after CEO Chuck Robbins publicly rejected the idea of laying off employees to make room for artificial intelligence, Cisco Systems announced a new wave of layoffs, removing 157 positions in California. The action has drawn legal attention, which has made the company's attempts to strike a balance
According to an official announcement cited by news agency PTI, billionaire Elon Musk's satellite internet service business Starlink would use Aadhaar authentication to validate Indian consumers before onboarding them. Starlink has been given permission by the government to start providing satellite-based broadband services domestically. As per the release,
According to a New Indian Express story, the Union of IT & ITES Employees (UNITE) protested Tata Consultancy Services (TCS) on 19 August in a number of Indian cities, claiming that almost 30,000 workers may be impacted by current layoffs. TCS, however, has denied the allegation, stating that the
According to reports, the Karnataka legislative assembly passed a bill that will open the door for the establishment of a gig worker welfare fund. The Karnataka Platform-Based Gig Workers (Social Security and Welfare) Bill, 2025, seeks to create a welfare board and safeguard workers' rights, according to news agency
According to reports, Cupertino-based tech giant Apple intends to increase manufacturing of its iPhone 17 at all five of its Indian factories, including the two that were just added. According to a Bloomberg story, the business is expanding its iPhone production in India in an effort to reduce its reliance
AT&T CEO John Stankey is enforcing a market-based mentality by combining help-desk centres and requiring managers to relocate to six hubs or risk losing their jobs. As part of a massive workplace reorganisation, AT&T is forcing more of its managers to transfer or face severance. CEO
On 19 August, Punjab National Bank said that it has chosen the domain name bank.in and that, instead of using the current www.pnb.co.in, its website will now be www.pnb.bank.in. PNB Strengthens Digital Security “In accordance with the RBI circular on 'Migration to
In a consultation paper published on August 18, the Securities and Exchange Board of India (SEBI) suggested expanding the flexibility of minimum public shareholding (MPS) and minimum public offer (MPO) for businesses looking to list with the goal of "simplifying fundraising by issuers in India". Key Highlights from
According to various media reports, Captain Fresh, a B2B seafood firm, has pre-filed its DRHP for a $400 million (about INR 3,400 crore) IPO through the secret route. As per reports, the IPO will include an offer for sale of $150 million to $200 million (about INR 1,300
For consumers in India only, OpenAI has launched a new subscription package called ChatGPT Go. This package, which costs INR 399 a month, is one of the most economical options offered by the company and is intended to give more people access to the well-liked ChatGPT services at a lower
Approximately 10% of Oracle's Indian workforce was let go by the American computer giant, Oracle, overnight, leaving dozens of talented individuals without jobs. Although the business has officially stated that the cuts were due to "restructuring", industry observers are connecting the action to a change in
According to various media reports, the smartphone giant Apple has rented approximately 2.7 lakh square feet of office space in Bengaluru for ten years, with a total outlay of approximately INR 1,010 crore for the duration, which includes rent, parking, and maintenance. The iPhone manufacturer will pay a
In the third round, the IndiaAI Mission plans to add over 3,850 graphics processing units (GPUs) to increase its GPU capabilities. Abhishek Singh, the chief executive of the IndiaAI Mission, was quoted in an ET report as saying that IndiaAI possesses 1,050 Google Trillium tensor processing units (TPUs)
Samsung, a key player in the Korean electronics industry, has now extended its "Make in India" campaign by producing laptops domestically in India, following the launch of smartphones. Samsung’s Noida Facility: Expanding From Smartphones to Laptops According to a Times Now article, the laptops are put together
It looks like Bharti Airtel is adding more bundled digital services for its Indian consumers. According to reports, the telecom operator has extended its collaboration with Apple, which was previously restricted to postpaid and broadband consumers, by providing free access to Apple Music for its prepaid customers. The action was
The House of Abhinandan Lodha has partnered with Zepto, a quick commerce platform, to reportedly provide land plots in ten minutes. In a recent advertising campaign, the real estate player revealed the partnership. The commercial, which was released during the Janamasthami festival, features expansive land plots and concludes with a
Microsoft may soon ask workers to spend more time in the office as it prepares to tighten its hybrid work policies. A Business Insider story claims that the tech giant intends to implement a new attendance requirement as early as January; however, specific dates may differ depending on where its