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On July 5, the Alibaba Group affiliate business sold 3.73 Cr shares of the fintech giant through open-market transactions for INR 3,980.7 Cr, a day after rumours circulated that Antfin was seeking to sell its remaining interest in Paytm. Societe Generale, My Asian Fund Among Key Buyers
In 2019, Z47 made their initial investment of INR 107 crore in Ola Electric. The AI startup Krutrim and the ride-hailing company Ola Cabs are also owned by the venture capital fund. Z47 and Tiger Global’s Exit Strategy In October of last year, ET revealed that Z47 is reducing
As part of a significant reorganisation, ClearTax has laid off 25% of its workforce, with new hires being among the most affected. Two months after being employed in June, the software developers were let go on August 1st, according to multiple “OpenToWork” and “LaidOff” profiles on LinkedIn. IIT Graduates Laid
Genie 3, a revolutionary development in AI-powered world models, was recently unveiled by Google DeepMind. With just one text prompt, this latest version can instantly produce dynamic, highly complex 3D environments. It will remember where you left off this time. A major advancement in simulations, agent training, and generative media,
As part of a significant restructuring of its audio division, Amazon is closing its Wondery podcast studio and laying off some 110 employees, according to Bloomberg News. In light of industry-wide difficulties, the move represents the tech giant's strategic shift away from its initial podcasting goals. As current
Taiwan Semiconductor Manufacturing Co. reported on 5 August that it has found possible trade secret leaks as a result of "unauthorised activities". The largest semiconductor maker in the world informed CNBC that it has initiated legal action and taken "strict" disciplinary action against the concerned staff.
For many infractions of insurance regulations, insurtech giant Policybazaar was fined INR 5 Cr by the Insurance Regulatory and Development Authority of India (IRDAI). The infractions pertaining to unclear outsourcing contracts with insurers were also listed in the IRDAI order. Lack of Transparency in Outsourcing Deals Raises Red Flags Large
The National Payments Corporation of India (NPCI) and digital payment companies Google Pay, PhonePe, and Amazon Pay have requested an exemption from the provisions of the Digital Personal Data Protection (DPDP) Act that demand user consent for every transaction, claiming that doing so would be excessively burdensome, according to ET.
This year, Capgemini India expects to hire between 40,000 and 45,000 people, despite mounting concerns about hiring in the information technology (IT) sector. Between 35 and 40% of these will be lateral hiring, CEO Ashwin Yardi told the Hindu Business Line. The number of projects being routed to
In order to acquire money through an initial public offering (IPO), Tata Capital, the main financial services provider for the Tata Group, has submitted draft documents to SEBI, the capital markets regulator. The IPO's entire offer size is 47.58 crore shares, of which 21 crore will be
With a renewed emphasis on making it easier for big businesses to conduct business, the Securities and Exchange Board of India (SEBI) on 7 August recommended significant modifications to its related party transaction (RPT) system. A substantial revision of materiality requirements is suggested in the capital markets regulator's
The foodtech giant Swiggy has launched DeskEats, a new product created especially to serve Indian working people. According to a statement from the company, the offering is currently accessible in over 7,000 tech parks, business centres, and corporate complexes spread across 30 cities, including Delhi, Mumbai, Bengaluru, Chennai, Gurugram,
India's auto industry is clearly changing due to trends in urban consumption, fiscal consolidation, and unequal rural recovery. With trends shifting every quarter, the third-largest auto market in the world is also one of the most volatile. According to a recent study, the first quarter of FY 2025–
According to various media reports, Atlassian co-founder and billionaire CEO Mike Cannon-Brookes told employees via pre-recorded video message last week that the firm would eliminate 150 employees from its workforce. According to a Sky News story, the message was delivered early on July 30 and showed the 45-year-old software tycoon
In what he described as a period of "extraordinary investment," Google CEO Sundar Pichai has challenged staff to increase productivity and efficiency as the company doubles down on artificial intelligence. Pichai stated that the corporation must adjust to the AI transition without a corresponding increase in staff during
After 50 years, the Indian Postal Department has announced that its renowned Registered Post service will be discontinued. In order to modernise operations, the service will be phased down starting on September 1, 2025, as part of a strategic integration with Speed Post. Impact on Users: Cost, Convenience, and Concerns
In response to an ongoing antitrust investigation by the Competition Commission of India (CCI) into the tech giant's alleged abuse of dominance in the real-money gaming (RMG) ecosystem, Google has recommended adjustments to its Play Store and advertising standards for a greater number of RMG apps in India.
The government has been urged by the Cellular Operators Association of India (COAI) to establish a formal regulatory framework for over-the-top (OTT) communication platforms like Signal, Telegram, and WhatsApp. COAI claimed in a statement that these platforms are the "weakest link" in the nation's communication security,
Transactions over the Unified Payments Interface (UPI) increased 5.8% to reach a new all-time high of 19.47 billion in July. Year-over-year (YoY), the number of transactions increased by 35%. The number of transactions decreased to 18.40 billion in June. Transaction Value Rises to INR 25.08 Lakh
The current inquiry by the Enforcement Directorate (ED) into claims of financial irregularities in the Anil Ambani Group has been stepped up. According to NDTV Profit, the corporation has also started an investigation into the INR 68.2 crore Anil Ambani fresh probe issue. On the evening of July 28,
According to directives issued by the National Payments Corporation of India (NPCI), a new set of UPI regulations went into effect today, August 1, 2025. The purpose of today's UPI regulation amendments is to enhance the functionality of the online payment system. If you use PhonePe, Google Pay,
With the goal of making the state the "Quantum Capital of Asia" and establishing a $20 billion quantum economy by 2035, the Karnataka government has started the INR 1,000 Cr Quantum Mission. According to the ET, Chief Minister Siddaramaiah stated that a Quantum Technology Task Force will
A software developer from Bengaluru has been taken into custody on suspicion of taking part in a huge cryptocurrency theft that targeted CoinDCX, a well-known Indian exchange, and cost INR 379 crore. Neblio Technologies, the parent firm of CoinDCX, submitted an official complaint, according to police, which prompted the breakthrough.
The Electronics Component Manufacturing Scheme (ECMS) application window deadline has been extended by the Centre until September 30. Applications under ECMS were previously due on July 31, 2025. According to a Ministry of Electronics and Information Technology (MeitY) notification, Ashwini Vaishnaw, the minister of IT, approved the adjustment. INR 8,