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Dream Sports, the parent business of the fantasy sports website Dream11, has shifted its headquarters from the US to India. With this, it has become the first modern corporation to take advantage of a law change that was implemented last year. The US-based company Dream Sports Inc. has reverse-flipped by
On 30 March, Vodafone Idea (Vi) announced that the government would increase its ownership of the struggling telecom carrier from 22.6% to around 49%. The government will achieve this goal by converting its outstanding spectrum auction dues into equity shares valued at INR 36,950 crore. Currently, the major
A former employee of the fintech business MobiKwik allegedly altered merchant details to cheat the company out of INR 1.26 Cr. The company said in an exchange filing that Gaurav Sharma, the former employee, diverted the money from its books between August 2023 and September 2024. The company'
JungleWorks has acquired Outplay, an AI-based SaaS firm, amid the world's rising adoption of AI. According to Laxman Papineni, cofounder and CEO of Outplay, the Florida-based SaaS company purchased the majority of the startup from other investors. JungleWorks was founded in 2011 and runs a no-code hyperlocal delivery
The Karnataka government has funded 1,084 businesses with INR 249 crore in seed money through 21 rounds of the ELEVATE programme. Priyank Kharge, the state's Minister of Biotechnology and Information Technology, disclosed these numbers during a just-concluded event. A grant-in-aid seed-funding programme called ELEVATE was created to
According to media reports, Indira IVF Hospital Ltd., which is funded by EQT, has temporarily cancelled its preparations for its IPO. The decision was taken due to a Bollywood movie about the life of its founder, Ajay Murdia. According to reports, the business, which had initially sought an IPO of
Thousands of inferior products were seized during a series of raids on Amazon and Flipkart warehouses on 27 March by the Bureau of Indian Standards' (BIS) Delhi division. The operation, which lasted more than 15 hours, was conducted at a Flipkart subsidiary warehouse in Trinagar and Amazon's
A former Zomato employee claims in a widely shared Reddit post that the firm unexpectedly and without warning fired over 300 employees, sparking uproar. According to the former worker, who says he was one of those affected, the decision was made based on an "average lateness" of only
In a market with enormous growth potential, the Indian government plans to introduce a new cooperative-based taxi service called "Sahkar Taxi" nationwide as an alternative to well-known ride-hailing services like Ola and Uber. In Parliament on 26 March, Union Minister Amit Shah unveiled the idea, announcing that the
The Reserve Bank of India (RBI) fined HDFC Bank INR 75 lakh after discovering that the bank had not followed certain of the guidelines outlined in the RBI's Know Your Customer (KYC) master guidance. Notably, the RBI is referring to a KYC master circular that was last modified
On March 26, Bharti Airtel declared that its Internet Protocol Television (IPTV) services would be available in India. With some plans, it offers users access to a vast collection of on-demand content from 29 OTT streaming apps, including Netflix, ZEE5, Apple TV+, Amazon Prime Video, and many more. In addition
On March 26, President Donald Trump announced broad plans to impose a 25% tariff on all imported vehicles and light trucks into the United States, with the declaration that the decision would be permanent. Collection will start on April 3 after the tariffs go into force on April 2. "
Out of the 1,200 engineers that Infosys onboarded in October and November, 40 to 45 more trainees were let go after the company came under fire for firing about 400 trainees who didn't perform well in its rigorous assessment. An important internal evaluation that Infosys had planned
Users were unable to complete digital transactions on 26 March's night due to a major technical problem that interrupted Unified Payments Interface (UPI) services throughout India. The National Payments Corporation of India (NPCI), which is in charge of managing UPI operations, admitted to the issue and gave users
A consortium led by TPG, a leading worldwide alternative asset management company, has agreed to buy a 90% share in Siemens Gamesa's onshore wind turbine generator manufacturing operations in Sri Lanka and India. Without revealing the purchase value, Siemens Gamesa stated in a statement that it will keep
With immediate access via UPI and ATMs, the Employees' Provident Fund Organisation (EPFO) plans to implement a significant modification to PF withdrawals. By the end of May or the beginning of June 2025, EPFO members will no longer have to endure drawn-out withdrawal processes. The National Payments Corporation of
The Hyderabad-based spend management solutions provider Zaggle Prepaid Ocean Services Limited has paid INR 15.60 crore to buy a 26% interest in Mobileware Technologies. Additionally, for INR 7.25 crore, Zaggle purchased a 12.34% interest from Mobileware's proprietors, which represents a percentage of the company'
Fresh questions about Ola Electric's approach were raised when a confrontation with vendors, delayed deliveries, and a INR 3,000 crore market rout resulted from an attempt to lower registration fees. Customers who were excitedly anticipating their Ola Electric scooters started to notice an unanticipated delay last month.
To facilitate order placement, broking company Zerodha has added six new capabilities to Kite, its trading and investment platform. In his announcement of the X upgrade, founder and CEO Nithin Kamath highlighted several important improvements, including order slicing, available margin display, a new basket icon, and more. Newly Added Features
BluSmart Mobility has seen several high-profile exits and is currently going through a significant operational reorganisation to strengthen its financial stability. As per the recent reports in the media, its Vice-President Priya Chakravarthy, Chief Business Officer Tushar Garg, Chief Technology Officer Rishabh Sood, and Chief Executive Officer (CEO) Anirudh Arun
The Unified Pension Scheme (UPS) for central government employees will go into effect on April 1, 2025, according to a notification from the Pension Fund Regulatory Authority of India (PFRDA).This implies that central government workers who are now employed and covered by the National Pension Scheme (NPS) as well
In a regulatory statement on 25 March, Ola Electric Technologies Private Limited, a division of Ola Electric Mobility Limited, stated that it had settled its financial disagreements with the Rosmerta Group and that as a result, insolvency proceedings had been withdrawn against it. Earlier insolvency filings against Ola Electric Technologies
India has accused South Korean tech giant Samsung of tax cheating in the purchase of necessary telecom equipment and has imposed a $601 million tax demand on the company. One of the largest orders in recent years, it may have a significant impact on Samsung's net profit in
After turning down a takeover offer from its departing CEO, the US genetic testing business 23andMe has declared bankruptcy and is searching for a buyer. Late on 23 March, 23andMe, a company that charges less than $200 for a mail-back saliva test that can identify ancestry or specific genetic features