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In accordance with regulatory orders, Jane Street, a New York-based capital market company, has placed INR 4,840 crore in escrow accounts. Jane Street has no imminent plans to start trading options in the Indian market again after this. A temporary account used to keep money or assets while two
Tata Consultancy Services (TCS), the biggest IT company in India, has stated that raising wages for its more than 6 lakh employees is their "priority" goal. TCS' Chief Financial Officer (CFO) Samir Seksaria stated, "My priority is getting back to the wage hike," without giving
In order to provide smooth first- and last-mile connectivity for commuters, the Bengaluru Metropolitan Transport Corporation (BMTC) and Bangalore Metro Rail Corporation Ltd. (BMRCL) have now opened up their transport data, enabling two apps, Namma Yatri and Tummoc. For more than ten years, this requirement has been in place. Users
The Maharashtra government is once again targeting ride-hailing services like Uber, and this time for its bus service. Pratap Sarnaik, the transport minister of Maharashtra, reportedly vowed a crackdown on Uber Shuttle and other aggregator bus operators for failing to obtain a government permit for the service, a week after
According to multiple media sources, Recruit Holdings, the Japanese parent company of Indeed and Glassdoor, plans to lay off about 1,300 employees. This accounts for approximately 6% of the workforce in the HR technology segment of the organisation. The layoffs, which are mostly in the US, impact a number
In a landmark move in its 92-year history, Hindustan Unilever Ltd. (HUL) has appointed Priya Nair as its next managing director. On July 31, 2025, Rohit Jawa will step down, and she will succeed him. The appointment of Nair will take effect on August 1, 2025. This action makes Priya
Following its initial debut in Bengaluru, Amazon has expanded its 10-minute delivery service, Amazon Now, to a few parts of Delhi. The business was excited about the favourable comments made by clients. This action demonstrates Amazon's dedication to the quickly expanding quick-commerce market in India, where rivals Zepto
According to an IMF statement, the rapid expansion of UPI has allowed India to surpass all other nations in terms of payment speed, while the use of traditional payment methods, such as credit and debit cards, is decreasing. The NPCI created the Unified Payments Interface, a real-time and instantaneous payment
In order to create a real-time payments platform similar to the Unified Payments Interface (UPI), the Namibian central bank and the National Payments Corporation of India (NPCI) have inked a licensing deal. According to Dammu Ravi, secretary in the external affairs ministry, during a press briefing on the outcomes of
Based on a First Information Report (FIR) submitted by the Cyberabad police in Hyderabad, Telangana, the Enforcement Directorate (ED) has opened an investigation against 29 celebrities in relation to a purported betting application fraud. Prominent actors Vijay Deverakonda, Rana Daggubati, Manchu Lakshmi, Prakash Raj, Nidhi Agarwal, Ananya Nagalla, and television
On 9 July, the Enforcement Directorate (ED) said that it had begun a significant crackdown on the illicit online betting site "Probo," carrying out search operations on July 8 and 9 throughout its four Haryana locations. The online platform "Probo" was created by Probo Media Technologies
On July 9, US President Donald Trump declared a 50% duty on copper imports into the US. Additionally, Trump has threatened to levy 200% tariffs on pharmaceutical imports after a year. Trump's action may have an effect on other economies, such as India, which exports these vital commodities
On July 9, Nvidia became the first business to reach $4 trillion in market value, marking a significant milestone in Wall Street's wager that AI will revolutionise the economy. Nvidia surged to $164.42 just after the stock market opened, valuing the company at more than $4 trillion.
Linda Yaccarino, the CEO of social media site X, has made her decision to leave her position. For the last two years, she has been in charge of Elon Musk's company, X. During her X announcement, Yaccarino thanked Musk for entrusting her with the duty of defending free
All e-commerce sites were forewarned by the FSSAI on 8 July to maintain strict food safety and hygiene standards or risk punishment. G Kamala Vardhana Rao, the CEO of the Food Safety and Standards Authority of India (FSSAI), presided over the meeting where the warning was given. More than 70
Apple is negotiating to get the US rights to broadcast Formula 1 as the internet giant expands its live sports programming and builds on the success of its popular film based on the racing car series. Various media reports stated that when the broadcast deal opens up next year, the
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Putting in an order for groceries was once considered the most difficult task. Shopping for groceries is becoming more pleasurable because of the development of "smart grocery stores" like Nature's Basket, Dmart, Reliance Mart, and others. But now that technology is driving more solutions, online grocery
On July 8, listed logistics startup BlackBuck announced that the Income Tax (IT) Department has sent it a tax demand notice for INR 28.55 Lakh. The company stated in a statement with the exchanges that the July 7 tax notice was sent because certain expenses that qualified for tax
In an internal letter to staff, the US-based trading company Jane Street slammed the Securities and Exchange Board of India (SEBI), calling its recent ruling accusing market manipulation "fundamentally mistaken." The company rejected SEBI's description of its trading approach as manipulative and instead described it as
After long-time operations chief Jeff Williams plans to retire, Apple CEO Tim Cook has made a significant leadership change by appointing Indian-origin executive Sabih Khan as the company's new COO. Khan, who has worked for Apple for thirty years, has been instrumental in creating and overseeing the company&
The former prime minister of the United Kingdom, Rishi Sunak, has returned to Goldman Sachs Group Inc. as a senior adviser. In a statement released on July 8, Goldman Sachs CEO David Solomon announced that Sunak, who was prime minister from October 2022 to July 2024, will collaborate with executives
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Chaayos is a vibrant and creative brand of Indian tea cafes that aims to give the traditional tea-drinking culture a contemporary spin. Chaayos has quickly expanded to become a well-known brand in the Indian cafe business by placing a strong focus on quality, customer experience, and innovation. The company ensures
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FirstCry is a multi-channel retailer that has a wide variety of items for mothers, children, and infants. With a wide range of products including diapers, feeding, skincare, toys, apparel, footwear, and more, FirstCry.com was born out of a desire to help the millions of Indian parents who struggle to
The Reserve Bank of India (RBI) has granted a prepaid payment instruments (PPI) licence to Zinka Logistics, a subsidiary of listed logistics giant BlackBuck. The business stated in an exchange statement that its fully owned subsidiary, TZF Logistics Solutions Pvt Ltd, was awarded the licence by the central bank. Banks