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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,
According to various media reports, Warner Bros. Discovery plans to fire roughly 10% of its Motion Picture Group employees, causing a significant upheaval as the business gets ready to divide into two distinct companies. Marketing and Production Teams Hit by Layoffs Marketing, distribution, production, and other operational divisions are among
According to sources, the Labour Department sent a notice to the company after the Karnataka State IT/ITeS Employees Union (KITU) filed an industrial dispute case, following a controversy surrounding a layoff announcement and alleged forced resignations at IT major Tata Consultancy Services (TCS). Conciliatory Meeting Scheduled for August 6
Mira Murati, the former chief technology officer of OpenAI, is in the news after it was reported that, despite promising an employee $1 billion, Mark Zuckerberg's Meta company was unable to recruit staff from her organisation. According to a Wired story, Murati's employees at Thinking Machines
Tata Motors is currently negotiating the purchase of Iveco, an Italian truck manufacturer. The Agnelli family, the primary shareholder of the brand, will be the recipient of 3.8 billion euros (approximately $4.3 billion) in the transaction, which will establish a global participant in the commercial vehicle industry with
Jane Street, a high-frequency trading firm based in the United States, has requested further time from the Securities and Exchange Board of India (SEBI), the Indian market regulator. Jane Street Group told the media in a statement on the evening of July 28 that it is working cooperatively with SEBI
Nayara Energy, a refiner supported by Russian oil giant Rosneft, filed a lawsuit against Microsoft in the Delhi High Court after the latter ceased to provide services to the company due to EU sanctions. Microsoft is "currently restricting Nayara Energy’s access to its own data, proprietary tools, and
In an effort to capitalise on the expanding Indian market for electric vehicles, Vietnamese manufacturer VinFast launched its first showroom in India on 27 July in Surat, Gujarat. The company's electric SUV models VF 6 and VF 7, which will be introduced as right-hand drive versions for the
Union Minister Pemmasani Chandra Sekhar downplayed the danger to state-run BSNL and other telecom companies on July 28 by stating that billionaire Elon Musk's satellite communication services business, Starlink, might only have 20 lakh connections in India. The Minister of State for Telecom was addressing a review meeting
According to T. R. B. Rajaa, Tamil Nadu's Minister for Industries, Investment Promotion, and Commerce, the state's excellent infrastructure, talent pool, and governance are luring Apple suppliers and ecosystem companies to engage in component manufacture. State Incentives Boost Electronics Manufacturing To increase the production of electronic
Members of the UPI ecosystem must abide by a new set of rules established by NPCI, which include restricting balance inquiry queries and controlling the use of APIs such as Autopay Mandate Execution and Validate Address. To enhance the functionality of UPI transactions, the National Payments Corporation of India (NPCI)
The Economic Times recently reported that in a second round of layoffs, Krutrim, the artificial intelligence startup started by Bhavish Aggarwal of Ola, had let go of around 100 workers. A significant portion of the firm's linguistics staff, which had just recently arrived, was impacted by the layoffs.
The shareholders of Lenskart have given their consent for the company to raise INR 2,150 Cr ($248.7 Mn) through a new share offering as part of the first public offering (IPO). What’s Included in the Upcoming Lenskart IPO? A secondary offer for sale (OFS) component by current
According to reports, Tesla and Samsung Electronics have inked a significant chip supply agreement valued at $16.5 billion through 2033. The action is intended to help Samsung's faltering contract chip manufacturing division, which is up against fierce competition from TSMC. Inside the $16.5 Billion Agreement: What
Tata Consultancy Services, the biggest provider of IT services in India, announced on 27 July that it will cut 2% of its personnel in its 2026 fiscal year, mostly affecting middle and senior management. About 12,200 positions will be lost as a result of the company's retraining
Shengjia Zhao, a co-creator of OpenAI's ChatGPT, will be the chief scientist of Meta Superintelligence Labs, according to a statement released by Meta CEO Mark Zuckerberg on 25 July. The $14 billion investment in Scale AI is the centrepiece of Zuckerberg's multibillion-dollar hiring spree in artificial
In its ongoing competition with the United States for technical supremacy, China has presented a comprehensive strategy to increase its influence in AI governance, which includes the establishment of a global cooperation organisation. China Proposes Global AI Oversight Body at WAIC 2025 During his speech at the inauguration of the
According to reports, 25 over-the-top (OTT) platforms and websites—including ALTT, ULLU, Big Shots App, Desiflix, and Boomex—have been blocked by the Centre for allegedly containing pornographic, indecent, and vulgar content. OTT Crackdown: What Happened According to a Storyboard18 report, under the Information Technology Act of 2000 and the
Ohm Mobility, a firm that provides EV financing and leasing, is now closing its doors, joining a growing list of startup closures. Despite many turning points along the way, the five-year-old startup was unable to scale, according to cofounder and CEO Nikhil Nair. Why Ohm Mobility Shut Down: Inside the