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Zomato, a key player in the foodtech industry, has allegedly begun collecting a new "long-distance service fee" for orders that are delivered more than four kilometres. The company would now charge its clients INR 15 for deliveries within a 4- to 6-kilometre radius if the order value exceeds
According to a media source, the US retail giant Walmart intends to eliminate some 1,500 corporate positions as part of a reorganisation initiative to streamline its business practices. Divisions like Walmart Connect, its advertising business, e-commerce fulfilment in US stores, and worldwide technology operations will all be impacted by
Shiprocket, a rapidly expanding logistics technology firm supported by Temasek and Zomato, has filed a draft red herring prospectus (DRHP) with Sebi in confidence through the pre-filing process, marking the first official step towards becoming public. It is anticipated that the proposed IPO will cost between INR 2,000 and
According to a renowned media outlet, OpenAI is purchasing io, a gadget firm that CEO Sam Altman and renowned Apple designer Jony Ive have been secretly working on for two years, in an all-equity deal valued at $6.5 billion. Ive and his design company, LoveFrom, will now oversee creative
Data Sutram, a B2B SaaS firm with a focus on Banking, Financial Services and Insurance (BFSI), has raised $9 million (about INR 77 crore) in Series A funding, headed by Lightspeed Venture Partners and B Capital. There were both primary and secondary agreements in the round. Rajit Bhattacharya, the founder
The Delhi Debt Recovery Tribunal (DRT) has been contacted by the Indian Renewable Energy Development Agency (IREDA) to recover around INR 729 Cr from Gensol Engineering after the agency filed an insolvency plea against the company. The company filed an original application under Section 19 of The Recovery of Debts
Alleging exploitative tactics under Zepto's Rural Mobilisation Programme (RMP), the Rajdhani App Workers' Union (RAWU) has filed a complaint against Zepto and its third-party vendor, Kilton Geo Engineering Pvt. Ltd., with the Delhi labour department. According to the union, gig workers—whom Zepto refers to as "
According to reports, Nike, the biggest footwear manufacturer in America, is cutting employees in its technology branch. The corporation has acknowledged the layoffs, according to Reuters, but it has not yet revealed how many staff would be affected. The corporation disclosed that the layoffs are a component of a larger
As Google I/O 2025 gets underway, CEO Sundar Pichai has made three significant announcements that are focused on the needs of consumers. These efforts, which are driven by Google's Gemini AI models, include Project Mariner, which updates agentic AI capabilities that can assist users in automating tasks.
Vaibhav Taneja, an Indian professional, is making waves around the world as the Chief Financial Officer (CFO) of Tesla, earning an incredible $139.5 million in 2024. It is among the largest compensation packages given to a CFO in history. This amount, which greatly exceeded his base income of $400,
A number of former workers have claimed in the last three months that the poisonous work culture at Pocket FM is severely harming staff members. Posts regarding workers in the company's Indian headquarters who said they were fired without sufficient notice are common on social media. And social
The CEO of Builder.ai, a British artificial intelligence startup supported by Microsoft Corp. and the Qatar Investment Authority, announced that a major creditor had taken the majority of the company's funds, prompting the company to file for bankruptcy. Manpreet Ratia, the CEO of Builder.ai, stated in
E-commerce giant Amazon has been ordered by a Mumbai consumer dispute redressal tribunal to reimburse a disgruntled customer INR 40,000, including legal fees, for failing to deliver a Rakhi valued at INR 100. A bench of the District Consumer Disputes Redressal Commission for the Mumbai suburban area issued an
The Enforcement Directorate (ED) has reportedly expanded its probe into the matter, putting cofounder Nishant Pitti of the online travel aggregator EaseMyTrip under suspicion, a month after the company formally denied any affiliation with the Mahadev app or any other betting platform. Pitti is suspected of working with a group
Myntra, an online clothes retailer, has launched Myntra Global, its first direct-to-consumer venture outside of India, to enter the global market. In an attempt to reach the 650,000-person Indian diaspora abroad, the Walmart-owned company is expanding into Singapore. It would provide its clients across the nation with a smooth
By expanding its collaboration with the Indian government-backed nonprofit organisations, Uber is joining India's expanding B2B logistics market. Without giving a precise timeframe, the ride-hailing giant said on 19 May that it will soon introduce its B2B logistics solution through the Open Network for Digital Commerce (ONDC). This
The petitions filed by Vodafone Idea (Vi), Bharti Airtel, and Tata Teleservices asking for a waiver of their long-standing adjusted gross revenue (AGR) obligations were denied by the Supreme Court on 20 May. As part of their AGR obligations, the telcos sought relief from the payment of interest, penalties, and
To further strengthen its food delivery business, listed foodtech firm Swiggy has established a corporate rewards programme, just days after unveiling a new initiative to attract students. The CEO of Swiggy's food marketplace segment, Rohit Kapoor, stated in a LinkedIn post that the new programme will provide corporate
According to reports, the government has received 70 applications for its project to manufacture electronics components worth INR 22,919 Cr. The development was confirmed by Union Minister Ashwini Vaishnaw, who also noted that small and medium-sized businesses make up the majority of the applications. Vaishnaw informed a news source
In order to take advantage of government rules that promote local suppliers in the renewable energy sector, SAEL plans to invest INR 5,000 crore to build a solar cell manufacturing plant in Uttar Pradesh with an annual capacity of 5 GW. Chief executive Laxit Awla told a media house
According to a media report, Mohini Mohan Dutta, a former director of the Taj chain of hotels and a close friend of Ratan Tata, has accepted the conditions of the late businessman's will. A third of Tata's remaining estate, valued at approximately INR 588 crore, was
On May 8, Krutrim's young engineer employed at Ola's AI division committed suicide, reportedly as a result of excessive work pressure. The incident was made public when a Reddit post that described the events went viral and raised significant concerns about the company's work
Indian e-commerce companies Myntra and Reliance-owned AJIO have ceased selling Turkish clothing labels like Trendyol, Koton, and LC Waikiki on their websites. The step has been taken in response to mounting calls for a boycott of Turkey due to its backing of Pakistan in its conflict with India after the
Nearly 350 workers were let go by VerSe Innovation, the company behind DailyHunt and Josh, as part of a larger "strategic" reorganisation effort. A corporate representative said in a statement that the layoffs were due to "workforce realignment" in order to focus on long-term goals and