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According to a media agency, Ola Electric Mobility Ltd., under the leadership of Bhavish Aggarwal, is laying off over 1,000 staff and contract workers in an attempt to reduce the company's growing losses. As the electric two-wheeler (2W) manufacturer goes through a significant reorganisation, the employment cutbacks
Adani Green Energy Ltd. (AGEL), in order to build the largest solar-wind hybrid renewable cluster in India in Rajasthan, said it had successfully refinanced its first construction facility with an outstanding balance of USD 1.06 billion from 2021. The biggest renewable energy provider in India, AGEL, revealed this development
AGS Transact Technologies (AGST.NS), an Indian payments services company, announced on March 1 that a creditor intends to file for bankruptcy against the business for failure to pay debts. According to an exchange filing by AGS Transact, Maxwel Aircon India Private Limited, one of the business' operational creditors,
Karnataka IT-BT Minister Priyank Kharge is determined to establish Karnataka as a major esports hub as the southern state seeks to capitalise on the growing popularity of the industry nationwide. In his remarks at the Bengaluru GAFX 2025 conference on February 27, Kharge stated that the state government hopes to
Blinkit, a Quick commerce player, has initiated the delivery of Apple products, such as the MacBook Air, iPad, and AirPods, within 10 minutes in specific cities in India, according to its founder and CEO, Albinder Dhindsa, on February 27. Customers can now receive MacBook Air, iPad, AirPods, Apple Watch, and
On February 27, Amazon Web Services (AWS) launches Ocelot, its first-generation quantum computing chip, putting it in the race to use the cutting-edge technology ahead of other digital behemoths. The business claims that the new chip, which was created by the California Institute of Technology's AWS Centre for
Apollo Hospitals, a prominent healthcare organisation, has apparently teamed up with TechEagle, a drone startup, to introduce a 10-minute diagnostic drone delivery service. The hospital chain operator will use TechEagle's AI-powered autonomous drones to deliver liquid biopsy samples—which are essential for detecting cancer—from collection centres to
For a three-year tenure, India's Finance Secretary Tuhin Kanta Pandey has been named the Securities and Exchange Board of India (SEBI) 11th chairwoman. Madhabi Puri Buch, who will finish her three-year term as SEBI's first female chairwoman on Friday, February 28, 2025, will be replaced as
Paytm (One97 Communications Ltd.), a digital payments startup, announced on 27 February that it has teamed up with Perplexity, a US-based artificial intelligence company, to incorporate AI-powered search features into its app. According to a release from Paytm, the partnership would enable customers to ask common enquiries, research subjects in
The craze of joining the quick commerce bandwagon is as real as it gets, as is the sprint to reach a netizen's doorway with a platter full of goodies at unprecedented speeds. With its 15-minute meal delivery service, QuickiES, IPO-bound cloud kitchen unicorn Rebel Foods has also entered
The ministry of commerce and industry said in a statement on 26 February that the Department for Promotion of Industry and Internal Trade (DPIIT) and digital payments company Paytm have inked a memorandum of understanding (MoU) to promote innovation and quicken the expansion of fintech and manufacturing startups in India.
The open-source RISC-V Instruction Set Architecture (ISA) serves as the foundation for this chip, which is a component of the Shakti family of microprocessors and represents a significant advancement in lowering India's reliance on imported semiconductor technology. IIT Madras built and implemented the IRIS chip, which was first
Ahead of its much-awaited $500 million initial public offering (IPO), Fintech SaaS startup Perfios has developed a new employee stock option plan (ESOP) for its staff called "Perfios ESOP 2025-A." At an extraordinary general meeting on February 5, the company's board approved the plan to launch
Despite significant employee opposition, Jamie Dimon, the CEO of JPMorgan Chase, has strengthened the bank's return-to-office (RTO) policy. His annoyance with workplace attendance, including his use of profanity when rejecting a petition against in-office obligations, was exposed in a February town hall audio that was leaked. Dimon made
Quick commerce platform KiranaPro has teamed up with B2B management platform ZuperAI to provide its users with AI-based retail market solutions, only days after enlisting PV Sindhu as an investor. In order to help consumers and merchants with product discovery, inventory optimisation, and supply chain efficiency, KiranaPro will incorporate ZuperAI&
Ashwin Yardi, CEO of Capgemini India, has argued for a more balanced approach to working hours in India and rejected the notion of an extended 70- to 90-hour workweek. "47 and a half hours" is how Yardi defended a 47.5-hour workweek when speaking at the Nasscom Technology
PhonePe, owned by Walmart, has selected four investment banks as advisors as India's leading digital payments platform aims to enter the domestic tech IPO sector, targeting a valuation of up to $15 billion. As per a media report, PhonePe plans to initiate the IPO process in the first
A penalty notice of INR 17.35 lakh has been issued to travel tech giant Easemytrip for allegedly breaking GST regulations. In a filing, the company stated that it has been notified that it has received an order from the Sales Tax Officer Class II/AVATO Delhi, State/UT: Delhi,
As part of its investigation into the INR 6,600 crore GainBitcoin cryptocurrency scam, the CBI carried out coordinated nationwide searches at 60 locations on 25 February, according to officials. A CBI spokeswoman stated in a statement that the searches, which targeted locations allegedly connected to important accused individuals, were
Beyond Chennai, Zepto, a fast commerce startup based in Bengaluru, has already established itself throughout Tamil Nadu. Coimbatore, Tiruchirappalli, Madurai, Vellore, and Salem are just a few of the districts in the state where the company has started operations. With more than twenty dark stores open in Tamil Nadu, each
Zinka Logistics Solutions, the parent company of logistics giant BlackBuck, has received two tax notifications amounting to INR 14.2 crore. This encompasses a demand of INR 10.02 crore from the Assistant Commissioner of Commercial Taxes (Audit), Bengaluru, for the period from April 2020 to March 2021, and a
90,500 equity shares have been distributed by omnichannel cosmetics retailer Nykaa as part of its employee stock option plan (ESOP). Nykaa stated in an exchange filing that the equity shares are allocated following the execution of vested stock options by employees under the company's ESOP Plan. The
Flipkart Group's UPI application, super.money, has purchased BharatX, a checkout financing platform supported by Y Combinator, for an unknown sum to enhance its current services, particularly in Buy Now Pay Later (BNPL). Checkout financing enables users to purchase things online in installments during the checkout process. In
A concept that formerly appeared to be science fiction is now progressively approaching reality, facilitated by an innovative partnership between Indian Railways and IIT-Madras. Railway Minister Ashwini Vaishnaw recently declared that the ministry will collaborate with a distinguished institute to create advanced Vertical Take-Off and Landing (VTOL) vehicles, which could