Nitin Konde

With 7-inch Display, Amazon Releases Kindle Paperwhite in India for INR 16,999

Additionally, it is the first Paperwhite to receive an improved dual-core processor, which, according to Amazon, increases responsiveness and speeds up page turns by 25%.

To Expand its Pop Culture Merchandise Offerings, The Souled Store Acquires Redwolf

The goal of the acquisition is to leverage Redwolf's knowledge of fan merchandise to improve the startup's goods and services. Ameya Thakur, Rahul Jaisheel, and Vivek Malhotra founded Redwolf, a clothing company that creates and produces graphic t-shirts and other accessories, in 2011.

Infosys Fires 195 Additional Trainees at its Campus in Mysuru

This is the fourth round of exits at the Bengaluru-based software behemoth. About 150 of the affected individuals have signed up for outplacement services, while about 250 have enrolled in upskilling programmes offered by NIIT and UpGrad.

Axis Bank Disregards 100 Senior Staff Layoffs, Calls it a Regular Practice

 The lender in the private sector was responding to news that over 100 top staff members had been asked to resign.

VerSe Innovation, Parent Company of Dailyhunt, Being Investigated for Audit Findings

VerSe Innovation, the parent company of DailyHunt and Josh, is situated in Bengaluru. In its audit report for the fiscal year that ended in March 2024 (FY24), Deloitte found flaws in its internal financial controls.

Delhi Police Files a Formal Complaint Against Vivek Tiwari, Co-founder, Medikabazaar

According to a report, which cited sources, the fired CEO was summoned twice but did not show up before the EOW. Thus, a formal complaint was filed.

Following Automaker Requests, Trump to Grant Exemption from Auto Tariffs

In an attempt to avoid numerous charges piling on top of one another, a White House official announced on April 28 that imported cars would also be exempt from separate tariffs on steel and aluminium.

🔍Insights

Behind the Scenes: How Swiggy Runs and Earns | Swiggy Business Model | How Does Swiggy Make Money

The business of restaurants and cafes has taken on a new form thanks to the online meal delivery service. Customers now have access to an enormous array of options in addition to improved connections to regional and global food chains thanks to this system. At the moment, Swiggy and Zomato

The Government will Shorten Time it Takes to Process EV Subsidy Claims

Under the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) programme, the government is taking this action in an effort to reduce the backlog and guarantee the prompt distribution of EV subsidies.

Dixon to Enter Manufacturing of Electronic Components

Dixon is currently considering producing parts like camera modules, mechanical enclosures, and lithium-ion batteries after apparently beginning work on a project for display modules.

Zepto Looking to Structure a Debt Deal with Edelweiss and Others for INR 1,500 Cr

According to a report, the acquisition aims to assist the fast commerce company consolidate local control ahead of its planned initial public offering (IPO) by purchasing shares from current international investors. Edelweiss has made a legally binding offer.

Reliance on the Race to Obtain Significant Shares in Haier India

Similar to their rivalry in the telecom industry, the move places Reliance Industries up against a group that includes Sunil Mittal of the Bharti Group, among others.

Several Days After Acquiring Team-BHP, Cars24 Fires More than 200 Employees

A well-known media site broke the story of Cars24's layoffs first, and since then, a lot more information about the company's decision to fire more than 200 workers has surfaced

Reliance Retail Intends to Open Dark Stores as it is Expanding its Quick Commerce Business

During the earnings call earlier this week, Reliance Retail's CFO Dinesh Taluja stated that the company saw a tremendous scale-up in the March quarter, with orders growing by more than 2.4 times.

After US Tariff Clarity, the Centre May Modify EV Manufacturing Policy

 The plan allows authorised EV manufacturers to establish production plants in India for EV four-wheelers with a $500 million minimum expenditure. The programme also imposes a 15% tariff charge on imported EVs.

'Missing Trade Certificates' Put Ola Under Government Investigation

The notice stated that Ola Electric must respond to the aforementioned questions within seven days of receiving this letter in order to prevent any negative consequences.

On iOS, Perplexity AI Launches an AI Voice Assistant

Previously, the update was only available to Android users. While announcing the news, Srinivas stated on X that anyone may ask it to play anything, including favourite music, podcasts, and difficult-to-find videos.

More Meta Layoffs, Reality Labs Employees Now in the Firing Line

According to reports, tech firm Meta has laid off employees in its Reality Labs division, mostly affecting hardware development and Oculus Studios teams. One of the projects affected is Supernatural, a virtual reality fitness game that Meta purchased for more than $400 million. According to the firm, the change is

Apple Wants to Source all iPhones Sold in the US from India

The initiative is a component of a larger goal to diversify Apple's supply chain away from China, which continues to control the majority of the tech giant's production facilities.

Employees Given Five-Day Deadline by the Microsoft HR Head

According to various reports, the company is now providing low-performing workers who choose to leave voluntarily with 16 weeks of compensation.

Adobe Updates its Firefly App Using AI Models from Google and OpenAI

In its Firefly service, the San Jose, California-based company has been creating its own AI models since 2023 to produce photographs and video clips.

Ray-Ban Meta Glasses with AI will Soon be Available in India

The glasses were first released in a few regions last year, but they are now being released in more nations, such as Mexico and the United Arab Emirates, with India likely to follow.

Swiggy and Zepto Received Notices from HC for Unfriendly Apps for Visually Impaired

The HC made the ruling after a hearing on a petition submitted by the non-governmental organisation Mission Accessibility. Justice Sachin Datta gave the Ministry of Electronics and Information Technology (MeitY) and both platforms four weeks to reply.

Rakesh Ranjan, Head of Zomato's Food Delivery Division, Resigns

Rakesh Ranjan will undoubtedly stay with the company and not be leaving. According to the report, this was a component of the company's biannual leadership reorganisation.