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Urban Company has secured board approval to raise INR 528 crore (~$60 million) through a significantly downsized IPO, reducing its initial INR 3,000 crore target by over 80%. The company plans to file its draft red herring prospectus with SEBI soon.
TCS made a similar move five years ago during the start of the COVID-19 epidemic, when international business was significantly interrupted.
The RBI declared that it would keep excess liquidity in the system after the monetary policy committee unanimously decided to lower interest rates. Further, the committee also changed the policy stance to one that is more accommodating.
Additionally, Docs now has a new "Help me refine" tool that Google claims functions similarly to a writing coach. With the help of this forthcoming feature, Google Docs will soon have the ability to generate audio.
Cofounder Anmol Singh Jaggi promised in an email to the staff that all outstanding debts will be paid by the end of April. Jaggi stated in an email that there will be a little delay in processing salaries because of present cash flow issues.
According to a corporate spokeswoman, the alignment supports the company's long-term goal of providing value to stakeholders, partners, and customers while also aiming to improve operational efficiency.
As per a media report, the move's specifics shed light on the American smartphone company's change of plan. Apple has taken this step to increase its stock of iPhones in the US.
According to various media reports, marketing firm Creativefuel has purchased the Mumbai-based MissMalini for INR 6 crore in what appears to be a distress sale.
The change is in line with a similar initiative by Andy Jassy, the CEO of Amazon, who has supported a more lean organisational structure throughout the business.
The head of the discount broking stated on the microblogging site "X" that there will only be four trading days in the next ten days due to the Indian stock market's scheduled closures for the forthcoming festivals.
Ashwini Vaishnaw, the Union Minister for Electronics and IT, formally unveiled the app in the nation's capital. The minister emphasised the value of digital innovation and said the app was an attempt to make Aadhaar authentication quicker, simpler, and more secure.
🔍Insights
There was a general lack of vision regarding Dream11's potential when the platform first went live. Compared to just 2 million in 2016, Dream 11 now has over 100 million registered users. The consistent financing, sponsorship partnerships with cricketers, excellent marketing campaigns, and prize money are only a
The plan aims to increase India's capacity to recycle lithium-ion batteries and is expected to run for four to five years. The National Critical Mineral Mission (NCMM), which has a total budget of INR 16,300 Cr, was approved by the Union Cabinet in January of this year.
The MPC reduced the repo rate from 6.5% to 6.25% during its most recent meeting in February 2025, which was the first rate drop since 2020.
Jio Finance customers can now get loans up to INR 1 crore with interest rates as low as 9.99%, depending on their risk tolerance. On the National Stock Exchange, Jio Financial Services' shares surged by almost 6%, closing at INR 225.49 on April 8.
Raveendran posted a thumping response on social media, writing, "I am not a flower; I am the fire that will shatter GLAS."
The incident occurred while a developer was utilising Cursor AI to work on a racing game project. The incident has reignited the discussion about AI's place in human work.
Bhatia questioned India's existing GDP calculation method in a recent podcast. He advocated for a new model that takes productivity and effort into account rather than just financial transactions.
S. Krishnan, secretary of the Ministry of Electronics and Information Technology (MeitY), stated that the Centre is allegedly planning to ratify Digital Personal Data Protection (DPDP) Act guidelines by April.
Google is also launching a significant improvement as part of its wider rollout: multimodal search capabilities driven by Google Lens and a customised version of its AI model, Gemini.
Ola Electric stated in a letter dated 21 March to the Ministry of Road Transport and Highways that 10,866 Gen3 e-scooter and 1,395 Roadster X motorcycle reservations were included in its February sales data.
68% of Mudra loan accounts are held by female entrepreneurs. On July 23, 2024, the Finance Minister announced an increase in the loan ceiling to INR 20 lakh as part of the Union Budget 2024-25.
The president should give nations three months to reconsider their trade agreements with the United States, according to hedge fund investor Ackman.
By 2030, the government wants to have 250 million smart meters. With an order book of 23 million through February 2025, AESL has emerged as a major player in this initiative.