A business journalist delivering the latest news, updates, and industry insights from the business ecosystem. Have anything interesting to share on our site? Reach out at story@startuptalky.com
On March 26, President Donald Trump announced broad plans to impose a 25% tariff on all imported vehicles and light trucks into the United States, with the declaration that the decision would be permanent. Collection will start on April 3 after the tariffs go into force on April 2. "
Out of the 1,200 engineers that Infosys onboarded in October and November, 40 to 45 more trainees were let go after the company came under fire for firing about 400 trainees who didn't perform well in its rigorous assessment. An important internal evaluation that Infosys had planned
Users were unable to complete digital transactions on 26 March's night due to a major technical problem that interrupted Unified Payments Interface (UPI) services throughout India. The National Payments Corporation of India (NPCI), which is in charge of managing UPI operations, admitted to the issue and gave users
A consortium led by TPG, a leading worldwide alternative asset management company, has agreed to buy a 90% share in Siemens Gamesa's onshore wind turbine generator manufacturing operations in Sri Lanka and India. Without revealing the purchase value, Siemens Gamesa stated in a statement that it will keep
With immediate access via UPI and ATMs, the Employees' Provident Fund Organisation (EPFO) plans to implement a significant modification to PF withdrawals. By the end of May or the beginning of June 2025, EPFO members will no longer have to endure drawn-out withdrawal processes. The National Payments Corporation of
The Hyderabad-based spend management solutions provider Zaggle Prepaid Ocean Services Limited has paid INR 15.60 crore to buy a 26% interest in Mobileware Technologies. Additionally, for INR 7.25 crore, Zaggle purchased a 12.34% interest from Mobileware's proprietors, which represents a percentage of the company'
Fresh questions about Ola Electric's approach were raised when a confrontation with vendors, delayed deliveries, and a INR 3,000 crore market rout resulted from an attempt to lower registration fees. Customers who were excitedly anticipating their Ola Electric scooters started to notice an unanticipated delay last month.
To facilitate order placement, broking company Zerodha has added six new capabilities to Kite, its trading and investment platform. In his announcement of the X upgrade, founder and CEO Nithin Kamath highlighted several important improvements, including order slicing, available margin display, a new basket icon, and more. Newly Added Features
BluSmart Mobility has seen several high-profile exits and is currently going through a significant operational reorganisation to strengthen its financial stability. As per the recent reports in the media, its Vice-President Priya Chakravarthy, Chief Business Officer Tushar Garg, Chief Technology Officer Rishabh Sood, and Chief Executive Officer (CEO) Anirudh Arun
The Unified Pension Scheme (UPS) for central government employees will go into effect on April 1, 2025, according to a notification from the Pension Fund Regulatory Authority of India (PFRDA).This implies that central government workers who are now employed and covered by the National Pension Scheme (NPS) as well
In a regulatory statement on 25 March, Ola Electric Technologies Private Limited, a division of Ola Electric Mobility Limited, stated that it had settled its financial disagreements with the Rosmerta Group and that as a result, insolvency proceedings had been withdrawn against it. Earlier insolvency filings against Ola Electric Technologies
India has accused South Korean tech giant Samsung of tax cheating in the purchase of necessary telecom equipment and has imposed a $601 million tax demand on the company. One of the largest orders in recent years, it may have a significant impact on Samsung's net profit in
After turning down a takeover offer from its departing CEO, the US genetic testing business 23andMe has declared bankruptcy and is searching for a buyer. Late on 23 March, 23andMe, a company that charges less than $200 for a mail-back saliva test that can identify ancestry or specific genetic features
At a total project cost of INR 118.8 crore, Fractal Analytics, an artificial intelligence startup based in Mumbai, has planned to construct India's first large reasoning model (LRM). Fractal has proposed to the IndiaAI Mission that the government provide INR 76.6 crore in external finance for
🔍Insights
The Indian Premier League, the most prestigious cricket tournament in the world, will soon begin after the Indian Women's T20 League came to a close with RCB's historic first title. The Indian Premier League is getting ready to deliver the excitement and thrills fans have come
At a recent internal town hall meeting, Amazon CEO Andy Jassy highlighted a major change in the company's promotion strategy, stressing that growing big teams will no longer be the route to promotion at the e-commerce behemoth. Jassy informed staff that Amazon is actively altering its perspective on
India plans to eliminate the Google tax, a 6% equalisation levy levied on online advertising services provided by Google and Meta, starting on April 1. The action is probably intended to appease US President Donald Trump, who has threatened to impose retaliatory tariffs on nations that, starting on April 2,
🔍Insights
With the 17th season of the world's premier cricket league, "The Indian Premiere League," set to begin on March 22, 2024, cricket fever is in full swing in India. All around the world, cricket fans gather around their screens for almost 60 days to watch matches
According to reports, Samsung is developing a new line of extended reality (XR) smart glasses. Similar to the recently disclosed Project Moohan headgear, Google's Android XR platform is anticipated to power these smart glasses. As the XR headset is anticipated to be more complicated to use in contrast,
A media outlet reported on March 24 that Mahindra & Mahindra (M&M) is in negotiations to acquire the entire value of Sumitomo Corp's stake in SML Isuzu, a manufacturer of heavy vehicles in Japan. The agreement will probably aid M&M's entry into
China's People's Liberation Army (PLA) has begun utilising the recently launched Chinese AI tool "DeepSeek" for non-combat support tasks, particularly at military hospitals, to help the doctors create treatment plans in addition to other civilian areas. As per a Chinese media house based in
As part of a global staff reduction initiative, American aircraft manufacturer Boeing sacked over 180 workers at its engineering technology centre in Bengaluru, Karnataka, according to a media agency. India is a significant market for Boeing, where the corporation employs about 7,000 people. Up to 180 employees at the
E-commerce giant Meesho is reportedly stepping up its efforts to go public later this year and intends to raise $1 billion through an initial public offering (IPO). According to a media report, the company has already selected Morgan Stanley, Kotak Mahindra Capital, and Citi as advisers for its initial public
Amazon has applied a smart move to attract more shoppers on to its platform. The e-commerce giant has been cutting a number of seller fees, which should result in lower product prices, so shopping there might be less expensive. Because the firm is eliminating referral fees and commissions paid to