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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,
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
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
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
Zomato has invested INR 4,300 crore into Blinkit since acquiring the online grocery delivery service, formerly known as Grofers, in an all-stock deal for INR 4,477 crore in August 2022. Zomato has been investing more in Blinkit, mostly to finance its rapid growth and offset operating losses in
IT Minister Ashwini Vaishnaw stated that India aims to develop small language models (SLMs) to address "distinct" issues, in addition to a large language model (LLM). Vaishnaw stated that the government is examining its own digital models with smaller models that can address specific, distinct issues. During a
In a case filed in the Madras High Court, skilled gaming businesses Games24x7, Junglee Games, and Head Digital Works (A23) have contested the legitimacy of the Tamil Nadu state's latest regulations pertaining to the real-money gambling (RMG) sector, which went into effect on February 15. In order to
Union Finance Minister Nirmala Sitharaman said at the 6th Convocation Ceremony of the Indian Institute of Information Technology (IIIT) Kottayam on 22 February that India is not only embracing AI but is also actively draughting regulations to guarantee its efficient governance. According to her, India is not only at the
With ambitions to list on Indian stock exchanges, fintech business PhonePe said on 20 February that it has started preparing for the start of its initial public offering (IPO). According to a press release from PhonePe, the company, which will mark its tenth anniversary this year, provides cutting-edge financial services
With a goal of 10 million lives covered by 2025, insurtech platform Plum has announced that it will invest $6 million over the course of the next 24 months to enter the personal insurance market. Atul Mishra has been selected to lead the sector. Plum said in the news release
According to a prominent media outlet, Vishesh Khurana, a cofounder of Shiprocket, has been appointed as an advisor by San Francisco-based cryptocurrency trading platform Kraken, which is planning to relaunch its services in India. According to the report, Khurana will oversee Kraken's operations in India. According to reports,
Majorana 1, the first quantum chip in the world constructed using a novel Topological Core design, was unveiled by Microsoft. This invention is a major step towards creating quantum computers that can solve challenging real-world issues in a matter of years as opposed to decades as previously predicted. Utilising the
In a Series B fundraising round headed by Ektha.com, Bengaluru-based pet food company Dogsee Chew has raised $8 million (INR 69.4 crore), with participation from Shivanssh Holdings and the Poddar Family office. The money will be used by the manufacturer of natural pet treats to increase production capacity
In order to improve collaboration in the exploration and exploitation of vital minerals, especially lithium, Argentina and India have formally established a partnership. According to a press release from the ministry, the deal was signed on February 19, in front of Raúl Alejandro Jalil, the governor of Catamarca, Argentina, and
On February 17, the Enforcement Directorate (ED) temporarily seized INR 10.63 crore in real estate in accordance with the Prevention of Money Laundering Act (PMLA), 2002. The late Amit Bhardwaj is the owner of these assets. According to the agency's statement on 19 February, the attached properties
The telecom departments of Andhra Pradesh and Maharashtra have fined telecom major Bharti Airtel around INR 8 lakh. Bharti Airtel stated in an exchange filing on February 20 that it has been fined INR 6.59 lakh by the Andhra Pradesh telecom department for allegedly violating subscriber verification standards. The