OYO, a travel tech platform, is speeding up its plans for an IPO as it approaches a significant deadline for year-end debt payments. A media agency reported that if the business doesn't go public by October, creditors, notably Mizuho Financial Group Inc., are putting pressure on founder Ritesh
Digiledge, a Bengaluru-based fintech SaaS platform, was purchased by Mintoak to expand its digital payments platform to include bill payment and Central Bank Digital Currency (CBDC) solutions. The financial business will function as a Mintoak subsidiary after the acquisition, which was completed in an all-cash transaction. The deal's
Priyank Kharge, Karnataka's IT minister, has alerted to take regulatory action against e-commerce and fast commerce platforms if they don't enhance customer service and complaints. According to the minister, current technological solutions—like chatbots used by different platforms—cannot resolve client complaints, leaving people stuck in
Over the next four to five years, Amazon Web Services (AWS), the company's cloud computing division, plans to invest $8.2 billion in Maharashtra. Ashwini Vaishnaw, the Minister of Electronics and Information Technology, reaffirmed the declaration and emphasised the investment's positive effects on the economy and
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The convenience of Internet food delivery services was greatly enhanced during the pandemic. The dominant player in the online grocery delivery app and company market is influencing users' habits. Online shopping is becoming increasingly common among consumers. As a result, more and more delivery services, like Zepto, have launched
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Approximately 64 percent of adults around the world need corrective lenses to see clearly, according to recent studies. Envisioning a society where selecting the ideal eyewear is both a vital must and a truly enjoyable activity. This ambition has come true thanks to Lenskart, an industry pioneer. Both customers'
In order to assist businesses working in the fields of data analytics, blockchain, spacetech, and artificial intelligence, PwC India has started its first accelerator program. Under the three-month "Emerging Tech Startup Challenge" program, at least 15 late-stage firms with at least two to three successful commercial implementations and
Reliance Industries Ltd., a company owned by billionaire Mukesh Ambani, risks penalties for not establishing a battery cell plant as part of Indian Prime Minister Narendra Modi's initiative to reduce reliance on imports, according to various media reports. Reliance New Energy Ltd., one of the companies that won
Tokyo Electron, a partner of Tata Electronics, is the most recent fab toolmaker to consider establishing a manufacturing presence in the nation. The Tokyo Electron India Project's project director, Vaidya Bharadwaj, told reporters that although localisation is not a top priority right now, Tokyo Electron is keen to
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&