BluSmart's financial scandal has sent shockwaves through India's startup world and has led many business leaders to contemplate the true role of ethics and governance. Among the co-founders who has quite vocally addressed the situation is boAt's Aman Gupta. On the heels of his
The newly-appointed Intel CEO Lip-Bu Tan is redoing the company's leadership structure, a month after taking over the job. His goal, set in a recent internal memo, is to eliminate bottlenecks in the company's huge, unwieldy structure and to encourage it to do what it has
Significantly boosting India’s technological self-reliance, engineers from Kerala took the lead in creating the country's first fully designed artificial intelligence (AI) server. The Rudra-3 AI server, developed by Manesar-headquartered VVDN Technologies, was recently unveiled by Union Electronics and IT Minister Ashwini Vaishnaw. What made the maiden moment
RISA Labs, a healthtech startup in Silicon Valley, founded by IIT Kanpur alumni Kshitij Jaggi and Kumar Shivang, has raised seed funding of USD 3.5 million to grapple with one of the oncology space's most persistent bottlenecks: slowdowns in treatment induced by the prior authorization process. The
A senior Indian delegation will travel to Washington next week to tackle unresolved issues before they engage in negotiations for the eagerly awaited US-India Bilateral Trade Agreement (BTA). The three-day talks, starting April 23, will be the first in-person meeting between the two countries since they agreed on the terms
India's trade deficit with China has reached an unprecedented level of USD 99.2 billion, prompting Beijing to revise its approach to economic relations with New Delhi. Chinese Ambassador to India Xu Feihong described his nation as more than willing to import premium-grade, high-quality products from India. He
In an antitrust ruling that couldn't be much clearer or more direct, a US federal court has found Google guilty of maintaining an illegal monopoly over digital advertising technology. This case, brought by the US Department of Justice in 2023, focused very closely on how Google has bundled,
On Friday, India's Union Minister Ashwini Vaishnaw unveiled the country's first fully AI-designed server, made by VVDN Technologies, in a big push to showcase India's growing electronics design and artificial intelligence capabilities. The server was unveiled at VVDN's Global Innovation Park in
The electric cab startup BluSmart was once a rising star in India's green mobility space but has now paused ride bookings. This was after allegations came from the Securities and Exchange Board of India (Sebi) that co-founder Anmol Jaggi diverted money that was intended for buying vehicles. Since
Prime Minister Narendra Modi recently dialed up the CEO of Tesla and SpaceX, Elon Musk. Modi brought back the main subjects the two had discussed earlier this year in a meeting in Washington DC. The conversation centered largely around the idea of moving US-India collaboration forward, in particular, in sectors
Infosys has kicked off pay rises for its employees. These are to be effective by January for some and by April 1 for all. The hike on average is between 5 to 8 percent, slightly lower than in preceding years. Yet, top performers are getting hikes that range between 10
Sresta Natural Bioproducts Private Limited, which operates under the more recognizable name of 24 Mantra Organic, has been acquired by ITC Limited in a deal that could be worth INR 472.5 crore. Sresta is a leader in the organic foods space, with a strong product portfolio and an extensive
Nirmala Sitharaman, the Indian finance minister, took time during her address at the 150th anniversary celebration of the Bombay Stock Exchange to share some worries with the audience. Following the recent wave of tariffs by U.S. President Donald Trump, fresh instability has swept through the global markets. "We
India is getting ready to leapfrog Germany and Japan to secure the title of the world’s third-largest economy in the next three years, according to NITI Aayog Chief Executive Officer B V R Subrahmanyam. Currently sitting at No. 5 in the world with a gross domestic product (GDP) of
With trade tensions rising between the US and China, India is positioning itself as a competitive manufacturing alternative across key sectors. 1. Offering multi-year duty exemptions for more than 100 components needed in electronics production. 2. Targeting a significant increase in capacity for semiconductors and display manufacturing. 3. Trying to
Jerome Powell, the Chair of the Federal Reserve, has a clear and cutting warning regarding the new wave of tariffs from the Trump administration: The economic fallout could be more severe than many expect. In an appearance before the Economic Club of Chicago, Powell said that the actual scale of
Just days before its landmark antitrust trial began, Meta tried to settle the case by making a USD 450 million offer, a move that was led personally by CEO Mark Zuckerberg. Reports say that Zuckerberg contacted Federal Trade Commission (FTC) Chairman Andrew Ferguson in late March with the offer. However,
The semiconductor sector faced a sharp pullback on Wednesday after the U.S. imposed new export restrictions on advanced artificial intelligence (AI) chips, and the leading chipmakers Nvidia and AMD bore the brunt of the action. Nvidia's stock tumbled 6.9% after it disclosed a USD 5.5
The latest UNCTAD report sees India positioned to remain the fastest-growing major economy in 2025. It sees India growing by 6.5% in 2025, continuing from about 6.9% in 2024. But UNCTAD sees the global economy struggling with growth and only managing to generate a paltry 2.3% in
The Indian equity market on Wednesday continued its winning streak, for the third day in a row, propelled by a rally in the BFSI and FMCG sectors. The BSE Sensex surged 309.40 points to close at 77,044.29, while the Nifty increased with more ease, tacking on 108.
In a clear uptick in trade tensions, China has told its domestic airlines to stop receiving new planes from the U.S. aerospace giant Boeing. This order, as reported by Bloomberg News and our sources close to the situation, seems to be a direct answer to the recent tariff hikes
On Tuesday, India's equity markets surged, marking a remarkable recovery as trading resumed after an extended weekend. The NSE Nifty 50 Index rose 2.4% and is currently above where it was earlier this month. This brings it to a place where it's not just recovering
In March, India recorded a significant drop in its retail inflation. It zoomed all the way down to its lowest point since August 2019. The country's annual Consumer Price Index (CPI) now reports a number of 3.34%. That is well below the market's forecast of
The swift action taken by the Securities and Exchange Board of India (SEBI) against Gensol Engineering Ltd has led to a ban on the company and its promoter directors from engaging in the securities market. The ruling affects Anmol Singh Jaggi and Puneet Singh Jaggi, who headed the firm until