Zerodha’s Founder and CEO, Nithin Kamath, has issued a candid reflection on India’s broking industry, questioning the sustainability and perceived attractiveness of the business. In a recent LinkedIn post, Kamath highlighted how a majority of brokerage revenue today is concentrated in just two contracts, Nifty and Sensex Futures
OpenAI has gained attention for creating some of the most well-liked AI tools in the world. However, a significant new investigation is now shining a light on OpenAI's governance, work culture, and leadership. What's at the heart of all of this? Sam Altman, CEO. Two nonprofit
This year, Amazon plans to invest $233 million, or more than INR 2,000 crore, in India to develop and improve its operational infrastructure there. As the Seattle-based e-commerce company competes with well-funded companies Zepto, Zomato, and Swiggy in the lucrative rapid commerce market, some of the funds will also
In a block transaction valued at INR 97.44 Cr, VC company Elevation Capital, formerly SAIF Partners India, sold more than 53.98 lakh shares of online travel aggregator (OTA) ixigo on June 19. In contrast to the stock's last closing price of 180.65 on the BSE
According to cybersecurity researchers, they have recently discovered a vast database that contains over 16 billion usernames and passwords, rendering it the most significant data exposure in history. As per recent reports, the passwords that were revealed were probably created by several thieves who stole usernames and passwords using different
Here’s your quick roundup of India’s top startup funding deals and key business developments from 19 June 2025. From major capital raises to regulatory approvals and strategic investments, here’s what’s shaping the ecosystem today. 🚀 Indian Startup Funding Digest – 19 June 2025 Company Sector Funding Raised Lead
Statkraft, a state-owned utility in Norway, plans to reduce yearly expenses by 15% by 2027 in order to adjust to the shifting market conditions through cost-cutting strategies that include technical refocusing and layoffs. By 2027, the business plans to cut salaries and other operating costs by about NOK 2.9
Sam Altman, the CEO of OpenAI, has publicly slammed Meta Platforms for its aggressive hiring practices, claiming that the business failed to attract top OpenAI developers despite offering signing incentives of up to $100 million. Speaking on his brother's podcast, Altman made the argument that such large salary
With immediate effect, Air India would cut its international wide-body flight operations by 15% "at least" till the middle of July. The airline uses its wide-body aircraft to run over 70 foreign flights every day. Due to a number of variables, such as the closure of numerous nations&
According to various media reports, Microsoft is planning to lay off thousands of employees, mostly in its sales business. The layoffs are anticipated to be revealed in early July as the corporation continues to restructure in the face of significant expenditures in artificial intelligence. Following 6,000 layoffs in May
The Securities and Exchange Board of India (SEBI) announced a number of initiatives on 18 June to promote more companies listing on the stock exchanges after reverse flipping to India. These new initiatives lessen the burden of compliance in the stock market ecosystem, and permit increased foreign investment in government
Indian startups continue to attract investor interest across various sectors. Fresh funding rounds are helping them grow faster, improve technology, and expand their reach. Here’s a quick look at the key funding highlights from 18 June 2025. 📰 Funding Summary - 18 June 2025 Company Funding Round Amount Lead Investors
New Delhi [India], June 18: Every morning, for Shruti Mishra, begins with a quiet ritual, a review of the day’s agenda and a strong cup of coffee. It’s a routine that bridges two very different but equally demanding worlds. On one side, she is the founder and driving
Amazon has alluded to additional layoffs in the upcoming years in a recent letter to its staff. In a recent letter to his staff, Andy Jassy, the CEO of Amazon, outlined a clear vision for the company's future. According to the letter, there will be significant changes in
An insolvency plea has been filed against its substantial subsidiary, GlobalBees Brands, over claimed unpaid dues of almost INR 65 crore, according to Brainbees Solutions, the parent company of omnichannel baby products store FirstCry. Ashutosh Garg, Paritosh Garg, and Manju Agarwal have petitioned the National Company Law Tribunal's
illumine, a startup transforming early childhood education through AI, has raised $2.5 million in seed funding from Prime Venture Partners. The funding will accelerate illumine’s product development and international expansion, as the company aims to become the global standard for childcare management software. The idea for illumine was
Tata Consultancy Services (TCS) has implemented a revised associate deployment strategy that requires a minimum of 225 business days of billing yearly in an effort to tighten resource utilisation and decrease idle time. This restricts bench time to 35 days annually, forcing workers to actively look for projects or face
* Leading institutional investors and family offices such as SUD Life, Haldiram’s Family Office, Lotus Holdings, and Narayana Nethralaya join Physis Capital as LPs * Final close expected in the next six to nine months * Physis to invest in high-impact, tech-driven startups from Pre Series A to Series B rounds * Aims
* Extended Series A saw participation from Helios Holdings, Sharda family office, Kay family, and other existing investors * Funding to accelerate expansion to 150+ showrooms across 50+ cities in FY26, deepen product development via the new ‘O100’ platform, and scale production infrastructure within the existing facility Oben Electric, an R&
According to Geoffrey Hinton, the "Godfather of AI", certain occupations are less vulnerable to AI's replacement than others. Hinton stated that AI has the potential to result in widespread unemployment, particularly in white-collar jobs, in an interview that was broadcast on 17 June on the "
Market commentator Sanjiv Bhasin and eleven other individuals and firms have been banned by the Securities and Exchange Board (SEBI), which oversees capital markets, for engaging in front-running and manipulating the market. Additionally, the regulator has ordered that these parties forfeit more than INR 11.4 crore in illegal earnings
Here’s your daily roundup of funding activity and key business developments from India on 17 June 2025. From fresh capital raises to leadership changes, here’s everything you need to know today. 🚀 Indian Funding Digest – 17 June 2025 Company Name Amount Raised Funding Type Sector Key Investors Darwix AI
Darwix AI has raised $1.5 million in a funding round. Key investors and early believers who participated in this round were Rebalance, IPV, JITO Incubation and Innovation Foundation, alongside Growth Sense, Growth91 and notable angels. Key angel backers include prominent startup leaders Ankit Nagori, Sanjay Suri, Amit Lakhotia, and