The US economy saw a contraction of 0.3% in the first quarter of 2025. This largely unexpected drop in the economy underscores the growing influence of trade uncertainty on the behavior of businesses and on our wider economy. It's driven primarily by businesses importing more goods in
A decisive step toward international expansion was taken by Paytm Cloud Technologies Ltd, a subsidiary of Indian fintech Paytm, with the incorporation of a new wholly owned subsidiary in the United Arab Emirates. Named Paytm Arab Payments LLC, the new entity was formed with an equity infusion of AED 8
Zaakpay, a fully owned arm of MobiKwik, has received the Reserve Bank of India’s (RBI) nod to work as an online payment aggregator. Approval was granted under the Act of 2007 that governs payment and settlement systems in India. With that, Zaakpay can now act as a legal intermediary
In a recent LinkedIn post, Nithin Kamath, the founder and CEO of Zerodha, issued a stark warning about a rising investment fraud that has trapped thousands of unsuspecting investors across India, the WhatsApp investment scam. According to Kamath, this scam is now the most widespread and damaging among stock market
WinZO, India’s largest interactive entertainment platform, announced its audited financial results for the fiscal year ending March 31, 2024, reporting record-breaking revenue and profitability despite a dynamic regulatory landscape. It is noteworthy that FY24 reflects only six months of the impact from the 400% increase in GST on online
Just in time for the Akshaya Tritiya festival, Swiggy's quick commerce vertical, Instamart, has teamed up with Kalyan Jewellers to provide quick doorstep delivery of gold and silver coins in over 100 cities. Through the fast commerce platform, clients will be able to order 24-karat BIS-hallmarked gold coins
UPS announced on April 29 that it would eliminate 20,000 positions this year, or around 4% of its global workforce. However, UPS clarified that the decision has nothing to do with tariffs and is instead the result of a previously declared goal to reduce its Amazon business and increase
* Vividobots is a Chennai-based robotic automation startup transforming the high-rise real estate maintenance sector. * The funds will be utilized to enhance product innovation and expand vertical-specific robotic deployments. * The startup is among the ‘Top 10 Real Estate Tech Startups’ by Mahindra LEAP 2023 and a portfolio company of Brigade REAP.
Under the leadership of Chief Minister Devendra Fadnavis, the Maharashtra Cabinet has approved the new electric vehicle (EV) policy 2025. The new policy aims to increase the state's manufacture and use of electric mobility. The policy will be in place till 2030 and will be implemented with INR
Given the growing trade tensions between Washington and Beijing, these events represent a significant step in Apple's strategy to diversify its supply chain and lessen its dependency on China.
The email service was allegedly used to send offensive emails about the petitioner's employees, according to the plea, which also stated that investigations are impossible due to the anonymity of the site.
Additionally, it is the first Paperwhite to receive an improved dual-core processor, which, according to Amazon, increases responsiveness and speeds up page turns by 25%.
In a bold move that indicates the increasing impact of artificial intelligence, OpenAI has appended shopping hallmarks to ChatGPT, its well-liked conversational AI. The development allows users to scour for prices, peruse evaluations, and access direct links to make purchases, all within the app. OpenAI was at pains to point
In recent weeks, crude prices have confronted a pressure that seems unending, falling to levels not seen in four years. The energy market, which had been relatively stable, even and predictable a few months ago, has been turned upside down by a combination of weakening consumption indicators, rising stockpiles, and
Mother Dairy will up the price of its milk variants by as much as INR 2 per litre, effective April 30, 2025. The price hike will hit consumers in Delhi-NCR, Uttar Pradesh, Haryana, and Uttarakhand, the six states where the company has its largest markets. A company statement characterized the
The managing director and chief executive officer of IndusInd Bank left his post on April 29, just hours after the stock market closed and right after the bank allegedly announced that it was thinking of redoing assets on its balance sheet, something that S&P Global Ratings had already
The Government of India launched Sovereign Gold Bonds (SGBs) in 2015, and since then, they have provided investors an exclusive means to latch onto gold's price uptrend while pocketing fixed returns. Storage and authenticity worries do not plague SGB investors as they do with direct gold ownership. Additionally,
The goal of the acquisition is to leverage Redwolf's knowledge of fan merchandise to improve the startup's goods and services. Ameya Thakur, Rahul Jaisheel, and Vivek Malhotra founded Redwolf, a clothing company that creates and produces graphic t-shirts and other accessories, in 2011.
This is the fourth round of exits at the Bengaluru-based software behemoth. About 150 of the affected individuals have signed up for outplacement services, while about 250 have enrolled in upskilling programmes offered by NIIT and UpGrad.
The lender in the private sector was responding to news that over 100 top staff members had been asked to resign.
VerSe Innovation, the parent company of DailyHunt and Josh, is situated in Bengaluru. In its audit report for the fiscal year that ended in March 2024 (FY24), Deloitte found flaws in its internal financial controls.
Canara HSBC Life Insurance Company Limited, a prominent bank-led private player in the Indian life insurance sector, has filed its Draft Red Herring Prospectus (DRHP) with SEBI for an Initial Public Offering (IPO). Canara Bank and HSBC Insurance (Asia-Pacific) Holdings Limited are the promoters of the company. The offer comprises
Franklin Templeton Category II Alternative Investment Fund Trust, a Category II Alternative Investment Fund (AIF) is managed by Franklin Templeton Alternative Investments (India) Pvt. Ltd. Franklin India Credit AIF – Scheme I, the first scheme under the above license has been established in accordance with Securities and Exchange Board of India