Vertiv to Acquire PurgeRite for $1 Billion to Expand Liquid Cooling Services Portfolio

The planned acquisition is set to boost Vertiv’s leadership in next-generation thermal management for AI and high-density data centres.

Smart Parking Startup Blyp Raises ₹50 Lakh After Featuring on Zee TV’s IdeaBaaz

Blyp, India’s leading smart parking solutions provider (formerly known as ParkMate), was recently featured on Zee TV and ZEE5’s entrepreneurship show, IdeaBaaz, which highlights India’s most promising startups and visionary founders driving real-world impact. The fourth episode of IdeaBaaz, featuring Blyp, aired on 2 November 2025 at

Interview with Fintech Visionary Manish Baranwal: The Indian Technologist Powering Global Payment Transformations

New Delhi [India], November 4: From building SEPA and HVPS+ systems across Europe to modernising the UK’s Faster Payments infrastructure, Manish Baranwal represents India’s growing influence in global fintech innovation and leadership. Q1: Manish, your fintech journey spans continents and core infrastructure. What first sparked your path into

Norway, Abu Dhabi, and Singapore Sovereign Funds Back Groww’s $754 Million India IPO

As part of its $754 million initial public offering (IPO), Indian broking Groww has sold shares valued at 29.85 billion rupees ($339.61 million) to anchor investors, including sovereign investors from Norway, Abu Dhabi, and Singapore. According to an exchange filing made late on November 3, shares of Groww&

AWS and OpenAI Forge Multi-Year Strategic Partnership to Accelerate AI Innovation and Cloud Integration

OpenAI and Amazon Web Services (AWS) established a multi-year strategic relationship that would enable OpenAI to run and grow its key artificial intelligence (AI) workloads immediately using AWS's top-tier infrastructure. In order to quickly scale agentic workloads, OpenAI is gaining access to AWS computing, which consists of hundreds

Daily Indian Funding Roundup & Key News – 3rd November 2025: Goyaz Raises INR 130 Cr, Pine Labs & Shadowfax File for IPOs, Lenskart Unveils AI Smart Glasses

India’s startup and tech ecosystem saw a mix of funding activity, IPO filings, and major product announcements today. From jewellery brand Goyaz securing fresh Series A capital to fintech major Pine Labs and logistics player Shadowfax gearing up for their IPOs, and Lenskart revealing plans for AI-powered smart glasses

Inside the $500 Million BlackRock Fraud Scandal: Who Is Bankim Brahmbhatt?

Indian-origin CEO Bankim Brahmbhatt is suspected of fabricating emails, invoices, and assets to secure loans from HPS Investment Partners and...

Shadowfax Technologies Files for ₹2,000 Crore IPO with SEBI

Plans to Raise ₹1,000 Crore via Fresh Issue and ₹1,000 Crore through Offer for Sale Shadowfax Technologies Limited (“Shadowfax” or “the Company”), a technology-driven third-party logistics (3PL) company, has filed its Draft Red Herring Prospectus (UDRHP-I) with the Securities and Exchange Board of India (SEBI) to raise up

Tata Capital Secures $16 Million Green Climate Fund to Boost India’s Climate-Tech Startup Ecosystem

Receives Additional $3 Million Grant under GCF’s BEACON INDIA Programme to Support Early-Stage Climate Ventures Tata Capital Limited (TCL), the flagship financial services arm of the Tata Group, has announced its partnership with the Green Climate Fund (GCF) under the newly approved BEACON INDIA Programme, aimed at supporting early-stage

Apple to Power Next-Gen Siri with Google’s Gemini AI for Smarter Voice Assistance

According to reports, Apple is getting ready to include Google's Gemini AI model into a redesigned Siri, marking a rare partnership between two of the tech industry's most competitive rivals. This is a surprising turn in the AI arms race. The new Siri, which is a

Poonawalla Group Acquires Stake in Macron Group to Strengthen India’s Logistics and Supply Chain Ecosystem

In a move set to accelerate growth and innovation in India’s $380 billion logistics industry, the Poonawalla Group, led by Yohan and Michelle Poonawalla, along with their associate partners, has announced a strategic investment in Macron Group, a diversified enterprise specialising in integrated supply chain solutions, record management, and

Lenskart to Launch AI-Powered Smart Glasses in December to Expand Tech Wearable Lineup

According to persons familiar with the situation, eyewear giant Lenskart is preparing to introduce its first pair of AI-powered smart glasses by the end of December, establishing itself as a technology-led lifestyle brand. Called "B by Lenskart Smartglasses" internally, the future gadget is anticipated to incorporate UPI payment

Allcargo Logistics Completes Demerger of Global Supply Chain Business to Drive Focused Growth

In a significant commercial move, Allcargo Logistics Limited, the top provider of integrated logistics solutions in India, has successfully demerged its International Supply Chain (ISC) division into Allcargo Global Limited, a new publicly traded company, with effect from November 1, 2025. The action comes after an October 10, 2025, order

ED Attaches Assets Worth Over INR 3,000 Crore in Money Laundering Case Against Anil Ambani

As part of a money laundering investigation into his group firms, the Enforcement Directorate (ED) has seized assets connected to Reliance Group Chairman Anil Ambani valued at over INR 3,000 crore, according to government sources on Monday, November 3, 2025. In addition to other residential and commercial assets owned

Pine Labs IPO to Open on November 7, Targets INR 2,080 Crore Through Fresh Issue

In order to raise INR 2,080 crore through a new share issuance, fintech company Pine Labs is preparing to make its initial public offering (IPO) on November 7. On November 11, the company's first public offering will come to an end. The red herring prospectus (RHP) states

Zepto Drops Handling and Surge Fees on All Orders After $450 Million Funding Round

Weeks after concluding a $450 million investment round, the quick commerce platform Zepto has lowered the minimum order amount to INR 99 for free delivery and eliminated the handling fee and surge charge that are assessed to its customers for each order. The company is promoting "zero handling fee&

Microsoft to Expand Hiring With ‘More Leverage’ From AI, Says CEO Satya Nadella

In a 31 October podcast, CEO Satya Nadella informed investor Brad Gerstner that Microsoft will once again increase its workforce. The staff of the software company remained steady throughout the fiscal year 2025, which concluded in June. It was 228,000, but several rounds of layoffs reduced that figure by

Over 1 Lakh Tech Workers Laid Off in 2025 as AI Reshapes Industry; Amazon, Intel, TCS Among Top Firms

According to data from Layoffs.fyi, the IT industry's major layoff wave has gotten worse in 2025, with over 1,000,000 workers losing their employment at 218 organisations so far. After years of overexpansion during the pandemic, tech firms from Bengaluru to Silicon Valley are reducing workers

OpenAI to Limit Free Sora AI Video Generation, Introduces Paid Plans for Additional Usage

With its AI-generated app Sora, OpenAI will begin charging users to produce further videos. This adjustment has been implemented for all users who surpass the free daily limit, according to a statement made by Sora head Bill Peebles on X. When more people join the platform in the future, the

Samsung and Nvidia Partner to Build AI Megafactory Powered by 50,000 GPUs for Next-Gen Computing

In collaboration with US chipmaker Nvidia, Samsung has revealed plans to build a next-generation artificial intelligence (AI) "megafactory". Focus Taiwan reported on the venture, which was unveiled on 31 October and intends to incorporate AI into Samsung's whole semiconductor manufacturing ecosystem. Samsung claims that the platform,

Apple Sets New Record in India with All-Time High Quarterly Revenue Fueled by Soaring iPhone Sales

With unprecedented iPhone sales in the second-largest smartphone market in the world, where demand for high-end devices is setting new records, Apple earned its highest-ever quarterly revenue in India in the three months ending in September. In India, Apple saw consistent, strong demand for the iPhone, particularly during the quarter&

Hindustan Unilever Receives INR 1,986 Crore Tax Demand Notice from Indian Authorities

On 31 October, Hindustan Unilever disclosed that company has received a sizable tax notice totalling INR 1986 crore. The UK-based company's Indian division claimed that the Income Tax Department had questioned certain of its tax-related depreciation claims and contested the valuation of several related-party transactions. The business, which

Daily Indian Funding Roundup & Key News – 31st October 2025: Snapmint Raises $125 Mn, Pluro Fertility Secures INR 125 Cr, PhysicsWallah IPO Plans & More

India’s startup ecosystem wrapped up October with major funding and IPO action. Fintech major Snapmint led the day with a $125 Mn Series B, followed by Pluro Fertility, Goyaz, and Jupiter securing growth capital. Meanwhile, PhysicsWallah announced plans for a INR 3,820 Cr IPO, and Lenskart raised INR