Paytm’s 4,600 Layoffs in 2025: A Costly Cut or Smart Strategy?
Paytm took “tough calls” to let go of 4,600 employees and made a profit of ₹123 crore. Here’s how they did it.
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Starlink to Store All User Data Locally in India, Says Government
According to Pemmasani Chandra Sekhar, Minister of State for Communications, Elon Musk's Starlink satellite internet service will store its network data, traffic, and other information locally in India. "Security conditions, among other things, include the establishment of earth station gateway(s) in India for providing satellite-based communication
Reliance Retail Writes Off INR 1,645 Cr Dunzo Investment Amid Startup Collapse
All of Reliance Retail's investments in the now-defunct hyperlocal delivery business Dunzo have been formally wiped off. The conglomerate's 78,923 equity shares of Dunzo, which were internally valued at INR 1,645 Cr in FY24, were worth nothing during the fiscal year under review, according
Trump’s 50% Tariff Hits Indian Textiles: Amazon, Walmart To Stop Buying Goods
Indian exporters are getting calls and emails asking to stop sending goods or to bear the extra costs. Learn more.
Crack JEE Main & Advanced with Confidence: ExamPraxis Brings Scientific and Affordable Learning to Every Student
New Delhi [India], August 8: The Joint Entrance Examination (JEE Main & Advanced) is one of the most competitive and challenging exams in India, opening the doors to prestigious institutions like the IITs, NITs, and IIITs. Each year, over 1.5 million studentscompete in JEE, yet only a small fraction
NPCI Blames Partner Bank Glitches for UPI Outage Affecting Millions
The widespread UPI outage on 7 August was attributed by the National Payments Corporation of India (NPCI) to internal technical issue at a "few" partner banks. The payments organisation stated that the problem has been resolved and that the NPCI systems were "functioning perfectly" in a
Trump Imposes 100% Tariff on Semiconductors to Boost U.S. Chip Manufacturing
A harsh 100% tariff on imported computer chips and semiconductors was announced by US President Donald Trump on 6 August. This action may result in increased costs for tech-driven goods, including appliances, autos, and electronics. As he and Apple CEO Tim Cook spoke at the Oval Office, Trump declared, "
AU Small Finance Bank Shares Jump 7% as RBI Grants Universal Bank Licence Approval
The RBI's in-principle approval of AU Small Finance Bank's conversion from a Small Finance Bank to a Universal Bank caused its shares to soar by more than 7% on 8 August. In the first trade, shares of AU Small Finance Bank surged up to 7.52%
Trump Urges Intel CEO Lip-Bu Tan to Resign Over Alleged China Ties
The CEO of the US chipmaker Intel has been urged by President Donald Trump to step down "immediately" after being accused of having problematic ties to China. He said that CEO Lip-Bu Tan was "highly conflicted" in a social media post, seemingly alluding to Mr Tan&
Dell Hits Delete: Employee Layoffs Continue In 2025
Dell is charging towards AI and has let go of its Sales and New Logo team…
Eternal Hit With INR 1.34 Cr GST Demand for FY22, Set to Challenge Order
A tax demand and penalty order totalling INR 1.34 Cr for the fiscal year 2021–2022 has been issued to Eternal, a food delivery and rapid commerce company. Tax Order Issued by Lucknow Authorities According to a stock exchange filing by the firm, which owns Zomato and Blinkit, the
AI Is the New Classroom: Gemini Launches "Guided Learning" For Students
AI is doing the homework, as the survey shows 89% students use AI daily. Will Google’s ‘Guided Learning’ change this?
Daily Indian Funding Roundup & Key News - 7 August 2025: RENÉE Cosmetics Raises $30M, TCS Salary Hike, Bluestone Stake Exit & More
On 7 August 2025, RENÉE Cosmetics made headlines by raising $30 million in its Series C, achieving a $200 million valuation, a testament to its strong growth trajectory and omnichannel ambitions. Meanwhile, in the IT sector, TCS announced upcoming salary hikes for 80% of its workforce, set to take effect
Adani Power to Invest $3 Billion in 2400 MW Thermal Power Plant in Bihar
Adani Power announced on 7 August that it had obtained a Letter of Intent (LoI) to invest $3 billion in the development and operation of a 2,400 MW greenfield thermal power project in Bihar. 2,400 MW Thermal Project to Supply Power to Bihar Utilities North Bihar Power Distribution
Oops, Did GPT-5 Just Get Leaked Before Getting Launched?
Key information about GPT-5 leaked through a blog post on GitHub is now deleted. Launch date, improvements, and more…
AI Collapse of Middle Class by 2027: Ex-Google Exec Mo Gawdat Warns of White-Collar Job Loss
Former Google executive Mo Gawdat issued a warning on the Diary of a CEO podcast, stating that middle-class livelihoods would soon be destroyed by artificial intelligence (AI). He predicted that automation driven by AI would end all occupations, from podcasters to software engineers and CEOs, and that the disruption would
India’s Gifting Startups Secure $115.9 Million Over a Decade, Signalling Steady Sectoral Growth: Tracxn
Key highlights: * Indian gifting startups raised $115.9M between 2015–2025 YTD, and $57.6K in 2025 YTD. * All-time funding in India stands at $159.4M * Indigifts was the only Indian startup to raise capital in 2025 YTD, backed by Ritesh Agarwal and Vineeta Singh * Top-funded Indian startups include Xoxoday
RENÉE Cosmetics Raises $30 Million in Series C, Hits $200 Million Valuation
Aims to strengthen product innovation, expand offline retail and double down on tech and marketing RENÉE Cosmetics, one of India’s fastest-growing beauty brands, has raised $30Mn in a new funding round, at a valuation $200Mn. The round was led by Playbook with secondaries from Midas, including a mix of
TCS Announces Salary Hike for 80% Employees Amid Layoffs and Market Uncertainty
TCS has announced a salary hike for approximately 80% of its employees, primarily from fresher to mid-level roles, starting September 1, 2025. This comes amid a challenging business climate and a planned layoff of around 12,000 senior staff.
MangoPoint Raises USD 1 M Led by Inflection Point Ventures to Scale Chemical-Free Mango Exports
Chennai, 7th August 2025 - Chemical-free high-quality fresh mangoes exporter MangoPoint raises USD 1 Million in Pre-series A round led by Inflection Point Ventures, one of India’s largest angel investing platforms to expand infrastructure, reach additional markets, strengthen backend and increase product portfolio. The round also saw participation from
Outzidr Raises ₹27 Crore in Pre-Series A Round Led by RTP Global
Bengaluru, India, August 7, 2025 – Outzidr, the fast-growing fashion brand built for Gen Z women, has raised ₹27 crore (~$3.1 million) in a pre-Series A round led by RTP Global, with participation from existing investor Stellaris Venture Partners. Founded in 2024 by a team with deep fashion and operations
No More Middlemen: TCS Cuts Vendor Access After Laying Off 12000 Employees
TCS cut off ties with vendors after laying off 12000 employees and is in the hunt for the right talent.
Mira Murati Says No To $1 Billion Offer, Angry Mark Zuckerberg Is Now After Her Startup
Mark Zuckerberg is said to be after a startup company that hasn’t launched a product yet. Know why…