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&
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
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
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
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,
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&
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
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
According to reports, WhatsApp is introducing passkey support to enable users to recover their encrypted end-to-end chat backups from compatible cloud providers. The functionality enables users to unlock their backups using biometric techniques, including fingerprint, facial recognition, or the screen lock code from their prior device, according to a TechCrunch
The competition for food delivery in India is intensifying once again, and the results of this quarter highlight the disparity more than before. Rival Zomato (Eternal) is booming with record revenues, while Swiggy continues to report growing losses despite robust revenue growth. Fast commerce platform and food delivery On October
The founders, Alakh Pandey and Prateek Maheshwari, are to sell their shares worth INR 720 crore. Here's how the funds...
As the US automaker revives a plant it closed four years ago, Ford Motor Company intends to invest roughly INR 3,250 crore ($370 million) in India to produce new engines, according to a report by Bloomberg. According to a source who asked not to be identified because the plans
Under the leadership of Adesh Kumar Tyagi, Tryfacta Inc., a US-based AI-driven staffing and technology solutions firm, is preparing to file draft papers for an Initial Public Offering (IPO) aimed at raising between $100 and $150 million on the Gujarat International Finance Tec-City (GIFT City) exchange. The filing is expected
The pre-seed round led by Momentum Capital will accelerate Beyond Renewables’ plan to build India’s first large-scale solar waste recycling ecosystem through its proprietary 95% recovery technology, and scale partnerships to tackle the country’s growing 1.2 million-ton solar waste challenge.
As it struggles with the aftermath and other issues following the fatal crash in Ahmedabad that claimed the lives of over 240 people, Air India is now requesting INR 10,000 crore ($1.1 billion) in financial support from its owners, Tata Sons and Singapore Airlines, according to Bloomberg. As
According to an article published by Reuters, OpenAI is preparing for what may be one of the largest initial public offerings in history, which could value the business at up to $1 trillion. The story further noted that OpenAI is thinking about registering with securities regulators as early as the
Pluro is redefining fertility care by partnering with top IVF specialists to offer a world-class, tech-driven “couple-first” experience. Pluro Fertility and IVF, a healthcare partnership platform, has raised ₹125 crore in a Series A funding round led by Bessemer Venture Partners, valuing the company at ₹1,000 crore. The funding
India’s startup ecosystem witnessed another dynamic day filled with major funding announcements, tech partnerships, and strategic rebrands. From mobility and fintech to biotech and AI, several startups secured significant capital to scale innovation and expand market reach. On the technology front, Google’s collaboration with Reliance Jio aims to
After acquiring the email programme Superhuman in July, Grammarly has declared that it is changing its name to "Superhuman". According to the corporation, Grammarly will continue to function and have its current identity despite the new name. Long term, the company is also thinking of rebranding other products
Google and Reliance Industries have launched a strategic agreement that will provide eligible Jio consumers free access to Google AI Pro, a premium product worth INR 35,100 per user, for 18 months. As part of Reliance's "AI for All" mission, the partnership seeks to democratise
Affirma Capital, in partnership with 360 ONE Asset and others, has announced an investment of up to $56 million in RMSI Limited, a leading engineering and geospatial services company. The transaction, led by Affirma Capital, marks the first investment from its India-focused fund, Agastya Capital India Growth Fund, undertaken in
* Drip Capital’s total debt funding raised to date exceeds $500 million, supported by global partners including Barclays, World Bank’s International Finance Corporation (IFC), and East West Bank * The latest round of funding, led by Toronto-Dominion Bank, strengthens Drip Capital’s global platform for small and mid-sized businesses (SMBs)
Sam Altman, the CEO of OpenAI, announced on 30 October a bold trillion-dollar plan to significantly grow the company's artificial intelligence infrastructure, marking a significant change from a research-focused organisation to a major commercial force. Altman declared that OpenAI intends to construct roughly 30 gigawatts of computer capacity
On 29 October, General Motors (GM) declared its intention to reduce the manufacture of batteries and electric vehicles in the United States. In response to a slowdown in demand for battery cars, it plans to lay off 1,200 employees at its EV facility in Detroit and 550 at a