L’Oréal India posted a 23% jump in profit to ₹597 crore for FY25, even as sales grew modestly amid increasing competition from digital-first beauty brands. The company plans to double its India business and boost local manufacturing in the coming years.
Lenskart has received SEBI’s approval to launch its IPO, planning to raise ₹2,150 crore through a fresh issue of shares. The eyewear retailer aims for a November 2025 listing as it expands its store network, boosts technology, and strengthens its presence in the Indian eyewear market.
India’s business and startup ecosystem witnessed notable developments on 3rd October 2025. Luxury watch retailer Art of Time secured fresh capital to expand its presence, while IOC GPS Renewables raised significant debt funding to accelerate its clean energy projects. On the corporate front, Zomato’s parent Eternal rolled out
The AI Browser war begins as Opera launches Neon, OpenAI is set to launch one soon, and Perplexity is made free with Comet, with Comet Plus available for $5/month...
'Aapli ST' is a new mobile application that the Maharashtra State Road Transport Corporation (MSRTC) has released to let people commute more conveniently and easily. The software helps commuters avoid lengthy waits at bus stops by providing real-time bus location information. The app's Passenger Information System
In a landmark shift in India’s entertainment and wealth scene, Shah Rukh Khan has officially entered the billionaire club, becoming the richest actor ever recorded in the Hurun India Rich List 2025. Meanwhile, in the broader Indian context, Mukesh Ambani has reclaimed the top spot as the country’s
Actress and Entrepreneur Mouni Roy has been announced as the brand ambassador of Ivana Jewels, one of India’s fastest-growing lab-grown diamond jewellery brands. To mark this association, the brand has launched its first television commercial, featuring the actress. The campaign carries the message - “See it. Wear it. Believe
Perplexity AI’s Chennai-born founder makes his debut on the Hurun India Rich List 2025 and becomes India’s youngest billionaire with a ₹21,190 crore net worth.
Grey Market signals lukewarm buzz with INR 15 above the issue price. Here are the key dates, price band, risks, and Analysts' opinions...
Global technology giant Zoho Corporation on 1st October unveiled Vani, a new brand inside the organisation that offers an all-in-one, intelligent platform that prioritises visuals and offers a fresh take on workplace creativity and collaboration. Through the use of whiteboards, flowcharts, diagrams, mind mapping, and video conferencing, Vani enables teams
According to a CNBC story, Google has let go of over 100 workers in design-related positions. Employees in the cloud division's "platform and service experience" and "quantitative user experience research" teams, as well as a few other departments, were impacted by the layoffs that
Thinking Machines Lab is out of Stealth Mode with its first product launch called "Tinker." The AI helps build...
Zomato’s parent company, Eternal Ltd., has approved a fresh grant of employee stock options (ESOPs) worth approximately INR 211 crore, covering 64.13 lakh equity shares. The allotment aims to reward and retain key talent amid a competitive market. Details of the ESOP Allotment The Nomination and Remuneration Committee
In an effort to free up CEO Satya Nadella and his engineering executives to focus on technical innovation, especially in artificial intelligence, Microsoft is reorganising its senior leadership team. Long-time sales boss Judson Althoff will now be in charge of marketing and operations. On October 1, Nadella sent out an
Employees are growing more concerned that their employment may be in jeopardy due to a surge of cost-cutting driven by artificial intelligence (AI). Jensen Huang, the CEO of Nvidia, is also not providing any consolation. He claimed that electricians, plumbers, and carpenters will be the true beneficiaries of the AI
Months after announcing a global restructuring programme, Procter & Gamble Co. said it would be closing its operations in Pakistan. The Cincinnati-based firm stated in a statement that P&G Pakistan, which produces Tide detergent and other home products, will stop its manufacturing and commercial operations as well as
As the Indian IT giant reduces people in response to changing customer demands and increasing automation, IT juggernaut Tata Consultancy Services (TCS) is providing severance compensation of up to two years' salary to long-serving employees whose skills no longer match corporate needs. In an effort to become more flexible
On October 2, 2025, the Ministry of Electronics and Information Technology announced that more incentive applications had been submitted to the Electronics Component Manufacturing Scheme (ECMS) than the Union Cabinet had set as a goal. While the aim is just INR 59,350 crore, the IT Ministry has received applications
Ghazal Alagh, co-founder of Mamaearth and Chief Mama at Honasa Consumer Ltd., has cautioned entrepreneurs and business leaders that the real threat in 2025 isn’t artificial intelligence (AI) itself, but refusing to learn and adopt it. She highlighted businesses that ignore AI risk falling behind those that use it.
Simpl, a Bengaluru-based Buy Now, Pay Later (BNPL) fintech startup, has laid off approximately 100 employees following regulatory actions by the Reserve Bank of India (RBI). This move is part of a broader restructuring effort after the company was directed to halt its payment operations. RBI Orders Simpl to Cease
Elon Musk has made history again. The Tesla and SpaceX chief has become the first person in the world to cross a net worth of $500 billion, as reported by Forbes’ Real-Time Billionaires Index on 1 October 2025. The milestone cements Musk’s place as the richest individual on the
India’s startup and business ecosystem saw notable moves on 1st October 2025. GrowXCD Finance raised INR 200 crore for SME financing, Mishmash Naturals secured INR 2.4 crore in pre-seed funding, LG Electronics India prepares for its INR 11,600 crore IPO, Zomato and Swiggy launched food health scores,
In an effort to decrease expenses and adjust to new technology, the German airline firm Lufthansa has stated that it will lay off 4,000 employees by 2030, the majority of whom will be in Germany, according to news agency AFP. Rather than operational professions like pilots, cabin crew, or
Given that most of India is going cashless, will charging on UPI payments make Indians revert to cash? Can UPI not be free forever? Learn more.