Over 1,100 employees will be let go by JioStar as the newly established joint venture between Viacom18 of Reliance Industries Ltd. and the India division of The Walt Disney Co. eliminates overlapping responsibilities as a result of the merger. According to media reports, the departures began a month ago
According to government sources, public consultations on the draft Digital Personal Data Protection (DPDP) laws are now complete, and the final version could be released in the next eight weeks or so. The draft will not significantly alter anything. There won't be another extension for receiving the remarks,
In addition to developing India's largest supercomputer, Ola's artificial intelligence (AI) initiative, Krutrim, announced on 6 March that it is collaborating with Lenovo to develop Krutrim 3, a 700-billion-parameter large language model (LLM). At the Lenovo Tech World India 2025 in Mumbai, Ola's chief
MapMyCrop, the world's first MaaS-based 360-degree Imagery Agro suite, has announced the closure of its Seed funding round, raising $1.8 million. The round was led by YourNest Venture Capital with a contribution from other angel investors, including Eaglewings Ventures. The investment will be used to expand operations,
New Delhi, 06th March 2025: Cellecor Gadgets Limited, one of India’s fastest-growing consumer electronics brands, has partnered with Zepto, India’s leading quick commerce platform, to enable users to purchase Cellecor’s range of products seamlessly through Zepto’s rapid delivery network. Through this partnership, Cellecor aims to enhance
India’s most valuable drone startup, Garuda Aerospace, announces a strategic investment in Zuppa, an indigenous deep-tech startup specializing in cyber-secure drones and advanced autopilot systems. Garuda Aerospace’s investment in Zuppa marks a major milestone in strengthening the Make in India drone ecosystem, aligning with the government’s vision
According to a senior Jabil official on 6 March, the US electronics manufacturer Jabil wants to invest about $125 million to establish a silicon photonics production facility in Gujarat. Jabil has decades of experience in silicon photonics technologies, according to Matt Crowley, Executive Vice President, Global Business Unit, who spoke
Mukesh Ambani and his daughter Isha Ambani are reportedly considering job and cost reductions as sales of Reliance Retail declines sharply. This includes reducing marketing expenditures, postponing the opening of new stores, combining Reliance Brands Ltd. with the bigger retail company, and reevaluating international brand alliances. Additionally, higher-paying staff will
At its FAST FORWARD India '25 Product and Technology exhibition, EV manufacturer Ultraviolette unveiled its latest motorcycle model, Shockwave, along with Tesseract, the first scooter in its lineup. Among its other features, the Tesseract has a range of 261 kilometres, an acceleration time of 2.9 seconds from 0
For its impending initial public offering (IPO), NoPaperForms has hired two investment bankers. The company offers SaaS-based enrolment automation solutions under the Meritto name, has hired two investment bankers. According to a media report, which cited people familiar with the situation, the Naveen Goyal-led business has chosen IIFL Capital and
Satellite internet may be available in Indian skies as early as June. The Telecom Regulatory Authority of India (TRAI) is finalising a series of recommendations regarding the cost and usage of satellite communications that have been in the works for almost two years. The introduction of a framework and the
An antitrust action against Microsoft for including its antivirus software with the Windows 10 operating system (OS) has been dropped by the Competition Commission of India (CCI). According to the regulator, there is no proof that Microsoft has imposed any limitations or requirements on customers' usage of the antivirus
On February 4, the packaged goods business Adani Wilmar Ltd. agreed to acquire G.D. Foods Manufacturing (India) Pvt. Ltd., a smaller competitor that produces Tops noodles and ketchup. According to a stock exchange filing by Adani Wilmar, the acquisition would be carried out in many phases, with 80% of
Tata Motors has begun testing hydrogen-powered heavy-duty trucks for the first time. This development is aligned with India's goal of having net-zero emissions by 2070. The Union Minister of Road Transport & Highways, Nitin Gadkari, and the Union Minister of New and Renewable Energy, Pralhad Joshi, officially launched
To make matters worse, Ola Electric Mobility has apparently received a notice from the Ministry of Heavy Industries (MHI) for not fulfilling its obligations under the National Programme on Advanced Chemistry Cell (ACC) Battery Storage PLI program. In addition to Ola, the notifications were also sent to Reliance and Rajesh
Deepinder Goyal, the man who built Zomato while most of us were still figuring out our lunch money, recently made a bold claim about Quick Commerce. In an Economic Times article, he suggested that the industry is collectively burning ₹5,000 crore per quarter, with Zepto allegedly responsible for “substantially
In response to a recent decision by the Delhi High Court's Division Bench, Reliance Industries Limited (RIL) has declared its plan to contest a $2.81 billion demand from the Ministry of Petroleum and Natural Gas. A long-running dispute about purported gas migration from Oil and Natural Gas
OYO, a travel tech platform, is speeding up its plans for an IPO as it approaches a significant deadline for year-end debt payments. A media agency reported that if the business doesn't go public by October, creditors, notably Mizuho Financial Group Inc., are putting pressure on founder Ritesh
Digiledge, a Bengaluru-based fintech SaaS platform, was purchased by Mintoak to expand its digital payments platform to include bill payment and Central Bank Digital Currency (CBDC) solutions. The financial business will function as a Mintoak subsidiary after the acquisition, which was completed in an all-cash transaction. The deal's
Priyank Kharge, Karnataka's IT minister, has alerted to take regulatory action against e-commerce and fast commerce platforms if they don't enhance customer service and complaints. According to the minister, current technological solutions—like chatbots used by different platforms—cannot resolve client complaints, leaving people stuck in
Over the next four to five years, Amazon Web Services (AWS), the company's cloud computing division, plans to invest $8.2 billion in Maharashtra. Ashwini Vaishnaw, the Minister of Electronics and Information Technology, reaffirmed the declaration and emphasised the investment's positive effects on the economy and
FluxGen Sustainable Technologies Pvt Ltd, a leading climate tech company in end-to-end smart water management solutions, has raised ₹28 crore in a pre-series A funding round led by IAN Alpha Fund. The round also saw participation from Rainmatter, Gameskraft Technologies, Intersection Ventures, and Force Ventures, along with existing investors Axilor
New Delhi, 4th March 2025: Beams Fintech Fund, a leading growth-stage private equity fund focused on the Fintech and Financial Services sector, has announced a follow-on investment in its portfolio company, InsuranceDekho, as part of a $70 million funding round. The round was co-led by Beams Fintech Fund, Japan’s
Bank of India (BOI) has taken a significant step in expanding its footprint by inaugurating 111 new branches across the country. The virtual inauguration was led by the Managing Director & Chief Executive Officer, Mr. Rajneesh Karnatak, reinforcing the bank’s commitment to financial inclusion and enhanced customer accessibility. The