The Unified Pension Scheme (UPS) for central government employees will go into effect on April 1, 2025, according to a notification from the Pension Fund Regulatory Authority of India (PFRDA).This implies that central government workers who are now employed and covered by the National Pension Scheme (NPS) as well
In a regulatory statement on 25 March, Ola Electric Technologies Private Limited, a division of Ola Electric Mobility Limited, stated that it had settled its financial disagreements with the Rosmerta Group and that as a result, insolvency proceedings had been withdrawn against it. Earlier insolvency filings against Ola Electric Technologies
India has accused South Korean tech giant Samsung of tax cheating in the purchase of necessary telecom equipment and has imposed a $601 million tax demand on the company. One of the largest orders in recent years, it may have a significant impact on Samsung's net profit in
The Bengaluru-based startup Aukera Jewellery, specialising in lab-grown diamond (LGD) jewellery, is in talks to raise $15 million in a Series B funding round led by Peak XV Partners. This funding will help scale operations for the company due to increasing competition in the $2.6 billion LGD market in
After turning down a takeover offer from its departing CEO, the US genetic testing business 23andMe has declared bankruptcy and is searching for a buyer. Late on 23 March, 23andMe, a company that charges less than $200 for a mail-back saliva test that can identify ancestry or specific genetic features
At a total project cost of INR 118.8 crore, Fractal Analytics, an artificial intelligence startup based in Mumbai, has planned to construct India's first large reasoning model (LRM). Fractal has proposed to the IndiaAI Mission that the government provide INR 76.6 crore in external finance for
At a recent internal town hall meeting, Amazon CEO Andy Jassy highlighted a major change in the company's promotion strategy, stressing that growing big teams will no longer be the route to promotion at the e-commerce behemoth. Jassy informed staff that Amazon is actively altering its perspective on
India plans to eliminate the Google tax, a 6% equalisation levy levied on online advertising services provided by Google and Meta, starting on April 1. The action is probably intended to appease US President Donald Trump, who has threatened to impose retaliatory tariffs on nations that, starting on April 2,
Hotels today are more than just places to stay, they are immersive experiences that shape guest perceptions through aesthetics. From grand lobbies to carefully curated artwork, the design of a hotel influences emotions, relaxation, and overall satisfaction. The strategic use of art, architecture, and interior design helps hotels create a
Apna Mart, an omnichannel grocery and FMCG retail chain has secured INR 214.5 crore (around $25 million) in a new funding round. The investment includes a mix of equity and debt, with Fundamentum Partnership Fund and Accel leading the round. Existing investors also participated. According to regulatory filings, the
According to reports, Samsung is developing a new line of extended reality (XR) smart glasses. Similar to the recently disclosed Project Moohan headgear, Google's Android XR platform is anticipated to power these smart glasses. As the XR headset is anticipated to be more complicated to use in contrast,
A media outlet reported on March 24 that Mahindra & Mahindra (M&M) is in negotiations to acquire the entire value of Sumitomo Corp's stake in SML Isuzu, a manufacturer of heavy vehicles in Japan. The agreement will probably aid M&M's entry into
China's People's Liberation Army (PLA) has begun utilising the recently launched Chinese AI tool "DeepSeek" for non-combat support tasks, particularly at military hospitals, to help the doctors create treatment plans in addition to other civilian areas. As per a Chinese media house based in
As part of a global staff reduction initiative, American aircraft manufacturer Boeing sacked over 180 workers at its engineering technology centre in Bengaluru, Karnataka, according to a media agency. India is a significant market for Boeing, where the corporation employs about 7,000 people. Up to 180 employees at the
E-commerce giant Meesho is reportedly stepping up its efforts to go public later this year and intends to raise $1 billion through an initial public offering (IPO). According to a media report, the company has already selected Morgan Stanley, Kotak Mahindra Capital, and Citi as advisers for its initial public
Amazon has applied a smart move to attract more shoppers on to its platform. The e-commerce giant has been cutting a number of seller fees, which should result in lower product prices, so shopping there might be less expensive. Because the firm is eliminating referral fees and commissions paid to
Under the Aatmanirbhar Bharat project, the Ministry of Electronics and Information Technology (MeitY) initiated a bold challenge to create an indigenous web browser, marking a revolutionary step towards technical independence. The Centre for Development of Advanced Computing (C-DAC), located in Bangalore, carried out this project with the goal of encouraging
In an effort to help businesses manage their IT infrastructure, Tata Communications announced the launch of Tata Communications Vayu, a new cloud platform. The platform's goals are to lower expenses, streamline Cloud usage, and meet the increasing need for AI-powered solutions. Infrastructure, software platforms, artificial intelligence tools, security,
Zomato, a food delivery service founded by Deepinder Goyal, reported that the Ministry of Corporate Affairs (MCA) had approved the company's name change to Eternal Limited, which would take effect on March 20, 2025. In a regulatory filing, Zomato stated that the company's name would be
By automating the input of client data into the cloud, SAP's newest AI-powered agent, Jule, is poised to revolutionise company operations. Jule enables AI agents to cooperate like human teams for the best outcomes, and it is designed to function smoothly across departments like finance and human resources.
Hero MotoCorp, India’s largest two-wheeler maker, is making a major move into the electric vehicle (EV) space. The company has announced an investment of INR 525 crore (over $60 million) in Euler Motors, an electric three-wheeler startup. With this investment, Hero will acquire a 32.5% stake in Euler
In response to recent media coverage of their February 2025 sales numbers, Ola Electric denied any regulatory concerns and provided explanation on what it refers to as a temporary registration bottleneck. The company stated in a statement issued on March 21 that it is working to alleviate the backlog that
Since day one, Apple Intelligence has been behind schedule. Apple unveiled Apple Intelligence and showcased a number of AI-powered capabilities that were intended to be incorporated into the iPhone 16 series and other upcoming Apple products at WWDC 2024, which took place in June. The demonstration mostly focused on the
With the launch of its New-Scale Security Operations Platform in the UK, Exabeam, the industry leader in intelligence and automation for security operations, has made it the tenth region in which its cloud-native security information and event management (SIEM) solution satisfies in-country data residency requirements. The New-Scale Platform cloud is