Aravind Srinivas Becomes India’s Youngest Billionaire at 31

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.

Invest or Wait? Breaking Down Wework India’s INR 3,000-Cr IPO

Grey Market signals lukewarm buzz with INR 15 above the issue price. Here are the key dates, price band, risks, and Analysts' opinions...

Zoho Launches Vani: New Intelligent Visual Collaboration Platform for Seamless Teamwork

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

Google Layoffs Over 100 Design Jobs Amid AI-Focused Restructuring

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

Ex-OpenAI CTO Mira Murati Launches Her First AI Product "Tinker"

Thinking Machines Lab is out of Stealth Mode with its first product launch called "Tinker." The AI helps build...

Zomato Parent Eternal Grants ₹211 Crore in ESOPs to Employees

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

Microsoft Relieves CEO Satya Nadella of Key Duties to Focus on AI Strategy

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

Nvidia CEO Jensen Huang Reveals the One Non-Tech Job That Will Lead the AI Race

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

Procter & Gamble to Exit Pakistan Market Following Shell and Pfizer Departures

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

TCS to Offer Up to 2 Years’ Severance Pay as Part of Major Workforce Restructuring Plan

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

India’s Electronics Component Manufacturing Scheme Attracts 249 Applications, Signalling Strong Industry Demand

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 Warns: The Real Threat to Companies Isn’t AI, It’s Refusing to Learn It

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.

BNPL Startup Simpl Lays Off 100 Employees Amid RBI Crackdown

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 Becomes the First Person Ever to Reach $500 Billion Net Worth

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

Daily Indian Funding Roundup & Key News – 1st October 2025: GrowXCD Finance Raises INR 200 Cr, Mishmash Naturals Secures INR 2.4 Cr, LG IPO, Zomato & Swiggy Health Scores & More

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,

Lufthansa to Cut 4,000 Jobs Over Next 5 Years Amid Cost-Saving Plan

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

The Truth About UPI Costs: RBI Governor Breaks the Confusion

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.

Hollywood vs AI: Emily Blunt Slams AI Actor Tilly Norwood

SAG-AFTRA union hit the road with strikes as the creator of AI actors announced an AI production studio and a new AI talent agency (Xicoia). Also hinting at a Hollywood project...

RBI Increases IPO Financing Limit to INR 25 Lakh and Relaxes Lending Rules for Banks

In an effort to increase bank loan availability for both individuals and businesses, the Reserve Bank of India (RBI) recently announced a number of significant measures. In addition to loosening limitations on lending against shares and debt securities, the central bank has chosen to permit banks to finance acquisitions by

OpenAI Drops Sora 2: Cinematic AI Videos Are Now in Your Pocket...

The app promises ultra-realistic, cinematic and controllable videos with sound. OpenAI's new Social Media app joins...

Adar Poonawalla in Talks with Diageo to Acquire Royal Challengers Bengaluru IPL Team

According to multiple media reports, Adar Poonawalla, the CEO of Serum Institute of India, was in negotiations with Diageo Plc, the owners of Royal Challengers Bengaluru (RCB), to potentially purchase the Indian Premier League's (IPL) 2025 champion. Whether Diageo Plc intends to sell all of its shares in

Zerodha Faces a 40% Revenue Drop Risk: What’s Choking the Company?

Zerodha's profits dipped by INR 1,300 crore, and the overall numbers dropped by 15%. The warnings for FY26 look even worse…

Infra.Market Files INR 5,000 Crore IPO via Confidential Route

Infra.Market, a top construction materials platform, posted FY25 revenue of INR 18,000 crore, EBITDA of INR 1,500 crore, and profit of INR 300 crore. After strong FY24 growth, the Bengaluru firm plans a INR 5,000 crore IPO via SEBI’s confidential filing route.

Senior Executive Departures Surge at Elon Musk’s Tesla, X, and xAI Amid Leadership Shakeups

According to numerous sites, Elon Musk's companies—Tesla, xAI, and social media platform X—are seeing a number of top departures. According to Reuters, Tesla lost a number of senior officials in 2024, including its chief information officer, head of US sales, and executives in charge of the