To reward consumers for their everyday spending, SBI Card and PhonePe have launched a co-branded credit card. There are two varieties of the PhonePe SBI Card: SELECT BLACK and PURPLE. SELECT BLACK vs PURPLE: What's the Difference? When making purchases using the PhonePe app, customers who use the
From Milky Mist filing for an INR 2,035 crore IPO to Paytm turning profitable this quarter, the day was filled with major updates across sectors. On the funding front, Escape Plan secured fresh capital to scale its offline and quick-commerce model. Here's your quick roundup of the
With 2.5 billion prompts every day—330 million of which come from the US alone—ChatGPT is transforming education. Students are quickly switching from traditional search engines to AI-driven explanations for homework, essays, and comprehending hard subjects. With features like an AI-powered web browser, OpenAI is improving ChatGPT to
Two sources familiar with the plans have informed Reuters that Costco Wholesale Corp., a US retailer, will establish its inaugural technology centre in Hyderabad, India. According to insiders, the Global Capability Centre (GCC) will hire 1,000 individuals at first and grow as it manages technology and research operations and
To make digital banking safer for all users, the Reserve Bank of India (RBI) has released a draft of new regulations. Internet banking, mobile banking, and any other online services provided by banks are covered by the new regulations. The new regulations require banks to provide consumers with clear options,
As it prepares for an IPO on the New York Stock Exchange, Figma is looking for a fully diluted valuation of up to $16.4 billion, a move that could boost the tech IPO market, which is currently recovering, according to a Reuters story. According to a statement made on
The well-known foodtech company Eternal (previously Zomato) is establishing Blinkit Foods Limited as a new wholly owned subsidiary. "Blinkit Foods will be involved in the business food services, including innovation, preparation, sourcing, sale, and customer delivery of food," the company stated in an exchange filing. The proposed authorised
According to persons with knowledge of the situation, Foxconn's Telangana facility has been unable to produce Apple AirPods because of a dysprosium scarcity brought on by China's crackdown on the export of rare earth metals. A little over forty-five kilometres from Hyderabad lies the Foxconn Interconnect
Escape Plan, a Bengaluru-based lifestyle startup, has raised $5 million in seed funding led by Jungle Ventures via First Cheque@Jungle and Fireside Ventures. Founded by Abhinav Pathak, previously founder of Perpule (acquired by Amazon in 2021) and Abhinav Zutshi, a veteran of Indian retail with experience at Big Bazaar,
From Reliance jumping into the fashion quick commerce race to CoinDCX announcing a massive crypto bounty programme, the day was packed with movement. On the funding front, Hudle, EduFund, and others attracted fresh capital. Here's your quick roundup of the top funding deals and key business news in
After being accused by the market watchdog of manipulating index prices to increase profits at the expense of small investors, Jane Street, a US-based trading firm, found itself at the focus of a regulatory maelstrom in India. SEBI Accuses Jane Street of Index Price Manipulation The company was temporarily prohibited
According to a July 21 business filing, Larsen & Toubro subsidiary L&T Energy GreenTech would establish India's first green hydrogen facility at Indian Oil's Panipat refinery in Haryana on a build-own-operate basis. 25-Year Deal to Supply 10,000 Tonnes Annually to IOC An important
Microsoft has warned of "active attacks" against server software used by businesses and government agencies to share internal documents. Users were instructed by the IT giant to install the recommended security fixes right away. FBI, Microsoft Confirm Coordinated Attacks Although it could not provide any additional details, the
The exponential expansion of the Unified Payments Interface (UPI) has made India the world leader in quick digital payments, according to a recent International Monetary Fund (IMF) study titled "Growing Retail Digital Payments: The Value of Interoperability." India Takes the Lead in Real-Time Payments, Says IMF The National
With plans to release Baby Grok, a kid-safe version of Grok, Elon Musk is changing course after making news with three contentious AI companions. Musk has not yet disclosed any additional information, but the statement has drawn criticism, particularly in light of Grok's current AI avatars' controversial
* Round led by Sky Impact Capital, joined by Physis Capital. * Additional investors include Atrium Venture, tennis legend Mahesh Bhupathi, TV presenter and Producer Gaurav Kapur, Blue Tokai and Nitro Commerce founders * Launching GRIP (Game Rating Index for Players), India’s first-ever scoring & rating system for pickleball, padel and badminton
Ahmedabad (Gujarat) [India], July 19: Nilkanth Equipments is a 'one-stop shop' providing a wide range of first-class equipment, cutlery, and crockery for the HoReCa industry. Throughout the years, Nilkanth Equipments has developed itself as a leading company in the hotel supply industry. Having started with nothing in hand,
Truecaller, the leading global communications platform, today announced its interim financial results for the first half of fiscal year 2025 (January-June 2025). The report highlights continued robust performance across its key revenue streams and a growing user base, with India remaining a significant contributor to this success. For the first
* Increase in standalone revenue at Rs. 346 Crore, representing YoY growth of 10% * The net profit for the quarter stood at Rs. 154 Crore, representing a margin of 33%. * Consolidated Revenue from Operations of Rs. 372 Crore, YoY growth of 12% * Standalone EBITDA at Rs. 135 Crore, representing an EBITDA
Omspace raised fresh capital to build its small satellite launch vehicle, BQP secured funding to scale its quantum-powered digital twin platform, and Udaan made a strategic move by acquiring ShopKirana. Here’s your quick roundup for 18 July 2025 of the top funding deals and key business news in India.
"Faulty auto translation of Kannada content on Meta platforms" has drawn harsh criticism from Karnataka Chief Minister Siddaramaiah. This comes after Meta's automatic translation engine mistranslated a Facebook condolence message from the chief minister's office and pronounced Siddaramaiah deceased. Originally composed in Kannada to
The Directorate General of Civil Aviation (DGCA) has type certified Amber Wings, a sister company of Chennai-based air mobility startup The ePlane Company, for their hybrid cargo drone. Amber Wings says this makes them the first Indian firm to get their hybrid cargo drone approved. Companies must apply for type
The acquisition of Kelvinator by Reliance Retail Ventures Limited (RRVL), a division of Reliance Industries, represents a calculated move into India's growing consumer durables market. Reliance Retail's unparalleled distribution power and Kelvinator's legacy are intended to be combined in this purchase. Known throughout the
According to Lenovo, a Chinese computer manufacturer with its headquarters in Morrisville, the corporation is cutting off 3% of its American employees. Like other businesses, Lenovo routinely reviews its cost structure to correspond with external market conditions and make personnel modifications as needed, according to a statement released on July