Intel is getting ready to start laying off a large number of employees at its production facilities in the middle of July. This will be the company's first significant layoff since Lip-Bu Tan became CEO in March. The layoffs, which are anticipated to finish by the end of
According to reports, Goa Chief Minister Pramod Sawant has promised that the state will not allow cab aggregators like Ola and Uber. Despite the state government's notification of the draft Goa Transport Aggregator Guidelines, 2025, asking for comments and objections, this decision was made. A regulatory framework, including
Amid concerns over its long-term viability, the Indian government is presently addressing Vodafone Idea's (Vi) financial difficulties and contemplating relief measures. Vi might not be able to fulfil obligations after 2028–2029 if payment terms are not even extended to adjusted gross revenue (AGR) dues. Although measures like
Here is your daily Indian Funding Roundup for Friday, 13 June 2025. While funding activity was limited today, a few notable investments and developments stood out. 🚀 Indian Startup Funding Digest – 13 June 2025 StartupRound & AmountLead Investor(s)Valuation / Use of FundsGrowwSeries F, $200 mnGIC, ICONIQ Capital$7 bn post-money,
IPO-bound fintech startup Groww has raised $200 million in fresh funding led by GIC, pushing its valuation to $7 billion. This comes as the company gears up for its IPO and reports a threefold rise in FY25 profit to ₹1,819 crore, cementing its position as India’s leading online investment platform.
In a recent LinkedIn post, Ghazal Alagh, Co-founder of Mamaearth and Shark Tank India’s ‘Mamashark’, shared a regular but meaningful moment from her everyday life. In a world that celebrates non-stop hustle, she’s choosing something different in 2025: calm, clarity, and purpose. One day, in the middle of
On 12 June 2025, several Indian companies raised fresh funds to grow their businesses. The funding came from well-known investors and covered areas like health, technology, finance, and fashion. Here’s a look at today's funding roundup. 🚀 Indian Startup Funding Digest – 12 June 2025 Startup Sector Amount Raised
Several brokerages stated in separate notes that Rapido's entry into the food delivery market through a pilot in Bengaluru is unlikely to significantly upend the established duopoly of Zomato and Swiggy due to the business's intrinsic operational complexity, capital intensity, and customer experience issues. Bengaluru-based Rapido
In response to bank criticism of young recruits accepting offers that were made in the future, Apollo Global Management informed potential investment-banking prospects that it would neither interview nor give offers to the class of 2027 this year. Apollo outlined its reasoning in a letter to applicants on Wednesday, stating
As the Trump administration proposes massive budget cuts for the US space program, NASA issued a new plea this week for its employees to quit the agency with a new offer for job buyouts. NASA officials announced the launch of a new early retirement and deferred resignation programme on June
Not every inspiring story comes from a big office or a startup pitch. Sometimes, it arrives quietly, with your dinner order. A recent post on X (formerly Twitter) has made people pause and reflect. A customer shared how their Swiggy delivery partner handed them a printed resume, offering something more
After considering industry input from consultations and evaluating market participants' preparedness, regulator SEBI announced the "Valid" mechanism on June 11, which will give market intermediaries a unique Unified Payments Interface (UPI) address to collect money from clients. According to Tuhin Kanta Pandey, Chairman of SEBI, the innovative
* Iom Bioworks is dedicated to using the gut microbiome's power to revolutionize contemporary healthcare. * The funds will be used to boost customer outreach, secure IP rights, scale infrastructure, and grow the core team. * In its first year, Iom Bioworks reached 500 users, secured two patents globally (with two
OpenAI's ChatGPT is now operational after more than 16 hours of non-operation. According to a status report from OpenAI, almost all of ChatGPT's features began functioning correctly for users at 4:00 AM on 11 June. The platform is still experiencing high mistake rates, though. According
Google's Gemini app now offers Scheduled Actions, a new productivity-focused feature. Users with subscriptions to Google AI Pro, Google AI Ultra, and specific Google Workspace business and school accounts can now access the service, which was launched on June 10. The update, which was first revealed at Google&
The government is allegedly considering a plan to reinstate the Merchant Discount Rate (MDR) on Unified Payments Interface (UPI) transactions over INR 3,000 in an effort to relieve financial strain on banks and payment service providers. As per various media reports, the action is intended to address the operational
According to a media source, OpenAI intends to integrate Alphabet's Google Cloud service to accommodate its expanding processing capacity requirements. This is an unexpected partnership between two well-known rivals in the artificial intelligence space. As per the report, the agreement was concluded in May after being discussed for
* Software Development, Digital Marketing, and Accounting emerge as top roles for AI interviews, leading companies like Google, Tesla & Swiggy most preferred by job-seekers * Adoption led by metro cities like Delhi, Mumbai, and Bengaluru, with rising traction in Tier 2 hubs including Jaipur, Patna, and Lucknow * Apna’s AI-powered interview
3.5% of Paramount Global's employees in the US will be let go, the company revealed. According to a media report, the information was distributed to staff members via an internal memo on 10 June. The company's efforts to address declining cable TV viewing as more
Riding a surge in defence-tech investments and rising drone demand, Garuda Aerospace, India’s leading drone manufacturing company, has secured investment from Narotam Sekhsaria Family Office (NSFO) ahead of its planned Initial Public Offering (IPO). The round also witnessed strong participation from existing investors, including WFC (We Founder Circle). The
Several media outlets have reported that Meta is finalising an agreement to spend $14 billion on Scale AI. Earlier this week, one media site said that an investment might exceed $10 billion, while on June 10, another media publication said that Meta will pay around $15 billion. Various other media
* Funds raised to be used for expansion into Hyderabad, Pune, and Chennai. * A new initiative with Padukone School of Badminton aims to reach 1,000+ coaching centres in four years. * An AI-based coaching system is being developed to ensure training consistency across centres. * The company continues its focus on accessible,
Digital marketing agency Wubba Lubba Dub Dub (WLDD) has acquired Bengaluru-based Imagined Studio in an all-cash deal, as exclusively reported by Inc42. The move is aimed at deepening WLDD’s creative and AI-driven service capabilities, particularly for its international client base. According to the report, all employees of Imagined Studio
The coding platform Tynker and the children's learning platform Epic, two American assets of the struggling edtech company Byju's, were sold for a small portion of what the company had spent for them. According to a media report, both sales were allowed by a US bankruptcy