A media outlet stated on June 2 that the media powerhouse The Walt Disney Company (Disney) was cutting off hundreds of workers from its corporate finance, television (TV), and film departments, according to a source. "The job cuts will affect teams worldwide, including casting and development departments, TV publicity,
Gully Labs, India’s culturally inspired sneaker brand, secured INR 8.7 crore in seed funding led by Zeropearl VC. The capital will be used to diversify products, grow sales channels, and open retail stores.
A plan to issue 411.4 Cr bonus shares has been authorised by Meesho's shareholders before the e-commerce giant files its draft red herring prospectus (DRHP) with SEBI, the market regulator. The proposal to issue bonus shares of INR 1 each to equity owners in a 47:1
On June 5, Uber announced the departure of Pierre-Dimitri Gore-Coty, the head of its delivery division and one of the company's longest-tenured top executives, after nearly 13 years. According to his LinkedIn page, Gore-Coty began his career with Uber in 2012 as a general manager in France and
Cricket icon Jonty Rhodes has joined Indian startup UpUrFit as a strategic investor and brand ambassador. The brand, focused on sports recovery and hygiene, aims to meet the rising demand in India’s wellness market with clean, effective products.
According to a media source, Sumitomo Mitsui Banking Corporation (SMBC) plans to apply for a licence from the Reserve Bank of India (RBI) to run a fully owned subsidiary in India. The action is a component of the Japanese conglomerate's strategy to take over Yes Bank. Before State
India’s startup ecosystem continues to show resilience and growth as several startups raised significant funding on 2 June 2025. From fintech to fashion, here’s a quick roundup of the major funding developments: Udaan Raises $114 Million at $1.8 Billion Valuation B2B e-commerce giant Udaan has secured $114
Samunnati raised INR 50 crore via a Non-Convertible Debenture (NCD) issue on Wintwealth’s platform. The funds will support smallholder farmers by improving capital access across the agri-value chain. This takes Samunnati’s total raise via Wintwealth to INR 160 crore.
According to a media agency, Heavy Industries Minister H D Kumaraswamy stated on 2 June that Tesla has no plans to produce electric cars in India anytime soon. Although local production is not currently in Tesla's plans, the company is getting ready for a market debut. According to
Sanofi, a French pharmaceutical business, said on June 2 that it has agreed to purchase Blueprint Medicines Corporation, a biopharmaceutical company based in the United States that specialises in systemic mastocytosis, a rare immunological condition. Sanofi would pay $129.00 per share in cash under the terms of the transaction,
The number of transactions using the Unified Payments Interface (UPI) increased 4.4% from 17.89 billion in April to 18.68 billion in May, setting a new record. There were 33% more trades than the previous year. UPI transactions experienced a 2.2% month-over-month (MoM) decline in April. The
Snitch, India’s fastest-growing D2C menswear brand, raises up to $40 million in Series B led by 360 ONE Asset to fuel offline scale-up, quick commerce, and global ambitions.
In the midst of ongoing industry-wide reorganisation, Microsoft-owned LinkedIn has announced the layoff of 281 workers throughout California, joining a growing number of IT firms that have done so. A recent filing with the state's employment agency revealed the job layoffs, which primarily affected talent account directors, senior
According to CEO Campbell Wilson, Air India aims to shift operations to alternative Maintenance, Repair and Overhaul (MRO) facilities in order to lessen its need for Turkish Technic for the maintenance of its wide-body aircraft. Given current geopolitical events surrounding Turkiye, the action was taken. Turkiye denounced India's
Due to non-compliance with food safety regulations, the Food and Drug Administration (FDA), Maharashtra's food safety agency, suspended Zepto's food business licence in Mumbai's Dharavi area on June 1, 2025, according to a prominent media outlet. The report claims that during a recent inspection,
Scale AI, the leading data infrastructure company for artificial intelligence, has announced the integration of the Pesto team into its organization. This strategic move aims to enhance Scale AI's mission of accelerating the development of AI by leveraging global talent and delivering high-quality data. Founded in 2017, Pesto
India's startup and infrastructure sectors witnessed significant funding activities today, with notable investments in quick commerce, renewable energy, private credit, and AI security. ☀️ SAEL Secures $132 Million for Solar Project SAEL Solar MHP1 Pvt. Ltd., a subsidiary of SAEL Industries, has obtained $132 million in debt financing for
In a case involving deceptive YouTube videos suggesting that investors purchase shares of Sadhna Broadcast, markets regulator SEBI has banned Bollywood star Arshad Warsi, his wife Maria Goretti, and 57 other businesses from the securities markets for a period of one to five years. Warsi and his wife, Maria, were
According to a media report, the Centre is seeking an explanation from Patanjali Ayurved Ltd on a number of financial transactions that federal economic intelligence services have identified as suspicious. The company has received a notification from the Ministry of Corporate Affairs, which is also looking into possible fund diversion
WhatsApp to Introduce Log-Out Feature Without Data Loss According to reports, WhatsApp is working on a new feature that will allow users to exit their primary account without permanently erasing their data. WhatsApp does not yet allow you to log out of your account on your primary device without losing
Unbound raises $4 million led by Race Capital, the round backs a new category of infrastructure that makes AI safe, observable, and governable inside large organisations.
According to reports, Ashwini Vaishnaw, the minister of information technology, stated that the government is prepared to acquire 14,000 more graphics processing units (GPUs) as part of the IndiaAI Mission. Vaishnaw stated that the ministry's goal in the initial round was to make 10,000 GPUs accessible
Walmart International is approaching Flipkart's expansion cautiously, giving market share and long-term potential precedence above immediate financial gain. Kathryn McLay, president and CEO of Walmart International, stated during the 41st annual strategic decisions conference hosted by Bernstein that the company is dedicated to growing Flipkart in a sustainable
All of Gensol Engineering Limited's and its affiliated companies' bank accounts and lockers have been frozen and attached by the Ahmedabad-based National Company Law Tribunal (NCLT). The Ministry of Corporate Affairs (MCA) filed a complaint accusing the corporation of financial mismanagement and substantial corporate fraud, which prompted