Chinese retailer Shein, which intends to re-enter India soon in collaboration with Reliance Retail, will not have access to the data gathered from Indian users, Union Commerce Minister Piyush Goyal informed the Parliament. According to the agreement, the platform (Shein India) will always be housed on Indian infrastructure, and all
On December 18, 2024, sources notified a media outlet that Manipur's security forces had retrieved Starlink internet devices from the Imphal East district, along with sniper guns, pistols, grenades, and other weapons. According to the report, the retrieval took place on December 13 during a concerted operation in
According to reports, fintech unicorn InCred Financial Services has started the process of going public and intends to generate between INR 4,000 Cr (about $470 million) and INR 5,000 Cr (roughly $590 million) through an initial public offering (IPO) in the latter part of next year. According to
The popular ride-hailing service Ola plans to soon extend its food and beverage (F&B) vertical throughout India via the Open Network for Digital Commerce (ONDC). Ola is one of the top two platforms on ONDC that creates significant demand in the F&B market, according to Thampy
According to reports, at its upcoming meeting on December 21, the Goods and Services Tax (GST) Council will discuss reducing the tax rate on online food deliveries from the current 18% to 5%. According to reports cited by a media outlet, foodtech businesses will not be able to claim the
Pankaj Chaudhary, the Minister of State (MoS) for Finance, informed the Parliament that the Centre is investigating 642 offshore gaming, betting, and gambling organisations for possible tax fraud. Chaudhary further stated that the finance ministry is collaborating with the electronics and IT ministry (MeitY) to prohibit these websites in a
The application by private equity (PE) giant KKR to purchase a share in cloud kitchen upstart Rebel Foods has been approved by the Competition Commission of India (CCI). The CCI announced that Royce Asia Holdings, a subsidiary of KKR, will purchase an undisclosed quantity of the startup's shares
Startups and other pertinent parties have been asked to submit ideas for developing AI-powered tools that can identify deepfakes to the Ministry of Electronics and Information Technology (MeitY). The Ministry has requested five suggestions for the creation of domestic technical AI tools, rules, frameworks, and standards in order to establish
Wardwizard Innovations & Mobility, an electric vehicle manufacturer based in Vadodara, stated on 13 December that it anticipates e-three-wheelers to account for roughly 30 to 35 percent of its future sales volume. Additionally, the business stated that it hopes to sell up to 42,000 units by the end of
On 16 December, Google Cloud announced Google Agentspace, which gives workers access to company knowledge using AI agents that combine enterprise data, Google-quality search, and Gemini's sophisticated reasoning, independent of where the data is kept. With just one instruction, Google Agentspace helps workers do complicated activities that call
The US health agency has said that drug manufacturers Aurobindo Pharma, Glenmark, and Zydus are recalling medicines in the US market because of production problems. Aurobindo Pharma USA Inc., a division of a Hyderabad-based pharmaceutical company, is recalling more than one lakh bottles of Cinacalcet tablets in various strengths, according
According to Krishi Fagwani, cofounder and CEO of the foodtech platform Thrive, it is the most recent Indian firm to cease operations. The cofounder blamed a lack of resources for the decision to shut down operations in a LinkedIn post. "We've worked hard over the years to