The Maharashtra government is once again targeting ride-hailing services like Uber, and this time for its bus service. Pratap Sarnaik, the transport minister of Maharashtra, reportedly vowed a crackdown on Uber Shuttle and other aggregator bus operators for failing to obtain a government permit for the service, a week after
According to multiple media sources, Recruit Holdings, the Japanese parent company of Indeed and Glassdoor, plans to lay off about 1,300 employees. This accounts for approximately 6% of the workforce in the HR technology segment of the organisation. The layoffs, which are mostly in the US, impact a number
In a landmark move in its 92-year history, Hindustan Unilever Ltd. (HUL) has appointed Priya Nair as its next managing director. On July 31, 2025, Rohit Jawa will step down, and she will succeed him. The appointment of Nair will take effect on August 1, 2025. This action makes Priya
Following its initial debut in Bengaluru, Amazon has expanded its 10-minute delivery service, Amazon Now, to a few parts of Delhi. The business was excited about the favourable comments made by clients. This action demonstrates Amazon's dedication to the quickly expanding quick-commerce market in India, where rivals Zepto
According to an IMF statement, the rapid expansion of UPI has allowed India to surpass all other nations in terms of payment speed, while the use of traditional payment methods, such as credit and debit cards, is decreasing. The NPCI created the Unified Payments Interface, a real-time and instantaneous payment
On 10 July 2025, Clean Fanatics and Arteria Technologies raised major funding to grow their business. Partners Group announced an INR 1,950 crore deal to acquire a majority stake in Infinity Fincorp. Meanwhile, the Enforcement Directorate raided Probo and seized assets. Here’s your quick roundup for funding and
In order to create a real-time payments platform similar to the Unified Payments Interface (UPI), the Namibian central bank and the National Payments Corporation of India (NPCI) have inked a licensing deal. According to Dammu Ravi, secretary in the external affairs ministry, during a press briefing on the outcomes of
Based on a First Information Report (FIR) submitted by the Cyberabad police in Hyderabad, Telangana, the Enforcement Directorate (ED) has opened an investigation against 29 celebrities in relation to a purported betting application fraud. Prominent actors Vijay Deverakonda, Rana Daggubati, Manchu Lakshmi, Prakash Raj, Nidhi Agarwal, Ananya Nagalla, and television
On 9 July, the Enforcement Directorate (ED) said that it had begun a significant crackdown on the illicit online betting site "Probo," carrying out search operations on July 8 and 9 throughout its four Haryana locations. The online platform "Probo" was created by Probo Media Technologies
* An open-ended Category III AIF, scheduled to launch on 10th July 2025 * The fund has already secured commitments of INR 25 crores from investors ahead of its launch Shaan Patel Asset Management, a professional AMC actively managing investor money to grow wealth, has announced the launch of its flagship Category
On July 9, US President Donald Trump declared a 50% duty on copper imports into the US. Additionally, Trump has threatened to levy 200% tariffs on pharmaceutical imports after a year. Trump's action may have an effect on other economies, such as India, which exports these vital commodities
* Clean Fanatics is a premium platform for expert home cleaning, painting, polishing, and civil & renovation services. * Currently generating an MRR of Rs 2 crore from Bangalore alone, with over 2,500 homes serviced every month * The Company has grown its revenues 8X in the last 24 months * Funds raised
On July 9, Nvidia became the first business to reach $4 trillion in market value, marking a significant milestone in Wall Street's wager that AI will revolutionise the economy. Nvidia surged to $164.42 just after the stock market opened, valuing the company at more than $4 trillion.
Linda Yaccarino, the CEO of social media site X, has made her decision to leave her position. For the last two years, she has been in charge of Elon Musk's company, X. During her X announcement, Yaccarino thanked Musk for entrusting her with the duty of defending free
Startups led the way on 9 July 2025, with Zepto reportedly raising $500 million and fresh funding going to Chai Bisket, Belong, and Green Aero. On the corporate front, Apple named Sabih Khan as its new COO, and Starlink received final approval to launch services in India. Here’s your
Drone-tech startup Enercomp has raised ₹2 crore in a bridge round advised by Bestvantage Investments. The funding, led by marquee angel investors, will support R&D, scale AI-powered drone software, and boost national deployment.
Chai Bisket has raised $5 million in funding led by InfoEdge Ventures and General Catalyst to launch Chai Shots, a mobile-first short-form OTT platform. Angel investors like Rana Daggubati, Swiggy’s Sriharsha Majety & Nandan Reddy, and PhysicsWallah’s Alakh Pandey also joined the round.
All e-commerce sites were forewarned by the FSSAI on 8 July to maintain strict food safety and hygiene standards or risk punishment. G Kamala Vardhana Rao, the CEO of the Food Safety and Standards Authority of India (FSSAI), presided over the meeting where the warning was given. More than 70
Apple is negotiating to get the US rights to broadcast Formula 1 as the internet giant expands its live sports programming and builds on the success of its popular film based on the racing car series. Various media reports stated that when the broadcast deal opens up next year, the
On July 8, listed logistics startup BlackBuck announced that the Income Tax (IT) Department has sent it a tax demand notice for INR 28.55 Lakh. The company stated in a statement with the exchanges that the July 7 tax notice was sent because certain expenses that qualified for tax
In an internal letter to staff, the US-based trading company Jane Street slammed the Securities and Exchange Board of India (SEBI), calling its recent ruling accusing market manipulation "fundamentally mistaken." The company rejected SEBI's description of its trading approach as manipulative and instead described it as
After long-time operations chief Jeff Williams plans to retire, Apple CEO Tim Cook has made a significant leadership change by appointing Indian-origin executive Sabih Khan as the company's new COO. Khan, who has worked for Apple for thirty years, has been instrumental in creating and overseeing the company&
The former prime minister of the United Kingdom, Rishi Sunak, has returned to Goldman Sachs Group Inc. as a senior adviser. In a statement released on July 8, Goldman Sachs CEO David Solomon announced that Sunak, who was prime minister from October 2022 to July 2024, will collaborate with executives
Here’s a quick look at the top funding deals and key business developments in India on 8 July 2025. From early-stage capital raises to major acquisitions and policy moves, here's everything you need to know. Daily Indian Funding Digest - 8 July 2025 CompanyFunding RoundAmount RaisedLead Investor(