According to reports, EV powerhouse Tesla is getting closer to entering India by establishing an assembly plant in Satara, Maharashtra. According to a media report, the Elon Musk-led company plans to establish a completely knocked down (CKD) plant to assist in controlling the import duties on its components. CKDs are
In response to recent worries about layoffs in its business process outsourcing (BPO) segment, Hexaware Technologies clarified that the cuts were not related to artificial intelligence (AI), as some media reports had claimed. The corporation clarified that the seasonality of its business activities was the main cause of the workforce
JustDeliveries, a new-age cold chain logistics startup redefining mid-mile logistics for India’s food and beverage sector, has raised INR 5.5 crore funding in a round co-led by VC Grid and NABVentures. Investors included LetsVenture, Anay Ventures, FAAD Network and others. The capital infusion elevates JustDeliveries’ total funding to
In an attempt to restructure the company, Panasonic Holdings announced on May 9 that it will layoff 10,000 employees and anticipate spending 130 billion yen ($896.06 million) this fiscal year. According to a statement, the electronics company plans to lay off employees mostly during the current fiscal year,
At its Hosur facility, Tata Electronics is dramatically increasing the volume of enclosures it produces for Apple's iPhones. According to a media report, Tata Electronics wants to triple its current capacity of about 50,000 enclosures. The ramp-up will probably occur before Apple's annual product introductions,
According to reports, the Securities and Exchange Board of India (SEBI) has suggested giving investors more freedom to co-invest with alternative investment funds (AIFs). According to a media report, the regulatory board recommended lifting the ban on AIF investment managers offering advisory services for listed shares. To put it simply,
The first hydrogen-powered truck in India, which can transport 40 tonnes of freight over a 200-kilometer radius, was used for mining operations in Chhattisgarh, the Adani Group announced on 10 May. As part of its efforts to promote cleaner transportation, the group's flagship company, Adani Enterprises, waved off
GlobalBees, a FirstCry affiliate, keeps losing employees. According to various media reports, over the past three to four months, three members of GlobalBees' board of directors have resigned: Kaveesh Chawla, board representative of Premji Invest; Sudhir Kumar Sethi, board representative of Chiratae Ventures; and Harsha Deepak Kumar, board representative
According to reports, BluSmart's current backers, which include BP Ventures and ResponsAbility Investments, intend to provide $30 million (INR 253.64 Cr) to help the electric taxi hailing business get back on its feet. According to media reports, the money will be in the form of unsecured debt
GoTrust, a leading privacy compliance and data governance startup, announced the successful closure of a $400K pre-seed funding round led by Aevitas Capital Private Limited. The funding round also saw the participation of an acclaimed Indian actor and entrepreneur, further solidifying GoTrust's position in the data compliance industry.
The makers of ChatGPT have exciting news. OpenAI's Sora picture generator is now available for free via ChatGPT. Now, all users have to do to create photos for free is enter a prompt using words, just like they usually do. The chatbot has been merged with this capability,
~The partnership creates the opportunity for MSMEs in Uttar Pradesh to access Solar finance through device financing~ Aerem Solutions and OMC Power have entered into a strategic partnership to unlock INR 200 crore in financing for rooftop solar solutions targeted at India’s Micro, Small, and Medium Enterprises (MSMEs) in
The president of the union that represents workers announced on 2 May that General Motors is cutting off roughly 750 employees at its Oshawa Assembly facility as it adjusts shifts because of US tariffs. According to a news release from Unifor, the plant, which employs about 3,000 people, will
500 workers will be let go by CrowdStrike. The decision to lay off roughly 5% of its global workforce was made public by the cybersecurity software company on 7 May. George Kurtz, the CEO of the company, claims that this choice is consistent with the plan to advance artificial intelligence&
* Feline Spirits is a craft alcoholic beverage startup offering premium handcrafted liquors across vodka, whisky and brandy categories. * The funds will be used to expand its product portfolio and enter new geographies. * Feline Spirits has sold over 4.1 lakh bottles across 8 markets, generating more than INR 25 crore
On May 7, IFFCO-Tokio, a leading general insurer, announced the debut of "Comprehensive Home Protector", a home insurance product that eliminates any insurance gaps. The product covers the risk of loss or damage to the insured's and their family's tangible assets, interests, and liabilities.
In the wake of the recent Pahalgam terror attack and heightened tensions between India and Pakistan, Indian stock markets have shown the most amazing resilience. The Nifty 50 and BSE Sensex have not only withstood the geopolitical storm but have managed to post gains. This is a very good sign
Elon Musk's satellite internet project has finally got a go-ahead from the Indian government to set up operations after nearly three years of wading through bureaucratic channels. Starlink now moves toward getting its Global Mobile Personal Communication by Satellite (GMPCS) license cleared. A letter of intent has been
The threat to Google's long-standing dominance in search may be affecting its user base. Signals point to changing user behavior. At a federal antitrust trial, Apple executive Eddy Cue testified that for the first time ever, searches through Apple's Safari browser dropped last month. According to
The benchmark interest rates of the US Federal Reserve were kept at between 4.25% and 4.50% in the most recent policy meeting held on May 7, 2025, under the direction of Chairman Jerome Powell. This meeting and its outcome were instead more about the steady and cautious approach
Concerns have been raised that the recent escalation between India and Pakistan could shake foreign investment sentiment. However, analysts suggest the actual impact may be muted. India’s economy, now valued at USD 4 trillion, has minimal direct trade with Pakistan, limiting immediate financial exposure. In fact, despite cross-border missile
According to various media reports, OpenAI, the company behind ChatGPT, has informed investors that it intends to reduce the revenue share it gives to Microsoft, its biggest sponsor, by 2030. The announcement of OpenAI's intentions to lower Microsoft's income share follows the corporation's decision
According to media sources, the IndiaAI Mission has selected seven businesses for technical review under the second phase of the graphics processing units (GPU) tender, including partners of Google Cloud, Oracle, and Amazon Web Services (AWS). The companies Cyfuture India, Sify Digital Services, Vensysco Technologies, Locuz Enterprise Solutions, Yotta Data
Zomato, a prominent player in the foodtech industry, has suspended a policy that asked restaurant partners to split 50% of refund costs, just weeks after it was introduced. The new policy has been gradually implemented by Zomato over the last few months. Zomato stated in the emails it issued to