With 7-inch Display, Amazon Releases Kindle Paperwhite in India for INR 16,999

Additionally, it is the first Paperwhite to receive an improved dual-core processor, which, according to Amazon, increases responsiveness and speeds up page turns by 25%.

ChatGPT Moves Into Shopping: A Strategic Shift in AI Utility

In a bold move that indicates the increasing impact of artificial intelligence, OpenAI has appended shopping hallmarks to ChatGPT, its well-liked conversational AI. The development allows users to scour for prices, peruse evaluations, and access direct links to make purchases, all within the app. OpenAI was at pains to point

Oil Markets Plunge as Trade Tensions and Surplus Stocks Spark Historic April Decline

In recent weeks, crude prices have confronted a pressure that seems unending, falling to levels not seen in four years. The energy market, which had been relatively stable, even and predictable a few months ago, has been turned upside down by a combination of weakening consumption indicators, rising stockpiles, and

Mother Dairy Hikes Milk Prices Across Key Markets Amid Rising Procurement Costs

Mother Dairy will up the price of its milk variants by as much as INR 2 per litre, effective April 30, 2025. The price hike will hit consumers in Delhi-NCR, Uttar Pradesh, Haryana, and Uttarakhand, the six states where the company has its largest markets. A company statement characterized the

IndusInd Bank CEO Steps Down Amid Derivatives Accounting Controversy

The managing director and chief executive officer of IndusInd Bank left his post on April 29, just hours after the stock market closed and right after the bank allegedly announced that it was thinking of redoing assets on its balance sheet, something that S&P Global Ratings had already

Buying Sovereign Gold Bonds on Akshaya Tritiya? Make the Most of This Gold Investment

The Government of India launched Sovereign Gold Bonds (SGBs) in 2015, and since then, they have provided investors an exclusive means to latch onto gold's price uptrend while pocketing fixed returns. Storage and authenticity worries do not plague SGB investors as they do with direct gold ownership. Additionally,

To Expand its Pop Culture Merchandise Offerings, The Souled Store Acquires Redwolf

The goal of the acquisition is to leverage Redwolf's knowledge of fan merchandise to improve the startup's goods and services. Ameya Thakur, Rahul Jaisheel, and Vivek Malhotra founded Redwolf, a clothing company that creates and produces graphic t-shirts and other accessories, in 2011.

Infosys Fires 195 Additional Trainees at its Campus in Mysuru

This is the fourth round of exits at the Bengaluru-based software behemoth. About 150 of the affected individuals have signed up for outplacement services, while about 250 have enrolled in upskilling programmes offered by NIIT and UpGrad.

Axis Bank Disregards 100 Senior Staff Layoffs, Calls it a Regular Practice

 The lender in the private sector was responding to news that over 100 top staff members had been asked to resign.

VerSe Innovation, Parent Company of Dailyhunt, Being Investigated for Audit Findings

VerSe Innovation, the parent company of DailyHunt and Josh, is situated in Bengaluru. In its audit report for the fiscal year that ended in March 2024 (FY24), Deloitte found flaws in its internal financial controls.

Canara HSBC Life Insurance Sets Stage for IPO with SEBI DRHP Filing

Canara HSBC Life Insurance Company Limited, a prominent bank-led private player in the Indian life insurance sector, has filed its Draft Red Herring Prospectus (DRHP) with SEBI for an Initial Public Offering (IPO). Canara Bank and HSBC Insurance (Asia-Pacific) Holdings Limited are the promoters of the company. The offer comprises

Franklin Templeton Alternative Investments Announces First Close of INR 205 Crore for Franklin India Credit AIF – Scheme I

Franklin Templeton Category II Alternative Investment Fund Trust, a Category II Alternative Investment Fund (AIF) is managed by Franklin Templeton Alternative Investments (India) Pvt. Ltd. Franklin India Credit AIF – Scheme I, the first scheme under the above license has been established in accordance with Securities and Exchange Board of India

Delhi Police Files a Formal Complaint Against Vivek Tiwari, Co-founder, Medikabazaar

According to a report, which cited sources, the fired CEO was summoned twice but did not show up before the EOW. Thus, a formal complaint was filed.

Following Automaker Requests, Trump to Grant Exemption from Auto Tariffs

In an attempt to avoid numerous charges piling on top of one another, a White House official announced on April 28 that imported cars would also be exempt from separate tariffs on steel and aluminium.

Mahindra’s SML Isuzu Buy Signals Ambitious Push in Commercial Vehicles

India's commercial vehicle space is undergoing a giant upheaval. Mahindra & Mahindra took a firm step in this very direction when it acquired a 58.96% stake in SML Isuzu, for INR 555 crore, at INR 650 per share. This not only brings Mahindra up to the fourth

Ather Energy’s IPO Sees Cautious Start Amid High Hopes

Ather Energy’s highly awaited initial public offering opened with a comparatively tepid response, achieving just over 12% overall subscription on day one. Retail investors were the main driver behind that early subscription lift, with their category achieving 46% subscription by the end of the first day. Meanwhile, non-institutional investors

How a US Student Turned a College Trip to India into a $23 Million Business

When Bert Mueller picked India instead of Europe for his study abroad program, people were hardly placing bets that it would lead to the establishment of a company worth millions. While many of his fellow students chose the well-trodden paths of Spain and Italy, Mueller opted for the narrow, less-frequented

Rupee Strengthens to Under 85 Against Dollar on Robust Equity Inflows

On Monday, the Indian rupee staged a swift rally, momentarily appreciating to 84.96 against the US dollar before settling at 85.03. This was the rupee's best trading day since December 20, 2024, and a marked improvement from a close of 85.49 last Friday. Dealers attributed

US Treasury Chief: China Must Take Lead in De-escalating Trade Tensions

Scott Bessent, Secretary of the Treasury, has made it clear that easing current trade tensions is the responsibility of China. In an interview with CNBC's Squawk Box, Bessent explained that the trade relationship between the US and China is heavily tilted in China's favor, with it

Urban Company Files DRHP for INR 1,900 Crore IPO, Stake Sale by Accel, Elevation, and Tiger Global

Urban Company, a leading on-demand services platform, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an Initial Public Offering (IPO) valued at up to INR 1,900 crore. The IPO is a mix of a primary issuance and an offer-for-sale

The Government will Shorten Time it Takes to Process EV Subsidy Claims

Under the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) programme, the government is taking this action in an effort to reduce the backlog and guarantee the prompt distribution of EV subsidies.

Dixon to Enter Manufacturing of Electronic Components

Dixon is currently considering producing parts like camera modules, mechanical enclosures, and lithium-ion batteries after apparently beginning work on a project for display modules.

Zepto Looking to Structure a Debt Deal with Edelweiss and Others for INR 1,500 Cr

According to a report, the acquisition aims to assist the fast commerce company consolidate local control ahead of its planned initial public offering (IPO) by purchasing shares from current international investors. Edelweiss has made a legally binding offer.

JetSynthesys Leads Thrilling Launch of GEPL Season 2 in Bengaluru

Day 1 of GEPL Season 2 featured four high-energy matches, including a double header for the home team, Bengaluru Badgers and Mumbai Grizzlies. Season 2 of the highly anticipated Global e-Cricket Premier League (GEPL), powered by JetSynthesys, a global leader in digital entertainment and technology, got underway at the Koramangala