Reliance on the Race to Obtain Significant Shares in Haier India
Similar to their rivalry in the telecom industry, the move places Reliance Industries up against a group that includes Sunil Mittal of the Bharti Group, among others.
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Several Days After Acquiring Team-BHP, Cars24 Fires More than 200 Employees
A well-known media site broke the story of Cars24's layoffs first, and since then, a lot more information about the company's decision to fire more than 200 workers has surfaced
Reliance Retail Intends to Open Dark Stores as it is Expanding its Quick Commerce Business
During the earnings call earlier this week, Reliance Retail's CFO Dinesh Taluja stated that the company saw a tremendous scale-up in the March quarter, with orders growing by more than 2.4 times.
Shark Tank India Featured Malaki Raises INR 5.7 Crore Led by Venture Catalysts
The innovative beverage brand, featured on Shark Tank India, will use funds to expand its presence in Quick Commerce, premium hospitality, and scale its patented Crystal Bottle. Malaki, an innovative and sustainable premium beverage brand, today announced the successful closing of its Seed funding round, raising INR 5.7 crores.
Internal Crisis Claims Shake Zomato, CEO Deepinder Goyal Rubbishes Allegations
A post on Reddit from an anonymous source who claims to be an employee of Zomato, has stirred up quite a bit of controversy. It alleges that Zomato is in crisis and that the popular food delivery platform is steadily losing ground to competitors like Zepto Cafe and Swiggy. The
Foreign Investors Renew Faith in Indian Equities with INR 17,425 Crore Boost
This past week saw fresh enthusiasm from foreign portfolio investors for Indian equities, as they pumped in a fresh INR 17,425 crore between April 21 and April 25. This was much higher than the nearly INR 8,500 crore they had infused in the previous week, which was cut
Centre Launches ECMS Portal to Boost Domestic Electronics Manufacturing
The Electronics Component Manufacturing Scheme (ECMS), along with its dedicated portal, has been launched by the government. The Union Minister for Electronics and Information Technology Ashwini Vaishnaw introduced the scheme with a promise of attracting huge domestic and international investments. The scheme was approved earlier by the Union Cabinet and
How IIT Madras Turned 29 Lakh Bet into 50 Crore Ather Energy Windfall
Not many will celebrate as quietly yet as triumphantly as IIT Madras when Ather Energy hits the stock market this week. Through its investment arms, the IIT Madras Incubation Cell and the IITM Rural Technology and Business Incubator, the institute transformed an early investment of just INR 15–29 lakh
IndusInd Bank Faces INR 1,960 Crore Loss, Reshuffles Leadership to Bolster Accountability
IndusInd Bank has resolved to completely take on the loss of INR 1,959.98 crore for its quarter ending March 2025. This decision stems directly from the outcome of an independent investigation into the bank's derivatives portfolio. The investigation found a number of significant internal accounting problems,
Bizongo Under Fresh Scrutiny as Auditors Flag Potential Financial Fraud, Board Launches Investigation
B2B e-commerce marketplace Bizongo is under heightened scrutiny after auditors flagged concerns over financial irregularities. Once seen as a rising star in India’s startup ecosystem, Bizongo is now navigating governance challenges, leadership transitions, and creditor pressure. The company’s board has launched a fresh investigation into the matter, raising
Ghazal Alagh Breaks the Tug-of-War Myth: How Kid-Time Teaches Boardroom Brilliance
Ghazal Alagh, Co-founder and Chief Innovation Officer of Mamaearth, has never shied away from sharing her entrepreneurial journey, one that’s deeply intertwined with her identity as a mother and a woman in leadership. Through her honest LinkedIn posts, Ghazal has been sharing lessons from her personal journey, showcasing how
After US Tariff Clarity, the Centre May Modify EV Manufacturing Policy
The plan allows authorised EV manufacturers to establish production plants in India for EV four-wheelers with a $500 million minimum expenditure. The programme also imposes a 15% tariff charge on imported EVs.
'Missing Trade Certificates' Put Ola Under Government Investigation
The notice stated that Ola Electric must respond to the aforementioned questions within seven days of receiving this letter in order to prevent any negative consequences.
On iOS, Perplexity AI Launches an AI Voice Assistant
Previously, the update was only available to Android users. While announcing the news, Srinivas stated on X that anyone may ask it to play anything, including favourite music, podcasts, and difficult-to-find videos.
More Meta Layoffs, Reality Labs Employees Now in the Firing Line
According to reports, tech firm Meta has laid off employees in its Reality Labs division, mostly affecting hardware development and Oculus Studios teams. One of the projects affected is Supernatural, a virtual reality fitness game that Meta purchased for more than $400 million. According to the firm, the change is
Apple Wants to Source all iPhones Sold in the US from India
The initiative is a component of a larger goal to diversify Apple's supply chain away from China, which continues to control the majority of the tech giant's production facilities.
Employees Given Five-Day Deadline by the Microsoft HR Head
According to various reports, the company is now providing low-performing workers who choose to leave voluntarily with 16 weeks of compensation.
VinFast to Launch Car Assembly Plant in India by June 2025
VinFast, the electric vehicle maker from Vietnam often likened to Tesla, is reshaping its worldwide strategy and focusing much of its energy back in Asia. After a bold push to enter the U.S. market, the company is now toning down its western ambitions and is realigning its expansion with
Sarvam AI to Receive First IndiaAI Mission Grant Worth INR 220 Crore
Sarvam AI, a AI startup based in Bengaluru and founded by Vivek Raghavan and Pratyush Kumar, is progressing toward being the first beneficiary of the IndiaAI Mission. This mission is the flagship initiative from the Indian government to aid and boost the development of AI that is made and owned
Gensol’s Puneet Singh Jaggi Detained in FEMA Probe Over Alleged Fund Diversion
Anmol and Puneet Singh Jaggi, promoters of Gensol Engineering Ltd, are now facing severe legal repercussions and conditions following their detention under the Foreign Exchange Management Act (FEMA). The Enforcement Directorate rounded up Puneet Singh Jaggi in Delhi while also conducting raids across Delhi, Gurugram, and Ahmedabad. This probe was
Rapido Pilots Non-AC Cabs in Bengaluru to Cut Commuter Costs
The Bengaluru-based ride-hailing startup Rapido has started to test a feature that allows users to book non-air-conditioned cabs at lower rates. Currently available in beta form, the feature gives users the choice of fare plans for two types of cars, one with an AC and one without. Despite this being
PB Fintech’s Healthcare Arm to Raise INR 1,461 Cr in First Seed Round
PolicyBazaar's parent company, PB Fintech, is making big moves into the healthcare sector. In fact, the firm has just announced that it's set to make a whole suite of healthcare services available to Indians. It even has a new subsidiary to handle the job, PB Healthcare
Adobe Updates its Firefly App Using AI Models from Google and OpenAI
In its Firefly service, the San Jose, California-based company has been creating its own AI models since 2023 to produce photographs and video clips.
Ray-Ban Meta Glasses with AI will Soon be Available in India
The glasses were first released in a few regions last year, but they are now being released in more nations, such as Mexico and the United Arab Emirates, with India likely to follow.