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BluSmart Mobility Seeks $80-$100 Million to Accelerate EV Expansion

BluSmart Mobility, India’s first all-electric ride-hailing platform, is gearing up for its next phase of growth with plans to raise between $80 million and $100 million. Sources indicate the company...

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Hyundai IPO: Issue to open next week, price band at around Rs 1865 – 1960 per...

With a groundbreaking initial public offering (IPO) of ₹25,000 crore ($3 billion), Hyundai Motor India is poised to accelerate the pace of the Indian stock market. A huge event in recent times, the...

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Airtel in advanced talks to acquire Tata Play

In a move that could redefine the landscape of India’s digital TV space, Bharti Airtel, led by the visionary Sunil Mittal, is reportedly in advanced talks to acquire Tata Play, the country’s largest...

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PhysicsWallah Gears Up for $500 Mn IPO, chooses its investment bankers

PhysicsWallah (PW), an edtech unicorn based in Noida, is preparing for its highly anticipated initial public offering (IPO) in 2025. Following its successful $210 million fundraising last month,...

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Vivo India Under Scrutiny: ED Alleges ₹70,000 Crore Siphoned to Vivo China

The Enforcement Directorate (ED) has filed a supplementary chargesheet accusing Vivo China of remitting ₹70,837 crore from India under the guise of payment for imports. This revelation has sparked...

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Adani Enterprises Eyes $2 Billion Fundraising Through Qualified Institutional...

The main company of billionaire Gautam Adani’s empire, Adani Enterprises Limited, is allegedly in discussions with a number of institutional investors to raise $2 billion through a qualified...

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Raveendran denies fraud allegations, claims $533 Mn went to ‘legitimate purpose’

After its $1.2 billion loan default, Byju’s—once heralded as India’s leading edtech company—is embroiled in a scandal. The case has received a lot of attention from lenders and US courts and involves...

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Ratan Tata’s Demise: Jharkhand Declares One-Day State Mourning to Honor the...

The famous industrialist and chairman emeritus of the Tata Group, Ratan Tata, 86, died away on Wednesday, and the country is in mourning. After being hospitalized to Breach Candy Hospital in South...

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Blinkit to Launch Cafe Feature, Expanding Quick Commerce Offerings

Blinkit plans to launch a new “Café” feature that will concentrate on providing consumers with food and beverages as a calculated move to strengthen its fast commerce offerings. This endeavor supports...

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Govt to Launch New PLI Scheme for Drone Sector

The Indian government is preparing to launch a more streamlined and efficient Production-Linked Incentive (PLI) scheme for the drone sector. This move comes after acknowledging the shortcomings of the...

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TCS to set up new IT facility accommodating 10k employees in Andhra Pradesh

Tata Consultancy Services (TCS) is about to develop a large IT facility in Visakhapatnam (Vizag), which will greatly improve Andhra Pradesh’s IT ecosystem. The new facility, which is expected to employ...

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As Swiggy Prepares for IPO, Executives Receive $270 Mn in ESOP

As Swiggy gears up for its much-anticipated IPO, the food-tech giant has announced a substantial Employee Stock Ownership Plan (ESOP) worth $270 million (around ₹2,240 crore). This move, revealed in...

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Top tech news in India this week

Google Photos to Combat AI-Generated Images Google is taking proactive steps to fight the spread of misinformation through artificial intelligence. In a move to help users better identify manipulated...

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Indian Startup Funding News: Indian startups raised $114 Mn this week

The second week of October saw a minor improvement in investor sentiment toward Indian startups following a slow start to the month. From October 7 to October 12, Indian companies raised $114 million...

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Following data leak, Star Health receives $68,000 ransom demand

The biggest health insurance in India, Star Health, is currently dealing with a significant cyberattack that has exposed private client data and resulted in a ransom demand. After the breach was made...

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Pocket FM Layoffs: 50 fired as part of ‘performance-based’ decisions

According to the company, the layoffs of about 50 people, including consultants and full-time staff, were “performance-based.” Pocket FM is a well-known audio entertainment platform. The business...

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Reliance in a face-off with SpaceX as it seeks ‘auction’ for broadband spectrum

The ongoing regulatory face-off between Elon Musk’s Starlink and Mukesh Ambani’s Reliance Jio over satellite broadband spectrum in India has heated up. Whether satellite broadband spectrum should be...

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Central Consumer Protection Authority questions Ola’s refund policy, directs...

The Central Consumer Protection Authority (CCPA) has ordered ride-hailing behemoth Ola to make a number of customer-friendly adjustments to its policies and services in a significant step meant to...

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IBM Acquires Renewable Energy Software Provider Prescinto

Bangalore, October 15th: Multinational technology giant IBM has purchased Prescinto, a leading provider of software-as-a-service (SaaS) for asset performance management (APM) to the renewable energy...

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Amid increasing competition, Blinkit says goodbye to ‘zero notice period’ policy

The quick commerce sector in India has become a battleground for top talent, as companies race to build their dominance in the $5.5 billion rapid delivery market. Blinkit, a leading player in this...

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