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2 Rajasthan men commit Rs 1.29 Cr fraud on Amazon, arrested in Mangaluru
In a meticulously orchestrated scam spanning multiple states, two men from Rajasthan have been arrested in Mangaluru for allegedly defrauding Amazon of over Rs 1.29 crore. The accused, Raj Kumar Meena...
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Vanguard revises Ola valuation to $2 Bn marking a 72% decrease from its peak...
The US-based asset management behemoth Vanguard has made the unexpected decision to reduce Ola’s valuation to about $2 billion, a sharp 72% drop from its peak of $7.3 billion in late 2021. More than...
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As lock in period ends, Ola Electric share down by 7%
On Tuesday, November 5, Ola Electric Mobility, one of the biggest producers of electric vehicles in India, had its stock fall more than 7% as the company’s three-month lock-in period for some owners...
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Xiaomi India President Muralikrishnan B steps down, plans to focus on...
In a significant leadership update from Xiaomi India, the company has announced that Muralikrishnan B, its current president, will step down at the end of 2024. After six transformative years at the...
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Fidelity’s 12% mark up of its stake in Lenskart increases its valuation to...
Fidelity Management and Research Company has increased the value of its ownership in Lenskart by 12%, boosting the eyeglasses retailer’s valuation to an astounding $5.6 billion, in a daring move that...
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KPMG lays off 4% of its United States audit workforce to align with market needs
KPMG, one of the Big Four accounting firms, recently announced that it will let off about 330 workers, or less than 4% of its U.S. audit workforce, in an effort to adapt shifting market conditions. Due...
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Swiggy IPO Update: Issue receives 12% subscription on Day 1
On November 6, 2024, Swiggy, the massive food delivery and fast-commerce company with its headquarters in Bengaluru, made its Initial Public Offering (IPO) available for public subscription. Only 12%...
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Sharan Hegde led 1% Club Lays Off 15% of Workforce Amid AI-Driven Transformation
The 1% Club, a socio-financial community co-founded by popular finance influencers Sharan Hegde and Raghav Gupta and backed by Zerodha co-founder Nikhil Kamath, recently made headlines for its...
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Meet Shiv Nadar, the founder of HCL Technologies who donates Rs 5.9 Cr per day
HCL Technologies Ltd.’s chairman and visionary founder, Shiv Nadar, has once again been at the top of the Hurun India Philanthropy List 2024 of Indian philanthropists. Nadar, who is well-known for his...
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Hurun Philanthropy List 2024: The top 10 most generous Indians, Shiv Nadar...
Significant contributions have been made to India’s philanthropic scene this year; the top 10 philanthropists alone have donated Rs 4,625 crore, or 53% of all charitable gifts made in fiscal 2024. The...
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Wikimedia Foundation denies receiving any notice from Indian Govt in last two...
In response to claims that India’s Ministry of Information and Broadcasting (MIB) had questioned Wikipedia’s editorial standards, the nonprofit organization that created Wikipedia, the Wikimedia...
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As Alan Mamedi steps down from CEO position, Truecaller names Rishit...
Rishit Jhunjhunwala has been appointed as the new Group Chief Executive Officer (CEO) of Truecaller, the well-known Swedish caller identification app company, with effect from January 9, 2025, marking...
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CCI investigation finds Swiggy, Zomato guilty of breaching antitrust laws
New Delhi, Nov 8 — India’s Competition Commission (CCI) has found Zomato and Swiggy, two of the nation’s largest food delivery platforms, in breach of competition laws. Both platforms allegedly favored...
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Weekly Startup Funding News: Indian startups raised $125 Mn this week; from...
As the Indian startup ecosystem navigates the year-end, festive momentum hasn’t managed to stabilize investor activity. Following a strong funding streak between October 28 and November 2, where...
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Major tech updates this week: From Apple’s ‘No Sweat’ campaign to Google’s...
The tech world is buzzing with news, from AI advancements and social media restrictions to hardware innovations and surprising shifts in global market value. Here’s a breakdown of the latest major...
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Piyush Goyal reveals India’s plans to set up a mini silicon valley for Global...
Commerce Minister Piyush Goyal recently revealed the government’s ambitions to establish a “mini Silicon Valley” in Goa with the express goal of luring Global Capability Centers (GCCs) as part of an...
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Elon Musk’s Indian Ambitions: Will Trump’s Win Pave the Way for Tesla and...
Elon Musk is preparing to introduce his innovative businesses, Tesla and Starlink, to India, but he is encountering well-known obstacles: strict laws and fierce local competition. However, Musk might...
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Bengaluru court directs Swiggy to not alter ex-employee’s ESOPs
In a bizarre legal development, a Bengaluru court has ordered Swiggy, one of the top food delivery services in India, to temporarily postpone granting any third-party rights over certain employee stock...
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Starlink’s India license application to move forward as firm agrees to...
Elon Musk’s satellite broadband company, Starlink, edges closer to securing a foothold in India, agreeing to meet crucial government requirements on data storage and security. Credits: Telecom Talk A...
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World’s fastest human calculator Neelakantha Bhanu raises $16.5 Mn for his...
The math-learning platform founded by Neelakantha Bhanu, the world’s fastest human calculator, is making big strides in transforming math education with a fresh round of Series B funding. Credits:...
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