Clik here to view.
Tesla’s India Plans Take A Backseat As EV Major Ceases Contact With Authorities
Electric auto major Tesla appears to have shelved its plans to set up a manufacturing plant in India. Tesla executives have stopped contacting Indian authorities after the company’s CEO Elon Musk...
View ArticleClik here to view.
No Party In 2-Wheeler EV Space Despite Subsidies & Discounts: Bajaj Auto CEO
Bajaj Auto CEO Rajiv Bajaj has said that electric two-wheeler sales in the country are yet to reach an “inflection point” despite subsidies and discounts offered by manufacturers. Bajaj made the...
View ArticleClik here to view.
Uttar Pradesh Bags INR 40K Worth Commitments Under New Semiconductor Policy
The Uttar Pradesh government has reportedly received commitments worth INR 40,038 Cr under its new semiconductor policy that aims to incentivise chip manufacturing in the state. Citing a statement by...
View ArticleClik here to view.
Labour Ministry Constitutes Taskforce To Study Impact Of AI On Future Of Work
Amid the ongoing debate over the impact of artificial intelligence on the job market, the Labour Ministry has reportedly constituted a taskforce to evaluate the impact of the emerging technology on the...
View ArticleClik here to view.
Ola Cabs Exits Google Maps, Moves To In-House Navigation Platform Ola Maps
Mobility startup Ola Cabs’ founder and CEO Bhavish Aggarwal on Friday (July 5) said that the ride-hailing startup has fully exited Google Maps and moved to its in-house navigation platform, Ola Maps....
View ArticleClik here to view.
Meet The 35 D2C Brands From Inc42’s First Cohort Of D2CX
India is poised to tap into a $300 Bn D2C opportunity by 2030 on the back of the nation’s internet users projected to surpass the 1 Bn mark by then. Also, one must recognise the rapid expansion of...
View ArticleClik here to view.
Smartworks Takes First Step Towards IPO, Turns Into A Public Company
Taking the first step towards its initial public offering (IPO), coworking startup Smartworks has turned into a public company. The startup has changed its name to Smartworks Coworking Spaces Ltd from...
View ArticleClik here to view.
Scandron Gets DGCA Type Certification For Its Agri-Focussed Drone
Drone startup Scandron has received the Directorate General of Civil Aviation’s (DGCA) type certification for its agritech drone model “SNDAG010QX8”. The startup’s listed parent Magellanic Cloud made...
View ArticleClik here to view.
iVP Semi Bags $5 Mn To Set Up A Fabless Chip Company In India
Tessolve CEO Raja Manickam has announced the launch of his latest venture iVP Semi, a fabless semiconductor startup. Simply put, a fabless chip company designs semiconductors and owns their...
View ArticleClik here to view.
Flipkart-Backed BlackBuck Files DRHP For INR 550 Cr IPO
Flipkart-backed logistics unicorn BlackBuck has filed its draft red herring prospectus (DRHP) with markets regulator Securities and Exchange Board of India (SEBI) for its initial public offering (IPO)....
View ArticleClik here to view.
GOAT Brand Labs Bags $21 Mn In Debt & Equity To Bolster Cross-Channel Play
Roll-up ecommerce startup GOAT Brand Labs has reportedly raised $21 Mn in a mix of debt and equity from investors such as BlackRock, Mayfield, and NB Ventures. While the startup did not disclose the...
View ArticleClik here to view.
Jio Financial Services Group COO Charanjit Attra Quits, To Move To Jio...
Jio Financial Services (JFS) group chief operating officer (COO) Charanjit Attra has tendered his resignation from the company. In a regulatory filing with the BSE, JFS said that Attra resigned on...
View ArticleClik here to view.
Xiaomi India Plans To Ship 70 Cr Devices Over The Next Decade
Original equipment manufacturer (OEM) Xiaomi India plans to ship 70 Cr devices, including smartphones, televisions, tablets, and connected devices, over the next decade. Speaking with ET, Xiaomi India...
View ArticleClik here to view.
Accenture Acquires Bengaluru-Based Chip Design Startup Excelmax
IT major Accenture has acquired Bengaluru-based chip design startup Excelmax Technologies for an undisclosed amount. In a statement, Accenture said that the acquisition will enable it to further...
View ArticleClik here to view.
Amazon Pay India CEO Bats For MDR Regime For UPI Payments
Amazon Pay India CEO Vikas Bansal has called for the implementation of the merchant discount rate (MDR) regime for Unified Payments Interface (UPI) transactions. As per Economic Times, Bansal said that...
View ArticleClik here to view.
L&T To Acquire Semiconductor Design Startup SiliConch Systems For INR 183 Cr
Amid the ongoing buzz in the country’s semiconductor space, construction giant L&T is acquiring a 100% stake in semiconductor design startup SiliConch Systems for INR 183 Cr. In a regulatory...
View ArticleClik here to view.
India Emerged As The Third Biggest Investment Destination For Temasek In FY24
India reportedly emerged as the third leading investment destination for Singapore state investor Temasek in the financial year 2023-24 (FY24). The investment major reportedly made the comments on the...
View ArticleClik here to view.
Canada Pension Plan Investment Board Offloads 1.47 Cr Shares Of Nykaa For INR...
Canada Pension Plan Investment Board (CPPIB) on Wednesday (July 10) offloaded more than 1.47 Cr shares (1,47,34,000 to be precise) of beauty ecommerce major Nykaa for INR 256.4 Cr via a block deal. As...
View ArticleClik here to view.
After Labour Ministry Intervention, Paytm Agrees To Pay Notice Period Payment...
Disposing of a petition filed by a former Paytm employee, the labour ministry on Wednesday (July 10) reportedly said that fintech major has agreed to not recover the joining bonus from the aggrieved...
View ArticleClik here to view.
Amazon India Workers Enduring Unsafe Working Conditions With Little Pay, Says...
Amazon India warehouse and delivery workers are enduring “unsafe conditions” while “struggling” with insufficient pay, a survey by workers’ collectives UNI Global Union, published in partnership with...
View Article