Business News

Google’s parent company, Alphabet Inc., is reportedly in discussions to acquire cybersecurity upstart Wiz Inc., as revealed by a source privy to the situation. The deal could culminate in an eye-popping $23 billion, positioning it as Alphabet’s most substantial acquisition to date. Despite the ongoing negotiations, no definitive agreement has been reached, and discussions may […]

Bhavish Aggarwal, the visionary behind Ola, is galvanizing developers to transition from Google Maps to Ola Maps. To entice developers, Ola is offering an enticing proposition: a year of complimentary access to Ola Maps on the company’s Krutrim Cloud, supplemented with over ₹100 crore in free credits. This strategic move follows Ola’s substitution of Google

In an unexpected turn of events, Koo, the vernacular microblogging beacon once touted as India’s answer to Twitter, has ceased its operations. The announcement came via a poignant LinkedIn post by the platform’s co-founder and CEO, Aprameya Radhakrishna. The closure, while unfortunate, was not unforeseen. The company had been grappling with user traction and was

The Gujarat government has entered into a memorandum of understanding (MoU) with IBM to create an artificial intelligence (AI) cluster at the Gujarat International Finance Tec (GIFT) City. This initiative aims to leverage IBM’s GenAI platform, watsonx, to drive innovation and foster collaboration among financial institutions within the City. Under this agreement, IBM will assist

E-commerce behemoth Flipkart heralded an impressive milestone, revealing that users collectively invested over 2 million hours in its video commerce features from June 2023 to May 2024. The company disclosed that over 75 million users engaged with video content on its app between January 2024 and June 2024, utilizing the ‘Liveshop+’ and ‘Vibes’ sections. “Flipkart’s

In its recent conclave, the Goods and Services Tax Council eschewed major discussions in favor of ratifying a plethora of procedural and compliance-related measures, anticipated to provide significant relief and clarity to industries and taxpayers alike. The Council’s resolutions included extending deadlines for input tax credits, adjusting monetary thresholds for appeals within the GST Appellate

After a half-year wait subsequent to submitting a draft red herring prospectus (DRHP), Ola Electric has finally garnered approval from the Securities and Exchange Board of India (SEBI) for its ambitious initial public offering (IPO). Back in December 2023, Ola Electric lodged the DRHP with the intention of amassing Rs 5,500 crore ($660 million) via

Zomato, a major player in the foodtech industry, has confirmed ongoing discussions with Paytm to acquire its movies and ticketing business. This news comes from the latest stock exchange filings by both companies. Reports indicate that Zomato is considering an acquisition deal valued between Rs 1,600-1,750 crore ($190-210 million). In its filing, Zomato stated, “We

Bengaluru’s innovative neobanking venture, Jupiter Secures RBI Wallet License from the Reserve Bank of India (RBI). This significant achievement empowers the startup to extend digital wallet services to its clientele, facilitating UPI payments, fund transfers, and bill payments with ease. Unveiling the Prepaid Account Feature With this PPI license in hand, Jupiter is poised to

Hemesh Singh, co-founder and Chief Technology Officer (CTO) of Unacademy, has announced his departure from the executive role at the educational technology behemoth. Singh communicated his decision via the social media platform X (formerly known as Twitter) on Saturday, stating he would transition into an advisory capacity. In his candid post, Singh articulated his choice

Amidst financial constraints, BYJU’S has implemented a sweeping reduction in the fixed salaries for new sales recruits by more than 90%, according to numerous sources. This change follows the recent decision to tether sales staff remuneration to their performance metrics from the previous month. has examined offer letters extended to various inside sales associates in

In India’s financial technology narrative, a singular application has emerged as the nexus of multiple services. Now, Jio Financial Services (JFS) is set to unveil its own multifaceted app, potentially redefining the market landscape. With the introduction of the ‘JioFinance’ application, JFS aims to amalgamate digital banking, UPI, bill payments, and insurance advisory into one

Indian space startup Agnikul Cosmos has successfully launched its first sub-orbital test vehicle, powered by the world’s first single-piece 3D-printed rocket engine. This remarkable achievement came after four previous launch attempts were called off. The Indian Space Research Organisation (ISRO) congratulated Agnikul, stating it is “a major milestone, as the first-ever controlled flight of a

In a notable resolution, fintech titans BharatPe and PhonePe have harmoniously concluded their protracted legal skirmishes concerning the ‘Pe’ suffix trademark. These companies had been ensnared in extensive judicial conflicts spanning half a decade, litigating in various courts. This settlement heralds the cessation of all ongoing legal proceedings. Progressing forward, PhonePe and BharatPe have initiated

Airtel Payments Bank has reported an impressive growth in net profit, which surged by over 60% to INR 34.5 crore for the financial year 2023-24 (FY24), up from INR 21.1 crore in FY23. This substantial increase can be attributed to the robust expansion in both transacting user numbers and payment volumes. The bank’s revenue also