Summary: Skoda Auto is aggressively pursuing its EV ambitions in India despite Volkswagen Group’s $1.4 billion tax dispute with Indian authorities. The company plans to launch locally assembled EVs by 2025, leveraging localization strategies to enhance affordability. With India’s EV market expected to grow rapidly, Skoda remains committed to long-term investment and expansion, despite regulatory…
Summary: In 2025, layoffs have affected multiple industries as companies cut jobs to reduce costs and adapt to economic shifts. The tech sector continues to struggle, with major firms like Google and Meta reducing headcounts due to automation and declining revenues. Financial institutions, including Goldman Sachs and JPMorgan, have also made job cuts amid economic…
Summary: Reliance Industries’ shares fell 3.6% following reports of a potential ₹125 crore penalty from SEBI due to alleged regulatory violations. While the penalty is minor compared to Reliance’s financial scale, the news triggered investor concerns over corporate governance and regulatory scrutiny. Analysts noted that such fines can hurt investor sentiment despite their limited financial…
Summary: Darwinbox, a leading HR tech platform, is in advanced talks to raise $150 million in a funding round led by KKR and Partners Group, valuing the company at around $950 million. The investment includes both primary and secondary components, with early investors expected to exit partially or fully. Founded in 2015, Darwinbox has seen…
Summary: Taiwan’s Delta Electronics is investing $500 million in India to enhance manufacturing and innovation, aligning with the ‘Make in India’ initiative. The investment will expand production facilities for power electronics, EV components, and energy-efficient solutions while creating jobs and boosting India’s role in the global supply chain. Delta is also investing in R&D to…
Summary: Google Pay has introduced a convenience fee on bill payments made using credit and debit cards, impacting users who rely on the platform for recurring expenses. The fee varies by transaction type and region, while UPI-based payments remain free. The move is likely driven by processing costs, revenue diversification, and an effort to encourage…
Summary: A new wave of sweeping tariffs imposed by major economies like the U.S., EU, and China is set to disrupt global trade. These tariffs aim to protect domestic industries but risk triggering retaliatory measures, escalating trade tensions. Experts predict rising prices, inflation, and supply chain disruptions, impacting industries such as technology, automotive, and agriculture….
Summary: Reports suggest DOGE (Dogecoin) attempted to access IRS taxpayer data, raising privacy and security concerns. The IRS is investigating possible unauthorized access, while regulators examine legal implications and potential risks. Financial authorities may impose stricter regulations on cryptocurrencies handling sensitive data. Meanwhile, the Dogecoin community dismisses the claims as misinformation. If confirmed, the incident…
Mumbai-based startup Snabbit raises $5.5M led by Elevation Capital to expand its quick-service home app, promising rapid on-demand services and improved benefits for service professionals. Snabbit Secures $5.5M in Series A Funding to Revolutionize Home Services Snabbit Raises $5.5M to Transform the On-Demand Home Services Industry Snabbit, an innovative quick-service app that connects households with…
BlueMedix, a Bengaluru-based health-tech startup, raises $5 million to enhance its digital healthcare platform, expand into underserved regions, and improve patient outcomes across India. BlueMedix Secures $5 Million in Pre-Series Funding to Revolutionize Indian Healthcare BlueMedix, a cutting-edge health-tech startup headquartered in Bengaluru, has successfully raised $5 million in a pre-series funding round. The round…
