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No Salaries For Good Glamm Group's Employees For 2nd Consecutive Month

India, June 4 -- Troubled content-to-commerce unicorn Good Glamm Group has reportedly delayed employee salaries for the second consecutive month in May. "April and May salaries were supposed to come ... Read More


Legacy Giants Ahead In EV Race, Udaan's $114 Mn Fundraise & More

India, June 3 -- Legacy Giants Race Ahead In E2W Race Ola Electric can't seem to catch a break. A few days after the Bhavish Aggarwal-led EV maker posted dreadful Q4 FY25 results, data for the month ... Read More


Govt Unveils State-Backed Multimodal LLM For Indian Languages

India, June 3 -- Union minister Jitendra Singh has launched the state-backed multimodal large language model (LLM) for Indian languages. Unlike traditional LLMs that predominantly take text as input,... Read More


COAI Hails Govt Move To Ban 'Illegal' Online Sale Of Walkie-Talkies

India, June 2 -- Days after the Centre issued guidelines to regulate the "illegal" sale of radio equipment on ecommerce platforms, industry body Cellular Operators Association of India (COAI) has repo... Read More


Razorpay's Taxing Flip, New-Age Tech Stocks Fumble & More

India, June 2 -- Razorpay Flips Back, But At What Cost? Razorpay's move to redomicile to India ahead of its planned IPO is not going to be cheap. The fintech unicorn is likely to pay nearly $150 Mn (... Read More


BNP Paribas Picks Up INR 1,488 Cr Stake In Zomato, Dumps INR 503 Cr Shares In Nykaa

India, May 31 -- French banking giant BNP Paribas has bought 6.24 Lakh shares of foodtech major Eternal in a bulk deal worth INR 1,488.71 Cr. As per NSE data, BNP Paribas Financial Markets picked up ... Read More


Govt To Procure Additional 14,000 GPUs: IT Minister

India, May 30 -- IT minister Ashwini Vaishnaw has reportedly said that the government is all set to procure an additional 14,000 graphics processing units (GPUs) under the IndiaAI mission. "In the fi... Read More


Ola Electric's Q4 Snapshot, Razorpay's Homecoming & More

India, May 30 -- Ola Electric's Burn Gets Deeper In Q4 Ola Electric's loss-making spree extended into Q4 FY25 as well. The EV maker's net losses doubled as "execution challenges" and intensifying com... Read More


Flipkart Focussing On Market Share Over Profitability: Walmart Int'l CEO

India, May 30 -- Walmart International CEO Kathryn McLay has said that the retail giant's India ecommerce arm, Flipkart, will not prioritise profitability over market share and future growth. "We're ... Read More


NCLT Orders Freezing Of Gensol's Bank Accounts & Lockers

India, May 29 -- The Ahmedabad bench of National Company Law Tribunal (NCLT) has issued directions to freeze and attach all the bank accounts and lockers of troubled engineering, procurement and const... Read More