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Summary: Zinka Logistics Solutions, the parent company of BlackBuck, has received two tax notices totaling Rs 14.2 crore from the Bengaluru Commercial Taxes Office and the Deputy Commissioner of Income Tax (TDS). BlackBuck, which went public last November, plans to appeal both orders, asserting a strong case on merit. The company remains committed to compliance…
Summary: The State Bank of India (SBI) has set a target to achieve net-zero emissions by 2055, coinciding with its centenary year, as announced by Chairman C.S. Setty at the SBI Green Marathon Season 5 event. The marathon, with over 10,000 participants, promoted environmental sustainability. SBI has been actively supporting green initiatives, including financing renewable…
Summary: Tata Consultancy Services (TCS) is set to implement annual salary hikes in March 2024, effective from April 2025, with increases ranging between 4% and 8%. These hikes are tied to employees’ compliance with the company’s return-to-office (RTO) mandate introduced in early 2024. The IT sector is witnessing a slowdown in salary increments due to…
Summary: Union Minister Jyotiraditya Scindia announced that India is set to lead the development of next-gen 6G technology, reinforcing its global telecom leadership. Speaking at the ET Now Global Business Summit, he praised India’s record-fast 5G rollout, covering 99% of districts and 82% of the population in just 22 months. Scindia also revealed that 6G…
Summary: Deputy Governor of Japan’s Yamanashi Prefecture, Ko Osada, announced that a delegation of 250 Japanese CEOs will visit Uttar Pradesh to explore investment opportunities. During a meeting with Chief Minister Yogi Adityanath, Osada highlighted the state’s strong law and order, good governance, and rapid economic growth as key factors attracting Japanese interest. The visit…
Summary: Foodtech startup Mealawe, known for its AI-driven personalized meal kits, has raised $1 million in a seed funding round led by a network of Shark Tank founders and angel investors. Founded in 2023, the company aims to simplify meal planning by blending technology with convenience and sustainability. The funding will be used to enhance…
Summary: Sharan Hegde’s 1% Club has become the first finfluencer-led company in India to secure a SEBI-registered Investment Adviser (RIA) license. This milestone establishes a new level of credibility for financial influencers in India. The SEBI RIA license allows the 1% Club to offer transparent and unbiased investment advice under regulatory oversight, enhancing trust and…
In an exciting new partnership, Nike has teamed up with Blinkit, a leading Indian quick-commerce service, to offer ultra-fast delivery of gym accessories. Customers in Delhi NCR can now get their hands on products like yoga mats, sippers, gym gloves, headbands, wristbands, and towels in just 10 minutes through Blinkit’s service. Albinder Dhindsa, CEO of…
Bengaluru, India – Ola Electric, the prominent electric vehicle (EV) maker, announced the resignation of two key executives, Chief Technology Officer (CTO) Suvonil Chatterjee and Chief Marketing Officer (CMO) Anshul Khandelwal, effective December 27, 2024. Both leaders cited personal reasons in their resignation letters addressed to the company’s management. In their letters, Khandelwal and Chatterjee expressed…
Daily Indian Startup News and Funding Alert – 29 July 2024 Funding News D2C haircare brand Moxie Beauty raises Rs 17.3 Cr Moxie Beauty, a D2C haircare brand based in Gurugram, has raised Rs 17.3 crore ($2.1 million) in funding led by Fireside Ventures. This round also saw participation from a group of angel investors,…