Latest Startup News, Funding News, Tech News, Insights & Stories from Indian Startup Ecosystem
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: Zerodha co-founder Nikhil Kamath sparked an online debate by suggesting that India could benefit economically if people shifted away from home-cooked meals, similar to Singapore and the U.S. In response, celebrity nutritionist Rujuta Diwekar criticized the idea, urging people not to listen to “rich boys” who downplay the value of home-cooked food. She emphasized…
Summary: Entrepreneur and Shark Tank India judge Anupam Mittal has criticized social media platforms like YouTube for enabling provocative content to go viral while avoiding accountability when controversy arises. Referring to the legal scrutiny faced by creators Ranveer Allahbadia and Apoorva Mukhija over India’s Got Latent, Mittal argued that platforms encourage extreme content for engagement…
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: OYO is investing $10 million (Rs 87 crore) in G6 Hospitality, the operator of Motel 6 and Studio 6, to enhance its digital presence. The investment will focus on expanding the Motel 6 website and My6 app, aiming to quadruple app installs before summer. OYO will leverage advanced digital targeting strategies and its partnerships…
Summary: The Indian government is set to allocate ₹6,000 crore to BSNL to accelerate its 4G expansion, enabling the deployment of around 100,000 4G sites nationwide. The funding, reportedly approved at a recent Cabinet meeting, aims to enhance BSNL’s network capacity and competitiveness in the telecom market. This move aligns with the government’s efforts to…
Summary: Sam Altman, CEO of OpenAI, has revised his stance on India’s AI potential, moving from skepticism to support. Initially calling India’s AI ambitions “totally hopeless” in 2023, he now encourages the country to take a leadership role in the field. Speaking at an event with Union Minister Ashwini Vaishnaw, Altman acknowledged India’s growing tech…