Samsung Electronics’ Indian unit has initiated legal action against a labor union leading a significant strike at its only home appliances plant in Tamil Nadu. The strike, which has now lasted for 11 days, has resulted in substantial disruptions to production activities at the facility located near Chennai.
Legal Action
On September 12, Samsung filed a lawsuit seeking a temporary injunction…
Anand Mahindra, chairperson of Mahindra and Mahindra, recently expressed his excitement over Elon Musk’s latest innovation in neurotechnology, the Blindsight device from Neuralink. On September 19, Mahindra took to X (formerly known as Twitter) to share Musk’s post about the groundbreaking device, stating, “If this device lives up to these expectations then, much more than Tesla or SpaceX…
Jim Kavanaugh, CEO of World Wide Technology, recently made headlines by calling on corporate leaders to be transparent about the transformative effects of artificial intelligence (AI) on the workforce. Speaking with CNBC, Kavanaugh emphasized that employees are “too smart” to believe that AI won’t alter their jobs and urged bosses to avoid misleading their teams.
Kavanaugh, who has a net…
As Maruti Suzuki India (MSIL) gears up to launch its first electric vehicle (EV) in January 2025 at the Bharat Mobility Show, the company is not just introducing a new model but also a robust customer support ecosystem. This initiative aims to address key concerns such as range anxiety, charging infrastructure, and resale value, which have hindered EV adoption in India.
Hisashi Takeuchi, MD and…
Vahan, an innovative recruitment platform focused on blue-collar workers, has successfully raised $10 million in a Series B funding round led by Khosla Ventures. This financial boost will be pivotal in advancing Vahan’s artificial intelligence (AI) recruitment technology, enabling it to cater to the unique needs of India’s blue-collar workforce. The round also witnessed contributions from…
The Telecom Regulatory Authority of India (TRAI) has unveiled new recommendations aimed at simplifying the licensing process under the Telecom Act. Notably, the regulatory body has chosen to exclude popular Over-The-Top (OTT) communication services such as WhatsApp, Telegram, and Google’s RCS from this licensing regime. This decision comes despite significant lobbying from major telecom…
Kolkata-based SaaS marketplace startup NowPurchase has successfully raised $6 million in a funding round led by existing investor Info Edge Ventures. The investment, which comprises a mix of equity and debt, also attracted participation from other notable investors, including Orios Venture Partners, 100 Unicorns, and VC Grid, along with family offices and angel investors. This capital infusion is…
Bengaluru-based direct-to-consumer (D2C) Ayurveda platform Kapiva is on the hunt for INR 300-330 crore (approximately $40 million) in funding to further bolster its operations and expand its market presence. Founded in 2016, Kapiva has made a name for itself with its diverse range of Ayurvedic nutrition products, which include juices, gummies, capsules, hair oils, and shampoos. The company aims to…
Stockal, a prominent global investing platform, has announced its strategic acquisition of Acru, a company specializing in investment infrastructure tailored for Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs). This acquisition strengthens Stockal’s mission to create a seamless cross-border investment ecosystem, allowing Indian investors to access over 6,000 global securities…
Schmooze, an AI-driven meme-based dating app, has successfully raised $4 million in a Series A funding round led by Elevation Capital. The funding also attracted participation from notable angel investors, including founders from UltraHuman, The Souled Store, Mosaic Wellness, and Paytm.
Founded in 2021 by Vidya Madhavan and Abhinav Anurag, Schmooze initially targeted US users but expanded to the…
