Zarin Daruwala, the CEO of Standard Chartered India and South Asia, has announced her retirement effective April 1, 2025. The bank shared the news on Wednesday, highlighting Daruwala’s significant impact over her nearly 35-year banking career.
Daruwala joined Standard Chartered in 2016 and has since played a pivotal role in positioning India as one of the bank’s largest markets. Under her…
Whatfix, a leading digital adoption platform, has successfully raised $900 million in its Series E funding round, spearheaded by private equity giant Warburg Pincus, with additional support from existing investor SoftBank Vision Fund 2. This new capital is set to fuel the company’s expansion into markets across the US, EMEA (Europe, the Middle East, and Africa), and APAC (Asia-Pacific)…
India is gearing up to fabricate its very first semiconductor chip in just two years, according to Commerce Minister Piyush Goyal. This ambitious move comes as major U.S. chipmakers like Nvidia, AMD, and Micron plan to expand their operations in the country.
A Semiconductor Revolution
During a recent interview with CNBC in New York, Goyal emphasized the growing interest in India’s semiconductor…
Digital lifestyle brand Pluckk has announced its acquisition of Upnourish, a burgeoning nutrition brand in India, in a deal valued at $1.4 million. This strategic move is part of Pluckk’s ongoing efforts to expand its footprint in the nutrition sector and cater to the growing demand for health-focused food options.
Expanding into the Nutrition Market
The acquisition comes at a pivotal moment…
In a strategic maneuver that signals its intent to dominate the rapidly evolving bike taxi market in India, Uber has announced a partnership with Shadowfax, an IPO-bound logistics service provider. This collaboration aims to enhance Uber’s bike taxi offering, UberMoto, by integrating Shadowfax’s extensive two-wheeler fleet. As competition heats up in the ride-hailing industry, this partnership…
BharatPe has officially resolved its protracted legal dispute with former co-founder Ashneer Grover, ending a contentious chapter that began in early 2022. The settlement marks a significant turning point for the fintech company, allowing it to refocus on its growth trajectory.
Settlement Details
According to a statement from BharatPe, the agreement ensures Grover’s complete dissociation from…
India’s e-commerce sales are projected to reach between ₹1 lakh crore and ₹1.2 lakh crore in gross merchandise value (GMV) this festive season, driven by strong pent-up demand and a trend towards premiumization, according to a report from Redseer Strategy Consultants. This represents a 20% year-on-year growth for the sector.
Key categories like mobiles, electronics, and fashion are poised…
In a groundbreaking initiative, Titan Capital, India’s premier seed-stage venture capital firm founded by Kunal Bahl and Rohit Bansal, has introduced “Indicorns”—an innovative index highlighting the most profitable startups in the country. This new classification moves beyond the traditional unicorn focus on valuation to emphasize sustainable profitability and long-term business…
L&T Semiconductor Technologies, a fabless chip company, is set to begin manufacturing its own semiconductor products by 2026, according to CEO Sandeep Kumar. The company is currently in the process of building teams to manage the design of 15 different semiconductor products and is already halfway through this initiative. Kumar stated that full capacity for product design will be reached within…
HDFC Bank Ltd. has recently sold a housing loan portfolio valued at approximately 60 billion rupees ($717 million) as part of its strategy to alleviate its credit load amidst increasing regulatory scrutiny in the banking sector. The transaction involved private deals with about six state-controlled banks, according to sources familiar with the situation who requested anonymity due to the…
