Digital banking startup Freo, backed by Peak XV, is set to relocate its domicile from Singapore to India, marking a significant shift in the startup landscape. This move aligns with a growing trend of startups returning to their home market, driven by the expanding opportunities within India’s financial sector.
Freo, which operates under Singapore-headquartered MyCash Fintech, is in the early…
The Department for Promotion of Industry and Internal Trade (DPIIT) is set to launch BHASKAR, an innovative digital platform designed to enhance India’s startup ecosystem. This initiative, part of the Startup India program, aims to centralize and streamline collaboration among key players, including startups, investors, mentors, service providers, and government entities.
BHASKAR aligns with the…
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…
Analog Devices (ADI) has entered into a partnership with India’s Tata Group to explore semiconductor manufacturing in the country, signaling a significant step towards bolstering India’s position in the global chip market. The announcement was made on Wednesday, highlighting the collaboration between the U.S. chipmaker and Tata Electronics, the manufacturing arm of the Tata conglomerate.
Tata…
India has officially eclipsed China in crucial global stock gauges, signaling a significant shift in investment dynamics and the potential for a substantial influx of foreign capital into Indian equities. According to a report by Morgan Stanley dated September 17, India now holds a 2.35% weighting in the MSCI AC World IMI Index, compared to China’s 2.24%. This positions India as the…
Ola Electric CEO Bhavish Aggarwal has unveiled a significant shift in the company’s sales strategy, revealing that Ola Electric products will now be available through any retail shop across India. This announcement follows the company’s recent integration into the Open Network for Digital Commerce (ONDC) network, which Aggarwal has hailed as the “future of commerce.”
In a move aimed at…
PayMate, a leading digital B2B payments company in India, has announced a strategic partnership with NPCI Bharat BillPay Ltd. (NBBL) to introduce the PayMate BBPS-B2B platform. This cutting-edge platform aims to overhaul the commercial payment landscape in India by enhancing the efficiency of invoicing, payments, and collections, and fostering a seamless, interoperable ecosystem between buyers and…
The latest allegations from Hindenburg Research, questioning potential conflicts involving the chief of India’s market watchdog, have reignited a critical debate. These claims, which have been denied by both the official and the regulator, necessitate a serious and independent investigation. The Supreme Court in New Delhi should consider reinstating the committee it had previously established…
The significant share acquisition aims to increase the capital of the Indian unit, aligning with Foxconn’s broader strategy of scaling up its operations beyond smartphone manufacturing. Liu highlighted the company’s ambitions to advance in sectors such as information and communication technology (ICT), electric vehicles (EVs), energy, and digital health.
In addition to the Indian investment…
Global Capability Centres (GCCs) have undergone a remarkable transformation from their origins as mere back-office operations to becoming integral powerhouses within the global technology ecosystem. Once relegated to supporting roles for Fortune 500 companies, GCCs in India are now driving innovation and shaping the future of technology on a global scale. This evolution has significantly impacted…
