Karnataka government is planning new technology hubs outside Bengaluru. This aims to reduce traffic congestion for millions of tech professionals. Deputy Chief Minister DK Shivakumar discussed this with industry leaders. They agreed to work together on an action plan. The…
Eyewear giant Lenskart has reported a significant turnaround, posting a Rs 62 crore net profit in Q1FY26, a stark contrast to last year’s Rs 11 crore loss. The company’s operating revenue also saw a healthy 25% jump. Ahead of its…
Eyewear giant Lenskart is gearing up for its Initial Public Offering with an expected valuation of Rs 70,000 crore. Investors are anticipating substantial gains, with some seeing returns of up to 17 times their initial investment. The company’s valuation has…
Canva India, the fourth-largest global market for the platform, aims to become its top market, driven by creators, students, and AI adoption. With over 2.8 billion designs created and tailored local content, Canva leverages India’s mobile-first, digitally savvy population, strategic…
The round will see participation from VC firms Peak XV Partners and Unilazer Ventures, valuing the company at around Rs 150 crore ($17 million). The platform that facilitates open and anonymous discussions on topics including career, finance, professional experiences, and…
The government is taking steps to support traditional media amid rapid digitisation. Initiatives include TRP reforms, raising advertisement rates, and integrating RNI, CBC, and PIB for better coordination. Efforts also focus on improving transparency, outreach, and fact-checking, including a chatbot…
Byju’s, the once celebrated edtech giant, has found itself embroiled in a prolonged legal and financial crisis. Delayed audits, funding shortfalls, debt disputes, insolvency proceedings, and regulatory actions—including Supreme Court and NCLT interventions—have marked its troubles. Here’s a look at…
The newly formed entity, Reliance Enterprise Intelligence Ltd (REIL), is a joint venture between RIL’s subsidiary, Reliance Intelligence Ltd, and Meta’s wholly owned subsidiary, Facebook Overseas, Inc. Reliance Intelligence will own a 70% majority stake in REIL, and Facebook Overseas,…
The government-backed cooperative taxi service, which will charge the drivers only a small membership fee and no commission, is set to give private ride-hailing companies like Ola and Uber a run for their money.
Reliance Industries and Facebook’s Indian arm have formed a joint venture, Reliance Enterprise Intelligence Limited (REIL), to develop and distribute enterprise AI services. The new entity, with an initial investment of Rs 855 crore, will see Reliance Intelligence hold a…