Indian gifting startups raise funds worth $116 million in 10 years
India’s gifting startups raised $115.9 million in the last decade, showing steady but modest growth, a report said on Thursday.
Read More
Paytm cuts headcount by 4,600 in FY25
In FY24, the company reported an average of 43,960 active on-roll employees, inclusive of all subsidiaries. In FY25, the headcount decreased to 39,368 on-roll employees. Out of the 39,368 employees, 32,614 employees were engaged in sales. The company’s employee costs…
Read More
Strong domestic fundamentals to cushion FDI despite US tariff headwinds: BoB Economist
Despite the fresh headwinds from elevated U.S. tariffs, India’s strong domestic economic fundamentals are expected to support foreign direct investments (FDI) in the country, according to Sonal Badhan, Economics Specialist at Bank of Baroda.
Read More
India’s merchandise imports to grow twice than exports in current financial year: RBI Survey
India’s merchandise imports to grow by 2 times more than exports in the current financial year, highlighted a latest survey by RBI.
Read More
India risks 1% GDP hit as Trump slaps 50% tariffs over Russian oil
Trump 50% tariffs on India: Analysts predict India’s GDP growth could decline by up to 1% due to the US doubling tariffs on Indian goods in response to continued Russian oil purchases. This move threatens to reduce Indian exports to…
Read More
Uber in talks with banks, private equity firms to fund robotaxi expansion
The company is in talks to secure funds from private equity firms and banks. Uber aims to deploy robotaxis through partnerships with companies like Volkswagen and Lucid.
Read More