InMobi, a mobile advertising platform supported by SoftBank, intends to launch an IPO in India. The company aims to raise $1 billion. It plans to appoint arrangers for the Mumbai IPO and submit a draft prospectus this year. InMobi may…
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BigBasket, the Tata Digital-backed e-grocery platform, experienced a decline in annual turnover. This was due to stiff competition from quick commerce rivals like Blinkit and Zepto. Innovative Retail Concepts’ turnover fell 3% to Rs 7,673 crore. Losses also increased to…
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Global rankings such as Stanford AI rankings place India among the top countries in AI skills, capabilities, and policies to use AI. India is also the second-largest contributor to GitHub AI projects, showcasing its vibrant developer community, Minister of State…
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Nestle India faced a profit dip in the June 2025 quarter. The company’s consolidated net profit declined by 13.4 percent, reaching Rs 646.59 crore. High commodity prices impacted the earnings. However, revenue from sales saw an increase of 5.86 percent,…
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President Trump challenged tech companies to prioritize American workers over outsourcing, particularly targeting firms like Google and Microsoft. He signed executive orders to boost domestic AI development, aiming to reduce reliance on foreign expertise and ensure AI serves national interests.…
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India’s private sector showed robust growth in July, fuelled by strong manufacturing and global demand, the HSBC Flash India Composite Purchasing Managers’ Index (PMI) showed on Thursday.
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