Razorpay POS, the offline payments arm of fintech behemoth Razorpay, has launched a game-changing payment system called ‘Q-Zap’. This revolutionary package is intended to streamline the checkout process for offline shops, improving in-store consumer experiences while drastically reducing operating expenses. Razorpay POS’s Q-Zap technology promises to reduce billing times by 40% and save retailers up…
In a landmark legal milestone, the Delhi High Court awarded first relief to Tesla Inc., the well-known US-based electric vehicle (EV) maker led by Elon Musk, in its trademark infringement case with Gurugram-based Tesla Power. The court’s decision responds to Tesla Inc.’s worries about the sale of e-scooters branded with “Tesla Power,” which the firm…
May 31, 2024: In a significant development, Federal Bank, a prominent private sector bank in India, has announced a strategic Bancassurance tie-up with Tata AIA Life Insurance Co Ltd, one of the country’s leading life insurance companies. This partnership aims to provide Federal Bank’s customers access to Tata AIA Life’s comprehensive insurance product suite, thereby…
OYO, the travel tech unicorn, revealed its first profitable financial year for 2023–24, with a net profit of approximately ₹100 crore. Founder and CEO Ritesh Agarwal announced the news on social media platform X (previously Twitter), expressing confidence in the company’s future growth possibilities in both domestic and foreign markets. “While a delighted customer or…
The parent company of Paytm, One97 Communication Ltd (OCL), has denied media reports implying that Gautam Adani, the head of the Adani Group, is thinking about buying a share in the massive digital payment startup. According to the sources, Adani and Paytm founder Vijay Shekhar Sharma had talks to seal a possible agreement. One97 Communications…
Salesforce India is at the forefront of the AI-driven job revolution, with the company expanding its hiring for a range of new AI roles that necessitate unique skills and on-the-job learning. Nathalie Scardino, Chief People Officer at Salesforce, emphasized the transformative impact of AI on job creation. She pointed out that while traditional roles will…
Infosys CEO Salil Parekh has assured that the company has no intentions of implementing job cuts, including rightsizing or downsizing, due to the adoption of generative AI (GenAI). In a recent interview with CNBC-TV18, Parekh stated, “Infosys is not looking at rightsizing, downsizing, or any kind of job cuts as has happened with others in…
May 2024 — In an ongoing court battle, SpiceJet has rejected KAL Airways and Kalanithi Maran’s demand for Rs 1,323 crore in damages, saying the charges are “legally untenable.” This statement follows KAL Airways and Maran’s announcement on Monday that they want to seek damages and fight a recent Delhi High Court decision. The issue…
Mumbai, May 2024— FSN E-Commerce Ventures, also known as Nykaa, has announced the nomination of Santosh Desai as an independent director on its Board, beginning July 15, 2024. Desai’s term will last three years, subject to shareholder approval. Santosh Desai brings extensive expertise to Nykaa’s board, having previously served as CEO of Future Brands for…
Malé, May , 2024— The Maldives has announced plans to implement India’s RuPay payment system, a significant step toward improving economic cooperation and financial stability. While the precise start date is unknown, the project is expected to strengthen the Maldivian Rufiyaa and deepen commercial connections between the two adjacent countries. The announcement comes after ongoing…
