The fintech giant Phonepe has announced ₹2,800 crore investment aimed at ramping up its infrastructure across India. This includes building new data centers as part of its commitment to data localization.
Blinkit, the quick delivery service under Zomato, is rolling out express dark stores to deliver high-value items like air purifiers and jewelry in just 30 minutes. This move is all about upping the average order value and going head-to-head with giants like Flipkart and Amazon as the quick delivery scene heats up.
Ola Electric is claiming they've resolved 99% of consumer complaints after a notice from the CCPA regarding over 10,000 complaints. They're looking to up their after-sales service and significantly expand their network by 2025.
Waaree Energies Limited's IPO kicked off with a bang, attracting 4.76 crore bids for 2.11 crore shares on offer, resulting in a 2.26x subscription. Non-Institutional Investors led the way, while Qualified Institutional Buyers weren't as eager. The offering is open until October 23, 2024.
PhonePe has cut its customer support staff by 60% over the last five years, showing just how much AI technology is taking over. This shift highlights the need for businesses to adapt to automation, impacting jobs and the industry as a whole.
Amazon Web Services CEO Matt Garman recently reaffirmed the company's five-day work-from-office rule during an all-hands meeting, saying that in-person teamwork is key for innovation, even though employees are worried about work-life balance and commuting costs.
A company accidentally hired a North Korean cyber criminal who stole sensitive data and tried to extort them after getting fired. This hacker faked his credentials, used company tools to download info, and demanded a ransom in cryptocurrency. It’s a stark reminder of the rising threat from North Korean infiltrators in remote jobs.
India's retail distributors are pushing the antitrust authority to look into Blinkit, Swiggy, and Zepto for what they claim are predatory pricing tactics that threaten local retailers. Quick commerce is booming, but it might be messing with the traditional distribution game.
A complaint from Pune investor Harshal Shantaram Pinjan has blown the lid off a jaw-dropping Rs 900 crore fraud linked to the OctaFx forex trading platform. The scam, which promised huge returns, mainly targeted folks with hearing and speech disabilities, leading to major financial losses. As the investigation heats up, authorities are teaming up internationally to tackle this widespread con.
Jio, owned by Mukesh Ambani, has lost a whopping 10.9 million users after raising its tariffs, even though its 5G subscriber numbers are on the rise. The company thinks this drop is pretty normal and won’t hurt their profits, as they’re focused on beefing up their 5G network and services.