Ride-hailing and urban mobility platform Rapido has secured $240 million in a fresh funding round, marking a significant milestone in its rapid growth journey and pushing its valuation to $3 billion. The latest investment underscores strong investor confidence in the company’s expanding role in India’s increasingly competitive mobility and logistics sector. The funding round was...
OpenAI has introduced its advanced coding assistant Codex to the ChatGPT mobile application, marking a significant step toward making AI-powered software development more accessible on smartphones and tablets. The move reflects the company’s broader push to integrate professional-grade AI coding tools into everyday workflows, enabling developers, students, and technology enthusiasts to write, review, and understand...
The Indian government has decided to continue restrictions on sugar exports until September 30, extending its policy aimed at safeguarding domestic supplies and keeping retail prices under control. The move comes as authorities remain cautious about food inflation, changing weather conditions, and the impact of fluctuating agricultural output on the country’s sugar balance. The export...
Global technology giant Cisco is preparing to eliminate approximately 4,000 positions as part of a broad restructuring initiative aimed at strengthening its artificial intelligence capabilities and streamlining operations for long-term growth. The move comes at a time when the company is witnessing a surge in customer demand and increased enterprise spending on AI-powered infrastructure solutions....
Mumbai commuters and transport operators are set to face increased travel expenses after compressed natural gas (CNG) prices in the Mumbai Metropolitan Region (MMR) were raised by ₹2 per kilogram. The revised rate of ₹84 per kg came into effect from midnight on May 14, impacting lakhs of vehicle owners who rely on CNG as...
Air India is set to significantly reduce its global operations by cancelling and suspending around 400 international flights every month between June and August, in response to mounting operational challenges driven by rising fuel prices and ongoing geopolitical instability affecting global air routes. The airline’s decision reflects a broader strain on the aviation sector, where...
In a significant policy decision aimed at regulating precious metal inflows and strengthening macroeconomic stability, the government has raised the import duty on gold and silver to 15 percent. The move is expected to reshape bullion trade dynamics, impact domestic prices, and curb rising imports of precious metals. Policy Objective Behind the Duty Hike The...
London’s commercial property sector is heading toward a major structural shake-up as new environmental compliance rules threaten to render a large share of office buildings unfit for future leasing. Industry analysis indicates that the majority of office stock in key business districts such as Westminster and the City of London may fail to meet upcoming...
India’s leading investment platform Groww witnessed a sharp recovery in its share price after an intense selloff triggered by a large-scale stake sale from early investors. Shares of Billionbrains Garage Ventures, the parent company of Groww, surged nearly 6% in trading despite three major US-based investors collectively offloading shares worth approximately ₹5,326 crore through block...
The United States administration has proposed a significant increase in minimum wage requirements under the H-1B visa programme, a move that could dramatically alter hiring practices for foreign skilled workers and reshape the business strategies of global technology firms. Under the proposed regulation, prevailing wages for H-1B visa holders could rise by nearly 30 percent...