Category: Latest NEWS

Key Highlights : Perplexity has offered $34.5 billion in cash to acquire Google Chrome, despite its valuation of only $18 billion. The proposal includes keeping Chrome open-source, retaining existing search defaults, and investing $3 billion over two years in development.   Key Background : 1. Perplexity’s Rapid Rise Established in…

Key Highlights : Lavni Ventures introduces ₹200 crore Fund II for clean energy, healthcare, climate tech, and education start-ups. Basis will range from ₹2–8 crore for seed and Series A to ₹15 crore for follow-on rounds.   Key Background : Since its founding in 2020, Lavni Ventures has emerged as…

Key Highlights : Reliance had nearly 1.9 lakh employees in FY 2024–25, taking its employee base to 4.03 lakh and surpassing Infosys. Retailing (61% employees) and digital services (23%) contributed the most towards growth, while the CAGR of employees rose to 14.3% in four years.   Key Background : Reliance…

Key Highlights : Reliance Retail offloads ₹1,645 crore investment in Dunzo after the rapid-commerce company’s ₹1,800 crore loss in FY23. Dunzo incurred steep per-order losses, leadership departures, unsuccessful fundraising attempts, and large-scale layoffs. Key Background :   Reliance Retail’s withdrawal from Dunzo brings an end to a very aggressive bet…

Key Highlights : Infosys has launched a new facility in Hubballi specializing in AI, cyber security, and space technology. The facility already has more than 1,000 specialists and caters to global customers in core businesses. The facility was welcomed by Karnataka ministers as a stimulus for the state’s technological growth….

Key Highlights : SBI initiates a hiring campaign for 5,500+ Junior Associates under a larger scheme to recruit 20,000 staff in the current fiscal. PSBs as a whole are planning collectively to induct 50,000 new staff against increasing service demands.   Key Background : The recent recruitment by the State…

Key Highlights : Swiggy introduces DeskEats, which has its sights set on office-goers in 30 Indian cities Provides handpicked food packs through more than 200,000 restaurants Sees momentum in corporate participation after swift uptake of Rewards Program   Key Background : Swiggy’s entry into the corporate food delivery segment with…

Key Highlights: Deepinder Goyal initiates LAT Aerospace to create India’s first domestic designed and manufactured gas turbine jet engine. STOL aircraft and drone focus to enhance regional air connectivity. Engineer-first culture: rapid development, no red tape, 100% made in India.   Key Background: India has been attempting to produce indigenous…

Key Points : ₹10,732 crore investment to redevelop Lucknow as India’s first AI city. AI Innovation Centre, 10,000 GPUs, and indigenous AI models in the making. Training of 10 lakh people in AI, ML, data analytics, and cybersecurity.   Key Background : Uttar Pradesh has taken a bold step in…

Key Highlights : Google’s ₹52,000 crore investment in building a 1 GW hyperscale data centre in Andhra Pradesh. Direct and indirect employment of 20,000+ jobs. Green energy focus with ₹16,500 crore (USD 2 billion) for renewable power.   Key Background : The Andhra Pradesh state, particularly Visakhapatnam, is soon becoming…