In a notable escalation of capital support within the aerospace sector, Jeh Aerospace has successfully secured an $11 million investment in a financing round spearheaded by Elevation Capital. The significance of this investment is underscored by the participation of other notable venture capital entities, such as the previously involved Galactic Ventures and new backers Celestial…
In an introspective revelation, Darpan Sanghvi, CEO of The Good Glamm Group, acknowledged the strategic errors that led to the company’s recent downsizing and operational restructuring. This notable disclosure arrived amid the aftermath of the beauty startup having to significantly reduce its workforce by nearly 35% and reevaluate its business approaches. Sanghvi’s candid commentary offers…
In a significant boost to India’s manufacturing capabilities in the electronic sector, Kaynes Technology India Ltd. has announced plans to invest INR 5,000 crore (approximately USD 630 million) in establishing a new facility dedicated to the production of electronic components in Tamil Nadu. This strategic move aligns with the country’s aggressive push to position itself…
In a move that has rippled through the technology sector, Foxconn, formally known as Hon Hai Precision Industry Co. Ltd., announced the suspension of its stock trading due to an upcoming disclosure of material information. This decision, as reported by Startup News FYI, underlines a potentially significant development within the company, known globally for its…
Amazon has introduced the latest addition to its suite of smart devices in India, the Echo Show 5 (3rd Gen), which aims to enhance user interaction through improved features and a more engaging user interface. This release signifies another step in Amazon’s strategy to capitalize on the booming home automation market in India. The new…
In an insightful analysis by TeamLease, a prominent human resource company, the anticipations for India’s economic landscape in fiscal year 2026 depict a robust growth in salaries across several sectors, with technology, electric vehicles (EVs), and retail poised to be at the forefront of this upsurge. As mentioned in the article “Tech, EVs, Retail to…
In a robust start to the fiscal year, Go Digit Insurance has reported a significant 37% increase in its quarterly profit, reaching Rs 138 crore in the first quarter, up from Rs 100.8 crore in the corresponding period last year. This performance underscores the company’s growing influence in the Indian insurance market, marked by strategic…
