Author: News Desk
Indian tech company Zoho is now shifting its focus from horizontal SaaS to vertical SaaS, aiming to offer highly tailored software solutions for specific industries. CEO Mani Vembu described vertical SaaS as a major growth opportunity, comparing its current stage to the early days of horizontal SaaS two decades ago. Industry-Specific Offerings in Focus Zoho plans to build specialised products for sectors like auto dealership management (Auto DMS) and banking, financial services, and insurance (BFSI). By doing so, the company aims to cut down software implementation times from 18 months to just six. Zoho is now working on scaling and…
Paytm has decided to move forward with a new development partner for its proposed IT/ITES complex in Noida, with an Adani group company set to take over the project. Project on 10-Acre Plot The IT complex is planned on a 10-acre plot in Noida. The site will now be developed by an Adani group firm, following the cancellation of an earlier agreement with ACE Builders and Promoters. ACE Builders Exit Due to Regulatory Issues In January 2024, Paytm’s board had approved a joint development agreement with ACE Builders. Under that arrangement, ACE was responsible for raising capital for the project.…
India and the Maldives are currently in talks to negotiate a Free Trade Agreement (FTA) and an investment treaty aimed at deepening their economic relationship. According to Foreign Secretary Vikram Misri, the discussions also cover new cooperation areas such as renewable energy and fisheries. These updates come ahead of Prime Minister Narendra Modi’s scheduled visit to the Maldives on July 25. India Among Maldives’ Top Trading Partners Foreign Secretary Misri highlighted India’s strong economic engagement with the Maldives. Bilateral trade between the two nations stands at nearly $500 million, with Indian investors already active in key sectors like tourism. Misri…
Grandmaster Koneru Humpy has made history by becoming the first Indian woman to enter the semifinals of the prestigious FIDE Women’s World Cup. The 38-year-old advanced after securing a draw against China’s Song Yuxin in the second leg of their quarterfinal match. With a win in the first game already in hand, Humpy only needed a draw to move forward, which she achieved with a calm and strategic approach. A Smooth Finish Without Tie-Breaks Humpy expressed satisfaction with avoiding tie-breaks. “It feels happy to qualify without playing tie-breaks,” she said, though she admitted she could have played better. Despite gaining…
The Ministry of Corporate Affairs (MCA) has removed 40,949 inactive companies from the corporate registry under the Companies Act, 2013, over the past three financial years. These removals targeted non-operational and shell entities to ensure a cleaner and more compliant corporate ecosystem. Action Against Non-Compliant Firms In response to an unstarred question in Lok Sabha on July 21, 2025, Minister of State Harsh Malhotra explained that these companies were struck off after being inactive for two consecutive financial years and failing to fulfill statutory requirements like filing declarations or subscribing to capital at the time of incorporation. The most recent…
Kerala Innovation Festival 2025: A decade of driving change and innovation Kochi is gearing up for the second edition of the Kerala Innovation Festival (KIF), an initiative of the Kerala Startup Mission (KSUM). Scheduled for July 25 and 26 at the KSUM headquarters, the festival promises to be a vibrant hub of ideas, creativity, and entrepreneurial energy. This year’s theme, “Innovate the Future, Celebrate the Decade,” celebrates KSUM’s 10th anniversary and its remarkable journey of supporting over 6,500 startups and facilitating investments worth more than ₹6,000 crore in Kerala’s startup ecosystem. A platform for creators, innovators, and change-makers KIF 2025 will host…
Ambani Family’s Culinary Simplicity: From Idlis to Pankis In a world where billionaires are often associated with fine wines and truffle risottos, Mukesh Ambani, India’s richest man, prefers the heart of Matunga East for a crisp Mysore masala dosa or a delicate rice-flour pancake called panki. In an era obsessed with luxury, the Ambanis’ enduring love for South Indian food and Gujarati chaat joints feels refreshingly grounded. From the late Dhirubhai Ambani to Mukesh Ambani, and now to Anant Ambani and Radhika Merchant, certain culinary traditions have stood the test of time. At the centre of this palate nostalgia are…
Sanjiv Goenka, a prominent Indian industrialist, is a close friend and business associate of cricketer Virat Kohli. Their collaboration includes organising the ‘Indian Sports Honours’ awards through Goenka’s company, the RPSG Group. Goenka’s Business Empire Goenka’s estimated net worth stands at ₹33,000 crore. He is the head of the RPSG Group, which operates in sectors like power and energy, IT-enabled services, media, and entertainment. In Forbes Billionaires 2023, he ranked 1,434 globally and 83rd in Forbes India’s list of the 200 richest Indians. Owner of IPL Franchise Lucknow Super Giants Goenka owns the IPL team Lucknow Super Giants (LSG), which…
Optimus: Elon Musk’s humanoid robot goes viral Elon Musk continues to showcase the growing abilities of Tesla’s Optimus humanoid robots, and his latest demonstration has gone viral. At the soft opening of the Tesla Diner and Supercharger station at 7001 W. Santa Monica Boulevard in Hollywood, Los Angeles, Optimus impressed visitors with its human-like behavior. The latest demonstration In a video shared by Musk on X (formerly Twitter), an Optimus robot is seen politely serving popcorn to a customer. The robot holds a packet, fills it with two precise pours, and hands it over with a thumbs-up and a wave.…
Gita Gopinath to step down from IMF and return to Harvard Gita Gopinath, Deputy Managing Director of the International Monetary Fund (IMF), will step down from her role in August 2025. She will rejoin Harvard University as the inaugural Gregory and Ania Coffey Professor of Economics, marking her return to academia after a transformative stint at the IMF. Who is Gita Gopinath? Born in India and now a US citizen, Gopinath made history as the first woman to serve as the IMF’s Chief Economist in 2019. She taught economics at Harvard for over a decade before joining the IMF and…