The digital payments giant announced the dormancy charge citing rising costs of maintaining inactive accounts with netizens reacting angrily online.
Category: Business
ONGC and BP Expand Partnership with Technical Services Contract for Western Offshore Basin
India’s largest oil producer and BP signed an expanded collaboration agreement covering exploration and technical services in western offshore fields.
Noam Shazeer Co-Author of the Transformer Paper Joins OpenAI as Architecture Research Lead
The legendary AI researcher who co-authored the foundational Attention Is All You Need paper left Google DeepMind to lead architecture research at OpenAI.
Alphabet Sheds $270 Billion in Market Value After Four Senior AI Researchers Depart
Google’s parent company suffered its largest weekly talent loss in AI history as four AlphaFold contributors joined Anthropic within six days.
India Startup Funding Reaches $9.69 Billion Across 872 Equity Rounds in H1 2026
Investment activity in the Indian startup ecosystem has remained robust with nearly $10 billion raised in the first half of the year across all stages.
L’Oréal Acquires Majority Stake in Indian Startup Innovist in Strategic D2C Expansion
The French beauty giant described the acquisition of the Indian direct-to-consumer skincare startup as central to its growth strategy in South Asia.
India-South Korea Shipbuilding Agreement Opens Path to Top-10 Global Ranking by 2030
Samsung Hyundai and Hanwha Ocean signed MoUs under President Lee’s visit committing billions in investment and technology transfer to Indian shipyards.
IBM Announces New 1nm Chip Architecture to Sustain Next-Generation AI Compute Demands
The technology giant unveiled a transistor design breakthrough at the microscale level that the company says will power future AI infrastructure at lower cost.
India Becomes World’s Leading Ship Recycling Nation with 35.4% Global Market Share
India’s Ministry of Ports announced the milestone showing the country has overtaken rivals in sustainable maritime dismantling capacity.
US Fed Chair Warsh to Participate in ECB Symposium Panel on Wednesday
Federal Reserve Chair Kevin Warsh will break his usual silence at a European Central Bank symposium discussion on monetary policy coordination.