Is India ready for the AI revolution? The rapid advancements in artificial intelligence, from generative AI tools to sophisticated machine learning algorithms, are transforming industries across the nation. From fintech's burgeoning use of AI-powered fraud detection to the agricultural sector's embrace of precision farming technologies, the impact is undeniable. This week saw a major breakthrough in indigenous 5G technology development, signaling India's growing prowess in the global tech landscape. But alongside this progress comes the crucial discussion surrounding data privacy, cybersecurity, and the ethical implications of AI deployment. How will India navigate these challenges and harness the transformative power of technology for inclusive growth? Explore the latest developments in Indian tech, from the rise of digital payments to the burgeoning startup ecosystem, and discover how innovation is shaping the nation's future. Stay informed with Abtak.com – your gateway to understanding the tech revolution reshaping India.
Bengaluru: Rapido, the company best known for its bike taxi and ride-hailing services, has now entered the food delivery business with a brand-new app called Ownly. The service has been launched in three Bengaluru neighbourhoods -- Koramangala, HSR Layout, and BTM Layout. The new app is being seen as a challenger to Swiggy and Zomato as it promises to deliver food at a price that's up to 15% cheaper than its competition.
New Delhi [India], August 14: inDrive, the world's fastest-growing urban mobility platform and India's only ride-bargain app, announces the launch of its Comfort Class rides in Kolkata and Chandigarh. The launch comes just ahead of India's Independence Day, symbolizing the platform's commitment to freedom of choice, fairness, and empowerment for both riders and drivers. Also Read | UPI New Rule: NPCI To Stop UPI Collect Request for Person to Person Transactions Starting October 1; Here's Why. Challenging the Status Quo - Celebrating Freedom in Mobility Much like India's fight for independen ...Read More >
New Delhi, Dec 3 (UNI) In its first results post listing, on-demand convenience platform, Swiggy on Tuesday announced a 30 percent growth in Gross Order Value at Rs 11,306 crore for the quarter and half year ended September 30, 2024. Swiggy's overall Gross Order Value (GOV) grew 30 percent YoY to reach Rs 11306 crore, while the consolidated adjusted EBITDA loss of Rs 341 crore represented a reduction in the loss by 30 percent YoY. Platform Average Monthly Transacting Users (MTU) grew 19.2 percent YoY to 17.1M, the company said in a release. Sriharsha Majety, MD & Group CEO, Swiggy, said "The ...Read More >
New Delhi, Dec 31 (IANS) The year 2024 has been historic for Indian startups as the government abolished the angel tax (a tax levied on investing in startups), which improved Indian startups' funding and enabled them to raise more than $12 billion. Along with this, food delivery company Zomato managed to make its place in the Sensex, the index of top companies in the country. Indian startup companies crossed the magical figure of getting $150 billion in funding in 2024. Between 2014 and 2024, new-age tech companies raised more than $151 billion in funding. Startups raised the highest funding ...Read More >
Mumbai: In the biggest crackdown in recent months, 123 passenger vehicles, including 78 bike taxis (mostly Rapidos), were seized in MMR on Wednesday for transporting passengers without authorisation. Sarnaik says he will approach the law and judiciary department to include bikes and buses in the aggregator policy.The RTOs from Mumbai, Thane, Vashi, and Panvel with 20 special squads cracked down on the illegal vehicles that were unauthorisedly transporting passengers without valid state permits.Al ...Read More >
New Delhi, Aug 28 (PTI) India's gains from importing discounted Russian oil are estimated to be just USD 2.5 billion per annum, significantly lower than the previously speculated range of USD 10-25 billion, a research report said on Thursday. Stopping Russian oil imports would force India, the world's third-largest oil importer and consumer, to rely on limited alternatives, potentially driving global crude prices up to USD 100 per barrel amid rising demand and tight supply. "Benefit from Russian oil imports is way less than exaggerated media numbers," brokerage CLSA said in a report. While ...Read More >
NewsVoir Pune (Maharashtra) [India], July 7: For today's go-getters and ambitious entrepreneurs and businesses, accessing quick business finance just got a lot more rewarding. Bajaj Finance Limited has launched 'Loan Utsav', a limited-time festive campaign designed to empower business owners with loans up to Rs. 80 lakh -- and exciting rewards like cashback up to Rs. 3,000 and brand vouchers to go with it. The Loan Utsav offer is valid from June 20, 2025, to July 31, 2025, and is available exclusively through the Bajaj Finserv App. The rewards are limited to the first 200 successful business ...Read More >
Mumbai: Drivers using ride-hailing apps like Ola, Uber, and Rapido have initiated strikes in Mumbai, Pune, and Nagpur to demand improvements in pay and working conditions. The labour action, which began mid-week, has led to approximately 70 per cent of cabs being off the road, creating significant disruption for daily commuters, especially at airports and railway stations where many passengers are stranded. Commuters are experiencing heightened wait times and increased pricing due to fewer cabs available, with significant disruptions reported during rush hours, especially for school runs and ...Read More >
Grocery delivery firm Zepto Ltd. is gearing up for a significant move. The company plans to file for an initial public offering of approximately $500 million in Mumbai as early as next week. This move comes as competition intensifies in India's fast-growing quick-commerce market. Zepto is working with several major financial institutions to submit its draft prospectus. Grocery delivery firm Zepto Ltd. is preparing to file for an initial public offering of about $500 million in Mumbai as early as ...Read More >
Bengaluru, Dec 12 (PTI) Ride-hailing app Uber on Thursday launched 'Uber Moto Women,' a first-of-its-kind service in Bengaluru offering women-only bike rides, the company said. In a statement, Uber said that this on-demand two-wheeler service connects female riders with female drivers and is designed to address women's safety and mobility needs while "empowering female drivers with flexible earning opportunities". "Developed based on feedback from women riders and drivers, Uber Moto Women offers a safe, affordable, and convenient commute option for women who prefer to ride with female driver ...Read More >
New Delhi, Jul 18 (PTI) The new Shein India app, selling fast fashion, has crossed 2 million app downloads within six months of re-launch and now has over 20,000 live options, according to the latest earnings report from Reliance Industries. Moreover, Reliance Retail also witnessed a "strong pick up" in its daily orders from its Quick-commerce platform, "with 68 per cent Q-o-Q growth and 175 per cent Y-o-Y growth". Its operations were scaled to 4,290 pin codes serviced by 2,200-plus stores in 1,000-plus cities," said Reliance Industries. Reliance Retail, the country's largest retailer, had ...Read More >
Hyderabad: Several breaches were discovered in food safety raids conducted by the Greater Hyderabad Municipal Corporation (GHMC) at storage and distribution centres of Zepto, Amazon Fresh, Insta Mart, Blinkit, Big Basket' Swiggy, Zomato and others on Thursday, July 31. Violations included improper pest management, housefly infestation and handlers not wearing gloves or haircaps. Officials also observed that food and non-food items were kept together or arranged randomly, and that food handlers lacked medical fitness certificates. Food safety officers carried out inspections in each circle on ...Read More >
New Delhi: Rapido has just launched its new food delivery app called 'Ownly' in India. The app aims to offer tasty and affordable meals to its users. Right now, Ownly is available in certain parts of Bengaluru and can be downloaded exclusively from the Google Play Store. Ownly is now available in Bengaluru's Koramangala, HSR Layout, and BTM Layout, focusing on affordable meals with most dishes priced around Rs 150. Basic essentials like chapati, rice, and eggs cost less than Rs 100. The app features popular food brands like Faasos, Krispy Kreme, Wow!, and EatFit, making it easy to find tasty ...Read More >
New Delhi [India], August 14: inDrive, the world fastest-growing urban mobility platform and India only ride-bargain app, announces the launch of its Comfort Class rides in Kolkata and Chandigarh. The launch comes just ahead of India Independence Day, symbolizing the platform commitment to freedom of choice, fairness, and empowerment for both riders and drivers. Challenging the Status Quo - Celebrating Freedom in Mobility Much like India fight for independence was rooted in the ideals of liberty and self-determination, inDrive is redefining ride-hailing by giving people the right to decide w ...Read More >
Anshoo Sharma, CEO & cofounder of Magicpin, India's third-largest food delivery platform, told PTI the platform is gearing up for even higher volumes as Diwali approaches. According to Bhakoo, choco lava cakes topped dessert orders across metros, while Kolkata's long-standing love for biryani remained intact. As India revels in the spirit of the festive season, food delivery platforms Swiggy and Magicpin have reported a massive surge in orders, highlighting how culinary cravings are now central ...Read More >
The government-backed cooperative taxi service, which will charge the drivers only a small membership fee and no commission, is set to give private ride-hailing companies like Ola and Uber a run for their money. India has launched Bharat Taxi, the country's first government-backed cooperative taxi service, which could rival private ride-hailing companies like Ola and Uber and shake up the domestic market by offering drivers a commission-free model. What is Bharat Taxi? Bharat Taxi is India's f ...Read More >
Bengaluru: Electric vehicles are powering the green transformation of India's ecommerce industry. Amid an overall surge in order volumes, companies like Flipkart, Amazon, BigBasket, Swiggy, and Eternal (formerly Zomato) are speeding up the transition to ecofriendly vehicles for last-mile delivery, especially quick commerce. This is helping cut costs while lowering emissions and reducing the climate footprint. Walmart-backed Flipkart is looking to make its entire logistics fleet electric. After achieving the operational fleet milestone of 10,000 EVs last September, the company expanded its EV ...Read More >
Srinagar, Jul 3 (PTI) The annual Amarnath Yatra began on Thursday with the first batches of pilgrims setting off from the twin base camps in Baltal and Nunwan towards the 3880-metre-high cave shrine in the south Kashmir Himalayas, which houses a naturally formed ice-lingam, officials said. The yatra started early morning from the twin tracks -- the traditional 48-km Nunwan-Pahalgam route and the 14-km Baltal route. The batches of pilgrims, including men, women and sadhus, left from the Nunwan base camp in Pahalgam, in south Kashmir's Anantnag, and Baltal base camp in Sonamarg area of central ...Read More >
HYDERABAD: With the kharif season underway and farmers facing an acute shortage of urea, agriculture minister Tummala Nageswara Rao has written to the Centre, urging immediate intervention to ensure timely and sufficient supply of the critical fertiliser. In letters addressed to Union minister for chemicals and fertilisers JP Nadda, Tummala highlighted the alarming gap between the state's demand and actual supply. The minister said the Centre had allocated five lakh metric tonnes of urea to Telangana for the months of April, May, and June. However, only 3.06 lakh metric tonnes have been suppli ...Read More >
Pune was thrown into chaos as cab and auto drivers using app-based services went on strike. Passengers encountered not only increased fares but also instances of violence, making their travel experience perilous. Arguments with passengers and overcharging marred the indefinite strike called by aggregator app-based cab and auto drivers from Friday in the city. Among the worst affected were flyers arriving at the airport and struggling to find further travel options. A woman on her way to a doctor ...Read More >
Mumbai: The Amboli police registered an FIR against Rapido and its director on Friday for allegedly operating their transport service illegally through an app. The case was initiated following a complaint from the Regional Transport Commissioner's Office.In the complaint, a Vehicle Supervision Officer with Regional Transport Commissioner's Office, Harshal Sase said: "Illegal transport services were being operated in the city via the Rapido app. Operators of the app did not obtain permission from ...Read More >
New Delhi, August 14: WhatsApp is reportedly rolling out a new Writing help assistant feature for Android users, which is said to be powered by AI private processing. As per reports, the tool is currently available to a limited group of users. The feature is said to focus on providing assistance in a private and secure manner so that the user data remains protected. WhatsApp aims to make communication smoother while maintaining privacy and offering users a smarter way to draft and refine their messages. As per a report of WABetaInfo, WhatsApp is introducing a Writing Help assistant feature th ...Read More >
New Delhi: Shares of food tech unicorn Zomato plummeted 12 per cent in the morning trade on Tuesday after the food delivery aggregator reported a 57.2 per cent drop in consolidated net profit for the December quarter to Rs 59 crore. The scrip of the company fell 11.81 per cent to Rs 212.50 apiece on the BSE. On the NSE, shares of Gurugram-headquartered Zomato depreciated by 9.99 per cent to hit its lower circuit level of Rs 215.80 per piece. On Monday, shares of Zomato settled more than 3 per cent lower on the bourses. In two days, the company's market capitalisation (mcap) got eroded by R ...Read More >
Mumbai: Maharashtra transport minister Pratap Sarnaik, under an alias, booked a Rapido bike on Wednesday to test whether the service was still being offered despite it being illegal due to the lack of proper regulations for bike taxis. The biker, unaware of the identity of his customer, rode right into the midst of transport department officials who caught him red handed. However, Sarnaik directed officials not to register a case against the bike driver as he was merely an employee, and instead take action against the company. On April 1, the state cabinet had issued a draft electric-bike tax ...Read More >
Mumbai: Transport commissioner's office on Thursday issued a statement pointing out that "services like Rapido, Uber, and Ola are engaging in illegal passenger transport in metropolitan areas without obtaining necessary licenses as mandated under Section 93 of the Motor Vehicles Act, 1988, and the Motor Vehicle Aggregator Guidelines, 2020", and that action has been initiated. Source in the aggregator firm, however, said that bike taxi option was not visible on Uber, Ola and also Rapido apps in Mumbai. tnn ...Read More >
PRNewswire Bengaluru (Karnataka) [India], September 26: Swiggy (Swiggy Ltd) (NSE: SWIGGY) (BSE: 544285), India's leading on-demand convenience platform, today announced the rollout of a host of new features for its Food on Train service. On the sidelines of the festive season, Swiggy has launched smarter, more personalized menu choices, bringing an exciting new culinary experience to millions of train travelers across India. They can choose from a range of 'City Best' dishes, a curated list of iconic eateries across stations. In addition to this, Swiggy has also launched Easy Eats that ensure ...Read More >
Eternal, the parent company of food delivery platform Zomato and quick commerce service Blinkit, said on Sunday that it has received a goods and services tax (GST) demand order from the Uttar Pradesh tax authorities amounting to over ₹128 crore, including interest and penalty. The order was issued by the Deputy Commissioner, State Tax, Lucknow, Uttar Pradesh, in connection with alleged short payment of output tax and excess availment of input tax credit for the period between April 2023 and Ma ...Read More >
Rider Siddhesh Pardeshi (19), a class VII drop out, was arrested on Sunday Thane: A Rapido bike taxi rider was arrested in Kalyan in Thane district for allegedly molesting a 26-year-old woman passenger and stealing Rs 1000 from her, a police official said on Monday. Rider Siddhesh Pardeshi (19), a class VII drop out, was arrested on Sunday for the incident which took place on Saturday, Mahatma Phule police station senior inspector Baliramsingh Pardeshi said. "The accused picked up the victim ...Read More >
By diluting a part of its stake, or by selling shares worth $500 million, Prosus made gains of over $2 billion just from betting on Swiggy. Food tech and grocery delivery company Swiggy reported a revenue of $750 million (around Rs 6,300 crore) in the first half of financial year 2025 (H1FY25), up 40 percent from $536 million (about Rs 4,500 crore) recorded during the same period last year, Prosus, one of the company's largest shareholders, said in its half yearly disclosures. During the same time, its adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) improved ...Read More >
New Delhi: Zomato CEO Deepinder Goyal has emerged as India's second-largest self-made entrepreneur, with his company's valuation soaring by 190% to reach Rs 2,51,900 crore, as per Hurun India. He is closely trailed by Swiggy founders Sriharsha Majety and Nandan Reddy, who also rank high among India's top entrepreneurs. According to Hurun India, Swiggy, which went public earlier this year, has seen a 52% increase in its valuation, now exceeding Rs 1 lakh crore. Meanwhile, Radhakishan Damani, the founder of Avenue Supermarts, continues to lead the IDFC FIRST Private & Hurun India's Top 200 Self ...Read More >
Bengaluru: Almost two weeks after public anguish over the exorbitant rise in auto fares following the ban on bike-taxi operations in the state, transport minister Ramalinga Reddy Saturday instructed the transport commissioner to take action against ride-hailing mobile apps and regular autos if they are found charging illegal fares. Instructions have been given to transport department officials to cancel auto permits and book cases for illegal fare charges. Interestingly, the direction came from the minister hours after #stepdowntransportminister was trending on social media platform X over the ...Read More >