Byju’s downsizes office space in Bengaluru; vacates 400,000 sq ft property

The edtech is dealing with the twin crises of a cash crunch and some of its investors seeking to oust the leadership to reconstitute the board. (Image source: Moneycontrol)(Image source: Moneycontrol)(Image source: Moneycontrol)

Byju’s was paying a rental of about Rs 4 crore per month for the office space and had signed the rental agreement about 3.5 years ago with the Prestige Group.

Who wins from Paytm’s loss?

This is the first time the company has launched a campaign of this scale after the Reserve Bank of India (RBI) crackdown, in January.

Paytm app downloads fell to 8.67 lakh in the first ten days of February (February 1-10) compared to 10.14 lakh downloads in the ten days prior (January 22-31) to the RBI ban on its banking and wallet activities.

India aims to attract key component players from China, South Korea, Taiwan and US

In a letter to the ministry on February 6, Xiaomi said that the Indian government needs to work on "confidence-building" measures to encourage component suppliers to set up operations locally. (Image source: Moneycontrol)

The government’s goal is to bring a substantial portion of components for mobile handsets to India with the help of the new PLI scheme, which will likely have an outlay of around Rs 20,000 crore

Meta doubles down on WhatsApp Business in India

Message to self: Your future self will thank you for using it. This feature allows you to send messages to yourself to keep track of notes and messages. Messages to yourself work and look like regular chats, but you can't make audio calls, or video calls, mute notifications, block or report yourself, or see your last seen online. (Representative Image: Dima Solomin via Unsplash)

Around 60 percent of Meta’s users interact with businesses on the messaging app every week.

FICCI holds first Indian delegation in Saudi Arabia

The four-day FICCI CEOs delegation to Saudi Arabia (Feb 18-21) will chart out ways to strengthen economic bilateral relations between the two nations. (Image source: CNBC TV18)

The delegation will interact with the Saudi-India Business Forum along with discussion with NEOM community on sectors including land mobility, health and well-being, tourism, education, research and innovation along with NEOM Investment Fund.

59 percent choose ICE and EV engines under Rs 10–25 lakh for conscious hybrid tech: Report

From a brand loyalty perspective, the top three reasons to switch vehicle brands away from a manufacturer brand family include a desire to gain access to new technology/features, trying something different and upgrading to a premium brand. (Image source: Moneycontrol)

Affordability is a critical factor influencing purchasing decisions, with 80 percent of the consumers choosing a vehicle within Rs I5–25 lakh price range