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  • Heizen raises $500K from Titan Capital to disrupt legacy IT services with AI-native software delivery model

    Hyderabad, July 30, 2025 — Heizen, an AI-native software delivery startup, has raised $500,000 in pre-seed funding led by Titan Capital, with participation from leading angel investors including Varun Alagh (Mamaearth) and Abhishek Goyal (Tracxn). The funding will be used to scale Heizen’s engineering team in India, expand customer acquisition in the U.S., and continue developing its proprietary multi-agent software delivery platform.

    Founded in April 2024 by Aman Arora, Abhilasha Singh, and Nijansh Verma, Heizen was created to reimagine India’s IT services model for the AI-native era. The founding team brings deep experience in building and scaling enterprise software, with a track record of working on global deployments and leading high-impact engineering teams at companies such as Microsoft and JP Morgan, and academic pedigrees from IIT Madras, ISB, and NIT Bhopal. Drawing on these insights, they saw firsthand how legacy software delivery models had become bloated, slow, and misaligned with the needs of outcome-driven businesses.

    As traditional IT giants face turbulence, including recent layoffs of over 12,000 employees at TCS, Heizen represents a new model of execution. Rather than relying on large offshore teams and extended timelines, Heizen delivers software through small, AI-native teams powered by AI agents, built for speed, precision, and continuous delivery.

    The co-founders of Heizen jointly said, “Heizen is our attempt to rebuild Infosys for the AI age. We believe velocity, not headcount, should be the core metric. We are combining elite engineering talent with AI agents to deliver high-quality software products in weekly sprints. This funding validates our belief that traditional IT services are ripe for disruption, and we are just getting started.”

    Heizen currently works with startups and is scaling its GTM to serve high-growth companies and enterprises. The platform blends LLM-powered AI agents with human engineers to accelerate the design, development, and deployment of custom AI products, internal tools, and MVPs. Projects are executed using a sprint-based billing model, offering clients speed, clarity, and predictability. Heizen delivers high-velocity software solutions for revenue, engineering, and customer success teams, ranging from AI-powered developer productivity tools to RevOps automation and customized customer experience systems.

    A spokesperson from Titan Capital said, “Heizen is building the kind of execution engine AI-native companies truly need. Their approach is fast, focused, and lean. The founding team has a rare combination of enterprise insight and a builder’s mindset, and we are excited to support them in this journey. The IT services industry is on the brink of a transformation, and Heizen is leading the charge with its innovative AI-led delivery model.”

    Since launch, Heizen has onboarded over 50 clients across the U.S. and India and is currently clocking 20 percent month-over-month growth. The company plans to expand deeper into the US Market, deepen its AI agent capabilities, and build a strong supply of AI-native engineering talent in the coming year. Heizen has a 83% first-month retention and is targeting the global $4.6T IT services market. 

    About Heizen

    Heizen is a next-generation software delivery platform that blends AI agents with elite engineering talent to ship custom software faster. Operating on a weekly sprint model, Heizen specializes in building agentic internal tools, MVPs, and AI-first digital products. Backed by Titan Capital, the company is becoming a preferred tech execution partner for fast-moving startups and innovation-led enterprises.

  • Barry Callebaut Inaugurates Third Chocolate Factory in Neemrana, India

    Barry callebaut, the world’s leading manufacturer of high-quality chocolate and cocoa products, today inaugurated its third chocolate manufacturing facility in India. Strategically located in the Ghiloth industrial area of Neemrana, approximately 120 kilometres from Delhi, the 20,000-square-meter greenfield factory is equipped with advanced production lines for chocolate and compound in multiple formats, and integrated warehousing. 

    The new factory marks a major milestone in Barry Callebaut’s long-term growth journey in India. Over the past five years, the company has invested over INR 500 Crores (CHF 50 million) in India, underlining its confidence in the country’s chocolate market and its commitment to strengthening local manufacturing and customer proximity. With the opening of this facility, India is now Barry Callebaut’s largest chocolate-producing market in the Asia Pacific, Middle East, and Africa (AMEA) region. 

    “India is the fastest-growing major economy in the world. As a global leader in chocolate and cocoa, Barry Callebaut is proud to play a role in supporting this growth. With our newest facility in India, we are reinforcing our leadership position and deepening our commitment to being the trusted partner to India’s food industry, and to customers across the wider AMEA region,” said Vamsi Mohan Thati, President of AMEA, Barry Callebaut. 

    “India’s chocolate market is evolving rapidly, driven by a young population, rising incomes, and a growing taste for premium and innovative products,” said Dhruva Jyoti Sanyal, Managing Director, Barry Callebaut India. “This new factory enables us to meet that demand locally, foster innovation, and deepen our partnerships with local food manufacturers and artisans. Just as importantly, its location in Neemrana allows us to get significantly closer to our customers, particularly those based in the north-central part of this vast country, improving speed to market and customer intimacy.” 

    India is among the fastest-growing chocolate markets in the world. It is showing strong growth and is expected to reach mid-high growth. With a per capita chocolate consumption of under 200 grams annually, the country is experiencing a marked shift toward premium, high-quality chocolate products, opening new avenues for growth and innovation. 

    Barry Callebaut has been present in India for over 18 years, with two existing manufacturing facilities in Baramati, and a Callebaut CHOCOLATE ACADEMY™ Center in Mumbai. These facilities have been instrumental in producing high-quality chocolate and compound products for both domestic and international markets. Building on this strong foundation, the new Neemrana factory will serve as Barry Callebaut’s third chocolate factory and a northern hub in India, complementing its existing operations and enhancing its ability to serve its markets more efficiently. 

    The Mumbai academy continues to serve as a hub for innovation and training, supporting chefs, artisans, and food professionals across the country. 

    Most recently, Barry Callebaut also officially opened its Global Business Services Hub in Hyderabad to support its global business operations. Today, Barry Callebaut employs more than 400 people in India, serving customers through a growing footprint of manufacturing, innovation, and support capabilities. 

    About Barry Callebaut Group

    With annual sales of about CHF 10.4 billion in fiscal year 2023/24, the Zurich-based Barry Callebaut Group is the world’s leading manufacturer of chocolate and cocoa products – from sourcing and processing cocoa beans to producing the finest chocolates, including chocolate fillings, decorations and compounds. The Group runs more than 60 production facilities worldwide and employs a diverse and dedicated global workforce of more than 13,000 people. The Barry Callebaut Group serves the entire food industry, from industrial food manufacturers to artisanal and professional users of chocolate, such as chocolatiers, pastry chefs, bakers, hotels, restaurants or caterers. The global brands catering to the specific needs of these Gourmet customers are Callebaut® and Cacao Barry®, Carma® and the decorations specialist Mona Lisa®. The Barry Callebaut Group is committed to make sustainable chocolate the norm to help ensure future supplies of cocoa and improve farmer livelihoods. It supports the Cocoa Horizons Foundation in its goal to shape a sustainable cocoa and chocolate future. 

  • Timex Watches Hits Historic High in Q1 FY26, Fueling Record Results for Timex Group India Ltd

    Timex, the flagship brand, delivers a never-before growth of 77%, backed by premiumisation, exceptional channel performance, and new-age brand storytelling.

    Timex Group India Ltd (TGIL), a leading force in India’s watch industry and part of the global Timex Group, has reported exceptional financial results this quarter, underscoring the brand’s continued upward trajectory. The company recorded a revenue of INR 169 crores, marking a substantial 55% surge in revenue, outpacing the same quarter from the previous year. EBITDA also saw a remarkable 4.5-fold increase, and Profit Before Tax (PBT) grew six times, highlighting improved operating leverage and strong bottom-line performance.

    Building on the momentum of successive high-growth quarters last year, TGIL is charting an aggressive growth path powered by deeper consumer penetration, compelling brand storytelling, and a sharpened focus on premium product lines. With Timex performing at peak along with other brands reporting high double-digit growth, and all key channels and new formats gaining traction, this quarter sets a new benchmark for the company’s performance in India. 

    Expressing his delight Mr. Deepak Chhabra, Managing Director of Timex India said, “What a phenomenal start to the year! Our flagship brand, Timex, has delivered its best-ever performance this quarter, a clear reflection of our sharp focus on premiumisation, product innovation, and expanding consumer access. Growth across all channels and brands has come together to create this strong momentum. With a growing slate of global collaborations and a robust omnichannel strategy, we’re confident in accelerating this trajectory and further reinforcing Timex’s leadership in India’s dynamic watch market.”

    Q1 FY26 Brand Performance:

    • Timex, the flagship brand, delivered a powerful 77% year-on-year growth this quarter, reinforcing its leadership in the segment
    • Guess Watches showed strong resilience with a 33% growth over the same quarter last year
    • Versace recorded a notable growth of 18%, driven by rising demand for aspirational luxury watches
    • Other licensed brands Gc, Philipp Plein, Plein Sports, and Nautica, maintained solid momentum, delivering robust quarter-on-quarter performance with increasing traction across premium segments

    Q1 FY26 Channel Performance:

    • E-commerce posted a stellar 102% year-on-year growth, doubling its business and reaffirming TGIL’s strong digital strategy 
    • Trade channel, the company’s largest channel, posted an impressive 22% growth on top of a high base
    • Other strategic verticals also made a meaningful impact, with the OEM business witnessing noteworthy gains of triple digit during the quarter

    The retail footprint expanded with new stores in high-impact locations, while Quick Commerce gained traction bringing Timex closer to the consumer with speed and convenience. Trade channels also delivered solid growth, reflecting a strong, balanced channel mix. 

    Demand for iconic Timex collections like Q Timex, Marlin, Waterbury, Fria, and Expedition remained strong, reaffirming the brand’s deep connection with India’s style-conscious audience. Global collaborations including Jacquie Aiche, The New Yorker, Netflix’s Wednesday, and the latest Superman x Warner Bros partnership add to Timex’s fashion-forward edge. Driving deeper engagement with Gen Z and Millennial Timex introduced Analog Life – Make Time Yours campaign, redefining what it means to live with intention. At a time when life feels more digital than ever, Timex celebrates the power of simplicity and living in the moment, urging people to take control of their time, amplify what truly matters, and make every second count.

    Further expanding its lifestyle play, TGIL entered the fashion jewellery category this quarter with the launch of GUESS jewellery, bringing the brand’s bold, global aesthetic to India’s fast-growing accessories market. 

    This quarter marks a milestone for Timex Group India not just financially, but in cultural relevance and consumer influence. Over the past three years, the brand has consistently continued to gain market share at a rate exceeding the industry average. As Timex Group India continues to lead across revenue, profitability, and brand equity, it remains committed to building on this momentum, scaling its premium portfolio, innovating across product and platform, and delivering elevated brand experiences that honor its global watchmaking legacy while shaping the future of timekeeping in India.

    About Timex Group India Ltd.

    Timex Group India Ltd (TGIL) designs, manufactures, and markets innovative timepieces and is part of Timex Group, which is a privately held company headquartered in Middlebury, Connecticut, with multiple operating units worldwide. Apart from Timex, one of the leading watch brands in India, TGIL has a vast range of licensed brands like Versace, Guess, Gc, Philipp Plein, Plein Sport, Ferragamo, Nautica, Ted Baker, adidas, and UCB watches. It retails via over 5000 offline trade stores and key online marketplaces. TGIL also operates over 42 exclusive franchise stores under the umbrella of Just Watches and Timex World.

  • Daily Indian Funding Roundup & Key News – 29 July 2025: Zepto Raises Fresh Funds, Peyush Bansal’s ₹222 Cr Buyback, BluSmart Insolvency, & More

    On 29th July, Indian startups and businesses saw notable developments. Zepto raised fresh capital ahead of a larger round, while Passprt Trips secured $500K to expand its travel tech offering. Lenskart acquired Spain-based Meller in a global push, and the government capped Starlink’s user base in India. Here’s a quick look at the top funding deals and key business news from the day.

    Daily Indian Funding Digest – 29 July 2025

    Startup Funding Amount Lead Investor(s) Funding Stage
    Zepto ₹7.5 crore Elcid Investments Ongoing pre-IPO round
    Passprt Trips US $500,000 Aroa Venture Partners Pre-seed
    Sharpsell.ai ₹30 crore Equentis Angel Fund, Cornerstone VC, Mistry Ventures Series A
    Optipro AI Undisclosed Undisclosed investors Early-stage (SaaS)

    Zepto Raises INR 7.5 Crore from Elcid Investments

    • Zepto received an investment of INR 7.5 crore from existing shareholder Elcid Investments, securing roughly 0.039 % equity at a valuation of INR 19,231 crore ( $2.26 billion).
    • The company’s FY25 turnover surged to INR 11,110 crore, up 2.5 × from INR 4,454 crore in FY24, continuing its consistent growth trajectory.
    • Zepto is currently pursuing a broader capital raise of approximately  $500 million that could bring its valuation up to $7 billion, led by existing investors like General Catalyst and Avenir.
    • The firm has completed a change of domicile to India in preparation for an anticipated IPO in FY26.

    Passprt Trips Secures $500K in Pre-Seed Round

    • Startup founded in 2023 by Ujjwal Garg and Manoj Rai, operates from Gurugram as an AI-powered personal travel advisor platform.
    • Passprt Trips’ fresh $500,000 pre‑seed funding round was led by Aroa Venture Partners, which manages an INR 400 crore fund and has backed firms such as Unacademy, CRED and Magicpin.
    • The funds will be deployed in product enhancement, community-building, and launching in 20 destinations across Asia‑Pacific and the Middle East within three months.

    Sharpsell.ai Bags INR 30 Crore in Series A Funding

    • Sharpsell.ai, founded in 2022 by Hanuman Kamma and Arun Subramanian, delivers AI-powered sales enablement tools used by large-scale Indian enterprises in the BFSI, auto, and pharma sectors.
    • Sharpsell.ai secured INR 30 crore in Series A, of which INR 10 crore pertains to Equentis Angel Fund’s largest-ever Category‑I AIF investment in a single company; other backers include Cornerstone Venture Partners and Mistry Ventures.
    • Funding will support deepening vertical penetration and international expansion into Southeast Asia and MENA.

    Optipro AI Raises Undisclosed Amount

    • Bengaluru‑based Optipro AI, founded by Harshendar Reddy, offers SaaS solutions to help restaurants manage delivery operations effectively across platforms such as Swiggy and Zomato.
    • The recent, undisclosed funding will be used to enhance product innovation and expand presence nationally, supporting operations across more than 800 restaurant locations, processing over 5 million orders and 500,000 reviews.

    Key News Highlights for 29 July 2025

    Peyush Bansal Buys Back Lenskart Shares Ahead of IPO

    Lenskart’s CEO, Peyush Bansal, has bought back 4.6 crore shares for ₹222 crore, ahead of the company’s IPO. The shares were repurchased at a steep discount, valuing the company below previous estimates. The buyback strengthens Bansal’s control and hints at a strategy to simplify the cap table before going public.

    Lenskart Acquires Spain-Based Meller for INR 400 Crore

    Lenskart has acquired Spanish eyewear brand Meller from its parent company Stellio for approximately INR 400 crore. This marks Lenskart’s latest move to expand its international presence. The deal aligns with its pre-IPO goals and helps strengthen its position in the European direct-to-consumer eyewear market.

    BluSmart Faces Insolvency Due to Governance Issues

    EV ride-hailing firm BluSmart is undergoing insolvency proceedings after a petition by Gensol, its vehicle leasing partner. Allegations point to serious corporate governance lapses, including missing board meetings and poor financial oversight. The case highlights broader concerns around internal checks in fast-scaling Indian startups.

    CoinDCX Denies Reports of Acquisition by Coinbase

    CoinDCX has denied being in acquisition talks with Coinbase after reports surfaced suggesting a potential deal. The company stated that the claims were speculative and misleading. The news comes at a time when India’s crypto sector is facing market pressure and hints of consolidation.

    India’s government has limited Starlink, Elon Musk’s satellite internet service by SpaceX, to a maximum of 20 lakh (2 million) users in the country.

    The restriction is attributed to Starlink’s current spectrum and capacity constraints, not regulatory supervision. Service speeds are capped at up to 200 Mbps, which officials believe will not significantly affect BSNL or private telecom providers. The government also noted that high upfront equipment costs and a monthly fee of around INR 3,000 are likely to limit mass adoption among Indian consumers.

    Starlink is expected to focus on rural and remote areas, aligning with its satellite-based model and where BSNL currently holds presence.

    Daily Indian Funding Roundup and Key News – 28 July 2025
    ChatGPT said:
    Drizz raises $2.7M, Krutrim lays off 100+ staff, new UPI rules announced, Lenskart board update & more key India news for 28 July 2025.
    StartupTalkyStartupTalky News

  • Jane Street Seeks More Time to Respond to SEBI’s INR 4,843 Cr Market Manipulation Charge

    Jane Street, a high-frequency trading firm based in the United States, has requested further time from the Securities and Exchange Board of India (SEBI), the Indian market regulator. Jane Street Group told the media in a statement on the evening of July 28 that it is working cooperatively with SEBI and has requested an extension to reply to the July 3 interim decision.

    SEBI had given 21 days to respond in its interim order dated July 3. It appears that the extension was requested after this deadline had passed. Jane Street did not reveal the extent of the timeframe extension it has attempted to provide in response to SEBI’s enquiries.

    Jane Street promised in the same statement that the group is dedicated to maintaining market integrity. Jane Street is dedicated to actions that preserve the integrity of India’s capital markets and support their ongoing growth, the statement added.

    INR 4,843 Crore Market Manipulation Allegation Explained

    According to the preliminary inquiry, Jane Street Group illegally gained INR 4,843.5 crore by manipulating trading on Bank Nifty and Nifty Index Options, as SEBI had claimed in its July 3 decision.

    Jane Street Group was instructed by SEBI to seize and place the purportedly unlawful proceeds in an interest-bearing escrow account with a lien in SEBI’s favour.

    SEBI’s Interim Measures and Jane Street’s Compliance

    On July 11, Jane Street complied with Sebi’s instructions regarding the impoundment of alleged unlawful gains. Later, on July 21, SEBI removed the limitations on Jane Street Group’s trading in Indian markets, provided that it refrain from manipulating the market and that exchanges keep a close watch on its transactions.

    SEBI’s Broader Crackdown on Market Manipulation

    The entities have been instructed to stop and desist from directly or indirectly engaging in any fraudulent, manipulative, or unfair trade practices, as well as from engaging in any activity that may violate current regulations, such as dealing in securities using any of the patterns mentioned or identified in the interim order, according to a statement released by Sebi on July 21. The entities have attested to their intention to adhere to this.

    Stock exchanges were instructed to continuously keep a close eye on Jane Street Group’s future transactions and holdings. Therefore, until SEBI’s investigation is finished and any related proceedings are concluded, entities must refrain from engaging in any form of manipulative behaviour, whether directly or indirectly, including dealing in securities using any of the patterns mentioned or identified in the interim order.

    Jane Street Group had previously refuted Sebi’s accusations and said that the Indian capital market watchdog had misinterpreted its trading approach.

  • Passprt Trips raises $500K in pre-seed round led by Aroa Venture Partners

    New Delhi, 29th July 2025: Passprt Trips, a new-age Personal Travel Advisor, has raised $500K in its pre-seed round led by Aroa Venture Partners. Founded in 2023 by Ujjwal Garg and Manoj Rai, Passprt Trips helps users plan and book their trips, right from inspiration and discovery to flexible planning, seamless bookings, and on-trip assistance – all in one place.

    Unlike traditional OTAs & offline travel agents that focus only on bookings, Passprt Trips reimagines the entire travel journey. It brings together all the scattered steps today’s travellers take – from scrolling Instagram for inspiration to using Google Maps, asking ChatGPT, watching YouTube, and comparing prices – into one intelligent, seamless interface that simplifies it all.

    The company is building a vertical LLM stack for travel, powered by authentic, community-contributed data and a deeply integrated supply network. This includes everything from offbeat stays and niche experiences to taxi rentals and curated activities. This allows Passprt Trips to offer a hyper-personalised experience to each traveller and provide accurate, practical support in planning and booking their trips.

    “The holiday booking experience is broken. Most people still book through offline agents. What they get is pre-packaged itineraries with limited choice and no flexibility. The agents sell fear of the unknown at the destination. Incumbent OTAs have failed to solve this the right way. Today’s travellers want hyper-personalised trips that are social media-worthy with flexibility in planning and booking,” said co-founder Ujjwal Garg. “With Passprt Trips, our motto is simple: Your Trip, Your Way.”

    Commenting on the investment, Gaurav Gulati, Founder & Managing Partner at Aroa Venture Partners, said, “The team at Passprt Trips is reimagining travel from the ground up. With a native AI-first architecture, they’re not just building a better booking engine – they’re creating intuitive, hyper-personalised journeys that cater to the new-age traveller’s desire for spontaneity, context, and connection. This is travel tech for the next decade, not the last.  We are excited about partnering with Ujjwal and Manoj on this disruptive journey.”

    Passprt Trips will use the capital to deepen product capabilities, expand its community of travellers, and roll out to 20 destinations across APAC and the Middle East over the next three months. The announcement also marks a key moment for the brand as it builds digital visibility, strengthens hiring, and signals its vision for transforming the $100B+ offline holiday market.

    About Passport Trips

    Passprt Trips is a Personal Travel Advisor designed for new-age travellers who value flexibility, unique experiences, and hassle-free planning. From discovering hidden gems to booking stays, experiences, and local transport, Passprt simplifies the entire travel journey in one intelligent, easy-to-use platform.

    Passprt is building the world’s first vertical AI stack for travel – powered by authentic, community-contributed data and a deeply integrated supply network. While others rely on generic APIs and surface-level integrations, Passprt goes deeper – owning both the intelligence and the supply. This allows us to deliver unmatched accuracy, personalisation, and real-world reliability that no other platform offers.

    About Aroa Venture Partners

    Aroa Venture Partners is a sector-focused early-stage venture capital firm backing bold founders building at the intersection of India’s structural shifts and global innovation. With a deep conviction in long-term value creation, Aroa partners early and supports relentlessly – providing not just capital, but strategic insight, global networks, and patient guidance. The firm invests in companies shaping the future across frontier technologies, health & bio, and energy & sustainability, with a mission to build enduring businesses that matter.

  • Nayara Energy Takes Microsoft to Court Over EU Sanctions Fallout

    Nayara Energy, a refiner supported by Russian oil giant Rosneft, filed a lawsuit against Microsoft in the Delhi High Court after the latter ceased to provide services to the company due to EU sanctions. Microsoft is “currently restricting Nayara Energy’s access to its own data, proprietary tools, and products—despite these being acquired under fully paid-up licenses,” according to a statement released by Nayara Energy on 28 July.

    According to Nayara Energy, this decision creates a risky precedent for corporate overreach and raises significant worries about its effects on India’s energy ecosystem because it is based only on Microsoft’s unilateral interpretation of recent European Union (EU) sanctions.

    In order to protect its rights and guarantee ongoing access to crucial digital infrastructure, the company has petitioned the Delhi High Court for an interim injunction and the resumption of services. The purpose of these actions is to avoid any possible interference with Nayara’s capacity to fulfil its commitments to Indian stakeholders and customers.

    What’s Behind the EU Sanctions?

    In its latest attempt to pressure Russia to put an end to the conflict in Ukraine, the European Union said on July 18 that it was suspending Nayara Energy, in which the Russian oil giant Rosneft owns a 49.13 percent interest.

    Nayara Energy’s exports of petroleum products and fuels to Europe would be prohibited by the sanctions, which might also affect its business relationships with European firms. Rosneft’s intention to leave Nayara may also be hampered since potential investors may be alarmed by the EU sanctions.

    Impact on India’s Energy Sector

    Nayara Energy has a network of about 6,800 fuel retail locations and owns and runs a 20 million-ton oil refinery in Vadinar, Gujarat, annually. It makes up about 7% of India’s fuel retail network and 8% of the nation’s overall refining capacity. Through its own retail network, institutional sales, and alliances with other oil marketing firms, Nayara Energy mainly serves the domestic market.

    Nayara Energy’s Russian Ties: A Quick Background

    Formerly known as Essar Oil, the business was a member of the Essar group. After being purchased from the Essar company by a group of investors that included Rosneft, it was renamed Nayara Energy. Similar to Rosneft, a 49.13% share in the company is held by Kesani Enterprises, a consortium managed by Russia-based United Capital Partners (UCP) and Italy’s Mareterra.

    Despite being owned by a consortium of foreign investors, primarily from Russia, Nayara insists that it is an Indian business subject to Indian law. In a statement released on July 28, Nayara Energy stated that although the EU is the only source of the penalties, Microsoft, a company with its headquarters in the US, has decided to stop providing services to Nayara Energy without being required to do so by US or Indian law.

    Microsoft’s Position and Global Implications

    Under the pretence of compliance, this action was performed unilaterally, without previous warning, consultation, or redress. These actions reveal a concerning pattern of multinational firms introducing foreign legal systems into areas where they are not applicable.

    The refiner went on to say that Nayara Energy complies completely with Indian rules and regulations in all aspects of its business operations and maintains constant contact with Indian authorities to guarantee accountability and transparency. Notwithstanding these outside obstacles, Nayara Energy is steadfast in its resolve to provide continuous service and supply to meet India’s energy needs.

    Microsoft Restores Services to Russia-Linked Nayara Energy, Stirring Global Debate

    According to a Reuters report, Microsoft has restored IT services to Nayara Energy, an Indian oil refinery financed by Russia. Microsoft was sued by Nayara for abruptly suspending services after the European Union imposed further sanctions on Russia.

    Nayara’s attorney informed a court in New Delhi on 31 July that the US corporation had restored the services, according to a Reuters report. Before the planned hearing, Microsoft restored all services, including full access to the email system, Microsoft Teams platform, and other Microsoft services, according to a PTI report that cited sources.

    Recent sanctions from the EU have had a major effect on Nayara’s business operations, forcing the company to scale back operations at its refinery, which can process 400,000 barrels per day. Limited fuel storage facilities and vessel operators looking to end their contracts with the corporation were the main causes of the limitations.

  • Mock Test Platform ‘TestEgy’ Acquired by Zordo

    New Delhi [India], July 29: One of the fastest-growing online mock test platforms in India, TestEgy, has been formally acquired by Zordo Best Website Design Company In India, a well-known brand in Web Design & Digital Marketing. With this calculated acquisition, Zordo enters the ed-tech market with the goal of transforming competitive exam preparation via technology-enabled learning programs. Zordo intends to improve TestEgy by incorporating AI-based performance tracking, multilingual content, and customised test strategies. TestEgy boasts a robust user base of more than 1.5 million students and focusses on major exams like SSC, Banking, Railways, NEET, JEE, and UPSC. In addition to giving candidates a more robust and user-friendly platform to improve their exam preparation, the move fortifies Zordo’s portfolio and puts it in a position to compete with major players in the online education market.

    On July 7, 2025, Zordo officially completed the acquisition of TestEgy, a rapidly growing Indian platform for competitive-exam mock tests. While the public confirmation came around July 25, 2025, media coverage reports indicate the deal was actually finalized earlier in July.

    About TestEgy

    TestEgy is a rapidly expanding online mock test platform in India that uses real-exam simulations to assist students and competitive exam candidates in their preparation. TestEgy, which was founded in 2023 and is headquartered in Kuchaman City, Rajasthan, immediately became well-known for providing excellent practice exams for a variety of exams, such as SSC, Banking, Railways, NEET, JEE, CTET, TET, and UPSC. The platform’s accurate ranking system, personalised performance analysis, and bilingual support (in Hindi and English) make it stand out. With more than 1.5 million users across the country, TestEgy has established itself as a reliable option for students looking to raise their test scores and prepare for exams. It is a major player in India’s quickly expanding ed-tech ecosystem thanks to its user-friendly interface, reasonably priced plans, and dedication to high-quality content.

    • Founded in 2023, headquartered in Kuchaman City, Rajasthan, TestEgy serves over 1.5 million users preparing for exams like SSC, Banking, Railway, NEET, JEE, CTET, TET and UPSC (The Tribune).
    • Key features include real-exam simulations, multilingual support (Hindi & English), performance analytics (local and national ranking), and virtual-tutor support (The Tribune).

    About Zordo Technologies

    Zordo is Known for providing top-notch services in website design, web development, digital marketing, and cloud infrastructure, Zordo Technologies is a rapidly expanding Indian digital solutions company. With its headquarters located in India, Zordo has established a robust global footprint, catering to customers in the US, UK, UAE, Canada, Australia, and Europe. With the goal of creating “Websites for Every Business,” Zordo offers scalable, easily navigable digital solutions to institutions, businesses, and startups. The company has also diversified into AI tools, IT services, and cybersecurity, while operating multiple data centers in India to support its cloud ecosystem. With its most recent strategic move, the purchase of the mock test platform TestEgy, Zordo has entered the ed-tech market, demonstrating its dedication to innovation, accessibility, and cross-sector digital empowerment.

    Strategic Significance

    • Market Expansion: Zordo gains a ready user base and a proven testing engine. The acquisition reportedly cost around US $1 million.
    • Competitive Edge: The deal positions Zordo to better compete with major Indian ed-tech players like BYJU’S, Unacademy, Testbook, and Adda247.
    • Future Roadmap: Enhancements planned for the merged platform include UI upgrades, AI-based analytics, vernacular expansion, live mentorship, exam strategy webinars, and real-time ranking comparisons.

    This move allows Zordo to rapidly enter, and potentially disrupt, the competitive-exam preparation space by integrating TestEgy’s test delivery expertise with its own AI and platform infrastructure. For users, it signals a more robust, inclusive, and technology-enhanced mock-test experience ahead.

  • VinFast Launches in India with Gujarat EV Showroom; VF 6, VF 7 Models Unveiled

    In an effort to capitalise on the expanding Indian market for electric vehicles, Vietnamese manufacturer VinFast launched its first showroom in India on 27 July in Surat, Gujarat. The company’s electric SUV models VF 6 and VF 7, which will be introduced as right-hand drive versions for the first time, will be on display in the showroom.

    The vehicles will be domestically produced at VinFast’s planned facility in Thoothukudi, Tamil Nadu, the company announced in an official release, reaffirming its long-term commitment to India as a strategic market and future centre for the manufacturing of electric vehicles. By the end of the year, VinFast intends to open 35 dealerships in more than 27 locations nationwide.

    VF 6 and VF 7 Reservations Now Open

    The store, which is situated in the Piplod neighbourhood of Surat, will display the brand’s next high-end electric SUVs, the VF 6 and VF 7, for which reservations went on sale on July 15. “With a fully refundable deposit of INR 21,000, customers can reserve their vehicle at showrooms or online through VinFastAuto.in,” the announcement stated.

    The first VinFast showroom in Surat, according to VinFast Asia CEO Pham Sanh Chau, is a testament to the company’s strong ties to India. The company is thrilled to introduce Indian customers to the VinFast experience.

    The goal of this Gujarati dealership is to provide not only electric cars but also a whole ownership experience based on excellence in service and quality trust. In order to offer charging and after-sales services throughout India, the Vietnamese EV manufacturer has partnered with RoadGrid, myTVS, and Global Assure.

    To further demonstrate its dedication to sustainable innovation, the business has partnered with BatX Energies to develop a circular battery value chain and encourage battery recycling.

    Tesla Targets Indian EV Market with Model Y

    With a starting price of INR 59.89 lakh and its first showroom in Mumbai, Elon Musk’s Tesla introduced the Model Y to the Indian market earlier this month. The Model Y will be imported by Tesla as a fully constructed unit (CBU) from its Chinese manufacturing plant in Shanghai.

    At a time when its sales in China and Europe are declining, Tesla is making its debut in the Indian market with the vehicle Y as its flagship vehicle. The business reportedly transported its first shipment of Model Y rear-wheel drive SUVs to India from its China plant.

    Additionally, before deliveries start, the business plans to deploy superchargers in India. It would initially concentrate on Mumbai and Delhi.

    Battery packs are available for the Tesla Model Y rear-wheel-drive variant in India: a 60 kWh and a larger 75 kWh model. One electric motor producing 295 horsepower powers this RWD model. With a full charge, the 60 kWh battery is supposed to have a WLTP range of 500 km, whilst the long-range model promises a range of 622 km.

  • India Caps Starlink to 20 Lakh Users: Govt Limits Elon Musk’s Satellite Internet Ambitions

    Union Minister Pemmasani Chandra Sekhar downplayed the danger to state-run BSNL and other telecom companies on July 28 by stating that billionaire Elon Musk’s satellite communication services business, Starlink, might only have 20 lakh connections in India. The Minister of State for Telecom was addressing a review meeting of BSNL.

    Satellite Internet Expected to Serve Rural and Remote Regions

     According to the minister, Starlink can only serve 20 lakh users in India while providing speeds of up to 200 Mbps. Telecom services will not be impacted. Rural and isolated locations, where BSNL is known to have a substantial presence, are anticipated to be the focus of satcom services.

    As per a government official, Starlink’s current capacity is the reason for the connection limit. According to the minister, satcom services will be too expensive up front and could cost up to INR 3,000 per month.

    BSNL 4G Rollout Completed, Revenue Grows 30%

    The minister added that the BSNL 4G rollout is finished and that there are currently no plans to raise pricing. “First, we want the market. “No tariff increases are planned,” he stated. According to the minister, BSNL’s revenue increased by 20–30% in the first quarter of the current fiscal year as a result of the rollout of 4G services and the stabilisation of technology.

    More than 90% of the technical problems that existed before have been resolved, according to Pemmasani. Around power plants, there were problems. The replacement of 30,000 power plants cost between INR 600 and 700 crore. He went on to say that upgrades to power supplies had improved customer satisfaction and increased BSNL network uptime.

    He stated that “each circle is being given individual targets in terms of increasing subscriber base,” and that BSNL is currently resolving numerous legacy issues.

    India Pushes for Indigenous Tech, Phases Out Chinese Equipment

    In response to a question regarding the state of Chinese equipment at BSNL, the minister stated that the government intends to keep utilising domestic technologies within the state-owned company and will progressively phase out 2G and 3G equipment, eliminating the need for maintenance. ZTE is one of the Chinese vendors that BSNL has used to install 2G and 3G technology.

    The Starlink network is the first and biggest satellite internet provider in the world, according to the official website. The technique provides users with broadband (Wi-Fi) internet by using Earth’s lower orbit. By using their home setup or portable Starlink equipment to connect to the satellite network, people can use this broadband network to facilitate streaming, online gaming, and video calling.

    Starlink’s global operations are owned and managed by SpaceX, a space technology business founded by billionaire Elon Musk. According to a previous Mint report, Starlink wants to use its satellite technology to boost the domestic telecom sector and solve connection problems in India’s rural and isolated areas.

    The Indian National Space Promotion & Authorisation Centre, or IN-SPACe, granted the US-based business permission to use its Gen 1 constellation capability above India. The permission is valid for a period of five years, ending on July 7, 2030.