Category: BUSINESS

Bengaluru, November 1, 2025 – The inspiring journey of DreamLaunch CEO has gone viral after his story of turning an IIT rejection into a remarkable success captured the attention of students and young professionals across India. Once discouraged after failing to secure admission into the prestigious IIT, he shifted his focus toward skill-building, entrepreneurship, and practical learning—eventually founding DreamLaunch, a platform aimed at helping students develop industry-ready skills. His determination and resilience led him to build a successful career, earning $60,000 a year, proving that traditional academic routes are not the only path to success.

The CEO’s story has resonated strongly with youth preparing for competitive exams, many of whom face similar pressure. His message encourages students to embrace alternative opportunities, trust their abilities, and focus on continuous growth rather than setbacks. As DreamLaunch continues to expand its reach, his journey stands as a motivating reminder that success is defined by skill, passion, and perseverance—not just a college brand name.

New York, November 1, 2025 – American investment giant BlackRock is reported to have been hit by a massive multi-million-dollar fraud allegedly led by Indian-origin entrepreneur Bankim Brahmbhatt, CEO of US-based firms Broadband Telecom and Bridgevoice. According to lender allegations, Brahmbhatt’s companies are accused of fabricating accounts receivable that were used as collateral to secure loans. As the case unfolds, lenders claim the companies now owe more than $500 million. Brahmbhatt’s lawyer has stated that the CEO disputes the accusations of fraud and intends to contest the claims.

The fraud reportedly began taking shape in 2020 when HPS, BlackRock’s private credit investment arm, started lending to a financing unit connected to Brahmbhatt’s telecom businesses. The investments grew rapidly, rising to approximately $385 million in early 2021 and later touching around $430 million by August 2024. The revelations have triggered serious concerns among global investors and raised questions about due-diligence processes in private credit lending.

Tokyo, November 1, 2025 – After years of slipping market presence, Japanese automaker Honda has announced a major revival strategy that places India at the core of its global expansion plans. Speaking after the Japan Mobility Show, Honda Motor Co. President and CEO Toshihiro Mibe revealed that the company will launch ten new models by 2030, including seven SUVs, as part of a renewed product roadmap. Honda is also setting up a dedicated project team for India and strengthening its electric and hybrid vehicle strategy to recapture lost ground in the highly competitive Indian auto market.

Mibe stated that India will now be positioned alongside North America and Japan as one of Honda’s three key growth pillars, marking a significant shift in the company’s focus. He acknowledged that global market dynamics have changed drastically with the rise of Chinese automakers, prompting Honda to evolve its strategy. By prioritizing India’s fast-growing automotive sector, Honda aims to rebuild its market share and accelerate its presence across both conventional and new-energy vehicle segments.

New Delhi, November 1, 2025 – American automaker Ford is set to make a comeback in the Indian market after having exited in 2021, marking a major re-entry into one of the world’s fastest-growing automobile hubs. Industry sources indicate that the company is planning a renewed strategy focused on manufacturing and expanding its product portfolio, including new-generation SUVs and electric vehicles tailored for Indian consumers.

The move comes at a time when India’s auto market is seeing a strong demand surge for compact SUVs and EVs, which Ford aims to tap into with updated technology and localized production. The company is expected to revive its operations with new investments, partnerships, and an improved dealer network, raising hopes among former employees and suppliers who were affected during Ford’s previous exit.

New Delhi, October 31, 2025: Starlink, the satellite-based internet service by Elon Musk’s SpaceX, has officially begun hiring in India as it prepares for its commercial launch in the country. The company has initiated recruitment for key finance and accounting positions, with roles such as Payments Manager, Accounting Manager, Senior Treasury Analyst, and Tax Manager being advertised. These positions are aimed at building a strong local team to support Starlink’s operations and compliance requirements in the Indian market.

This hiring drive marks an important step in Starlink’s efforts to enter India’s high-potential internet sector, especially in remote and underserved regions. The company is simultaneously working on necessary infrastructure, regulatory approvals, and groundwork required for service rollout. With India expected to become a major market for satellite-based internet in the coming years, Starlink’s entry is likely to boost competition and improve connectivity options for consumers across the country.

Mumbai, October 31, 2025 — India-listed fintech firm Billionbrains Garage Ventures Ltd, the parent company of investment platform Groww, has fixed the price band for its upcoming initial public offering (IPO) at ₹95 to ₹100 per share. The public subscription will open on November 4, 2025, and close on November 7, with the company aiming to raise ₹6,632 crore at the upper end of the band. At this valuation, Groww’s market capitalization is expected to reach around ₹62,000 crore, marking one of the most anticipated listings in the Indian fintech space.

The issue will comprise a fresh equity issue of about ₹1,060 crore, while existing shareholders are set to sell nearly 55.72 crore shares through an offer-for-sale (OFS), totaling approximately ₹5,572 crore. Retail investors can bid for a minimum lot of 150 shares, translating to an investment of ₹14,250 at the lower price band or ₹15,000 at the higher end. The company plans to use the proceeds to strengthen its cloud infrastructure, enhance investments in its NBFC and margin-trading subsidiaries, expand brand-building and marketing initiatives, and pursue strategic acquisitions to fuel global growth.

New York, October 31: Gold prices edged lower on Friday as the US dollar strengthened amid uncertainty over the Federal Reserve’s interest rate outlook. Spot gold slipped 0.4% to $4,005.54 per ounce as of 0459 GMT, as investors turned cautious ahead of potential signals on whether the Fed will proceed with further rate cuts. A firmer dollar typically makes bullion more expensive for holders of other currencies, pressuring short-term demand.

Despite the decline, gold remains on track to register its third consecutive monthly gain, supported by safe-haven inflows and persistent economic concerns. Bullion has risen 3.9% so far this month, reflecting sustained investor interest. Meanwhile, US gold futures for December delivery traded steady at $4,018.10 per ounce, indicating that broader market sentiment toward gold remains resilient despite near-term fluctuations.

Mumbai, October 24, 2025 — The Indian stock markets opened flat on Friday as investors remained cautious ahead of developments on the proposed US-India trade deal. The benchmark indices, Nifty 50 and BSE Sensex, showed marginal movements in early trading, reflecting a wait-and-watch approach among traders. Analysts noted that market participants are keenly monitoring negotiations between the two countries, which could have significant implications for sectors such as IT, pharmaceuticals, and manufacturing.

Market sentiment remained subdued amid global cues, with investors evaluating mixed economic data from the United States and domestic corporate earnings. Trading volumes were moderate, and analysts expect that any clarity on the trade deal could trigger sharp movements in key stocks. Experts advised investors to remain cautious and follow updates closely as the markets await further signals on the bilateral trade agreement.

Mumbai, October 23, 2025: State Bank of India (SBI), the country’s largest public sector bank, has been recognised internationally with the titles of “World’s Best Consumer Bank 2025” and “Best Bank in India 2025” at the annual Global Finance Awards. The awards, announced by Global Finance Magazine, highlight SBI’s excellence in customer service, innovative digital banking solutions, and its extensive reach across urban and rural India. These accolades further cement SBI’s position as a leader in the banking sector, both domestically and internationally.

The bank’s leadership expressed pride in the recognition, noting that the awards reflect their ongoing commitment to enhancing customer experience and financial inclusion. SBI has been focusing on expanding its digital platforms, improving customer accessibility, and introducing innovative products tailored to the needs of diverse clients. The awards come at a time when the bank is also accelerating initiatives in fintech collaborations, sustainable banking, and empowering small businesses, further strengthening its global and national standing.