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A sin tax is an excise tax levied on goods and services like tobacco, alcohol and gambling, which are deemed harmful to people. The tax aims to reduce or eliminate the use of such products by making them more expensive to buy. The government is expec

Economic Survey 2023-24 warned that Business Process Outsourcing (BPO) sector is at a "particular risk" due to rising demand for AI-related skills as the sector may experience job cuts due to automation. As per the survey, AI may also automate identi

Indian automotive industry needs up to 2 lakh skilled professionals by 2030 to meet the government's 30% EV adoption target. This will require an investment of ₹13,552 crore for hiring and training. Specialized skills in battery technology, power ele

Anupam and Anshu Dhanuka, the husband-wife duo who founded Kiddopia, are set to earn ₹300 crore after selling their stakes to Nazara Technologies. Nazara has said it will acquire the remaining 48.42% stake in Kiddopia's parent Paper Boat Apps in an a

American cybersecurity company CrowdStrike is said to be the cause of massive Windows outage that has affected flights, banks, and telecom companies across the world. CrowdStrike is widely used by many businesses worldwide for managing the security o

Indian crypto exchange WazirX suffered a massive security breach. Web3 security firm Cyvers said WazirX suffered "multiple suspicious transactions involving Safe Multisig wallet on Ethereum network" following which "$234.9 million (around ₹1,965 cror

WazirX Co-founder Nischal Shetty said he has been "unable to sleep or eat" since hackers stole assets worth ₹1,965 crore from the crypto exchange platform. "But that does not matter...We're tirelessly working on next steps," Shetty wrote on X. The pl

CRED CEO Kunal Shah recently took to X (formerly Twitter) to share why startup founders face difficulties raising venture capital. He noted many overlook assessing their product's market size and suggested using an AI tool to analyze market data. Sha

Entrepreneur Bhavish Aggarwal said while the global Windows outage was not deliberate, it represents "an outcome that could also happen due to deliberate action by bad actors". "And since 80% of our data is stored outside India, we won't be able to d

Kunal Bahl and Rohit Bansal, Snapdeal founders, exited Urban Company with 200x return on their 2015 seed investment of ₹57 lakh, now worth ₹111 crore. Their Titan Capital, backing over 200 startups, invested in companies like Ola and RazorPay. Meanwh