Mukesh Ambani seems to be having one of the best years of his career, proving that the COVID-19 pandemic is not a hindrance to his goals. Mukesh Ambani’s latest product is a video conferencing app which aims to take on the hottest video conferencing app, Zoom. The telecommunications vertical of Reliance Industries, Reliance Jio, formally launched Reliance JioMeet, on Thursday evening, which has an uncanny resemblance to Zoom.
Zoom has emerged as one of the companies which has thrived due to the COVID-19 pandemic, as businesses are forced to shut down their offices and shift their operations to remote work. This meant the demand for a good video conferencing software shot up and Zoom stepped up to the task before Google, Microsoft and Facebook could catch up. Zoom has also removed time limits for the conference calls and made the entire suite free of cost for schools and businesses in the affected regions across the globe, thereby further increasing its popularity.
However, JioMeet has a similar if not better offering than Zoom. JioMeet offers unlimited number of free calls in high definition (720p) to users and supports as many as 100 participants on a call. Interestingly, JioMeet appears to not impose a short time limit on a call’s duration. Jio Platforms says a free call can be uninterrupted for “up to 24 hours” long. The service currently has no paid plans and considering Jio’s reputation for giving services for free for years like Jio data plans, it would come as no surprise if JioMeet is also made free for the time being.
JioMeet comes at the perfect time as the Indian government suggested that Indians need to aggressively work on homegrown technologies and develop them so that they are on par with technologies developed by global giants. The government has called for leading Indian software and IT companies to come up with an alternative for Zoom and it looks like Jio has stepped up to the task.
The National Company Law Tribunal (NCLT) Bengaluru bench has dismissed an insolvency plea filed against quick commerce startup Dunzo by its invoice discounters, declaring the petition “not maintainable” after several postponements. This decision offers temporary relief to Dunzo, which has been facing multiple insolvency petitions from various creditors, including Velvin Packaging Solutions and Betterplace Safety Solutions, over unpaid dues.
The invoice discounters alleged that Dunzo had paid only 50% of the required amounts, though the exact sum was not disclosed. Despite ongoing settlement talks, no resolution was reached, and the tribunal noted Dunzo’s delays in responding to creditor petitions. Dunzo continues to grapple with severe liquidity issues, delayed payments, and significant losses—reporting a ₹1,801.8 crore loss in FY23 and owing approximately ₹11.4 crore to major vendors like Google India and Facebook India.
While this NCLT ruling provides Dunzo some breathing room, the company still faces ongoing financial and operational challenges as it works to resolve its outstanding liabilities.
Hyderabad-based startup Harvesting Robotics has won hearts online by appointing a golden retriever named Denver as its Chief Happiness Officer (CHO). Denver, introduced by co-founder Rahul Arepaka in a viral LinkedIn post, has quickly become the star of the office, spreading joy and boosting morale among employees. The company is now officially pet-friendly, a move Arepaka calls their “best decision.”
Denver’s new role has sparked widespread attention, with thousands liking and commenting on the announcement. Many see Denver’s presence as more than just a cute story—it highlights a growing trend of pet-friendly workplaces that prioritize employee well-being and happiness. As companies increasingly focus on holistic wellness, Denver’s appointment shows that sometimes, a wagging tail is the best way to brighten the workday.
Info Edge (India) Ltd shareholders have overwhelmingly approved an investment of up to ₹1,000 crore in the company’s third venture capital fund, Info Edge Ventures Fund III. The proposal received near-unanimous backing, with 99.9995% of valid votes in favor out of 1,274 participants.
Smartweb Internet Services Ltd, a wholly owned Info Edge subsidiary, will act as sponsor and investment manager for the new fund. This move strengthens Info Edge’s commitment to backing early-stage startups and expanding its footprint in India’s venture capital landscape.
Info Edge has a strong track record as an early investor in leading Indian startups like Zomato and PB Fintech, with combined holdings in these firms valued at ₹31,500 crore ($3.7 billion) as of March 31, 2025.
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May 29, 2025 at 10:01 am
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