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Uber Has A New CEO Dara Khosrowshahi

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Uber, US based cab hailing startup, has elected a new chief executive officer to lead the company. Dara Khosrowshahi, who has been the CEO of online travel business Expedia for the past 12 years has officially been offered the post as the new CEO of Uber.

Dara Khosrowshahi emigrated to the US in 1978 from Iran following the Iranian Revolution and took over the reigns of Expedia in 2005. Expedia, under his leadership, grew to become a $23 billion giant with a presence all across the world. The online travel business is known for their work life balance and diversity. According to company data, 51% of their US employees are female and 33% leadership roles are taken up by women. Khosrowshahi has agreed that the numbers, although compares well with their peers, are still not high enough.

Former CEO and cofounder of the company Travis Kalanick was asked to step down following the various scandals that surrounded the company. One of the allegations the company faced was discrimination against women at the workspace. Although Dara Khosrowshashi will be a step up from the former CEO, the bar set for diversity and inclusion is still very low considering the board was unable to hire a woman for the lead role.

In a press conference last year Khosrowshahi said they need to attract, hire, engage and promote talent of all kinds all around the world. “We believe that by enriching the diversity of our work force across all dimensions, including gender, we achieve the most enriched outcomes,” he added. Before Khosrowshashi, HP CEO Meg Whitman along with former GE CEO Jeffery Immelt were considered for the job. After Kalanick’s resignation, many hoped that the next CEO would be a woman, which would be a symbolic choice for a company that is grappling with its “bro” culture. Facebook’s Chief Operating Officer Sheryl Sandberg was also considered for the position as she takes a firm social standing on diversity and has the right leadership experience.

In recent times many women have come forward speaking out against discrimination and harassment in the tech industry with multiple leaders stepping down from their posts. India, which is the third largest startup ecosystem in the world, on the other hand, has been seeing an increase in women lead companies in the startup world such as Richa kar led Zivame, Suchi Mukherjee led Limeroad and Radhika Aggarwal led ShopClues. Anisha Singh who is the founder of MyDala.com will also be seen mentoring aspiring entrepreneurs on an upcoming reality show on MTV called Dropout. Indira Nooyi, born in Madras, is currently ranked as the 13th most powerful women in the world and heads the world’s second largest food and beverage company, Pepsi Co. Kiran Mazumdar Shaw is the chairperson and managing director of Biocon Limited, a Bengaluru based biotechnology company and is an independent director of IT giant Infosys.

Khosrowshahi, the soon to be former CEO of Expedia, which does not have a gender pay gap and women in its workforce earn $1 for every $1 paid to men in equivalent roles, will be tasked with turning around Uber’s culture, which has been called hostile to women. More than 20 employees were terminated from Uber as a result of an internal investigation with sexual harassment, bullying and retaliation as reasons for many of the firings. The internal investigation also released a 13 page report with recommendations on how to improve the way Uber treats its employees and police reckless behavior within the company. Khosrowshahi’s job would be to follow the recommendations to avoid any more scandals.

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Jio BlackRock Gets SEBI Approval to Launch Brokerage Operations in India

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Jio BlackRock Broking Private Limited, a joint venture between Jio Financial Services and BlackRock Inc., has received final approval from the Securities and Exchange Board of India (SEBI) to commence operations as a brokerage firm. The regulatory nod, granted via a certificate of registration issued on June 25, 2025, allows the company to function as both a stockbroker and a clearing member in India’s financial markets. This milestone follows a series of regulatory clearances for the Jio BlackRock ecosystem, including approvals for mutual fund and investment advisory businesses, underscoring the joint venture’s ambition to build a comprehensive, digital-first financial services platform.

As a wholly owned subsidiary of Jio BlackRock Investment Advisers, the broking arm aims to deliver affordable, transparent, and technology-driven execution services to Indian investors. The company’s leadership has emphasized that the new platform will empower self-directed investors with seamless execution capabilities, complementing its broader strategy to democratize access to investment solutions in India. The approval is expected to further strengthen Jio BlackRock’s position in the rapidly expanding financial services sector, offering a full suite of products from mutual funds and advisory to brokerage, all accessible through user-friendly digital channels.

The market responded positively to the news, with Jio Financial Services shares rising over 4 percent following the announcement. Industry analysts view this regulatory milestone as a significant step in Jio BlackRock’s efforts to transform India’s investment landscape, moving the country closer to becoming a nation of investors rather than just savers.

 

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CoRover Unveils BharatGPT Mini: India’s First Offline Multilingual AI

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CoRover has launched BharatGPT Mini, India’s first offline multilingual AI model, at VivaTech 2025 in Paris, with the event officiated by Union Minister Jitin Prasada. This innovative Small Language Model (SLM), featuring around 534 million parameters, is specifically designed for edge devices and low-compute environments, enabling robust AI capabilities without the need for cloud connectivity. Its ability to function entirely offline and support 14 Indic languages makes it a powerful tool for digital inclusion, particularly in rural and remote regions where internet access is limited.

BharatGPT Mini’s architecture is optimized for deployment across various sectors, including healthcare, education, banking, and governance, allowing citizens to interact with essential services in their native languages. The model can be integrated into small businesses, government offices, and other organizations through the CoRover Builder platform, which offers a no-code solution for deploying AI assistants across web, telephony, and IoT systems. By processing data locally and encrypting it on-device, BharatGPT Mini ensures strong privacy and data sovereignty, aligning with India’s strategic goal of developing indigenous AI solutions. 

The launch has garnered strong support from both the Indian government and industry leaders, who see BharatGPT Mini as a catalyst for democratizing access to digital services. CoRover anticipates significant growth in the adoption of Small Language Models, with early feedback indicating a substantial increase in project demand. As CoRover looks to expand its expertise globally, BharatGPT Mini stands out as a scalable, multilingual, and privacy-centric solution, setting a new standard for inclusive and sovereign AI innovation in India’s diverse landscape.

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Kerala Startup E-Quark Launches Innovative Mobile Holder with Built-In Charger

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Kerala-based startup E-Quark Molecule Innovations Pvt Ltd, headquartered in Thrissur, has introduced an innovative device called Keratin that combines a mobile phone holder with a built-in charger. This unique gadget is designed to offer users a convenient solution to hold and charge their smartphones simultaneously, addressing the common challenge of managing power supply while using mobile devices.

The device enhances user experience by integrating two essential functions into one compact design. It securely holds the phone while providing efficient charging, making it perfect for use on desks, bedside tables, or other personal spaces where easy access and power are needed. This innovation aligns with the growing trend of multifunctional mobile accessories that prioritize both convenience and practicality.

E-Quark Molecule Innovations is a key player in Kerala’s dynamic startup ecosystem, which has been rapidly expanding in tech-driven areas such as electric vehicle charging infrastructure. With the launch of this mobile holder-charger, the company is establishing itself as a leader in user-centric mobile accessories, further cementing Kerala’s position as a hub for cutting-edge technology development.

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