News

Anupam Rasayan India Ltd. Appoints Mr. Gopal Agrawal as Chief Executive Officer (CEO) Anupam Rasayan India Ltd., one of the leading companies engaged in the custom synthesis and manufacturing of specialty chemicals in India appoints Mr. Gopal Agrawal as Chief Executive Officer (CEO), effective September 11, 2023. On the appointment announcement, Mr. Gopal Agrawal, CEO of Anupam Rasayan said, "I am truly excited to be part of a dynamic and innovative organization that has established itself as a leader in the custom synthesis and manufacturing of specialty che...
Anupam Rasayan India Ltd. Appoints Mr. Gopal Agrawal as Chief Executive Officer (CEO)
Anupam Rasayan India Ltd. Appoints Mr. Gopal Agrawal as Chief Executive Officer (CEO)
Source: PR Agency
7/09/2023 2:34:01 PM
Amazon launches new initiatives to boost India`s digital economy, exports E-commerce giant Amazon on Thursday announced a slew of initiatives to boost India’s digital economy and exports, along with an MoU with India Post for an integrated cross-border logistics solution. The move will expand the e-commerce exports opportunity to lakhs of micro, small and medium enterprises (MSMEs) across the country.  Additionally, Amazon is engaging with Indian Railways’ Dedicated Freight Corridor Corporation of India (DFC) to enable its sellers deliver fas...
Amazon launches new initiatives to boost India`s digital economy, exports
Amazon launches new initiatives to boost India`s digital economy, exports
Source: IANS
31/08/2023 3:47:28 PM
Howden India Appoints Abhijit Sethi as Chief Operating Officer Howden, the global insurance intermediary, announces today the appointment of Abhijit Sethi as Chief Operating Officer of India operations. In his new role, Mr. Sethi will be responsible for strategic leadership in overseeing pan-India placements, optimising business operations, refining processes, and nurturing insurer relationships to drive sustained growth and innovation. Abhijit is renowned for his dynamic leadership and strategic insight, boasting a distinguished career...
Howden India Appoints Abhijit Sethi as Chief Operating Officer
Howden India Appoints Abhijit Sethi as Chief Operating Officer
Source: PR Agency
29/08/2023 12:35:02 PM
WhatsApp adds faster way to send short videos in chats  Mark Zuckerberg on Thursday announced that the company is adding the ability to instantly record and share a video message in WhatsApp chats. According to Meta founder and CEO, “it’s as easy as sending a quick voice message”. WhatsApp said in a statement that video messages are a real-time way to respond to chats with whatever you want to say and show in 60 seconds.  “We think these will be a fun way to share moments with all the emotion that comes ...
WhatsApp adds faster way to send short videos in chats
WhatsApp adds faster way to send short videos in chats
Source: IANS
28/07/2023 10:04:05 AM
Credit Access Grameen Elevates Mr. Ganesh Narayanan As The Chief Executive Officer (CEO) CreditAccess Grameen Limited (NSE: CREDITACC, BSE: 541770, ‘CA Grameen’), the country’s largest Non-Banking Financial Company-Micro Finance Institution (NBFC-MFI), announced that its Deputy Chief Executive Officer & Chief Business Officer, Mr. Ganesh Narayanan will be transitioning as the Chief Executive Officer (CEO) effective 1st August 2023 for a period of five years subject to the shareholders’ approval. CA Grameen’s current Managing Director & C...
Credit Access Grameen Elevates Mr. Ganesh Narayanan As The Chief Executive Officer (CEO)
Credit Access Grameen Elevates Mr. Ganesh Narayanan As The Chief Executive Officer (CEO)
Source: PR Agency
25/07/2023 1:10:56 PM
Siddaramaiah holds talks with CEO of Foxconn subsidiary in Bengaluru In a major development, Karnataka Chief Minister Siddaramaiah on Monday held an important meeting with the CEO of a subsidiary entity of the Taiwanese chip making giant Foxconn in Bengaluru. The delegation headed by the Foxconn Industrial Internet CEO Brand Cheng met Siddaramaiah at the Vidhana Soudha and discussed establishing a manufacturing unit near Tumakuru. The meeting was attended by the Large and Medium Industries Minister M.B. Patil, RDPR, IT and BT minister Priyank Kharge and ...
Siddaramaiah holds talks with CEO of Foxconn subsidiary in Bengaluru
Siddaramaiah holds talks with CEO of Foxconn subsidiary in Bengaluru
Source: IANS
17/07/2023 2:57:59 PM
Mohandas Pai, former SBI chair to join Byju`s advisory council Early Byju's investor Mohandas Pai and former State Bank of India chairman Rajnish Kumar will join an advisory council at the Indian edtech startup, weeks after resignations by its auditor and investor representatives amid governance concerns. The council will mentor Byju's board and its CEO Byju Raveendran on crucial matters, the company said on Thursday. "As part of the advisory council, I look forward to advising the leadership in evolving the systems of governance and f...
Mohandas Pai, former SBI chair to join Byju`s advisory council
Mohandas Pai, former SBI chair to join Byju`s advisory council
Source: Reuters
13/07/2023 6:08:09 PM
Google sees huge opportunities for future of AI in South Korea US tech giant Google has seen great potential for artificial intelligence (AI) technologies in South Korea, as it has chosen Korean as its priority service language besides English for its AI-based chatbot, Bard, a senior company official said on Thursday. "With Bard launched in Korean in 2023, this is one of the many opportunities that lie ahead," Yossi Matias, vice president for engineering and research at Google, said during the AI Week conference, co-hosted by the Ministry of...
Google sees huge opportunities for future of AI in South Korea
Google sees huge opportunities for future of AI in South Korea
Source: IANS
13/07/2023 5:14:32 PM
States need to focus on transparency with regard to financial numbers: NITI Aayog CEO NITI Aayog CEO B V R Subrahmanyam has emphasised on the need to focus on transparency with regard to states' finances as greater transparency will help states raise resources from market at competitive rates. He also made a case for having a fiscal council like institution to better manage the debt trajectory of the Centre and states. He said transparency is more important than uniformity and states should ensure that everything gets reported in some form or the other because the marke...
States need to focus on transparency with regard to financial numbers: NITI Aayog CEO
States need to focus on transparency with regard to financial numbers: NITI Aayog CEO
Source: Accord Fintech
4/07/2023 10:41:45 AM
3 new China-based Tesla rivals see sales surge as BYD leads Not only China-based BYD which is now a formidable electric car-maker but three other Tesla rivals have also seen their sales surge in June in China as demand for EVs come back to track. According to a report in the South China Morning Post, Beijing-based Li Auto hit an all-time high of 32,575 deliveries last month, up 15.2 per cent from May. While Shanghai-based Nio delivered 10,707 cars in June, three quarters higher than the volume a month earlier, Xpeng, based in Guangzhou, delivere...
3 new China-based Tesla rivals see sales surge as BYD leads
3 new China-based Tesla rivals see sales surge as BYD leads
Source: IANS
3/07/2023 11:20:20 AM
Tesla produced nearly 480K cars, delivered 466K vehicles in Q2 2023  Elon Musk-own Tesla has announced that it produced nearly 4,80,000 vehicles and delivered over 4,66,000 cars in the second quarter (Q2) of this year. Among 4,66,000 delivered vehicles, 19,225 were Model S/X, and 4,46,915 were Model 3/Y, the company said in a post on Sunday. The automaker will post its financial results for Q2 2023 after market close on July 19. At that time, the company will also issue a brief advisory containing a link to the Q2 update, which will be available on...
Tesla produced nearly 480K cars, delivered 466K vehicles in Q2 2023
Tesla produced nearly 480K cars, delivered 466K vehicles in Q2 2023
Source: IANS
3/07/2023 9:27:01 AM
Now securely transfer your full chat history on WhatsApp: Zuckerberg  Meta founder and CEO Mark Zuckerberg on Friday announced a secure way to transfer WhatsApp chat history between devices on the same operating system. For the first time, users can preserve their complete chat and media history without having to exit the app. “More secure than using unofficial third party apps which lack clear privacy practices, and more private than cloud services, the transfer process is authenticated with a QR code, data is only shared between your two dev...
Now securely transfer your full chat history on WhatsApp: Zuckerberg
Now securely transfer your full chat history on WhatsApp: Zuckerberg
Source: IANS
1/07/2023 10:26:35 AM
Good Capital launches $50 mn fund to back startups leveraging AI Seed-stage, India-focused VC firm Good Capital on Friday announced a new $50 million fund to back founders who are leveraging AI for distribution, personalisation or business operations. Good Capital said it is deploying the fund with target cheques of up to $1.5 million over the next 4 years.  The VC firm has been an early investor in unicorns such as Meesho and LEAD School.  “Integrating AI is now table stakes for any startup. Much like the platform shift to mobile ...
Good Capital launches $50 mn fund to back startups leveraging AI
Good Capital launches $50 mn fund to back startups leveraging AI
Source: IANS
30/06/2023 10:42:23 AM
WhatsApp rolling out 32-person video calling feature on Windows beta   Meta-owned messaging platform WhatsApp is rolling out a new feature to create video calls with up to 32 people, on Windows beta. Beta users will receive a message that invites them to try calling their groups, reports WABetaInfo. Earlier, only the ability to place audio calls with up to 32 people was available on Windows. However now, with the latest update, beta users can also video call with up to 32 people. The new feature is currently available to some beta testers t...
WhatsApp rolling out 32-person video calling feature on Windows beta
WhatsApp rolling out 32-person video calling feature on Windows beta
Source: IANS
29/06/2023 10:09:26 AM
Meta launches new VR subscription service for $7.99 per month    Meta has launched its new virtual reality (VR) subscription service 'Quest+' which costs $7.99 per month or $59.99 annually (a savings of over 37 per cent). With this new subscription, users will get access to two hand-picked VR titles every month, the company said in a blogpost on Monday. Moreover, if users sign up now through July 31, they will get the first month for $1. "With a combination of VR’s biggest hits, hidden gems, and back-catalogue cl...
Meta launches new VR subscription service for $7.99 per month
Meta launches new VR subscription service for $7.99 per month
Source: IANS
27/06/2023 10:14:24 AM
AdaniConneX seals largest data centre financing deal in India with $213mn construction financing facility Adani ConneX achieved financial closure through its maiden construction facility by entering into Financing Framework, raising $213 million for its under-construction data centre asset portfolio. The tied-up facility will finance two data centres with an aggregate capacity of 67 MW that includes 'Chennai 1' campus with Phase 1 of 17 MW and Noida campus of 50 MW. India is one of the fastest-growing data centre markets in the world, and as per CRISIL estimates the data centre capa...
AdaniConneX seals largest data centre financing deal in India with $213mn construction financing facility
AdaniConneX seals largest data centre financing deal in India with $213mn construction financing facility
Source: Accord Fintech
23/06/2023 3:34:56 PM
Prime Minister narendra Modi meets top American CEOs, seeks technological collaboration Prime Minister Narendra Modi, who is currently on a state visit to the US, met a cross section of American CEOs in Washington and sought their technological collaboration in India. In a series of back-to-back meetings on Wednesday, Modi first met president and CEO of Applied Materials Gary E. Dickerson and invited his company to contribute towards strengthening the semiconductor ecosystem in India and also to develop process technology and advanced packaging capabilities. Modi and Dicke...
Prime Minister narendra Modi meets top American CEOs, seeks technological collaboration
Prime Minister narendra Modi meets top American CEOs, seeks technological collaboration
Source: IANS
22/06/2023 11:09:34 AM
Nasdaq to acquire financial services software company Adenza for $10.5 bn Nasdaq on Monday said it has acquired Adenza, a company that develops risk-management and related regulatory software for the financial services market, for $10.5 billion. Nasdaq acquired Adenza from Thoma Bravo, a leading software investment firm, in cash and shares of common stock. Upon the closing of the transaction, Holden Spaht, a Managing Partner at Thoma Bravo, is expected to be appointed to Nasdaq's Board of Directors, which will be expanded to 12 members, Nasdaq said in a s...
Nasdaq to acquire financial services software company Adenza for $10.5 bn
Nasdaq to acquire financial services software company Adenza for $10.5 bn
Source: IANS
13/06/2023 9:26:56 AM
HDFC Mutual Fund's Nurture Nature Returns : Turning the Tide on Plastic Waste This World Environment Day HDFC Mutual Fund is thrilled to announce the much-awaited return of its #NurtureNature campaign chapter three on this World Environment Day. Building on the resounding success of last year's sapling planting endeavour, this year's campaign takes a bold step towards repurposing the plastic waste that plagues our planet. In a world where less than 10 percent of plastic waste gets recycled, HDFC Mutual Fund is determined to make a difference. Thus, from June 5th to June 10th 20...
HDFC Mutual Fund's Nurture Nature Returns : Turning the Tide on Plastic Waste This World Environment Day
HDFC Mutual Fund's Nurture Nature Returns : Turning the Tide on Plastic Waste This World Environment Day
Source: PR Agency
7/06/2023 10:49:52 AM
Private sector investment set to witness significant increase: CII President President of Confederation of Indian Industry (CII) R Dinesh has said private sector investment is set to witness a significant increase, as capacity utilisation in several key sectors has already crossed 80 per cent and economic growth is estimated to be 6.7 per cent in the current financial year. He also exuded confidence that the Reserve Bank of India (RBI) will maintain status quo on interest rate in the next bi-monthly monetary policy to be announced later this week. Citing the CII's...
Private sector investment set to witness significant increase: CII President
Private sector investment set to witness significant increase: CII President
Source: Accord Fintech
5/06/2023 9:32:28 AM
Aurum acquires Tiger Global-backed home rental firm NestAway for about Rs 90 cr Proptech company Aurum on Friday said it has acquired Tiger Global-backed home rental firm NestAway Technologies for up to $10.9 million (about Rs 90 crore), a massive markdown from NestAway's valuation at $227 million in a funding round in 2019. Aurum Proptech said in a regulatory filing that its executive investment committee has approved the acquisition of up to 100 per cent share capital of NestAway. Aurum will also infuse Rs 30 crore to stabilise the home rental business. &q...
Aurum acquires Tiger Global-backed home rental firm NestAway for about Rs 90 cr
Aurum acquires Tiger Global-backed home rental firm NestAway for about Rs 90 cr
Source: IANS
3/06/2023 9:31:15 AM
Yellen urges new World Bank chief to `get the most` from balance sheet U.S. Treasury Secretary Janet Yellen on Thursday told incoming World Bank Group President Ajay Banga to "get the most out of the bank's balance sheet" and mobilize more private capital for climate finance and global development objectives, the Treasury said. During a meeting with Banga a day before the former Mastercard CEO takes office at the World Bank, Yellen "conveyed her strong desire for Treasury to continue close collaboration" with him on the lender's ev...
Yellen urges new World Bank chief to `get the most` from balance sheet
Yellen urges new World Bank chief to `get the most` from balance sheet
Source: Reuters
2/06/2023 9:11:08 AM
Uttar Pradesh government holds training programme for `Udyami Mitras`  The Uttar Pradesh government has launched a 14-day basic orientation programme for 'Udyami Mitras' (friends of entrepreneurs) selected under the Mukhymantri Udyami Mitra Yojana. Arvind Kumar, advisor to the chief minister, and CEO, Invest UP, Abhishek Prakash, said that in all, 26 training sessions will be conducted during the orientation programme. These include introduction to various investment-oriented policies, rules, ease of doing business and different portals as we...
Uttar Pradesh government holds training programme for `Udyami Mitras`
Uttar Pradesh government holds training programme for `Udyami Mitras`
Source: IANS
30/05/2023 9:32:17 AM
Consumer electronics brand DIZO India's CEO moves on  Abhilash Panda, CEO of consumer electronics brand DIZO India, has stepped down after working for two years at the company to pursue new opportunities and challenges in his professional journey. "As I step down as CEO, DIZO India, I will always remain a proud member of the DIZO Squad. Life is an expedition, and I now know what I want to explore. My passion to fulfil the ever-evolving consumer is not going anywhere. I am excited to embrace new opportunities and challenges that lie...
Consumer electronics brand DIZO India's CEO moves on
Consumer electronics brand DIZO India's CEO moves on
Source: IANS
29/05/2023 12:39:17 PM
Vedanta appoints 34-year industry veteran for its semiconductor business in India Vedanta-Foxconn Semiconductors Limited (VFSL), a joint venture between Foxconn and Vedanta Group, has appointed Mike Young as Senior Vice President, Project Management Office and Manufacturing Operations. In this role, Mike will oversee the seamless execution of manufacturing and operational processes as VFSL looks at setting up a state-of-the-art semiconductor fab in India. "Mike Young brings with him 34 years of extensive experience in front-end semiconductor manufacturing across...
Vedanta appoints 34-year industry veteran for its semiconductor business in India
Vedanta appoints 34-year industry veteran for its semiconductor business in India
Source: IANS
25/05/2023 5:27:17 PM
Indian-origin Dylan Jadeja to become Riot Games CEO Riot Games, the developer behind smash-hit video games like 'League of Legends' and 'Valorant,' has appointed India-origin A.Dylan Jadeja as the company's new chief executing officer (CEO). "We're proud to announce that our current global president, A.Dylan Jadeja will become our next CEO later this year," said Riot Games. Dylan will succeed the company's current CEO Nicolo Laurent, who has spent the past 14 years in leadership roles at Riot, includ...
Indian-origin Dylan Jadeja to become Riot Games CEO
Indian-origin Dylan Jadeja to become Riot Games CEO
Source: IANS
13/05/2023 2:15:17 PM
Adani Green Energy announces FY23 results reporting EBITDA of Rs 5,538 cr up by 57% YoY Adani Green Energy Ltd (AGEL), the renewable energy arm of the diversified Adani Group announced financial results for the quarter and financial year ended March 31, 2023. The sale of energy has increased by 58 per cent YoY to 14,880 mn units in FY23 primarily backed by strong capacity addition, analytics driven O&M enabling high plant availability and deployment of latest renewable technologies. AGEL has added a massive 2,676 MW renewable capacity to its operational fleet in FY23, ...
Adani Green Energy announces FY23 results reporting EBITDA of Rs 5,538 cr up by 57% YoY
Adani Green Energy announces FY23 results reporting EBITDA of Rs 5,538 cr up by 57% YoY
Source: IANS
2/05/2023 12:16:03 PM
Top CEOs received 9% pay rise in 2022, employees took 3% pay cut Top CEOs globally, including India, received a real-term 9 per cent pay rise in 2022, while workers worldwide took a 3 per cent pay cut during the same period, a report showed on Monday. Around 150 of the top-paid executives in India received $1 million on average last year, a real-term pay rise of 2 per cent since 2021. A single Indian executive makes in just four hours more than an average worker earns in a year. Employees on average worked six days "for free" last year b...
Top CEOs received 9% pay rise in 2022, employees took 3% pay cut
Top CEOs received 9% pay rise in 2022, employees took 3% pay cut
Source: IANS
1/05/2023 10:38:53 AM
Serigen, an innovative tissue regeneration startup, raises INR 5.8 crores from BioAngels, Colossa Ventures and other Angels Serigen Mediproducts, an innovative medical products company with a pioneering portfolio of silk protein-based products, has successfully raised INR 5.8 crore funding in a seed funding round from BioAngels (powered by IAN and BIRAC) and Colossa Ventures. The lead investors from BioAngels powered by IAN include Uday Chatterjee, Sri Prakash, Rishabh Mehta, Umakant Panwar and Anirudh Agarwal. The round also witnessed participation from other prominent angel investors and experienced en...
Serigen, an innovative tissue regeneration startup, raises INR 5.8 crores from BioAngels, Colossa Ventures and other Angels
Serigen, an innovative tissue regeneration startup, raises INR 5.8 crores from BioAngels, Colossa Ventures and other Angels
Source: PR Agency
29/03/2023 4:27:12 PM
Xiaomi India joins United Way India to upskill transgender community in India  Leading smartphone and smart TV brand Xiaomi India on Friday announced a collaboration with the United Way India to upskill the transgender community in the country. The partnership aims to upskill 100 transgender persons across Delhi, Mumbai, and Bengaluru with the knowledge of laptop, computer, and mobile handset repair to enhance their employability and provide sustainable livelihood options to them. The skill development programme is a gateway for the transgender community to ...
Xiaomi India joins United Way India to upskill transgender community in India
Xiaomi India joins United Way India to upskill transgender community in India
Source: IANS
24/03/2023 11:54:51 AM
BYJU's set to close $250 mn funding round soon at flat valuation Edtech major BYJU's is in advanced stages to raise $250 million at a flat valuation (at $22 billion the company last announced) as it struggles to repay a $1.2 billion term loan and turn profitable in 2023, reliable sources said on Thursday. Sources told IANS that the latest funding round is in "final stages of discussion and will be closed soon within few weeks". BYJU's declined to immediately comment on the development. However, the $250 million round may also com...
BYJU's set to close $250 mn funding round soon at flat valuation
BYJU's set to close $250 mn funding round soon at flat valuation
Source: IANS
24/03/2023 9:21:52 AM
realme to appoint new India biz head from China, Madhav Sheth may quit Global technology brand realme is set to replace India business head Madhav Sheth with a top executive from its China-based headquarters, reliable sources told IANS on Thursday. Sheth may quit the company once the official statement is made soon. The move, according to industry insiders, does not augur well for the company which cemented its position in a market which is highly-competitive at the mass level, with Sheth, as its India business lead, became the sole face of the company within...
realme to appoint new India biz head from China, Madhav Sheth may quit
realme to appoint new India biz head from China, Madhav Sheth may quit
Source: IANS
23/03/2023 5:09:47 PM
GitHub launches AI-powered Copilot X, adopts OpenAI's GPT-4 model Microsoft-owned open-source developer platform GitHub has announced the launch of Copilot X, the company's vision for the future of AI-powered software development. GitHub has adopted OpenAI's new GPT-4 model, and introduced chat and voice for Copilot, bringing Copilot to pull requests, the command line, and docs to answer questions on developers' projects. "From reading docs to writing code to submitting pull requests and beyond, we're working to personalise GitHub...
GitHub launches AI-powered Copilot X, adopts OpenAI's GPT-4 model
GitHub launches AI-powered Copilot X, adopts OpenAI's GPT-4 model
Source: IANS
23/03/2023 2:35:23 PM
We need an innovative India Cloud that caters to our people: Rajeev Chandrasekhar As data centre business surges in India amid the demand from various industry stakeholders to store citizens' data locally, the government is planning to create more innovations around the India Cloud just like India Stack, Union Minister of State for Electronics and IT, Rajeev Chandrasekhar, has stressed. The minister told IANS that the demand for storing data locally keeps growing as more and more global companies open their data centres in the country, like Amazon, Microsoft, Goog...
We need an innovative India Cloud that caters to our people: Rajeev Chandrasekhar
We need an innovative India Cloud that caters to our people: Rajeev Chandrasekhar
Source: IANS
22/03/2023 3:11:31 PM
Arzooo to launch consumer durables products, partners with Dixon and others  India’s leading consumer durable marketplace Arzooo is foraying into the consumer durables category with focus on building a smart range of home appliances. These next generation products will come with new age technology, superior quality and designs. Congruous with the new business proposition, Arzooo has partnered with prominent players in electronic manufacturing - Dixon, Amber Group and more. Given Arzooo’s formidable position in the consumer electronics retail ecosy...
Arzooo to launch consumer durables products, partners with Dixon and others
Arzooo to launch consumer durables products, partners with Dixon and others
Source: PR Agency
11/03/2023 5:20:44 PM
Open-source eLearning giant Moodle taps into $30 bn Indian EdTech market with India launch Open-source eLearning giant Moodle taps into $30 bn Indian EdTech market with India launch   Moodle, the world’s most customizable and trusted eLearning solution, today launched its Indian subsidiary - Moodle India, that will help it tap into the forecast $30 billion Indian EdTech market and extend its social impact.    The launch of Moodle India follows the acquisition of eAbyas Info Solutions in December 2022, which has now been fully integrated into the glo...
Open-source eLearning giant Moodle taps into $30 bn Indian EdTech market with India launch
Open-source eLearning giant Moodle taps into $30 bn Indian EdTech market with India launch
Source: PR Agency
6/03/2023 3:39:52 PM
Foxconn Chairman inaugurates India`s largest prototyping Centre in Hyderabad The Chairman and CEO of electronics major Foxconn, Young Liu, along with Telangana's Minister for IT and Industries, K.T. Rama Rao, inaugurated T-Works, India's largest hardware prototyping centre, here on Thursday. The state-of-the-art facility is expected to accelerate India's journey towards becoming a leader in product innovation. The 78,000 sq ft building was unveiled in a unique way via a spectacular curtain drop (called a 'kabuki' drop). The inaugural event wa...
Foxconn Chairman inaugurates India`s largest prototyping Centre in Hyderabad
Foxconn Chairman inaugurates India`s largest prototyping Centre in Hyderabad
Source: IANS
3/03/2023 9:13:14 AM
Elon Musk may appoint Boring Company CEO Steve Davis as new Twitter head Amid the continuing layoffs at Twitter, Elon Musk may have zeroed in on its new CEO -- Steve Davis who is a long-time associate of Musk and currently the CEO of The Boring Company. The Boring Company is an infrastructure and tunnel construction services company founded by Musk. According to Platformer, Davis came to Twitter as part of Musk's transition team last year. Musk had tasked Davis with cutting $500 million in costs but he ended up cutting nearly $1 billion. "His ...
Elon Musk may appoint Boring Company CEO Steve Davis as new Twitter head
Elon Musk may appoint Boring Company CEO Steve Davis as new Twitter head
Source: IANS
28/02/2023 12:23:20 PM
Edtech company NxtWave raises $33 mn to upskill Indian youth Edtech company NxtWave on Tuesday said it has raised $33 million in its latest fundraising round, led by Greater Pacific Capital (GPC), in its bid to upskill more youth in the country. NxtWave said it plans to utilise the funds to further enhance the learning experience by investing in its product and content. "We'll bring high-quality, employability-focused education to India's youth and equip them for the jobs of the future at scale. With National Education Policy 2020, t...
Edtech company NxtWave raises $33 mn to upskill Indian youth
Edtech company NxtWave raises $33 mn to upskill Indian youth
Source: IANS
21/02/2023 12:18:00 PM
India now has nearly 27K active tech startups, adds 1,300 last year  India added over 1,300 active tech startups last year, taking the total tally of active tech startups to 25,000-27,000, a Nasscom report said on Wednesday. India continues to be the third largest tech startup ecosystem globally (after the US and China). The country also added the second highest number of unicorns in the world, with over 23 added in the CY2022. Simultaneously, the potential pipeline of unicorns expanded to over 170, growing at a pace equivalent to 2021, accordin...
India now has nearly 27K active tech startups, adds 1,300 last year
India now has nearly 27K active tech startups, adds 1,300 last year
Source: IANS
15/02/2023 2:20:01 PM
Biocon Q3FY23 revenue at Rs 3,020 crore, up 36% Global biopharmaceuticals company Biocon Ltd on Tuesday announced its net revenue from operations for the quarter, ending December 31, 2022. increased by 36 per cent to Rs 3,020 crore from Rs 2,223 crore in the same period last year. Executive Chairperson, Biocon and Biocon Biologics Kiran Mazumdar-Shaw said: "Q3 FY23 has been an eventful quarter which saw the completion of the global acquisition of our partnered Biosimilars business from Viatris on Nov 29, 2022. "We are now i...
Biocon Q3FY23 revenue at Rs 3,020 crore, up 36%
Biocon Q3FY23 revenue at Rs 3,020 crore, up 36%
Source: IANS
15/02/2023 10:54:09 AM
Aero India 2023: HAL to provide MRO support for MQ-9B remotely piloted aircraft engines Hindustan Aeronautics Limited (HAL) and General Atomics Aeronautical Systems Incorporated (GA-ASI) have jointly announced that turbo-propeller engines which power the state-of-art MQ-9B Guardian High Altitude Long Endurance (HALE) Remotely Piloted Aircraft System (RPAS) will be supported by the HAL Engine Division at Bengaluru for the Indian market. "HAL has been manufacturing and providing MRO support for TPE 331-5 engines for the last 40 years. We are also establishing facilities fo...
Aero India 2023: HAL to provide MRO support for MQ-9B remotely piloted aircraft engines
Aero India 2023: HAL to provide MRO support for MQ-9B remotely piloted aircraft engines
Source: IANS
15/02/2023 10:14:08 AM
PhonePe raises extra $100 mn at $12 bn valuation Leading fintech company PhonePe on Tuesday announced it has raised another $100 million in primary capital from Ribbit Capital, Tiger Global, and TVS Capital Funds, at a pre-money valuation of $12 billion. The new investment follows the recent $350 million primary fundraise from General Atlantic, a leading global growth equity firm, that PhonePe closed in January. "We are privileged to have a great set of leading global investors, both existing and new, who believe in our mission o...
PhonePe raises extra $100 mn at $12 bn valuation
PhonePe raises extra $100 mn at $12 bn valuation
Source: IANS
14/02/2023 4:24:49 PM
Lending platform mPokket to expand its workforce by next month  Homegrown digital lending platform mPokket on Tuesday said that it plans to expand its team strength by March 2023 across all verticals, as part of its mission to empower India's youth and maintain its growth trajectory. The total number of employees at the Kolkata-based company stands at 2700, including employees at its Bangalore office. "The ongoing hiring is aimed at empowering young professionals from vast domains for a better future. The new pool of talent will suppo...
Lending platform mPokket to expand its workforce by next month
Lending platform mPokket to expand its workforce by next month
Source: IANS
14/02/2023 3:44:19 PM
Saif's company to co-produce Danish/Swedish hit series 'The Bridge Banijay's Endemol Shine India and Bollywood star Saif Ali Khan's Black Knight Films will adapt hit Danish/Swedish scripted series 'Bron/Broen' ('The Bridge') for Indian audiences, reports 'Variety'. The original show opens with a body on a border that is shared by two countries and the discovery leads to a joint investigation by the police forces of the two regions, forcing detectives from both sides to work together to solve the crime, 'Variety' add...
Saif's company to co-produce Danish/Swedish hit series 'The Bridge
Saif's company to co-produce Danish/Swedish hit series 'The Bridge
Source: IANS
14/02/2023 2:18:52 PM
Maharashtra will chip in lion's share to India's $5 trillion economy dream: CM Eknath Shinde  Maharashtra Chief Minister Eknath Shinde has said that the state will contribute a "lion's share" to India's ambition to become a 5 trillion dollar economy by 2027. For achieving this goal, it was imperative for Maharashtra to become a USD 1-trillion economy with a holistic growth focussed on agriculture, industries and infrastructure development, he said. "Maharashtra is the country's growth engine... Our effort is to increase its capacity, output and p...
Maharashtra will chip in lion's share to India's $5 trillion economy dream: CM Eknath Shinde
Maharashtra will chip in lion's share to India's $5 trillion economy dream: CM Eknath Shinde
Source: IANS
14/02/2023 12:32:40 PM
Himachal, Goa to join hands to promote tourism Himachal Pradesh and Goa will work together to promote special packages designed for foreign and domestic tourism, and investment through mutual cooperation. This was discussed at a meeting held between Himachal Chief Minister Sukhvinder Singh Sukhu and his Goa counterpart Pramod Sawant. Stressing on a joint strategy, Sukhu said Himachal and Goa are the best tourism states in India and have tremendous potential to become a combined unique destination for the world, thereby boosting the ...
Himachal, Goa to join hands to promote tourism
Himachal, Goa to join hands to promote tourism
Source: IANS
14/02/2023 10:20:18 AM
Velocity launches India's first ChatGPT-powered AI chatbot 'Lexi' Homegrown financial technology firm Velocity on Monday launched India's first AI chatbot integrated with OpenAI's ChatGPT, called "Lexi". Velocity has integrated this latest advancement in artificial intelligence with its existing analytics tool, Velocity Insights. Indian eCommerce brands that utilise Velocity Insights receive a daily business report on Whatsapp, which led the company also integrate ChatGPT in the same Whatsapp interface. "Ever since ChatGPT la...
Velocity launches India's first ChatGPT-powered AI chatbot 'Lexi'
Velocity launches India's first ChatGPT-powered AI chatbot 'Lexi'
Source: IANS
14/02/2023 10:05:50 AM