2 minutes reading time Last update: August 20, 2024 | 16:18 IS Flutter Entertainment, the global provider of online sports betting and online gaming, on Tuesday inaugurated a new Global Capacity Centre (GCC) in Hyderabad with an investment of $3.5 million. The 80,000 sq ft GCC in Hyderabad will house over 700 employees and will … Read more
A new clean mobility initiative Cybersecurity policy, initial funding of more than $70.4 billion in a decade, 20% subsidy offered for investments in the semiconductor industry and give India its three new unicorns By 2024, Karnataka is on track to fulfil its aspiration of becoming a 1 trillion dollars economy by 2032. It is fitting … Read more
Based in Chennai Zoho CEO Sridhar Vembu, in a recent post on unknown (formerly Twitter), noted that education has become increasingly unaffordable due to rising urban real estate prices. “Education has become increasingly unaffordable. Much of this is because urban real estate (and even the real estate surrounding small towns) has become extremely expensive; this … Read more
2 minutes reading time Last update: August 2, 2024 | 19:02 IS myHQ by ANAROCK today announced a strategic partnership with WeWork India, a flexible workspace provider, under which myHQ will be the latter’s sole technology, marketing and sales partner for its products including day passes, conference room bookings and virtual offices. Users will be … Read more
By Ju Raveendran has filed a warning with the Supreme Court against its US-based creditor. Glas Trust Company LLC on the order issued by the insolvency appeal court NCLATThe caveat was filed with the top court on August 3, a day after the National Company Law Appellate Tribunal (NCLAT) passed an order restoring the board … Read more
Byju Raveendran, the eponymous founder of edtech startup Byju’s, has regained control of the company. The insolvency resolution process against Byju’s parent company Think and Learn has been halted as the National Company Law Appellate Tribunal (NCLAT) on Friday accepted the settlement reached between Byju Raveendran and the Board of Control for Cricket in India … Read more
Semiconductor startup Groq said on Monday that it has raised $640 million in a Series D funding round led by Cisco Investments, Samsung Catalyst Fund and BlackRock Private Equity Partners, among others, raising its valuation to $2.8 billion. The Silicon Valley firm, founded by a former Alphabet engineer, specializes in producing AI inference chips – … Read more
2 minutes reading time Last update: August 3, 2024 | 17:50 IS ShareChat (Mohalla Tech Pvt Ltd), India’s largest social media company, said it has increased its convertible debenture round to $65 million, to accommodate a fresh investment from EDBI, a leading global investor based in Singapore. These additional funds will be used to further … Read more
Nearly 92% of software-as-a-service (SaaS) startups in India have integrated some form of artificial intelligence (AI) features into their products over the past 12 months, and nearly 87% of these companies describe themselves as AI-native SaaS or AI-enabled SaaS, according to a report by a venture capital firm. Bessemer Venture Partners. This integration of AI … Read more
3 minutes reading time Last update: August 5, 2024 | 00:14 IS The security breach at cryptocurrency exchange WazirX, which led to the theft of more than $230 million, has prompted other actors to launch programs to secure client wallets and funds. These measures may include compensatory funds to settle the accounts of clients affected … Read more
