Madhya Pradesh Chief Minister Mohan Yadav said on Thursday that Google Cloud has proposed to create a startup center and centre of excellence in his state. He said that during his two-day visit to Bengaluru he received proposals with an investment potential of around Rs 3,200 crore. “To increase the skilled workforce, Google Cloud has … Read more
Mumbai-based Arisinfra Solutions Limited recently filed its draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). The company plans to raise up to Rs 600 crore through this initial public offering (IPO). The offering consists entirely of a new issue of equity shares, each with a nominal value of Re … Read more
In 2022, Noam Shazeer and Daniel De Freitas left their jobs developing artificial intelligence at GoogleThey said the tech giant was moving too slowly, so they created Character.AIa chatbot start-upand raised nearly $200 million. Last week, Shazeer and De Freitas announced they were returning to Google. They had reached an agreement to rejoin its AI … Read more
CoRover.ai, the creator of Bengaluru-based BharatGPT, recently announced that it has joined NVIDIA Inception, a program that supports startups revolutionizing industries with technological advancements. NVIDIA Inception helps Startups during critical stages of product development, prototyping and deployment. Each Inception member receives a customized set of ongoing benefits—including NVIDIA Deep Learning Institute credits, preferred pricing on … Read more
Autonomous vehicle sharing platform Car zoom On Friday it said it has launched its first logistics center in Chennai and plans to add more than 100 such centers this year. As part of the expansionThe company said it is also looking to add 1,000 new cars on the platform in December of this year. Operated … Read more
The National Payments Corporation of India (NPCI) recently announced the incorporation of NPCI BHIM Services Ltd (NBSL) as a wholly owned subsidiary. Previously known as Bharat Interface for Money (BHIM), the new entity was established to meet the growing demand for digital transactions in India. Appointments of leaders The newly formed NPCI BHIM Services Ltd … Read more
The expansion of the stock markets and the generation of wealth in the country are opening up new opportunities for companies focused on the sector. wealth tech startups. AND venture capital firms They are investing millions of dollars to support these nascent businesses. Data from market intelligence platform Tracxn shows that investors have collectively poured … Read more
The NBFC division of the Mahindra Group Mahindra Finance has announced the appointment of two senior executives to key positions within the organization. The company has appointed Bijoy Thaplial as Chief Commercial Officer – Leasing, Partnerships and Payments, and Mod Narayan Singh as Chief Compliance Officer (CCO). With these appointments, the company aims to reinforce … Read more
US private equity firm Warburg Pincus has acquired a majority stake in Ebco Private Limited, a Mumbai-based manufacturer of furniture hardware and architectural hardware. While the private equity firm did not disclose the financial terms of the deal, A Mint Report He said the US-based firm will acquire 75-80 per cent of the company at … Read more
Logistics software-as-a-service (SaaS) startup backed by Tiger Global and Steadview Capital Login Next Solutions has sold its assets for a paltry sum of $250,000 to a Delaware-registered entity, Stellation Inc, as part of a liquidation, winding-up and dissolution process, according to documents reviewed by ET. After raising $50 million in multiple funding rounds, the Mumbai … Read more
