NIIT Technologies Renamed itself, Now known as Coforge
NIIT Technologies begun operating under a new name Coforge Limited with a newly designed company logo unveiled today.
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Indian Ledger App Khatabook raises $60 million in funding by Facebook Cofounder
Khatabook raises $60 million in equity round funding led by Facebook co-founder Eduardo Saverin’s B Capital Group & Others.
Former Flipkart Cofounder Sachin Bansal Acquire DHFL General Insurance
Sachin Bansal company acquire DHFL General Insurance Ltd for 100 crores Indian rupees.
Flipkart Cofounder Invest $100 Million in Indian Fintech Firm, Becomes CEO
Sachin Bansal, the co-founder of India’s leading eCommerce firm Flipkart invests $100 million in fintech firm CRIDS.
Microsoft invests $1 billion in OpenAI, a platform cofounded by Elon Musk
Microsoft led by Satya Nadella invested $1 billion in AI-based platform OpenAI to extend Microsoft Azure’s capabilities in large-scale AI systems.
Milkbasket raises $2.86 million from Flipkart Cofounder Sachin Bansal
Sachin bansal invested 20 crores in Milkbasket as a debt funding
China’s Ofo Faces User Complaints Against Revenue Raising Strategy
China’s leading bike-sharing platform Ofo is again into the headlines due to customer’s complaints regarding its new revenue raising strategy. It has been reported that when the users open the Ofo app to unlock a share bike, they have to first watch a five-second video advertisement. Many app users have got annoyed by this and […]
Ofo To Close Down in India: Fires Majority Staff
World’s first station-free bike sharing platform ‘Ofo’ is reportedly closing down its operations in India. The Alibaba-backed Chinese company, therefore, has fired a majority of the staff that was responsible for its India operations. The company was established in the country last year in the month of November. It had spread its business in various […]
Ofo, Bike Sharing Startup To Raise $1 Bn From SoftBank Group
Chinese startup Ofo is in talks to raise $1 billion in a new funding round led by Japan’s SoftBank Group, people familiar with the matter said, in what would be the largest fund-raising in the nation’s bike-sharing business. Didi Chuxing, China’s biggest ride-hailing firm which counts SoftBank as an investor, could join Ofo’s new fundraising […]
Nuclear Battery For Smartphone Launched by Chinese Startup Betavolt, No Charging Required For 50 Years
The face of sustainable energy is undergoing a transformative shift with the entrance of Betavolt, a Chinese innovation powerhouse, into the realm of power generation. This startup is making waves with its cutting-edge nuclear battery the world’s pioneering miniature atomic powerhouse that promises a staggering 50-year lifespan without a single charge. This promises to redefine […]
Adobe acquired Rephrase.ai, AI-driven video creation startup
Adobe, the renowned software company, has recently acquired Rephrase.ai, an AI-driven video creation startup based in Bengaluru, making it their first generative AI acquisition in India. According to the Economic Times, Adobe plans to integrate Rephrase’s technology stack and generative AI video capabilities into their native video-editing platform, Creative Cloud. This strategic move aims to […]
Noteworthy Stock Market Crashes in History
The stock market has always been a subject of fascination and concern for both seasoned investors and new entrants. Market trends and behaviors can significantly impact investment decisions, and predicting the future can seem like an elusive endeavor. In this article, we explore the potential for a stock market crash in the years 2023 and […]