Aditya | Pixr8 News

25Sep By AdityaNo Comments

INDIA

India Launched its 1st Green Hydrogen Bus

New Delhi, 25th Sept 2023: In a significant step towards green mobility, India launched its 1st Hydrogen bus at Kartavya Path in Delhi. Running on Green Hydrogen fuel cell, produced using renewable energy, has the potential to play a key role in such low-carbon and self-reliant economic pathways. Green Hydrogen can enable utilization of domestically abundant renewable energy resources across regions, seasons, and sectors, feeding multiple usage streams, either as a fuel or as an industrial feedstock. It can directly replace fossil fuel derived feedstocks in petroleum refining, fertilizer production, steel manufacturing etc. Innovating Mobility: The Power of Fuel Cells Fuel cell technology is emerging as one of the important spokes in the e-mobility paradigm. Hydrogen can be ...

Motherson’s Wiring Open its Plant in UAE

13Sep By AdityaNo Comments

MIDDLE EAST

Motherson’s Wiring Open its Plant in UAE

His Highness Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah, formally inaugurated Motherson’s Wiring facility in the Emirate of Ras Al Khaimah (UAE). The facility is located in Ras Al Khaimah Economic Zone (RAKEZ). Also present at the ceremony were Mr. Vivek Chaand Sehgal, Chairman, Motherson, and Sheikh Mohammed bin Humaid Al Qasimi, RAKEZ Managing Director, along with officials from other local government entities. H.H. Sheikh Saud bin Saqr Al Qasimi said, “In Ras Al Khaimah, we have an integrated strategy to diversify the economy and achieve balanced growth across all sectors in a manner that ensures the sustainable development of our Emirate and adherence to our national objectives. This strategy lends great flexibility to the&n...

Sumitomo Mitsui Launches App for Personal Loan to US Residents

13Jul By AdityaNo Comments

BUSINESS

Sumitomo Mitsui Launches App for Personal Loan to US Residents

TOKYO, July 13, 2023 -- Sumitomo Mitsui Financial Group announced that it has begun providing personal loans to U.S. residents through Jenius Bank, a division of Manufacturers Bank. California based state-chartered bank is a wholly-owned subsidiary of SMBC Group. Jenius Bank creates an opportunity for SMBC Group to deepen and expand its U.S. business, providing scale and growth potential in the U.S. consumer banking market. Starting with a 270-strong workforce, the digital banking service targets some tens of billions of yen (hundreds of millions of dollars) in net profit within 10 years, said Daisuke Tanaka, an executive at the bank's corporate development group. By taking a different approach to conventional banking services, Jenius Bank will operate as a digital bank w...

11Apr By AdityaNo Comments

News

The Iconic Brand “Tupperware” can go Out of Business, Doubt Over its Growth

ORLANDO, Fla., April 11, 2023 ― Leading global consumer products company Tupperware warned that the company could be going out of business due to unsustainable growth and cash crunch. In a regulatory filing Tupperware said that it has engaged with financial advisors to find financing to keep the company in business. Further it said, due to the challenging internal and external business economics, coupled with the increased levels and cost of borrowings under its Credit Facility, the Company currently forecasts that, if it is unable to obtain adequate capital resources or amendments to its Credit Agreement, it may not have adequate liquidity in the near term. As a result, the Company has concluded there is substantial doubt about its ability to continue as a going concern. This goi...

21Mar By AdityaNo Comments

ACQUISITION

Pornhub Acquired by ECP

MONTREAL, March 16, 2023 - Ethical Capital Partners (ECP), a private equity firm announced that it has acquired MindGeek, a technology and media company, owner of a large portfolio of adult entertainment properties, including Pornhub, YouPorn, Redtube, Brazzers, Men.com, Sean Cody, Trans Angels and Nutaku. MindGeek is a dynamic tech company that manages some of the most popular adult entertainment platforms in the world. MindGeek platforms feature the best selection of award-winning adult content and performers, the most extensive collection of high-quality adult videos and the most user-friendly experience for viewers. Pornhub is the world’s premier adult entertainment community, featuring the best selection of award-winning performers, the most extensive...

Remote Screen Access Platform TeamViewer Integrate into Slack

17Nov By AdityaNo Comments

Tech

Remote Screen Access Platform TeamViewer Integrate into Slack

TAMPA BAY, Fla., Nov. 17, 2022 - TeamViewer, a leading global provider of remote connectivity and workplace digitalization solutions, announced a new integration for Slack, the leading collaboration platform for work. It allows users to launch web-based TeamViewer remote access and augmented reality (AR) support sessions from within the Slack environment. "Remote work has impacted the requirements for collaboration and support," says Alfredo Patron, Executive Vice President Business Development at TeamViewer. "Slack has set a new standard in agile team collaboration over the past years and is used by major corporations as well as communities. Embedding TeamViewer remote access and AR support will give our customers even more options to interact and increase producti...

India’s first electric double decker AC bus unveiled by Switch Mobility

19Aug By AdityaNo Comments

Automobile

India’s first electric double decker AC bus unveiled by Switch Mobility

Switch Mobility, the electric vehicle division of Ashok Leyland, unveiled India's first electric double decker AC bus. These buses will replace the existing double-decker fleet of the BEST (Brihanmumbai Electricity Supply and Transport) in Mumbai. As of now, Switch is operating its twin-floor electric AC buses in the UK. Switch India has already secured an order of 200 electric double-decker buses in Mumbai and is looking at a dominant space in the electric double-decker segment, across key regions in the country, the company said. "We already have an order for 200 electric double-decker AC buses in Mumbai. We will deliver 50 of these buses this financial year. Many more cities are discussing with us for these buses," Mahesh Babu, CEO Switch Mobility India and COO at Switch Mobility...

Arab’s first NFTs platform in MENA Launched

28Jun By AdityaNo Comments

MIDDLE EAST, Tech

Arab’s first NFTs platform in MENA Launched

UAE, 29th june 2022: Arab's first NFTs (Non-Fungible Tokens) platform UPYO has been launched on the first of June 2022. The American registered company is considered to be the largest NFTs marketplace in the MENA region. The (CEO) and CO-Founder is Ahmed Alsenan. UPYO has announced the raise of a $1 million seed round led by angel investors from 2020 to start it’s journey to provide first Arab platform and the unique of its kind to trade NFTs (Non Fungible Tokens) in the Middle East. UPYO’s vision is to create a safe, simple, and high-quality platform for trading NFTs in the Middle East in order to inspire the Arab artists to think, create and engage the NFTs marketplace and to feel free to share their magnificent work on top of that to be our user's gateway to interact in the digit...

Lets Talk Leather – Gear Up to Welcome an Unmatched Marketplace in the Leather Industry

2Dec By AdityaNo Comments

Story

Lets Talk Leather – Gear Up to Welcome an Unmatched Marketplace in the Leather Industry

Would you be thrilled if we tell you that, now, you will have an exclusive platform for leather manufacturers, that too targeting the global market? The growth of e-commerce is not hidden from us. Online purchasing has been rapidly expanding and its impact can be seen all across the globe in almost every field. Modern users have already transferred their preferences from physical storefronts to mobile screens, resulting in the exponential expansion of online marketplaces with each passing day. We, at Lets Talk Leather, have drafted a plan to come up with one of the most unique integrated marketplaces that would offer numerous benefits to small as well as large businesses. We are one of the first platforms to come up with an idea that would help expose local leather vendors/manufacturers t...

Parag Agrawal New CEO of Twitter, Jack Dorsey Steps Down

30Nov By AdityaNo Comments

News

Parag Agrawal New CEO of Twitter, Jack Dorsey Steps Down

SAN FRANCISCO, Nov. 29, 2021-- Twitter, Inc. (NYSE: TWTR) announced that Jack Dorsey has decided to step down as Chief Executive Officer and that the Board of Directors has unanimously appointed Parag Agrawal as CEO and a member of the Board, effective immediately. Dorsey will remain a member of the Board until his term expires at the 2022 meeting of stockholders. Bret Taylor was named the new Chairman of the Board, succeeding Patrick Pichette who will remain on the Board and continue to serve as chair of the Audit Committee. Agrawal has been with Twitter for more than a decade and has served as Chief Technology Officer since 2017. "I've decided to leave Twitter because I believe the company is ready to move on from its founders. M...

Bolt acquires Oneclick Payment Platform Tipser

29Nov By AdityaNo Comments

ACQUISITION

Bolt acquires Oneclick Payment Platform Tipser

SAN FRANCISCO, Nov. 29, 2021-- Bolt, a leading checkout and shopper network company has acquired Tipser, the Swedish-based tech company enabling commerce on any digital surface, to realize their shared vision of enabling shoppers to check out immediately at the point of discovery. 84% of shoppers look for insights on at least one social media platform before purchasing, according to Pew Research Center, and 52% of socially-engaged shoppers have initiated a purchase through a social platform, according to Inmar Intelligence. Meanwhile, the creator economy is a booming $104B market, according to CB Insights, and demands better monetization tools to further accelerate growth. While social commerce is still nascent in the history of eCommerce, its adoption has ramped up over the past y...

TruePay Raises $32 Million in One of the Largest-Ever Series A Rounds in Brazil

24Nov By AdityaNo Comments

FUNDING

TruePay Raises $32 Million in One of the Largest-Ever Series A Rounds in Brazil

SÃO PAULO, Nov. 24, 2021-- TruePay, a startup that helps small and medium sized retailers have free and secure access to credit, has raised US$32 million in Series A funding led by Addition. This growth stage investment is one of the largest ever made in Brazil. The funds will be used to improve the solution, increase capacity and expand the team. The startup, which has been growing 100% a month, plans to grow tenfold by the end of 2022. Founded in December 2020, TruePay has clients throughout Brazil and a merchant base in the thousands. "We are very happy to have the trust of some of the best investors in the world as well as the super talented people that we were able to bring on board. A raise like this is a symbol of the impact TruePay will make in the market by delivering ...