India continues to be 3rd in Startup Ecosystem, adds over 1100 start-ups in 2019
Adding over 1,100 start-ups in 2019, India continues to reinforce its position as the third largest start-up ecosystem across the world.
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Indian Billionaire & Wipro founder Azim Premji Set to retire
Wipro founder Azim Premji is set to retire from Wipro, his son will take over his post.
San Jose-based GlobalLogic Looks Forward to Active Acquisitions
San Jose-based GlobalLogic, an engineering services company has reported that it will now actively look forward to acquisitions in cybersecurity, retail, medtech and automotive sector. The idea behind this is to grow to a $2 billion business in the next five years. The IT outsourcing firm is on track to clock $650 million in revenue for the current fiscal and […]
Ed-Tech Startup iNurture Buys Employability Platform KRACKiN
Ed-Tech Startup iNurture, which provides industry-related skill courses has acquired a skill-based student employability platform KRACKiN Technologies Pvt. Ltd.in an undisclosed amount. Post this buyout, Bengaluru based iNurture is looking forward to boosting its network in helping graduates become employable. Ashwin Ajila, the iNurture founder said, While universities and colleges have well-developed metrics to measure […]
Now Its Official! Walmart Acquires 77% of Flipkart for $16 Billion
Walmart. Inc has officially acquired Flipkart for $16 billion in a deal that soared the valuation of Indian e-commerce platform to over $20 billion, making it the biggest e-commerce acquisition ever globally. The brick-and-mortar company acquired 77% of the Indian e-tail business. The news was also confirmed by previous Flipkart investor, Softbank CEO, Masayoshi Son […]
How to File Income Tax Returns, ITR Online in 5 Simple Steps
The Modi Government has been very active in emphasizing the use and inclusion of new and emerging technologies in its digital space for simplifying resource-heavy procedures to trivial tasks like filing the ITR, which was once filled and submitted manually, is now completely online and autonomous. From huge opportunities in the IT Sector to coordinating […]
NITI Aayog Launches Platform For Women Entrepreneurs
NITI Aayog, the policy institute of the Government of India launched the Women Entrepreneurship Platform (WEP) yesterday, to mark the International Women’s Day. This project aims at building a sustainable environment for women across India to realize their entrepreneurial objectives, substantially increase state-of-the-art initiatives and initiate long-term and sustainable business strategies for their companies. The […]
Apollo Hospitals Setting up $100 Million Seedfund For Healthcare Startups
Apollo Hospitals announced a seed fund for healthcare startups in India. The announcement came at the 15th edition of Bio Asia 2018 – Asia’s biggest life sciences and healthcare conference, held in Hyderabad, Telangana. Sangita Reddy, Joint Managing Director of Apollo Hospitals in an interview with Telangana today said, “The total Seedfund investment size will […]
Narayana Murthy Dismissed Threats From Artificial Intelligence, Call it “More Hype than Reality”
Infosys co-founder NR Narayana Murthy has flayed the high wage hikes that senior managements have been apportioning to themselves when the software industry is in trying times and has advised them to make “sacrifices” to maintain common mans faith in capitalism. Conceding that times are difficult for the IT services sector, Murthy dismissed the commonly […]
2018 Will Be A Better Year For Indian IT: Report
With the US economy doing well, Indian IT companies can look forward to a better year in 2018 on the back of growing tech spend and demand from clients, according to senior industry figures. Noting that the largest market for Indian IT companies is the US, former CFO of Infosys V Balakrishnan said their ability […]
Artificial Intelligence Startup ParallelDots Raises $1.4 Mn Funding
Artificial Intelligence and deep learning startup ParallelDots has recently raised $1.4 million (around Rs 9.1 crore) in a fresh round of funding from its existing investor Multipoint Capital LLC. Delaware, US and Gurgaon, India based AI startup was founded in January, 2014 by Angam Parashar along with Ankit Narayan Singh and Muktabh Mayank and incubated at TLabs, […]
Top 10 Indian Startups That Failed In 2017
Yes, startups fail, but entrepreneurs don’t! This is an undeniable fact. 2017 has seen some of record breaking fund raisings and set new milestones for the ecosystem; not to forget Flipkart’s $2.5 billion funding from SoftBank Group. If we look at the report by Institute for Business Value and Oxford Economics, it highlights that more […]