Author: Ansh Singh

Surat: The Wadhwani Foundation celebrated a groundbreaking success at the prestigious 21BY72 Startup Summit 2024 India, which took place on June 15th and 16th, 2024, at Avadh Utopia, Gujarat. The Foundation made a significant impact at the event, demonstrating its unwavering commitment to empowering startups and driving economic growth in India. At the event, the Wadhwani Foundation made a lasting impact as its booth (G-4) attracted a vibrant crowd of aspiring entrepreneurs and established startups from across Gujarat. Attendees eagerly engaged with the Foundation’s team, learning about its comprehensive suite of initiatives and programs designed to fuel startup growth and…

Mumbai: Mr. Sanjaya Mariwala, has taken over as the new President of the IMC Chamber of Commerce and Industry (IMC). He succeeds Mr. Samir Somaiya, who has completed his tenure. With a distinguished career spanning over four decades, Mr. Mariwala brings a wealth of experience and expertise to this new role. He is the Executive Chairman and Managing Director of OmniActive Health Technologies Ltd, with a controlling shareholding of TA Associates. OmniActive is one of the leading nutraceutical ingredients manufacturing companies globally. He has made significant contributions in several industries through management and board roles. Bombay Oil Industries Ltd, Kancor Ingredients,…

New Delhi: A doctor in Mumbai fell victim to a stock market scam, losing ₹7 lakh after being tricked by a deepfake video of industrialist Mukesh Ambani on Instagram. According to the victim, the scam began with a fake video of Mukesh Ambani that led her to believe in the legitimacy of the scheme. As a result, she ended up losing over ₹7 lakh. The incident was reported to the Mumbai Police, who have registered the case under sections 419 and 420 of the Indian Penal Code (IPC) and section 66(D) of the IT Act, as per ANI reports. In…

New Delhi: Zepto, a Mumbai-based 10-minute delivery app, has raised an impressive $665 million in a Series F funding round, boosting its valuation to $3.6 billion from $1.4 billion within a year. This funding round, which was “highly oversubscribed,” was co-led by Glade Brook, Nexus, and StepStone Group, with participation from Avenir, Lightspeed, and Avra, as well as existing investors Goodwater, Lachy Groom, and Contrary. DST Global, an early investor in Swiggy, a competitor of Zepto, also co-led the round, though Zepto did not confirm this participation. Zepto operates in the quick commerce sector, delivering a range of products from…

New Delhi: SwopStore, a leading e-commerce optimization platform, has successfully partnered with Bombay Shaving Company, resulting in a significant revenue surge of approximately Rs 45, 00,000. This collaboration has also seen Bombay Shaving Company’s monthly conversion rate rise from 8% to 20%, solidifying their position as a frontrunner in the competitive grooming industry. SwopStore’s strategic interventions, leveraging advanced analytics, targeted marketing strategies, and enhancements to user experience, have played a pivotal role in boosting Bombay Shaving Company’s market presence and profitability. Ayush Gupta, CEO and Co-Founder of SwopStore, expressed his excitement about the partnership, stating, “We are thrilled to have…

New Delhi: Thierry Delaporte, the former CEO and managing director of Wipro, earned over $20 million (approximately Rs 166 crore) in FY24, making him the highest-paid CEO in the Indian IT sector for the second consecutive year. Wipro reported incurring severance-related expenses of Rs 92.1 crore for the departing CEO in FY24. Delaporte stepped down on April 6, with Srinivas Pallia, a Wipro veteran of 32 years, succeeding him. According to Wipro’s 20-F filings with the US Securities and Exchange Commission, Delaporte’s earnings for FY24 included over $3.9 million in salary and allowances, more than $5 million in commission/variable pay,…

With India’s recent elections over and a new government in place, Meta has lifted its ban on election-related queries for its Meta AI chatbot. Meanwhile, Google still has restrictions on these types of queries worldwide. Meta’s Approach: Meta’s decision means you can now use Meta AI to find information about India’s election results, politicians, and officeholders. TechCrunch tested it and confirmed Meta AI provides answers on these topics. Earlier, during the elections starting in April, Meta AI would direct users to the Election Commission’s website for any political information. At that time, a Meta spokesperson explained, “This is a new…

New Delhi: Two years ago, a Fisker Inc. employee shared concerns that went beyond whether their Ocean SUV would be built. Fisker had contracted Magna, a respected car maker, to handle production, making the ambitious November 2022 start date seem possible. However, the employee was more worried about Fisker’s ability to manage the problems that come after the car hits the road. The focus seemed to be on building the car, not on building the company. This concern echoed a previous failure by Fisker founder Henrik Fisker. His earlier company, Fisker Automotive, managed to release a hybrid sports car but…

New Delhi: Gautam Solar, a leader in Indian Solar Panel Manufacturing is going to showcase Next-gen N-type TOPCon Solar Panels at Intersolar Europe 2024 to be held in Munich, Germany from 19th to 21st June, 2024. Gautam Solar’s latest line of Solar Panels is available in power range of 580 Wp – 590 Wp and feature 144 Half-Cut Cells with maximum efficiency up to 22.84%. Visitors at Messe München Centre can visit Booth No. A1.509 to experience the cutting-edge Solar Panels on display. Using a combination of pioneering German Technology (N-type TOPCon technology was first developed by Fraunhofer ISE) and…

New Delhi: Google has launched its AI-powered Gemini mobile app in India, more than four months after it first came out in the U.S. This app supports nine Indian languages, including Hindi, Bengali, Gujarati, Kannada, Malayalam, Marathi, Tamil, Telugu, and Urdu—along with English. Users can interact with the AI in these languages by either typing or speaking, as announced on Tuesday. The Gemini app in India is powered by Gemini 1.0 Pro by default, but users can opt for a premium version to access the Gemini Advanced experience. This advanced version, based on Gemini 1.5 Pro, features a 1 million…