Author: Ansh Singh

Mumbai: Holani Venture Capital Fund, an SME-focussed fund promoted by a renowned name in the investing realm, The Holani Group, has received a communique from the Securities and Exchange Board of India (SEBI) for registration of its Alternate Investment Fund, enabling it to operate as an Equity Fund house. This landmark communication marks a significant milestone for the Holani Group, signalling its foray into the realm of fund management and investment. Holani Venture Capital Fund to capitalize on investment opportunities within the SME sector.  The company’s focused approach and deep understanding of the SME landscape enable it to identify promising businesses…

New Delhi: A survey of 1000+ Micro, Small, and Medium-sized (MSME) Entrepreneurs was conducted by a management consulting firm named Stratefix Consulting, holding more than 12 years of extensive experience in the field of HR Consulting. Core Objective of Survey: This Market survey was designed and executed to map the present understanding and clarity about the role of the HR Department from the angle of MSME Entrepreneurs. Important Topics covered under this survey from the perspective of MSME Entrepreneurs: Top Most 2 important roles of an HR Department Is the thinking and focus of the HR department more inclined towards the employees and less towards the…

New Delhi: Gurugram-based start-up community builder and accelerator PedalStart, in collaboration with reputed venture capital firm FAAD Network, has announced the launch of their latest collaborative initiative  a first-of-its-kind, sector agnostic cohort named ‘Gear One’ designed to accelerate and empower the entrepreneurial journeys of early-stage start-up founders in India. As a part of this exclusive cohort-based online program, 5 early-stage startups shall be selected, who will be gaining access to high-quality mentorship and acceleration support, game-changing resources, lucrative networking opportunities, supportive community, and last but not the least, guaranteed angel funds to supercharge their entrepreneurial journeys from the idea validation/proof-of-concept (POC) to the minimum viable product (MVP) stage. Notably, each start-up that…

Noida: Counsel India hosted a Mental Health Awareness Program. At that event, they invited a Chief Guest DR, Subshah Gupta, who is Chairman of the Red Cross Society. Counsel India honoured him with a Shawl and a pot. Which a convocation ceremony was organized and joined hands with educational institutions, corporations, and NGOs to work together at ground zero in Arunachal Pradesh for the mental well-being of society. The event was started by a panel discussion with the heads of educational institutions, human resource professionals, mental health experts, and NGOs. The event was made better by the creative ideas and the…

New Delhi: WhatsApp has been experiencing a widespread outage, affecting users globally on both mobile and web platforms. Numerous individuals have reported issues with sending messages, as indicated by a clock icon next to unsent messages. The problem started around 11:40 PM IST, and reports have been mounting on DownDetector, a real-time outage tracking website. Although there were no initial mentions of server-related problems on Meta’s status page, it has since been updated to acknowledge the ongoing issues. The WhatsApp Business API Status has also been updated, citing “Major disruptions: Cloud API.” According to the error message, there is an…

New Delhi: E2E Networks, one of the largest India-based NSE-listed accelerated Cloud Computing platforms, has been ranked as a top IaaS provider globally by G2’s Spring 2024 rankings. This is a significant achievement for the New Delhi-headquartered company, as G2, the world’s largest and most trusted software marketplace, compiles this ranking based on crucial parameters such as customer satisfaction, market share, seller size, and social impact. The ranking, released in the last week of March, places E2E Networks in the esteemed company of peers like Google Compute Engine and Amazon EC2 within the “Infrastructure as a Service” (IaaS) category. According to…

New Delhi: Byju’s, the edtech company, has initiated a round of layoffs, reportedly contacting affected employees via phone calls and terminating them without putting them through a performance improvement plan (PIP), as per sources cited by Moneycontrol. It’s noted that the company isn’t requiring employees to serve a notice period either. This recent wave of layoffs is estimated to affect anywhere between 100 to 500 employees, particularly impacting the sales function of the company. Over the past two years, Byju’s has reportedly let go of over 10,000 employees, amidst challenges such as financial constraints and legal disputes with investors and…

New Delhi: Infosys, a prominent IT corporation, disclosed that it had received a tax demand totalling ₹341 crore from the Income Tax department for the assessment year 2020-21. The demand, comprising interest, was issued under Sections 201 and 201(A) of the Income Tax Act, 1961, by the Government of India. Infosys is presently evaluating the impact of this directive on its financial statements for the quarter and fiscal year ending March 31, 2024, and is contemplating appealing against it.  Additionally, a subsidiary of Infosys has been instructed to refund ₹15 crore for the assessment year 2014-15 under Section 154 of the Income…

New Delhi: Vijaypat Singhania, the former head of Raymond Group, has dismissed rumors of a reconciliation with his estranged son, Gautam Singhania, despite a recent viral photo showing them together. In an exclusive interview, Vijaypat Singhania clarified the circumstances surrounding the widely circulated photograph. He disclosed that Gautam had invited him for a brief meeting ostensibly for a cup of coffee. “Gautam Singhania’s assistant persistently urged me to visit their residence. Despite my initial reluctance, I eventually agreed. However, it became apparent that the purpose was to capture a photograph of us together,” Vijaypat Singhania explained. The image, shared by…

New Delhi: Vedanta, a prominent mining conglomerate, has unveiled plans to inject over $6 billion (₹50,000 crore) across various sectors such as aluminium, zinc, iron ore, steel, and oil and gas, with the aim of boosting annual EBITDA by at least $2.5 billion (₹20,750 crore), as per reports. The company has disclosed a comprehensive pipeline comprising more than 50 active projects and expansions geared towards fostering growth. These initiatives are anticipated to generate incremental revenue exceeding $6 billion. Additionally, Vedanta forecasts an uptick in EBITDA from an estimated $5 billion in the ongoing fiscal year ending March 31 to $6…