Author: Khushi Mundra

New Delhi: Go Zero, an innovative ice cream brand committed to offering guilt-free delight, has secured USD 1 Million in its pre-Series A funding round. The round was led by DSG Consumer Partners, Saama, and V3 Ventures, with participation from angel investors Shantanu Deshpande, CEO of the Bombay Shaving Company; Arjun Purkayastha, Regional – Head Greater China, Reckitt Benckiser; Nikhil Vora, Founder & CEO, Sixth Sense Ventures; Krishi Fagwani, CEO, Thrive; and many other notable founders and CEOs. Founded by Kiran Shah, the brand’s diverse product portfolio comprises zero-sugar, high-protein, and low-calorie ice creams. Go Zero possesses the potential to establish…

Bangalore: Open Network for Digital Commerce (ONDC), an organization dedicated to democratizing e-commerce across domains, and Dhiway, a leading provider of enterprise Web 3.0 technologies, have signed a Memorandum of Understanding (MoU) to collaborate on establishing an interoperable distributed ledger network as a scoring repository. The MoU establishes a framework for cooperation between the two parties to leverage Dhiway’s expertise with support and guidance from ONDC in building open, secure, and transparent digital ecosystems using CORD, an open-source, layer-one distributed ledger framework.  The Network is envisioned as a decentralized, open and interoperable infrastructure that will facilitate trust and reliability in the…

New Delhi: India’s smartphone market experienced a decline of 10 per cent YoY (year-over-year) in the first half of 2023, shipping a total of 64 million units, as stated in a report released by the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker. The market shipped 34 million units in the second quarter of 2023, up 10% over the first quarter but down 3% year over year. Vendors and channels were said to have concentrated on eliminating inventory in the second half of the year before the holiday season by offering discounts, special deals, and price reductions. The average…

Pune: COWRKS, a distinguished provider of premium managed workplace solutions in India, opens its new centre in Pune. Strategically located in the business district of Baner, the new centre boasts a spacious and thoughtfully designed workspace featuring a blend of open areas, private offices, dedicated desks, and meeting rooms. Spread across 54,541 sq. ft. and offering 678 desk spaces, the centre is conveniently located near the metro and social infrastructure.   COWRKS has always been an innovator and pioneer in managed and flexible workspace solutions that cater to the ever-evolving needs of today’s businesses. Whether businesses prefer a hassle-free plug-and-play experience with…

New Delhi: According to data from the Telecom Regulatory Authority of India (Trai), Vodafone Idea’s rate of user churn accelerated in April and May. This trend is reflected in the market share that the business has been losing for 26 straight months. Vodafone Idea lost its market share in all 22 circles to peers Reliance Jio and Bharti Airtel in May. Till some time back, the company was able to maintain its market share in a few rings of Himachal Pradesh, UP (West), UP (East), North East and Madhya Pradesh. However, even those have started seeing weakness now. Two years…

New Delhi: In Q1FY24, SKF India recorded an increase in operating revenue of 9% YoY to Rs 1149.6 crore from Rs 1054.7 crore in the corresponding period of the previous fiscal year. A stable price mix and realization drove a substantial revenue increase. After deducting Income Tax Expenses, its profit has come in at Rs 154.53 crore, up 26 per cent from Rs 122.35 crore in Q1FY23, on the improved mix, lower cost level and portfolio management. The company is betting on localization and creating value for its employees, environment and communities. It is investing in employees to help them…

New Delhi: According to brokerage Bernstein’s most recent analysis released on Wednesday, Reliance Industries’ retail division, Reliance Retail, is now worth almost twice as much as its oil-to-chemicals (O2C) division. The firm estimates that its retail operation is worth $112 billion, nearly twice as much as its O2C sector, valued at $57 billion. The telecom division of the company, Jio Platforms, is valued at $77 billion by the research firm, while the renewable energy division is worth $17 billion. The expansion of offline stores, JioMart and new commerce, collaborations with regional Kirana stores, projected margin improvement from scale, and the…

New Delhi: A new open-source AI tool called audioCraft has been made available by Meta. According to the manufacturer, this programme lets seasoned artists and regular people generate audio and music using straightforward text prompts. MusicGen, AudioGen, and EnCodec are the three models that makeup AudioCraft. MusicGen can create music from text inputs and be trained using Meta’s music library. On the other hand, audioGen is skilled at creating sound effects for the general public and can produce audio from text inputs. The Encodec decoder has also been upgraded, enabling music creation with higher quality and less undesired artefacts. Users…

New Delhi: Sangeetha Mobiles, a leading multi-brand retail chain of mobiles and electronics, has joined the Open Network for Digital Commerce (ONDC). They have joined as a seller through SellerApp, which is a Marketplace Seller Network Participant on the ONDC Network. With the help of SellerApp, Sangeetha Mobiles’ catalogue including mobiles, laptops, accessories etc. is now discoverable by buyers across India through buyer apps on the ONDC network. Sangeetha Mobiles has 800+ stores nationwide with a significant presence in South Indian states. They claim to have a delivery timeline of 2 hours within the serviceable locations. Onboarding onto the ONDC…

Mumbai: Soujanya Group., a technology‐driven, global, innovative Colorant, Life Sciences & Specialty Chemicals conglomerate, has today announced that it will be soon inaugurating a state-of-the-art Research & Development (R&D) Center and pilot plant at its four-acre campus in Navi Mumbai. The facility will be built in accordance with the “Current Good Manufacturing Practice’ (cGMP) standards. The R&D Center will accelerate the product and process development for Soujanya Lifesciences, a new company division that manufactures and delivers niche Active Pharmaceutical Ingredients (APIs) and intermediates for the Pharmaceuticals and Agrochemicals market.  Speaking on the new development, Priyamvada Bhumkar, Promoter & MD, Soujanya…