Author: Priyanka Chauhan

New Delhi: Indian auto parts maker Samvardhana Motherson International (SMIL) announced to buy of a majority stake in Japan-based auto-part maker Yachiyo Industry’s four-wheeler business from Honda Motor Co to expand its product range. Yachiyo makes automobile parts like fuel tanks, resin products and sunroofs. For a 100% stake in Yachiyo, the transaction is valued at 22.9 billion Japanese yen ($158.54 million), SMIL said. Currently, Honda owns a 50.4% stake in Yachiyo. Honda will first buy out the entire public stake in Yachiyo via a tender offer and retain Yachiyo’s two-wheeler business as part of the transaction. In Yachiyo’s four-wheeler business,…

New Delhi: Commerce and Industry Minister Piyush Goyal said the government will always act as a facilitator to strengthen the start-up ecosystem and not act as a regulator. He said stakeholders of this ecosystem would do self-regulation.  While addressing the Startup20 summit, the minister stated that the message should be conveyed from here is the joint commitment of all the 22 countries, who have participated, that the governments will not attempt to impede the work that start-ups are doing.  He further said the best way is to be out of the start-ups ecosystem, adding that the government is not expected to…

New Delhi: Greenfuel Energy Solutions, India’s leading provider of clean mobility solutions, obtained AIS 156 (Amendment 3 Phase 2) certification for its premium range of lithium-ion batteries. The ICAT certification confirms that the batteries meet the latest quality, safety, and reliability standards. Greefuel batteries provide long-lasting, reliable performance and are available in commonly used lithium-ion chemistries LFP (Lithium iron Phosphate) and NMC (Nickel Manganese Cobalt). Greenfuel batteries have always maintained the highest level of safety standards. By adhering to the AIS 156 standards, Greefuel reinforces its commitment to providing high-quality, reliable battery solutions for two- and three-wheelers. The certification ensures…

New Delhi: Global asset management firm, Varanium Capital, announced the first close of its maiden venture debt fund worth Rs 250 crore. Through a mix of revenue-based financing and traditional venture debt, the fund would provide financing to 100 early and growth-stage startups in India. Varanium Capital manages nearly $1 billion of assets across the asset classes, including portfolio management services (PMS), venture capital funds and structured debt. “Venture debt fund will provide financial backing to start-ups in sectors such as D2C (Direct-to-consumer), SaaS (Software as a Service), B2B commerce and fintech, who required to scale their operations,” said TS…

New Delhi: Instoried, the world’s first to launch AI-based content analysis, has announced Cathie.ai, the world’s first AI-based Video Generation and Analysis Tool. With Cathie, users can analyse existing videos and quickly generate videos using text prompts.   Cathie’s Video Generation tool lets users create quick videos based on text input. In a feature akin to ChatGPT, the tool automatically analyses the text input provided to create seamless, high-quality videos based on the content. Cathie’s tool is ideal for Digital marketers, content creators, and educators in creating highly impactful short videos driven by narrative.   Cathie’s Video Analysis tool lets users automatically tag…

Introduction Zero-fee trading platforms have brought about a revolutionary shift in the financial industry, transforming how people invest and trade. These platforms eliminate the need for traditional brokers and open up new opportunities for individuals to participate in the financial markets. From cost savings to accessibility and innovative features, these platforms are redefining the way we approach investing and democratizing financial opportunities for all. This article explores ten game-changing aspects of zero-fee trading platforms that are reshaping the investment landscape and empowering investors. Elimination of Brokerage Fees One of the most significant advantages of a zero-fee trading platform is eliminating…

New Delhi: To address the increasing demand for rooftop solar requirements in India, emerging solar tech startup Loom Solar and a leading manufacturer of high-quality solar panels and lithium batteries, today announced to offer full scale and the widest range of solar solutions for residential, commercial and industrial purposes. Loom Solar has TOPCon solar PV modules with one of the highest efficiencies at 22.5% in its class and technologically advanced solar products, including Shark series – Mono-facial and bifacial, DCR solar panels, solar inverters (on-grid and hybrid) and lithium batteries, making it a complete and end to end solutions provider to…

New Delhi: An Indian crypto company, CoinDCX, has partnered with KoinX, a crypto taxation platform. The partnership aims to provide an infrastructure enabling users to file taxes. As a part of this collaboration, traders and investors on the CoinDCX platform will have access to KoinX’s crypto tax calculation and reporting.   According to the reports, users will gain access to tax calculation services, portfolio insights and tax reports in an interface by paying a nominal fee. Users of CoinDCX will reportedly be able to connect exchanges and wallets to the KoinX platform and track their tax computation on the CoinDCX exchange.   This…

New Delhi: Ahmedabad prepares to welcome, buzz and emerge Save Earth Mission’s take-off with anticipation as the team and the city collaborate to host an upmarket gala that is looking forward to captivating the world with its powerful message of environmental preservation.  The Save Earth Mission’s take-off event is scheduled for July 6 2023, which shall grace the lands of Gujarat with diverse global ethnicity. It highlights its aim to launch the official inception of a “superhero” who has been heralded as the saviour of our planet, as said by the team with a glimpse of surprise. This theme aspires the…

Pune: InfoVision Inc, a leading global digital services company headquartered in Dallas, is delighted to announce the appointment of Shreeranganath Kulkarni (SK) as its new managing director. SK brings a wealth of knowledge and expertise with 37+ years of diverse experience in growing successful businesses. Before stepping into his role at InfoVision, SK held several key positions. He served as the chief operating officer at Birlasoft, technology delivery head for financial services at Accenture, Pune center head and head of financial services at Cognizant, and the Pune center head and healthcare lead at Infosys. His extensive background in the IT industry,…