Author: Priyanka Chauhan

Bengaluru: DrinkPrime, the IoT-enabled customized water purifier on subscription, has been acknowledged as one of the Top Online Rental Tech Startups in Tracxn’s ‘Emerging Startup Awards 2023’. DrinkPrime has been recognized under the ‘Minicorns’ category – early-stage companies that have the potential to be unicorns in the long term. This esteemed recognition affirms DrinkPrime’s position as a rapidly growing disruptor in the 30-year-old industry and highlights its commitment to providing innovative solutions that enhance the lives of its subscribers. Tracxn’s selection process involves various parameters like market size, investment by marquee investors, execution excellence and future growth prospects. Backed by…

New Delhi: According to reports, Fedi’s CEO, Obi Nwosu, expressed his belief that Bitcoin will dominate the cryptocurrency market by the end of 2023. Speaking at the Bitcoin event held in Miami, Nwosu, who co-founded Fedi, a Bitcoin community custody protocol offering alternative solutions for those who distrust centralized exchanges, emphasized the numerous advantages of Bitcoin. He stated that it is becoming increasingly difficult to deny that Bitcoin possesses the fastest, cheapest, easiest, most decentralized, and most secure ecosystem. Nwosu further elaborated on the potential of Bitcoin, highlighting its ability to provide safe and well-designed solutions. He mentioned the possibility of…

New Delhi: Rajeev Chandrasekhar, Minister of State for Electronics and Information Technology, announced that India is projected to become one of the top three global economies by 2026-27, with the digital economy playing a pivotal role in this growth. During an event, the minister highlighted that India is poised to surpass Japan and Germany in terms of economic size in the near future. To facilitate this economic transformation, the Indian government aims to foster a one trillion dollar digital economy by 2025-2026. This ambitious target will serve as a catalyst for nurturing an entrepreneurial culture within the country as an…

Ahmedabad: Magma, Asia’s leading B2B Manufacturing platform that enables factories to go global, has announced that it closed its first operational year with annualised revenue run rate of INR 200 crore. The company has emerged as a leading player, having partnered with over 100 industries in a span of just one year. It boasts strategic tie-ups with the Ceramic, Polypack, and Energy Association of India to bolster the growth of the SME manufacturing ecosystem. Expecting to double growth this financial year Acquired more than 100 industries in the last 6 months Expanded operations across 12 states in India Magma works with…

New Delhi: TechnipFMC, a prominent technology provider in the traditional and new energies industry, has committed a substantial investment of USD 150 million (Rs 1,250 crore) to establish its software Global Delivery Centre and Precision Engineering Manufacturing Facility. This initiative has been warmly welcomed by Telangana Minister for IT and Industries, K T Rama Rao, who is presently touring the United States to attract investments to the state. According to a tweet by Rao, this development is expected to generate approximately 2,500 employment opportunities in the field of engineering, along with 1,000 jobs in the manufacturing facility. Expressing his delight,…

New Delhi: According to reports, Microsoft’s Chief Marketing Officer (CMO), Chris Capossela, has addressed employee concerns about the lack of pay raises by emphasizing the significance of the company’s stock price. Capossela informed employees that the stock price is the most crucial factor for determining compensation upside for almost all employees. Fortune reported that Capossela conveyed in a message to employees that exceptional quarterly results contribute to making the stock more appealing, which ultimately leads to an increase in everyone’s total compensation. Capossela also mentioned that Microsoft continues to invest heavily in its workforce and data center capacity, with the aim…

New Delhi: Instagram, a social media platform owned by Meta, is preparing to challenge Twitter, which is currently run by Elon Musk. They are developing a micro-blogging text platform similar to Twitter, expected to be launched by the end of June. The platform, currently codenamed P92 or Barcelona, aims to provide a space for conversations through text-based communication. According to reports, the new Instagram app description states, “Say more with Instagram’s new text-based app for conversations. Talk directly with your audience and peers.” The app will allow users to create posts using text and include links, photos, and videos. It also…

New Delhi: The Securities and Exchange Board of India (SEBI) is aiming to establish greater regulatory certainty and consistency in compliance among listed entities by proposing changes to the current definition of unpublished price sensitive information (UPSI). SEBI has observed instances where information or events that should have been classified as UPSI were not appropriately identified by the listed entities. In a consultation paper, SEBI suggested amending the current UPSI definition to include the necessary disclosures mandated by Regulation 30 of LODR (Listing Obligations and Disclosure Requirements). SEBI has found that the judgement exercised by listed entities in determining whether an…

Mumbai: Darknone Global Inc., the pioneering cybersecurity powerhouse headquartered in Israel, has announced the launch of Indian operations with serial entrepreneur – Mr. Pankajj Ghode as the CEO. Darknone Global would launch its global marketplace – Hacckers: The Zenith of Global Hacker Marketplace, a revolutionary security platform propelled by the ingenuity and brilliance of 1,500 + hackers from across the globe. Among the illustrious clientele that Darknone serves are esteemed governments, including Israel, UAE, Malaysia, and Singapore, as well as heavyweight tech titans. Darknone has spearheaded the development of a resilient global network comprising expert hackers, with its headquarters firmly…

New Delhi: Private equity firm Everstone Capital is planning to divest its nearly 41% stake in Restaurant Brands Asia, previously known as Burger King India, according to sources familiar with the matter. Discussions are underway with two other private equity firms, Advent and General Atlantic, regarding the purchase of Everstone’s stake in the company. There have been speculations that Jubilant FoodWorks is also interested in acquiring the stake. However, when approached for comment, Jubilant FoodWorks dismissed these rumours as baseless. Restaurant Brands Asia declined to provide any comment on the matter, while Advent and General Atlantic were unavailable for immediate…