Author: Rahul Mehra
News Editor

New Delhi: The Internet and Mobile Association of India (IAMAI) announced on Thursday that Harsh Jain, the Co-founder and CEO of Dream11, has been elected as the Chairman of the association following the governing council election. Jain takes over the position from Sanjay Gupta, the Vice-President and Country Manager of Google India. Harsh Jain’s tenure as Chairman will span two years. He holds an engineering degree from the University of Pennsylvania and an MBA from Columbia Business School, showcasing his strong educational background and expertise in the field. In addition to the election of Harsh Jain as Chairman, two other prominent…

Mumbai: Ecofy, India’s green-only NBFC that is committed to resolving the climate finance gap in the Indian retail sector, joins forces with Tata Power Solar Systems Ltd, India’s largest integrated solar energy company that is on a mission to usher a comprehensive solar revolution across the country. The partnership will help in financing solar solutions like solar rooftops, EPC services, and other innovative solar products for new-age customers that are consciously adopting sustainable and natural modes of energy. Targeting 100Cr Financing for Rooftop Solar during FY24 This partnership will contribute to expediting the initiative for a cleaner energy transition This partnership…

New Delhi: India’s leading egg-focused consumer brand, Eggoz, has launched a nationwide online campaign to spread awareness of the status of the current egg industry and the importance of choosing farm-fresh and chemical-free eggs for a healthy diet. Through the campaign, Eggoz is educating its wide range of customers on what a fresh egg looks, feels, and smells like. For years, Eggoz has established itself as the most trusted brand for fresh eggs with the promise of providing 1-day farm fresh eggs, which undergoes 11 steps of safety checks. All Eggoz eggs are herbal hen-fed, which alludes to its promise…

New Delhi: NRI investor Rajiv Jain’s investment firm, GQG Partners, has shown confidence in the Adani Group by increasing its stake by approximately 10%. Despite the stock rout led by Hindenburg, GQG Partners made a contra call and invested over Rs 15,000 crore in Adani stocks at their peak. The value of GQG’s Adani holdings is estimated to be close to $3.5 billion. Jain expressed his long-term vision for the investment: “Within five years, we would like to be one of the largest investors in Adani Group, depending on the valuation, after the family.” He further added that GQG would…

New Delhi: Ashok Leyland Ltd, the second-largest commercial vehicle manufacturer in India, has revealed its plans to invest up to ₹1,200 crores in Switch Mobility during the current fiscal year. This investment aims to meet the capital requirements of the electric vehicle unit, as the company’s external fundraising efforts have experienced delays. Dheeraj Hinduja, the chairman of Ashok Leyland, made this announcement. After evaluating the plan last year, Switch Mobility has decided against establishing a new factory. Instead, the company will utilize Ashok Leyland’s existing facility to manufacture its products. As a part of this arrangement, a portion of the investment…

New Delhi: Disney is currently undergoing its third round of job cuts, resulting in significant losses for its employees. Over 2,500 staff members are expected to be affected by these layoffs, which were announced by Disney CEO Bob Iger. While the specific divisions impacted have not been disclosed, it is anticipated that this third wave of job cuts will be completed by the end of this week, bringing the total number of job losses to over 6,500. This is approaching the previously announced target of 7,000 reductions. It is worth noting that as of October 1, Disney had a global…

New Delhi: Bitget, the world’s largest crypto copy trading platform, has teamed up with Octaloop, a blockchain consulting firm, to organize a series of educational events called the ‘India Learns Crypto’ roadshow. The roadshow aims to enhance awareness and understanding of cryptocurrency trading in six major cities across India. The events, scheduled to take place from May to July, are part of the broader India Blockchain Tour, which seeks to empower and inspire the younger generation to embrace Web3 and crypto tools. The ‘India Learns Crypto’ roadshow will feature prominent industry experts and thought leaders who will share valuable insights and…

New Delhi: LegalPay, India’s first and largest litigation financer, is breaking into the world of sports law disputes. In a first, the company has announced the launch of a $3 million fund for sports disputes with a focus on supporting the rights of athletes in India while also addressing disputes pertaining to broadcasting rights, endorsement & advertising aiming to boost the sports industry. With a tenure of four years, the sports-focused fund has no limit on the ticket size. Over the past decade the sports industry in India has evolved with the advent of major sporting leagues like IPL, ISL,…

New Delhi: Tata Consultancy Services (TCS) and its consortium partners have secured a significant contract worth Rs 15,000 crore from Bharat Sanchar Nigam Limited (BSNL) to implement a state-of-the-art 4G network for the government-owned telecommunications company. TCS, India’s largest software exporter, confirmed this achievement through a statement, revealing that they have received an “advance purchase order” from BSNL. This announcement comes after months of speculation, with TCS being considered the frontrunner for the contract. The negotiations and preparations for this deal have been ongoing for several months, making this a highly anticipated development in the industry. BSNL, which offers fixed…

New Delhi: Logistics company Delhivery has recently made an investment in Vinculum, a software-as-a-service (SaaS) company focused on direct-to-consumer (D2C) operations. The investment marks the first phase of a potential two-stage deal, allowing Delhivery the option to increase its shareholding in Vinculum after a six-month period. The financial specifics of the transaction have not been disclosed by either company. This investment is expected to bolster Delhivery’s position as a prominent logistics solutions provider in the D2C segment. Both Delhivery and Vinculum aim to collaborate and develop an integrated stack of services to address the diverse post-purchase requirements of D2C brands.…