Author: Rahul Mehra
News Editor

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.…

New Delhi: Magic Leap’s CEO, Peggy Johnson, is set to deliver a captivating discussion on the future of augmented reality (AR) at the Hardware Stage during TechCrunch Disrupt 2023. Taking place from September 19 to 21 in San Francisco, this event promises to be an exciting platform for industry leaders to share their insights. In late 2020, Johnson assumed the role of CEO at Magic Leap and spearheaded the company’s strategic shift away from targeting the consumer market. Recognizing the limited affordability of their mixed-reality headset, priced at $2,300, Magic Leap decided to focus on the enterprise market, where deeper…

New Delhi: According to Reuters, Minister of Electronics and Information Technology Rajeev Chandrasekhar has confirmed that Tesla is seriously considering establishing a manufacturing base in India. Recently, top executives from the electric vehicle company visited India to meet with government officials and discuss the potential setup of manufacturing operations in the country. During their meetings, Tesla officials also engaged in conversations about incentives for car and battery manufacturing with Indian authorities. Minister Chandrasekhar stated, “They [Tesla] are very seriously looking at India as a production and innovation base.” This marks the first official comment made by an Indian government representative regarding…

Pune: SG Analytics (SGA), a renowned Global Insights and Analytics company, has appointed Sidhartha Shishoo as Chief Operating Officer (COO) to bolster its senior leadership team and drive the company’s expansion efforts. Sidhartha Shishoo brings with him a wealth of experience, having served in various leadership roles and cultivating a strong organizational culture that fosters highly productive and engaged global teams. With over 25 years of experience, including over 20 years at GE/Genpact, Sidhartha has demonstrated expertise in impactful leadership positions such as P&L management, client account leadership, transformation initiatives, talent development, mergers & acquisitions, and building high-performing teams. Prior to…

New Delhi: BharatPe, a prominent fintech platform, recently announced the appointment of Sandeep Indurkar as its Chief Business Officer – Banking and Alliances. In his new role, Indurkar will be responsible for overseeing the profit and loss (P&L) of BharatSwipe, the company’s point-of-sale (POS) business. He will also lead the rollout of BharatPe Speaker across various markets and spearhead the partnership with Unity Bank, as well as the non-banking financial company (NBFC) partners of BharatPe. Expressing his enthusiasm for the position, Sandeep Indurkar emphasized his commitment to strengthening the market presence of BharatSwipe and Speaker. He expressed his eagerness to establish…

New Delhi: One of the leading fashion brands worldwide, Shein, is preparing to make a comeback in the Indian market through a collaboration with Reliance Retail, according to industry sources. Shein had previously ceased operations in India in June 2020 due to the Indian government’s ban on Chinese apps following the clashes in Ladakh’s Galwan Valley. The partnership between Shein and Reliance Retail is expected to involve the establishment of offline stores as well as an online presence, potentially on Reliance Retail’s Ajio platform. As part of the collaboration, Shein is likely to source fabrics for its global and local…

New Delhi: TE Connectivity (TE), a renowned global leader in connectivity and sensors, has joined hands with the Bangalore Chamber of Industry and Commerce (BCIC) Start-up Hub to introduce its inaugural accelerator program in India. This program aims to foster and expedite the growth of start-ups in the fields of energy and electrification, smart cities, and IoT. It will provide these start-ups with valuable mentorship, access to resources, and a vast global network. Expressing his enthusiasm, Rahul Mathur, Director at TE, stated, “We perceive India as not only an opportunity for innovation within the country but also for the entire…

In a statement on LinkedIn, Chopra mentioned that he would assist with the transition process over the next few weeks.

According to a notification issued by the Finance Ministry on May 16, Indian residents are permitted to remit up to a maximum of $2.50 lakh per year abroad without requiring authorization from the RBI.

Enigma’s innovation-driven ethos extends beyond the realm of electric scooters, as the company’s most anticipated high-speed EV bike Café Racer-Enigma CR22 is part of the upcoming line-up.