Author: Rahul Mehra
News Editor

Bengaluru: Zetwerk, a Bengaluru-based B2B manufacturing marketplace, has raised INR 100 crore ($14 million) in debt funding from financial institutions, including InnoVen Capital, which led the round and existing investor Alteria Capital. The funds will be used to further expand the company’s business operations and invest in technology development. Zetwerk connects small and medium-sized manufacturers with large enterprises looking for customized manufacturing solutions. Founded in 2018, the company has grown rapidly, with over 8,000 suppliers and 150 enterprise customers on its platform. It offers a range of services, including procurement, quality control, logistics, and financing. According to Zetwerk co-founder and…

Bengaluru: Stonefield Flavours, the fastest-growing Indian Multinational in flavour industry today, created history by launching the World’s first flavour that celebrates the distinctively different personas of women of the world. WOW Coffee, a thoughtfully and artistically crafted flavour from the Stonefield Creation team, is extremely versatile in nature. With specific formulations, WOW Coffee can create a range of varied coffee flavours like Filter Coffee, Mochaccino, Macchiato, Irish Coffee, Affogato, etc. Stonefield Flavours is one of the very few flavour manufacturing companies that has a women-led workforce. Even when flavours and fragrances industry are heavily criticized for being male dominated, the Stonefield…

The MoU is designed to offer a range of opportunities to students and InfoVision engineers, including access to projects, internships, training programs and technology enablement to drive innovation and economic growth. Hyderabad: InfoVision Inc, a leading global digital services company headquartered in the United States, has signed an MOU with IIT-Hyderabad to establish collaboration areas specifically to create closer ties and greater collaboration between industry and academia. On February 23, 2023, Sean Yalamanchi, President of InfoVision, visited the IIT Hyderabad campus to formalize the partnership with IITH officials and launch two new Hybrid classrooms as part of their Corporate Social Responsibility…

New Delhi: Apple, the multinational technology company, has announced a partnership with a UK non-governmental organization (NGO) called WaterAid to improve water management practices in India. The project aims to provide clean water and sanitation services to communities in need in the country. India is facing a water crisis, with more than half of its population facing water scarcity, according to a report by the National Institution for Transforming India (NITI Aayog). The country’s water resources are being depleted at an alarming rate, and it is estimated that by 2025, nearly 200,000 people in India could die due to a lack…

New Delhi: The Adani Group, one of India’s largest conglomerates, has announced plans to set up a data center and two cement plants in the state of Gujarat. The data center, which will be built in partnership with EdgeConneX, a leading provider of edge data centers, is expected to be one of the largest in the country, with a capacity of over 1,000 megawatts. The center will be built at the Adani-owned Mundra complex in Gujarat and is expected to create significant job opportunities for local residents. In addition to the data center, the Adani Group also plans to set…

Bangalore: Quest Global, one of the world’s fastest-growing engineering services firms, announced it has been Great Place To Work® Certified™ in India. It is the second time that the organization has earned this recognition. The organization last received this recognition in January 2022.  Quest Global fared well on the five critical dimensions of Trust Index™- credibility, respect, fairness, pride, and camaraderie. The company remains committed to promoting and sustaining a High-Trust, High-Performance Culture and guiding the firm towards strengthening its aim to be a centenary organization. The successful participation and vote of confidence in the assessment held across the organization by…

Hyderabad: Greenko Energy Holdings, a renewable energy company based in Hyderabad, has raised $700 million in equity funding from its founders, GIC and ORIX Corporation. GIC is a subsidiary of the Abu Dhabi Investment Authority (ADIA). Greenko stated there would be no changes in its shareholding structure after the investment. The company plans to use the funding to invest in pumped storage projects with a storage capacity of over 25 GWh. This will allow for 45 billion units of “carbon-free energy” to be dispatched. Anil Kumar Chalamalasetty, CEO and MD at Greenko, said the funding from existing shareholders reflects their trust…

New Delhi: Foxconn, the Taiwanese multinational electronics contract manufacturer, has announced plans to set up an electronic manufacturing plant in Telangana, India. The plant is expected to generate around 1 lakh jobs in the region and boost the Indian government’s “Make in India” initiative. The plant will be set up in the Narasapur Industrial Area in Telangana’s Medak district and will manufacture electronic components, including mobile phones, tablets, and other devices. The total investment for the project is estimated to be around $2.5 billion. The state government of Telangana has offered several incentives to Foxconn, including land at a subsidized rate…

Mumbai: Magenta Mobility, an Electric Mobility solutions provider, has expanded its leadership team by appointing Shashank Chauhan as its new Operations Head as the company gears up for growth in the new financial year. Shashank has worked extensively in the Mobility space, focusing on Electric Mobility Operations. In his new role, Shashank shall work closely with the founders to build the mobility fleet at Magenta, focusing on developing operational excellence. Maxson Lewis, Founder and MD of Magenta Mobility, said, “Shashank is a highly respected personality in the e-Mobility space, and he will be part of the Central Control Tower with a…

Conserve, Sustain and Flourish. Utilizing the renewable source of solar energy and harnessing its goodness in the form of solar panels was the primary idea behind the inception of this brainchild collectively by 5 dedicated individuals, namely, Vineet Mittal, Sunay Shah, Ankit Singhania, Aditya Singhania, and Saurabh Aggarwal. At the time of Navitas’ inception back in 2013, not many solar module manufacturers were available in the Indian market. Today, Navitas Solar is one of India’s leading solar module manufacturers. Besides manufacturing solar panels and EVA sheets, the carbon-neutral company also facilitates turnkey EPC services. It is noteworthy that Navitas Solar…