Author: Rahul Mehra
News Editor

New Delhi: With a focus on data and analytics, Systango Technologies Ltd is getting ready to launch its initial public offering (IPO) with an issue size of Rs 32.88-34.82 Cr. The company is in the business of providing software solutions that allow businesses to design, implement, and manage their own customized digital platforms, including Web2, Web3, and mobile applications. The Company has served Clients across Sectors like FinTech, Fantasy Sports, Hospitality, etc. The issue includes a fresh Issue of up to 38,68,800 equity shares of the company, with 1,96,800 equity shares reserved for market makers and 36,72,000 equity shares reserved…

New Delhi: Advait Infratech is happy to announce the appointment of Mr. Deepak Gupta as Sr. Vice President / Head of Operations, effective from January 2023. He has previously held positions as CFO at Troikaa Pharmaceuticals Limited and management professional at Suzlon and Claris Group and brings with him three decades of rich experience and expertise in various finance and commercial functions. Mr. Deepak Gupta, a graduate in science and postgraduate in business management, started his career in 1992. He has worked in several finance functions such as budgeting, forecasting, monitoring & control, fundraising, treasury, forex, costing, insurance, taxes, supply…

New Delhi: According to reports, Sunil Mittal, the Indian telecommunications magnate, is looking to acquire a stake in Paytm by merging his financial services unit, Airtel Payments Bank, with Paytm Payments Bank through a stocks deal. Additionally, he is attempting to purchase Paytm shares from other shareholders. However, discussions are in the early stages, and there is no guarantee that Airtel and Paytm will reach an agreement. Paytm, also known as One 97 Communications Ltd., has seen its shares rise by about 40% from its lowest point in November, as it approaches profitability. The company reported a narrower loss for…

New Delhi: Meta, formerly known as Facebook, has unveiled a new large language model called LLaMA (Large Language Model Meta AI). This model is available to researchers and affiliates of the government, civil society, and academia under a non-commercial license. CEO Mark Zuckerberg stated that large language models, such as LLaMA, have displayed potential in generating text, conversing, summarizing, and solving complex problems like math theorems and protein structures. Meta believes that the AI community, including policymakers, industry, and academics, should collaborate to establish responsible guidelines for AI, particularly for responsible large language models. Meta claims that LLaMA has the…

Invests in new Digital Alliances, Retail health distribution, MSME business and new product development Mumbai: Reliance General Insurance Co. Ltd., India’s 5th largest Private General Insurance Company, has registered consistent profitable growth and healthy solvency for the past eight consecutive years. For the nine months ending on 31st December 2022, the Company has posted a Gross Written Premium of Rs. 8,208 Crore, up by Rs. 914 Crore from the previous year. Key performance highlights for nine months ended December 31, 2022 are: The Company has grown Gross Written Premium @ 13% on Y-o-Y basis to Rs. 8,208 Crore for 9M FY23…

New Delhi: Amazon has announced that it will join the Indian government’s ONDC (Open Network for Digital Commerce) platform, which aims to provide small merchants and kirana stores in certain parts of the country with access to technologies and processes that are typically used by large e-commerce platforms. This move is particularly significant since ONDC seeks to democratize e-commerce in India, which is currently dominated by companies such as Amazon and Flipkart. ONDC aims to level the playing field by making it easier for small businesses to compete with these larger players. Amazon plans to integrate its logistics network and…

New Delhi: Ajay Banga was announced as the new President of the World Bank, succeeding David Malpass. Banga, who was previously the CEO of Mastercard, brings a wealth of experience in the financial industry to his new role. Banga began his career at Nestlé and then spent 13 years at Citigroup, where he rose to the position of CEO of Citigroup Asia Pacific. In 2009, he became the CEO of Mastercard, where he transformed the company into a global technology leader, expanding its reach into new markets and pioneering innovative digital payment solutions. As the new President of the World Bank,…

BENGALURU, FEBRUARY 23, 2023 — LG Electronics India announced the rollout of the 2023 LG Soundbar lineup, delivering a range of stellar, new models that elevate the home entertainment experience with immersive sound, convenient features, and stylish, eco-minded design. Taking home cinema to a whole new level, LG’s latest high-end soundbars1 provide powerful and precise multi-channel audio that leverages the world’s first center up-firing speaker to create an exceptionally realistic soundstage. The center up-firing speaker enhances the clarity of dialogue and ‘positions’ sounds more accurately in space to make movies and other content feel more lifelike. The flagship model of the…

New Delhi: Edvoy, a tech platform supporting and enabling international study abroad, and Trent University, Canada, have joined hands to launch a new joint venture, ‘TEX Advanced Learning Centre’. Mr. SadiqBasha, Founder and CEO of Edvoy, and Dr. Leo Groarke, President of Trent University, signed the agreement in February 2023. The jointly owned campus of TEX Advanced Learning Centre will be based in Oshawa, Canada – nearby Trent University’s Durham and Peterborough campuses in the Greater Toronto Area. The reason behind the location is that the area is grooming the tech sector and promoting eco-friendly infrastructure which makes it more…

Bangalore: Bangalore-based Automated Inventory Planning SaaS startup Crest raised 800K USD in its pre-seed funding round, led by IAN and IPV. The round also saw participation from 888vc, Faad Network, PointOne Capital and notable founders of companies viz. Delhivery, Shiprocket, Pickrr, Smytten, Samosa Party, and Sirona, among others. “Crest is built for D2C e-commerce and is focused on solving the fundamental issue of those businesses, i.e. reducing lost sales opportunities by increasing fill rate and helping optimise inventory through real-time demand forecasting. By impacting the core of the business, Crest becomes a CXO priority and is not just another enabling software. In the…