Author: News Desk

While India’s economy and stock markets continue to thrive, its startup ecosystem tells a different story. As per Reuters’ analysis, investors, once enthusiastic about injecting substantial funds into promising Indian tech ventures, are now exercising caution, cutting smaller checks, and slowing their pace of investment. This caution stems from the harsh lessons learned from significant downturns in once high-flying startups like digital payments giant Paytm. Karthik Reddy, managing partner at Blume Ventures, a prominent Indian venture capital firm, disclosed plans for a more conservative investment strategy this year. Reddy stated that instead of spreading funds across numerous companies, they intend…

Chairman of Manipal Education and Medical Group, Ranjan Pai, is poised to bolster his position in Aakash Educational Services, months after acquiring a significant stake in the company, in a move that could reshape the landscape of educational conglomerate Byju’s. Pai Eyes Larger Stake According to insider sources, Pai has set his sights on acquiring a substantial 42% stake currently held by Byju Raveendran and Think and Learn, Byju’s holding company. The proposed acquisition, valued between $700 million to $800 million, represents a strategic maneuver by Pai to consolidate his influence within Aakash. Respite for Byju’s For Byju’s, grappling with…

Shanghai-based Hurun Research Institute’s latest report reveals a significant milestone as Mumbai emerges as Asia’s new billionaire capital, outstripping Beijing for the first time. The report sheds light on the shifting landscape of wealth distribution across the globe, with notable implications for economic dynamics and investor confidence. With an impressive tally of 92 billionaires, Mumbai secures the third position globally, trailing behind only New York (119) and London (97). This remarkable feat underscores Mumbai’s rising prominence as a hub of wealth creation and investment opportunities. At the forefront of India’s billionaire cohort are industry stalwarts Mukesh Ambani and Gautam Adani,…

Deepinder Goyal, the CEO of Zomato, has entered into matrimony with entrepreneur Grecia Munoz. This union marks a significant milestone in the lives of both individuals, representing a new chapter of companionship and shared aspirations. According to a close source, the wedding ceremony between Deepinder Goyal and Grecia Munoz took place approximately a month ago, adding a touch of secrecy and intrigue to their newfound marital bliss. Grecia Munoz, hailing from Mexico, has transitioned from her earlier career as a model to embark on an entrepreneurial journey, currently focusing on her startup venture dealing with luxury consumer products. This matrimonial…

Dubai, UAE – In a bid to further enhance its pedestrian-friendly infrastructure, Dubai has rolled out a groundbreaking initiative allowing pedestrians to borrow smart umbrellas free of charge. This pioneering move, spearheaded by the Roads and Transport Authority (RTA) in collaboration with UmbraCity, a leading Canadian smart umbrella share service company, aims to revolutionise the walking experience in the city. A Visionary Step Towards Walkability Aligned with the ambitious Dubai 2040 Urban Master Plan, the introduction of the free smart umbrella service underscores Dubai’s unwavering commitment to nurturing a sustainable, healthy, and inclusive urban environment. By seamlessly integrating advanced technology…

Ibrahim Mohamed Solih, the former President of the Maldives, has called upon current President Mohamed Muizzu to abandon his obstinacy and initiate dialogues with neighboring countries to tackle the financial hurdles facing the nation. Solih’s remarks follow Muizzu’s recent appeal to India for debt relief, a move that has drawn attention given Muizzu’s perceived alignment with China. Solih, speaking at an event in Male’ aimed at drumming up support for Maldivian Democratic Party (MDP) parliamentary candidates in the Maafannu constituency, highlighted that while Muizzu is reportedly considering talks with India for debt restructuring, the core financial challenges do not solely…

China has recently introduced stringent guidelines aimed at phasing out American microprocessors and software from government computers and servers, according to a report by the Financial Times. The move signifies China’s efforts to decrease dependency on foreign technology, particularly from the United States. Transitioning Away from Intel and AMD Processors Under the new procurement guidance, Chinese government agencies above the township level are instructed to prioritise domestically produced microprocessors over those manufactured by American giants such as Intel and AMD. This shift is part of a broader strategy to enhance national security by ensuring the reliability and safety of critical…

Manjunath Marappan and Ashok Kannan have revolutionized traditional free-range poultry farming, departing from the conventional practice of raising chickens in cages for egg production. In 2010, independently of each other, they both embarked on free-range farming ventures, managing farms near Madurai and Bengaluru, respectively. Their paths converged in 2012, leading to a mutual understanding. In 2010, prior to their meeting, they independently initiated free-range farming endeavors on farms near Madurai and Bengaluru. Their connection in 2012 marked a pivotal moment. Living in a tier II town, Ashok sought market support, a need fulfilled by Manjunath, based in Bengaluru, Karnataka. Manjunath,…

Mahindra & Mahindra, an Indian automotive manufacturer, has entered into a Memorandum of Understanding (MOU) with Adani Total Energies E-Mobility Ltd (ATEL) aimed at establishing an electric vehicle charging infrastructure nationwide in India. This collaboration will also involve Mahindra & Mahindra launching e-mobility solutions to facilitate consumer access to the charging network. “We are thrilled to partner with Adani Total Energies. This alliance is a cornerstone in enhancing the EV charging infrastructure, ensuring our customers enjoy seamless access to the charging network and digital integration for an unparalleled EV experience. In line with our commitment to enhancing customer experience with…

Ola Money has made a significant announcement regarding its wallet services, indicating a transition to small PPI (prepaid payment instrument) wallets with a maximum load limit of Rs 10,000 per month, effective from April 1, 2024. This move, aimed at streamlining operations and aligning with regulatory requirements, will impact existing Full KYC OlaMoney wallet users. In a bid to inform customers about this transition, Ola Money sent out SMS notifications on March 22, 2024, outlining the options available to users. Starting April 1, users will have the choice to either convert their Ola Money wallet from Full KYC to Small…