Author: News Desk

Fast-fashion startup Virgio, once valued at over $160 million, is set to cease its operations just under a year after securing substantial funding, sources close to the investors have revealed. The decision, which took many by surprise, has raised questions about the future of the brand. A Pivotal Moment for Virgio Virgio’s official website now carries a message that reads, “The fast fashion brand that you have come to love is no longer available,” signalling a significant change in direction. Amar Nagaram, the founder and CEO of Virgio, expressed his thoughts on the matter in a unique LinkedIn post. He…

Tata Consultancy Services (TCS), India’s renowned IT giant, is poised to embark on its fifth share buyback program in the span of six years. This strategic move is expected to not only benefit TCS but also bolster the financial health of its parent company, Tata Sons. The nine-member board, under the leadership of Chairman N. Chandrasekaran, who also holds the chair at Tata Sons, is scheduled to convene on October 11 to discuss the proposal. This initiative comes at a time when Indian IT companies are navigating a challenging demand landscape, particularly in the United States, their primary market. The Upcoming Buyback…

Scuba diving offers a captivating glimpse into the mysterious depths of the underwater world. However, not everyone has the opportunity or inclination to take the plunge into the ocean’s depths. This is where technology, specifically Virtual Reality (VR), comes into play. Imagine donning a VR headset and being transported to a stunning coral reef, surrounded by marine life, without leaving the comfort of your home. Welcome to the world of immersive scuba diving simulators using virtual reality. Diving into Virtual Reality: Virtual reality has made significant strides in recent years, offering users incredibly lifelike and immersive experiences. Developers have harnessed…

Despite being an influential philanthropist and an industry veteran, the former Chairman of Tata Sons, Ratan Naval Tata is also an avid investor, who has made numerous investments in several startups. As an angel investor from Mumbai, Ratan Tata has reportedly invested in around 50-plus companies till now, ever since he retired from the helm of Tata Groups. Tata once said, “The startup industry and the young founders of this are the new leaders of Indian industry. The old smokestack industries will always be there, but they will recede into the background in terms of excitement, in terms of innovation, in terms of ingenuity and in many cases, we hope in many…

52nd Goods and Services Tax (GST) council meeting took place on 7th October 2023 at Sushma Swaraj Bhawan, New Delhi. The meeting was presided by Smt Nirmala Sitharaman, the Union FM and attended by MoS (F) Shri Pankaj Chaudhary, the Revenue Secretary, Chairman CBIC, Member CM, Member GST, Member TP and senior officers from Union Government and States. From the meeting, here is some key takeaways: Exciting news! Channel IAM English is now on WhatsApp Channels. Click the link to subscribe and stay up to date with the latest Startups-Entrepreneurship-Technology insights. Click here! https://whatsapp.com/channel/0029Va6GEYsF6sn8ASSJqC1f

Air India, under the ownership of Tata Group, has revealed a stunning transformation with its rebranding efforts. Not only has the airline changed its logo, but it has also provided a sneak peek of its upcoming A350 planes. These developments come after Tata Sons fully acquired Air India in January 2022. In this article, we’ll take a closer look at the exciting changes in Air India’s branding and its ambitious plans for a state-of-the-art warehouse facility in Delhi. The A350 Fleet Debut: A Winter Spectacle Travel enthusiasts and aviation aficionados have something to look forward to this winter as Air…

Keeping the policy repo rate unchanged at 6.5%, the Reserve Bank of India Governor Shaktikanta Das has announced the RBI’s fourth bi-monthly monetary policy. While announcing the policy, Das said, “After a detailed assessment of the evolving macroeconomic and financial developments and the outlook, RBI’s monetary policy decided unanimously to keep the Policy Repo Rate unchanged at 6.5%.” Adding to this, he said, “Macroeconomic stability and inclusive growth are the fundamental principles underlying our country’s progress. The policy mix that we have pursued during recent years of multiple and unparalleled shocks has fostered macroeconomic and financial stability.” As per his words, the…

In India, one of the highly populated nations, the audio confirmation of a digital sound box has replaced the conventional cash registers on more than 6 billion different instances in just one month. More specifically, the country has generated more than 10 billion cashless transactions in August when you include instances of consumers paying one another instead of retailers. Majority of them were free, quick, and available online. Since April, clients who use their mobile phone wallets to pay bills totaling more than 2,000 rupees are only subject to a maximum 1.1% fee if they are scanning a fast response code for a…

Expo City Dubai, the bustling epicentre of innovation and culture, is making headlines once again with its latest achievement – a Guinness World Record. On a remarkable Thursday, Al Wasl Plaza, often regarded as the beating heart of this futuristic and sustainable community, claimed the title for hosting the world’s largest interactive immersive dome, covering an astonishing 24,038 square metres. What sets this immersive dome apart is its interactive capabilities, allowing visitors to engage with Al Wasl Dome through their mobile phones and smart devices via augmented reality (AR). Among the captivating experiences offered, visitors can point their smart devices at any…

As of February this year, Bengaluru, India’s Silicon Valley, earned the dubious distinction of being the second-most congested city worldwide, according to the TomTom traffic index. With a vehicular population exceeding 1.1 crore, including an astounding 75.2 lakh two-wheelers and 22.9 lakh cars, traffic woes in this tech mecca had reached unprecedented levels. The Buzz Surrounding a Carpooling Prohibition Recent days have witnessed a flurry of activity on social media platforms, with claims circulating that the Karnataka government had imposed a blanket ban on carpooling in Bengaluru, accompanied by the spectre of violators facing substantial fines amounting to a staggering Rs 10,000.…