Author: News Desk
Zoho has reportedly generated $100 crore (or around Rs. 8,000 crore) in revenue, according to CEO and Co-Founder Sridhar Vembu. Vembu added that ZOHO’s successful income generation was a result of its wide range of product offerings. Zoho Corp, a SaaS provider, made INR 5,442.4 crore in revenue in FY2021. Revenue at Zoho increased by 24% from the prior fiscal year. At the annual user gathering Zoholics India, Sridhar Vembu disclosed that Zoho is an Enterprisetech unicorn. According to the company, migrating mid-sized and large-scale organisations from other platforms to the Zoho solution has been quite advantageous. For entrepreneurs, zoho…
After Elon Musk purchased Twitter, many people left the platform due to Musk’s ‘reforms.’ Users are upset over the fact that they will have to pay for basic features on Twitter. Lately, several celebrities have deleted their Twitter accounts when Musk announced eight dollars per month for the blue tick verification. Looks like, a social media migration is happening now. The Twitteratis are flocking to Mastodon, a federated social network where users join servers instead of signing up for an account. By being federated, it means there are no shareholders, no central control and no targeted ad. It is a place where like-minded people share their views. BBC reports that about 2,30,000 Twitter users moved to Mastodon within…
Mumbai-based Aryahi Agarwal, who is 14-years-old, is an entrepreneur. Founder of Bella Frangrances, an exclusive organic perfume brand for teenage girls, she earned Rs 65,000 in three months. She started working on it during the covid-19 lockdown period. She looked for a good perfume but could not find anything of her choice. When she spoke to her friends, she realised that they felt the same. This inspired Aryahi to experiment. She wanted to create a perfume that was affordable and unique. It took her almost six months to formulate her plan and start the company. Her mentors were not supportive of her idea. They found it impossible to…
upGrad to invest $30 million in the global campus programme. upGrad is a higher education platform. It will open 10 global campuses under the new brand name ‘UGDX’. This process will complete in the next year. Three campuses will be in the United States. Five campuses will be in India and one each in Singapore and the Middle East. In India, the campuses will be in Chennai and Delhi.
The tech business Zoho Corp., with headquarters in Chennai, said that its yearly sales topped $1 billion in 2021.At a press conference, Zoho Corp. CEO and co-founder Sridhar Vembu asserted that no other firm had established a billion-dollar product company in India. Despite a 77% growth in annual income in India in 2021, India still accounts for 10% of the company’s total revenues.Similar to the majority of tech companies, the US and EU markets have contributed 42% and 30%, respectively, to its most recent sales numbers. In the coming years, the company intends to establish 100 network PoPs (points of…
AgniKul Cosmos, a spacetech start-up with its headquarters in Chennai, said the world’s first single piece 3D printed engine had successfully completed a test fire.At the Vertical Test Facility at Thumba Equatorial Rocket Launching Station (TERLS) of the Vikram Sarabhai Space Center, tests on AgniKul’s Agnilet engine were carried out (VSSC). The test was carried out with support from ISRO and IN-SPACe, a single-window nodal organisation for marketing and regulating space-tech players. Its goal was to confirm whether rocket engines could technically be produced as a single piece of hardware. The Agnilet engine was entirely designed and manufactured in India,…
The Indian Space Research Organisation (ISRO), which has already conducted missions to the moon and Mars, is now focusing on Venus in addition to its plans to study the moon’s dark side in cooperation with Japan. Anil Bhardwaj, Director of the Ahmedabad-based Physical Research Laboratory, said the space agency planned to send a probe to Mars during a presentation on ISRO’s next missions at the Akash Tattva conference. According to Mr. Bhardwaj, there have been discussions on deploying a lunar rover to investigate the moon’s permanent shadow region with the Japanese Aerospace Exploration Agency (JAXA). According to the initial plans,…
Investors sold off their shares of Tesla Inc (TSLA.O), the world’s most valuable maker of electric vehicles, on the assumption that Elon Musk, the company’s chief executive and major shareholder, was more focused with Twitter, causing his net worth to fall below $200 billion. Forbes estimates that Musk’s current net worth is $194.8 billion, with a significant portion of that coming from his approximately 15% ownership in Tesla, which has a market value of $622 billion. Days after finalising the $44 billion acquisition of Twitter Inc., regulatory documents revealed that Musk sold $3.95 billion worth of shares in the manufacturer…
The trial run of Indian Railways’ upcoming Chennai-Mysore Vande Bharat Express began today at Chennai’s MG Ramachandran Central Railway station. Prime Minister Narendra Modi will officially launch the Chennai-Mysore Vande Bharat Express train on Friday. This will be the sixth high-speed rail in India and the first one that was built entirely domestically in the country’s southern region. A rake of 16 coaches, including Executive Class and Chair Car coaches, makes up the Vande Bharat Express train. In comparison to prior Vande Bharat models, this one is more advanced because it is lighter and has a faster top speed. The…
The decision by Elon Musk-run Twitter to fire its staff in India has drawn criticism from Union IT Minister Ashwini Vaishnaw, who claims that they should have been given a “reasonable time for transition.” Vaishnaw stated, “We criticise the manner in which Twitter has terminated employees in India,” adding that the company “should have provided the employees a fair opportunity for transition.” The cutbacks in India affected a variety of divisions, including corporate communications, sales, and marketing.