Author: News Desk
B2B e-commerce company Udaan has raised $120 million in convertible notes and loans, led by current shareholders and bondholders, during a funding crunch in the startup sector. The e-commerce startup has now raised $300 million in debt and convertible notes, according to the email from the company’s chief financial officer, Aditya Pande. Some of the figures Udaan has achieved, such as a 1,000-bps improvement in unit economics thanks to operational cost and gross margin efficiency. Former Flipkart executives Sujeet Kumar, Amod Malviya, and Vaibhav Gupta created Udaan in 2016. Just two years later, in 2018, it attained unicorn status. For…
Google is preparing a legal challenge to block a decision by the Competition Commission of India (CCI) to alter how it approaches its Android operating system. Google is worried that the decision will limit how it promotes the platform. Since last week, the Alphabet division has been fined $275 million (Rs 2,265 crore) in two CCI decisions: one for its in-app commission policy and the other for abusing its position in the Android operating system market (OS). Despite the CCI-Android ruling’s smaller $162 million (Rs 1,334 crore) fine, Google is concerned because it wants more extensive corrective action.
According to a blog post on its website, Google changed its individual plan, increasing the storage from 15GB to 1TB. Regular workspace users like business owners and government employees will soon receive this important storage update free of charge. Enough space in a Google Workspace would be plenty for both Drive and Gmail separately. Users won’t need to do anything because it will update automatically, according to Google. Previously, Google permitted the same amount of storage for Workspace that is included with a free Gmail account. You must use Google One to expand the narrative space if you ever use…
Tesla is known for its innovative concepts. One of its novel concepts is the self-driving electric car. However, the automobile giant is facing a criminal investigation in the United States over the same claim. The US Department of Justice has reportedly launched a probe following dozens of crashes involving Tesla’s driver assistance system Autopilot. It has been reported that the system was activated during the accidents. Tesla is facing other probes as well. In August 2021, the US National Highway Traffic Safety Administration opened an investigation after a series of crashes. The probe covers 830,000 Teslas with Autopilot. Earlier this…
WhatsApp has submitted a report on the Tuesday outage. One day following the blackout, the government made a request for the information. According to earlier accounts, the requirement for a thorough report was procedural for any large nationwide internet disruption. We still don’t know what this proposal contains. According to a report by PTI, which cited unnamed government officials, Meta has already submitted a report on the WhatsApp outage. The Tuesday shutdown was the result of questions from the IT Ministry. After the incident, WhatsApp and Meta released a statement in which they claimed that a technical issue on their…
Worldwide, electric mobility is gaining attention. People embrace it as it is an eco-friendly travelling mode that plays a crucial part in dealing the climate change. A recent study says that UAE ranks eighth globally in terms of readiness for the electric mobility market. The study organised by the management consultancy firm Arthur D. Little (ADL) says that this change happened “both within companies and across societies.” Across the Middle East, governments adopt EV technology. The UAE aims to be carbon neutral by 2050. Saudi Arabia is vowed to be carbon neutral by 2060. About 30 per cent of vehicles…
UAE launches a multi-lingual online radio station for expatsTitled ‘Radio 360’, it is an infotainment platformThe station will operate primarily in English and MalayalamThere will also be programmes in other Indian languagesRadio 360 symbolises the inclusive culture of the UAEIt comes with the motto ‘Listening is a virtue’The radio targets students, families and educationThe radio station has the latest software and tech
Flipkart will also challenge its rivals. Walmart and Flipkart have not responded to it!
Ambani’s is one of the biggest car garages in India The latest addition to the garage is an all-white Bentley Bentayga An Instagram handle has shared some stunning images of this SUVThe Ambani family already has two other Bentayga SUVs in their garageThe new one is the facelift version of BentaygaIt was launched in 2020 with some small visual updatesThe SUV is powered by a 4.0-litre twin-turbocharged V8 petrol engineMost of Ambani’s cars have the number 0001The new Bentley Bentayga has the 0002 number plateIt is priced at Rs 4.10 crore ex-showroom in India
Business opportunities in Ras Al Khaimah were detailed in the Business Exchange Program held in Kochi under the auspices of Ras Al Khaimah Economic Zone. Rakez aims to help start-ups, small and micro entrepreneurs and industrialists in their business expansion by providing essential services like business licence, necessary facilities, visa facilitation and bank account opening. The objective of the program was to facilitate business in Ras Al Khaimah for entrepreneurs from Kerala. The event was organised in collaboration with Kerala Startup Mission, various industrial organisations and Channeliam.com. The delegates explained the wide range of business opportunities available in the Ras…