Author: News Desk

Julian, an advocate for the Indian-German startup exchange program, is brimming with excitement about the wealth of opportunities awaiting Indian startups in Germany. Speaking passionately at Huddle Global 2023, he underscores the pressing need for digitalization in the German economy, a need that aligns seamlessly with India’s prowess, especially in Kerala. For Indian startups hungry for success, the exchange program offers a treasure trove of possibilities. Imagine engaging in ongoing programs where startups can directly connect, delving into detailed discussions about tailored support, relocation plans within Germany, and the nitty-gritty of legal documentation. But here’s the thrilling part – the…

Microsoft Unveils Maia 100 Chip: A Deep Dive into AI Innovation In a groundbreaking move, Microsoft Corporation unveiled its first homegrown artificial intelligence chip, the Maia 100 chip, along with a cloud-computing processor at the annual Ignite conference in Seattle. This strategic step not only marks Microsoft’s foray into the competitive AI computing market but also signifies a pivotal moment in the era of artificial intelligence. Maia 100 Chip: Powering the AI Revolution The Maia 100 chip, a key component of Microsoft’s Project Silica, is designed to accelerate AI workloads both in the cloud and on the edge. Built on…

SoftBank’s Stake Sale Impact: Delhivery Faces Share Price Decline Market Dynamics Unveiled: SoftBank’s plan to sell a $150 million stake in Delhivery has sent ripples through the market, resulting in a nearly 3% fall in Delhivery’s share price. This move has triggered a series of notable developments, with a 2.51% equity stake, valued at approximately ₹747 crore, changing hands in a block deal. SoftBank’s Strategic Shift: The Tokyo-based investment giant, SoftBank, is reportedly looking to divest around 4% of its holding in Delhivery through a block deal. This decision aligns with SoftBank’s recent trend of stake sales, including partial exits…

RBI Directs Bajaj Finance to Halt eCOM and Insta EMI Card Loans: A Deep Dive into Regulatory Intervention In a recent development, the Reserve Bank of India (RBI) has directed Bajaj Finance to immediately cease the sanction and disbursal of loans under its two prominent lending products, namely ‘eCOM’ and ‘Insta EMI Card.’ This move comes because of the company’s non-compliance with the digital lending guidelines set forth by the RBI. This article delves into the specifics of the directive, the regulatory framework, and the implications for Bajaj Finance. Regulatory Intervention and its Basis: The RBI, utilizing its powers under…

Kerala Capital Emerges as a Tech Hub: Huddle Global 2023 Unveils Ambitious Plans Inaugurating India’s largest beachside startup conclave, Huddle Global 2023, Chief Minister Pinarayi Vijayan announced the ambitious transformation of Kerala’s capital into a major digital hub and a premier destination for startups. The event, organized by Kerala Startup Mission (KSUM), witnessed the exchange of Memoranda of Understanding (MoUs) with Belgium and Australia, further solidifying Kerala’s position in the global startup landscape. Government’s Proactive Initiatives Fuelling Startup Growth Chief Minister Pinarayi Vijayan highlighted the state government’s proactive initiatives as the driving force behind Kerala’s emergence as a pioneer in…

Disney+ Hotstar Sets New Streaming Record with 53 million Viewers During ICC World Cup 2023 Semi-Final In a spectacular display of its streaming prowess, Disney+ Hotstar achieved an unprecedented milestone during the ICC ODI World Cup 2023 semi-final clash between India and New Zealand. With a record peak concurrency of 53 million viewers, the streaming giant shattered its own previous record, marking a significant moment in India’s booming streaming landscape. Record-Breaking Streak: Disney+ Hotstar has been on a remarkable record-breaking streak over the past month. The platform, known for offering free ad-supported streaming, not only set a record of 53…

Google Ends Unlimited WhatsApp Backups for Android Users – What You Need to Know In a recent announcement, Google has declared the end of unlimited Google Drive backups for WhatsApp on Android devices. This move will impact millions of users who have enjoyed the convenience of seamless backups since 2015. The change is set to take effect gradually, starting from December 2023 for beta users and extending to all Android users in early 2024. Since the collaboration between WhatsApp and Google in 2015, Android users have benefited from unlimited Google Drive backups. This feature allowed users to safeguard their entire…

Sundar Pichai, the CEO of Google, was called before a federal court for the second time in two weeks to provide testimony in an antitrust case that could bring down a key figure in the internet giant he helped establish. During his most recent court appearance in San Francisco, Pichai defended the business methods of the Google Play Store—which distributes apps for the company’s Android software, which powers the majority of smartphones worldwide—for more than two hours. According to available reports, Pichai appeared to be confused and annoyed by the direct questions he was asked at times. In other instances,…

The electric scooter market is experiencing a remarkable surge, with October 2023 marking a milestone as 71,604 electric vehicles were sold. A pivotal factor in this surge is the entry of new players, eager to tap into the vast and untapped market. In this article, we delve into the top-performing electric scooters of October 2023, as reported by Vahan, shedding light on their sales figures and month-on-month growth. Ola: Leading the Charge Ola emerges as the leader in electric scooter sales for October 2023, selling an impressive 22,284 units. Despite its share of challenges, Ola’s sales saw a commendable growth…

Subrata Roy, the visionary behind the Sahara Group’s expansive business empire, left an indelible mark on India’s corporate landscape. His leadership and business acumen propelled Sahara to new heights, making him a notable figure in the business world. Business Magnate and Visionary Leader: Subrata Roy’s rise to prominence was swift, earning him recognition as one of India’s most influential businessmen by India Today magazine in 2012. Under his leadership, Sahara Group became the second-largest employer in India, boasting a workforce of 1.2 million according to Time magazine in 2004. Diversified Business Ventures: Roy’s business empire extended across various sectors, including…