Author: News Desk

Courier Giant DTDC goes Public, Plans to Raise 1000Cr Dtdc is India’s largest courier service and plans to go public this year DTDC Express Ltd has begun work on its initial public offering to raise ₹1,000 crore They plan to use the proceeds from the IPO to strengthen its technology platform The company has still not finalized the quantum of equity stake to be diluted DTDC offers categorical courier providers to native and abroad locations for retail and company DTDC has 570 working amenities, 48 hubs, warehousing amenities and 1,500 vehicles

Edtech Startup, TutAR Raises Funds in Seed Round TutAR has raised funds as part of its seed round from April Ventures and SalesboxAI’s founder Roy Rajan The company has not disclosed the amount raised The fresh funding will help to scale its operations as well as bolstering technology TutAR was launched in 2020 by Thomson Tom, Shyam Pradeep Alil and Suvith S It enables Teachers to use AR models in their daily online and offline classes in the metaverse to help students grasp concepts better

Anand Mahindra all Praises for a Young Boy Fishing Industrialist Anand Mahindra was effusive in his praises for a young boy’s fishing technique. He uploaded a clip of a young boy catching fish in his official Twitter account on 1 April, and wrote that the boy’s actions proves that determination, ingenuity and patience can lead to one’s success. The video depicts a young boy catching fish from a river with the help of a two-legged pulley stand. He ties bait to one end of the fishing rope, throws it into the water, and patiently waits. When the pulley begins to…

The first Indian Unicorn Couple | Ruchi Kala | Ashish Mahapatra | Oxyzo 38 years old Ruchi Kala and 41-year-old Ashish Mahapatra become the 1st Indian couple to have “two Unicorns in one family”. IITians Ruchika Kala and Ashish Mahapatra are the duo behind the making of the two unicorns. Ruchika Kala is the chief executive officer of Oxyzo , while Ashish Mahapatra also an IITian, is the CEO of OFBusiness Welcome to another episode where Channel IM brings the latest news in the startup business sector. Oxyzo is a blend of the words Oxygen and Ozone that was founded…

Tesla delivers 310K e-vehicles in Q1 after production Tesla produced more than 305,000 vehicles in January to March 2022 Tesla successfully delivered 310,000 vehicles With that, Tesla reported record electric vehicle deliveries for the quarter It was led by ramp-up production at Tesla’s Shanghai factory Tesla will post its financial results for the first quarter of 2022 after market close on Wednesday, April 20, 2022 At that time, Tesla will issue a brief advisory containing a link to the Q1 2022 update It will be available on Tesla’s Investor Relations website

The future of mobility is electric. Electric vehicles are gaining popularity worldwide. Leading automakers have also stepped into the field of e-mobility. In India too, the Central and State Governments are promoting EVs through subsidies and electric vehicle policies. But in the last few months, there have been frequent incidents of fires in electric vehicles, especially e-scooters, in the country. This is a major concern for consumers as they prepare to switch to electric mobility. Two separate incidents in Pune and Vellore have raised big questions about the safety of electric vehicles. The government is taking the incident of e-scooter…

National Research Innovation Challenge from Kerala Startup Mission Challenge for researchers Kerala Startup Mission launches National Research Innovation Challenge featuring leading research institutes in the country. The Innovation Challenge is organized in collaboration with the Strategic Alliance Division of the Central Government and involves major cooperatives across the country. The National Research Innovation Challenge is part of KSUM’s Research Innovation Network Kerala (RINK) project. RINK envisions an attempt to translate research-focused ideas into commercially viable products. Anyone can attend Researchers from higher education institutions, accredited research institutes and universities operating at the state or national level are eligible to apply.…

Tata remerges Tata coffee; sees surge Shares of Tata Coffee and Tata Consumer Products surged after Tata Consumer Products Ltd (TCPL) announced the merger of all businesses of Tata Coffee Ltd with itself as part of a reorganization plan in line with its strategic priority of unlocking synergies and efficiencies. The stocks of Tata Coffee Limited were up by 9.74 per cent at Rs 215, and the stocks of Tata Consumer Products were up by 2.84 per cent at Rs 764. Tata has to demerge and remerge Tata coffee. This will happen through a composite scheme of arrangement. The shareholders…

Started as a social commerce platform that sold through a network of resellers, Meesho recently ventured into consumer-led commerce, putting it in direct competition with majors like Flipkart and Amazon. Meta-backed Meesho is accelerating the retail of branded products in categories like personal care and electronics, among others. This social media platform was largely based on selling unbranded products. Now they plan on improving their Direct-to-Consumer brand-based product for Ecommerce. Now, it is looking to capture a larger wallet share by going after “affordable brands” in categories like beauty and electronics. The category is being called Meesho Brands and the…

RBIH and Bank of Baroda promote Swanari finance solutions The Bank of Baroda, one of India’s leading public sector banks, is all set to promote financial inclusion of women in India in partnership with the Reserve Bank Innovation Hub (RBIH), a wholly-owned subsidiary of the Reserve Bank of India. Welcome to another segment of Channel IM news. Today, we bring to you news that would excite female entrepreneurs. Bank of Baroda said it will be the ‘scale-up partner’ for RBIH’s inaugural edition of its programme ‘Swanari TechSprint’, which would focus on developing digital solutions to help women achieve financial security and independence. The programme will positively impact the lives of more than 331 million adult women. This will…