News and Trends: Page 9
Rachit Prints Files DRHP for IPO with Focus on Fund Utilization for Growth
According to the DRHP, RPL plans to allocate INR 10.18 crore of the IPO proceeds to meet working capital requirements, including margin money. Additionally, INR 5.5 crore will be used for expansion through the purchase of plant and machinery, while INR 1.1 crore is earmarked for partial pre-payment of existing bank loans.
Elon Musk Hints at 'Xmail' : A Potential Rival to Gmail and Apple Mail
As of September 2024, Apple Mail holds a significant 53.67 % share of the global email market, followed by Gmail at 30.70 %
ROI a Key Driver for India's AI Investments: Report
Freshworks' new report on AI in the workplace suggests that India is leading in setting new benchmarks in AI integration and innovation
Zypp Electric Welcomes Manoj Kohli as Senior Advisor
With over 45 years of experience across telecom, renewable energy, electric vehicles (EVs), and AI-led digital technologies, Kohli's appointment aligns with Zypp's growth trajectory as it prepares for an initial public offering (IPO) within the next 12–24 months.
Nazara Technologies Increases Stake in Nextwave Multimedia
Nazara Technologies increased its stake in Nextwave Multimedia to 74.88%, investing INR 2.3 crore. It plans a second tranche acquisition for INR 19.33 crore, further expanding its gaming sector footprint.
Preeti Lobana Appointed Google India's New Country Manager and VP, Succeeding Sanjay Gupta
In her new position, Lobana will lead Google India's sales and operations, focusing on advancing the company's strategy in the region, with a strong emphasis on leveraging Artificial Intelligence (AI) to drive innovation and economic growth.
Wipro Acquires US-Based AVT for USD 40 Mn to Boost Application Services
The move aims to bolster Wipro's application services capabilities, paving the way for new growth opportunities.
Modi Naturals' Subsidiary MBPL Invests INR 100 Cr to Expand Ethanol Production
Once the expansion is complete within the next 8-10 months, the company will achieve a total production capacity of 310 KLD. This initiative also includes a 5 MW captive power generation plant to support operations.
Government launches Industrial Strategy Advisory Council to boost growth and living standards
The government has revealed the members of the Industrial Strategy Advisory Council, aiming to drive sustainable growth across vital sectors.
SanchiConnect and YourNest VC Power Eight Startups with INR 48 Cr Through Velocity Program
The Velocity Accelerator cohort features innovative startups like Induz, LeanWorx, Think Metal, Presage Insights, Superfone, and CargoFL, driving advancements in AI, manufacturing, logistics, and enterprise solutions with transformative technologies.
Elon Musk Is Accusing OpenAI of 'Offering Vastly Inflated Compensation.' Here's How Much OpenAI Employees Really Make, From Technical to Communications Roles
Elon Musk accused OpenAI earlier this year of spending $1.5 billion on just 1,500 employees.
Tech Legend Michael Dell Says Workers Need to Laugh and Play — and Parents' Advice Can Be Hit or Miss
The Dell Technologies founder and CEO, worth more than $115 billion, says his parents originally encouraged him to become a doctor and set aside his passion for building computers.
The CEO of Softbank Just Announced He's 'Doubling-Down' on President-elect Donald Trump's Second Term — Here's Why
Softbank CEO Masayoshi Son announced a $100 billion investment in the U.S. that will be spent over the next four years on AI initiatives.
Klarna Is Replacing Workers With AI, but Claims Those Who Survived Cuts Will See Gains 'In Your Paycheck'
The "buy now, pay later" company stopped hiring new workers a year ago.
'Wanted to Cry for Joy': MacKenzie Scott Donates $65M Gift to Housing Nonprofit
It was Scott's second donation to the nonprofit and a complete surprise.