BharatPe logs 182% growth in revenue in FY23, EBITDA loss cut by Rs 158 cr
New Delhi, Dec 26 - Fintech major BharatPe on Tuesday said it has recorded 182 per cent growth in revenue in FY23 while EBITDA loss reduced by Rs 158 crore.
Over 4.25 lakh tech employees lose jobs in last 2 yrs, 24 workers per hour
New Delhi, Dec 26 - As generative AI threatens millions of jobs, tech companies globally are now sacking employees even in the holiday season (they had spared workers in 2021 and 2022 festive seasons amid the global meltdown and started layoffs only in
SCOPE launches $45 mn VC fund for fintech, gaming startups
New Delhi, Dec 26 - SCOPE, the invite-only startup networking platform, on Tuesday launched a venture capital fund worth $45 million, focused on fintech and gaming sectors.
itel forays into open-earbuds category, launches Roar 75 with Titanium Body for Gen-Z at Rs 1,099
New Delhi, Dec 26 - itel Mobile India has announced its entry into the open-earbuds category by launching 'ROAR 75' with Titanium Body at Rs 1,099.
Bulls are likely to wait for the New Year for further action
New Delhi, Dec 26 - The global rally in December led by the US market has lifted most markets significantly, and India was fortunate to have the lift from the state election results too, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial
SoftBank likely sells $310 mn worth shares in IPO-bound FirstCry
New Delhi, Dec 26 - Japanese investment giant SoftBank has likely sold its stock worth $310 million in a second round sale in mother and child care e-commerce platform FirstCry, which is likely to file a draft paper for IPO this week.
Biryani is the most-ordered dish on Zomato in 2023: Report
New Delhi, Dec 25 - Zomato users ordered biryani the most in 2023, the online food platform said on Monday.
Bose invests $10 mn in Noise, takes Indian brand’s valuation past $400 mn
New Delhi, Dec 25 - Bose, a global pioneer in consumer electronics and audio, has invested $10 million in homegrown consumer electronics brand Noise, taking its valuation to nearly $426 million.
Govt launches scheme to boost Medtech startups
New Delhi, Dec 25 - The government launched the MedTech Mitra platform on Monday as part of a strategic initiative to empower India’s MedTech innovators and reduce the country’s dependence on imported medical devices.
Adani Green Energy Ltd completes PPA with SECI for 8000-MW solar power
Mumbai, Dec 25 - The Adani Green Energy Ltd (AGEL) has executed a power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI) 1,799-MW solar power for a period of 25 years, an official said on Monday.
InCred raises $60 mn, becomes India’s 2nd unicorn of 2023
New Delhi, Dec 25 - Ending the drought, fintech lender InCred has become India’s second unicorn this year after raising $60 million from new and existing investors, the media reported on Monday.
Govt throws open e-Jagriti portal, video access to NCDRC to give consumers more clout
New Delhi, Dec 25 - The government has thrown open the e-Jagriti portal and video conferencing (VC) facility for the National Consumer Dispute Redressal Commission and state consumer commissions as part of the focus on leveraging technology for consumer protection and grievance redressal.
Paytm lays off employees as it implements AI-powered automation
New Delhi, Dec 25 - Fintech leader Paytm has laid off several hundred employees from its operations, sales and engineering team, according to reports.
US clean tech unicorn Palmetto lays off employees in multiple job cuts
San Francisco, Dec 25 - US-based clean-tech unicorn Palmetto has reportedly done multiple rounds of layoffs amid the market slowdown.
2023 may have been cryptocurrencies best year ever
New York, Dec 25 - Crypto’s 14th year in existence was one marred by scandal, bankruptcy, fraud and regulatory squabbling. It still may have been the industry’s best year ever, CNN reported.
Bitcoin miners see transaction revenue grow a massive 400% in 2023
New Delhi, Dec 25 - The revenue collected by Bitcoin miners as transaction fees averaged about $2 million per day in 2023, registering a whopping 400 per cent increase year-on-year.
Consumer sentiment rises in the US as the year ends with inflation falling quicker than expected
Washington, Dec 25 - Consumer sentiment has risen in the US with increased spending by them during the festive season of Xmas and eve of New Year as the fall of inflation faster than expected is vastly changing the mood to one of
Patent dispute: Apple Watch Series 9, Ultra 2 unavailable at its retail stores in US
San Francisco, Dec 25 - Apple has halted sale of its Watch Series 9 and Ultra 2 sales at its retail stores in the US and when Apple Stores reopen after Christmas, these two Watches will not be available for purchase.
Indian student stranded in US after Lyft driver flees with luggage, CEO reacts
New Delhi, Dec 24 - An Indian woman was left stranded in Boston, US, after a Lyft driver took her luggage and other belongings during a trip to the airport.
Undisclosed global client terminates $1.5bn AI deal with Infosys
New Delhi, Dec 23 - IT major Infosys on Saturday announced that a global client has decided to terminate the Memorandum of Understanding (MoU) for a $1.5 billion deal focused on artificial intelligence (AI) solutions.