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SCOPE launches $45 mn VC fund for fintech, gaming startups

Dec 26, 2023

New Delhi, Dec 26 (IANS) SCOPE, the invite-only startup networking platform, on Tuesday launched a venture capital fund worth $45 million, focused on fintech and gaming sectors.SCOPE’s VC arm will operate as an independent entity to identifying, nurturing, and accelerating groundbreaking startups that demonstrate exceptional promise and disruptive…

itel forays into open-earbuds category, launches Roar 75 with Titanium Body for Gen-Z at Rs 1,099

Dec 26, 2023

New Delhi, Dec 26 (IANS) itel Mobile India has announced its entry into the open-earbuds category by launching 'ROAR 75' with Titanium Body at Rs 1,099.The unveiling of itel ROAR 75 Open-Ear Buds marks a significant milestone, enriching the…

Business

Bulls are likely to wait for the New Year for further action

Dec 26, 2023

New Delhi, Dec 26 (IANS) 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…

Business

SoftBank likely sells $310 mn worth shares in IPO-bound FirstCry

Dec 26, 2023

New Delhi, Dec 26 (IANS) 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.…

Business

Over 4.25 lakh tech employees lose jobs in 2023, layoffs continue during holidays

Dec 26, 2023

New Delhi, Dec 26 (IANS) 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…

Business

Apple’s Smart Watch Series 9 & Ultra 2 to go off shelves unless Biden intervenes

Dec 26, 2023

New York, Dec 25 (IANS) Apple's latest series of smart watches in Series 9 and Series Ultra 2 watches may have to go off the shelves of retailers and Apple stores unless US President Joe Biden intervenes to overturn the US International…

Business

71% of enterprises experimenting with real use cases for GenAI

Dec 26, 2023

New Delhi, Dec 25 (IANS) About 71 per cent of enterprises globally are experimenting with real use cases for generative AI and over the next decade, generative AI will be the fulcrum that accelerates business growth, according to a…

Business

‘Shadow IT’ use by employees put more Indian firms at cyber attack risk

Dec 26, 2023

New Delhi, Dec 25 (IANS) About 89 per cent of companies in India suffered cyber incidents in the last two years, and 20 per cent of these were caused by the use of shadow IT, according to a new report. Companies are at the high risk of…

Business

Shrimp farms in Andhra district raking in Rs 10,000 cr a year through exports

Dec 25, 2023

New Delhi, Dec 25 (IANS) Shrimp farms in Andhra Pradesh’s Srikakulam district are using modern methods to produce about 40,000 tonnes of shrimp annually for exports, which fetch them around Rs 10,000 crore, according to the Ministry of…

Business

Biryani is the most-ordered dish on Zomato in 2023: Report

Dec 25, 2023

New Delhi, Dec 25 (IANS) Zomato users ordered biryani the most in 2023, the online food platform said on Monday. According to Zomato’s annual report on ordering trends, over 10.09 crore biryani orders were placed through the platform in…

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