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‘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 becoming targets of cyber incidents due to the use of shadow IT by their employees amid the growing trend towards…

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…

Business

Bose invests $10 mn in Noise, takes Indian brand’s valuation past $400 mn

Dec 25, 2023

New Delhi, Dec 25 (IANS) 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.Noise’s first-ever funding was part of…

Business

Govt launches scheme to boost Medtech startups

Dec 25, 2023

New Delhi, Dec 25 (IANS) 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. “MedTech Mitra…

Business

Adani Green Energy Ltd completes PPA with SECI for 8000-MW solar power

Dec 25, 2023

Mumbai, Dec 25 (IANS) 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. With this,…

Business

InCred raises $60 mn, becomes India’s 2nd unicorn of 2023

Dec 25, 2023

New Delhi, Dec 25 (IANS) 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. According to an Entrackr report, InCred…

Business

Govt throws open e-Jagriti portal, video access to NCDRC to give consumers more clout

Dec 25, 2023

New Delhi, Dec 25 (IANS) 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…

Business

Paytm lays off employees as it implements AI-powered automation

Dec 25, 2023

New Delhi, Dec 25 (IANS) Fintech leader Paytm has laid off several hundred employees from its operations, sales and engineering team, according to reports. A company spokesperson did not divulge the number of people affected, but said the…

Business

US clean tech unicorn Palmetto lays off employees in multiple job cuts

Dec 25, 2023

San Francisco, Dec 25 (IANS) US-based clean-tech unicorn Palmetto has reportedly done multiple rounds of layoffs amid the market slowdown. Some of the jobs eliminated include operations strategy managers, coordinators and warehouse…

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