Category: Market

  • Infosys Loses $1.5 Billion AI Contract Signed Just Months Ago

    The world’s largest IT company, Infosys, shocked everyone on December 23 when it announced the cancellation of a $1.5 billion artificial intelligence contract. With more questions than answers, this transaction that was meant to change the digital world for the next fifteen years has fallen through. In this article, we will go through the details…

  • Lendingkart Turns Profitable, Records INR 118.8 Cr PAT in FY23

    In a financial tale worth noting, Lendingkart, the digital lending platform tailored for Micro, Small, and Medium Enterprises (MSMEs), has turned a significant corner. The fiscal year ending March 2023 witnessed the company’s balance sheet transform from losses to profits, a milestone etched in Rs 118 crore on a canvas of total revenues amounting to…

  • Indian-American CEO of Wayfair says employees need to work longer hours

    In a recent communication with the Wayfair team, CEO Niraj Shah crafted a tapestry of insights that unveiled a multifaceted perspective on success. His insights touched upon the enduring values of hard work, the delicate art of blending professional commitments with personal aspirations, the transformative power of financial stewardship, and the strategic finesse involved in…

  • Tesla Confronts Growing Controversies as Recent Revelations Spotlight Corporate Practices

    Uncovering Deceptive Practices in EV Ranges and Customer Relations In a notable development following their July exposé, Reuters has once again directed attention toward Tesla, shedding light on a decade-long pattern of deceit and customer mistreatment. Building on their initial report exposing Tesla’s misleading claims about electric vehicle (EV) ranges, the latest investigation uncovers a…

  • Decoding The Sandeep Maheshwari And Vivek Bindra Controversy

    In the fast-changing world of online content creation and digital education, clashes between influencers can often make headlines. A recent development involves two prominent Indian YouTubers, Sandeep Maheshwari and Vivek Bindra, who find themselves in a war of words that has sent shockwaves through social media. The to-and-fro battle started when Maheshwari posted a video…

  • The Shift to Windows 11 Raises Concerns of a Global Surge in E-Waste

    The Impending Scrapping of 240 Million PCs with Windows 11 Migration As the tech landscape eagerly embraces the transition to Windows 11, industry analysts are sounding the alarm about the potential environmental fallout of Windows 10’s end-of-life plans. A recent study by Canalys sheds light on a concerning statistic: up to 240 million PCs worldwide…

  • Zomato Denies Shiprocket Acquisition Rumors, Cautions Investors Against Incorrect News

    In the rapidly changing domain of food delivery services, every whisper of a potential acquisition can send ripples through the market. Especially, when the whispers are concerning market leaders like Zomato which recently found itself at the epicenter of some speculation. Reports surfaced, suggesting a $2 billion acquisition deal with logistics technology start-up, Shiprocket. However,…

  • Byju’s reveals $1 bn loss at its virtual Annual General Meeting

    In the ever-evolving landscape of the education-technology sector, Byju’s, a major player in the industry finds itself grappling with a challenge. The facts concerning this challenge were disclosed during the virtual annual general meeting on Wednesday i.e. December 20th where consolidated losses of nearly Rs 8,300 crore ($1 billion) and a cash loss estimated between…

  • PhonePe Rolls Out Credit Feature On App To Help Users Manage Credit Cards

    In a notable stride towards comprehensive financial services, PhonePe, the digital payments app under Walmart’s umbrella, has recently introduced a game-changing feature – ‘Credit.’ This addition is more than just a new tool; it signifies PhonePe’s commitment to financial inclusivity and user education. In this article, we will look into the features of the app…

  • GreyOrange Raises $135 Mn As Part Of Extended Series D Round

    In a significant stride toward redefining the future of warehousing, GreyOrange, the innovative robotics firm founded in 2012, has recently secured a substantial $135 million in the extended Series D funding round. Anthelion Capital, leading the charge alongside steadfast investors Mithril, 3State Ventures, and Blume Ventures, has injected fresh capital into GreyOrange. This infusion not…