IT Major IT company Wipro has announced the launch of the ai360 service and pledged to spend around $1 billion on AI over the following three years. With the use …
Business
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For 537.43 crore, CarTrade Tech Will Purchase Sobek From OLX India BV
by Team, Endocby Team, EndocOn July 10, CarTrade Tech said that it had signed a share purchase agreement with Sobek Auto India Private Limited and its parent firm, OLX India BV, in order to…
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BusinessTechnology
90% of The Support staff At Dukaan Are laid Off After The Introduction of AI chatbots for Customer Service
by Team, Endocby Team, EndocDukaan, a DIY platform that enables retailers to create their own online store without any programming knowledge, is the most recent business to reduce its human labor as a result…
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BusinessTechnology
Foxconn Cancels $19.5 Billion Vedanta Chip Project, Upsetting India
by Team, Endocby Team, EndocTaiwan’s Foxconn said on Monday that it has exited a $19.5 billion joint venture in the semiconductor sector with Indian metals-to-oil behemoth Vedanta, putting the brakes on Prime Minister Narendra…
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An official statement from the business has revealed that Head of Microsoft India, Anant Maheshwari The former head of Microsoft India, Maheshwari, resigns from his post after serving in the…
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BusinessFinance
Adani Raises $9 Billion In 4 Years By Selling Stakes In 3 Companies
by Team, Endocby Team, EndocAs the conglomerate attracts interest from a variety of investors, billionaire Gautam Adani has raised USD 1.38 billion (Rs 11,330 crore) from selling stakes in three group firms, bringing the…
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BusinessFinance
SpiceJet Board Could Opt To Offer Equity Shares As A Means of Raising Capital
by Team, Endocby Team, EndocThe SpiceJet board will decide on raising capital on July 12 by issuing preferred equity shares or convertible instruments. The SpiceJet board announced in a regulatory filing late Sunday that…
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TechnologyBusiness
Suzlon Energy Board Accepts Plan To Raise Rs 2000 Crore
by Team, Endocby Team, EndocSuzlon Energy announced earlier this week that the business intends to call a board meeting to discuss and authorize raising money. The board has given the go-ahead to raise Rs…
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Business
Jaiprakash Associates Defaults On Loans Totaling 4,044 Crore, Including Principal and Interest
by Team, Endocby Team, EndocJaiprakash Associates, the parent company of the Jaypee Group, confirmed on July 7 that the company had defaulted on loans totaling Rs. 4,044 crores, including principal and interest. According to…
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Business
Prashant Jhaveri, CEO of Flipkart Health+, Is Resigning; The Business Appoints An Internal Successor
by Team, Endocby Team, EndocPeople with knowledge of the situation say that Prashant Jhaveri, the chief executive of Flipkart’s online pharmacy, Flipkart Health+, is departing the company after joining less than a year ago.…
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BusinessFinancescience and engineeringTechnology
TCS Will Train 25,000 Staff Members On Generative AI Technologies from Microsoft And OpenAI
by Team, Endocby Team, EndocAdditionally, the firm unveiled TCS Generative AI Enterprise Adoption, a generative AI business product that allows companies to install OpenAI’s generative AI business capabilities via the Azure cloud platform. The…
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Business
Morgan Stanley’s Model Predicts That AI Will Increase Valuation of Microsoft To $3 Trillion
by Team, Endocby Team, EndocThe value is “still reasonable,” says Weiss, despite a 42% increase in share price this year. “Remains in line with historical averages, despite the unrivaled generative AI positioning,” he said…
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BusinessFinance
Maruti Suzuki India CEO Aims To Double Revenue By 2030–2031
by Team, Endocby Team, EndocAccording to Hisashi Takeuchi, the company’s managing director and CEO, Maruti Suzuki India wants to double its revenue from FY22 levels to about Rs 1.68 lakh crore by 2030–31 in…
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CountryBusinessFinance
India’s Overall Exports Via Amazon Global Selling Are Expected To Reach $8 Billion In 2023
by Team, Endocby Team, EndocThe cumulative shipments by Indian exporters through Amazon’s e-commerce exports program, Amazon Global Selling, are expected to reach $8 billion in 2023, according to the company’s Shipments Digest 2023, which…
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Business
Pankaj Goel of Razorpay Is Appointed As The New CTO of BharatPe
by Team, Endocby Team, EndocWith Pankaj Goel joining the team, we are confident that we can create best-in-class fintech products that will further enable the next phase of growth for the BharatPe Group of…
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BusinessFinanceTechnology
Google Selected 20 Indian Startups For It’s Accelerator Program
by Team, Endocby Team, EndocTwenty Indian startups, including the railway ticketing software Trainman, have been chosen by Google for the seventh iteration of its Google for Firms Accelerator program. A three-month, equity-free accelerator program…
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BusinessFinance
Byju’s Promoters Have Traded Shares Totaling $408.53 Million
by Team, Endocby Team, EndocByju Raveendran, the company’s founder and CEO, has sold 29,306 shares for a total value of $3.28 million since 2015. According to research and data portal PrivateCircle, Byju’s CEO Raveendran,…
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science and engineeringBusinessCountryEducation
Do Your Kids Consume Fatty, Sugary Food? WHO Releases Recommendations Against Harmful Foods Advertising
by Team, Endocby Team, EndocThe WHO has updated its recommendations for guarding against the marketing of harmful foods to children, emphasizing the necessity of stringent rules and laws. The World Health Organization (WHO) has…
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BusinessFinance
Forbes’ Majority Stake To Be Acquired By Automotive Technology Billionaire Austin Russell
by Team, Endocby Team, EndocThe CEO of an Automotive Technology firm, Austin Russell, said that he is investing roughly $800 million to acquire the bulk of Forbes Global Media Holdings. The 28-year-old founder of…
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BusinessCountryFinanceTechnology
US-Based Microchip to Invest $300 Million in Hyderabad R&D Facility
by Team, Endocby Team, EndocJust days after companies in the same sector as Micron, Applied Materials, and Lam Research made similar intentions, the US-based semiconductor giant Microchip Technology recently revealed a $300 million investment…
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BusinessFinance
Indian Startups: Overcoming Obstacles In The Space of The Creative Economy
by Team, Endocby Team, EndocThe number of businesses working in the creative economy sector has increased recently, which has benefited the Indian startup ecosystem. These firms sought to offer solutions for content monetization and…
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BusinessEducationTechnology
Apple: The First Publicly Traded Firm To Have A $3 Trillion Market Valuation
by Team, Endocby Team, EndocAnother milestone has been reached by the technological behemoth Apple, which became the first publicly listed firm to end a trading day with a $3 trillion market valuation. Apple has…
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BusinessTechnology
New Reading Limitation Restriction Implemented on Twitter
by Team, Endocby Team, EndocSince Elon Musk purchased Twitter in October 2022 for an astounding $44 billion, the microblogging platform’s regulations have undergone significant adjustments. Twitter has changed over the years, from paid verification…
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BusinessTechnology
Twitter Simplifies Account Sign-Up Process to Access Tweets
by Team, Endocby Team, EndocTo access tweets, one must first register for a Twitter account on the social media site. Elon Musk, though, described the action as a “temporary emergency measure”. Twitter will prompt…
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BusinessFinanceTechnology
GitHub’s Copilot Might Increase Global GDP By $1.5 Trillion
by Team, Endocby Team, Endoc“We are now experiencing “a sea change” in programme development, which will eventually increase local worldwide GDP by $1.5 trillion by 2030,” according to a report on the increasing usage…