Koo stops salary payments from April amid strategic partner discussions

[ad_1] Microblogging start-up Koo has stopped alary payments to all its employees from April as the company is going through a cash crunch situation. The microblogging startup was touted as a direct competitor for X, formerly known as Twitter.Some of...

Telecom players write to government again to address revenue sharing model with OTT providers

[ad_1] Cellular Operators Association of India (COAI), which represents telecom operators such as Bharti Airtel, Reliance Jio and Vodafone Idea, has written to the government on concerns regarding vital requirement for contribution by stakeholders towards addressing rising data traffic and...

Endimension Technology raises ₹6 crore in Pre-Series A round led by Inflection Point Ventures

[ad_1] Endimension Technology, a healthcare AI startup, has raised ₹6 crore in a Pre-Series A round led by Inflection Point Ventures. Sucseed Indovation and SINE IIT Bombay also invested in this round. The funds will be utilised for AI research...

Control One raises $350K in pre-seed funding round

[ad_1] AI-first robotics start-up, Control One, has raised $350K in pre-seed funding from a group of investors in the United States and India. Investors include Kunal Shah (Founder, CRED), Chaitanya R (Co-Founder, Wakefit), Amit Singh (Ex-MD, Avendus Capital), and Silicon...

LTIMindtree aims to bounce back in Q1, bets on broad-based growth for FY25

[ad_1] IT firm LTIMindtree after recording a sequential profit decline in Q4, is confident of bouncing back in Q1 FY25, and aims to drive broad-based growth and improve margin performance, said Nachiket Deshpande, COO, LTIMindtree. The company had absence of...

Tech Mahindra’s Q4 net profit falls 41% YoY to ₹661 crore

[ad_1] IT services company Tech Mahindra on Thursday reported about 41 per cent year-on-year fall in its consolidated net profit to ₹661 crore for the quarter ended March 2024. The net profit in the year-ago period was ₹1,117.7 crore. For...

Happiest Minds to acquire PureSoftware Technologies for ₹779 crore

[ad_1] Happiest Minds Technologies has signed definitive agreements to acquire 100 per cent of the equity share capital of PureSoftware Technologies for a total purchase consideration of $94.5 million (₹779 crore). The acquisition involves an upfront payment of ₹635 crore...

Vodafone Idea 2.0 begins with ₹18,000 crore FPO: Kumar Mangalam Birla

[ad_1] On the back of the ₹18,000 crore fundraise through a follow on offer, Vodafone Idea will stage a smart turnaround, according to Kumar Mangalam Birla, Chairman, Aditya Birla Group. Speaking at the FPO listing ceremony, Birla said, “This moment in...

Meta’s forecast for lower-than-estimated sales sparks fear in tech world

[ad_1] A disappointing earnings report from Meta Platforms Inc. has technology investors on edge ahead of results from some of the stock market’s biggest and most important companies in the coming days.Shares of Facebook’s parent were down as much as...

Thanos Tech opens drone manufacturing facility in Hyderabad  

[ad_1] Thanos Technologies, an agri-drone technology company, has opened a drone production facility and its corporate office in Hyderabad on April 15, 2024.  The facility has an initial capacity to produce 3,000 drones annually.Also read: Indian drone companies facing shortage...
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