PhysicsWallah (PW), the prominent edtech platform, has officially transitioned into a public company as it gears up for its highly anticipated Initial Public Offering (IPO) in 2025. The company’s board approved a resolution earlier this month to rename the organization from PhysicsWallah Private Limited to PhysicsWallah Limited, signaling its readiness for public listing. In a … Read more
Fitsol, a pioneering decarbonization platform for the manufacturing industry, has raised USD 1 million in seed funding led by Transition VC. Founded in 2022 by Anand Pathak, Akshay Tandon, Manoj Sharma, Sunil Bansal, and Vikas Kalra, Fitsol is committed to enabling manufacturers to measure, report, and actively reduce carbon emissions through its innovative AI-driven platform, … Read more
Sustain Labs Paris (SLP), a global sustainability consultancy, has announced the launch of the SLP Climate Tech Startup Sprint, an innovative initiative aimed at accelerating the growth of climate-tech startups. This program underscores SLP’s commitment to fostering innovation and driving sustainable solutions to tackle pressing global climate challenges. Empowering Climate-Tech Startups The SLP Climate Tech … Read more
Nodwin Gaming, a leading player in the Indian esports scene and a subsidiary of Nazara Technologies, has acquired Trinity Gaming in a landmark deal valued at ₹24 crore ($2.8 million). This strategic move solidifies Nodwin’s presence in India’s gaming and content ecosystem, as Trinity Gaming now becomes a fully-owned subsidiary of Nodwin Gaming. Deal Structure … Read more
In a significant leadership shift, Flipkart co-founder Binny Bansal has stepped down from the PhonePe board, according to recent media reports. Following Bansal’s resignation, Manish Sabharwal, Vice-Chairman of TeamLease Services, has been appointed as an Independent Director and Chair of the company’s Audit Committee. Strengthening Financial Governance and Strategic Oversight Manish Sabharwal’s appointment is set … Read more
Siemens, a global leader in industrial automation, is considering significant workforce reductions as it grapples with financial and macroeconomic headwinds. According to reports from Reuters, the company may cut up to 5,000 jobs in its factory automation division, a move prompted by ongoing struggles within the sector. CEO Roland Busch revealed these potential cuts in … Read more
Nvidia has reduced prices for its AI chips in China due to oversupply, resulting in them being priced lower than similar chips from Huawei, according to sources. This development highlights Nvidia’s struggles in China amid U.S. sanctions and growing competition, affecting a market that contributed 17% to its revenue in fiscal 2024. Last year, Nvidia … Read more
Schneider Electric, the leader in the digital transformation of energy management and automation, today announced a collaboration with NVIDIA to optimize data center infrastructure and pave the way for groundbreaking advancements in edge artificial intelligence (AI) and digital twin technologies. Schneider Electric will leverage its expertise in data center infrastructure and NVIDIA’s advanced AI technologies to introduce the … Read more
Honeywell announced the intention to acquire the entire share capital of Civitanavi Systems S.p.A. Honeywell will initiate a voluntary tender offer to acquire all outstanding shares of Civitanavi for a purchase price of €6.30 per share in cash (an equity value of approximately €200 million at closing). The acquisition will further strengthen Honeywell’s capabilities to help … Read more
Onsurity, a trailblazing provider of monthly subscription-based employee healthcare benefits geared towards SMEs in India, has successfully secured $24 million in Series B funding. This substantial investment round is spearheaded by the International Finance Corporation (IFC), the world’s largest global development institution. Notably, existing investors, Nexus Venture Partners, and Quona Capital, have also enthusiastically participated … Read more
Truecaller, the leading global communications platform, has acquired the Bengaluru-based company Unoideo Technologies Pvt Ltd. The company provides the service TrustCheckr, which, through a SaaS platform, helps businesses verify customer information and detects risk of fraud based on phone numbers and digital signals. TrustCheckr’s current offering has attracted interest from different industries with the most … Read more
Continuing with its mission to elevate the used car market across boundries, CARS24, a leading Autotech company has today inaugurated its second Research and Development Centre (R&D) in Bengaluru, Karnataka to advance innovation, growth and building an excellent ecosystem. To lead the charge in technological advancements and fuel our growth, CARS24 is also investing in … Read more
Softcell Technologies Global Pvt. Ltd. (Softcell) has made a strategic investment in AutoFlow Technologies Pvt. Ltd. (AutoFlowTech), a new-age IT services and technology solutions company specialising in digital business acceleration through open, scalable and modular solutions. AutoFlowTech addresses its customer needs by leveraging analytics, automation, cloud and digital transformation. Sunil Dalal, Managing Director of Softcell, stated, “This investment is … Read more
Mphasis, an Information Technology (IT) solutions provider specializing in cloud and cognitive services, today announces a partnership with CoreStack, a global multi-cloud governance provider. The alliance aims to deliver unparalleled financial management and observability to customers, driving operational efficiency and actionable insights. CoreStack will play a vital role in Mphasis’ Cloud Business Solutions (CBS) and Agile IT Operations portfolio. … Read more
For the first time, UN hosted the SDG Agrifood accelerator programme and Farmer’s Fresh Zone stood out for its unique module and practices which are scalable at any part of the world. Farmers Fresh Zone was one of the three start-ups to be part of the panel discussion happened in the event. While six were … Read more
Enterprises are undergoing an enormous digital transformation, leading to workloads shifting to the cloud. In this fast-evolving digital era, enterprises needs have broadened for various services and solutions – be it security, connectivity, or cloud. To cater to these growing needs and as part of ongoing portfolio expansion, Vi Business, the enterprise arm of the leading … Read more
