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Goyal, Vaishnaw, Chandrasekhar will be guests of honour at ETSA today

. India produced over 40 unicorns, privately-held startups valued at $1 billion or more, in 2021.

from Tech-Economic Times https://ift.tt/UVgreFt

Twitter to cut spread of BelTa, other Belarus state media posts

Social media services including Twitter in recent years have begun labeling accounts of state broadcasters and news websites to note that the organisations are government-backed.

from Tech-Economic Times https://ift.tt/LJh8cam

BigBasket valuation hits $2.7B; Zomato puts another $100M in Blinkit

Existing investors – Tata Digital and others – internally value the firm at $4-5 billion on the basis of its gross sales and projected annual growth in the coming years, sources told us.

from Tech-Economic Times https://ift.tt/FvhjUKe

Credit card spends fell 7% in January, marking end of festive season

Spending fell 7% sequentially to Rs 88,000 crore in the first month of this year. Axis Bank and Kotak Mahindra Bank were the only banks that did not see a drop.

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Hero Electric plans four EV plants, set up 5 million capacity

Company may have to invest Rs 1500 to Rs 2000 crore and is considering a fresh round of fund raise

from Tech-Economic Times https://ift.tt/HFruwWV

BigBasket valuation may touch $4-5b as sales rise

The steep rise in BigBasket’s valuation comes at a time when its parent Tata Digital has held early-stage discussions with marquee global investors to raise new capital for its ecommerce venture.

from Tech-Economic Times https://ift.tt/fXHSk6G

Amazon announces 20-for-1 stock split, $10 billion share buyback

Amazon's stock, which closed at $2,785.58 on Wednesday, has nearly doubled over the last two years, when demand for both its e-commerce and cloud computing business surged in the wake of the COVID-19 pandemic.

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Yellow.ai deploys 30% of global generative AI bots domestically

While markets like the US are mostly using GenAI for customer support in a bid to cut costs, India Inc. is using them as an opportunity to g...