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Singapore based Ninja Van raises $279 million in Series D funding

Published Date: 2020-05-06         Author: Saipriya Iyer

Ninja Van, a renowned logistics startup based in Singapore, has reportedly announced that it has secured a funding of $279 million in the Series D investment round. Monk’s Hill Ventures, Europe’s GeoPost, Grab, Intouch Holding, Golden Gate Ventures Growth Fund, Carmenta, Facebook co-foun... Read More

WhatsApp Payments to make its debut in India by May-end 2020

Published Date: 2020-05-05         Author: Pankaj Singh

Facebook-owned cross-platform messaging app, WhatsApp has recently announced that it is all set to launch its payments feature in India by the end of May. Reportedly, it has tied-up with three private-sector banks, namely Axis Bank, HDFC Bank, and ICICI Bank, to roll out its product. However, State ... Read More

Sebi seeks probe into Franklin Templeton India’s debt funds collapse

Published Date: 2020-05-04         Author: Saipriya Iyer

The Security and Exchange Board of India (SEBI), the market regulator of India, shall be investigating if the local unit of Franklin Templeton had violated the rules or had acted in the investor’s best interest, as six debt funds of the asset manager collapsed. The US parent of Franklin Temple... Read More

Pune’s Kinetic Green unveils three new products to aid sanitization

Published Date: 2020-04-30         Author: Pankaj Singh

The company is looking forward to offering these systems to municipal corporations and the Government. Sanitization has become the need of the hour owing to rapid spread of the novel coronavirus. This has inspired a lot of companies to develop new ways to disinfect public spaces. Pune-based elec... Read More

F-drones goes on to launch first drone delivery service at Singapore

Published Date: 2020-04-29         Author: Pankaj Singh

Drone delivery is becoming the latest fad across the technological landscape. The possibility presented itself after F-drones, Singapore-based marine logistics start-up, announced the successful drone delivery of first parcel comprising 4.4 pounds of vitamins onto a ship managed by Eastern Pacific S... Read More

Indian airlines reopen domestic flight bookings amid COVID-19 lockdown

Published Date: 2020-04-28         Author: Saipriya Iyer

The cash-strapped airlines in India have recently reopened travel bookings for the domestic flights despite the uncertainty of the government on when to lift the flight suspension. The airlines that have started accepting bookings include SpiceJet and GoAir, for various travels between the major ... Read More

JioMart begins home delivery by uniting with local kirana stores

Published Date: 2020-04-27         Author: Saipriya Iyer

Reliance Industries Limited (RIL) has recently commenced the home delivery of essential services by partnering with the local kirana stores in Kalyan, Thane, and Navi Mumbai. This announcement follows the recent stake acquisition deal declared by the Indian multinational conglomerate between its Jio... Read More

Investors back Tesla over Toyota & GM to lead tech shift in the sector

Published Date: 2020-04-24         Author: Pankaj Singh

Before the emergence of coronavirus, the automotive industry had been undergoing a transition from fuel-based vehicles to electric vehicles. To that end, investors are more likely to invest in Tesla rather than industry giants like, Toyota and GM to drive the automotive industry’s shift toward... Read More

Netflix to raise $1 billion in debt to develop more original content

Published Date: 2020-04-23         Author: Saipriya Iyer

Netflix, the renowned global video streaming giant, has reportedly planning to raise approximately $1 billion in debt in efforts to increase the original content on its platform. The announcement comes just one day after the company doubled its projections for novel customers as people stuck at home... Read More

AWS and Facebook unite for new, open-source PyTorch projects

Published Date: 2020-04-22         Author: Saipriya Iyer

Amazon Web Services and Facebook have recently announced plans to join hands for a few new projects for PyTorch. PyTorch is a well-known, open-source ML (machine learning) framework that has been adopted to train AI (artificial intelligence) models. The framework has been created by the AI resear... Read More

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