CHENNAI: California-based supply chain logistics enterprise Hwy Haul, a company launched by former Walmart executives, has raised $10 million in Series A funding to transform the way fresh produce is shipped and delivered. Eileses Capital led the round with BluePointe Ventures as the co-lead. Other investors include AgFunder, True Blue Partners and angel investors like Freshworks founder and CEO Girish Mathrubootham, Nutanix founder and CEO Dheeraj Pandey, Rajiv Batra, founder of Palo Alto Networks and Vivek Mehra, partner Emeritus at August Capital, among others. Hwy Haul’s end-to-end digital freight platform…
Read MoreDay: May 7, 2021
Zomoto set to be the biggest IPO of Indian Capital Market in 2021
The first-ever technology company IPO in India, that of Zomato, is set to be the biggest event of 2021 for the Indian capital market. IPOs of companies that belong to sunrise sectors have often met with much frenzy. This frenzy to grab a piece of the blooming Indian food technology sector, some market participants believe, could be so intense that Zomato could command valuations of a decacorn ($10 billion or more) by the time its shares start trading on the stock exchanges. “There’s a distinct possibility of the IPO being…
Read MoreAmazon postpones Prime Day sale in India amid surge in Covid-19 cases
Amazon’s flagship Prime Day sale, which is scheduled to take place globally in June, has been postponed in India due to a surge in Covid-19 cases across the country in the second wave of the outbreak. The Prime Day sale will not be conducted in India and Canada in June due to the spreading infections, even as Amazon goes ahead with plans to host the event in markets including the United States, UK, Germany, France and Spain. A spokesperson for Amazon India confirmed to ET that the company had decided…
Read MoreIndia holds up wireless approvals for China-made devices
India previously allowed companies to self-declare wireless equipment, a move that made imports easier, but new rules in March 2019 mandated firms to seek government approval. India has held up approvals for import of wifi modules from China for months, driving companies such as U.S. computer makers Dell and HP and China’s Xiaomi, Oppo, Vivo and Lenovo to delay product launches in a key growth market, two industry sources said. Imports from China of finished electronic devices – like bluetooth speakers, wireless earphones, smartphones, smartwatches and laptops – containing wifi…
Read MoreWhatsApp scraps deadline for accepting privacy policy terms
New Delhi, PTI: WhatsApp has scrapped its May 15 deadline for users to accept its controversial privacy policy update and said not accepting the terms will not lead to deletion of accounts. WhatsApp had faced severe backlash over user concerns that data was being shared with parent company Facebook. A WhatsApp spokesperson told PTI that no accounts will be deleted on May 15 for not accepting the policy update. “No accounts will be deleted on May 15 because of this update and no one in India will lose functionality of…
Read MoreAICTE releases academic calendar 2021-22. Check Details Here
New Delhi: The All India Council for Technical Education (AICTE) on Thursday released the tentative academic calendar for the year 2021-22. It stated that the process of the grant of approval for the institutions, other than the standalone PGDM and PGCM colleges, will be completed by June 30. Further, the affiliation process by the respective universities and boards have to be completed by July 15. #AICTE Academic Calendar for A/Y 2021-22: Details: https://t.co/WUK2x9whFU@MS_AICTE #AICTEdge @adsahasrabudhe @drmppoonia pic.twitter.com/Q1HpgFONt0 — AICTE (@AICTE_INDIA) May 6, 2021 For PGDM/PGCM institutions, the last date for…
Read MoreIIIT-Delhi introduce part-time PG diploma in Data Science and AI
The Indraprastha Institute of Information Technology (IIIT), Delhi, in collaboration with IBM has launched a nine-month-long PG Diploma in Data Science and AI (PGDDS&AI). The entire programme will be conducted online mode on the weekends. The courses will be taught by IIIT-D faculty members, as well as IBM leaders in Analytics. The 9-month long diploma course will have 450 hours of learning including online interactive sessions of 310 hours and required self-study and project work of 140 hours. The course will have 30 credits and a term project. The process…
Read MoreIITs, NITs to postpone offline exams, Education Ministry directs
In a letter addressed to heads of all centrally-funded institutions, Higher Education secretary Amit Khare said the decision on examinations will be reviewed again in the first week of June, 2021. The Education Ministry has directed IITs, NITs, all centrally-funded educational institutions (CFTIs) to defer their offline examinations scheduled this month. The ministry, however, said that online exams can continue. The ministry’s request comes in the midst of worsening Covid-19 pandemic situation. Amid the second wave of COVID-19 pandemic, the Ministry of Education on May 3 asked all the centrally-funded…
Read MoreGoogle CEO Sundar Pichai Joins Global Task Force Steering Committee on Pandemic Response
On last Thursday, three Indian-American CEOs Sundar Pichai from Google, Punit Renjen from Deloitte, and Shantanu Narayen from Adobe have joined the steering committee of the Global Task Force on Pandemic Response, which is overseeing an unprecedented corporate sector initiative to help India successfully fight COVID19. The task force is a newly formed public-private partnership organised by the US Chamber of Commerce and supported by Business Roundtable. It is working with the Chamber’s US-India Business Council and the US-India Strategic Partnership Forum to take immediate actions to help address the…
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