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Vedanta team visits Pune to check feasibility for setting up semiconductor plant

A team from Indian conglomerate Vedanta visited Pune on Friday to assess the feasibility of establishing an electronic chip plant in the district, according to a government official. Under the government’s incentive scheme, Vedanta Group companies have applied to set up semiconductor and display manufacturing units in the country. By 2024, it expects to have display units for mobile phones and electronics devices on the market, as well as electronic chips made in India by 2025. Several automobile companies have manufacturing plants in Pune. Vedanta intends to start with 28…

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Rezolve.ai expects revenues to cross $50 million in the next three years

Rezolve.ai, a service desk and workplace automation company, said it expects to reach $50 million in revenue in the next three years, thanks to the planned acquisition of nearly 1,500 clients around the world. In comparison to the entire year of 2020, the company’s revenues trebled in 2021, and it signed many new clients in December 2021. Despite sporadic office re-openings during two pandemic waves last year, it kept all of its clients. “We are seeing an accelerating shift in the customer’s preferences from a legacy agent focused ticketing system…

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We should go for indigenous manufacturing in defence sector : PM Modi

Cyber security is no longer limited to just the digital world as it has now become a matter of national security, Prime Minister Narendra Modi said on Friday. He also noted that the process of importing defence items is so long that by the time they reach our security forces, many of them have become outdated and therefore, the solution is to go for indigenous manufacturing. “Even during the period of slavery and immediately after Independence, the strength of our defence manufacturing was very high. Weapons made in India played…

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Healthcare company MediBuddy raises $125 Mn in Series C round

Quadria Capital and Lightrock India joined existing investors Bessemer Venture Partners, India Life Sciences Fund III, Rebright Partners, JAFCO Asia, TEAMFund LP, FinSight Ventures, InnoVen Capital, Stride Ventures, and Alteria Capital in a $125 million Series C funding round. The Bengaluru-based firm previously raised $40 million in its Series B round in February of last year, eight months after its merger with online doctor consultation platform DocsApp. MediBuddy and DocsApp share the same brand name: MediBuddy. According to a press release from Medibuddy, the new round of funding will be…

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Bounce shrinks 83% in FY21, Rs 2,152 Cr losses ride pillion

Bounce, which pivoted to become an electric scooter manufacturer at the start of the ongoing fiscal (FY22) with the acquisition of 22Motors was a scooter rental platform in FY21. The pivot and the pandemic on fiscal year (FY21) has wiped out its scale. Bounce’s operating revenue fell by 83 percent during the year, to around Rs 15 crore in FY21 from Rs 87.5 crore in FY20. Approximately 96 percent of the company’s operating revenue came from motorcycle and bicycle rentals in the six cities where it currently operates. This revenue…

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Whatsapp spotted working on a slew of new features

WhatsApp has been developing a number of new features to improve the user experience. WhatsApp’s message reactions feature was recently spotted on WhatsApp Desktop beta, and the messaging app was recently spotted working on a new search message shortcut. WhatsApp users will soon be able to respond to messages with emojis. In a message, users will be able to choose from six different emoji options. The feature was discovered in the messaging app’s beta version. The messaging app was spotted testing the message reactions feature on the WhatsApp desktop app…

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Google Workspace users to migrate from Hangouts to Chat in March

Google has been working on moving users from Hangouts to Chat for a long time, and they now have a timeline. The time to permanently switch to Chat is rapidly approaching, and Google’s most recent update has set a deadline for when users will be moved. Google is ready to move Hangouts into the final phase, according to a blog post on Workspace, and this follows the opt-out migration option it rolled out last year. If they haven’t already done so, all users will have “Chat preferred” enabled in their…

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Infosys launches Metaverse Foundry, to ease enterprises with metaverse adoption

Infosys has announced the launch of its Metaverse Foundry to help enterprises explore the metaverse, including virtual and augmented environments, for their customers, workplaces, products, and operations. The Foundry, according to the company, will bring together domain and design expertise, platforms and digital accelerators, as well as strong relationships in a rich creator-partner economy. This confluence of capabilities will be available as on-demand services, allowing businesses to scale up and down their explorations as needed. This will enable them to create their own metaverse environment on-demand, deliver signature experiences in…

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National Strategy on Additive Manufacturing announced

The “National Strategy on Additive Manufacturing” was announced by Ashwini Vaishnaw, Union Minister of Electronics & Information Technology (MeitY), Communications & Railways, and Rajeev Chandrasekhar, Minister of State for Electronics & Information Technology, Skill Development and Entrepreneurship, to cater to next-generation digital manufacturing and to mitigate immediate disabilities of local industries. “The Genesis of the National Strategy in India revealed by the government is to keep pace with rapid global manufacturing prowess. For this, India needs to adopt an integrated approach to additive manufacturing in all segments including defence and…

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Chargebee acquires Numbers and launches Chargebee Receivables

Chargebee, a subscription management platform, announced on Thursday the acquisition of Numbers, a collections management platform, and the launch of Chargebee Receivables. The acquisition follows the recent additions of Brightback and RevLock to Chargebee, as well as a new round of funding led by Sequoia and Tiger Global, indicating rapid product and talent growth for Chargebee, a rapidly growing global startup. Subscription businesses will now be able to automate their entire receivables process from purchase to payment, as well as manage subscription products and invoices, according to the company, resulting…

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