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Capillary Technologies Acquires Tenerity’s Digital Connect to Boost Loyalty Solutions-thumnail

Capillary Technologies Acquires Tenerity’s Digital Connect to Boost Loyalty Solutions

Capillary Technologies bolsters loyalty solutions with the acquisition of Tenerity’s Digital Connect. The Bengaluru-based SaaS startup aims to strengthen its presence in the US and European markets by incorporating Digital Connect’s reward ecosystem. Capillary now offers a comprehensive suite of end-to-end intelligent loyalty solutions, cementing its position as a leader in the industry.

Business

Jun 8, 2023

Union Cabinet Approves Rs 89,047 Crore Revival Package for BSNL, Including 4G/5G Spectrum Allotment-thumnail

Union Cabinet Approves Rs 89,047 Crore Revival Package for BSNL, Including 4G/5G Spectrum Allotment

The Union Cabinet has approved a third revival package for BSNL worth Rs 89,047 crore for BSNL, a debt-ridden telecom company in India. The package includes equity infusion for 4G/5G spectrum allotment, increasing BSNL’s authorized capital. The government aims to transform BSNL into a stable telecom service provider focused on providing connectivity in remote parts of the country.

Investment & Funding

Jun 7, 2023

IKIO Lighting IPO Receives Substantial Investor Interest, Oversubscribed 3.61 Times-thumnail

IKIO Lighting IPO Receives Substantial Investor Interest, Oversubscribed 3.61 Times

IKIO Lighting’s IPO generates buzz, oversubscribed 3.61 times, with strong investor demand. LED solutions provider seeks to raise Rs 350 crore for debt repayment, new facility setup, and corporate purposes. A diverse customer base and integrated manufacturing infrastructure contribute to investor enthusiasm.

Finance

Jun 7, 2023

MRPL scales down refinery expansion to concentrate on chemical bets-thumnail

MRPL scales down refinery expansion to concentrate on chemical bets

ONGC-controlled MRPL (Mangalore Refinery and Petrochemicals Ltd. ) plans to expand its refinery to increase petrochemical production capacity at a cost of roughly Rs. 470 billion. 

Business

Jun 7, 2023

According to SEMI CEO, it is now or never for India to seize the lead in the semiconductor sector-thumnail

According to SEMI CEO, it is now or never for India to seize the lead in the semiconductor sector

The Rs 76,000-crore ($10 billion) incentive plan for chip-making, as well as the talent pool and skilling programs, play to India’s strengths and highlight the country’s ascent as an industry leader. According to SEMI CEO, it is now or never for India to seize the lead in the semiconductor sector.

Business

Jun 7, 2023

“Balasore Incident and Kavach: India’s Automatic Train Accident Protection System”-thumnail

“Balasore Incident and Kavach: India’s Automatic Train Accident Protection System”

“Learn about Kavach, India’s Automatic Train Protection (ATP) system, developed to prevent train accidents caused by human error. With its advanced technology and comprehensive safety features, Kavach aims to monitor and control train speed, ensuring safe operations.

News

Jun 7, 2023

Revenue forecast for SaaS startups plunges 74% to $26 billion by 2026-thumnail

Revenue forecast for SaaS startups plunges 74% to $26 billion by 2026

In their most recent annual study on the industry, global management consulting and strategic advisory firm Zinnov and venture capital firm Chiratae Ventures reduced the 2026 revenue forecasts of Indian software-as-a-service or SaaS startups from $100 billion to $26 billion.

Business

Jun 7, 2023

The Tata Group is India’s most valuable brand, valued at $26.4 billion-thumnail

The Tata Group is India’s most valuable brand, valued at $26.4 billion

According to research by Brand Finance, the multi-industry conglomerate Tata Group, which produces everything from salt to software, has maintained its title as India’s most valuable brand and has surpassed the $25 billion threshold. The worldwide brand value consultancy performs this task each year. Infosys, a significant player in the IT industry, is still in second place.

Business

Jun 7, 2023

SEC Seeks Asset Freeze and Repatriation in Binance Case-thumnail

SEC Seeks Asset Freeze and Repatriation in Binance Case

SEC Seeks Asset Freeze and Repatriation in Binance Case: The Securities and Exchange Commission (SEC) urgently seeks to halt Binance’s U.S. platform, freezing assets and repatriating customer funds. Alleging fraud and improper conduct, the SEC’s filing targets Binance’s founder and entities involved, aiming to safeguard assets and prevent evidence tampering.

Business

Jun 7, 2023

India Holds Back Tailor-Made Incentives for US-based electric car manufacturer Tesla-thumnail

India Holds Back Tailor-Made Incentives for US-based electric car manufacturer Tesla

Indian government refrains from providing tailor-made incentives to Tesla, the US electric car manufacturer, but states have the freedom to offer concessions. Tesla is showing interest in building a complete supply chain in India. Currently, imported cars as completely built units attract customs duties ranging from 60% to 100%.

Automotive

Jun 7, 2023

SEC Files Lawsuit Against Coinbase, Alleging Unregistered Broker and Exchange Activities-thumnail

SEC Files Lawsuit Against Coinbase, Alleging Unregistered Broker and Exchange Activities

SEC Files Lawsuit Against Coinbase for alleged unregistered broker and exchange activities, demanding a permanent halt. Coinbase’s shares fell 12% after the lawsuit, following a 9% drop due to charges against Binance. SEC claims Coinbase violated securities laws, while the company argues for transparent legislation instead of litigation

Business

Jun 7, 2023

“2070 Health Receives $30M Investment to Transform Indian Healthcare”-thumnail

“2070 Health Receives $30M Investment to Transform Indian Healthcare”

India-based healthcare venture studio, 2070 Health, secures a substantial $30 million investment from W Health Ventures. The funding will drive innovation in healthcare, accelerating the development of groundbreaking companies that aim to make high-quality healthcare more accessible and affordable for one billion Indians.

Investment & Funding

Jun 7, 2023


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