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Australia-based Verteva secures US$21.4M in Series A funding round
Verteva, an Australian fintech startup has reportedly secured about US$21.4 million in Series A funding round from Bolton Equities, an investment services company. The start-up based in Sydney was originally founded in 2019 and aims to create a digital alternative driven by data, for customers ac... Read More
Indian IT sector seeks revision of labor laws to incorporate WFH
The IT sector in India is looking for revisions in the taxation as well as the labor laws of the country as more than half of the workforce in the industry, which is worth $191 billion, could be starting the delivery of services remotely, which is a part of the different changes that have been wroug... Read More
TechM receives notice over complaints on salary cuts during lockdown
Tech Mahindra, an Indian IT company, has reportedly received a notice issued by the Pune labour commissioner over complaints on salary cuts during the coronavirus lockdown in India. The NITES (National Information Technology Employees Senate) reportedly claimed that the Tech Mahindra staff complaine... Read More
Singapore to distribute improved reusable masks to its population
The people of Singapore would reportedly receive better-quality reusable masks as soon as the government starts its third exercise of mark distribution in the country. Chan Chun Sing, Trade and Industry Minister, Singapore, stated that the new cloth-based masks would have better filtration ... Read More
Qantas plans to lower its airfares to revitalize business in Australia
The coronavirus pandemic has disrupted global economy, with sectors like airline and tourism being the most heavily affected ones. In a bid to emerge from this downfall, Alan Joyce, CEO of Australian airline company Qantas, announced three steps he promises to fulfill after returning to regular oper... Read More
Singapore based Ninja Van raises $279 million in Series D funding
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
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
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
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
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