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ICICI to pay for COVID-19 vaccine shots for employees & their families
ICICI Bank has reportedly joined the club of companies including TCS, Accenture, and Reliance to supply the COVID-19 vaccine for its employees and their families for free. This initiative to reimburse the costs of the 2 mandated vaccine shots by the financial services company is aimed at ensuring th... Read More
Vodafone Idea to increase network capacity by hiring Chinese vendors
Vodafone Idea, an Indian telecom operator, is reportedly in final discussions towards processing an order for expanding network capacity through Chinese vendors in six circles. The network contract had already been awarded to Chinese telecom equipment manufacturers, and this new order is likely t... Read More
Amazon buys USD 131 million worth stake in Air Transport Services Group
Amazon.com Inc., a U.S. based multinational technology giant has acquired a stake worth USD 131 million in Air Transport Services Group (ATSG), an American air cargo transport holding company. This move reinforces Amazon’s plans to expand its air freight operations. An ATSG representative w... Read More
Inflection Point Ventures leads Stylework’s pre-Series A funding round
Stylework, a Haryana-based co-working aggregator has reportedly around USD 548151 in a pre-Series A round led by a prominent early-stage investing firm Inflection Point Ventures (IPV). The company is planning to use these funds to open its office spaces in Tier-I cities such as Mumbai, Pune, Hyde... Read More
Nine Masts selects Bare Cove Technology as its cloud solutions partner
Shanghai’s renowned hedge fund manager Nine Masts Capital Ltd. has reportedly selected Hong Kong-based IT solutions provider Bare Cove Technology as its cloud technology partner. According to reliable sources the company has completely migrated to Bare Cove’s cloud-managed IT service pla... Read More
Samsung seeks tax incentives from Texas officials to build chip plant
Samsung, a multinational electronics company, has reportedly submitted paperwork to officials in Texas, in request of a billion dollars in tax incentives. This document has been submitted with an aim to make Austin the future hub for its new chip factory worth $17 billion. As per the documents fi... Read More
Flipkart might buy controlling interest in travel aggregator Cleartrip
Ecommerce giant Flipkart is reportedly in talks to acquire a controlling share in online travel aggregator Cleartrip, further allowing it to boost its footprint in the highly competitive marketplace. The move by Walmart-owned Flipkart is intended to take on contemporaries such as EaseMyTrip, Book... Read More
Groww likely to reach unicorn status with backing from Tiger Global
An American hedge fund, Tiger Global Management LLC, is in conversation to lead a USD 100 million funding round of millennials-focused investment app, Groww, valuing the firm at USD 1 billion. Sources close to the matter stated that Tiger Global will contribute about USD 50 million, with the remaini... Read More
Controversial Chinese semiconductor firm HSMC to dismiss all its staff
Controversial Wuhan-based semiconductor manufacturer, Wuhan HSMC (Hongxin Semiconductor Manufacturing Co), has reportedly announced that it plans to dismiss all of its staff members, in what some industry analysts are calling a possible sign of complete failure of the company’s problematic pro... Read More
AvePoint EduTech to revolutionize exam solutions using Microsoft 365
Singapore-based leading software company AvePoint Inc. has announced the worldwide launch of the first complete SaaS education management system EduTech, which will be directly integrated with Microsoft 365. Amidst the growing demand for training and accreditation services in commercial and educa... Read More