a spin-off of Goldman Sachs Juven will provide sizable cheques to support African fast-growing firms. The TechCrunch
Mauritius and U.K.-based investment company Juven went live today with plans to fund growth-stage technology and consumer companies in Africa. The one-year-old firm is looking to invest large checks in companies that have proven business models, strong revenue traction and large addressable markets, it said in a statement. Juven is one of the few investment
Since its March 2020 low, this Tata Group company’s stock has increased more than 1,100%.
Tata Elxsi shares defied the weak market mood and hit a new high of Rs 6,274.70, up 7.5 per cent on the BSE in Wednesdays intra-day trade. In comparison, the SandP BSE Sensex was down 0.36 per cent at 59,531 points at 01:53 pm. In the past one year, the stock of
Formation of the Confederation of Indian E-Commerce
The Confederation of Indian E-commerce (CIE), a not-for-profit trust of e-commerce companies, was formed recently to offer a neutral industry voice by bringing the government, the industry, policymakers and consumers on a single platform. Based in New Delhi, the organisation was conceived by a team of industry veterans, including Amitabh Singhal, past president
The European Parliament supports the ban on remote biometric monitoring The TechCrunch
The European Parliament has voted to back a total ban on biometric mass surveillance. AI-powered remote surveillance technologies such as facial recognition have huge implications for fundamental rights and freedoms like privacy but are already creeping into use in public in Europe. To respect privacy and human dignity, MEPs said that EU lawmakers should pass
International Textile Health and Safety Accord is signed by German company Otto.
The Otto Group recently signed the new International Accord for Health and Safety in the textile and apparel industry. Building on the progress of the original Accord on Fire and Building Safety in Bangladesh, garment brands and global unions reached a new, expanded agreement on worker safety. The new agreement came into effect
Why are costs for textile raw materials rising globally? –
Crude oil prices are rising consistently to cater to the increasing demand from consumers, thus causing textile raw material prices to increase. Crude oil prices are rising due to higher crude oil inventory draw, widespread floods and power outages due to heavy rains in Texas and Louisiana, as per the American Petroleum Institutes
In response to soaring global demand for Enterprise Architecture platforms, Orbus Software quickly expands its North American business.
Continues global expansion with 93% new bookings growth following 60 new customers added to Orbus Softwares client roster in H1 2021 Company doubles size of US teams to support customer growth in the region and appoints several new advisory board members 6th October 2021; London, UK: Global demand for digital transformation has driven
The First Enterprise Communications Failover Service for Business Continuity and Incident Response is Launched by StarLeaf –
London, 6th October 2021, DTX/UC Expo Every day, hundreds of millions of people depend on digital communication and collaboration services to do their work. With these services now deeply embedded in every kind of business process and industry, maintaining continuity of digital communications has become business critical. StarLeaf, the global provider of secure digital communications
Uber tests additional functions for booking trips at airports The TechCrunch
Uber is piloting new app features aimed at making air travel more hassle-free, including the ability to reserve rides from airports, gain access to enhanced curbside pickup, request a ride once you land and order food in advance from airport restaurants for pickup. Uber Reserve at Airports will allow users at 20 major airports across
Cabinet approved a bonus for 1.1 million railroad workers that is equal to 78 days of pay.
The Union Cabinet on Wednesday approved productivity-linked bonus equivalent to 78 days’ wage to eligible non-gazetted , Union minister Anurag Thakur said. The bonus for financial year 2020-21 will benefit about 11.56 lakh non-gazetted Railway employees, he said. An expenditure of nearly Rs