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Lenovo begins AI server production in India, opens R-D lab in Bengaluru
Lenovo has established a manufacturing unit in Puducherry, India, to manufacture 50,000 enterprise AI servers and 2,400 high-end GPU units annually. The plant will produce five key offerings, including three rack-mounted AI servers and two flagship 8-way GPU servers.
a person with a pink jacket and black helmet is holding a bag that says, quick - commerce start up flink raises another $ 150m at a
Operational Efficiency
Just Eat
1 Billion
Service Quality
Home Business
Business News
Quick-commerce startup Flink raises another $150M at a valuation of nearly $1B
Berlin-based startup Flink has raised $150 million to expand in Germany and the Netherlands, in partnership with Just Eat Takeaway.com. The funding, totaling $115 million in equity and $35 million in debt, aims to improve operational efficiency and service quality. Flink's valuation is under $1 billion, a 20% increase from its previous round.
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December 31
Zydus Lifesciences to acquire Sterling Biotech's API biz for Rs 84 crore
Zydus Lifesciences plans to acquire Sterling Biotech's 'Target Business' for Rs 84 crore, following its acquisition of a 50% stake in August. The acquisition includes fermentation-based API products like Lovastatin, Daunorubicin, Doxorubicin, and Epirubicin. The acquisition is expected to be completed by December 31, 2024.
India's Commerce and Industry Minister, Piyush Goyal, has proposed a 500-acre startup township to create a Silicon Valley in the country. The project will be overseen by the National Industrial Corridor Development Corporation and will include a non-profit entity like Invest India. Industrial Corridor, Silicon Valley
Industrial Corridor
Silicon Valley
Move over Bengaluru as Piyush Goyal wants new Silicon Valley in India
India's Commerce and Industry Minister, Piyush Goyal, has proposed a 500-acre startup township to create a Silicon Valley in the country. The project will be overseen by the National Industrial Corridor Development Corporation and will include a non-profit entity like Invest India.
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Taylor Swift Music
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Universal Music Group
Music Labels
UMG, Taylor Swift's music label, sees higher profit, helped by superfans
Universal Music Group predicts a 10% annual core profit growth through 2028, driven by increased subscription revenue, partnerships, and fan base. The company also anticipates a 7% compound annual revenue growth, surpassing consensus expectations. However, Q2 subscription revenue growth slowed to 6.9%.
an image of people walking in front of a building with the words wipro announcing
It Company
September 2024
Wipro announces 8% salary hikes for top-performing employees in 2024
Indian IT company Wipro is set to implement salary hikes for employees starting September 2024, with top performers expected to receive an average increase of 8%. The hikes are in response to global technology sector concerns. Around 75% of Wipro's 200,000 offshore employees will see an 8% increase, while client site employees will receive a 3% increase.
the table space buys office space in bengaluru for about rs 5000
Flexible Workspace
Real Estate Consultant
The Deal
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Work Space
Real Estate
Table Space buys office space in Bengaluru for about Rs 500 crore
Table Space, a flexible workspace provider, has acquired 5 lakh sq ft of office space in Bengaluru for around Rs 500 crore. The deal was facilitated by real estate consultant CBRE. Bengaluru is the company's most mature market, contributing 46% to revenue. The company has built over 9.5 million square feet of custom workspaces across seven Indian cities.
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The Next
Electricity
Rapido to convert Delhi bike-taxis to all-electric fleet by next year
Rapido, a ride-hailing company, plans to transition its bike-taxi service in Delhi to an electric fleet within the next year, in line with the city's EV policy. The company is collaborating with original equipment manufacturers and fleet operators and operates its own electric vehicle fleet in Bengaluru's three-wheeler auto sector. Rapido, founded in 2015, has created over seven million jobs and secured $200 million in funding.
Titan-owned watch company Helios has partnered with Italian watchmaker U-Boat to introduce 41 premium watches to India, aiming to capitalize on the growing middle and upper middle class. The partnership will be available at 11 stores across key metro cities, with the company aiming for over 45% growth in the coming years. The partnership is the third such one this year, following a partnership with Swiss luxury watchmaker Charriol and French watchmaker Herbelin. U Boat, Swiss Luxury, Premium Watches, Watch Companies, Middle Class
U Boat
Swiss Luxury
Premium Watches
Watch Companies
Middle Class
Helios partners with U-Boat, aims for 45% growth in India's watch market
Titan-owned watch company Helios has partnered with Italian watchmaker U-Boat to introduce 41 premium watches to India, aiming to capitalize on the growing middle and upper middle class. The partnership will be available at 11 stores across key metro cities, with the company aiming for over 45% growth in the coming years. The partnership is the third such one this year, following a partnership with Swiss luxury watchmaker Charriol and French watchmaker Herbelin.
whatsapp's business & click to whatsapp reverse doubles in a year
Whatsapp Business
Business Account
Small Businesses
WhatsApp's Business & Click to WhatsApp revenue doubles in a year
WhatsApp India's parent company, Meta, has seen revenues from WhatsApp Business double in a year, according to Sandhya Devanathan, vice-president of Meta India. The company has also introduced Meta Verified badges for small businesses, providing them with verified badges, impersonation protection, account support, and premium features. Meta also announced a first-of-its-kind initiative called 'WhatsApp Bharat Yatra', providing on-ground training to over 20,000 small businesses across India.
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Jensen Huang
Jensen Huang says Nvidia chips are in high demand: ‘People emotional, it's tense’
Nvidia CEO Jensen Huang reveals that high demand for the company's products is causing tension among customers. The demand for Blackwell chips has soared, causing suppliers to outsource hardware production. Nvidia's stock has slid 9.5%, causing the company's valuation to drop $278.9 billion.
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Code Of Conduct
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Free Speech
Elon Musk calls Australian government 'fascists' over social media law
Elon Musk has criticized Australia's Labor government for proposing legislation to fine social media firms up to 5% of their global revenue for enabling misinformation. The proposed law would require tech platforms to set codes of conduct and be approved by a regulator. Musk, who views himself as a champion of free speech, has faced criticism from other government lawmakers.
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Zomato teams up with IRCTC to offer food delivery service on trains
Zomato has partnered with RCTC to offer 'Zomato - Food Delivery in Trains', allowing passengers to order #meals from their train seats. The service is currently available in 88 cities and has delivered 10 lakh orders across 100 stations.
two people sitting in front of a dell sign with the words tech layouts dell says job cuts will continue for cost control and profits
Dell Technologies
Getting To Know
Dell says job cuts will continue for cost control and profitability concerns
Dell Technologies is set to reduce its workforce in the fiscal year ending in February 2025 to control costs amid concerns about declining demand for PCs and low profitability of AI-optimized servers. The company is focusing on expanding its business of selling high-powered AI servers. The stock has gained 39% this year.
an advertisement for the max to require 64 % stake in jaypeee healthcare at $ 1, 600 or value
Max to acquire 64% stake in Jaypee Healthcare at Rs 1,660 cr valuation
Max Healthcare Institute is set to acquire a 64% stake in Jaypee Healthcare for Rs 1,660 crore, a company undergoing the Corporate Insolvency Resolution Process. The strategic agreement with Lakshdeep Group will give Max Healthcare a controlling stake in JHL, including its flagship hospital. The transaction will be completed within 30 days, following the National Company Law Appellate Tribunal's approved revival plan.