India’s leading logistics provider, Delhivery, has announced a strategic partnership with Teamglobal Logistics to enhance its ocean freight capabilities. This collaboration aims to deliver a more integrated and efficient logistics solution for businesses involved in global trade, focusing on streamlining Less than Container Load (LCL) shipments and expanding service reach to over 120…
Myntra, the popular fashion retailer owned by Flipkart, is now testing a groundbreaking four-hour delivery service in select cities, including Bengaluru and New Delhi. This trial represents a significant shift from the platform’s standard 2-3 day delivery timeframe and highlights the increasing demand for expedited deliveries in India’s rapidly growing quick commerce sector.
Myntra’s New…
Amazon Web Services (AWS) has announced the selection of seven Indian startups for its prestigious Global Generative AI Accelerator program. Out of 80 companies chosen worldwide, these Indian innovators—Convrse, House of Models, Neural Garage, Orbo.ai, Phot.ai, Unscript AI, and Zocket—stand out as leading players in the generative AI space. This notable inclusion underscores India’s…
Established in 2016, the Government eMarketplace (GeM) has emerged as a transformative force in public procurement, evolving into one of the largest Business-to-Government (B2G) procurement platforms globally. What began with a modest gross merchandise value (GMV) of INR 422 crore has surged to an impressive INR 4 lakh crore (approximately USD 50 billion) in 2024, marking a significant leap in its…
Amazon CEO Andy Jassy has announced a significant shift in the company’s work policy, mandating that all employees return to the office five days a week starting January 2, 2025. This new directive marks a departure from the current hybrid model, which requires employees to be in the office at least three days per week.
In his message to Amazon’s 1.5 million employees, Jassy emphasized that…
The Securities and Exchange Board of India (SEBI) has recently introduced several significant regulations aimed at enhancing transparency and investor protection across India’s financial markets. Here’s a brief overview of these updates:
Revised Charge Structures for Market Infrastructure Institutions
SEBI is addressing inconsistencies in the fee structures of Market Infrastructure…
Futwork, a Mumbai-based mobile app that revolutionizes contact center solutions, has successfully secured INR 21 crore in a Series A funding round. The investment was led by the Michael and Susan Dell Foundation and Artha Venture Fund, with additional participation from D2C Insider Angels and investor Abhishek Goyal, Founder of Tracxn. This significant funding follows a previous seed round in…
Are you ready to elevate your career in information technology (IT)? With the IT industry experiencing rapid growth and offering lucrative opportunities, now is the perfect time to embark on a new professional path. According to the U.S. Bureau of Labor Statistics, IT jobs not only grow faster than many other fields but also offer median wages significantly higher than the national average.
If…
Temasek Holdings Pte is nearing a deal to acquire a substantial minority stake in VFS Global, valuing the visa outsourcing and technology services company at approximately $7 billion, including debt. The Singapore state-owned investor is expected to purchase about 20% of VFS Global, which is currently controlled by US alternative asset manager Blackstone Inc. The deal, which could be announced as…
London-based regulatory technology firm Novatus Global Limited has successfully secured $40 million in a new funding round led by Silversmith Capital Partners. This investment highlights the increasing demand for advanced solutions to manage complex regulatory challenges in the financial sector. The Boston-based growth equity firm, known for its investments in Constructor and Impel, will support…
