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Eruditus becomes second-largest revenue-grossing edtech firm

Eruditus becomes India’s second-largest revenue-grossing edtech firm after it reported an 87% increase in its operating revenue for FY22 at $245.2 million. This is higher than the FY22 revenues reported by edtech unicorns such as Unacademy, Physics Wallah, upGrad, and Vedantu. However, it is lower than the FY21 revenue reported by BYJU’S, which is yet to report its FY22 numbers. ...

Twitter to verify the top 10,000 most-followed firms for free

Twitter is giving a free pass to the 500 advertisers that spend the most on its platform as well as the top 10,000 organizations by follower count. The decision comes as Twitter is preparing to make major changes to the way verification works on Twitter. It will start winding down the legacy verified program in April and announced plans for Twitter Verification for Organizations. ...

Samsung to open 15 premium experience stores across India

Samsung has announced it will set up 15 premium experience stores across top metro cities in India by the end of 2023, bringing in exciting new technology experiences for consumers and creating a benchmark in premium electronics retail in the country....

Dentsu Global Services appoints Ashish Khanna as CEO

Dentsu has appointed Ashish Khanna as the global CEO of Dentsu Global Services (DGS). In this role, he will lead the agency’s teams of over 8,500 people across the globe. Khanna was earlier with Genpact, where he was the COO. His mandate will be to modernise the operations of the global capability to drive sustainable impact for dentsu’s global clients and employees. ...

Blackrock downgrades the valuation of Byju’s and Swiggy

Think & Learn Pvt., the parent company of Byju's, is in the news from last six months of the Balance sheet, as the companies auditor Deloitte not approved the financial of 2021 because of certain revenue recognition practices. Byju’s has 150 million registered users, has since been plagued by challenges, including a long-delayed filing of audited financial statements and a truncated fundraising this year....

Southern Railway's official Facebook account hacked

Southern Railway said that its official Facebook page was hacked by "unknown sources" who put up offensive posts. The page was hacked on Tuesday and "a few offensive posts were shared by the hacker. ...

Anand Athreya to become new CEO of Tejas Networks, Sanjay Nayak retires

Tejas Networks has appointed Anand Athreya as the CEO and MD as the present CEO and MD, Sanjay Nayak will take voluntary retirement from the services to pursue other personal interests. Athreya will join the company from April 3, 2023....

ASUS India Launches ‘Select Store' in India for Refurbished PCs

ASUS India, a Taiwanese tech giant, today announced the launch of the first 'Select Store' in India for refurbished personal computers (PCs). The new store will provide customers with access to high-quality refurbished PCs that have been carefully inspected and restored to excellent condition, at an affordable price....

Government to soon announce PLI for drones

The government will very soon announce the first set of production-linked incentives for drones, civil aviation secretary Rajiv Bansal said. While 15 drone categories have been certified so far, Bansal said the government is promoting a scheme for creation of airports, heliports and seaports. There has been progress on small airfields and that work is in progress on heliports....

Microsoft brings the power of AI to cyberdefense with Security Copilot

Microsoft Corp. is bringing the next generation of AI to cybersecurity with the launch of Microsoft Security Copilot. It will give defenders a much-needed tool to quickly detect and respond to threats and better understand the threat landscape overall. Security Copilot will combine Microsoft’s vast threat intelligence knowledge with industry-leading expertise through an easy-to-use AI assistant....