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Schneider Electric acquires Zeigo to boost Digital Procurement Capabilities Globally

Schneider Electric has acquired start-up climate-tech platform Zeigo to enhance the company’s digital capabilities in energy, sustainability, and environmental commodity consulting....

Crypto start-ups optimistic about the Crypto Bill in the Union Budget

With both the finance ministry and Reserve Bank of India (RBI) mulling on the future course of action, the continuous debate over the regularisation of cryptocurrencies in the India market has been running for a long time. ...

Delhivery’s Rs 7,460-crore IPO gets approval of SEBI

The Securities and Exchange Board of India has given a thumbs up to the proposed Rs 7,460-crore initial public offering of Delhivery, making the Gurugram-based startup the first unicorn this year to have obtained the stock market regulator’s nod to list on domestic bourses....

Microsoft funds $50 million in LanzaJet for sustainable datacenter fuel

The Climate Innovation Fund of Microsoft has invested $50 million in LanzaJet. The money will go toward the construction of the Freedom Pines Fuels Plant in Soperton, Ga., which LanzaJet says is the world's first alcohol-to-jet sustainable fuel production plant....

Piyush Goyal requests Global Venture Capital Funds to focus on Startups from Tier 2 and 3 cities

Chairing the 4th Roundtable with Global Venture Capital Funds, organized by the Department for Promotion of Industry and Internal Trade (DPIIT), Union Minister of Commerce & Industry, Consumer Affairs, Food & Public Distribution and Textiles,...

FTX announces $2 billion Ventures fund, appoints Ex-Lightspeed Partner Amy Wu

FTX Trading Limited has announced the launch of FTX Ventures, a $2 billion venture capital fund focused on backing the world's best teams building in the digital asset ecosystem. FTX Ventures' core mission is to advance ...

TCS, Wipro, Infosys engaged record 1.7 lakh employees in 2021

TCS, Infosys and Wipro had added a record 1.7 lakh employees for 2021, a multi-fold increase from the 31,000 they had hired in 2020. This jump in hiring comes on the back of acceleration in digital technologies and rising attrition. For the first three quarters of FY22, the three companies hired 1.34 lakh employees, compared with 35,000 between April and December 2020....

Paytm stock slides over half of IPO investors' wealth in less than 2 months

One97 Communication founder Vijay Shekhar Sharma comments it seems nothing can stop the slide in the company’s shares. One97 Communications, owner of the Paytm brand, got listed with much fanfare two months back. But the jubilant mood soon turned into gloom as the stock saw the worst debut on bourses in a decade. ...

Firefox Browser down due to 'Infinite Loop' Technical Issue

The Firefox browser has stopped working due to a technical issue, with sites failing to load and no status information being provided to users. The issue appears to be due to a HTTP3 problem. It appears that a recent update to the browser triggers an infinite loop in the network thread that prevents any pages from loading, leaving the browser useless....

Elastic elevates Ashutosh Kulkarni to CEO

Elastic has announced the promotion of Ashutosh (Ash) Kulkarni to CEO and his nomination to the Board of Directors. Kulkarni will succeed Founder and CEO Shay Banon, who reassumes the role of Chief Technology Officer, and will continue to serve on the Board of Directors....