Elon Musk is again the world’s richest person after SpaceX round
Elon Musk is back on top. The Tesla Inc. chief executive officer’s wealth rose to $199.9 billion after the rocket company he founded completed another funding round, vaulting him atop the Bloomberg Billionaires Index for the second time this year.
He surpassed Amazon.com Inc.’s Jeff Bezos, who briefly reclaimed the title as the world’s richest person this week after Tesla shares...
AI-based startup UptimeAI raises seed funding of $1.5 mn
UptimeAI, a company specialising in AI-based predictive maintenance software for heavy industries, has raised a total of $1.5 million in its seed funding from YourNest Venture Capital and other angel investors. This investment will help UptimeAI scale its core technology development efforts and expand its presence in multiple international markets, said a statement.
The company was founded in 2019 by...
HP Inc appoints Marie Myers as new CFO
PC and Printer major HP Inc has appointed company veteran Marie Myers as Chief Financial Officer (CFO). During her two decades with HP Inc, Myers served as Global Controller and Americas CFO of the company's Personal Systems business unit, among other roles.
In addition, she served as HP's finance lead during the separation of Hewlett-Packard Company in 2015, one of...
Nestle India shares tank 5 pc post Dec qtr earnings
Shares of Nestle India Ltd declined 5 per cent in early trade on Wednesday after its December quarter earnings failed to cheer investors.
The stock declined 5 per cent to Rs 16,360 on the BSE.
At the NSE, it tanked 5 per cent to Rs 16,350.
FMCG major Nestle India Ltd on Tuesday reported a 2.25 per cent rise in net profit...
India’s startup founders should focus on creating institutions, not just valuations: PM Modi
Prime Minister Narendra Modi on Wednesday urged India's startup founders to think how to create institutions and not focus on valuations alone.
Addressing the Nasscom Technology and Leadership Forum here, Modi said that startups should not restrict themselves only to valuations on exit strategies. They should think of creating an institution that can outlive this century by creating world class...
PHD Chamber of Commerce and Industry signs a MoU with SIDBI
PHD Chamber of Commerce and Industry and Small Industries Development Bank of India (SIDBI) signed a Memorandum of Understanding (MoU) on 16th February 2021 to facilitate providing of various credit & other schemes of SIDBI to Micro, Small and Medium Enterprises (MSMEs) in the country. Mr Sanjay Aggarwal, President, PHDCCI and Dr S S Acharya, General Manager signed the MoU at...
ACC RMX first in India to launch ECOPact- the Green Concrete to create a Sustainable
Embracing Innovation and Sustainability, ACC Ready Mix Concrete introduces its new low carbon range of concrete: ECOPact – the Green Concrete for high-performing, sustainable and circular construction. Launched in Mumbai and Hyderabad, ECOPact range will be rolled out across India in a phased manner in the next few weeks. The rollout of ECOPact is a key plank towards advancing...
Month Long Energy Conservation Drive “Saksham” Concludes
Raipur : In order to create awareness towards Clean & Green Energy a month long awareness drive "Saksham" was organised by Petroleum Conservation Research Association (PCRA) in Chhattisgarh from January 16th to February 15th. The drive which was also suppored by various petroleum companies and Ministry of Petroleum & Natural Gas, Government Of India concluded yesterday.
According to a...
HOW TO LAUNCH AND GROW SUCCESSFUL STARTUPS?
In today’s time with the rising acceptance of entrepreneurship and a fast-developing ecosystem of peers, investors, mentors, incubators, Government & Corporates, there has never been a better time to start up. However, the failure rate among startups remains as high as 90% with ~ 80% facing closure within the first 18 months. Keeping in mind the challenges in the...
Gopi Raja wins EO Bhopal Hosted Global Student Entrepreneur Awards (GSEA) at India National Finals
Entrepreneurs Organisation on Saturday announced the winner of EO GSEA India National Finals. Ambula Gopi Raja, a student entrepreneur from EO Karnataka Chapter emerged as the winner from India. He was felicitated in a virtual award ceremony, which was hosted by EO Bhopal. Ambula also received a cash prize of Rs.1,00,000 and secured his place to compete in the...