US President-elect Donald Trump’s crypto policy is taking shape with the announcement of a White House crypto czar and a new securities watchdog, but questions remain over who will drive policy and whether too many cooks could slow down changes. Trump on Thursday appeared to make good on his campaign pledge to be a “crypto president,” announcing he would make former top PayPal executive and crypto evangelist David Sacks “White House A.I. & Crypto Czar.” A day earlier, Trump said he would nominate pro-crypto Washington attorney Paul Atkins to head the Securities and Exchange Commission. While crypto executives cheered the…
Author: DF Manager
Skava Pvt. Ltd., a wholly owned subsidiary of Infosys Ltd., was recently liquidated by the National Company Law Tribunal (NCLT) effective from November 14, 2024. The liquidation of Skava Pvt. Ltd. was ordered by the NCLT. Infosys received a certified copy of the order on November 28, 2024. The NCLT’s decision was based on Skava’s reclassification from “held for sale” status in 2019 and its net worth of Rs 2.72 crore as of March 31, 2024. Infosys shares fell by 3.53% following the announcement of Skava’s liquidation. Infosys had initially acquired Skava, a digital commerce firm, for $120 million in…
The Ministry of Textiles has approved two start-ups in the field of Technical Textiles under the National Technical Textiles Mission (NTTM). These start-ups have received a grant of approximately INR 50 lakhs each under the ‘Grant for Research & Entrepreneurship across Aspiring Innovators in Technical Textiles (GREAT)’ scheme. The names of the two start-ups approved for their innovative projects in Sustainable Textiles and Medical Textiles are not explicitly mentioned in the available information from the Ministry, as of yet. However, the approved Start-Up projects are focused on key strategic areas of Sustainable Textiles and Medical Textiles. Focus Areas:Sustainable Textiles: Innovations…
In the vast and rapidly growing construction industry, procurement remains one of the most critical yet challenging aspects. Projects often face delays, budget overruns, and inefficiencies due to fragmented communication, lack of transparency, and a heavy reliance on outdated manual processes. These issues result in a significant impact on timelines and costs, hindering the smooth execution of construction projects. With numerous stakeholders involved—ranging from project managers and procurement teams to suppliers and subcontractors—streamlining these processes has been a long-standing problem that the industry has struggled to address. Recognising these inefficiencies, Aravind Maroju saw an opportunity to leverage technology to bring…
NEW DELHI: SanchiConnect, a community for DeepTech startups, investors, enterprise partners and mentors, on Thursday, announced its partnership with the Alliance for Commercialisation and Innovation Research (ACIR), with the aim of enhancing the implementation and adoption of its flagship software platform, which promotes global best practices for startup incubation and acceleration. This collaboration will open doors for the adoption of SanchiConnect’s incubator digital transformation platform globally.ACIR, a non-profit organisation which aims to foster entrepreneurial ecosystems and promoting innovation, will leverage SanchiSaaS to enhance the management and efficiency of its partner programs across multiple regions.SanchiSaaS aims to revolutionise how incubators operate,…
ImElon Musk’s artificial intelligence startup, xAI, has made waves in the tech world with its second major fundraising round of 2024, securing an additional $6 billion. This monumental feat, achieved with the participation of nearly 97 investors, highlights xAI’s aggressive ambitions to expand its capabilities and challenge major players like OpenAI, Google, and Jeff Bezos-backed Anthropic. Massive Expansion of the Colossus Supercomputer A key driver of this funding round is xAI’s plan to expand its Colossus supercomputer, which currently operates with a cluster of 100,000 Nvidia GPUs. The company is setting its sights on scaling this to more than one…
All Things Baby (ATB), a curated platform for mother and baby products, has raised Rs 30 crore in a Series A funding round from investors Richa Choksi and Inoventures, the family office of Manish Choksi. “All Things Baby’s strong leadership, unique approach, and scalable model make it a standout player in India’s parenting market. We are thrilled to support their vision and look forward to being part of their journey as they continue to innovate and grow,” said Manish Choksi, Chief Investment Officer of Inoventures. All Things Baby’s offerings Founded in 2016, All Things Baby aims to provide Indian parents…
Enterprise software is at a turning point. For the last 2 decade Software-as-a-Service (SaaS) dominated as the go-to model for businesses, offering scalable, accessible solutions for almost any operational need. Today, however, we’re seeing a fundamental shift. The average number of SaaS applications used by an enterprise decreased by 14% in 2023. The enterprise software landscape is being transformed by the rapid development of artificial intelligence and the rise of new use cases driven by changing consumer behavior. And it’s not a gradual evolution, it’s a complete paradigm-change. The disruptor is getting disrupted. What’s replacing it is something far more…
US-based storage and data management firm NetApp India on Monday announced it has elevated Vasanthi Ramesh as Managing Director of NetApp India. In her new role in addition to her existing role as VP, of Engineering, Unified Manageability Framework, she will oversee NetApp’s strategic initiatives in the region and drive continued innovation and growth for the company. With nearly 30 years of experience in enterprise software and consumer technology, Ramesh has been instrumental in shaping NetApp’s manageability and data protection portfolio, focusing on solutions that serve customers across both traditional data centres and public clouds. Ramesh will now lead…