News Update

growX was one of the earliest backers of Pixxel and this exit brought in 17 times the amount originally invested, with a 68% annual return over 5.5 years.

The company said the employee was on personal leave and had requested time off in early April, which was approved. Ola Krutrim also mentioned that they are supporting the family and working with the authorities.

The new solar plant will benefit both Bhutan and its neighbors, including India, by providing more clean energy.

It will focus on both front-end and back-end chip design. CEO Raghu Panicker said the company will also train 80 to 100 students each year in advanced chip design technologies.

The layoffs are part of VerSe’s plan to use automation, cut costs, and improve how the company runs, as it aims to become profitable by the end of FY25.

This new plant is expected to become Foxconn’s second-largest iPhone manufacturing facility after its unit in China.

The government began the plan to create an Indian AI model in January this year because foreign AI models are trained on Western data and don’t fit well with Indian languages and situations.

Devanathan, who has led Meta India since November 2022, will now oversee major markets like Indonesia, Vietnam, Thailand, and the Philippines—countries seeing rapid growth in mobile internet and e-commerce.

Responding to Pitti’s claims, MakeMyTrip said on Thursday that it is an Indian company and follows all the country's laws and data privacy rules, according to PTI.

The firm had invested ₹116 crore over several rounds in the past 10 years, and this exit gave them more than 11 times that amount in return.