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Wednesday, 7 July 2021

Down $831 billion, China tech firm selloff may be far from over

Beijing’s crackdown on DiDi Global right after its US IPO has put further selling pressure on China’s biggest technology companies, including Tencent, Alibaba, JD.com, Baidu and Meituan.

from Tech-Economic Times https://ift.tt/3hGEBcX

Rhiti and Kanodia Group collaborate for a new venture capital fund

Deep Pockets Capital Venture LLP, the venture capital fund of Rhiti Group and Kanodia Group, aims to incubate budding entrepreneurs and fund Indian tech startups with Rs 25 lakh to Rs 2 crore each.

from Tech-Economic Times https://ift.tt/3jWotqN

NCLAT allows withdrawal of Oyo insolvency case in setback to hoteliers

Oyo has reached an out-of-court settlement with hotelier Rakesh Yadav, but scores of others had approached NCLT with claims against the company that were said to be upwards of Rs 200 crore.

from Tech-Economic Times https://ift.tt/3hj3AnI

Industry.AI ties up with Sharper Shape for power grid management in India

Industry.AI and Sharper Shape will deploy cutting-edge data collection and AI technology in India for power grid management, Bharat Light & Power CEO Tejpreet S. Chopra says.

from Tech-Economic Times https://ift.tt/3wnuDm7

Cashfree brings on board veteran banker Arun Tikoo as SVP

Arun Tikoo brings with him to Cashfree over two decades of experience in senior leadership roles at lenders such as State Bank of India, Yes Bank, ICICI Bank and HDFC Bank.

from Tech-Economic Times https://ift.tt/3hjbNsb

Tuesday, 6 July 2021

Pitney Bowes reworks leave policy for a more inclusive workplace

Under the new leave policy, new mothers at Pitney Bowes will be eligible for six months of work from home (WFH) over and above the six months of paid maternity leave.

from Tech-Economic Times https://ift.tt/3wwj5xf

Chiratae Ventures to offer 48-hour turnaround on seed fund requests

Chiratae Sonic aims to accelerate and democratise the fundraising process for founders and ensure them quicker access to capital, Chiratae Ventures founder chairman Sudhir Sethi says.

from Tech-Economic Times https://ift.tt/3wjGaTv