Page 24 - Data Science For News Today

Ola Electric Mobility raised Rs 410 crore from EvolutionX Debt Capital, supported by DBS and Temasek. Founder Bhavish Aggarwal is pitching the IPO to global investors, aiming for a $7-8 billion valuation.

RBIs netbanking interoperability aids fintech growth. Amit Kapoor recommends infrastructure interoperability. Rohan Lakhaiyar highlights cost reduction benefits. Sunil Kulkarni praises UPIs expansion. R Gandhi pushes QR-code harmonization for merchant digitization.

Ecommerce sales grew 12-15% in Q1, slower than 2023. No major smartphone launches; fashion clearing inventory. Inflation affects online retail. Beauty brands show growth amidst sluggish market. Home furnishing and offline sales grow.

Gmail came equipped with Googles search technology so users could quickly retrieve a tidbit from an old email, photo or other personal information stored on the service. It also automatically threaded together a string of communications about the same topic so everything flowed together as if it was a single conversation.

The finances of the parent, centred on ecommerce platform Rakuten Ichiba, have suffered since its 2020 launch of a mobile carrier that led to 14 straight quarters of operating losses.

Simplilearn, led by Krishna Kumar, aims for profitability, with focus on partnerships and core profitability metrics. The company targets customers with 1-10 years experience, halting unsuccessful experiments like job guarantees and expansion into new markets.

IPO-bound Ola Electric retains its market leader tag with 328,785 units registered in FY24, the Vahan portal shows. The number has more than doubled from FY23 at 152,741. In the March quarter, the company saw 119,310 registrations, as against 84,133 units in the previous quarter.

The European Commission has been investigating Microsofts tying of Office and Teams since a 2020 complaint by Salesforce-owned competing workspace messaging app Slack.

Last month SoftwareOnes present board pitched a compromise proposal that recommended electing "a proportionate number" of the founding shareholders nominees to the board. These nominees would be von Stockar, Annabella Bassler and Andrea Sieber.

The Silicon Valley of South Asia has a nature issue -- a pain point that software cannot solve. In the sprawl beyond Bengalurus core, where dreams of tech riches usually grow, schools lack water to flush toilets. Washing machines have gone quiet. Showers are being postponed, and children with only dirty water to drink are being hospitalized with typhoid fever.