Page 17 - Tech Process News Today

Dunzo has been struggling to finalise crucial funding amid a cash crunch, as a valuation mismatch among stakeholders has become a point of contention between investors, ET reported on August 22.

Some technology experts believe innovative commercial software developers now entering the arms market are challenging the dominance of the traditional defense industry, which produces big-ticket weapons, sometimes at glacial speed.

Delegates and other guests visiting the Digital India Experience Zone, set up at the Bharat Mandapam, will also be able to experience the journey of Digital India initiatives via virtual reality.

The total funding in late-stage startups, driven by Ather and Ola Electric, amounted to $292 million, accounting for nearly two-thirds of the fund infusion this week. Early-stage startups secured $131 million, while seed-stage startups received $24 million.

Startups are being asked for three-year income tax returns (ITRs) of their shareholders by the department, he said.

The government had also opened a portal to crowdsource ideas from citizens and stakeholders for Bengalurus development, who could add their suggestions on the Brand Bengalurus official website.

The FAA, which regulates launch site safety, closed its review on Thursday of SpaceXs technical investigation into the launch mishap, according to an FAA safety officials letter sent to SpaceX that day.

Apple shares have tumbled 6.4% over the last two days, wiping $190 billion from its market capitalisation, following news Beijing ordered some central government employees in recent weeks to stop using iPhones at work.

The Chinese technology conglomerate has concluded it could likely achieve a valuation of around $4 billion for Freshippo, which is lower than the $6 billion to $10 billion it was targeting when it considered raising a private funding round last year, according to the report.

While the oversubscription does not guarantee strong IPO performance, it is a positive sign for Arm. It makes it more likely that the company will, at a minimum, reach its targeted price range of $47 to $51 per share, a source said.