Page 24 - Tech Prowess News Today

Coworking space company, Awfis Space Solutions, will launch its initial public offering (IPO) on May 22, the companys red herring prospectus showed.

According to International Data Corporations (IDC) quarterly device tracker, the PC (personal computer) market in India recorded 3.07 million shipments in the January-March period, up from 2.99 million recorded in the corresponding period last year.

Born out of the merger between L&T Infotech and Mindtree in November 2022, LTImindtree has seen several exits over the past year which the CEO Debashis Chatterjee recently attributed to “business as usual” and is comfortable with its leadership team on board for growth going forward..

Naukri parent Info Edge reported Rs 60.4 crore in quarterly profit in Q4 FY24. The company approved a dividend of Rs 12 per share for shareholders.

Infibeam Avenues, the Ahmedabad-based company behind CCAvenue payment gateway and BuildaBazaar enterprise software, saw its annual revenue soar by 61% to Rs 3,171 crore in FY24, compared to Rs 1,962 crore the previous year. Profit after tax also jumped significantly, rising 55% to Rs 147 crore from Rs 94.6 crore.

Kartik Gupta, Olas CFO since November 2023, is stepping down just two weeks after chief executive Hemant Bakshi left the firm.

The company expects its differentiated business model, expanding presence in tier-1 and tier-2 cities and increasing demand from large enterprises and startups to help make its public listing a success and drive future growth, founder and managing director Amit Ramani told ET on the sidelines of a pre-IPO conference in Mumbai.

The report, titled ‘Generative AI in Asia Pacific, said 93% of students and 83% of employees in the country are actively engaging with GenAI.

Acacia Inclusion is a new investor in Battery Smart, as are MUFG Bank and PC-SBI Kurashi Fund. Returning investors are Blume Ventures, British International Investment and Ecosystem Integrity Fund, who have increased their investment, documents filed by the firm with the Registrar of Companies showed.

Online astrology startup InstaAstro will use the capital to enhance the platform, onboard more astrologers, expand its footprint and build a stronger brand presence. The Noida-based company is also launching new spiritual ecommerce, daily pooja, and Reiki healing services.