Page 22 - Tech Top News Today

Well soon meet in your inbox. Please wait... “The Covid-19 pandemic has pushed several trends into the spotlight, such as e-commerce and strengthening the supply chain. More than ever, we see the importance of ensuring our ports remain efficient and capable of quick turnaround… with the support from Ramco Systems, MMC is committed to accelerate digital transformation that delivers efficiency, productivity and reliability within our ports to provide the best-in-class service for our customer...

ETtech Deals Digest: Swiggy, ShareChat raise funds this week SECTIONS Last Updated: Apr 09, 2021, 08:16 PM IST Share ETtech Illustration: Rahul Awasthi Some hefty funding deals this week propelled a number of startups into the unicorn club. But we start with food ordering platform Swiggy, which is building a war chest to take on IPO-bound Zomato. Swiggy gets $800 million in funding Liking this story? SUBSCRIBE Well soon meet in your inbox. Please wait... Swiggy has raised $800 million from inv...

TCS wins contract from Ericsson to build cloud-based R&D workplace SECTIONS Last Updated: Apr 09, 2021, 06:19 PM IST Share Synopsis Tata Consultancy Services (TCS) is launching a state-of-the-art 24x7 Command Centre in Hyderabad to help accelerate Ericsson’s R&D and product development environment. Tata Consultancy Services Ltd. (TCS) has won a contract from Swedens Ericsson SA to help the networking and telecommunications company build and operate its cloud-based R&D digital workplace. The ...

Well soon meet in your inbox. Please wait... A Twitter spokesman declined to comment. A Clubhouse representative didn’t immediately respond to a request for comment. Bloomberg News reported earlier this week that Clubhouse is in talks to raise funding from investors in a round valuing the business at about $4 billion. After the talks with Twitter failed to proceed, Clubhouse began to explore whether it made sense to raise financing at that valuation instead. The app lets users host their own...

Well soon meet in your inbox. Please wait... This is Gupshups first financing round in a decade, having last raised Rs 50 crore ($10 million) in 2011 at a valuation of Rs 1,000 crore (around $218 million at the time). It counts CRV, Globespan Capital Partners and Helion Ventures among its investors. Gupshup chief executive Beerud Sheth told ETtech this financing is part of a larger round, with more investors expected to join in at a later stage, that could provide an exit to some of its existi...

Well soon meet in your inbox. Please wait... So far, the startup has raised more than $120 million, including the latest round. Founded in 2015, Spinny pivoted from its customer-to-customer model to its current full-stack model, where it buys, refurbishes and sells used cars. The platform sells close to 1,500 cars every month and is growing at a steady rate of 15-16% month-on-month, founder and chief executive officer Niraj Singh told ET. By the end of the year, Singh said, Spinny wants to near...

Infosys wins long term IT BPM from ArcelorMittal SECTIONS Last Updated: Apr 08, 2021, 04:02 PM IST Share Synopsis Infosys will offer application management and business process management (BPM) services to ArcelorMittal. The deal value was not disclosed. ETTelecom Bengaluru: Infosys has won a long term contract from ArcelorMittal for digital transformation of the European operations of the worlds largest steel maker. Infosys will offer application management and business process management (BPM...

Govt IT spending in India to grow 11.4% to $7.3 billion in 2021: Gartner SECTIONS Last Updated: Apr 08, 2021, 06:06 PM IST Share Synopsis A national covid vaccination drive, the first-ever digital census and the shift to online learning are the factors increasing government IT spending this year. Agencies Bengaluru: IT research firm Gartner has forecast government IT spending in India to see 11.4% growth to $7.3 billion in 2021. Government spending in India will return to growth in 2021 after d...

Pharmeasy parent enters unicorn club at $1.5 billion valuation SECTIONS Share Synopsis Pharmeasy’s $350 million funding round comes at a time when Reliance, Tata Group and Amazon are looking to tap the online pharmacy business by way of acquisitions. ETtech Pharmaeasy is the seventh startup unicorn this year, after Cred, Meesho, Digit Insurance, Innovaccer, Infra.Market and Five Star Finance. (Illustration: Rahul Awasthi/ETtech) Bengaluru: Prosus Ventures and US-based private equity firm TPG ...

Well soon meet in your inbox. Please wait... Existing investors Sequoia India, Ribbit Capital, YC Continuity and Propel Venture Partners also participated in the round. The deal values the company at close to $1 billion. ET first reported on the impending deal on March 1. Founded in 2017 by former Flipkart employees Lalit Keshre, Harsh Jain, Neeraj Singh and Ishan Bansal, Groww is an investment platform with more than 15 million registered users. The Bengaluru-based startup, targeted at millen...