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BW Businessworld VerSe Innovation Raises Over USD 100mn From AlphaWave, Google And Microsoft VerSe Innovation's proprietary technology platform also powers various technology solutions including over 300 million users on Dailyhunt to consume content in their local language. Photo Credit : VerSe Innovation, which runs Dailyhunt and short video app Josh, on Tuesday said it has completed an over USD 100 million (about Rs 739 crore) fund raising round from AlphaWave, Google and Microsoft. Existing investors, Sofina Group and Lupa Systems also participated in this round, a statement said. With th...

Govt invites bids for sale of its 63.75% stake in Shipping Corporation The government has invited bids for its entire stake in the Shipping Corporation of India, paving the way for yet another privatisation of a state-owned company after BPCL. The interested buyers will have to submit an expression of interest to acquire the government’s 63.75 per cent stake in the shipping company by February 13, 2021. Buyers can submit their queries to transaction adviser by January 23, said the preliminary information memorandum released by the government. New coronavirus strain still not found in Indi...

Dec 23 2020, 6:29 PM December 22 2020, 12:46 PM December 23 2020, 6:29 PM (Bloomberg) -- Google investments helped create India’s two youngest technology unicorns: a pair of startups that feed personalized news and entertainment to the world’s fastest-growing smartphone population. (Bloomberg) -- Google investments helped create India’s two youngest technology unicorns: a pair of startups that feed personalized news and entertainment to the world’s fastest-growing smartphone population. Glance, which feeds news and sports scores to phone-lock screens, is said to have reach...

India govt opens bids to sell majority stake in Shipping Corp of India At current stock prices, SCI's total market value is about ₹4,000 crore 1 min read The government said the deadline for submitting initial bids would be February 13. Share Via Read Full Story The Indian government today invited bids to sell its 63.75% stake in Shipping Corporation of India (SCI) to a private investor, in a key asset sale that was delayed due to the coronavirus pandemic. In a statement on Tuesday, the government said the deadline for submitting initial bids would be Feb. 13. TRENDING STORIESSee All 2 min...

HC allows Amazon to oppose FRL-RIL deal A file photo of Amazon founder and CEO Jeff Bezos. (AP) Share Via Read Full Story The Delhi high court permitted Future Retail Ltd (FRL) to proceed with the sale of its assets to a unit of Reliance Industries Ltd (RIL), leaving it to regulators to decide the fate of the deal, while allowing Amazon.com Inc. to approach appropriate forums to oppose the transaction. In its ruling on Monday, a single-judge bench of the Delhi high court said the ₹24,713-crore transaction between Future group and Reliance Retail Ventures Ltd did not violate any statutory ...