BattRE expands its production capacity by 300%

Jaipur-based electric vehicles startup BattRE has announced that "It has now moved to bigger factory premises to meet the demand.  "With this expansion move, BattRE plans to raise its manufacturing capacity to 4000 units per month, which is a 300% increase overall," the statement said. Speaking on the development, Nishchal Chaudhary, founder of BattRE, said on the occasion, "This factory expansion will cater to the growing demand of e-scooters which we forecast to increase multi-fold in the next couple of quarters.

Snapdeal opens 130 new logistics hubs in 2021

India-based leading e-commerce marketplace, Snapdeal has announced that it has opened 130 new distribution hubs since January 2021 across all of India, covering 26 states and two union territories.  Snapdeal in its statement said that "The maximum number of these hubs are located in Maharashtra, Karnataka, Telangana, and Uttar Pradesh."  In addition, Snapdeal has augmented its logistics network in Jammu & Kashmir and the North-East. "The network expansion is serving the growing demand for online shopping

“Crypto should be deemed as a foreign asset,” Says R Gandhi, RBI’s Former Deputy Governor

Former Deputy Governor of Reserve Bank of India (RBI), R Gandhi on Tuesday said, "Crypto needs to be treated as a foreign asset and should be taxed based on its payment channels." Speaking at Crypto-asset conference 'HODL – 2021, organized by the Blockchain & Crypto Assets Council (BACC) of IAMAI, R Gandhi said, "On entry in a citizen's hand, crypto should be deemed as a foreign asset. It should be paid through normal channels when it is bought otherwise it will be deemed as mined and capital gained and taxed

IDBI Intech implementsanti money laundering solutions at LIC

IDBI Intech Ltd, a subsidiary company of IDBI Bank on Tuesday said that "It has successfully implemented their iAML (Anti Money Laundering) solutions at Life Insurance Corporation of India (LIC). "iAML will provide an Enterprise-Wide Single View of Risk & Compliance at transactions & customer level, harnessing Advanced Analytics, Workflow and Artificial Intelligence with a comprehensive set of pre-built rules and scenarios," IDBI Intech in its statement said. Speaking on the Development, Surajit Roy, MD &

Mankind Pharma encourages three year old boy to reach Everest base camp

Three years old, Heyansh Kumar from the city Haryana is gearing up to set a record by becoming the youngest mountaineer to scale the base camp to Mount Everest, the highest peak in the World.  Saluting this young boy's enthusiasm and undeterred attitude, Mankind Pharma, the leading pharmaceutical company has come forward and provided financial support to Heyansh and his family with a sum of 10 Lakh rupees. These funds will be utilized in further developing his skillsets. The 18-day expedition will begin on the

Reports: Amazon branded TV to launch in the U.S.

Amazon Inc. is reportedly planning to launch its Amazon-branded TV in the United States by the end of October this year. According to the media report, "The TV is powered by Amazon's voice assistant Alexa, and it is currently designed and manufactured by third parties, including TCL." Last year, Amazon launched its AmazonBasics TV in India.

mPokket names Vikram Singh as Head of Product

mPokket, an India-based instant loan provider app for college students and young professionals has appointed Vikram Singh as their new Head of Product. Vikram will lead mPokket's product team and develop the product strategy and roadmap that applies creativity, utilizes advanced technologies, and aligns with the Company's strategic goals. An accomplished product manager having built mobile, online web, and app products for both Indian and global customers, he will be managing a team of Product Managers and UX

NeuroPixel Ai secures $825K in series Seed round

Bengaluru-based deepetch SaaS startup NeuroPixel.Ai on Monday said, "It has raised $825K in a series seed round from Inflection Point Ventures and others." Led by Inflection Point Ventures, the round also saw participation from other investors including Entrepreneur First, Huddle, Dexter Angels, and Rishaad Currimjee. "The funds raised will be used for scaling up their R&D team to accelerate the transition of their product from beta to production, and for expanding their 'training set', a crucial piece of

RVCF leads $1 Mn round in Elixia Tech Solutions

Mumbai based logistics startup Elixia Tech Solutions has secured $1 million in pre-Series A round funding led by Rajasthan Venture Capital Fund (RVCF) in participation with other angel investors.  Elixia Tech is planning to scale up its presence in both domestic and international markets. Speaking on the funding, Sanket Sheth, Founder of Elixia Tech Solutions said, "This is a very important milestone. While supply chains have evolved from on-ground manual operations to something as advanced as digital twins, majority

Signzy appoints Sabir Shaikh as VP — Business Development for EMEA region

Banking workflow automation platform Signzy has announced the appointment of Sabir Shaikh as Vice President - Business Development (EMEA) to strengthen its leadership team and support the company's expansion plans in new and developing markets.  The announcement follows Signzy's recent entry into UAE in strategic partnership with Dubai's Seed Group. "Shaikh's appointment will power Signzy to build wider reach and visibility in Europe, Middle East, and Africa (EMEA), while also educating and empowering businesses in