Edtech layoffs continue to surge as WhiteHat Jr fires 300 employees

Byju’s owned online coding provider WhiteHat Jr. has reportedly laid off around 300 employees, in a string of job cuts, after accepting resignations from over 1000 employees during April -May due to the release of a mandate to resume ....

Dalrada, Banyan Infrastructure partner to create ESG banking solutions

Dalrada Energy Services (DES) is reportedly teaming up with software firm Banyan Infrastructure to offer advanced and secure cloud-based software-as-a-service (SaaS) solutions as well as strengthen banking transparency for projects focusing....

Amazon launches its first fully autonomous warehouse robot Proteus

Amazon has reportedly launched its first fully autonomous mobile robot which is predominately created to transport huge containers across its warehouses. The robot, called the Proteus, is unlike some of the retailer’s earlier robots t....

Microsoft to abandon face analysis technology in “responsible AI” push

Microsoft Corporation is reportedly planning to restrict access to its facial recognition technology and discontinue sales of its tool that reads emotions based on a facial image. After a year of deliberating whether the emotional recogniti....

Audi to develop electric rickshaws for India through Nunam partnership

Amidst India’s transition to electrification, various multinational automakers are looking to capitalize on the growing market with strategic collaborations and innovative product launches. One such company, Audi AG has reportedly tea....

Shoprite’s customer data compromised in RansomHouse’s malware attack

A ransomware group known as 'RansomHouse' has reportedly claimed responsibility for carrying out a cyberattack on Africa's largest retailer Shoprite Holdings Ltd., compromising customer data such as names and ID numbers. While n....

Air India to buy 300 planes to regain market share under new ownership

Air India Ltd. is reportedly contemplating placing one of the largest orders in commercial aviation history, of up to 300 narrow-body aircraft as the formerly state-run airline prepares to modernize its fleet under Tata’s supremacy. ....

ShareChat parent Mohalla Tech raises USD 78 Mn Series H funding

Mohalla Tech, the parent company of social media platform ShareChat, has reportedly secured a series H round of USD 78 million at a valuation of USD 4.9 billion. The round was initiated by Singapore-based Temasek Holdings and Google’s....

Facebook app likely to undergo major redesign to better compete TikTok

Several Meta executives including Facebook CEO Mark Zuckerberg have long made it clear that outshining short-video platform TikTok is their current priority. To that effect, the social networking giant is now planning for a major redesign o....

LG to foray into South Korean logistics market with its robotic tech

LG Electronics, the prominent South Korean electronics giant, has reportedly announced its plan to enter the rapidly expanding logistics sector along with its innovative robotic technology. The move comes under the company’s efforts t....