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Purplle Secured Funding of INR 1,000 Cr and Launches ESOP
Purplle has secured a substantial funding boost of INR 1,000 crore from Abu Dhabi Investment Authority (ADIA) and other investors. This round of funding, which included both primary and secondary share sales, marks a significant milestone in Purplle’s growth journey. The company, however, has not disclosed the names of the other participating investors. Significant Funding […]
Global IndiaAI Summit 2024: Advancing Ethical AI Innovation
The Ministry of Electronics and Information Technology (MeitY) is set to host the Global IndiaAI Summit 2024, aiming to foster ethical and inclusive AI growth. This significant event will bring together international AI experts from various sectors, including science, industry, civil society, governments, international organizations, and academia, to share insights on key AI issues and […]
IBM Partners with Gujarat Govt to Launch AI Cluster at GIFT City
Recently IBM has taken a significant step to deploy an AI cluster at the Gujarat by partners with the Gujarat Govt. This partnership aims to deploy an AI cluster at the Gujarat International Finance Tec-City (GIFT City). The deployment of this AI cluster is expected to revolutionize the financial sector within GIFT City. This partnership […]
India Extends 2% Digital Tax on Ecommerce Until June 30, 2024
Recently India government decided to extends the 2% digital tax on ecommerce supplies until June 30, 2024. This move clarifies that American digital companies operating in India must continue to pay this tax during the specified period. The extension reflects ongoing negotiations between the two nations to address the broader issues surrounding digital taxation. Understanding […]
NoBroker FY23 Financial Performance: Growth and Challenges
The real estate market is buzzing with the NoBroker FY23 financial performance. Despite significant growth in revenue, the company faced a substantial increase in losses for the fiscal year 2023. This article delves into the financial performance of NoBroker, shedding light on the key figures and trends that have marked its journey. Key Financial Highlights […]
Janak Malkani Appointed Head of WeWork India to Expand
Recently Janak Malkani appointed as a head of WeWork India by WeWork. This step counted as a significant step for company sales lead for the West region. This strategic move aims to strengthen WeWork’s position in the Indian real estate market, especially in the managed office sector. Janak Malkani’s Background Janak Malkani is joining to […]