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TechCrunch

12h
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Rivian’s software boss is ‘super excited’ about third-party apps

  • Rivian's chief software officer, Wassym Bensaid, expressed excitement about third-party apps and an ecosystem of partners developing their own apps for Rivian's vehicles.
  • Rivian aims to create a software environment where different applications can work with and on the vehicle's software, potentially leading to new revenue opportunities.
  • The company has already engaged with TezLab, a platform for Tesla owners, and is in discussions with other potential partners.
  • Rivian is working towards developing a robust and well-documented software development kit for app developers.

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Bloomberg Quint

12h

Salesforce India FY24 Profit Surges 40% To Reach Rs 888 Crore

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  • Salesforce India's net profit for fiscal 2023-24 surged by 40% to reach Rs 888.3 crore.
  • The company's revenue also grew by 36% to Rs 9,116 crore, crossing the $1 billion mark for the first time.
  • Salesforce is leasing a 12-storey building in Bengaluru, making it the 10th city globally to have a 'Salesforce Tower'.
  • The company aims for 8-9% growth in the global topline to $38 billion in fiscal 2024-25.

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TechCrunch

12h

Mozilla Foundation lays off 30% staff, drops advocacy division

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  • The Mozilla Foundation, the nonprofit arm of the Firefox browser maker Mozilla, has laid off 30% of its employees.
  • The layoffs are part of a reorganization aimed at increasing agility and focus on ensuring a more open and equitable technical future.
  • The layoffs affect the foundation's advocacy and global programs divisions, which are no longer part of the organization's structure.
  • Mozilla's executive director cites the need for a unified narrative and hard choices in the face of a rapidly changing technology landscape.

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Inc42

12h

Pixxel’s Commercial Satellite Constellation To Be Launched Early Next Year

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  • Spacetech startup Pixxel is set to launch its commercial satellite constellation called Fireflies early next year.
  • The constellation will consist of six hyperspectral satellites with more than 150 spectral bands, offering unparalleled imaging capabilities.
  • Pixxel plans to expand the constellation to 24 satellites by 2025, each weighing around 50 kg.
  • The data from the Fireflies constellation will have applications in agriculture, mining, environment, and more.

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Yourstory

12h

Ecozen’s FY24 profit rises two fold, revenue up 57.2%

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  • Ecozen reported a 57.2% rise in full-year revenue to Rs 464.45 crore.
  • The company's profit for the period increased by 250% to Rs 377.14 crore.
  • Expenses for the period rose sharply to Rs 439.49 crore.
  • Ecozen plans to expand into new segments and regions, including Africa and Southeast Asia.

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782 reads

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TechCrunch

12h

Apple may update Find My app to let you share locations of lost items

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  • Apple is planning to update the Find My app to allow users to share the location of lost items with people who are not in their contacts.
  • The feature was spotted in the iOS 18.2 developer beta and is intended to help locate lost items by sharing their location with others.
  • The updated app will provide a shareable link that can be opened on any device, including non-Apple devices, to track the item.
  • Users will also have the option to share their contact information, such as phone number and email, to facilitate communication with the person who finds the item.

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Inc42

12h
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Image Credit: Inc42

Inflexor Ventures Marks First Close Of Opportunities Fund At INR 280 Cr

  • Inflexor Ventures has marked the first close of its Opportunities Fund at INR 280 Cr ($33.73 Mn).
  • The fund will acquire the entire investment portfolio of Inflexor’s first fund, generating returns for existing investors.
  • Inflexor plans to allocate part of its corpus over the next 3-5 years to maintain or increase stake in portfolio companies.
  • The firm focuses on early-stage technology startups and typically invests between INR 5-20 Cr in seed to Series A rounds.

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Yourstory

12h

Lenskart pares losses by 84% in FY24, revenue grows 43% as opposed to being doubled a year ago

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  • Omnichannel eyewear retailer Lenskart reduced its losses by 84% in FY24 to Rs 10.15 crore compared to Rs 63.7 crore in the previous year.
  • Lenskart reported a 43.2% growth in operating revenue, reaching Rs 5427.7 crore in FY24, up from Rs 3788.02 crore in FY23.
  • The company's total expenses increased by 37%, driven by employee benefit expenses, interest payments, and cost of materials.
  • Lenskart received Rs 2271.6 crore in FY24 from its international operations, indicating growth in its global expansion efforts.

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Startup Pedia

13h

Amazon Starts Clinic for Indian Users to Get Fast Medical Consultation

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  • The American e-commerce giant Amazon has launched an online medical service called Clinic in India.
  • Users can take Amazon clinic service through its app for online consultations on over 50 medical conditions.
  • The service is user-friendly, with easy registration and options for virtual or clinical visits.
  • Clinic offers consultations with experienced doctors and has privacy measures for medical records.

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CNBC

13h

Perplexity AI in final stages of raising $500 million round at $9 billion valuation

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  • Perplexity AI is in the final stages of raising $500 million in funding at a $9 billion valuation.
  • The startup competes against Google and OpenAI and has raised four funding rounds this year.
  • OpenAI recently launched a search feature in its chatbot, ChatGPT, to compete with Perplexity.
  • Perplexity has faced controversy over plagiarism accusations but has introduced a revenue-sharing model for publishers.

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628 reads

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2

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HRKatha

13h

Meenakshi Priyam takes charge as CHRO, automotive business, Mahindra Group

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  • Meenakshi Priyam has been appointed as CHRO, automotive business, Mahindra Group.
  • She has previously held leadership positions in companies such as udaan.com, Johnson & Johnson, Novartis, and GSK.
  • She is known for her expertise in HR business partnering, compensation, and benefits.
  • Meenakshi Priyam is also the Chair-Diversity, Equity, and Inclusion Committee at Bombay Chamber of Commerce and Industry.

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738 reads

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Inc42

13h

Paytm Introduces UPI Statement Download Option

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  • Paytm has introduced a new feature allowing users to download their UPI transaction statements.
  • The feature aims to assist users in tracking expenses, managing budgets, and preparing for tax filing.
  • Users can download transaction records in PDF format for any selected date range or financial year.
  • The statement includes transaction details such as amounts, recipients, timestamps, and associated bank accounts.

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6.2k reads

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HinduBusinessLine

13h

Swiggy IPO: How many restaurant partners, dark stores did food delivery platform add to network in Q1?

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  • Swiggy added 33,352 active monthly restaurants, a rise from 22,889 a year earlier.
  • As of June 30, Swiggy operated 581 dark stores, an increase from 444 in 2023.
  • Swiggy opened 59 new dark stores and closed 16, resulting in a net increase of 43.
  • For the fiscal year ending March 31, 2024, Swiggy added 220 dark stores and closed 142.

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HinduBusinessLine

15h
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Shares plummet a day after Titan’s Q2 FY25 results  

  • Titan reported a 25% decline in net profit for Q2 FY25, with profit falling to ₹705 crore.
  • Total income for the quarter rose by 24% to ₹12,458 crore.
  • Demand in Titan's jewellery segment increased after customs duty on gold imports was reduced, leading to strong sales momentum.
  • Consolidated sales for Titan increased nearly 26% to ₹13,473 crore during the quarter.

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838 reads

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4

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Analyticsindiamag

15h

OpenAI Introduces Predicted Outputs for Improving Latency in LLMs

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  • OpenAI has launched the Predicted Outputs feature for developers using GPT-4o and GPT-4o-mini to improve efficiency and reduce latency of responses.
  • Users can input a 'prediction string' that significantly reduces response times during repetitive tasks or minor document edits.
  • The feature predicts known outputs in advance, generating fewer tokens, leading to reduced latency.
  • OpenAI encourages developers to experiment with the predictive text feature to maximize efficiency in tasks that require frequent minor adjustments.

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