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Silicon

12h
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Jeff Bezos’s $10bn Earth Fund Halts Climate Group Backing – Report

  • Jeff Bezos's $10bn Earth Fund has halted its support for the Science Based Targets Initiative (SBTI), a globally renowned organization combating the climate crisis.
  • Five years ago, Bezos launched the Bezos Earth Fund and pledged $10 billion to support scientists, activists, and non-governmental organizations in protecting the natural world.
  • The Bezos Earth Fund was one of the major backers of the SBTI, which develops standards for greenhouse gas emissions reductions to combat climate change.
  • The decision to halt funding for the SBTI may have been influenced by concerns of Bezos not wanting to annoy former US President Donald Trump, who has dismissed climate change as a hoax.

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Siliconangle

13h

Phenom acquires AI HR tech firm Edge to expand workforce planning

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  • Phenom People Inc. has acquired Edge Networks Pvt. Ltd., an AI HR tech firm.
  • Edge specializes in talent management and employee modulation in IT services and banking sectors.
  • Edge's flagship platform offers personalized career paths, AI-powered job matching, and workforce insights.
  • The acquisition allows Phenom to strengthen its workforce planning capabilities and offer industry-specific solutions.

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allthingstalent.org

13h

Shantanu Naidu: The Millennial Shaping Tata Motors’ Future with Strategic Leadership

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  • Tata Motors has appointed Shantanu Naidu as General Manager and Head of Strategic Initiatives.
  • Naidu will spearhead critical initiatives to drive the company's future objectives.
  • He has diverse experience across various Tata Group entities and a broad skill set in business strategy.
  • The appointment aims to reinforce Tata Motors' commitment to innovation and growth.

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VIE Stories

13h

Clapstore Toys on Shark Tank India: Offering Creative Toys

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  • Clapstore Toys appeared on Shark Tank India Season-4 in Episode 22, offering creative toys that focus on reducing screen time for kids.
  • The founders, Yash Thombare and Vedang Nalawade, sought an investment of ₹ 80 Lakhs for 4% equity at a valuation of ₹ 20 Cr.
  • During the episode, they secured a deal of ₹ 1 Cr. for 10% equity at a valuation of ₹ 10 Cr from all the sharks on the show.
  • Clapstore Toys is headquartered in Pune, Maharashtra and was founded in 2020. They offer creative toys that improve fine motor skills, sensory development, and hand-eye coordination.

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ISN

13h

ISN scoop confirmed: Peak XV Partners’ ex-CMO Gayatri Yadav joins Reliance Industries

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  • Gayatri Yadav, former CMO of Peak XV Partners, has joined Reliance Industries as group CMO and EVP for strategic initiatives in the Chairman's Office.
  • Yadav has marketing experience at Procter & Gamble, General Mills, and Sequoia Capital India & SEA.
  • In her new role at Reliance Industries, Yadav will closely work with Chairman Mukesh Ambani and other members of the EC and the organization to amplify brand impact, innovation, and consumer connections.
  • Yadav expressed excitement to drive growth and impact for India and looks forward to working with stakeholders, partners, and the entire team at Reliance Industries.

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Yourstory

13h

Google parent Alphabet's revenue grows 12% to $96.5B in Q4

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  • Alphabet Inc. reported a 12% year-over-year increase in fourth-quarter revenue, reaching $96.5 billion.
  • Net income rose 28% to $26.5 billion, while earnings per share increased 31% to $2.15.
  • Operating income grew 31% to $31 billion, with operating margins expanding five percentage points to 32%.
  • Google Cloud revenue rose 30% to $12 billion, supported by increased demand for AI infrastructure and generative AI solutions.

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Yourstory

13h
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Zomato says GST authorities have withdrawn Rs 5.9 Cr tax demand

  • Zomato announced that tax authorities have withdrawn a demand for Rs 5.9 crore unpaid GST from the company.
  • Favourable order received for the period July 2017 to March 2021 to forgo the GST amount of Rs 5.90 crore.
  • The demand was initially raised in April 2024 but has now been dropped by the authorities.
  • Zomato is currently appealing against an order for non-payment of GST on delivery charges of over Rs 803 crore.

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Inc42

14h

BlackBuck Q3 Loss Surges 145% To INR 48 Cr

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  • Logistics major BlackBuck reported a consolidated net loss of INR 48.03 Cr in Q3 FY25, a surge of 145% compared to the year-ago quarter.
  • The net loss was primarily due to an exceptional loss of INR 77.89 Cr.
  • If the exceptional loss was excluded, the company would have reported a net profit of INR 29.86 Cr in the quarter.
  • BlackBuck's operating revenue increased by 41% to INR 113.98 Cr in Q3 FY25.

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VIE Stories

14h

GenAI startup Origamis AI Raises $500K Funding In Seed Round

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  • Origamis AI, a Generative AI (GenAI) technology company, has raised $500K in a seed funding round.
  • The funding round was co-led by Vikas Gautam and Naveen Agarwal.
  • Origamis AI will use the funds to accelerate the development of its orchestration platform and expand globally.
  • The startup offers pre-built GenAI agents for various industries to automate tasks, optimize workflows, and generate insights.

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Yourstory

14h

Kovai.co rewards $1.62M in bonuses to long-term employees

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  • Kovai.co has announced a bonus distribution of $1.62 million to around 140 long-term employees through its Together We Grow initiative.
  • Employees who joined on or before December 31, 2022, and have completed three years of service will receive 50% of their gross annual salary as a bonus.
  • The first batch of 80 employees will receive bonuses with their January 31 salary payouts.
  • Kovai.co is a B2B SaaS firm with offerings like BizTalk360, Document360, and Turbo360, serving over 2,500 customers globally.

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720 reads

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Yourstory

14h

D2C brand HairOriginals raises $5M in Series A funding

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  • Hair extensions brand HairOriginals has raised $5m in a Series A round of funding, co-led by 12 Flags Consumer Holdings, Anicut Growth Fund, and Peyush Bansal.
  • The funding will be used to expand its 'try-at-home' service, open more experience centres, and enhance R&D for innovative products.
  • HairOriginals specialises in premium, ethically-sourced, 100% natural hair extensions, and has partnered with over 1,400 salons and opened experience centres in India and North America.
  • The company plans to launch 4-5 new products each month and aims for global leadership.

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Inc42

14h

Swiggy Instamart’s Q3 Margins Hit By Rising Competition In Quick Commerce

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  • Swiggy Instamart's Q3 contribution margin dropped to -4.6% due to rising competition and increased investments.
  • Competition led to higher customer incentives and increased cost of customer acquisition.
  • Instamart reported 88.1% YoY and 15.5% QoQ growth in gross order value.
  • Swiggy Instamart plans to achieve a 4 Mn sq ft active darkstore footprint by March 2025.

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Insider

14h

Anthropic-backed startup Alma debuts an AI-powered nutrition app that tracks and analyzes eating habits

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  • Alma, a nutrition startup, launched an AI-powered nutrition app.
  • The app uses AI to track and analyze eating habits and suggests new foods.
  • Alma received pre-seed funding from Menlo Ventures with participation from Anthropic.
  • The app is available for a subscription of $19 a month or $199 a year.

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475 reads

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Hackernoon

14h
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This Startup Founder Spent $600k on a Domain—And the Risk Paid Off Big

  • A startup founder paid $600k for the domain "macro.com".
  • The founder believed that changing the name of the company to Macro would better reflect its ambitions and desire to tackle big problems.
  • They later raised their seed funding round after changing the name and acquiring the domain.
  • The acquisition of the "macro.com" domain helped to improve credibility, attract better hires, more customers, and gain momentum.

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712 reads

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HinduBusinessLine

14h

Swiggy’s net loss widen to ₹799 cr, revenue up by 31%

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  • Swiggy's net loss widened to ₹799 crore, while the revenue increased by 31%.
  • Swiggy's Gross Order Value (GOV) grew 38% YoY to ₹12,165 crore.
  • Swiggy's core food delivery business saw a marginal growth of 3.7% QoQ and over 23% YoY.
  • Swiggy Instamart, the quick commerce arm of Swiggy, registered a GOV of ₹3,907 crore, an 88% rise compared to the previous year.

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