Puri also highlighted the performance of ITC for FY20 at the AGM. Gross Revenue and PBT (before exceptional items) for FY20 stood at around Rs 46,300 crores and Rs 19300 crores respectively. Non-cigarette segment revenue rose to Rs 31,000 crores during the year, accounting for nearly 60 percent of ITC’s total segment revenue. … [Read more...] about ITC AGM: 40 new products launched in COVID-19 pandemic, gearing up for ‘next normal’: Chairman Sanjiv Puri
Nikola’s initial public offering on June 4 was one of the hottest of the year. The five-year-old company is named after inventor Nikola Tesla, best known for his work with alternating current. Last month, the EV maker announced a partnership with Republic Services, one of the United States’ largest waste-hauling companies, to make 2,500 electric garbage trucks. … [Read more...] about Nikola and General Motors are now partners. Check out this electric pickup truck!
“We want to improve the product before launching the premium version. No one will pay for vanilla cloud storage. But I do think if we offer smart storage, people will pay for it. If you upload your documents they automatically get categorised and searchable. You are uploading so much data, the data should start working for you,” he said. … [Read more...] about This Indian startup wants to be the new CamScanner, without abusing data. Will it work?
It has tie-ups with foreign universities, including Columbia University, Massachusetts Institute of Technology and Harvard Business School.For FY20, Eruditus had revenue of $100 million. The coronavirus outbreak has seen the demand grow 30 percent quarter-on-quarter. … [Read more...] about Eruditus raises $113 million from Chan Zuckerberg fund, others; valuation doubles
The round is likely to be led by existing investor US-based Falcon Edge Capital that recently raised $300-million India-focused fund, sources said. The deal could make the Bengaluru-based company India’s newest unicorn, a privately held firm valued at a billion dollars or more. … [Read more...] about Exclusive | Dailyhunt seeks $1.2 billion valuation, unicorn tag in fundraise