Business
WATCH | Ashwini Vaishnaw shows Tim Cook how rail travel is going through transformation
The minister showed Cook the image of a bridge, which is taller than Eiffel Tower, that connects to Kashmir. "This bridge is about 30 metres taller compared to the Eiffel Tower. By December, we will be running the train over the bridge," Ashwini Vaishnaw told Tim Cook.
Madhav Sheth accepts global role at realme, new India head yet to be announced
In a tweet, Sheth said: "Exciting news! I'm thrilled to announce that I've accepted a new role as VP for Business and Corporate Strategy (Global). Excited to take this opportunity and contribute to the company's success." It is still not clear who will run realms India business with Sheth accepting a new global role at the company.
AR smart lens developer Mojo Vision lays off 75% of its workforce
Mojo Vision CEO Drew Perkins said that the company has now decided to pivot its business and focus its resources on Mojo's Micro-LED technology. "With this shift in focus of our business comes a significant change in our organisational structure, and Mojo Vision has reduced staffing across a variety of departments and functions," Perkins said in a statement late on Friday.
'Stay Safe Online' campaign launched by IT Minister Ashwini Vaishnaw
"India believes in the philosophy of inclusion. India's population scale and open source 'public digital platforms' such as UPI and Aadhaar have delivered economic and social inclusion and spurred innovation. The two campaigns launched today have the humanitarian way of thinking," Ashwini Vaishnaw said while launching the campaign.
Instagram creators can now see if their posts are being blocked
Instagram head Adam Mosseri said the company is expanding Account Status "so professional accounts can understand if their content may be eligible to be recommended to non-followers". In the settings menu, under account and then account status, "professional accounts can now check to see if any of their posts are banned from being recommended to users who don't follow them," Mosseri posted on Twitter.
Netflix adds 11 lakh paid subscribers in Asia-Pacific in Q2
The Average Revenue per Membership (ARM) was -2 per cent (year-over-year), due to the impact from "our price decrease in India last December as well as plan mix," Netflix told shareholders after declaring Q2 results. Netflix in December announced new and reduced prices in India, with the mobile-only plan starting at Rs 149 per month.
Healthtech platform mFine lays off over 50% of its workforce
mFine, which raised $48 million (over Rs 356 crore) in Series C funding co-led by Moore Strategic Ventures and BEENEXT with participation from existing investors like Prime Venture Partners in September last year, has let go half of its total workforce and the fired staff is from operations, product and marketing verticals, according to sources.
FoodTech platform Pluckk raises $5 mn seed capital from Exponentia Ventures
Pluckk aims to build India's first digital commerce business to serve the growing demand for lifestyle-oriented fresh produce. The company's proposition is centered on global food trends ranging from vegan, carb alternatives, gut health, immunity to plant-forward eating to prevent diabetes and mental health.
B2B startup Groyyo raises funds to expand global footprint
Founded in July 2021, Groyyo has been working with MSMEs across South Asia. The company said it has empowered more than 200 manufacturers across South Asia by maximising their potential within six months of inception.
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