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Harsh Dwivedi
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Medial • 24d
Top news of the day: 1. India launched a $12 billion R&D scheme to bolster local innovation and reduce foreign patent dependency in sectors like technology, green energy, AI, and more. 2. Grammarly is acquiring the email tool Superhuman to enhance its capabilities beyond grammar checks, aiming to integrate into the competitive AI space. 3. CIMware, a Bengaluru-based data centre infrastructure startup, raised $2.3 million in a funding round led by Transition VC. 4. Pine Labs is set to appoint Sameer Kamath as its new CFO, following the resignation of Marc Mathenz. Kamath, currently CFO at Avendus Capital, will join the IPO-bound merchant payments company soon 5. Baidu has launched MuseStreamer, an AI-driven video generator for businesses, capable of creating 10-second videos with three versions: Turbo, Pro, and Lite. 6. Medi Assist Insurance TPA Pvt Ltd has fully acquired Paramount Health Services & Insurance TPA. 7. NTT DATA has appointed Alok Bajpai as Managing Director, India, for its Global Data Centers division 8. Alibaba's online retail platform, Taobao, is launching $7 billion in subsidies to boost spending in China, starting Wednesday for a year. 9. Receivables Exchange of India Ltd (RXIL), a platform under TReDS, has achieved over Rs 2 lakh crore in MSME invoice financing 10. Eternal Ltd, previously known as Zomato, has granted 64.77 lakh stock options to employees under the Foodie Bay Employee Stock Option Plan 2014 and Zomato Employee Stock Option Plan 2021, valued at Rs 168.4 crore based on the stock's opening price of Rs 260. 11. Meesho, a social ecommerce platform, has open-sourced its BharatMLStack to support startups by providing access to advanced AI tools. 12. Huhtamaki India, a leader in the domestic flexible packaging industry, is planning a major M&A push backed by $400-500 million in funds. Stay Updated. Stay Informed. Stay Ahead. Share the Medial App with your network, colleagues, and friends. Let's brainstorm, discuss together and help each other achieve our goals. And don't forget to rate us on the iOS App Store and Google Play Store to help us reach even more amazing people like you.
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