The native ERC-20 token of TrueFi, the protocol for uncollateralized on-chain lending, has just listed to Binance, the world’s largest cryptocurrency exchange in terms of trading volume, just two months after its launch. The exchange will add TRU to its Innovation Zone, a dedicated trading zone for new, innovative Decentralized Finance (DeFi) tokens.
Virtual events are the new norm now. It is only when we encounter a pandemic such as the current outbreak of COVID-19 that we can really determine whether our organization are flexible. All kinds of activities had been postponed worldwide, from local gatherings and seminars to national sports leagues and business conferences, there was no longer any way to physically reach your partners. But while it might be difficult to meet in person, there is no excuse to cancel your event completely.
Businesses are working through digital transformation and are handling pandemic-related recovery issues, they’re dependent on technologies—both proven and innovative—to stay on track. Most entrepreneurs see artificial intelligence and location intelligence as crucial and describe a “sense of urgency at the top” to implement it. Yet, it is not easy for them to integrate company-wide AI initiatives.
ByteDance is wrapping up its India ops after the government announced that the ban on Chinese apps, including TikTok, would be permanent. The Chinese tech giant is reportedly sacking nearly 90 percent of its 2,000-odd workforce in India, and retaining only the critical roles. “We initially hoped that this situation would be short-lived… we find that has not been the case,” ByteDance wrote in an internal memo recently.
January 28, 2021: Oye! Rickshaw, the largest e-rickshaw operator in the country, has surpassed a significant milestone of approximately 5,00,000 rides in December 2020, crossing the pre-covid number of monthly rides. The company also reached another key milestone of 6 million rides since inception in 2017. This also makes Oye! Rickshaw, one of the fastest growing EV based mobility players in the country.
As Chinese video sharing platform hands over pink slips to over 1,000 employees following the permanent ban by the government of India, Indian app developer Chingari plans to hire some of the fired employees.
Datamatics, a global IT, Consulting, BPM and Data Management Company, in association with the Market Research Society of India (MRSI) announced the 7th Dr. Lalit Kanodia Laureate Award for Technology Excellence in Market Research 2020 on 21st January 2021, in a virtual ceremony. In a highly competitive and contested category, the award was bagged by VTION (Vidhi Techinnovation Opportunities Network Pvt. Ltd). This brings VTION in the august company of previous Dr. Lalit Kanodia Laureate Award winners like Nielsen, Hindustan Unilever, BARC, CrownIt and Ma Foi Analytics.
Klub is a fintech platform providing growth financing to loved consumer brands through Revenue Based Financing (RBF). Revenue Based Financing takes a revenue share as returns instead of equity dilution or fixed EMIs, making it ideal for a post-Covid financing ecosystem.
In the world of technology, India has always been a force to be reckoned with. Our triumphs with the field of space research and telecommunication have garnered global praise. However, our country is so rich in technological capabilities that we still have brands waiting to be global icons of tomorrow. We have a few on our radar, influencing the world of fashion, audio, business development, automation and more. We’re highlighting 8 homegrown tech brands putting India on the map today.