wayr today India

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  • Microsoft, Chevron, and Engine No. 1 Partner for Sustainable Power Supply to Data Center Campus

    This article was generated by AI and cites original sources.

    Microsoft, Chevron, and Engine No. 1 have entered an exclusive agreement to establish a natural gas-fired power plant in West Texas, as reported by Bloomberg News. The $7 billion project aims to generate 2,500 megawatts of electricity, initially targeting the power needs of a significant data center campus.

    This partnership demonstrates a strategic move towards securing sustainable and reliable power sources for technology infrastructure. By investing in a dedicated power supply, the collaboration between these industry leaders highlights their commitment to ensuring uninterrupted operations for critical digital services.

    With the increasing demand for energy-intensive data processing, such initiatives underscore the importance of scalable and efficient power solutions in the tech sector. The integration of environmentally conscious power generation methods aligns with corporate responsibility goals while enhancing operational resilience.

    Source: Tech-Economic Times

  • Lenovo Appoints Sumir Bhatia as Chief Commercial Officer for Asia Pacific Region

    This article was generated by AI and cites original sources.

    Lenovo has appointed Sumir Bhatia as the inaugural chief commercial officer for the Asia Pacific region. In this role, Bhatia will lead a newly consolidated division focusing on enterprise sales, channels, and alliances to drive growth within the region. The strategic realignment aims to enhance Lenovo’s commercial capabilities by integrating advanced AI technologies with Bhatia’s expertise. This organizational change comes after the planned retirement of Ivan Cheung and the recent appointment of Benjamin Yeh to key leadership positions.

    Source: Tech-Economic Times

  • Rediff.com Pursues Confidential IPO to Expand AI and Digital Payments

    This article was generated by AI and cites original sources.

    Rediff.com India Limited, a legacy internet firm, has filed confidential draft papers for an initial public offering (IPO) to raise funds, targeting between Rs 600 crore and Rs 800 crore, as reported by Entrackr : Latest Posts. This approach allows the company to postpone the disclosure of critical details like financial information and valuation until a later stage, offering flexibility in the timing of its public listing.

    Undergoing a transformation under AvenuesAI, which acquired it in 2024, Rediff.com is shifting away from its traditional internet portal model to focus on building an AI-driven platform. The IPO proceeds are anticipated to be directed towards enhancing its AI capabilities, product development, and expanding its presence in the digital payments space. The company is gearing up to launch RediffPay, supported by a UPI license from the National Payments Corporation of India.

    Established in 1996, Rediff was one of India’s earliest internet players, providing email, news, and online services. It initially listed on NASDAQ in 2000, eventually getting delisted in 2016.

    The confidential filing approach has become popular among modern companies, with various firms like Prism (OYO), Zetwerk, PhonePe, and others exploring or utilizing this method for fundraising.

    Source: Entrackr : Latest Posts

  • Globalbees Expands Presence in Electronics Sector with Increased Stake in Candes Technology

    This article was generated by AI and cites original sources.

    Brainbees Solutions, the parent company of FirstCry, a prominent mother-and-baby care retailer, announced that its subsidiary Globalbees Brands has increased its ownership in Candes Technology, a home appliances firm focusing on affordable consumer electronics.

    The acquisition, finalized through a cash transaction at Rs 37,250 per share, involved Globalbees acquiring an additional 30% stake from existing shareholders, raising its stake in Candes from 62% to 92%.

    Candes Technology, established in January 2021, specializes in manufacturing and selling smart electrical products like fans, geysers, heaters, and kitchen appliances under the ‘Candes’ brand.

    This strategic move significantly bolsters Globalbees’ presence in the electronics sector.

    Brainbees Solutions reported a 12% year-on-year revenue increase for the quarter ending in December 2025, despite a notable 2.5-fold surge in losses.

    FirstCry, a subsidiary of Brainbees Solutions, observed a revenue increase from operations to Rs 2,424 crore in Q3 FY26 from Rs 2,172 crore in Q3 FY25, as per unaudited financials filed with the National Stock Exchange.

    The procurement costs accounted for 64% of total expenses, climbing by 15% to Rs 1,580 crore from Rs 1,369 crore in the previous year. Employee benefits totaled Rs 197 crore in Q3 FY26, incorporating Rs 57 crore in ESOP expenses.

    Losses widened to Rs 38 crore in Q3 FY26 from Rs 15 crore in Q3 FY25, with cumulative losses for the nine months till December 2025 remaining relatively stable at Rs 154 crore versus Rs 153 crore in the corresponding period last year.

    Source: Entrackr : Latest Posts

  • Google Allows Gmail Users to Change Usernames

    This article was generated by AI and cites original sources.

    Google has introduced a new feature that allows users to modify their Gmail usernames. This change enables individuals to update outdated or embarrassing email addresses, reflecting Google’s commitment to user flexibility and personalization. The feature, currently available only to users in the US, offers a straightforward process for updating usernames while preserving account data.

    According to Alphabet CEO Sundar Pichai, this update frees users from being tethered to email addresses from years past. By navigating to their Google Account settings, individuals can select an available @gmail.com address of their choice, retaining access to their previous username and utilizing both interchangeably.

    With this update, users can change the section of their email address that precedes @gmail.com, while maintaining all account information intact. Google assures that despite the username alteration, users’ account content such as photos, messages, and emails will remain associated with the account. The former email address automatically converts into an alternative address, ensuring seamless email reception in a unified inbox.

    Although users can switch email addresses only once every 12 months and up to a maximum of three times, they have the flexibility to revert to their original email address at any point. This feature not only modernizes user accounts but also streamlines the email management experience for Gmail users.

    Source: mint – technology

  • Perplexity AI Faces Lawsuit Over Alleged Data Sharing with Tech Giants

    This article was generated by AI and cites original sources.

    Perplexity AI, an AI search engine, is at the center of a proposed class-action lawsuit for allegedly sharing sensitive user data with Meta Platforms and Google, as reported by Bloomberg. The complaint accuses Perplexity of violating California privacy laws by embedding ‘undetectable’ trackers that transmit personal information to these tech giants.

    The lawsuit, initiated by a Utah resident known as John Doe, aims to represent a larger group of Perplexity users. It alleges that trackers are downloaded onto users’ devices upon visiting Perplexity’s website, granting Meta and Google full access to conversations with the AI system, even in ‘Incognito’ mode.

    Furthermore, the complaint claims that this backdoor access enables Meta and Google to utilize the data for targeted advertising and potentially resell it to third parties. Perplexity is accused of including hidden tracking software in its search engine code to facilitate the transmission of user conversations to these tech companies.

    In response to the lawsuit, a Meta spokesperson referenced Facebook’s policy against advertisers sending sensitive information, emphasizing their stance on data privacy. Meanwhile, a spokesperson for Perplexity has yet to provide a formal statement regarding the allegations.

    Source: mint – technology

  • NowPurchase Secures $9.6M Funding to Enhance AI-Powered Metal Procurement Platform

    This article was generated by AI and cites original sources.

    NowPurchase, an AI-enabled B2B platform for metal manufacturers, has raised approximately $9.6 million in funding led by Bajaj Finserv, along with support from Info Edge Ventures and Orios Venture Partners. This funding marks a significant milestone for the company, with previous investments totaling $18 million, including a $6 million funding round in September 2024 from Info Edge Ventures. The newly acquired capital will be used to expand the company’s scrap recycling infrastructure, grow its branded product range, and enhance its AI platform, MetalCloud.

    Founded in 2017 by Naman Shah and Aakash Shah, NowPurchase offers a digital platform for metal manufacturers to source raw materials like scrap, alloys, and additives. Additionally, the company operates a network of scrap processing centers and provides branded products. MetalCloud, their AI platform, plays a crucial role in enabling manufacturers to digitize and optimize production processes through the application of IoT and computer vision technologies.

    NowPurchase competes directly with other India-focused metal procurement platforms such as JSW One MSME, OfBusiness, and Metalbook, but stands out for its focus on streamlining the raw material sourcing process for manufacturers through digital solutions.

    Source: Entrackr : Latest Posts

  • Baidu’s Apollo Go Robotaxi Outage in Wuhan Raises Safety Concerns Amid System Failure

    This article was generated by AI and cites original sources.

    Recently, a significant robotaxi outage in Wuhan, China, involving Baidu’s Apollo Go vehicles was attributed to a ‘system failure,’ as reported by local police. The incident, which affected over 100 vehicles, has raised safety concerns regarding the autonomous driving service.

    According to a traffic police officer, passengers were able to exit the stalled vehicles safely, with no reported injuries. However, due to heavy traffic, some passengers hesitated to disembark, leading them to seek assistance from the police.

    The cause of the system failure is currently under investigation, and Baidu has yet to provide a statement on the incident. This outage has reignited discussions on social media platforms in China about the reliability of robotaxi services.

    Similar safety incidents involving autonomous vehicles have occurred in China in the past, including a robotaxi falling into a construction pit and a vehicle catching fire. These events underscore the importance of ensuring the robustness and safety of autonomous driving technologies.

    Source: Tech-Economic Times

  • CredResolve Secures Pre-Series A Funding to Expand AI-Powered Debt Collections Infrastructure

    This article was generated by AI and cites original sources.

    Debt collections infrastructure company CredResolve has recently secured funding in a pre-Series A round led by Merak Ventures, along with participation from existing investors Unleash Capital Partners and CDM Capital. The exact amount of this funding has not been disclosed. This move comes after the company had previously raised $1.1 million in a seed round last year and $100K in an angel round in 2024.

    The funds from this latest round are earmarked for expanding operations to 15 states, enhancing its multilingual AI and voice capabilities, and developing a self-serve platform for lenders, as per a company press release.

    Established in 2023 by Balaji Koustubha and Vijay Kumar, CredResolve specializes in AI-driven debt collections infrastructure, catering to various financial institutions in India such as banks, NBFCs, fintech firms, and microfinance institutions. The company’s platform integrates AI voice bots, digital channels, a field agent network, and legal automation to optimize outcome-based collections.

    CredResolve manages its infrastructure rather than relying solely on software or outsourcing, providing lenders with real-time insights into performance and recovery outcomes across different channels. Currently overseeing assets worth over $6 billion in 12 states, the company’s association with the NVIDIA Inception Program underlines its tech-focused approach.

    Source: Entrackr : Latest Posts

  • Nvidia’s $2 Billion Investment in Marvell Signals Deepening AI Collaboration

    This article was generated by AI and cites original sources.

    Nvidia has made a significant $2 billion investment in Marvell Technology, marking a strategic move in the AI landscape. The partnership announcement between Nvidia and Marvell indicates a closer integration within Nvidia’s AI ecosystem, as reported by Tech-Economic Times.

    This investment underscores Nvidia’s commitment to expanding its AI capabilities and fostering innovation in the AI sector. By joining forces with Marvell, Nvidia aims to leverage Marvell’s expertise to enhance its AI technologies and offerings.

    Marvell’s inclusion in Nvidia’s AI ecosystem is poised to bring about synergies that could lead to the development of more advanced AI solutions. This collaboration is likely to accelerate the deployment of AI applications across various industries, driving technological advancements and expanding the boundaries of AI capabilities.

    As two prominent players in the tech industry, Nvidia and Marvell’s partnership is a strategic move that could shape the future of AI development and adoption. This collaboration signals a significant investment and paves the way for deeper integration and joint innovation in the AI domain.

    Source: Tech-Economic Times