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  • BharatPe Expands Offline Payment Solutions with Appointment of Himanshu Verma as POS Business Head

    This article was generated by AI and cites original sources.

    Fintech company BharatPe has appointed Himanshu Verma as the new Head of its POS (Point-of-Sale) business division, signaling a strategic move to enhance its offline payment solutions.

    Verma, with extensive experience in payments, telecom, and consumer tech, previously held key positions at Pine Labs, Freecharge, and other prominent firms. During his tenure at Pine Labs, he spearheaded the successful launch and growth of the Soundbox (Mini) product.

    In his new role at BharatPe, Verma’s mandate includes overseeing merchant acquisition, bolstering distribution channels, and amplifying offline payment services. This development aligns with BharatPe’s intensified focus on offline transactions, particularly among small-scale merchants and retail establishments.

    BharatPe, established in 2018, boasts a vast network of over 1.7 crore merchants across 450 cities. The company facilitates an impressive 450 million UPI transactions monthly, amounting to approximately Rs 12,000 crore in transaction value.

    The POS arm of BharatPe annually handles transactions worth over Rs 27,000 crore through a network exceeding 1.25 lakh devices. With Verma’s appointment, the company aims to fortify its offline payment infrastructure alongside its UPI-driven services.

    Source: Entrackr : Latest Posts

  • Mave Health Secures $2.1 Million to Develop Neurotechnology Wearable

    This article was generated by AI and cites original sources.

    Neurotechnology startup Mave Health has secured $2.1 million in funding, led by Blume Ventures, to further develop its wearable headset designed to enhance focus, mood, and stress regulation.

    The wearable headset utilizes transcranial direct current stimulation (tDCS) to target the prefrontal cortex through brief daily sessions. Weighing around 100g, the device delivers low-intensity electrical stimulation to brain regions associated with attention and emotional regulation, providing benefits during daily activities and lasting up to a month on a single charge.

    Users can track their progress and personalize protocols via Mave’s companion app, without collecting sensitive brain data. The company reports that users have experienced significant improvements within a few weeks of use, with positive effects accumulating over time. The product is currently available for pre-order in the US and India, with shipments set to commence in April 2026.

    Mave Health’s approach has garnered interest, with early sales and endorsements from tech leaders and athletes, such as UFC fighter Max Griffin. The company’s focus on non-invasive neurotechnology aims to enhance mental well-being and productivity.

    Source: Entrackr : Latest Posts

  • Mobiwik Appoints Anis Pathan as Chief Risk Officer to Strengthen Payment Security

    This article was generated by AI and cites original sources.

    Mobiwik, a prominent player in the digital payments sector, has appointed Anis Pathan as its Chief Risk Officer. Pathan’s primary responsibility will be to lead the enterprise risk management (ERM) framework, with a focus on strategic, financial, operational, cyber, and fraud risks within the company. In addition to overseeing risk management, Pathan will work on enhancing controls across Mobiwik’s key payment verticals, including Unified Payments Interface (UPI), wallet services, and merchant payments. He will also spearhead the development of robust systems for fraud prevention and regulatory compliance.

    This move underscores Mobiwik’s commitment to reinforcing the security and reliability of its payment ecosystem. By appointing Pathan to this pivotal role, the company aims to stay ahead in managing risks effectively while ensuring a seamless and secure payment experience for its users. With the increasing importance of cybersecurity and regulatory compliance in the digital payments landscape, Pathan’s expertise is poised to play a crucial role in safeguarding Mobiwik’s operations and customer data.

    Source: Tech-Economic Times

  • Tesla Unveils Plans for Fifth-Generation AI Chips to Power Autonomous Driving

    This article was generated by AI and cites original sources.

    Tesla is delving into the realm of fifth-generation AI chip design to propel its autonomous driving capabilities. The new chips are set to be the driving force behind Tesla’s autonomous driving systems, notably the Full Self-Driving software. Elon Musk, the CEO of Tesla, emphasized the crucial role these chips will play in advancing the company’s technological prowess in the autonomous driving space. Musk also mentioned that SpaceX and Tesla will continue their significant chip orders from Nvidia to support their technological endeavors.

    Source: Tech-Economic Times

  • Snowflake Unveils SnowWork: An Autonomous AI Platform for Business Workflow Automation

    This article was generated by AI and cites original sources.

    Snowflake, a prominent player in the tech industry, has introduced SnowWork, an autonomous AI platform designed to streamline and automate various business workflows. This platform, an extension of Snowflake’s AI Data Cloud, caters to professionals in finance, sales, operations, and beyond.

    SnowWork’s capabilities cover a wide range of tasks, from generating executive-level reports to creating forecasting presentations. Additionally, it excels in conducting analyses that identify areas such as customer churn and operational bottlenecks, providing valuable insights to enhance decision-making processes.

    This launch underscores Snowflake’s commitment to enhancing operational efficiency and empowering employees with advanced AI-driven tools. By offering a solution that automates repetitive tasks and provides data-driven insights, Snowflake aims to transform how businesses approach their day-to-day operations.

    Source: Tech-Economic Times

  • Micron Forecasts Revenue Growth Amid Surging AI Demand

    This article was generated by AI and cites original sources.

    Micron Technology is poised for a substantial revenue increase driven by the escalating demand for AI technologies. Despite this positive projection, the company’s stock value declined following the announcement of heightened spending plans. This move towards increased investment could potentially impact future profitability, leading to investor concerns.

    As the AI sector continues to expand rapidly, Micron Technology anticipates a strong financial performance. The company’s focus on AI-related products and services positions them well to capitalize on this growth trend. However, the market response to their spending strategy reflects apprehension about its effect on the bottom line.

    Investors are closely monitoring Micron’s strategic decisions in the context of the evolving tech landscape. The intersection of AI advancements and semiconductor technologies presents both opportunities and challenges for companies like Micron. Balancing innovation with financial prudence will be crucial for sustaining growth and investor confidence in the competitive tech market.

    Source: Tech-Economic Times

  • Nasdaq Receives SEC Approval for Tokenized Securities Trading

    This article was generated by AI and cites original sources.

    The U.S. Securities and Exchange Commission (SEC) has granted approval to Nasdaq to enable the trading and settlement of certain stocks in tokenized form. This move represents a significant step towards integrating blockchain-based settlements into traditional equity markets.

    The SEC’s approval comes as exchange operators seek to capitalize on the growing trend of tokenization, particularly with the relaxation of cryptocurrency regulations under the current administration.

    Nasdaq’s proposal, submitted in September and now approved, allows for the trading of listed stocks and exchange-traded products on its main market in either traditional shares or tokenized digital tokens. Initially, tokenized trading will be limited to securities in the Russell 1000 Index and ETFs tracking major benchmarks like the S&P 500 and the Nasdaq 100.

    Rival Intercontinental Exchange has also made progress in this space, announcing the development of a platform for trading and on-chain settlement of tokenized securities, with regulatory approvals being pursued by the NYSE parent company.

    Source: Tech-Economic Times

  • Meta Shifts Focus from VR to Mobile-Only Horizon Worlds: What Tech Enthusiasts Need to Know

    This article was generated by AI and cites original sources.

    Meta has announced a significant change in its Horizon Worlds platform, opting to shut down the virtual reality version in favor of a mobile-only experience. The company detailed this transition in a recent blog post, emphasizing the decision to separate the two platforms for more focused growth.

    The Horizon Worlds VR platform will be removed from the Quest Store by March 31, with the app also set to be taken off VR by June 15, 2026. Notable worlds like Horizon Central, Events Arena, Kaiju, and Bobber Bay will no longer be available in VR, marking a strategic shift in Meta’s approach.

    Meta’s financial challenges within its Reality Labs division, which has reportedly lost around $80 billion since 2020, have contributed to this decision. This financial pressure has led to cuts in jobs and the shutdown of in-house gaming studios.

    Furthermore, Meta will no longer focus on creating new content for the acquired Supernatural app, moving it into ‘maintenance mode’ as part of the restructuring efforts within the company.

    This strategic move by Meta reflects the evolving landscape of virtual reality and mobile technology, signaling a shift in priorities within the company’s ecosystem.

    Source: mint – technology

  • Solarium Green Energy Unveils 1 GW Solar Module Manufacturing Facility in Ahmedabad

    This article was generated by AI and cites original sources.

    Solarium Green Energy Limited has announced the launch of its 1 GW solar module manufacturing facility in Ahmedabad, a significant step in the company’s strategic backward integration plan. Revealed through a regulatory filing, the facility represents an investment of approximately Rs 90 crore, excluding working capital, and is equipped with state-of-the-art automated manufacturing lines.

    The facility is designed to produce high-efficiency crystalline silicon solar PV modules, including large-format G12 modules with capacities up to 725 Wp. Leveraging technologies such as TOPCon, half-cut, and bifacial cells, the facility aims to enhance production capabilities and reduce costs associated with solar modules, which typically account for a substantial portion of EPC project expenses.

    By decreasing reliance on external suppliers and streamlining the supply chain, the new plant is expected to improve operational efficiency and project execution timelines, potentially boosting profit margins through internal consumption. With an anticipated utilization rate of approximately 85%, the facility has the capacity to generate annual revenues exceeding Rs 1,000 crore, subject to market conditions and pricing dynamics.

    The company plans to utilize the facility for both internal consumption and external sales to EPC partners and other B2B clients. Ankit Garg, the chairman and managing director of Solarium Green Energy, highlighted the rapid delivery of the facility within nine months, emphasizing its pivotal role in the company’s expansion and enhanced capabilities throughout the solar value chain.

    Source: Entrackr : Latest Posts

  • AI-Powered E-commerce Accelerator Assiduus Global Secures $25M Funding

    This article was generated by AI and cites original sources.

    Assiduus Global, an AI-powered cross-border, multi-platform e-commerce accelerator, has successfully raised $25 million in a pre-Series B funding round. The investment was led by Bajaj Finserv, with additional participation from Uncorrelated Ventures, Aaruha Technology Fund, Vikash Agarwal (Rupa Family Office), and other investors.

    Founded by Somdutta Singh, Assiduus specializes in an AI-powered middleware platform for global e-commerce distribution and supply chain management. The company’s services are leveraged by over 150 enterprise brands in 20 countries, integrating with more than 18 global marketplaces and quick commerce platforms.

    The latest funding will be used to enhance Assiduus’ AI and data capabilities, enabling its expansion into key markets like the Middle East, Europe, and Asia-Pacific. Additionally, the company aims to establish strategic partnerships with enterprises and government entities to further strengthen its presence and offerings.

    Assiduus’ asset-light model, combining software, data systems, and execution infrastructure, has led to significant revenue growth and valuation increase. The company has maintained profitability at the PAT level for the past seven years, demonstrating its sustainable business approach.

    The e-commerce accelerator’s end-to-end solutions encompass cross-border distribution, fulfillment, compliance, and performance tracking. With headquarters in Atlanta and operations spanning multiple countries, Assiduus continues to drive innovation in the global e-commerce landscape.

    Source: Entrackr : Latest Posts