Today's Business Blitz- "BYJU'S Drama Escalates, TCS Expands Global Innovation, Revolutionizing Manufacturing, Planera Secures $13.5M Boost, Startup Incubator T9L Qube Team Up"
27th August, 2024
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1. “BYJU'S Drama Escalates: Investors Turn to Supreme Court for Intervention”
BYJU's investors (General Atlantic, Prosus, Peak XV, Sofina) seek Supreme Court intervention over mismanagement concerns.
Investors allege mismanagement, siding with US creditors contesting NCLAT's BCCI settlement approval.
Prosus, the largest shareholder, invested $536 million in BYJU's with concerns over governance.
Supreme Court's interim order revives insolvency proceedings against BYJU's after overturning NCLAT ruling.
Legal dispute between BYJU's and investors escalates to the Supreme Court.
BYJU's employees' July salaries delayed due to financial difficulties.
#employee#Supreme Court
2. “TCS Expands Global Innovation: Launches TCS Pace Studio in Philippines Following Success in Sweden”
TCS launches TCS Pace Studio in Manila, Philippines, for customer co-innovation and digital innovation.
Follows TCS Pace Studio launch in Sweden, the first in the Nordic region.
Located in Panorama Tower, showcasing platforms like AI WisdomNext, TwinX, and Zero Carbon Platform.
Fifth Pace Studio globally, joining those in Riyadh, Sydney, Letterkenny, and Stockholm, expanding TCS' innovation ecosystem.
Led by Chief Technology Officer Dr. Harrick Vin, offering access to research, and Co-Innovation Network (COIN) partners.
Provides an immersive environment with interactive screens, VR headsets, and expert collaboration.
Aimed at cultivating a startup environment and fostering innovation in Asia Pacific.
#News#startup#AI#Article#customer#digital#environment#innovation
3. “Revolutionizing Manufacturing: Markforged Introduces Metal Printing Capability to Its Industrial 3D Printers”
Markforged adds metal printing to its industrial 3D printer The world of metal 3D printing has been in-flux this past year, the most notable example being Nano Dimension’s acquisition of Desktop Metal. © 2024 TechCrunch. All rights reserved. For personal use only.
#Hardware#3d printer#markedforge
4. “Planera Secures $13.5M Boost to Revolutionize Scheduling for Construction Contractors”
Planera raises $13.5M to help solve the gnarly problem of scheduling for construction contractors Planera, scheduling and planning software for commercial construction projects, has raised $13.5 million to expand its reach and help general contractors with more features. © 2024 TechCrunch. All rights reserved. For personal use only.
#war#Exclusive#Planera#Enterprise#sierra ventures
5. “Startup Incubator T9L Qube Teams Up with Cricket Legend Virender Sehwag as New Investor”
Startup incubator T9L Qube secures investment from cricketer Virender Sehwag.
Funding amount undisclosed, but will be used to support early-stage startups.
Sehwag's second investment this year, following Jaipur-based Getepay.
T9L Qube founded in 2014, has incubated startups including Docquity and Adda52.
Increasing trend of sports personalities investing in Indian startups, with recent examples like Shreyas Iyer and Hardik Pandya.
#Startup#News#startup#Internet
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