Today's Tech Check- "Tracxn Boosts Employee Stock, NVIDIA is Revolutionizing, Sanjeev Misra as New Advisor, Skanray & Tata Elxsi Join Forces, Ola Electric IPO Hits Full Subscription"
5th August, 2024
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1. “Tracxn Boosts Employee Stock Options: A Closer Look at the Expanded ESOP Pool”
Tracxn Technologies expanded ESOP pool by allocating 99,707 options to eligible employees.
Exercise price set at Re 1/- per share, with a value of INR 91.2 Lakh based on Tracxn's stock price.
Follows previous ESOP allotments in June and May, increasing total paid-up share capital.
Comes amid Tracxn's 84.6% YoY profit after tax increase; 10.5% sequential decline in revenue.
#News#B2B#employee#stock
2. “Unlocking the Future: How NVIDIA is Revolutionizing GenAI with Scalable & Cost-Effective Solutions”
NVIDIA offers scalable and cost-effective GenAI solutions.
GenAI SDKs and workflows, including NeMo framework, support model development from data curation to inference.
NVIDIA provides a full-stack accelerated computing platform for GenAI workloads.
NeMo framework supports research and development of Large Language Models, Multimodal, and Speech AI.
Amit Kumar and Jigar Halani from NVIDIA highlighted key services for GenAI solution deployment.
NVIDIA provides computing platforms, models, and services for humanoid robotics development.
NVIDIA's AI summit in Mumbai in October will feature a keynote address from founder Jensen Huang.
#AI
3. “Rukam Capital Welcomes Sanjeev Misra as New Advisor: A Milestone Move for the New Delhi-based Firm”
Points:**
Rukam Capital appoints Sanjeev Misra as Advisor.
Misra brings over 30 years of experience in the corporate world.
Formerly, he held leadership positions at Adani Group, Paytm, and Yoho.
His expertise will guide Rukam Capital's strategic initiatives, especially in scaling technology and consumer brands.
Archana Jahagirdar, Managing Partner at Rukam Capital, welcomes Misra's addition to the team.
#strategic#News#technology#Article#Adani#leadership
4. “Skanray & Tata Elxsi Join Forces to Revolutionize Surgical Imaging & Healthcare Innovation”
Skanray and Tata Elxsi partner to develop surgical imaging technology and software platform.
Aim: Revolutionize diagnosis and treatment through advanced technology modules.
Skanray: Global MedTech company with 89 CE and FDA-approved products.
Tata Elxsi to lead a software platform approach to support Skanray's imaging, critical care, and surgical systems.
Platform includes AI and GenAI technologies for efficiency and interoperability.
#war#AI#company#News#technology#Tata#Tata#Article
5. “Ola Electric IPO Hits Full Subscription Milestone on Day Two!”
Ola Electric's IPO fully subscribed on day two, with retail portion subscribed nearly 3X.
Bhavish Aggarwal-led company's IPO priced between Rs 72-76 per share, valued at Rs 33,500 crore.
IPO included a fresh issue and an offer for sale component of 8.4 crore shares.
Qualified institutional buyers (QIBs) subscribed 39% on day two.
Employee reserved category led subscription, subscribed 8.84 times.
IPO to debut on stock exchanges on August 9.
#company#crore#stock
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