Bengaluru-based Rekise Marine secured $9.7 million from Accel and NKSquared. The funding will accelerate the development of autonomous ships and submarines for the Indian Navy. The company focuses on full-stack development of unmanned maritime systems. This investment supports the expansion…
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The Trump administration is appealing a federal judge’s decision that invalidated a $100,000 fee for H-1B visa applications. A Boston court ruled the increased cost, intended to curb immigration and protect American jobs, was an illegal tax. This legal battle…
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Venture capital firms are tightening founder contracts, with nearly 76% of Indian startups now allowing the forfeiture of vested shares for misconduct. This “Nuclear Option” aims to deter financial irregularities and governance issues, a trend amplified by recent high-profile startup…
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Adobe is facing a leadership shift as Dan Durn, the Chief Financial Officer, has left the company. Despite this change, Adobe projects a robust increase in annual revenue and profitability. The design market remains competitive, which adds complexity to the…
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Indian equity markets staged a sharp recovery on Friday morning as global stock indices turned green, dusting off recent geopolitical cues. The BSE SENSEX started at 74,742.65 points, up by 910.10 points or 1.23 per cent. Similarly, the NSE NIFTY…
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In the economic landscape of India, a shift is on the horizon as growth is anticipated to cool down to 6.6 percent this fiscal year, down from last year’s vigorous 7.7 percent. This transition is driven by a dip in…
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