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  Cars24 laid off 600 workers, just days after Vedantu fired 424 employees. Y Combinator has asked founders of its portfolio firms to prep for the worst. Is there a twist ahead in the start-up story? Investors, founders and CEOs have started sounding bugle on an impending funding crisis for start-ups and are taking a sombre tone on the medium-term outlook of the ecosystem. After raising a record $35 billion in 2021, Indian start-ups are staring at falling valuations and a slowdown in funding as investor sentiment turns negative after more than a decade of bull-run that saw India mint a 100 unicorns. This has prompted several start-ups lay off employees as focus turns towards profitability and cash conservation to increase runway. The latest to do so are SoftBank-backed pre-owned e-commerce platform Cars24 and ed-tech start-up Vedantu, which had turned unicorns in the last two years. Cars24 reportedly laid-off 600 staff, making up 6% of the company’s total employee strength wher...

Microblogging site Twitter has announced that it is introducing a crisis misinformation policy that will help hide tweets that share false information during a crisis. Microblogging site  Twitter  has announced that it is introducing a crisis misinformation policy that will help hide tweets that share false information during a crisis. The company said that during periods of crisis access to credible, authoritative information and services is even more important. "We are introducing our crisis misinformation policy -- a global policy that will guide our efforts to elevate credible, authoritative information, and will help to ensure viral misinformation isn't amplified or recommended by us during crises," the company said in a blogpost. "Alongside our existing work to make reliable information more accessible during crisis events, this new approach will help to slow the spread by us of the most visible, misleading content, particularly that which could lead to severe ...

  Now, a business can easily access the service, build directly on top of WhatsApp to customise their experience and speed up their response time to customers by using the secure WhatsApp Cloud API In a bid to further boost Meta-WhatApp business integration, CEO  Mark Zuckerberg  has announced to open the mobile messaging platform to businesses of all sizes globally with  WhatsApp  Cloud API (application programming interface) hosted by the parent company. With this move, any business or developer can easily access the service, build directly on top of  WhatsApp  to customise their experience and speed up their response time to customers by using the secure  WhatsApp  Cloud API. The company will offer businesses on WhatsApp free, secure cloud hosting services provided by Meta. "This is an important step to help more businesses connect with people and help more people message the businesses that they want to support -- big and small," Zuckerbe...

  New Delhi,  May 2022: KSP INC, a major brand in metal fabrication and an export company has announced the start of a new 1 lakh square feet manufacturing plant in Noida, which will be 'highly automated' and will ensure that the products manufactured are globally competitive. The factory will use advanced technologies, allowing simultaneous connection of various machines, human workers and AGVs (automatic guided vehicles) as they perform manufacturing tasks. High-speed, real-time data acquisition throughout the factory will provide data on all aspects of production cycles for AI-based analysis to achieve a safe, flexible production environment. The new manufacturing unit will be operational in the month of September this year and it will benefit the local communities as it is expected to create employment opportunities for around 1600-1800 people. Commenting on the development, Siddhant Bery, Second Generation Entrepreneur, Managing Partner, KSP INC said, "With a fo...

  Double Chabi is an esteemed brand in the production and distribution of rice, and has been active for over seventy years in the commercial space, with no sign of slowing down any time soon. In fact, with the fourth generation of the founding Goyal family having joined the workforce, Double Chabi's success is all but assured. The company had been founded in 1959 by Kashmiri Lal Satpal, the patriarch of the family, in Taraori, Haryana, on a fertile patch of land across the Yamuna. From the very beginning Double Chabi was dedicated to providing the best possible product to the consumers. Established during the second five year plan of the Indian government, Double Chabi took advantage of the developmental initiatives and investments the newly independent Indian government was making in agriculture and industry, and blossomed into an extremely successful business over the years. Till the 90s Double Chabi functioned within the boundaries of the nation, gradually expanding its busi...

  India will on Tuesday launch two indigenously built frontline warships, marking a significant development for the military. Prime Minister Narendra Modi will address the silver jubilee celebrations of TRAI, the country’s telecom regulator.  Life Insurance Corporation  will list its shares at the stock exchanges after a blockbuster initial public offering. The Indian embassy in Kyiv, the capital of war-torn Ukraine, is all set to reopen. Here are the top five developments for May 17. Rajnath Singh to launch frontline warships Defence Minister Rajnath Singh will, on Tuesday, launch two indigenously-built frontline warships of the Indian Navy. The inauguration will take place at the Mazagon Docks in Mumbai. The two warships, that are to be launched, are called Surat and Udaygiri. Surat, named after the bustling port city in Gujarat, is the fourth and final of stealth destroyers under the Project 15B program. Udaygiri, on the other hand, is named after a mountain ra...