Latest News

ADB grants USD 100 mn to Shriram Finance for vehicle loans to women entrepreneurs

Business

ADB grants USD 100 mn to Shriram Finance for vehicle loans to women entrepreneurs

By Plunge ArchivesDecember 30, 2022

Multilateral funding agency Asian Development Bank (ADB) has sanctioned USD 100 million (about Rs 830 crore)...

Battle against inflation to continue amid global uncertainties

Business

Battle against inflation to continue amid global uncertainties

By Plunge ArchivesDecember 30, 2022

After remaining above the Reserve Bank’s comfort level of 6 per cent for most part of...

Covid: MoCA issues revised guidelines for arriving intl passengers from six countries

COVID19

Covid: MoCA issues revised guidelines for arriving intl passengers from six countries

By Plunge ArchivesDecember 30, 2022

The Ministry of Civil Aviation on Friday issued revised Covid guidelines for passengers arriving in international...

Transition to new emission norms to lead to a rejig in tractors HP-wise mix: ICRA

Auto

New emission norms will lead to rejig in tractors HP-wise mix: ICRA

By ZeyadDecember 30, 2022

The revised emission standards for >50 HP tractors (Bharat Stage TREM IV) are slated to become...

Telecom

Telecom space set for 5G, to attract Rs 1.5 lakh cr investments in 2023; tariff hikes likely too

By Plunge ArchivesDecember 30, 2022

From connecting people with 5G services to lowering the cost of operations, the country’s revitalised telecom...

Tata Power raises Rs 1,000 crore through bonds

Business

Tata Power raises Rs 1,000 crore through bonds

By Plunge ArchivesDecember 30, 2022

Tata Power on Thursday said it has raised Rs 1,000 crore through the issuance of non-convertible...

PHDCCI pitches for increasing health budget by 30-40 pc

Business

PHDCCI pitches for increasing health budget by 30-40 pc

By Plunge ArchivesDecember 29, 2022

Industry body PHDCCI on Thursday said the health budget should be increased by 30-40 per cent...

CAD widens to USD 36.4 bn or 4.4 pc of GDP in Q2: RBI data

GDP

CAD widens to USD 36.4 bn or 4.4 pc of GDP in Q2: RBI data

By Plunge ArchivesDecember 29, 2022

Widening trade gap pushed up the country’s current account deficit to USD 36.4 billion or 4.4...

Mandaviya bats for nano liquid urea; says it's cheaper, better, saves govt subsidy

Agriculture

Mandaviya bats for nano liquid urea; says it’s cheaper, better, saves govt subsidy

By Plunge ArchivesDecember 29, 2022

Minister for Chemicals and Fertilisers Mansukh Mandaviya on Thursday stressed on the need to promote nano...

RITES wins SAFA’s Gold Award for Best Presented Annual Report

Infrastructure

RITES wins SAFA’s Gold Award for best presented annual report

By ZeyadDecember 29, 2022

RITES Limited, the leading transport infrastructure consultancy and engineering firm, has won the ‘Best Engineering Consultancy...

Ulipsu, India's first OTT-like multi-potential learning platform

OTT

Ulipsu, India’s first OTT-like multi-potential learning platform

By Plunge ArchivesDecember 29, 2022

Ulipsu, India’s first multipotential OTT-like learning platform, which recently raised $1.5 million in funding from angel...

India-Australia FTA to provide 'big relief' to Indian textile exporters: CITI

Business

India-Australia FTA to provide ‘big relief’ to Indian textile exporters: CITI

By Plunge ArchivesDecember 29, 2022

The India-Australia Economic Cooperation and Trade Agreement, which came into force from Thursday, is set to...

Mamaearth parent Honasa Consumer files IPO papers

Business

Mamaearth parent Honasa Consumer files IPO papers

By Plunge ArchivesDecember 29, 2022

Honasa Consumer Ltd, which owns new-age FMCG brands like Mamaearth and The Derma Co, has filed...

Digital ad spending in India will witness a steep climb; to hit $21Bn by 2028: Redseer Strategy Consultants

Analysis

Digital ad spending in India to hit $21 billion by 2028: Redseer

By ZeyadDecember 29, 2022

In the last decade, India’s advertisement industry has made giant strides. Covid led accelerated digitization formed...

Infibeam Avenues Ltd announces perpetual renewal of the Bharat Bill Payment License by RBI

Banking

Infibeam Avenues announces renewal of RBI’s Bharat Bill Payment License

By ZeyadDecember 29, 2022

Infibeam Avenues Limited, India’s first listed fintech company, received Perpetual license from the Reserve Bank of...

India, UK finance ministers agree to make further progress on FTA

Trade

‘India-Australia FTA to help bilateral trade cross USD 70 bn in next 5 years’

By Plunge ArchivesDecember 29, 2022

The free trade agreement (FTA) between India and Australia, which comes into effect from Thursday, will...

Alisshaa Ohri to Represent India at the Mrs. Universe 2022

Culture

Alisshaa Ohri to Represent India at the Mrs. Universe 2022

By Plunge ArchivesDecember 29, 2022

Mrs. Universe 2022 is all set to be hosted in Sofia, Bulgaria from 30th January to...

O2O Marketplace OhLocal Aims Exponential Growth in 2023, Looking to Generate Business Opportunity of Over INR 90 Crore for its Partnered Retailers and Local Sellers Across India

E-commerce

O2O Marketplace OhLocal Aims Exponential Growth in 2023

By ZeyadDecember 29, 2022

India’s first-of-its-kind O2O (online-to-offline) local commerce marketplace platform that is connecting local merchants with consumers in...

Hybrid energy project likely to start by 2024: JSL MD

Business

Tata Power Renewable Energy to set up 255 MW hybrid project in Karnataka

By Plunge ArchivesDecember 29, 2022

Tata Power Renewable Energy Limited has received a Letter of Award (LoA) from Tata Power-DDL for...

Airtel plans Rs 27,000-28,000 cr capex for network, no premium pricing for 5G

Telecom

Airtel plans Rs 27,000-28,000 cr capex for network, no premium pricing for 5G

By Plunge ArchivesDecember 28, 2022

Telecom operator Bharti Airtel has plans to invest Rs 27,000-28,000 crore in telecom network with a...

Google gets demand notices from CCI for non-payment of penalties

Business

Google gets demand notices from CCI for non-payment of penalties

By Plunge ArchivesDecember 28, 2022

The Competition Commission is understood to have issued demand notices to Google for its failure to...

Appinventiv is scripting a success story representative of the new India, one of unbridled growth fuelled by the SaaS revolution. The global economic order has witnessed a seismic shift in recent times, with the pandemic and the Ukraine-Russia war forcing the world to look for better investment opportunities and sustainable growth, especially in India. Appinventiv, a one-stop digital engineering enabler, with an army of 1200+ agile developers equipped with state-of-the-art technologies like Blockchain, AI, Data science Cloud & DevOps. Appinventiv has empowered the vision of a global clientele, including American Express, Vodafone, KPMG, Asian Bank, EmiratesNBD, Virgin Group, Adidas, Americana Group and Bodyshop, with solutions that help them digitally transform and scale their operations. But, despite serving a global clientele boasting of brands like American Express, Vodafone, KPMG, Appinventiv has remained true to its focus on executing locally, further boosting India's image as the next big destination for tech and SaaS. With four centres of excellence in India, Appinventiv is investing in native resources and preparing them to fuel the global SaaS aspirations taking the "Thinking Globally, Executing Locally" motive to the next level. Disrupting the Global Order: The Rise of Indian SaaS Fuelled by large-scale digital adoption brought forth by the pandemic, the need for climate sustainable solutions and India's exceptional engineering, manufacturing and farming capabilities, the country's SaaS industry has emerged as the next big destination. Saurabh Singh, CEO of Appinventiv, explains how the company has managed to capitalise on this shift. "Appinventiv has always stayed ahead of the curve by continuously exploring newer markets. With a multi-talented pool of creative thinkers and executors, we have given a new dimension to thinking globally, executing locally.' India has always had the potential to expand its horizons and create a powerful impact on global markets. Appinventiv is one of the leading examples in the SaaS startup space to have successfully launched, built, and created a sustainable ecosystem that is lucrative for both customers and employees,". The Indian SaaS market is expected to account for 7-10 percent of the global SaaS market by 2025, growing from the 2-4 percent at present, according to a study by EY-CII. The current revenue through IT outsourcing stands at $7.14 billion, growing with an impressive CAGR of 11.80%, and is estimated to touch $12.47 billion by 2027. Saurabh Singh, CEO at Appinventiv, believes Appinventiv can not only match up to, but surpass its global SaaS counterparts to become an industry trendsetter. "As a leading digital engineering organisation, we understand the market dynamics and help create solutions that exceed our clients' expectations. We help achieve business continuity by consistently listening to our customers and delivering data-backed solutions that boost performance. This window of opportunity in India has also helped us address the needs of global clients. With the help of cutting-edge tech, we have created a dynamic ecosystem that caters to all industries," Saurabh Singh added. Global Success, Made Locally' Appinventiv's ability to create ideas and produce exceptional outcomes has led to its global success, with notable clients in the US, Middle East, Europe, Australia, and New Zealand and has catered to brands like IKEA, KFC, Pizza Hut, and JobGet. It has also partnered with the Government of India on several key projects and helped governments and companies in other geographies through its innovation. It was instrumental in developing the Hukoomi' app, the official online information and e-services portal of the Government of Qatar. Appinventiv has also been pivotal in building JobGet, a recruitment marketplace for blue-collared workers. The success of the application led to the company raising $52 million in Series B funding, during a phase when economic downturn was leading to fundings being pulled and cost-cutting measures being implemented. JobGet's success is a testament of Appinventiv's "Thinking Globally, Executing Locally" prowess. It showcases how Appinventiv's Technical expertise is solving global challenges with Indian talent and resources. By building fluid, clutter-free, and eye-pleasing apps, Appinventiv has helped startups across various industries raise over $950 million in funding. The company, for example, has helped crypto fintech apps successfully process over 2 lakh transactions and recently built a language learning app powered by AI-ML that offered personalised lessons for students and fetched around 10 million downloads. Its work in healthcare, blockchain, and AI has also fetched similar laurels. Indian SaaS companies hold the key to unlock opportunities for growth and revenue generation. At a time when global brands are looking to cut costs without sacrificing on quality, Indian companies offer flexible, scalable solutions to help bridge the gap between legacy enterprises and new-age disruptors. Appinventiv, as a leader in this space, is scripting a success story representative of the new India, one of unbridled growth fuelled by the SaaS revolution.

Business

Thinking Globally, Executing Locally: How Appinventiv is Scripting India’s SaaS Success Story

By Plunge ArchivesDecember 28, 2022

Appinventiv is scripting a success story representative of the new India, one of unbridled growth fuelled...

Hyderabad-based Startup Marut Drones Receives Double certification by DGCA

Technology

Startup Marut Drones Receives Double certification by DGCA

By ZeyadDecember 28, 2022

India’s leading drone manufacturer “Marut Drones” have received the Type Certification approvals from the Director General...

Pheal Empowers Physical Therapists with a New-Age App Backed by INR 2.25 Crores Seed Funding

Funding News

Pheal Empowers Physical Therapists with a New-Age App Backed by INR 2.25 Crores Seed Funding

By Plunge ArchivesDecember 28, 2022

Pheal is a smartphone app that offers innovative physical therapy tools care to physiotherapists while simultaneously...

Civil aviation sector witnessing strong V-shaped recovery; domestic passenger growth will continue: Scindia

Business

Civil aviation sector witnessing strong V-shaped recovery; domestic passenger growth will continue: Scindia

By Plunge ArchivesDecember 28, 2022

The country’s civil aviation sector is witnessing a very strong V-shaped recovery with encouraging domestic passenger...

Curefoods Reaches a Milestone of 1 Million Orders per Month

E-commerce

Curefoods reaches a milestone of 1 million orders per month

By ZeyadDecember 28, 2022

Curefoods, India’s leading cloud kitchen operator has announced reaching a milestone of 1 million orders per...

NDTV's takeover by Adani: Is there a question to be asked on Indian media independence?

Opinion

NDTV’s takeover by Adani: Is there a question to be asked on media independence?

By ZeyadDecember 28, 2022

In November 2022, AMG Media Networks, a unit of billionaire Gautam Adani’s conglomerate, took over NDTV...

Road transport ministry introduces authorisation certificates for car dealers to check malpractices

Auto

Road transport ministry introduces authorisation certificates for car dealers to check malpractices

By Plunge ArchivesDecember 28, 2022

The Ministry of Road Transport and Highways (MoRTH) has introduced authorization certificates for the dealers of...

A Report on Recyclability of Multi-Layer Mixed Plastics (MLP) at an Industry Event on Sustainable Packaging

Analysis

UFlex releases report on recyclability of multi-layer mixed plastics

By ZeyadDecember 28, 2022

Mr. Ashok Chaturvedi, Chairman and Managing Director, UFlex Limited, recently released a report on recyclability of...

Business

From IT rule tweaks to Thanos’ snap at Twitter, social media hits reset in #2022

By Plunge ArchivesDecember 28, 2022

Many spend a good part of their day on social media but what has become an...

Biological E, Bharat Biotech together sitting on stockpile of 250 million COVID vaccine doses

COVID19

Biological E, Bharat Biotech together sitting on stockpile of 250 million COVID vaccine doses

By Plunge ArchivesDecember 28, 2022

Two major vaccine makers from Hyderabad, Biological E Ltd and Bharat Biotech, together are holding about...

AI-driven Zamit makes it an ‘edutaining’ experience with a focus on Universal Awareness for school students

Business

AI-driven Zamit makes it an ‘edutaining’ experience

By ZeyadDecember 28, 2022

In a memorable development for school students, Zamit, a leading AI-enabled one-stop solution provider for all...

Auto

ETO Motors partners DMRC to deploy women-driven e-autos at metro stations

By Plunge ArchivesDecember 28, 2022

ETO Motors on Tuesday said the company has partnered with Delhi Metro Rail Corporation (DMRC) to...

Retail loans can become a source of systemic risk, warns RBI

Business

Retail loans can become a source of systemic risk, warns RBI

By Plunge ArchivesDecember 28, 2022

Retail loans, long considered a panacea for the banking system, may become a systemic risk, the...

Opinion

Replicating EU’s DMA is Detrimental to India’s Economic Development

By Lloyd MathiasDecember 28, 2022

Where a robust policy framework is essential for sustainable and more equitable growth, interventionist policies, such...

Gaming

IT Ministry made nodal ministry for online gaming

By Plunge ArchivesDecember 27, 2022

The Ministry of Electronics and Information Technology (MeitY) has been appointed as the nodal ministry for...

COVID19

Consider discount on policy renewal for those with 3 doses of COVID-19 vaccine: Irdai to insurers

By Plunge ArchivesDecember 27, 2022

Amid a surge in coronavirus cases in several countries, regulator Irdai has asked insurers to consider...

MYRE Capital closes INR 20+ cr Lease-Rental Discounting investment opportunity in a record time of 25 days; aims to scale to INR 1000 cr AUM by CY23

Business

MYRE Capital closes 20 crore investment opportunity in 25 days

By ZeyadDecember 27, 2022

MYRE Capital, India’s first Neo-Realty investment platform, has closed its latest investment opportunity in the newly...

Hedera announces winners of the Hatch Web3 Accelerator

Technology

Hedera announces winners of the Hatch Web3 Accelerator

By ZeyadDecember 27, 2022

Hatch Web3 Accelerator for Hedera, launched by Lumos Labs in partnership with The HBAR Foundation, announced...

Story PageMyplan8 launches app to sensitize about carbon footprint

Environment

Myplan8 launches app to sensitize about carbon footprint

By Plunge ArchivesDecember 27, 2022

Startup firm Myplan8 on Tuesday said it has launched an application to sensitize people about their...

Ola, Uber & 3 other digital platforms score nil in rating of fair work conditions for gig workers: Report

Business

Ola, Uber & 3 other digital platforms score nil in rating of fair work conditions for gig workers: Report

By Plunge ArchivesDecember 27, 2022

Five digital platforms — cab aggregators Ola and Uber, grocery delivery app Dunzo, pharmacy platform PharmEasy...

Allen Now Flying High in Digital Education

EdTech

Allen Now Flying High in Digital Education

By Plunge ArchivesDecember 27, 2022

Distances are over, ALLEN Digital is reaching every home After the record in offline, now ALLEN...

COVID19

Bharat Biotech’s intranasal COVID-19 vaccine to cost Rs 800 for private markets

By Plunge ArchivesDecember 27, 2022

Bharat Biotech International Limited on Tuesday said its COVID-19 intranasal vaccine iNCOVACC, which is now available...

BYJU’S strongly denies buying student databases

EdTech

BYJU’S strongly denies buying student databases

By ZeyadDecember 27, 2022

BYJU’S strongly denies the allegation that it purchases students’ databases. We categorically state that we have...

Dry Fruits & Nuts start-up, Farmley drives 35% rise in farmers income

Startup India

Dry Fruits startup Farmley drives 35% rise in farmers income

By ZeyadDecember 27, 2022

Farmley is a full-stack dry fruits and nut brand that provides high quality, adulteration free products...

Significant controls to govt under data protection bill to hit investments in data centres

Business

Significant controls to govt under data protection bill to hit investments in data centres

By Plunge ArchivesDecember 27, 2022

Significant controls and exemptions to the government under the proposed Digital Personal Data Protection bill 2022...

Startups

Startups will attract significant foreign direct investments in 2023: DPIIT Secy

By Plunge ArchivesDecember 27, 2022

The country’s startups will attract significant foreign direct investments (FDI) in 2023 on account of steps...

Technology

IISc develops air filtration technology to mitigate air-borne infection

By ZeyadDecember 27, 2022

A newly developed air filter can deactivate the germs ‘self-cleaning’ them out of the system using...

BIS comes out with standards for USB Type-C charging port

Technology

BIS comes out with standards for USB Type-C charging port

By Plunge ArchivesDecember 26, 2022

As the government plans to introduce two common types of charging ports for mobiles and wearable...

Blue-collar industry sees sharp rise in job opportunities: Report

Business

Blue-collar industry sees sharp rise in job opportunities: Report

By Plunge ArchivesDecember 26, 2022

The blue-collar industry has witnessed a sharp rise in job opportunities in the country and tier...

Classplus Celebrates its Founding Day with a First of its Kind ‘Giant’ Tribute to Educators

EdTech

Classplus celebrates its founding day with ‘Giant’ Tribute to educators

By ZeyadDecember 26, 2022

Classplus, India’s category leading B2B edtech startup that helps educators and content creators launch and scale...

Samaaro Raises Seed Funding to Empower B2B Event Marketers

Funding News

Samaaro Raises Seed Funding to Empower B2B Event Marketers

By Plunge ArchivesDecember 26, 2022

Bengaluru-based Samaaro, a B2B event-marketing SaaS platform has raised seed funding round, led by SucSEEDIndovation Fund...

WeWork India raises Rs 550 cr from BPEA Credit-managed fund for future growth, acquisition

Funding News

WeWork India raises Rs 550 cr from BPEA Credit-managed fund for future growth, acquisition

By Plunge ArchivesDecember 26, 2022

Co-working major WeWork India on Monday said it has raised Rs 550 crore from funds managed...

GetVantage backs cleantech companies with US$ 5 mn non dilutive capital on its marketplace

Electric Vehicle

GetVantage backs cleantech companies with US $5 million

By ZeyadDecember 26, 2022

GetVantage, India’s leading Revenue-Based Financing (RBF) and growth platform for founders, has firmly established itself as a...

PLI scheme for textiles attracts Rs 1,536 cr in investments: Govt

Business

PLI scheme for textiles attracts Rs 1,536 cr in investments: Govt

By Plunge ArchivesDecember 26, 2022

The Rs 10,683-crore production-linked incentive scheme for India’s textiles sector attracted investments of Rs 1,536 crore...

FanTiger debuts in Tamil Music Industry with ‘Ammadi’ NFT

Culture

FanTiger debuts in Tamil Music Industry with ‘Ammadi’ NFT

By ZeyadDecember 26, 2022

After successfully launching music NFTs in Punjabi and Hindi, FanTiger (www.FanTiger.com), India’s first dedicated Music NFT...