Around The World

18 Jun

UGRO CAPITAL TO ACQUIRE PROFECTUS CAPITAL IN A ₹1,400 CR ALL-CASH DEAL

MediaCatalystBusiness

Mumbai : UGRO Capital Limited (NSE: UGROCAP | BSE: 511742), a leading DataTech NBFC focused on MSME lending, today announced a significant development that underscores its commitment to empowering the MSME ecosystem through tailored, embedded financial solutions and expanding its Emerging Market business reach. UGRO Capital has executed a Share Purchase Agreement with the existing shareholders of Profectus Capital Private Limited ("Profectus") to acquire 100% of the shares of Profectus. This all-cash deal, with the consideration payable in a single tranche at closing shall mobilize proceeds from UGRO's recently announced equity raise, will deploy capital into a fully secured asset portfolio delivering instant…

18 Jun

C-Suite Divided on GenAI Adoption, Finds NTT DATA Research

MediaCatalystBusiness, Technology

Mumbai — A new study by NTT DATA has found a disconnect among top corporate executives over the adoption of Generative Artificial Intelligence (GenAI), particularly between chief executive officers (CEOs) and chief information security officers (CISOs). The report, titled “The AI Security Balancing Act: From Risk to Innovation,” draws from a global survey of over 2,300 senior decision-makers in 34 countries. The findings indicate that while a majority of CEOs support expanded GenAI use, many CISOs continue to express concerns about security risks and infrastructure readiness. Contrasting Views Within the Executive Team According to the survey, 99% of C-suite executives…

18 Jun

ACT Fibernet Collaborates with Amazon Prime to Offer Prime Lite Benefits to Consumers

MediaCatalystBusiness, Health, Sports

Mumbai : Combining fast internet with the best of entertainment, shipping and shopping benefits, ACT Fibernet, India’s prominent wired Internet Service Provider, has partnered with Amazon Prime to launch new Prime Lite plans, delivering unparalleled value. These new plans provide customers with seamless, high-speed internet coupled with unlimited access to premium entertainment through Prime Video. With Prime Lite subscriptions, members can enjoy unparalleled entertainment from Prime Video’s extensive library of award-winning and blockbuster Indian and international Originals, TV shows, movies, and more, on a single device of their choice, in HD quality. Prime members also enjoy benefits like free unlimited…

18 Jun

NODWIN Gaming Partners with Chess.com and ChessBase India to Develop Chess Esports in India

MediaCatalystBusiness, Sports

National Bureau : NODWIN Gaming has announced a partnership with Chess.com and ChessBase India to collaborate on a long-term initiative aimed at expanding the chess esports ecosystem in India. The partnership brings together three organizations with different roles in the chess and gaming landscape. NODWIN Gaming will oversee production, broadcast, and commercial operations. ChessBase India will provide access to the domestic chess community and its grassroots networks. Chess.com will offer its digital platform, tournament infrastructure, and community engagement tools. According to the companies, the collaboration will involve joint efforts in producing original content, launching new competitive formats, and engaging both…

17 Jun

Galgotias University and Tata Technologies Establish Learning Centre for Product Development Training

MediaCatalystBusiness, Education

National, 17 June 2025 — Galgotias University and Tata Technologies have jointly launched a Learning Centre focused on product development training for engineering students. The centre will provide technical education and practical exposure to students from Mechanical, Electrical, and Electronics Engineering programs. The facility was inaugurated by Pawan Bhageria, Global President – HR, IT & Education at Tata Technologies, and Dr. Dhruv Galgotia, Chief Executive Officer of Galgotias University. The centre is designed to deliver training in areas such as MCAD/PLM systems, electric vehicle technologies, and other engineering domains. It will leverage Tata Technologies’ I GET IT platform, which offers…

17 Jun

COVID-19 Cases Rise: Justdial Reports Increase in Public Searches for Testing and Insurance

MediaCatalystHealth

Mumbai, June 17, 2025 — As India sees a rise in COVID-19 cases, with active cases surpassing 7,000 according to the Ministry of Health and Family Welfare, search engine Justdial has reported a significant increase in COVID-related online queries across the country. Data from Justdial indicates a 153% increase in nationwide COVID-related searches in May 2025 compared to April 2025. Key areas of interest include testing centres, insurance policies, and vaccination information. Both government and private testing facilities saw eightfold increases in search volume. Insurance-related queries rose by 77%, and searches for Pradhan Mantri Jan Arogya Yojana (PM-JAY) vaccination centres…

17 Jun

JIIF Investors Contribute ₹26.5 Crore to Atomic Capital’s ₹350 Crore Consumer-Focused VC Fund

MediaCatalystInvestment

New Delhi — Investors from early-stage angel network JIIF have participated in a ₹350 crore fund launched by Atomic Capital, a consumer-focused venture capital firm. JIIF-affiliated investors contributed ₹26.5 crore to the fund. This represents one of the larger collective investments by JIIF members in the consumer venture capital sector. Atomic Capital aims to invest in startups addressing emerging consumption patterns in India, including digital-first brands, regional markets, and health-related products. Jeenendra Bhandari, Chairman of JIIF, said the investment reflects the network’s interest in supporting consumer-oriented ventures. “It is a proud moment to see JIIF members backing Atomic Capital’s first…

16 Jun

Rajapushpa Properties Opens Large-Scale Clubhouse in Hyderabad Township

MediaCatalystBusiness, Real-Estate

Hyderabad : Real estate developer Rajapushpa Properties has inaugurated a new clubhouse named Club Odyssey within its residential project, Rajapushpa Provincia, located in Narsingi, Hyderabad. The facility spans over 100,000 square feet and is intended to serve as a social and recreational center for residents of the township. The launch event took place on 15 June and was attended by national badminton coach and Padma Bhushan awardee Pullela Gopichand, along with P. Sreenivas Reddy, Executive Director of Rajapushpa Properties. Club Odyssey includes a swimming pool, gymnasium, six badminton courts, indoor games, basketball court, squash court, co-working lounges, and spaces for…

16 Jun

Carrum Mobility Expands Fleet Operations with Uber Black in Delhi NCR and Mumbai

MediaCatalystBusiness

Mumbai : Carrum Mobility, a fleet management services company under the CarDekho Group, has expanded its partnership with Uber by deploying over 250 SUVs for Uber Black in the Delhi NCR and Mumbai markets. The collaboration involves Carrum overseeing fleet operations for Uber’s premium ride category. The company is responsible for vehicle inspections, performance monitoring, and implementation of operational standards across the fleet. Carrum has also introduced training programs for drivers assigned to this service segment. These programs include standardized operating procedures, uniforms, and service guidelines. A performance-based recognition system has also been introduced to encourage adherence to service protocols.…

16 Jun

Staqu Technologies Transforms Campus Security at Vijaybhoomi University with AI-Powered JARVIS Deployment

MediaCatalystEducation, Technology

Mumbai : In a landmark step towards redefining campus safety and operational excellence, Staqu Technologies has successfully deployed its advanced AI video analytics platform, JARVIS, at Vijaybhoomi University. The implementation spans the entire campus, bringing intelligent surveillance, automated alerts, and real-time analytics to the forefront of the university’s infrastructure. This collaboration marks a significant stride in building a secure, responsive, and data-driven academic environment. JARVIS is actively being leveraged for critical safety use cases, including automated intrusion detection that alerts authorities upon unauthorized access in restricted areas, thereby preventing potential breaches before they escalate. The system is also enabling gender-based…