Jio-Airtel Hikes Prices🗼
Amazon invests Rs 600 crore in payments biz, Foxconn’s next big revenue project, Govt plans centre of excellence, Funding Deals and more.
Welcome to Friday’s edition of Rise & Shine!
“People often say that motivation doesn’t last. Well, neither does bathing—that’s why we recommend it daily.”
- Zig Ziglar
Today's quote humorously highlights the importance of maintaining daily motivation.
Let's dive into how consistent effort and renewal can make a significant difference in our lives.
Tech Updates
Jio, Airtel raises mobile tariffs from July 3
Mobile phone bills are set to increase as Reliance Jio and Bharti Airtel have announced significant tariff hikes. Jio revealed a 12-25% increase on Thursday, followed by Airtel's announcement of price hikes on Friday. This marks the first major rate increase by a telco since 2021, aimed at boosting average revenue per user (ARPU) due to the high investments in 5G services.
Amazon invests Rs 600 crore in India payments business
US ecommerce giant Amazon made a fresh capital infusion of Rs 600 crore (about $72 million) in Amazon Pay India, strengthening the Indian fintech arm’s efforts to intensify competition with Paytm, PhonePe, and Google Pay.
After iPhone, Foxconn’s next big revenue project in India is AI servers
Contract manufacturer Foxconn said it has plans to begin manufacturing AI servers—the high-performance computing engines that train and run artificial intelligence (AI) models—at its Indian facilities. Foxconn is likely to use its existing facilities in Tamil Nadu to build the servers. This move will be an expansion for the company, which is best known as the lead assembler of the Apple iPhone.
Govt plans centre of excellence for digital public goods R&D
The government plans to set up a centre of excellence to work on research and development in digital public infrastructure (DPI) and digital public goods (DPG). This centre of excellence (CoE) will also lead the work and coordination of the implementation of the plan for DPI and DPG proliferation in G20 nations and the Global South, an official said.
Funding Deals
Edtech unicorn upGrad has raised Rs 287.5 crore (approximately $35 million) from EvolutionX.
Co-working space solutions provider Smartworks has raised Rs 168 crore ($20.24 million) from a group of investors including Keppel, Ananta Capital Ventures Fund I, Plutus Capital, family trusts, and HNIs.
Agritech startup Two Brothers Organic Farms has raised Rs 58.2 crore in an equity funding round led by Zerodha cofounder Nithin Kamath’s Rainmatter Foundation. The round also saw participation from Silicon Valley entrepreneur Raju Chekuri, founder of the cybersecurity firm NetEnrich.
Machine manufacturing startup Autocracy Machinery has raised Rs 5 crore in a pre-Series A round led by Venture Catalysts along with participation from Nikhil Jaisinghani, Bharat Jaisinghani, and SFour Capital.
Tech-enabled sports startup Machaxi has raised Rs 4.8 crore ($580,000) in a pre–Series A Round led by Inflection Point Ventures.
Celebal Technologies, an IT services provider backed by Norwest Venture Partners, has raised undisclosed debt from alternative credit platform BlackSoil.
🚿 Short Story: The Daily Spark
In a bustling city, there lived an artist named Emma who had a dream of creating a masterpiece. Every morning, she would feel a surge of motivation, envisioning the stunning work of art she longed to create.
However, by the end of the day, her enthusiasm would often fade, replaced by the mundane demands of daily life.
One day, Emma met an old friend, Tom, who was known for his unwavering dedication to his craft. Tom shared his secret: "I treat motivation like bathing. I make a habit of renewing it daily."
Inspired by Tom’s words, Emma decided to change her approach.
Each morning, she began her day with a ritual that reignited her passion—whether it was reading an inspiring quote, sketching out new ideas, or simply reflecting on her goals. This daily renewal of motivation kept her spirit and creativity alive, allowing her to progress steadily on her masterpiece.
By fueling her motivation, Emma eventually completed her artwork, which was acclaimed far and wide. She realized that just like bathing, daily motivation was essential to achieving her dreams.
Tweet of the day🐥
Emma’s story teaches us that motivation, like any other essential habit, needs regular upkeep.
By dedicating a little time each day to reignite our passion and drive, we can consistently sustain the energy needed to pursue our goals.
Reading Rise & Shine daily helps reinforce this principle, offering a fresh dose of inspiration to keep you motivated and moving forward.
Each quote and story serves as a gentle reminder to maintain your enthusiasm and dedication.
Have a motivating Friday, and remember, keep renewing your motivation daily.
Feel free to share it with someone who could use a little inspiration. Let's pass on the good vibes and make someone's day!
Thanks for reading till the end!