Online festive sales hit $6.5 billion🛍
India to help ASEAN nations, TCS Q2 profit rises 5%, India to source entire mobile phone needs locally, Funding Deals and more.
Good morning and welcome to Friday’s edition of Rise & Shine!
“Fight for the things that you care about. But do it in a way that will lead others to join you."
— Ruth Bader Ginsburg
Today, Ruth Bader Ginsburg’s inspiring words remind us that standing up for our beliefs is essential, but the way we advocate for them can invite others to stand with us.
When we lead with empathy and respect, we make space for others to care and join us in our cause.
Tech Updates
Festive sales hit $6.5 billion in a week on e-commerce street: report
Online marketplaces sold goods worth $6.5 billion, or almost Rs 55,000 crore, in one week of festive sales, marking a 26% increase from last year, with mobile phones, electronics, consumer durables, home and general merchandise accounting for three-fourths of the total sales.
India to help ASEAN nations explore linking payment systems
India will share its knowledge and experiences in using digital public infrastructure (DPI) such as Aadhaar and Unified Payments Interface with the ASEAN nations and explore collaboration to address diverse challenges in education, healthcare, agriculture and climate change, a joint statement said on Thursday.
TCS Q2 profit rises 5% YoY to Rs 11,909 crore
India's leading software exporter, Tata Consultancy Services (TCS), reported a 5% growth in its consolidated net profit to Rs 11,909 crore for the second quarter ended September 2024, from Rs 11,342 crore in the year-ago period.
India set to source entire mobile phone needs locally as Apple, Google ramp up production
India is likely to start sourcing its entire mobile phone needs locally by the end of this fiscal year, with Apple starting manufacturing of iPhone Pro and Pro Max models last week and Alphabet’s Google producing its Pixel handsets in the country. South Korea’s Samsung is already producing all its devices in India.
Funding Deals
Content-to-commerce firm Good Glamm group has completed the acquisition of feminine hygiene brand Sirona for Rs 450 crore in an all-cash deal.
AI-driven robotics startup Haber Nets (Elixa Technologies Pvt Ltd) secured $38 million in a new funding round led by Creaegis, along with participating investors Acceland BEENEXT Capital.
Millenium Babycares, a direct-to-consumer brand, has successfully raised Rs 122 crore (approximately $14.5 million) in a funding round led by Bharat Value Fund, managed by Pantomath Capital.
Economy Process Solutions, a company specializing in vacuum and process solutions, has raised Rs 100 crore ($12 million) in a Series A funding round led by Stakeboat Capital Fund II.
Datazip, a Bengaluru-based data engineering startup, has raised $1 million in a seed funding round, with Equirus InnovateX Fund contributing Rs 6 crore.
Onlygood.ai, a platform focused on simplifying carbon management and sustainability reporting, has raised Rs 4 crore (about $500,000) in seed funding. The round was co-led by IIT Madras Incubation Cell (IITMIC), Goel Group, and Daimler India Commercial Vehicles (DICV), which has secured a 1.5% equity stake at a set valuation.
🏘 Short Story: The Inclusive Activist
Sam, a passionate environmentalist, was frustrated by the lack of urgency around climate change in his community.
Initially, he tried to make his point by strongly criticizing those who disagreed. But this approach only isolated people and created resistance.
Inspired by Ginsburg’s words, Sam shifted his approach, inviting others to small educational gatherings and encouraging open discussions. He shared why he cared so deeply about the environment without judgment, inspiring others to listen, learn, and take action.
Soon, his community became a more united force for environmental change, thanks to Sam’s inclusive way of advocating.
Tweet of the day🐥
As you finish your week, consider how you can champion your beliefs in ways that draw others in. By leading with respect and empathy, you encourage people to care and make a difference alongside you.
Rise & Shine is here to remind you that real change happens when we inspire others to join our journey.
Have a motivating and impactful Friday!
Thanks for reading till the end!