Tata seals the deal with Tesla🤝🏻
Jio-BlackRock JV, Microsoft to invest $1.5 Bn in AI startup, Apple in talks for assembly of camera modules, Funding Deals and more.
Greetings, Champions of Resilience and Fortitude!
"I've made it a principle not to be over-influenced by minor disappointments."
- Marianne Moore
As we navigate life's unpredictable terrain, let us embrace a mindset of resilience, refusing to be swayed by the fleeting setbacks that pepper our paths.
Join us as we cultivate an unwavering spirit, fortified by the resolve to overcome life's challenges and emerge stronger than before.
Tech Updates
Tata Electronics seals semicon deal with Tesla
Tesla is understood to have signed a strategic deal with Tata Electronics to procure semiconductor chips for its worldwide operations. The deal underscores the electric carmaker’s increasing interest in India beyond local revenue generation.
Jio-BlackRock JV to enter wealth management, stock broking biz
Jio Financial Services and US-based BlackRock have formed a joint venture to launch wealth management and broking businesses in India.
In an exchange filing on Monday, Reliance’s Jio said that it has signed a 50:50 joint venture for the purpose of undertaking the two business ventures.
Microsoft to invest $1.5 billion in Emirati AI firm G42
Microsoft plans to invest $1.5 billion in G42, an artificial intelligence firm in the United Arab Emirates. G42 had divested its investments in China and began the lengthy task of pulling out Chinese hardware amid U.S. concerns over its relationship with Chinese businesses.
Apple in talks with Murugappa, Titan for assembly of camera modules
Apple is in advanced discussions with Chennai-headquartered Murugappa Group and Tata Group’s Titan Company to assemble and possibly manufacture sub-components for the camera modules used in iPhones. Apple currently does not have Indian suppliers for the camera module embedded in its flagship phones, several models of which are now assembled in India.
Funding Deals
B2B procurement marketplace ProcMart has raised $30 million in a Series B funding round led by Fundamentum and Edelweiss Discovery Fund. The round also saw participation from South Korea-based Paramark Ventures.
Bengaluru-based aerospace components manufacturer JJG Aero has raised $12 million (approximately Rs 100 crore) from CX Partners.
ClickPost, a logistics intelligence platform for online retailers, has raised $6 million in a funding round led by early-stage venture capital firms Inflexor Ventures partners and Athera Venture Partners. The round also saw participation from Riverwalk Holdings and its existing investor Rebright Partners.
RevOps startup Clientell has raised $2.5 million in its seed round led by Blume Ventures. The round also saw participation from Chiratae Ventures, Artha Venture Fund and Silicon Valley-based Z5 Capital.
Indian cricketer Mahendra Singh Dhoni has invested an undisclosed amount of capital in electric cycles maker EMotorad.
💪🏻 Short Story: Embracing Resilience
In the bustling city streets, amidst the hustle and bustle of daily life, stood a figure named Alex, whose unwavering resolve inspired those around him.
Guided by Marianne Moore's wisdom, Alex faced each disappointment with unwavering determination, refusing to let minor setbacks overshadow his journey.
Through his resilience, Alex transformed obstacles into opportunities, emerging victorious in the face of adversity.
Tweet of the day🐥
As we navigate the ebb and flow of life's uncertainties, may we draw strength from within, resilient in our pursuit of purpose and fulfillment.
Thank you for joining us on this voyage of resilience and fortitude.
Stay tuned for our next edition as we continue to illuminate the path towards growth and self-discovery.
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