Startup News India: 7th Feb 2025
India to develop our own GPUs in 3-5 years
In the next 3 to 5 years, India aims to make its own graphics processing units (GPUs). It is the goal of the government to lessen dependence on foreign technology and enhance self-sufficiency in the tech sector. It forms a move around India’s efforts to bolster its rank in the global semiconductor landscape. Experts say this move will enable the country to better meet the growing demands for advanced computing in such sectors as AI, gaming and data centers. The drive is a sign of India’s ambition to become a major player in advanced technology.
India’s digital ad spends to reach ₹70,000 cr by 2026
Digital ad spend in India is going to grow fast and hit ₹70,000 crore by 2026. With more and more people getting online and the shift of the businesses to the web, this growth is not surprising. Businesses are investing more in digital ads to reach customers who shop and spend time online. This trend is driven by the rise of social media, video streaming and e-commerce platforms. This shift reflects how India’s advertising world is adjusting to the digital landscape and becoming a serious player on the global stage, experts said.
Read More: Startup News India: 5th Feb 2025: Zepto, Mobikwik, OYO, OLA & Salesforce Layoff
Probo profit 25X to Rs 92 cr in FY24
The company’s, Probo’s, profits grew a whopping 25-fold to Rs 92 crore in 2023-24. This is a significant increase from the previous year. The company succeeded in parts, however, growing earnings significantly. This is indicative of superior business and operational plans. Probo: One year a good exit – the next an even better profit upgrade
Astroyogi post Rs 31,000 profit in FY24
Astroyogi: The popular astrology platform which also reported a profit of about Rs 31,000 for FY24 These results are encouraging for the company and show growth following some difficult years. Services Such As Astrology: The platform has a rising rate of user engagement and demand of their online services. Such a profit is indicative of its ability to pivot and flourish in a competitive environment. As it connects people with astrological guidance, the news brings hope and excitement for the company’s future.
Read More: Investor Preferences After 2024: Key Shifts & Trends
ONDC postpone it’s service charges till April 1
ONDC will defer service charges until April 1 This means sellers and buyers on the platform won’t face additional fees for the time being. This will give users more time to familiarize themselves with the platform — and expand on the platform — without incurring additional costs. ONDC hopes this will boost the number of users of its services. Many have praised the decision, which relieves financial burden and promotes small businesses. This increases the potential for all parties involved to be better prepared, as the charges will now be applied starting April 1.
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