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Over 50,000 Left Jobless By Delhi Govt’s Aggregator Policy: Bike Taxi Union
More than 50,000 bike taxi drivers have been rendered jobless in the national capital on account of Delhi government’s proposed aggregator policy, as per a bike taxi union. In an open letter addressed...
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Paytm Deploys More Than 10,000 Devices To Digitise Payments At Gram Panchayats
Fintech juggernaut Paytm on Monday (November 27) said it has deployed more than 10,000 payment devices, including soundboxes, QR codes and card machines, at gram panchayats across the country. The move...
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iPhone Maker Foxconn To Invest An Additional $1.6 Bn In India
iPhone maker Foxconn’s Indian arm, Foxconn Hon Hai Technology India Mega Development, has earmarked an investment of another $1.6 Bn (INR 12,820 Cr) to fuel its construction projects in the country....
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Games24x7 Partners Karnataka Govt To Launch Accelerator For Indian Gaming...
Gaming unicorn Games24x7 on Friday (December 1) announced a partnership with the Karnataka government to launch an online gaming accelerator initiative. Called ‘GameTech Accelerate – The Future of...
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Deepfakes Averse To Our Interests: YouTube India Head
As the Indian government cracks the whip on social media platforms, senior YouTube executives have dubbed deepfakes as being antithetical to the video-streaming giant’s interests. Reacting publicly to...
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BYJU’S Convenes AGM On Dec 20 To Approve Audited Financial Statements For FY22
Troubled edtech giant BYJU’s, which is fighting fires on multiple fronts, has convened an annual general meeting (AGM) to discuss a host of issues, including seeking approval for its much delayed...
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Indian Online Gaming Startups Bat For Government Oversight To Regulate Sector
Online gaming firms have reportedly proposed government oversight to regulate the burgeoning sector, which is in a state of flux currently. Dream11 cofounder and chief executive (CEO) Harsh Jain and...
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Scimplifi Secures $3.6 Mn From 3one4 Capital & BeeNEXT To Streamline...
B2B speciality chemical procurement and production platform Scimplifi has raised $3.67 Mn from institutional investors 3one4 Capital and BeeNEXT. The round also saw participation from some angel...
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Venture Catalysts Partially Exits Insurance Samadhan With 3.65X Returns
Early-stage investment firm Venture Catalysts (VCats) on Thursday (December 7) announced a partial exit from insurtech startup Insurance Samadhan with 3.65X returns on its initial investment. As per...
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SoftBank Offloads 1.06% Stake In Zomato For INR 1,127 Cr
Japanese tech investor SoftBank on Friday (December 8) offloaded 9.35 Cr shares of foodtech giant Zomato in an INR 1,127 Cr block deal. SVF Growth (Singapore) dumped 1.06% stake in the company at INR...
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RBI To Formulate Regulatory Framework To Oversee Loan Aggregators
Reserve Bank of India (RBI) governor Shaktikanta Das said the central bank will formulate a framework to regulate loan aggregators in the country. Following the meeting of the monetary policy...
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Lightrock India Partner CFO Kushal Agrawal To Quit PE Firm
Lightrock India’s partner and chief financial officer (CFO) Kushal Agrawal has announced plans to quit the private equity (PE) firm. He will step down from the company on December 31. Agrawal confirmed...
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India Partners US To Launch $390 Mn Financing Mechanism To Deploy 50K Ebuses...
India has partnered the US government and American philanthropic groups, as part of a $390 Mn joint financing mechanism, to deploy more than 50,000 electric buses on the country’s roads by 2027....
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Indifi Ropes In Ex-Axis Bank Prez Sangram Singh As Its New CEO
Lending tech startup Indifi on Monday (December 11) announced the appointment of the former Axis Bank president, Sangram Singh, as its new CEO. As part of his new role, Singh will oversee the growth of...
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PM Modi Announces New AI Mission To Boost Agriculture, Healthcare & Education
Prime Minister Narendra Modi on Tuesday (December 12) announced the launch of a new artificial intelligence (AI) mission to promote related applications in agriculture, healthcare and education...
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CaratLane’s Mithun Sacheti Joins Singularity Growth As Co-Sponsor, General...
Fresh off his exit from CaratLane, Mithun Sacheti has now joined investment firm Singularity Growth as co-sponsor and general partner. In his new role, Sacheti will actively participate in the...
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Blow To Tesla? Govt Says Not Considering Tax Cuts Or Exemptions For EV Imports
Amid reports of a thaw in relations between the Indian government and Elon Musk-led automaker Tesla, the Centre on Wednesday (December 13) told the Parliament that there is no proposal to cut taxes on...
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Homegrown Gaming Studio Octro Acquires Israel-Based DGN Games To Expand...
Indian mobile gaming company Octro on Thursday (December 14) announced the acquisition of Israel-based DGN Games for an undisclosed amount. The acquisition will enable Octro to expand presence in key...
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Another Casualty Of 28% GST? MPL-Backed Striker To Shut Operations
Mobile Premier League (MPL)-backed Web3 fantasy gaming platform Striker has reportedly become the latest casualty of the GST Council’s decision to levy 28% GST on the online gaming sector. The gaming...
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Viacom18 Vs FairPlay: Betting Platform Operator Arrested For Unlawfully...
The cyber crime unit of the Maharashtra Police has arrested a key figure behind the betting platform FairPlay India for allegedly infringing the IPL-related intellectual property rights (IPRs) of...
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