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Peak XV-Backed Nintee Shuts Operations, To Return Remaining Capital To Investors
AI-powered digital health platform Nintee is shutting operations and will return the remaining capital to investors in the coming weeks. In a post on X, Nintee cofounder and CEO Paras Chopra cited...
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Meta’s Functioning Worse Than A Govt Department: Delhi HC
The Delhi High Court (HC) on Tuesday (April 30) reportedly pulled up Meta and said that the functioning of the social media giant is “worse than (that of) a government department”. As per news agency...
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French Digital Payments Major Worldline’s India Arm Gets Payment Aggregator...
French digital payments major Worldline’s India arm, Worldline ePayments India Pvt Ltd, has received the Reserve Bank of India’s (RBI’s) authorisation to operate as an online payment aggregator (PA)....
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Indian GenAI Startup Tracker: 60+ Startups Putting India On The Global AI Map
Before November 2022, OpenAI was a little-known startup in the US. However, that very month, the company unveiled a chatbot, ChatGPT, which in just two months crossed 100 Mn monthly active users,...
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Meet The 10 Startups That Gained Spotlight At The Mumbai Edition Of MSH...
The fourth event under the MeitY Startup Hub’s (MSH’s) nationwide ‘Investor Connect Programme’ series once again brought early stage startups and investors together on a single platform, this time in...
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RBI Bars Default Loss Guarantee Agreements In P2P Lending Space
As part of a new set of guidelines for digital lending, the Reserve Bank of India has stated that peer-to-peer (P2P) lending platforms cannot enter into default loss guarantee or DLG agreements with...
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Digantara Joins Indo-Australian Joint Mission To Manage Space Debris
Homegrown spacetech startup Digantara on Wednesday (May 1) said it has been selected for a joint India-Australia space mission to manage debris in space. Digantara will join a clutch of spacetech...
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PB Fintech Gets Board Approval To Acquire Stake In UAE-Based Insurance Broker
Insurtech major Policybazaar’s parent PB Fintech has received board approval to divest stakes in at least two subsidiaries and pick up shareholding in UAE-based insurance broker. In a filing with the...
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MSH Investor Connect Programme Reaches Chennai To Unlock Funding...
The MeitY Startup Hub (MSH), in partnership with Forge Innovation & Ventures, will host the fifth event as part of its nationwide series – ‘Investor Connect Programme’ at Forge Fast Accelerator at...
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UGRO To Acquire Lending Tech Startup MyShubhLife In A Cash & Equity Deal
Listed non-banking finance company (NBFC) UGRO Capital on Thursday (May 2) said it will acquire Bengaluru-based lending tech startup MyShubhLife in an equity and cash deal. In a statement, UGRO said...
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UGRO Capital To Raise INR 1,332 Cr Via CCDs & Warrants
UGRO Capital on Thursday (May 3) said its board has approved raising INR 1,332.66 Cr through compulsorily convertible debentures (CCDs) and warrants. In a statement, the listed non-banking finance...
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Google To Move Some ‘Core’ Unit Jobs To India From The US
Tech major Google reportedly plans to move “some” job roles from its ‘core’ teams in the US to India. As per internal documents reviewed by CNBC, the tech giant has fired at least 200 employees from...
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Fight Over ‘Pe’: SC Dismisses PhonePe’s Plea Against DigiPe Over Trademark...
The Supreme Court (SC) dismissed an appeal filed by fintech major PhonePe seeking to restrain DigiPe from using the ‘Pe’ trademark. “We are not inclined to entertain the Special Leave Petitions under...
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IN-SPACe Releases Guidelines For Implementation Of Indian Space Policy 2023
The Indian National Space Promotion and Authorisation Centre (IN-SPACe) on Friday (May 3) released the guidelines for the implementation of the Indian Space Policy 2023. The norms pertain to the rules...
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Leading A Public Company A Lot Harder Than Running A Private One: Zoho’s...
SaaS giant Zoho’s cofounder Sridhar Vembu believes that leading a public company is a “lot lot” harder than running a private company. In a post on X, he termed helming a listed company akin to being...
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Ventureast Offloads 22.2 Lakh Zaggle Shares Worth INR 67.26 Cr In Block Deal
Early-stage venture capital firm Ventureast offloaded 22.27 Lakh shares of fintech SaaS startup Zaggle in a block deal worth INR 67.26 Cr. As per the NSE data, Ventureast Proactive Fund LLC sold the...
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Paytm’s President & COO Bhavesh Gupta Resigns
Fintech major Paytm’s president and chief operating officer (COO) Bhavesh Gupta has stepped down from the company. Gupta cited personal reasons for tendering his resignation while Paytm attributed the...
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Paytm Expands ESOP Pool With Additional 87K Stock Options
Listed fintech major Paytm’s board on Saturday (May 4) approved the allotment of 87,373 stock options under its Employee Stock Option Plan (ESOP) 2019. “… The nomination and remuneration committee of...
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RBI Working On Offline CBDCs To Boost Retail Volumes: Governor Das
Reserve Bank of India (RBI) governor Shaktikanta Das on Monday (May 6) reiterated that the central bank was working on offline functionality for digital currencies. “One of the key features of cash is...
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ECI Directs Political Parties To Remove Fake Content From Social Media Within...
Amid the ongoing debate around deepfake-fuelled misinformation, the Election Commission of India (ECI) has directed political parties to remove “fake content” from their social media platforms within...
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