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Murugappa Group’s EV Arm TI Clean Mobility To Raise INR 580 Cr To Build EV...
Indian conglomerate Murugappa Group’s electric vehicle (EV) arm, TI Clean Mobility (TICMPL), has signed a definitive agreement to raise INR 580 Cr ($69.4 Mn) in a mix of equity and compulsorily...
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India To Link UPI To Ghana’s Interbank System In Six Months
India and Ghana have agreed to “expeditiously” operationalise the homegrown unified payments interface (UPI) on Ghana interbank payment and settlement systems (GHIPSS) in the next six months. The...
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Pine Labs-Owned Setu Partners SarvamAI To Build LLM For Financial Services
Pine Labs-owned Setu on Tuesday (May 7) claims to have launched India’s first large language model (LLM) specifically designed for the banking and financial services industry (BFSI) sector. Called...
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India-Centric Open Cloud Compute Network Brings Together Tech Giants, AI...
Nandan Nilekani-backed non-profit people+ai has reportedly brought together a consortium of 24 global tech companies and organisations as part of an open cloud compute (OCC) project. Under the OCC...
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Ahead Of IPO, TBO Tek Raises INR 696 Cr From 47 Anchor Investors
Ahead of its public issue, B2B travel portal Travel Boutique Online or TBO Tek has raised INR 696.5 Cr from 47 anchor investors. The startup, whose public issue will open on May 8, has allocated 45.7...
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Myelin Foundry Looks To Capitalise On Edge AI Boom With SIDBI Backing
Bengaluru-based deeptech startup Myelin Foundry has raised $4 Mn in an equity round led by SIDBI Venture Capital. Existing investors like Endiya Partners, Pratithi Investment Trust, and Subh Labh. The...
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BYJU’S Slashes Product Prices, Revamps Sales Model
Amid the ongoing churn at BYJU’S, the troubled edtech major has reportedly “significantly” slashed the prices of its products and revamped its sales model. Sources told Business Standard that the...
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FrontRow Cofounder Ishan Preet Singh Rejoins Lightspeed India As Investor
Beleaguered edtech startup FrontRow’s cofounder Ishaan Preet Singh has rejoined venture capital (VC) firm Lightspeed India as an investor. Singh made the announcement in a LinkedIn post on Wednesday...
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RBI Guv Discusses Plans To Expand UPI Offerings, Address Challenges Faced By...
RBI Governor Shaktikanta Das, on Wednesday (May 8), held a meeting with major stakeholders of the unified payments interface (UPI) ecosystem to discuss strategies for expanding digital payment...
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Delhi HC Seeks Centre’s Response On A PIL Seeking Ban On Deepfake Apps
The Delhi High Court (HC) on Wednesday (May 8) reportedly sought responses from the Centre on a public interest litigation (PIL) that seeks directions to block public access to apps and softwares that...
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TBO Tek IPO: Public Issue Subscribed 4.15X On Day 2
B2B travel portal Travel Boutique Online or TBO Tek’s public issue was oversubscribed 4.15X on the second day on Thursday (May 9) on the back of strong interest from non-institutional and retail...
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NPCI Likely To Extend UPI Market Cap Deadline By Another Two Years
The National Payments Corporation of India (NPCI) has reportedly yet again decided to extend the timeline for the implementation of a 30% cap on the UPI market share of digital payments platforms....
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Quick Commerce Platforms To Deliver Gold & Silver Coins In 10 Minutes On...
As the nation celebrates Akshaya Tritiya, quick commerce platforms are latching on to the occasion to offer gold and silver coins to users in “10 minutes”. Swiggy Instamart, Tata’s bigbasket, and...
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10+ Deeptech Startups Land Investor Attention At MSH Investor Connect...
Several deeptech startups from Tamil Nadu showcased their technologies and received investment interest at the MeitY Investor Connect Programme in Chennai. Apart from this, Meity Startup Hub (MSH)...
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MSH’s ‘Investor Connect Programme’ To Connect Over 10 Startups With Investors...
The next event as part of MeitY Startup Hub’s (MSH’s) nationwide series of ‘Investor Connect Programme’ will be held at Odisha’s KIIT-Technology Business Incubator (KIIT-TBI) on May 11. The event,...
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Months After Ban, Binance & Kucoin Get FIU Nod To Operate In India
Currently banned by the Indian government, crypto exchange Binance has reportedly received approval from the Financial Intelligence Unit (FIU) of the finance ministry to operate as a virtual asset...
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Govt Inks MoU With Mahindra Group To Skill 500 Women In Drone Operation
The union government has signed a memorandum of understanding (MoU) with Indian conglomerate Mahindra & Mahindra (M&M) to conduct two pilot projects under the Centre’s ambitious “Drone Didi”...
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Comply With Anti-Money Laundering Norms: FIU-IND Director To Crypto Platforms
Financial Intelligence Unit-India’s (FIU-IND) director Vivek Aggarwal has yet again called on all offshore and onshore crypto exchanges operating in the country to comply with anti-money laundering...
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Inc42 & Microsoft Team Up For The AI Connect: Building Ethical AI For A...
As discussions around ‘Responsible AI’ and ‘Ethical AI’ heat up, Inc42 has joined forces with the tech giant Microsoft to host ‘The AI Connect’ — an invite-only event in Delhi on May 15th. With The AI...
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Compliance With Consumer Review Norms To Be Made Mandatory For Ecommerce...
The union government plans to make it mandatory for ecommerce platforms to comply with quality consumer review norms to curb the problem of fake reviews. News agency PTI cited consumer affairs...
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