TECHNOLOGY
Astrotalk set to raise $30 million in fresh round from StepStone, Elev8 Venture Partners
Noida-based Astrotalk has scaled profitably and seen strong traction from users, which explains the continued VC interest and the back-to-back funding rounds.
BUSINESS
MC Exclusive: Navi open to external investment for acquisitions, cash cushion for uncertain times: Sachin Bansal
Bansal says Navi is preparing for an IPO in 24 months. The previous attempt was abandoned due to market volatility arising due to macro conditions
TECHNOLOGY
AWS cuts several hundred jobs in sales and marketing teams globally
The email was sent out to the employees by Matt Garman, SVP, Sales & Marketing at AWS, Amazon Inc’s cloud division.
BUSINESS
GenAI improving high-technology access for more people and companies: Flipkart and Navi founder Sachin Bansal
While anyone could use AI models and get decent results, Bansal feels that only technology experts could get excellent results out of the LLM models
BUSINESS
Premium for good governance will be very high, many took it for granted: Sachin Bansal
According to Bansal, governance has to be put in place deliberately and should not be just because you happen to work with founders who are doing the right thing themselves. He added that it should not taken for granted
BUSINESS
Parked banking dreams for now; focus is on stabilising lending business: Navi founder Sachin Bansal
In a freewheeling interview with Moneycontrol, the Flipkart founder said the recent actions by the RBI on fintechs is a sign that the ecosystem is maturing, with the regulator’s understanding becoming deeper.
TECHNOLOGY
Tiger Global, SoftBank set to end funding winter with $300 million round in Meesho
Meesho is in the process of flipping its base back to India from Delaware and a bulk of the fresh capital will be used to pay the relevant taxes ahead of a planned IPO, according to sources.
TECHNOLOGY
Binny Bansal invests an additional Rs 200 crore in Curefoods taking the round size to Rs 500 crore
The firm will likely use the funds for offline expansion of its brands Nomad Pizza and Sharief Bhai Biryani.
TECHNOLOGY
Cannot let AI models be brought into public domain without proper testing: Ashwini Vaishnaw
Union Minister Vaishnaw said PM Modi’s third term will see manufacturing as a major economic activity.
TECHNOLOGY
Google and Indian companies meeting regularly, aim to resolve app billing dispute soon: Ashwini Vaishnaw
The Union minister said that the startup ecosystem has to be "protected" and supported for adding value to the society, at a time when Big Tech companies and Indian companies have often locked horns over various issues
BUSINESS
Next version of India's semiconductor scheme to focus on chip design: Ashwini Vaishnaw
Union Minister says semiconductor programme to be expanded and the government will support fab equipment manufacturers and suppliers of chemicals and gases to chipmakers
TECHNOLOGY
Nvidia committed to supporting IndiaAI Mission, says Ashwini Vaishnaw
"We are in discussion with players like NVIDIA. They have committed to support our AI mission in a very big way, very major way," the union minister said.
BUSINESS
Govt taken all possible measures to support Vi, back fundraising plan: Ashwini Vaishnaw
The loss-making telco on March 5 invited its shareholders to participate in the extraordinary general meeting (EGM) on April 2 to approve the company’s Rs 20,000 crore equity fund-raising plan.
TECHNOLOGY
Family is happy, she richly deserves this nomination: Narayana Murthy reacts to Sudha Murty being elected to Rajya Sabha
Sudha Ji's contributions to diverse fields including social work, philanthropy and education have been immense and inspiring, Prime Minister Narendra Modi said.
TECHNOLOGY
CCI must act against anti-competitive behaviour: Info Edge's Sanjeev Bikhchandani amid Google app billing row
Google delisted five of Info Edge’s apps, including Naukri, 99acres and Shiksha, from the Play Store on March 1
TECHNOLOGY
Flipkart asks senior executives to work from office five days a week
Under the current arrangement, most of Flipkart's employees work from the office for three days and from home for two days each week.
BUSINESS
Despite RBI’s tightening of unsecured loan norms, Navi scaling up well, says Sachin Bansal
Navi Finserv’s third non-convertible debentures opens on February 26 with an issue size of Rs 600 crore. The fintech’s two previous NCDs had raised close to around Rs 1,000 crore
TECHNOLOGY
India is one of the toughest markets for Uber, says CEO Dara Khosrowshahi
Despite the challenges, Khosrowshahi said the company plans to expand its low-cost service segments, particularly two-wheeler and three-wheeler services in India.
TECHNOLOGY
Google created a terrible internet; we can create a win-win solution: Perplexity AI’s Aravind Srinivas
In an interview to Moneycontrol, Perplexity AI’s co-founder and CEO Aravind Srinivas speaks about his AI startup’s competitive advantage over Google, plans for India, business model and why the AI gold rush will continue.
BUSINESS
Perplexity AI has more than 1 million users in India, says co-founder Aravind Srinivas
Perplexity AI plans to collaborate with startups such as Sarvam AI that are developing India-specific LLMs in the future
TECHNOLOGY
Atal Setu, Coastal Road, Metro: Why Dream11's Harsh Jain believes Mumbai startup scene will take off
Navi Mumbai can be to Mumbai what Brooklyn and Queens are for New York, says Dream11 co-founder Harsh Jain
BUSINESS
HCLTech warns employees to report to office thrice a week or face disciplinary action
“Non-compliance... will be treated as unauthorised absence and call for disciplinary action in line with company policy,” the company said in the missive.
TECHNOLOGY
Efficiency engineering, cost reduction driving BFSI deals: HCLTech’s Srinivasan Seshadri
HCLTech posted 13% YoY growth in constant currency terms for financial services in Q3, while peers TCS and Infosys reported a YoY decline.
TECHNOLOGY
Insurance to Internet: Can Tata Digital’s new CEO Naveen Tahilyani fix Neu?
Tapping an insurance veteran to lead a company that operates in a fierce internet battleground may seem unconventional, but those familiar with Tahilyani see it as an inspired choice.
