Business
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Over $100 million in funding raised by 21 Indian startups this week
New Delhi: The Indian startups continued to raise funds at a normal pace, and this week, as many as 21 startups secured nearly $105 million in the country. This included six growth-stage…
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X bans over 2 lakh accounts for policy violations in India in March
New Delhi: Elon Musk-run X Corp banned a record 2,12,627 accounts in India between February 26 and March 25, mostly for promoting child sexual exploitation and non-consensual nudity. The micro-blogging platform also…
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TCS sees net headcount drop for first time in 2 decades
New Delhi: Tata Consultancy Services (TCS) on Friday revealed that its headcount dropped by 13,249 employees (year-on-year) during the financial year 2023-24 (FY24). This is the first time in 19 years that…
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TRAI unveils recommendations to boost live testing of innovative tech like 6G, AI
New Delhi: In view of rapid developments in emerging technologies like 5G/6G, AI, virtual reality and others, the Telecom Regulatory Authority of India (TRAI) on Friday released recommendations to encourage live testing…
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Forex kitty jumps USD 2.98 bn to new high of USD 648.562 bn
Mumbai: India’s forex reserves jumped by USD 2.98 billion to a fresh peak of USD 648.562 billion for the week ended April 5, the RBI said on Friday. In the previous reporting…
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Kakao 1st S. Korean firm to join global open-source AI Alliance
Seoul: Internet company Kakao said on Friday it has joined a global consortium that promotes open-source artificial intelligence (AI) research and development, becoming the first South Korean corporate member of the initiative.…
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India’s fintech sector logs robust 59 pc growth in Q1 2024
New Delhi: India secured the third position globally in terms of funding raised for the fintech sector in the first quarter (Q1) of this year, a report showed on Friday. Total funding…
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Markets decline in early trade after record-breaking rally
Mumbai: Equity benchmark indices declined in early trade on Friday after a record-breaking rally in the previous trade as investors went in for profit-taking amid weak trends from Asian markets. The hotter-than-expected…
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Rupee falls 7 paise to 83.38 against US dollar in early trade
Mumbai: The rupee depreciated 7 paise to 83.38 against the US dollar in early trade on Friday, weighed down by a negative trend in domestic equities and elevated crude oil prices. Forex…
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Will Musk announce affordable Starlink internet service during India visit?
New Delhi: Starlink, an affordable satellite-based internet service offered by Elon Musk-run aerospace company SpaceX, has transformed the way people access the web in remote and inaccessible parts of the world. Will…
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Indian software firm Zoho builds power tools to create more rural jobs: CEO
New Delhi: Sridhar Vembu, Founder and CEO of leading Cloud software provider Zoho, said on Wednesday that they have created first-of-its-kind power tools that are ready for commercial production. Called ‘Karuvi’ (the…
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Indian AI startup Neysa raises $20 mn to boost GenAI adoption
Mumbai: AI cloud and platform-as-a-service (PaaS) startup Neysa on Wednesday said it has raised $20 million (nearly Rs 166 crore) led by Matrix Partners India, Nexus Venture Partners and NTTVC investment firms.…
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Cornerstone Ventures to invest $200 million in emerging B2B enterprise tech firms
New Delhi: Leading venture capital firm Cornerstone Ventures on Wednesday announced a $200 million fund for emerging B2B enterprise tech opportunities across software platforms and marketplaces. With its second fund, Mumbai-based Cornerstone…