Funding rounds, launches, acquisitions and market moves — summarised by our AI from
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Indian startups have hit the jackpot, raising a whopping $260.1 Mn in just one week. Fintech stole the show, raking in $74.8 Mn across 5 deals. Seed funding saw a 17% increase to $26.2 Mn, showing a promising trend in the startup…
Zomato, the food delivery giant, has been hit with a hefty Rs 11.82 crore GST tax demand notice. The tax order includes a demand of Rs 5.9 crore and a penalty of Rs 5.9 crore, covering the period from July 2017 to March 2021. Despite this…
Anvilogic, a trailblazer in the security industry, recently secured a whopping $45 million in Series C funding, led by Evolution Equity Partners. This funding brings their total investment to $85 million since their inception in 2019…
AgentSmyth, a cutting-edge company co-founded in New York, has secured $2.5 million in seed funding to propel its AI-driven financial analysis tools. The company's founders, Pulkit Jaiswal, Daniel McCooey, and Mike Block, bring a wealth of…
Micron Technology, a memory chip maker, is on the brink of receiving a whopping $6 billion in grants from the U.S. Commerce Department to fuel its domestic chip factory projects. This move comes as part of a larger initiative by the Biden…
Senior citizens are becoming a significant source of stable deposits for banks, with their total deposits increasing by 150% to ₹34 lakh crore in just 5 years. The appeal of higher interest rates and enhanced deposit insurance coverage has…
In today's financial landscape, depositing a large sum of cash into your bank account can trigger unwanted attention from the tax authorities. The recent surge in cash deposits exceeding Rs 10 lakh has caught the eye of the Income Tax…
In a swift move, Paytm has begun migrating its users to new bank handles following the approval from NPCI. Axis Bank, SBI, HDFC Bank, and YES Bank are now on board, making the transition process smoother for Paytm. The shift to these PSP…
The Finance Ministry is ramping up efforts to tackle financial fraud by advocating for stricter Know Your Customer (KYC) procedures and thorough due diligence for merchants and banking correspondents. This move aims to protect customers…
India's economy is on the brink of reclaiming its fourth spot in the global market rankings, showcasing a remarkable resurgence that has caught the attention of investors worldwide. With a combination of strategic reforms, technological…
Banks are facing a squeeze on margins in Q4 FY24, with profitability expected to moderate to around 10% year-on-year. The culprit? Muted net interest income growth and shrinking margins. Analysts predict a 3-12 basis points shrinkage in…
Google Wallet is finally making its debut in India, after a long wait. The app, which offers features like loyalty card storage and easy purchases, is set to cater to the needs of Indian users. However, Google has confirmed that it will…
Microsoft's recent announcement of a $1.5 billion investment in G42, a leading AI company in the UAE, marks a significant step towards co-innovation and cutting-edge AI solutions in the Middle East, Central Asia, and Africa. This strategic…
Apple has complied with a government order in China to remove WhatsApp, Telegram, and Signal from its App Store due to national security concerns. The move follows a directive from the Cyberspace Administration of China to ban unregistered…
LG Electronics showcases cutting-edge built-in appliances with advanced AI technologies and sleek designs at MDW 2024, strengthening its presence in the European market. LG Electronics is making waves at Milan Design Week 2024 with its…
Apple's iPhone shipments have taken a hit, declining by 10% in the first quarter of the year. This drop comes as AI technology continues to put pressure on the tech giant, and Android rivals make a strong comeback in the market. In a world…
In a world driven by technology, the right gadgets can enhance our daily routines and transform the way we live, work, and play. From smartphones to fitness trackers, smartwatches, wireless earbuds, and more, these cutting-edge devices are…
In the fast-paced world we live in, technology reigns supreme, shaping our daily routines and enhancing our lives in ways we never thought possible. From smartphones to smart home devices, the right tech gadgets have the power to…
In the fast-paced world we live in, technology is the driving force behind our daily routines. From smartphones to fitness trackers, smartwatches, and wireless earbuds, the right tech gadgets can enhance our lives in ways we never…
Langdock, a Berlin-based startup, secures $3 million in funding to bridge the gap between companies and Large Language Models (LLMs). With a chat interface that allows companies to easily select and utilize different LLMs without being…
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