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BYJU'S Slashes Product Prices, Revamps Sales Model

India, May 8 -- 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 Stand... Read More


Ahead Of IPO, TBO Tek Raises INR 696 Cr From 47 Anchor Investors

India, May 8 -- 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... Read More


Myelin Foundry Looks To Capitalise On Edge AI Boom With SIDBI Backing

India, May 8 -- 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, an... Read More


India-Centric Open Cloud Compute Network Brings Together Tech Giants, AI Startups

India, May 7 -- 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. ... Read More


India To Link UPI To Ghana's Interbank System In Six Months

India, May 7 -- 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 ... Read More


Pine Labs-Owned Setu Partners SarvamAI To Build LLM For Financial Services

India, May 7 -- 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) se... Read More


Murugappa Group's EV Arm TI Clean Mobility To Raise INR 580 Cr To Build EV Tractors, HCVs

India, May 6 -- 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 com... Read More


ECI Directs Political Parties To Remove Fake Content From Social Media Within 3 Hours

India, May 6 -- 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 p... Read More


RBI Working On Offline CBDCs To Boost Retail Volumes: Governor Das

India, May 6 -- 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 fe... Read More


Paytm Expands ESOP Pool With Additional 87K Stock Options

India, May 4 -- 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 remunerat... Read More