Economic Times
Happy Wednesday! Paytm’s lending business has hit a roadblock as partner NBFCs have stopped issuing loans. This and more in today’s ETtech Morning
Srinivas Pallia, the new CEO of Wipro, sets ambitious goals to accelerate large deal momentum, strengthen client relationships, focus on industry-spec
Tech VC in funding talks with portfolio co Icertis, which is stitching up a $150m secondary round
Advertising-as-a-service to start in June-July; India Post in advanced stages of integration as logistics service provider
Shiprocket, an ecommerce logistics startup, expands revenue streams beyond shipping to include marketing, sourcing, payments, and lending services. Pr
Tata Digital undergoes significant senior management changes under CEO Naveen Tahilyani, impacting the team behind Tata Neu superapp. Several executiv
LTIMindtree aims to reach $10 billion revenue by 2030 through organic growth and acquisitions. Despite challenges in market conditions, the company fo
Aditya Birla Finance invoked loan guarantees from Paytm due to defaults. Partnership stress with other lenders. Paytm's lending business faces challen
Anirudh Ravichander and Yashraj Mukhate lead AI experimentation in music. Ad-film makers and marketers embrace AI for cost-effective content creation.
Funding led by Singapore's GIC and US-based Meritech Capital values startup at $750 million, up from $450 million in March 2022 when it last raised fu
Nandan Nilekani's People+ai introduces 'Adbhut India' and OCC project, emphasizing frugal AI innovation in India. The initiatives aim to leverage the
Pine Labs developed Sesame, a large language model for BFSI in India, with Setu and Sarvam AI. Sesame leverages financial data for credit underwriting
Indian AI startups introduced innovative AI models and products at Adbhut India. The event highlighted diverse applications, including large language
TikTok and ByteDance file lawsuit to block law forcing divestiture or ban, citing First Amendment violations. Concerns over Jan. 19 deadline and natio
Apple introduces M4 chip in iPad Pro for AI tasks, focusing on AI integration. New iPad Air models with M2 chip. Analysts highlight importance of neur
AMD, Oracle, and various technology providers collaborate to address the increasing compute requirements. The partnership aims to enhance the compute
Yellow.ai's Orchestrator LLM combines 15 AI models for enterprise tasks, enhancing customer conversations. It reduces operational costs, boosts agent
LTIMindtree and IBM launch a Generative AI Center of Excellence in India to develop AI solutions, combining data expertise and watsonx technology, to
Paytm’s market capitalisation is down to nearly $2.5 billion after a ninth straight session of declines on the BSE.
The company had recorded a loss of Rs 488 crore in the year-ago period. The consolidated revenue for the reporting quarter stood at Rs 3,438 crore, wh
