Quant Mutual Fund, one of India’s most rapidly expanding asset managers, is now under investigation by the SEBI on allegations of front-running. A practice known as “front-running,” in which a smaller customer uses insider knowledge to make arrangements before a bigger client does, is illegal. According to the Economic Times, searches and seizures have been…
India Introduces Meta AI: Improving User Experience on All Platforms Facebook’s parent company, Meta, has released Meta AI, an artificial intelligence chatbot, in the Indian market. This debut, which comes soon after Google launched its AI chatbot, Gemini, in India, comes after extensive testing. Users may now enjoy an intelligent and seamless assistant with Meta…
Hailed for its inventive merchant solutions, Pine Labs is a pioneer in the fintech industry. It is getting ready to make a big splash in the Indian financial markets, hoping to raise $1 billion through a hefty IPO. With the assistance of significant investors like Mastercard Inc. and Peak XV Partners, Pine Labs expects to…
Unexpectedly, Apple Inc. has stated that it will be releasing Apple Intelligence—a new line of artificial intelligence features—behind schedule in the EU. Two more eagerly awaited features, iPhone Mirroring and SharePlay Screen Sharing, will now be delayed until at least 2025 as a result of this decision, which was made public today. Innovation and Regulation…
In a recent fundraising round, Zepto, a startup that specialized in lightning-fast deliveries, successfully raised $665 million. This is a significant advancement for India’s fast-commerce sector. Zepto’s valuation has increased to an astounding $3.6 billion, more than doubling, thanks to its most recent fundraising round. Zepto will be able to continue its rapid expansion and…
Ola Electric Mobility Ltd., India’s premier electric scooter manufacturer, is hitting a roadblock as it gears up for its much-anticipated initial public offering (IPO). Investors are pushing back against the company’s ambitious valuation target. Founder Bhavish Aggarwal has been eyeing a valuation of up to $7 billion for the Mumbai listing. However, initial feedback suggests…
In a stark reminder of the volatility within the start-up ecosystem, Bengaluru-based ReshaMandi, a promising B2B marketplace for the textiles and fashion industry, has laid off 80% of its workforce following a failed attempt to secure Series B funding. This drastic reduction highlights the severe financial strain the company faces. Financial Struggles and Layoffs The…
June 21, 2024, New Delhi The well-known food delivery service Zomato has unveiled a cutting-edge feature that lets users see how many orders are currently in progress throughout India. Deepinder Goyal, the CEO of Zomato, revealed this new real-time order counter in a post on X (formerly Twitter). As soon as a user completes their…
June 21st, Mumbai: Users were unable to make orders during a vital market session on Friday due to Zerodha, India’s famous online trading site, experiencing yet another technical setback. Domestic benchmark indexes reached new highs on June 3 following exit polls projecting a third term for PM Modi’s government, and this episode comes only weeks…
New Delhi, June 20 According to a recent United Nations Conference on Trade and Development (UNCTAD) study, India’s foreign direct investment (FDI) inflows fell sharply by 43% to $28 billion in 2023. As a result of this significant reduction, India fell from eighth place in 2022 to fifteenth place in worldwide FDI rankings. Despite the…
