Weekly Business Updates: From Technicolor India Shutdown to India’s AI Strategy
A flurry of events is taking place in the Indian tech environment, from the startling collapse of Technicolor India to...
Weekly Startup Funding News: Indian startups raised $88 Mn; from FanTV to Hornet
February ended on a gloomy note for Indian startups as investor sentiment weakened due to global geopolitical tensions, disinterested foreign...
Technicolor India’s Sudden Shutdown: A Major Blow to 3,000+ Employees
In a shocking turn of events, Technicolor India, a leading visual effects (VFX) and animation studio, has announced the closure...
India Must Invest in AI Models & Talent to Stay Competitive: Aravind Srinivas
India’s artificial intelligence (AI) landscape is at a crossroads. While the government is ramping up efforts to develop large language...
India Starts Exporting Apple Components to China and Vietnam
By starting to export Apple product components, such AirPods and MacBook parts, to China and Vietnam, India has made significant...
Moglix Secures $12.3 Mn from Singapore Parent Amid Plans for India Domicile Shift and IPO
The parent firm of Moglix, a well-known business-to-business e-commerce site that specializes in industrial tools and equipment, has invested INR...
upGrad Unveils Rs 100 Cr AI Incubator to Boost India’s AI Startups
With the introduction of the upGrad AI Incubator, Mumbai-based edtech unicorn upGrad has made significant progress in developing India's artificial...
Wipro Pumps $200M into Wipro Ventures to Fuel AI, Cybersecurity, and Cloud Startups
Wipro Limited has announced a new $200 million investment into its strategic investment arm, Wipro Ventures, further solidifying its dedication...
Darwinbox in Talks to Raise $150 Mn, Nears $950 Mn Valuation
Darwinbox, an HR technology platform based in Hyderabad, is once again in the news since it is reportedly in negotiations...
Walmart-Backed PhonePe Gears Up for a $15 Bn IPO
The biggest digital payments company in India, PhonePe, is making significant progress toward its much awaited initial public offering (IPO).