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Prosus Acquires Over 5% Stake In ixigo; Peak XV, Elevation Capital Offload Shares

India, Oct. 15 -- Global investor Prosus acquired 1.3 Cr shares, or a 3.16% stake, of ixigo via an off-market secondary acquisition from Peak XV Partners on October 10. In an exchange filing on Octob... Read More


Google To Invest $15 Bn To Build Its AI Hub In Visakhapatnam

India, Oct. 14 -- Tech giant Google plans on investing a total of $15 Bn (around INR 1.3 Lakh Cr) in Visakhapatnam over the next five years to build its first Indian AI data centre hub. Google Cloud'... Read More


Google To Invest $15 Bn To Build Its Largest AI Hub In Visakhapatnam

India, Oct. 14 -- Tech giant Google plans on investing a total of $15 Bn (around INR 1.3 Lakh Cr) in Visakhapatnam in the next five years to build an AI data centre hub. Google Cloud's CEO Thomas Kur... Read More


smallest.ai Raises $8 Mn To Build Enterprise-Grade Voice AI

India, Oct. 13 -- AI startup smallest.ai has raised $8 Mn (around INR 70.9 Cr) in its seed funding round led by Sierra Ventures. The round also saw participation from 3one4 Capital, Better Capital, Up... Read More


Singapore HC Approves WazirX's Restructuring Plan After $234 Mn Hack

India, Oct. 13 -- Zettai Pte Ltd, the parent entity of cryptocurrency startup WazirX, announced that the Singapore High Court has sanctioned its creditor-approved restructuring scheme with modificatio... Read More


Foxconn Commits INR 15,000 Cr To Bolster Tamil Nadu Operations

India, Oct. 13 -- Amid Apple's India manufacturing push, its contract manufacturer Foxconn has committed INR 15,000 Cr (about $1.8 Bn) to enhance its operations in the state of Tamil Nadu. Tamil Nadu... Read More


Microsoft Undertakes Governance Overhaul Post Nayara Debacle

India, Oct. 11 -- Big tech giant Microsoft has said that it will "advocate" for the withdrawal of any foreign government orders, mandating its service suspension, through legal channels. In a blog po... Read More


Sify Technologies To Connect India To Meta's Waterworth Project

India, Oct. 10 -- Tech major Meta has reportedly onboarded Sify Technologies as its landing partner for its multi-billion dollar under-sea cable project, Waterworth, in India. Sources told ET that the... Read More


IPO-Bound OYO Parent Rejigs Top Deck To Steer Global Business

India, Oct. 10 -- OYO parent PRISM has made significant changes in its top deck in the run up to filing for its much awaited initial public offering (IPO). In this, ex-OYO Vacation Homes' CEO Ankit T... Read More


Meet The 3 Indian Startups Picked Up For Amazon's GenAI Accelerator

India, Oct. 8 -- Amazon has selected three Indian-origin GenAI startups in the third cohort of its AWS Generative AI Accelerator (GAIA). These Indian startups, namely Hyperbots, Smallest AI, and Stimu... Read More