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Meesho Likely To Complete Reverse Flipping Process In Few Days: Report

India, June 12 -- Ecommerce major Meesho, which is set to file its IPO papers in a few weeks via the confidential route, will likely complete its redomiciling process from the US to India in a few day... Read More


[Update] Reports Of MDR On UPI Payments Above INR 3,000 Baseless: Govt

India, June 12 -- Update | June 12, 12:06 AM Hours after it was reported that the Centre is mulling levying MDR on UPI transactions above INR 3,000, the finance ministry termed the report speculative... Read More


Govt Plans Levying MDR On UPI Transactions Over INR 3,000: Report

India, June 11 -- In an effort to boost operations of banks and payment service providers across India,the government is reportedly considering levying a merchant discount rate (MDR) on unified paymen... Read More


[Update] ChatGPT Restored After 16-Hour Outage

India, June 11 -- Update | June 11, 1:05 PM After being non-functional for more than 16 hours, OpenAI's ChatGPT is now up and running. In a status report, OpenAI said around 4:00 AM today nearly all ... Read More


ChatGPT Users Face Widespread Outage Globally, Including India

India, June 10 -- Open AI's GenAI chatbot ChatGPT is down for thousands of users across the globe, including India. Users across the world reported about the disruption somewhere around 12 PM. Accord... Read More


BYJU'S-Owned US Firms Sold At Knockdown Prices

India, June 10 -- Two edtech firms bought by BYJU'S during its US stint were reportedly sold off by the group of lenders who had sued it for a repayment of $1.2 Bn term loan B (TLB). In a bid to sett... Read More


Shein, Reliance Plan Sale Of India-Made Clothes Globally Within Year: Report

India, June 9 -- Shein and its partner Reliance Retail are reportedly planning to expand their Indian manufacturing network and start overseas sales of India-made Shein-branded clothes within six to 1... Read More


India To Build Its Own 2nm GPU By 2030 To Rival NVIDIA

India, June 9 -- In an effort to reduce its dependence on US-based chip makers for core AI technology, the Centre is reportedly planning to develop its own 2 nanometre (nm) graphics processing unit (G... Read More


HealthKois Launches $300 Mn Fund For Early Stage Startups

India, June 6 -- Healthcare-focussed HealthKois has launched a $300 Mn (about INR 2,500 Cr) fund to back early and growth-stage startups, with an additional green-shoe option of $100 Mn (about INR 860... Read More


HealthKois Launches $300 Mn Fund For Growth Stage Startups

India, June 6 -- Healthcare-focussed HealthKois has launched a $300 Mn (about INR 2,500 Cr) fund to back early and growth-stage startups, with an additional green-shoe option of $100 Mn (about INR 860... Read More