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Social Media Platform X Down Globally

India, March 10 -- Social media platform X has been hit by a global outage, with many users, including in India, unable to access posts. The platform is showing an error message, "Something went wron... Read More


Foxconn To Receive INR 6,970 Cr Incentives From Karnataka

India, March 7 -- Karnataka chief minister (CM) Siddaramaiah has said that iPhone manufacturer Foxconn will receive an incentive of INR 6,970 Cr under the state's Electronics System Design and Manufac... Read More


Phot.AI Bags $2.7 Mn To Help Brands Automate Creatives

India, March 6 -- AI-powered content creation platform Phot.AI has raised $2.7 Mn in its seed round led by Info Edge Ventures. The round also saw participation from Together Fund, AC Ventures, and ov... Read More


Prime Venture Partners Launches Fund V To Back Early Stage Startups

India, March 5 -- Venture capital (VC) firm Prime Venture Partners has announced its fifth fund with a corpus of $100 Mn to invest in early-stage Indian startups. In a statement, the investment firm ... Read More


M2P Fintech's FY24 Loss Stagnant At INR 133 Cr

India, March 4 -- After seeing a 3X year-on-year (YoY) jump in its net loss in the financial year ended March 2023 (FY23), B2B fintech startup M2P Fintech's loss stayed flat in FY24. The startup poste... Read More


Zoho Developing Energy Efficient Indic LLM

India, March 3 -- SaaS unicorn Zoho is working on developing its own large language model (LLM), with a focus on Indian languages, its group CEO Shailesh Kumar Davey said. During a media roundtable o... Read More


DroneAcharya Gets DGCA's Type Certification For Its Multipurpose Drone

India, Feb. 27 -- DroneAcharya Aerial Innovations has received the Directorate General of Civil Aviation's (DGCA) type certification for its multipurpose drone, AgriVeer. AgriVeer is designed for app... Read More


Wow! Momo's Loss Flat At INR 114 Cr In FY24

India, Feb. 27 -- Kolkata-based QSR chain Wow! Momo's net loss remained almost flat at INR 114.4 Cr in the financial year 2023-24 (FY24). This was 0.53% higher than the loss of INR 113.8 Cr in FY23. ... Read More


Enterprise Messaging Platform Slack Suffers Global Outage

India, Feb. 26 -- Workplace communication platform Slack is currently facing a major outage which has affected users globally. The issue spans multiple functionalities, including login/SSO, messaging,... Read More


Delhivery Ordered To Pay INR 5.35 Cr GST

India, Feb. 26 -- Logistics giant Delhivery has received an order from the West Bengal Goods and Services Tax (GST) department, asking it to pay INR 5.35 Cr tax amount. In an exchange filing, the com... Read More