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Swiggy Pulls The Plug On 15-Minute Food Delivery Service SNACC

India, Feb. 19 -- Food delivery major Swiggy has shut its 15-minute food delivery app SNACC, nearly a year after launching it, as the vertical struggled to turn profitable. SNACC was operational in B... Read More


OpenAI To Expand India Presence With Mumbai, Bengaluru Offices

India, Feb. 19 -- ChatGPT parent OpenAI will open new offices in Mumbai and Bengaluru later this year as part of its push to deepen its presence in India. The company made the announcement at the 'In... Read More


Google Deepmind To Roll Out AI Science Models For Indian Researchers

India, Feb. 19 -- Google's AI research lab, DeepMind, has announced a partnership with the Anusandhan National Research Foundation (ANRF), India's apex research body, to roll out its science-centric A... Read More


Tata Group, OpenAI To Build AI Infrastructure In India

India, Feb. 19 -- Tata Consultancy Services' AI data centre subsidiary has partnered with ChatGPT parent OpenAI to build AI infrastructure with 100 MW capacity, with the option to scale it up to 1 GW ... Read More


IPO-Bound Zepto Shuts Down Loyalty Programme Zepto Daily

India, Feb. 18 -- Amid bid to simplify its offerings, IPO-bound quick commerce major Zepto has shut down loyalty and subscription programme Zepto Daily. The subscription plan is no longer visible on Z... Read More


MeitY, IVCA Mobilise Rs.500 Cr VC Commitments For AI Startups

India, Feb. 17 -- The Ministry of Electronics and Information Technology (MeitY) and the Indian Venture and Alternate Capital Association (IVCA) have mobilised Rs.500 Cr in VC commitments for Indian A... Read More


Sarvam AI Launches AI Glasses 'Kaze'

India, Feb. 17 -- AI startup Sarvam AI has unveiled its first hardware product - a wearable device powered by AI, called 'Sarvam Kaze' - marking its entry into the devices market after building large ... Read More


India To Attract $200 Bn In AI Investments In Two Years: Ashwini Vaishnaw

India, Feb. 17 -- India is set to attract more than $200 Bn in investments towards artificial intelligence (AI) over the next two years, MeitY minister Ashwini Vaishnaw announced on Tuesday. Speaking... Read More


RBI Approves Appointment Of Rajan Bajaj As CEO Of slice SFB

India, Feb. 17 -- The Reserve Bank of India (RBI) has approved the appointment of slice founder Rajan Bajaj as the MD and CEO of slice Small Finance Bank (SFB). The appointment will take effect from F... Read More


Suhail Sameer-Led OTP Ventures Closes First Fund At Rs.500 Cr

India, Feb. 16 -- A little over two years after launching his early-stage venture capital fund, former BharatPe CEO Suhail Sameer has announced OTP Ventures first fund's final close at Rs.500 Cr. The ... Read More