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Local Foundational AI Platform Expected In 10 Months: Ashwini Vaishnaw

India, Feb. 5 -- Union Minister Ashwini Vaishnaw has reportedly said that India may develop graphics processing units (GPUs) within the next 3-5 years as part of India AI Mission. He added that a loc... Read More


Flipkart CPTO Jeyandran Venugopal Resigns

India, Feb. 5 -- Flipkart's chief product and technology officer (CPTO) Jeyandran Venugopal has resigned from the ecommerce giant due to personal reasons. In an internal note, Flipkart CEO Kalyan Kri... Read More


Centre Planning To Build A Separate Entity To Implement BharatTradeNet: Report

India, Feb. 5 -- Following finance minister Nirmala Sitharaman's announcement in her Union 2025 budget speech last week for setting up BharatTradeNet as a unified platform for trade and documentation ... Read More


In Fresh Tax Trouble, Paytm Gets Notice Of INR 3.73 Cr

India, Feb. 5 -- Paytm parent One97 Communications has received a goods and service tax (GST) demand notice of INR 3.73 Cr from the Central Goods and Service Tax (CGST) department. The notice, receiv... Read More


India To Build Own Foundational AI Model In Next 10 Months: IT Minister

India, Feb. 5 -- Union IT Minister Ashwini Vaishnaw has reportedly said that India will build its own foundational artificial intelligence (AI) model in the next 10 months. As per news agency PTI, Va... Read More


CaratLane Q3: Total Income Jump 27% YoY To INR 1,117 Cr

India, Feb. 5 -- Tata-owned CaratLane saw its total income, excluding bullion and digi-gold sales, jump nearly 27% year-on-year (YoY) to INR 1,117 Cr in the third quarter (Q3) of the financial year 20... Read More


ixigo Gets INR 1.8 Cr GST Demand, Penalty Notice

India, Feb. 5 -- Online travel aggregator ixigo has received a GST demand order of INR 89.8 Lakh from the Haryana GST authorities. In an exchange filing, ixigo said that it received the demand notice... Read More


Swiggy Q3: Out-Of-Home Consumption Vertical Nears Adjusted EBITDA Breakeven

India, Feb. 5 -- Foodtech major Swiggy's 'out-of-home consumption' business, which includes Dineout and SteppinOut, is at the cusp of breaking even, with its adjusted EBITDA improving to -1% in the th... Read More


Astra Security Bags $2.7 Mn To Offer Cybersecurity Solutions To Enterprises

India, Feb. 5 -- SaaS-based Cybersecurity platform Astra Security has secured $2.7 Mn (about INR 23.5 Cr) in a funding round led by Emergent Ventures, along with a host of other investors, including N... Read More


Good Glamm Group's Bad Formula

India, Feb. 5 -- Like the classic novel Strange Case Of Dr Jekyll and Mr Hyde, there are two sides to the Good Glamm Group. One that's always flexing and one that seems to be in flux. The Darpan Sang... Read More