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[Update] Zuckerberg Apologises Over PM Modi Video Takedown, CSAM Ads, Deepfakes

India, Aug. 5 -- Original | August 05, 17:27 IST Hours after the MP Nishikant Dubey-led parliamentary panel warned Meta over its content moderation practices, CEO Mark Zuckerberg has reportedly apolo... Read More


[Update] Mark Zuckerberg Issues Apology After Parliamentary Panel Warning

India, Aug. 5 -- Original | August 05, 17:27 IST Hours after the MP Nishikant Dubey-led parliamentary panel warned Meta over its content moderation practices, CEO Mark Zuckerberg has reportedly apolo... Read More


EV Startup River Mobility Bags $120 Mn To Expand Manufacturing Capacity

India, Aug. 5 -- Electric two-wheeler manufacturer River Mobility has raised $120 Mn (about Rs.1,141 Cr) in its Series C funding round co-led by Elev8 Venture Partners and Claypond Capital. The round ... Read More


Digital Arrest Scams: SC Directs RBI To Create Bank SOPs, Pushes For Victim Compensation Framework

India, Aug. 5 -- Amid growing instances of digital scams, the Supreme Court (SC) has directed the Reserve Bank of India (RBI) to strengthen measures against the growing threat by introducing a standar... Read More


Tracxn Reports Rs.3 Cr Loss In Q1, Revenue Flat At Rs.21 Cr

India, Aug. 5 -- Market intelligence platform Tracxn reported its fourth consecutive loss-making quarter, reporting a net loss of Rs.3 Cr in the June quarter (Q1 FY27). While the company's loss swelle... Read More


OfBusiness Set To File DRHP For $800 Mn IPO By Mid-November

India, Aug. 5 -- B2B ecommerce unicorn OfBusiness is looking to revive its IPO plans amid improvement in equities market condition. Sources told Inc42 that the SoftBank-backed startup will be looking ... Read More


Bombay HC Directs Meta, Google To Take Down Defamatory Content Against Union Minister Nitin Gadkari

India, Aug. 5 -- The Bombay High Court (HC) on Wednesday (August 5) reportedly directed Meta, Google and other intermediaries to take down allegedly defamatory and AI-generated deepfake content target... Read More


Ola Electric Shares Jump 10% After Signing BESS MoU With Axis Energy

India, Aug. 5 -- Shares of Ola Electric climbed as much as 10.4% to an intraday high of Rs.42.55 on the BSE today after the EV maker announced its first large-scale partnership for its upcoming commer... Read More


AI Concierge Startup Hulp Raises $2.6 Mn From Sparrow Capital, BITKRAFT

India, Aug. 5 -- Household assistance startup Hulp has raised $2.6 Mn (about Rs.25 Cr) in a seed funding round led by VC firms Sparrow Capital and BITKRAFT Ventures. While early stage VC DeVC also pa... Read More


Sarvam To Raise $74 Mn In Series B Extension From NVIDIA, Others

India, Aug. 5 -- AI unicorn Sarvam is set to raise another $74 Mn (about Rs.697.8 Cr) in an extension of its ongoing Series B funding round from a clutch of investors, including NVIDIA, Glade Brook, G... Read More