Byju’s said on Wednesday that recent accusations by India’s crime-fighting agency regarding a breach of the nation’s foreign exchange rule are “solely technical” in natur
Investment giant Prosus has written down the valuation of edtech giant Byju’s to below $3 billion, marking a steep drop from the $22 billion valuation the Indian startup hit just early last year
Foxconn plans to invest $1.54 billion in India, the latest in its growing expansion plan, following a surge in revenues in the South Asian market. Foxconn said in a stock exchange filing that the inve
Anil Goel, the CTO of Byju’s, is leaving the edtech giant, he informed some colleagues amid a broader restructuring at the Bengaluru-headquartered startup as it looks to pare down costs and unif
Berkshire Hathaway exited Paytm-parent firm One97 Communications Friday at a loss of about 40% on the high-profile investment it made more than five years ago. The Warren Buffett firm invested about $
India is drafting rules to detect and limit the spread of deepfake content and other harmful AI media, a senior lawmaker said Thursday, following reports of proliferation of such content on social med
Audio entertainment startup Pocket FM has topped $160 million in annualized revenue runrate and is inching closer to raising over $80 million in a new funding round, three sources familiar with the ma
Sam Altman is returning to OpenAI as its chief executive, the high-profile AI startup said Wednesday, a dramatic reversal that caps an intense five days of discussions, debates and convincing followin
OneWeb India, the local subsidiary of low-earth orbit operator Eutelsat OneWeb, has received the necessary approval from the country’s newly created space regulatory body to launch its commercia
India’s Enforcement Directorate, its crime-fighting agency, has issued a show-cause notice to Byju’s, accusing it of violating the nation’s foreign exchange rules. The ED’s all
Microsoft has hired OpenAI co-founders Sam Altman and Greg Brockman to head up a “new advanced AI research team,” the software conglomerate’s chief Satya Nadella said Monday, capping
In India, few events garner as much attention as a cricket game. And there’s no match for a World Cup final. The Sunday game topped 59 million concurrent viewers, shattering the 53 million miles
OpenAI co-founder and president Greg Brockman has quit the firm, he said Friday, hours after the Microsoft-backed giant abruptly fired its chief executive Sam Altman and assured that Brockman would re
India’s central bank has enforced several measures to cool down high growth in consumer credit in a move that will impact consumer spending and many startups in the South Asian market, industr
Apple plans to add support for the RCS standard on iOS next year, the iPhone-maker said Thursday in a major reversal that would resolve the widespread issue of compatibility in text messaging between
A crucial knock-out cricket game between India and New Zealand shattered all previous on-demand video streaming records Wednesday, sending over 53 million concurrent viewers to Disney’s Hotstar.
Anu Hariharan, who led YC Continuity before the storied accelerator scrapped the program, has partnered with two of her former colleagues and former Brex executive Lucas Fox to launch a new fund that
Omegle, a popular online chat service that allowed individuals to connect and talk with strangers, has shut down after more than 14 years citing growing misuse of the platform, including in committing
Bob Iger said Wednesday that Disney “would like to stay” in India and is considering its options in the world’s most populous country where its TV business continues to pull profit b
Apple has bowed to the inevitable and said it “expects to make” App Store policy changes to comply with EU’s Digital Markets Act (DMA). The pan-EU DMA came into application across th
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