Articles from economictimes.indiatimes.com

Articles from economictimes.indiatimes.com

India faces a shortage of agentic AI professionals, with executives estimating fewer than 100,000 available against a projected need of 200,000 by 2026 (economictimes.indiatimes.com)
5 days ago India AI

Goldman Sachs Alternatives acquires India-based HR SaaS company PeopleStrong from Multiples PE, sources say for $130M; Tracxn: Multiples PE held an 84.3% stake (economictimes.indiatimes.com)
16 days ago SaaS India Goldman

Bengaluru-based Scapia, which offers a travel-focused credit card and a travel app, raised a $40M Series B led by Peak XV, bringing its total funding to $72M (economictimes.indiatimes.com)
28 days ago Credit Card

Industry executives say Rapido has a 20% share in India's four-wheeler ride-hailing segment; Uber has a ~50% share, while Ola holds most of the remaining 30% (economictimes.indiatimes.com)
2025-4-1 India Uber

Sources: Foxconn plans to assemble 25M to 30M iPhones in India in 2025, up from ~12M in 2024, and is conducting production trials at its new Bengaluru plant (economictimes.indiatimes.com)
2025-3-31 India

India's Income Tax Bill 2025 grants income tax officers the legal authority to access taxpayers' email and social media accounts if they suspect tax evasion (economictimes.indiatimes.com)
2025-3-6 India Tax

Ola's AI venture Krutrim partners with Lenovo to develop the 700B-parameter Krutrim 3 LLM and India's largest supercomputer, as India grows its AI capabilities (economictimes.indiatimes.com)
2025-3-6 India AI Lenovo

The UK's ICO says it's probing how TikTok uses 13-17-year-olds' personal data for content suggestions and how Reddit and Imgur verify the ages of child users (economictimes.indiatimes.com)
2025-3-3 Reddit ICO

Ola founder Bhavish Aggarwal says Krutrim has deployed DeepSeek R1 671B on Nvidia's H100 and will be offered to Indian developers starting at ₹1/million tokens (economictimes.indiatimes.com)
2025-2-12 India Nvidia

Indian Electronics and Semiconductor Association: the semiconductor market in India is projected to grow to $103.4B at a CAGR of 13% through 2030 (economictimes.indiatimes.com)
2025-2-9 India

Brazil's data protection authority ruled that Tools for Humanity, cofounded by Sam Altman, must stop offering compensation for iris scans in the country (economictimes.indiatimes.com)
2025-1-27 Brazil

Data shows India's UPI recorded 10B+ merchant transactions in October 2024, up 53% YoY, while credit cards saw a 35% YoY increase in transactions to 433M (economictimes.indiatimes.com)
2024-12-1 India Credit Card

Singapore-based fintech Zinc, which offers financial services tools for overseas students, raised a $25.5M seed led by Nexus Venture Partners (economictimes.indiatimes.com)
2024-10-29 Fintech Singapore

Sources: Peak XV has cut its $2.85B fund by $465M, or ~16%, over a year after its split from Sequoia, with the bulk of the reduction coming at the growth stage (economictimes.indiatimes.com)
2024-10-2

Myntra founder Mukesh Bansal's Nurix AI, which builds custom AI agents for enterprise services, raises a $27.5M seed from Accel, General Catalyst, and others (economictimes.indiatimes.com)
2024-9-24 AI

Centricity, a digital wealth management service for financial advisers and asset managers, raised a $20M seed led by Lightspeed India at a $125M valuation (economictimes.indiatimes.com)
2024-9-12 India Asset

Indian bike taxi startup Rapido raised $200M at a $1.1B valuation led by WestBridge and plans to expand its newly launched cab-hailing service (economictimes.indiatimes.com)
2024-9-5 India Startup

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