Every week day, Forbes India's Hari Arakali, Editor - Tech & Innovation, brings you his take on one piece of tech news that caught his attention, covering everything from big tech to India's growing tech startup ecosystem.
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Election results: what VCs are hoping for in the new government
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Indian voters have denied a majority to Prime Minister Narendra Modi’s BJP. However, as Modi is set to remain in power for a historic third term, leading the coalition NDA, three well-known VC investors unpack what this means for India’s tech and startup ecosystem. Ninad Karpe, founding partner at 100X.VC, in Mumbai, Abhishek Goyal, co-founder of T…
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Agnikul successfully tests rocket for lift off – here’s what comes next
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Agnikul Cosmos, a space launch vehicle startup in Chennai, yesterday successfully tested its first technology demonstrator rocket, Agnibaan, that showed its one-piece 3D-printed engine worked as intended, in a sub-orbital mission. To understand the significance of this success, Forbes India spoke with Narayan Prasad, chief operations officer at Sat…
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Why the RBI’s fintech repository can be a game changer for startups in the sector
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A year after it first announced the plan, the Reserve Bank of India yesterday launched a Fintech Repository that the regulator hopes will foster innovation by allowing it to stay abreast of the cutting edge of tech in the industry. To get a sense of why fintech entrepreneurs are welcoming this move, Forbes India spoke with Manish Kumar, co-founder …
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Can India power its data centres sustainably – what you should know
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The demand for data centres in India is surging, driven by everything from the expansion of the so-called global capability centres to the rise of our digital economy and the laws around localization of data as required under the data protection rules. In this episode, Arjun P Gupta, founder and CEO of Smart Joules, in New Delhi, which provides HVA…
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In India’s evolving e-commerce scene, can Flipkart make it quick
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Google’s large investment in Flipkart comes as a pleasant surprise even to seasoned investors in India’s digital economy – at a time when late-stage funding is yet to return, and the funding winter continues even as the monsoons will be a welcome relief from record heat waves across the subcontinent. Abhishek Goyal, co-founder of Tracxn, and an ear…
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Why Google wants to make its Pixel smartphone in India
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Google is reportedly ready to make its Pixel phones in India, starting with the Pixel 8 to be assembled at a Foxconn International plant in Tamil Nadu. Tarun Pathak, research director at Counterpoint Technology Market Research, and Navkendar Singh, associate vice president at IDC India, unpack the big picture here. Google is starting small, but has…
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Why some Indian tech startups are coming home now
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Why are some of India’s best-known fintech startups, but also others, engaging in what is popularly called a “reverse flip” to move their holding parent entities back to India from countries such as the US, Singapore and so on. It can be a fairly complex, time-consuming process, but these companies – Groww, PineLabs and Razorpay are in the news – f…
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How Satya Nadella wants to bring Microsoft AI to everyone
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Microsoft CEO Satya Nadella offered a glimpse into his plan for how the company will bring AI to everyone – via its Copilot stack on its Azure cloud platform, keynoting the company’s 14th edition of its annual developer conference, Build, on May 21. In this episode, Sidhant Rastogi, president for technology services and platforms at Zinnov, a manag…
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How real is the AI opportunity for Indian IT companies?
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A report last week from Tata Consultancy Services on “AI for Business” revealed some of the barriers to achieving the so-called “transformation” that large companies seek, in implementing new tech and processes – especially generative AI in this case. So where does the IT services industry really stand with respect to generative AI as an opportunit…
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How India’s IT services industry is approaching the AI opportunity
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India’s efforts to build core AI technologies is at best at a nascent stage. At the country’s biggest tech industry lobby Nasscom’s annual flagship conference last week, we caught up with Debjani Ghosh, the organisation’s president, for a quick chat on the topic. Ghosh spoke about how India’s tech services companies are approaching the AI opportuni…
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IT services companies may benefit as enterprises tap AI to sunset legacy apps
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India’s top IT companies might benefit as their biggest customers look to sunset legacy applications that are only being maintained for the critical data they hold, but first a couple of other headlines that caught my attention: One97 Communications Ltd., which operates the Paytm wallet and payments network, has formed a committee, headed by Meleve…
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Google retires Bard with launch of Gemini Advanced as $20 subscription
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Google is retiring Bard, with the launch of a more capable chatbot, Gemini Advanced, but first a couple of other headlines. Reserve Bank of India, the country’s central bank, yesterday, stood by its actions imposing restrictions on Paytm Payments Bank, stating that its order barring the small finance bank from most activities after Feb. 29, includi…
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Tech layoffs in 2024 already: 32,500 and counting as AI takes precedence
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Layoffs at tech companies have continued into 2024, but first, a couple of other headlines that caught my attention. Hyundai Motors is planning to list its Indian unit to raise at least $3 billion in what would be the country's biggest IPO, Reuters reported yesterday, citing two people it didn’t name. Hyundai, the second-biggest automaker in India …
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Apple’s Vision Pro is in US stores, but a see-through glass isn’t on the horizon yet
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Apple’s Vision Pro headsets are now available for sale at stores in the US, but first a couple of other headlines that caught my attention. A UK minister on a trade mission last year assured Infosys that he would do what he could to help the company grow in the country, where founder NR Narayana Murthy’s son-in-law Rishi Sunak is prime minister, Th…
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Apple’s iPhone sales in India crossed the 10 million mark in 2023, Counterpoint says
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Apple’s focus on India is paying off and the company also captured the top position in revenue in a calendar year for the first time, due to strong demand for both its latest iPhone and older models, according to market research provider Counterpoint. Overall, Samsung maintained its lead with the biggest market share, at 18 percent, in the predomin…
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What India’s tech startups want in budget 2024
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Ahead of the union government's budget for the year 2024-25, the well-known expectations remain, such as tax breaks and incentives, but India's tech startups are also hoping the government will sharpen its focus on supporting them to develop more intellectual property within the country, which is crucial for our long-term security. They want more R…
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Coming up, India to host conference on dual-use tech, software
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An important conference is to take place tomorrow in New Delhi on India’s international role with respect to technologies that are considered dual use, meaning for civilian and industrial use, but also for defence and military applications. India’s Directorate General of Foreign Trade, Department of Commerce in partnership with the Ministry of Exte…
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With circle to search, Google’s AI makes looking things up ever more human
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Those of you who caught Samsung’s Unpacked event two days ago would have seen a Google vice president of search coming up on stage to describe a new AI feature on the latest Galaxy phone, developed by Google. Google calls it circle to search, and that’s exactly what it is. See something you’re browsing that you want to know more about? Well, now ju…
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Apple just added office space in India that can accommodate 1,200 staff
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Apple has a new office in India in the heart of Bengaluru, the iPhone maker said in a statement. The country’s tech capital is already home to so many of Apple’s teams, including in software engineering and hardware technologies, operations, customer support, and other functions, according to Apple. This new workspace, which Apple hopes will be a p…
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VinFast to invest $2 bln to set up an integrated EV manufacturing hub in India
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VinFast, an electric vehicle manufacturer from Vietnam, plans to invest $2 billion dollars in India, but first a couple of other headlines that caught my attention. Japanese media and tech giant Sony Corp. is planning to call off the merger of its Indian unit with Zee Entertainment, more than two years after the deal was announced, over a disagreem…
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Apple suppliers, Hyundai, others commit to $4.4 bln in electronics, EV push in India
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Several multinational electronics and manufacturing companies including Apple’s supplier Pegatron and Korean auto giant Hyundai have committed to large investments in the southern Indian state of Tamil Nadu, but first, a couple of other headlines that caught my attention. The US Federal Aviation Administration on Saturday ordered the grounding and …
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Discord updates mobile app to load faster, improve messaging
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Discord has rolled out a bunch of improvements to its mobile app on both Android and iOS, but first: Byju Raveendran is contemplating using his 10-12 percent direct shareholding in the test-prep chain Aakash to raise about Rs. 600 crore to shore up his beleaguered ed-tech venture, Think & Learn, The Arc reported yesterday, citing sources it didn’t …
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IN-SPACe offers startup seed funding, tech support in urban development, disaster management
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IN-SPACe has announced a new seed fund to support startups working the areas of urban development and disaster management using space tech, but first: Spotify fired 1,500 staff, cutting its workforce by 17 percent, a measure that CEO Daniel Ek said was needed to face the challenges ahead. This is the company’s third round of layoffs this year, Tech…
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Freshworks’s Mathrubootham scores another top-hire win with Mika Yamamoto as CCMO
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Even when Freshworks was a much smaller startup, Girish Mathrubootham just beginning his foray into the US market, one thing reporters like me would always hear about was Girish’s ability to surround himself with exceptional colleagues and soak up everything he could learn from them. As many of you know, he likes to call them people who’ve “been th…
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Virgin Flight100 marks another step in the long haul to sustainable aviation
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The first trans-Atlantic flight using 100 percent sustainable aviation fuel was made between London and New York yesterday by Britain’s Virgin Atlantic, bringing the industry another small step closer to sustainable aviation. Test flight VIR100, which did not carry paying passengers, took off from London’s Heathrow Airport at 11:49 am UK time (6:49…
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India’s changing EV landscape: from low-speed e-bikes to ‘reverse trikes’ for ride hailing
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India’s EV landscape is changing, with startups emerging across the value chain – from all-electric cabs to e-bikes and innovative purchase options. But first, some headlines: Facebook and Instagram’s parent company Meta Platforms knowingly employed methods that lured children on to these platforms, The New York Times reported on Nov. 25, citing un…
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India’s space tech ecosystem in focus with NASA chief’s visit
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US space agency NASA’s Administrator Bill Nelson is in India today to meet top government and ISRO officials, as both countries look to deepen their space exploration and scientific research partnership. The visit by Nelson, a former US senator, “fulfills a commitment through the US and India initiative on critical and emerging technology spearhead…
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NVIDIA surges 3X on AI, but no word on Altman’s ghar waapsi as Microsoft readies office with Macs
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NVIDIA, which has a near monopoly on computer chips for AI applications, reported its fiscal third-quarter numbers yesterday that beat street expectations. The semiconductor company’s Q3 revenues of $18.12 billion is a 206 percent year-on-year jump, reflecting the extent to which big tech companies are ramping up AI investments. Sales to the data c…
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Microsoft’s Satya Nadella snaps up ousted OpenAI CEO Sam Altman for new advanced AI unit
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Microsoft CEO Satya Nadella moved swiftly to recruit OpenAI’s co-founder Sam Altman after his shocking ouster as CEO last week from the company responsible for the ChatGPT bot which has made AI a household term. Microsoft also hired Greg Brockman, who resigned as president of OpenAI after Altman’s ouster. Wall Street cheered, and Microsoft shares r…
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Gurugram to Connaught Place in 7 minutes by air, minus the pollution, for the price of an Uber ride?
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Diwali crackers are about to add to the already dangerously polluted air in the national capital region. So how would it be if you could fly over the smog for an important meeting, in a tenth of the time it would take to go from Gurugram to Connaught Place, say, and pay about the same as what an Uber ride would cost. InterGlobe Enterprises, the com…
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Razorpay signals intent to step up SEA expansion, names COO for India, Malaysia
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Razorpay, a leading fintech name in India, providing a payments platform and banking-as-a-service software to some 10 million businesses, in the country, yesterday elevated Rahul Kothari to the position of chief operating officer for India and Malaysia. Kothari was previously chief business officer at the company. He will report to founder and CEO …
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Slack CEO Lidiane Jones quits to go run Bumble as founder Whitney Wolfe Herd steps down
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Bumble yesterday announced that Lidiane Jones, who currently serves as chief executive at Slack, will succeed founder and current CEO Whitney Wolfe Herd, on Jan. 2. Wolfe Herd will become Executive Chair at that time, the company said in a press release yesterday. Nasdaq listed Bumble, which will report its fiscal third-quarter earnings later today…
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Apple continues to grow iPhone sales in India amid global dip
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Apple, last week, reported another quarter of revenue decline, on a year-on-year basis, but also one where the decrease was significantly narrower than nine months ago, amid heightened global uncertainties. The three months to Sep. 30, which is Apple’s fiscal fourth quarter, was also the iPhone maker’s best quarter in India, ever. “We achieved an a…
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US President Biden moves to establish AI guardrails with Executive Order
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In today’s episode we take a quick look at news of US President Joe Biden’s executive order to regulate AI, but first one other headline that’s caught everyone’s attention at home. Headlines Several politicians from various opposition parties in India have been sent notifications by Apple that they were being targeted by “state-sponsored attackers,…
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Qualcomm’s State of Sound 2023 report says we want one device to hear them all
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In today’s episode I bring you the gist of Qualcomm’s latest State of Sound report, but first a few headlines. Headlines India’s department of telecommunications has used facial recognition to disconnect more than 6.4 million illegal phone connections over the last six months, Moneycontrol reports. It detects when a photograph has been used multipl…
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H1-B rule changes coming soon, to discourage fraud, improve flexibility, including startup founders
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In today’s episode H1B visa rules will soon change significantly, but first a few other headlines caught my attention. Isro, announced last week the successful test of “In-flight Abort Demonstration of Crew Escape System (CES)” at Mach number 1.2 with the space agency’s newly developed Test Vehicle, followed by Crew Module separation & safe recover…
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Engineering admissions – is India headed for a talent crisis in core streams?
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In today’s episode, I ask if we are headed for a talent crisis in core engineering streams, but first a couple of headlines. Headlines Agnikul Cosmos, has raised $26.7 million in Series-B funding from investors including Celesta Capital, Rocketship.vc, Artha Venture Fund and Artha Select Fund, the Chennai startup said in a press release on Oct. 17.…
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Google proposes children, teen safety framework, opposes hard checks of age proof
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There’s been a surge in children’s sexual abuse and exploitation online since the Covid pandemic, experts agree, and lawmakers around the world are trying to grapple with this threat with new policies and rules. Online businesses should be pushed to design their products and services to be age appropriate, Google proposes, but opposes stringent use…
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TCS concludes jobs-for-bribes investigation, sacks 16 employees, moves three others
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In today’s episode find out why TCS sacked 16 employees, but first a few headlines. Headlines After losing the IPL streaming rights, which has contributed its loss of some 20 million subscribers, Disney Hotstar set a new world record for concurrent viewers on Saturday when 35 million people logged on to the digital platform to watch the India-Pakis…
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IT services – how generative AI is changing applications development and maintenance
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In today’s episode I take a quick look at how applications development and maintenance, which is about two-thirds of India’s IT sector revenues, is changing, but first a few headlines. Beyond Next Ventures, a Japanese fund focused on early-stage deep tech startups in Asia, is targeting up to ¥25 billion (about $168 million) for BNV Fund 3, its thir…
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What customers want from India’s SaaS companies
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What do customers want from their SaaS vendors? Sridhar Vembu, founder and CEO of Zoho Corp., weighs in on this question, speaking with Forbes India at the company’s annual Zoholics conference on Oct. 9 in Bengaluru. Zoho remains steadfastly bootstrapped, but for the VC funded ventures, Vembu speaks about how a new funding cycle will eventually ret…
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Acumen names first Energy for Livelihoods India cohort in partnership with Apple
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In today’s episode, Acumen, last week, announced the first Indian cohort of sustainability and renewable energy focused startups it will train, with support from Apple, but first a few headlines. SoftBank CEO Masayoshi Son said he believes an artificial general intelligence (AGI) that surpasses human intelligence in most areas, will arrive within 1…
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One thing today in tech – Infosys to build 50,000 strong AI army on NVIDIA tech
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In today’s episode we take a quick look at an expanded partnership between NVIDIA and Infosys that seeks to equip an army of AI specialists trained in the AI chip giant’s technologies, but first one other headline that caught my attention yesterday. WhatsApp continues to roll out new features in India that will allow users in its largest market by …
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One thing today in tech – Apple highlights net zero efforts with iPhone 15 and Watch 9
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In today’s episode it’s all about Apple. And of course, the company didn’t disappoint with the many incrementally faster, better features with innovations that combine both hardware tech and software ingenuity, as it launched the iPhone 15 series of smartphones and the Apple Watch 9 series, yesterday. For example, a double tap of your thumb and you…
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One thing today in tech – the next wave of global capability centres in India
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In today’s episode we take a quick look at the rise of global capability centres, as they are called, but first a few headlines. Headlines Apple’s iPhone 15 event, the Wonderlust, is to be held later today, where we might get to see the company’s first smartphone with the standard USB-C charging port. It’s at 10:30 p.m. India time and you can watch…
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Freshworks investor day – one takeaway that reflects enterprise customer push
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In today’s episode one quick takeaway from Freshworks’s first investor day since the company went public two years ago, but first a few headlines. Headlines NVIDIA and Reliance Industries, on Sep. 8, announced a collaboration to develop India’s own foundation large language model trained on the nation’s diverse languages and tailored for generative…
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One thing today in tech – Indian SaaS leader Zoho crosses 100 million users worldwide
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In today’s episode we take a quick look at Zoho’s latest milestone, with the Indian SaaS leader crossing 100 million users, but first a few headlines. Headlines HeromotoCorp will invest up to Rs. 550 crore in a rights issue of Ather Energy Private Limited, the Indian two-wheeler giant told stock exchanges on Sep. 4 in a statement. Atomicwork, a clo…
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One thing today in tech – Edtech funding in India, especially early-stage, falls sharply in 2023
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In today’s episode we take a quick look at edtech funding, from a report published by Tracxn. But first, a few headlines. Headlines Telecom operators in India want internet companies to compensate them for using their telecom networks, a recommendation they’ve made to the local regulatory body, echoing a viewpoint that is gaining some momentum in o…
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One thing today in tech – 5 takeaways on Indian SaaS companies from an early-stage VC investor
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Today, five takeaways on the future of India’s SaaS sector from the perspective of an early-stage VC investor, but first, a few headlines. Headlines India’s Aditya-L1 satellite, our first space-based solar observatory, was launched successfully on Sep. 2 at 11:50 a.m. local time, Isro said in an update. Microsoft is ending WordPad, the basic word p…
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One thing today in tech – robot orders fell 37 percent in Q2 in North America
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In today’s episode, sales of robots are down by almost a third from the first six months of last year. But first, some headlines that caught my attention. Headlines that caught our attention India's first indigenously developed nuclear power plant unit has started operations at full capacity, Business Today reports. The plant, in Kakrapar, Gujarat,…
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