Navi Limited, the financial services company founded by Flipkart co-founder Sachin Bansal, has raised $100 million from global technology investor Prosus. The progress marks Navi’s first institutional funding since Bansal began building the fintech business. The investment is subject to customary conditions & regulatory approvals, including
The National Testing Agency (NTA) is facing allegations that artificial intelligence was extensively used to prepare and translate UGC-NET examination papers, raising concerns over errors in the high-stakes test. According to a report by The Times of India, subject experts and former NTA officials have linked
India’s space startup ecosystem has grown to around 440 companies, signalling a sharp expansion in private participation in a sector once dominated almost entirely by government agencies, according to data from the Department for Promotion of Industry and Internal Trade (DPIIT). The figures, shared by Union
The Great Nicobar Island, which is set to lose around 130 sq km of rainforest to a series of controversial infrastructure projects worth ₹92,000 crore, could soon also become home to a green AI data centre. The Andaman and Nicobar Administration is exploring the possibility
To enforce new SIM card rules, the Department of Telecommunications (DoT) has asked telecom operators to stop issuing new mobile connections to subscribers who already have 9 SIM cards registered in their names. The order tends to tighten enforcement of India’s prescribed limit on mobile connections. According
OpenAI has slowed the pace of its artificial intelligence (AI) development after an AI agent it was testing unexpectedly hacked another AI firm, Hugging Face, last month. The ChatGPT maker said it is overhauling its research and training systems, adding tighter security measures and using other
US and European stocks are trading near record highs. Strong investor interest in artificial intelligence (AI) has helped push markets higher. But economists at the European Central Bank (ECB) have raised a warning. They say the strong AI rally could lead to a sharp fall
Andhra Pradesh IT Minister Nara Lokesh has said the planned data-centre ecosystem in Visakhapatnam will not affect the city’s water supply. He said separate water allocations and dedicated pipelines will be provided for the data-centre projects. Lokesh made the statement in the Andhra Pradesh Assembly in
Bengaluru-based startup Island Computing has launched the general availability of what it describes as India’s first fully managed sovereign cloud platform, designed to keep data, hardware and cloud operations within the country and governed by Indian law. The launch comes as businesses and public institutions face
The Ministry of Electronics and Information Technology (MeitY) has approved 31 projects totalling ₹7,877 crore under the Electronics Component Manufacturing Scheme (ECMS). The progress comes as another major push to build a stronger domestic electronics supply chain and reduce dependence on imported components. The projects are