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The fleet management company trackNOW has received an undisclosed investment from the Poonawalla Group. The new investment would allow trackNOW to expand its operations and have "access to invaluable mentorship and industry expertise," according to a statement from the Poonawalla Group. TrackNOW, which was founded in 2016 by
Citing governance issues and payment defaults, the Reserve Bank of India (RBI) replaced the board of Aviom India Housing Finance on 27th January. Ram Kumar, a former Chief General Manager (CGM) of Punjab National Bank, was named administrator. In addition to applying to the National Company Law Tribunal (NCLT), New
Abhishek Singh, additional secretary, Union Ministry of Electronics and Information Technology (MeitY), stated during his visit to GIFT City in Gujarat on 27 January that India is seeking proposals for developing its own foundational model in order to compete with foreign AI foundational models that serve as the basis for
According to a media source, Curefoods, a food and beverage startup founded by Ankit Nagori, a former senior Flipkart executive, has started talking about hiring legal firms and investment banks for its initial public offering (IPO). According to various media outlets, the firm recently met with a number of bankers
Sanjay Malhotra, governor of the Reserve Bank of India (RBI), has counselled banks to set up strong and proactive procedures to stop the nation's growing number of digital frauds. In order to reduce the risks associated with information technology (IT) and cybersecurity, the governor of the RBI also
According to reports, Pine Labs, a prominent fintech company, is preparing to submit its IPO draft papers by the middle of next month. A media site reported that the company aims to list on the bourses as soon as possible after finishing all the procedures required to move its base
Prominent fintech companies, such as Paytm and PayU, have refuted claims that they are one of a few payment gateways under investigation by the Enforcement Directorate (ED) in connection with a cryptocurrency scam. In response to the account freezing reports, Paytm denied receiving any notice of this kind from the
With plans to go public in the upcoming fiscal year, the board of logistics unicorn Shiprocket has approved a resolution to turn the startup from a private to a public business. According to the company's regulatory filings, the startup will now rename itself Shiprocket Limited and remove the
According to reports, Tata Sons has applied for permission from the Competition Commission of India (CCI) to purchase an additional 10% of DTH provider Tata Play from Temasek Holdings, a Singaporean sovereign wealth fund. According to multiple sources, which cite a notification sent to the CCI earlier this week, the
2.61 Cr equity shares have been distributed by listed foodtech giant Swiggy through its different employee stock option (ESOP) plans. Swiggy announced in an exchange filing on January 25 that the nominating and compensation committee had authorised the distribution of 2,61,93,411 equity shares of the firm
Indian book publishers and their foreign counterparts have accused OpenAI of utilising proprietary content to train its ChatGPT chatbot in a copyright case they filed in New Delhi, according to a group's spokesperson. According to a media outlet, the complaint was brought in December at the Delhi High
ByteDance, the parent company of TikTok, has received a revised proposal from Perplexity AI that calls for the formation of a new firm that would combine Perplexity with TikTok's US operations. The US government would be able to own up to 50% of the organisation under this new