Network International

iyO sues ex-staff after targeting OpenAI, Jony Ive

iyO sues ex-staff after targeting OpenAI, Jony Ive

12 Jul 2025, 15:57 PM

The company has alleged breach of contract and misappropriation of trade secrets against Dan Sargent by sharing information with another io co-founder, Tang Yew Tan.

Microsoft

Microsoft's BioEmu AI to advance drug discovery, says Satya Nadella

11 Jul 2025, 20:26 PM

BioEmu-1's ability to simulate structural ensembles, the different shapes a protein can take, marks a major milestone in protein science.

Peak XV-backed Probo under ED lens: Rs 284 crore assets seized amid online betting allegations

Peak XV-backed Probo under ED lens: Rs 284 crore assets seized amid online betting allegations

11 Jul 2025, 19:21 PM

The investigation revealed that the Probo platform defrauds its users by initially promoting a "deceptive image of a legitimate skill-based platform, only to ultimately exploit them through a betting mechanism..."

Ex-Niyo team floated fintech startup Belong bags seed funding led by Elevation

Ex-Niyo team floated fintech startup Belong bags seed funding led by Elevation

09 Jul 2025, 12:20 PM

The startup will use the fresh capital to expand its presence in geographies that have a sizable NRI presence such as the Gulf, the UK and the US.

Capgemini to buy WNS for $3.3 billion in Agentic AI push

Capgemini to buy WNS for $3.3 billion in Agentic AI push

07 Jul 2025, 18:09 PM

Aiman Ezzat, CEO, Capgemini, underlined that enterprises are rapidly adopting Generative AI and Agentic AI to transform their operations end-to-end.

Sahil Kini appointed as CEO of Reserve Bank Innovation Hub

Sahil Kini appointed as CEO of Reserve Bank Innovation Hub

07 Jul 2025, 11:37 AM

Kini will replace Rajesh Bansal, the founding CEO of the Reserve Bank Innovation Hub.

At a Glance: Fintechs rule personal loan volume, but bank-like on gender thinking

At a Glance: Fintechs rule personal loan volume, but bank-like on gender thinking

03 Jul 2025, 13:32 PM

Of the total, only 12% or Rs 1,06,548 crore of the overall value of personal loans accounted for fintech NBFCs in FY25.

Amazon introduces new generative AI model as it deploys 1 millionth robot

Amazon introduces new generative AI model as it deploys 1 millionth robot

02 Jul 2025, 16:52 PM

Amazon's journey into robotics started with its acquisition of Massachusetts-based Kiva Systems in 2012 that led to the creation of Amazon Robotics based on Kiva's technology.

Manipal Payment and Identity Solutions files draft papers for IPO via confidential route: report

Manipal Payment and Identity Solutions files draft papers for IPO via confidential route: report

01 Jul 2025, 16:40 PM

The company aims to raise around Rs 1,200 crore via the IPO, which will comprise of primary and secondary components.

Pine Labs’ chief growth officer quits ahead of IPO

Pine Labs’ chief growth officer quits ahead of IPO

01 Jul 2025, 15:53 PM

Pine Labs chief financial officer Marc Kay Mathenz has also resigned from the company.

Jio Financial pumps Rs 190 crore into payments bank

Jio Financial pumps Rs 190 crore into payments bank

27 Jun 2025, 11:32 AM

The move follows its recent buyout of State Bank of India’s 17.8% stake for Rs 104.54 crore, giving JFSL complete ownership of the bank.

Mahaveer Finance raises Series C funding from Elevation Capital, others

Mahaveer Finance raises Series C funding from Elevation Capital, others

19 Jun 2025, 11:55 AM

The fresh capital will be used to boost its presence in southern India, enhance its proprietary credit infrastructure, and expand its lending to underbanked customer segments.

At a Glance: Razorpay

At a Glance: Razorpay's M&A activity since its first acquisition in 2019

18 Jun 2025, 22:35 PM

The Head and Tale looks back at those deals struck by Razorpay as the company readies itself for an initial public offering (IPO) in the coming years.

UGRO Capital to acquire Profectus for $162 million

UGRO Capital to acquire Profectus for $162 million

17 Jun 2025, 20:56 PM

The acquisition is expected to add around Rs 150 crore of annualized profit to UGRO.

FamApp

FamApp's co-founder exiting startup via secondary stake sale

16 Jun 2025, 13:12 PM

The fintech startup has struggled to raise fresh capital since its Series A funding round of $38 million in 2021.

IPO-bound Pine Labs CFO quits

IPO-bound Pine Labs CFO quits

11 Jun 2025, 20:04 PM

March Mathenz, who operated out of Singapore along with Pine Labs CEO Amrish Rau, is expected to leave the organisation in the coming weeks.

Cred raises $72 million led by GIC in a downround

Cred raises $72 million led by GIC in a downround

11 Jun 2025, 14:22 PM

The investment was made at a valuation of $3.5 billion, much lower than the valuation of $6.4 billion when they last raised capital in 2022.

Flexiloans bags $44 million in Series C round

Flexiloans bags $44 million in Series C round

11 Jun 2025, 13:57 PM

Flexiloans will use the fresh capital to boost its operations, improve product offerings and upgrade its infrastructure.

Fintech Highlights

  1. Paytm to become AI-first company: Vijay Shekhar Sharma

  2. Peak XV-backed Probo under ED lens: Rs 284 crore assets seized amid online betting allegations

  3. Go Digit gets High Court relief on Rs 170 crore GST demand for now

  4. Groww retains top spot in brokerage race despite dip in users

  5. PhonePe, Google Pay command 82% of UPI transaction volumes
  6. Read more highlights...

AI/Emerging Tech

  1. iyO sues ex-staff after targeting OpenAI, Jony Ive

  2. Google hires Windsurf AI talent in $2.4 billion licensing deal

  3. xAI reportedly eyes fresh funding at $170-$200 billion valuation; Musk denies

  4. Meta acquires voice AI startup PlayAI in talent push

  5. Saudi Arabia to roll out AI curriculum across schools
  6. Read more highlights...

Editor's Pick

  1. RBI vs Government: The battle over India’s digital payments ecosystem explained

  2. What led Google-backed DotPe to shut down its lending unit

  3. Madras HC grants anticipatory bail to Strata founder in email impersonation case