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Byju's Founder Accused Of Trying To Regain Firm With Hidden Cash
The founder of bankrupt Indian tech firm Byju's tried to use loan proceeds that he allegedly hid from US lenders to secretly buy back a software company that was taken over by an American trustee, according to a new court filing.
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Google AI-Powered Air View+ Announced With Real-Time Hyperlocal Air Quality Information Across India
Google announced Air View+, an ecosystem-based solution to address the gaps in air quality data across India, on Wednesday. The system uses the Mountain View-based tech giant’s artificial intelligence (AI) models to process a large volume of air quality data at the hyperlocal level and provide actionable insights to Indian government agencies.
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Indian CubeSat to Travel to the Moon Soon on Japanese Lander
India’s HEX20Labs has partnered with Japanese firm ispace for a mission to send a CubeSat into lunar orbit. Scheduled to launch on ispace's M2 mission, the Indian CubeSat will ride aboard the lander Resilience, aiming to orbit the Moon and conduct critical technology testing. This mission signifies a major stride in India’s cislunar exploration...
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Investors' Wealth Surges Rs 6.59 Lakh Crore As Markets Breach 83,000-Mark
Among the 30 Sensex firms, Bharti Airtel, NTPC, Mahindra & Mahindra, JSW Steel, Adani Ports, State Bank of India, Tech Mahindra, Tata Steel, Larsen & Toubro and Kotak Mahindra Bank were the biggest gainers.
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Byju's Manager 'Not Truthful' on Missing $533 Million, Says US Judge
A director of Indian tech firm Think & Learn Pvt faces financial penalties for defying a US judge's order to find out where the troubled company stashed $533 million that jilted lenders say should go to them.
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AI-Led Tech Craze Leaves Mega Indian Software Stocks In The Dust
Shares of India's vaunted IT outsourcing firms are facing a reality check, as global investors' rush into the artificial intelligence theme starts to leave pricey old-economy tech stocks behind.
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US Techies Claim IT Firm Gave Their Jobs To Indians On H1-B Visas: Report
A group of American professionals has levelled serious allegations against Indian tech giant Tata Consultancy (TCS) in the latest twist to the ongoing debate over the US visa program for skilled foreign workers.
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India's MoS IT Rajeev Chandrasekhar Reacts to Binance and Changpeng Zhao Debacle
Indian minister Rajeev Chandrasekhar has warned crypto firms against misusing technology to flout laws and accomplish illegal activities. Chandrasekhar is the Union Minister of State for electronics and technology in India. The warning comes after Binance CEO Changpeng Zhao pleaded guilty to having violated the US’s anti money laundering policies...
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Tata Reportedly Completes Wistron India Takeover, Set to Become First Indian iPhone Manufacturer
Tata Group has completed the takeover of Wistron India, and the tech conglomerate is set to become the first Indian firm to assemble Apple's iPhone models in the country. The acquisition of Wistron's production lines in India will allow the Tata Group to assemble iPhones like Foxconn and Pegatron. The Tata Group was already producing some component...
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Detailed Crypto Laws Would Result in Responsible Industry Use of Blockchain, AI: Indian Web3 Experts
Tech industry players looking to explore blockchain and AI integration with Web3 will get to heave a sigh of relief once the much-awaited crypto rules being framed by India as the G20 president would finally be announced. This is a notion that experts from the Web3 field shared with Gadgets 360 in the backdrop of the recently held G20 Summit in Del...
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Indian AI Firm Saarthi.ai Allegedly Fired Employees, Withheld Salaries; CEO Clarifies Claims
Bengaluru-based AI tech support startup Saarthi.ai has fired some employees buckling under "investor pressure" to become profitable, and has allegedly withheld salaries of several employees since March 2023. Responding to queries, Founder and CEO Vishwa Nath Jha said the company has "let go" of employees in batches owing to "investor pressure" to b...
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HCL Tech To Buy German Automotive Services Firm ASAP For $280 Million
Indian IT services major HCLTech said late on Wednesday it will buy German automotive engineering services firm ASAP Group for an enterprise value of about 251 million euros ($279.83 million) as it looks to grow in the automotive space.
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Byju's, Lenders Renew Talks in Bid to Restructure Startup's Debt Load
Byju's and some of its lenders have restarted negotiations in a bid to restructure its $1.2 billion term loan after the Indian education-technology firm breached certain terms of its debt agreement, according to people familiar with the situation.
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Bharatmeta, Indian Metaverse Platform by Kiya.AI Showcased at Tech Event in Paris
India-based Kiya.ai, which is into Artificial Intelligence and other emerging technology-based solutions services, showcased its version of the metaverse called Bharatmeta at the ongoing VivaTech 2023 event in Paris 2023.
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Blockchain Impact Lab Launched in Hyderabad-Based Indian School of Business: Details
A blockchain-focussed impact lab has been set up in the Hyderabad campus of the Indian School of Business (ISB). DLabs, which was set up within the ISB campus last year to incubate potential start-ups, has teamed up with S&P Global, an intelligence and tech firm, to back up the Blockchain Impact Lab.
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Byju's Founder Accused Of Trying To Regain Firm With Hidden Cash
The founder of bankrupt Indian tech firm Byju's tried to use loan proceeds that he allegedly hid from US lenders to secretly buy back a software company that was taken over by an American trustee, according to a new court filing.
-
Google AI-Powered Air View+ Announced With Real-Time Hyperlocal Air Quality Information Across India
Google announced Air View+, an ecosystem-based solution to address the gaps in air quality data across India, on Wednesday. The system uses the Mountain View-based tech giant’s artificial intelligence (AI) models to process a large volume of air quality data at the hyperlocal level and provide actionable insights to Indian government agencies.
-
Indian CubeSat to Travel to the Moon Soon on Japanese Lander
India’s HEX20Labs has partnered with Japanese firm ispace for a mission to send a CubeSat into lunar orbit. Scheduled to launch on ispace's M2 mission, the Indian CubeSat will ride aboard the lander Resilience, aiming to orbit the Moon and conduct critical technology testing. This mission signifies a major stride in India’s cislunar exploration...
-
Investors' Wealth Surges Rs 6.59 Lakh Crore As Markets Breach 83,000-Mark
Among the 30 Sensex firms, Bharti Airtel, NTPC, Mahindra & Mahindra, JSW Steel, Adani Ports, State Bank of India, Tech Mahindra, Tata Steel, Larsen & Toubro and Kotak Mahindra Bank were the biggest gainers.
-
Byju's Manager 'Not Truthful' on Missing $533 Million, Says US Judge
A director of Indian tech firm Think & Learn Pvt faces financial penalties for defying a US judge's order to find out where the troubled company stashed $533 million that jilted lenders say should go to them.
-
AI-Led Tech Craze Leaves Mega Indian Software Stocks In The Dust
Shares of India's vaunted IT outsourcing firms are facing a reality check, as global investors' rush into the artificial intelligence theme starts to leave pricey old-economy tech stocks behind.
-
US Techies Claim IT Firm Gave Their Jobs To Indians On H1-B Visas: Report
A group of American professionals has levelled serious allegations against Indian tech giant Tata Consultancy (TCS) in the latest twist to the ongoing debate over the US visa program for skilled foreign workers.
-
India's MoS IT Rajeev Chandrasekhar Reacts to Binance and Changpeng Zhao Debacle
Indian minister Rajeev Chandrasekhar has warned crypto firms against misusing technology to flout laws and accomplish illegal activities. Chandrasekhar is the Union Minister of State for electronics and technology in India. The warning comes after Binance CEO Changpeng Zhao pleaded guilty to having violated the US’s anti money laundering policies...
-
Tata Reportedly Completes Wistron India Takeover, Set to Become First Indian iPhone Manufacturer
Tata Group has completed the takeover of Wistron India, and the tech conglomerate is set to become the first Indian firm to assemble Apple's iPhone models in the country. The acquisition of Wistron's production lines in India will allow the Tata Group to assemble iPhones like Foxconn and Pegatron. The Tata Group was already producing some component...
-
Detailed Crypto Laws Would Result in Responsible Industry Use of Blockchain, AI: Indian Web3 Experts
Tech industry players looking to explore blockchain and AI integration with Web3 will get to heave a sigh of relief once the much-awaited crypto rules being framed by India as the G20 president would finally be announced. This is a notion that experts from the Web3 field shared with Gadgets 360 in the backdrop of the recently held G20 Summit in Del...
-
Indian AI Firm Saarthi.ai Allegedly Fired Employees, Withheld Salaries; CEO Clarifies Claims
Bengaluru-based AI tech support startup Saarthi.ai has fired some employees buckling under "investor pressure" to become profitable, and has allegedly withheld salaries of several employees since March 2023. Responding to queries, Founder and CEO Vishwa Nath Jha said the company has "let go" of employees in batches owing to "investor pressure" to b...
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HCL Tech To Buy German Automotive Services Firm ASAP For $280 Million
Indian IT services major HCLTech said late on Wednesday it will buy German automotive engineering services firm ASAP Group for an enterprise value of about 251 million euros ($279.83 million) as it looks to grow in the automotive space.
-
Byju's, Lenders Renew Talks in Bid to Restructure Startup's Debt Load
Byju's and some of its lenders have restarted negotiations in a bid to restructure its $1.2 billion term loan after the Indian education-technology firm breached certain terms of its debt agreement, according to people familiar with the situation.
-
Bharatmeta, Indian Metaverse Platform by Kiya.AI Showcased at Tech Event in Paris
India-based Kiya.ai, which is into Artificial Intelligence and other emerging technology-based solutions services, showcased its version of the metaverse called Bharatmeta at the ongoing VivaTech 2023 event in Paris 2023.
-
Blockchain Impact Lab Launched in Hyderabad-Based Indian School of Business: Details
A blockchain-focussed impact lab has been set up in the Hyderabad campus of the Indian School of Business (ISB). DLabs, which was set up within the ISB campus last year to incubate potential start-ups, has teamed up with S&P Global, an intelligence and tech firm, to back up the Blockchain Impact Lab.
