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The BluSmart (And Gensol) Story: Missing Crores, A Luxury Flat, And EV Cabs
In July 2024 EV cab service BluSmart raised Rs 200 crore in funding from new investors like ex-India cricket team captain MS Dhoni. But, less than a year later, it has shut operations amid Sebi investigation into car leasers Gensol.
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Mumbai-Based IT Training Firm Jetking to Raise Over Rs. 6 Crore to Fund Bitcoin Acquisition
Jetking CFO Siddharth Bharwani said the company would raise Rs. 6.6 crore by selling 4,28,622 equity shares in compliance with SEBI regulations. Some portion of the collection will also be utilised to initiate Bitcoin-related educational, training, and skill development programmes in India
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Elon Musk's Social Media Firm X Bought by His AI Company, Valued at $33 Billion
Elon Musk's xAI has acquired X in a deal that values the social media platform at $33 billion (roughly Rs. 2,82,447 crore). Much of the deal's specifics remain unclear, such as how X's leaders would be integrated in the new firm or whether there would be regulatory scrutiny.
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Nvidia, Musk's xAI to Join Microsoft, BlackRock and MGX to Develop AI Infrastructure
Nvidia and Elon Musk's xAI have joined a consortium backed by Microsoft, investment fund MGX and BlackRock to expand US' AI infrastructure. The consortium renamed itself as AI Infrastructure Partnership on Wednesday.
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India Ranks 2nd After US In Funding Women-Led Tech Startups: Report
In total, these startups have raised a funding of $26.4 billion, with the highest fund coming in the year 2021 ($6.3 billion).
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Home-Grown Startup Lumio Announces Foray Into India’s 4K Smart TV Market Backed by Flipkart, Xiaomi Officials
Lumio, a home-grown consumer technology startup from Circuit House Technologies founded by former Xiaomi and Flipkart officials has announced its foray into India’s home entertainment space. The brand says it will soon introduce its range of 4K smart TVs in collaboration with Google, Dixon Technologies, and Amazon India with the aim of changing c...
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"USAID Was Allowed Here In Good Faith": S Jaishankar On Voter Turnout Fund
External Affairs Minister S Jaishankar has raised concerns over information from the US that millions of dollars were sent to India, allegedly to influence elections in India.
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Trump Questions India Voter Turnout Fund Again, BJP Seeks "Deep State" Probe
The BJP has sought an investigation into alleged US funding of $21 million for voter turnout in India and "kickbacks". The BJP's call for a probe came after US President Donald Trump first raised the issue of the alleged funding.
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"Raises Worries Of Interference In Internal Matters": India On USAID
India said the US Agency for International Development (USAID) $21 million fund for 'voter turnout in India' in 2012, "raises worries of interference in Indian internal matters, and relevant agencies are looking into it."
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Former OpenAI CTO Mira Murati Launches AI Startup, Poaching Staff From ChatGPT Maker
Former OpenAI chief technology officer Mira Murati launched an AI startup called Thinking Machines Lab on Tuesday, with a team of about 30 leading researchers and engineers from competitors including OpenAI, Meta and Mistral.
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"Not An Iota Of Fact": Ex-Poll Body Chief Rejects DOGE's India Funds Claim
Former chief election commissioner SY Quraishi on Sunday rejected a report that US agency funding was used for raising voter turnout in India when he headed the poll body.
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Amid 'Deep State' Charges, US Cuts Bangladesh "Political Landscape" Funds
In its bit to save US taxpayers' money, the Donald Trump administration's cost-cutting team--Department of Government Efficiency (DOGE)-- has cancelled a slew of overseas projects, including one in Bangladesh that raised several eyebrows.
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Child Sex Abuse Exposed At Malaysian Firm Running Orphanages Worldwide
The organisation is facing allegations of running a cult-like institution that forced followers to work, have multiple children to populate orphanages, and raise donations funding their lavish lifestyles
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Indian Startups Raise $240 Million In A Week, This City Leads In Funding Deals
During the week, 30 Indian startups secured a total of $240.85 million in funding including five growth-stage investments and 20 early-stage rounds. Bengaluru emerged as the leader in startup funding, with 12 deals secured during the week.
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Sam Altman-Backed Startup Raises $425 Million To Build World's 1st Nuclear Fusion Power Plant
With the latest round of funding, Helion has raised over $1 billion in capital since it was founded in 2013.
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The BluSmart (And Gensol) Story: Missing Crores, A Luxury Flat, And EV Cabs
In July 2024 EV cab service BluSmart raised Rs 200 crore in funding from new investors like ex-India cricket team captain MS Dhoni. But, less than a year later, it has shut operations amid Sebi investigation into car leasers Gensol.
-
Mumbai-Based IT Training Firm Jetking to Raise Over Rs. 6 Crore to Fund Bitcoin Acquisition
Jetking CFO Siddharth Bharwani said the company would raise Rs. 6.6 crore by selling 4,28,622 equity shares in compliance with SEBI regulations. Some portion of the collection will also be utilised to initiate Bitcoin-related educational, training, and skill development programmes in India
-
Elon Musk's Social Media Firm X Bought by His AI Company, Valued at $33 Billion
Elon Musk's xAI has acquired X in a deal that values the social media platform at $33 billion (roughly Rs. 2,82,447 crore). Much of the deal's specifics remain unclear, such as how X's leaders would be integrated in the new firm or whether there would be regulatory scrutiny.
-
Nvidia, Musk's xAI to Join Microsoft, BlackRock and MGX to Develop AI Infrastructure
Nvidia and Elon Musk's xAI have joined a consortium backed by Microsoft, investment fund MGX and BlackRock to expand US' AI infrastructure. The consortium renamed itself as AI Infrastructure Partnership on Wednesday.
-
India Ranks 2nd After US In Funding Women-Led Tech Startups: Report
In total, these startups have raised a funding of $26.4 billion, with the highest fund coming in the year 2021 ($6.3 billion).
-
Home-Grown Startup Lumio Announces Foray Into India’s 4K Smart TV Market Backed by Flipkart, Xiaomi Officials
Lumio, a home-grown consumer technology startup from Circuit House Technologies founded by former Xiaomi and Flipkart officials has announced its foray into India’s home entertainment space. The brand says it will soon introduce its range of 4K smart TVs in collaboration with Google, Dixon Technologies, and Amazon India with the aim of changing c...
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"USAID Was Allowed Here In Good Faith": S Jaishankar On Voter Turnout Fund
External Affairs Minister S Jaishankar has raised concerns over information from the US that millions of dollars were sent to India, allegedly to influence elections in India.
-
Trump Questions India Voter Turnout Fund Again, BJP Seeks "Deep State" Probe
The BJP has sought an investigation into alleged US funding of $21 million for voter turnout in India and "kickbacks". The BJP's call for a probe came after US President Donald Trump first raised the issue of the alleged funding.
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"Raises Worries Of Interference In Internal Matters": India On USAID
India said the US Agency for International Development (USAID) $21 million fund for 'voter turnout in India' in 2012, "raises worries of interference in Indian internal matters, and relevant agencies are looking into it."
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Former OpenAI CTO Mira Murati Launches AI Startup, Poaching Staff From ChatGPT Maker
Former OpenAI chief technology officer Mira Murati launched an AI startup called Thinking Machines Lab on Tuesday, with a team of about 30 leading researchers and engineers from competitors including OpenAI, Meta and Mistral.
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"Not An Iota Of Fact": Ex-Poll Body Chief Rejects DOGE's India Funds Claim
Former chief election commissioner SY Quraishi on Sunday rejected a report that US agency funding was used for raising voter turnout in India when he headed the poll body.
-
Amid 'Deep State' Charges, US Cuts Bangladesh "Political Landscape" Funds
In its bit to save US taxpayers' money, the Donald Trump administration's cost-cutting team--Department of Government Efficiency (DOGE)-- has cancelled a slew of overseas projects, including one in Bangladesh that raised several eyebrows.
-
Child Sex Abuse Exposed At Malaysian Firm Running Orphanages Worldwide
The organisation is facing allegations of running a cult-like institution that forced followers to work, have multiple children to populate orphanages, and raise donations funding their lavish lifestyles
-
Indian Startups Raise $240 Million In A Week, This City Leads In Funding Deals
During the week, 30 Indian startups secured a total of $240.85 million in funding including five growth-stage investments and 20 early-stage rounds. Bengaluru emerged as the leader in startup funding, with 12 deals secured during the week.
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Sam Altman-Backed Startup Raises $425 Million To Build World's 1st Nuclear Fusion Power Plant
With the latest round of funding, Helion has raised over $1 billion in capital since it was founded in 2013.
