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IIT Madras Raises INR 513 Cr To Invest In R&D, Tech Deployment

India, May 8 -- The Indian Institute of Technology Madras (IIT Madras) has raised INR 513 Cr from alumni, industry players, and individual donors during the financial year 2023-24 (FY24). The funds r... Read More


IRDAI Imposes INR 1 Cr Penalty On IPO-Bound Go Digit

India, May 8 -- The Insurance Regulatory and Development Authority of India (IRDAI) has imposed a penalty of INR 1 Cr on IPO-bound Go Digit General Insurance for non-disclosure of a change in the conv... Read More


Microsoft Expands Data Centre Footprint In India With Land Parcel Buyout Worth INR 267 Cr

India, May 7 -- Tech giant Microsoft Corporation has bought 48 acres of land in Hyderabad in a transaction valued at INR 267 Cr. According to an ET report, the acquisition of the property was facilit... Read More


BharatRohan Raises $2.3 Mn To Build Agri Drone Solutions; Eyes IPO On NSE Emerge

India, May 7 -- Update | May 7, 3:08 PM The startup told Inc42 that it is preparing for an IPO on NSE Emerge in the coming months. The story has been updated on this basis. Orginal Story | May 7, 14... Read More


BharatRohan Raises $2.3 Mn To Build Agri Drone Solutions; Eyes IPO On BSE SME Platform

India, May 7 -- Gurugram-based agritech startup BharatRohan has raised $2.3 Mn (INR 19.2 Cr) from Villgro Innovation Foundation, Caspian, RevX, and Venture Garage as part of what the company said was ... Read More


After MG And BYD, Leapmotor Eyeing India Entry With Stellantis Partnership

India, May 6 -- Chinese EV maker Leapmotor is looking to enter the Indian market after MG and BYD. Partnering with auto giant Stellantis, which recently bought a 20% stake in its global operations, th... Read More


ICICI Bank Allows UPI For NRIs With Non-Indian Mobile Numbers

India, May 6 -- In another push for the unified payments interface, ICICI Bank has allowed NRI customers to sign up for UPI using international mobile numbers to make payments within India. ICICI Ban... Read More


Zomato Gets Tax Demand Order Of INR 2 Cr

India, May 2 -- Foodtech major Zomato has received a fresh goods and services tax (GST) penalty notice from Delhi's sales tax officer, pertaining to fiscal 2018-19. According to a regulatory filing t... Read More


Leadership Change At Freshworks: Girish Mathrubootham Steps Down As CEO, Dennis Woodside Takes Charge

India, May 2 -- In a major internal rejig, Freshworks' chief executive officer Girish Mathrubootham has stepped down from his role, while the Nasdaq-listed SaaS giant's president Dennis Woodside has b... Read More


'Low Data Maturity Levels' Delaying AI Success For Enterprises: Report

India, May 2 -- Almost 44% of surveyed 2,000 IT leaders feel their organisations are fully prepared to leverage the advantages of AI, according to a report by Hewlett Packard Enterprise (HPE). The st... Read More