RBI to set up new fintech department to push innovation

In an internal circular, the Reserve Bank of India (RBI) said it decided to set up the fintech department to further focus and facilitate innovation in the Indian fintech sector.

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SaaS solutions form 30% of applications that BITS Pilani's startup accelerator receives

Aritra Guru said that startups going public has also boosted sentiment and that the success stories of startups like Zomato and Nykaa will motivate more students to take up entrepreneurship.

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Tesla Raises Full Self-Driving Software Price to $12,000 in US, CEO Elon Musk Tweets

Tesla CEO Elon Musk tweeted that the electric carmaker will raise the US price of its advanced driver assistant software dubbed Full Self-Driving to $12,000 (roughly Rs. 8.9 lakh) on January 17.

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Reddit taps Morgan Stanley, Goldman Sachs for IPO

Reddit had confidentially filed for ​an IPO in December and is aiming for a valuation of over $15 billion at the time of its flotation. It was valued at $10 billion in a private fundraising round led by Fidelity Management in August.

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CES 2022 Turnout Falls More Than 75 Percent Due to COVID

CES 2022 attendance fell more than 75 percent compared to its previous in-person event two years ago, its organiser said.

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Facebook parent's head of communications John Pinette leaves company

Before joining the social media company, John Pinette led communications for Gates Ventures, the private office and innovation lab of Bill Gates, for five years, was head of Asia Pacific communications for Google

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Andreessen Horowitz raises $9 billion for investments in startups

The money is parked in three new funds, the firm said Friday. More than half sits in a growth fund targeting more mature startups. The rest is distributed between a general venture fund and one specializing in biotech and health.

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