Welcome to the world of facts and news

Pine Labs in talks to acquire API infrastructure startup Setu

Setu’s technology stack is expected to help Pine Labs overhaul and refine its financial data infrastructure at a time when it is actively eyeing India’s digital lending space.

from Tech-Economic Times https://ift.tt/2DpV3UWFJ

Headout bags $30 million in funding led by Glade Brook Capital

Headout said it will use the funds to accelerate its journey to $1 billion in annual sales by expanding to 500 cities in the next 24 months, to launch new verticals for domestic short-haul travel and build the next generation of technology products.

from Tech-Economic Times https://ift.tt/Z9K4nlsz3

Cryptic no more: Cryptocurrencies, CBDC may get to coexist

Globally, central banks have been exploring CBDCs since 2019, but only China has taken the plunge. But, unlike China which has clamped down on trading and mining of cryptocurrencies, India has paved the way for both.

from Tech-Economic Times https://ift.tt/41sVqnU0t

Crypto’s bittersweet breakthrough, and other Budget 2022 highlights

While some in the crypto industry believe official recognition will bring in millions of users, including institutional investors who have been on the fence so far, others say the high tax rate could deter traders and cause them to flee Indian crypto exchanges.

from Tech-Economic Times https://ift.tt/BCU7uL46H

ETtech Opinion: Digital-first mindset steers education reforms

There has been a substantial increase in allocation towards education in this budget, with many policy announcements that will make learning more accessible, equitable and affordable in India.

from Tech-Economic Times https://ift.tt/NGrYH0ouJ

Budget 2022: Clarity needed on duty changes in electronic components

Industry body ELCINA or Electronic Industries Association of India said that there is a larger promise in the Budget for the sector.

from Tech-Economic Times https://ift.tt/d8QRNthYW

Budget 2022: Govt’s digital push to drive big business for startups and tech firms

Experts pointed out that the government's digital push would in turn lead to more IT and technology projects being awarded, benefiting Indian and global technology companies.

from Tech-Economic Times https://ift.tt/LRcgW8ONs

Yellow.ai deploys 30% of global generative AI bots domestically

While markets like the US are mostly using GenAI for customer support in a bid to cut costs, India Inc. is using them as an opportunity to g...