India seeks AI solutions from IT firms, startups to reduce power loss

With the use of advanced technologies, power discoms will be well-equipped to make decisions across loss reduction, demand forecasting, differential tariff in a day and renewable energy integration.

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Paytm’s revenue surge gives it more operating leverage: CFO

Paytm operator One97 Communications will continue to work towards reducing its ebitda loss as well as improve contribution margins and revenue from operations, CFO Madhur Deora says.

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Polygon raises $450 million from Sequoia India, others to scale Ethereum

Polygon (Matic), founded by Sandeep Nailwal, Jaynti Kanani and Anurag Arjun, will use the funding from Sequoia Capital India and others to consolidate its lead in the race to scale the Ethereum blockchain.

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SoftBank-led funding more than triples ElasticRun’s valuation to $1.5 billion

Started in 2016 by former Amazon executives Sandeep Deshmukh, Shitiz Bansal and Saurabh Nigam, ElasticRun enables small kiranas across the country to source goods— especially in the FMCG space—from leading brands.

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FourKites acquires supply chain visibility provider NIC-place

The company said that their combined over-the-road, rail and ocean carrier networks create the largest multimodal carrier network in Europe which will bring global shippers an end-to-end global supply chain visibility platform.

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Joe Rogan apologises for using racial slurs

In an apology video posted on Instagram on Saturday, Rogan said it was the "most regretful and shameful thing that I've ever had to talk about publicly." During the video, Rogan said footage that emerged of him using the epithet had been taken out of context, but looked "horrible, even to me."

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Govt may fine tune crypto tax rules; 5G windfall for IT firms

Sources tell us the government may fine tune the tax rules and also widen the definition of “virtual digital asset” to account for rapid changes in this ever-evolving space.

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