Welcome to the world of facts and news

ED raids Razorpay, Paytm, Cashfree in Chinese loan apps case

The Enforcement Directorate Saturday said it is conducting raids at Bengaluru premises of online payment gateways like Razorpay, Paytm and Cashfree as part of an ongoing probe against "illegal" instant smartphone-based loans "controlled" by Chinese persons. The searches were launched Friday at six premises in Karnataka's capital city, it said in a statement.

from Tech-Economic Times https://ift.tt/vt2OFQU

Bollywood actor Ranveer Singh invests in beauty startup Sugar Cosmetics

Sugar expects the partnership with Ranveer Singh will cement its position as a fan favourite and create new pathways for customer acquisition, particularly with the Gen Z and millennial audiences in India.

from Tech-Economic Times https://ift.tt/pN3j1d5

We are seeing a great reset; IPO activity down to two-decade low: Flipkart CEO

From plummeting revenue multiples on the NASDAQ to a fall in IPOs, no category has been spared, he said.

from Tech-Economic Times https://ift.tt/K4HcAp3

US begins antitrust review of Amazon's takeover of vacuum maker iRobot

The US anti-trust body's iRobot review is wide-ranging and would include both head-to-head competition and whether the deal would illegally boost Amazon's market share in both the connected device market and the retail market in general.

from Tech-Economic Times https://ift.tt/6RzI4og

Audio has resonated well with southern audiences: Twitter

Be it the loyal fandoms that are extremely active for south Indian actors, musicians and sportspersons, Twitter said the South had seen massive growth.

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

Joe Biden's curbs on chips to China part of broader effort

The US notice to chipmakers could cripple Chinese firms' ability to carry out advanced work like image recognition and hamper Nvidia's business in the country.

from Tech-Economic Times https://ift.tt/dnlR8rg

Twitter defiant to laws of the land: Centre tells Karnataka HC

Twitter has challenged the many blocking directions issued to it, including 39 URLs. Twitter in its petition in June had claimed that freedom of speech is affected by the takedown notices of the government. The originators of the content on its platform were not issued noticed before their content was asked to be taken down.

from Tech-Economic Times https://ift.tt/xchRa0e

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...