Paytm board to consider share buyback at Dec 13 meeting

Paytm, said its board of directors will meet on December 13 to consider a proposal for a buyback of its shares.

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EV financing startup Vidyut Tech raises $4 million in equity and debt funding

Following the funding, Vidyut Tech aims to partner with more EV makers and expand to more geographies. It will also double the headcount of its credit, engineering, and sales teams.

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Central bank digital currency will be as anonymous as the currency note: RBI

The central bank digital currency CBDC will be as anonymous as the currency note and would have all the relevant laws applicable to currency would be applicable to the digital currency, the central bank said on Wednesday. Deputy governor T Rabi Sankar said that the regulator is looking at a technological solution to offer anonymity.

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Tech majors, MNCs go slow on office expansion plans

Commercial realtors said IT and ITeS firms had failed to ramp up headcounts in the offices with fewer than 30% of the employees working from offices, except for those providing services to the banking, financial services and insurance sector.

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Indian GCCs to add 3.64 million jobs over next 12 months

GCCs are client owned and operated delivery centres providing critical technology for multinational companies.

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Startup funding falls 35% in 2022, says Tracxn report

Retail and fintech sectors witnessed a fall of 57% and 41%, respectively, in amounts of funds raised in 2022, according to Tracxn’s India Tech 2022 annual report. Yet, these two sectors alongside enterprise applications remained top fundraisers during the year.

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US lawmakers ease planned curbs on Chinese chips amid corporate pushback

The move is the latest example of industry's efforts to weaken proposals aimed at crimping China's burgeoning tech sector, by pointing out how such measures will raise costs.

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