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EV companies meet officials to explain FAME-II mispricing allegations

Govt may pull the plug on EV subsidy scheme even as industry seeks an extension.

from Tech-Economic Times https://ift.tt/XC7TzKy

Silicon Valley Bank collapse: More than 400 VC funds issue statement supporting SVB

The VC firms that co-signed the statement include Accel, Y Combinator, Sequoia Capital, General Catalyst and Matrix Partners, among others.

from Tech-Economic Times https://ift.tt/oeED2K9

Y Combinator sends petition to US government; seeks relief, attention over SVB crisis

The petition, written by Y Combinator president Garry Tan, has been signed by over 3,500 CEOs and founders. The signatories also include almost two dozen startups with a base in India.

from Tech-Economic Times https://ift.tt/iXxJI3M

Silicon Valley Bank collapse: top developments so far

Silicon Valley Bank (SVB) — a prominent tech-focused bank managing funds of close to about 40% of US startups — was shut down by a California regulator triggering panic within the startup ecosystem.

from Tech-Economic Times https://ift.tt/Xhvm6u0

Worry for tech startups after Silicon Valley Bank failure

The company previously boasted that "nearly half" of technology and life science companies that had US funding banked with them, leading many to worry about the possible ripple effects of its collapse.

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As Silicon Valley Bank crash hits home investors, fintechs help cash-crunched Indian startups

Look to ease working capital freeze with emergency services for small, mid-stage firms

from Tech-Economic Times https://ift.tt/o6HciKt

Meta to end news access for Canadians if Online News Act becomes law

The "Online News Act," or House of Commons bill C-18, introduced in April last year laid out rules to force platforms like Meta and Alphabet Inc.'s Google to negotiate commercial deals and pay news publishers for their content.

from Tech-Economic Times https://ift.tt/sUvIr82

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...