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US Banking crisis may hit Indian IT firms; Spotify India’s ad revenue push

Analysts expect revenues of Indian IT majors like Tata Consultancy Services and Infosys getting adversely impacted due to the ongoing crisis among US regional banks. This and more in today’s ETtech Morning Dispatch.

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Ola Electric kicks off $250-300 million fundraise plan

The company is expecting an up round that may see it valued at $6.5-7 billion, based on the expectation of turning ebitda positive from FY24. ​​​That will make it the most valuable electric two-wheeler company in the country, even exceeding legacy peers such as Hero Motocorp and TVS Motor.

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WazirX blocked 2,431 accounts in past six months

​​​During the October-March duration, the cryptocurrency exchange received 431 requests from law enforcement agencies, against a total transaction volume of $390 million on the platform.

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FAME II subsidies for two EV makers stopped until they submit proof of localisation

“After examination of reports in respect of two OEMs, the models of these two OEMs have been suspended from the FAME (Faster Adoption and Manufacturing of Electric and Hybrid Vehicles) scheme,” minister of state for heavy industries Krishan Pal Gurjar said in a written response to a question raised in the Lok Sabha.

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Google suspends Chinese ecommerce app Pinduoduo after finding malware in versions

The Mountain View-based company said on Tuesday it has found versions of the app, offering PDD Holdings Inc.’s flagship e-commerce service, to contain malware.

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Content moderators sue Meta over alleged 'union-busting' in Kenya

The 43 applicants say they lost their jobs with Sama, a Kenya-based firm contracted to moderate Facebook content, for organising a union.

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Google denies destroying 'chat' evidence in US antitrust lawsuit

The Justice Department last month alleged Google failed to preserve certain internal corporate "chat" communications.

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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...