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Why are Indian Startups imploding?

Indian startups have soaked up so much talent — and attention — that it is hard to imagine the sector will stay depressed forever. Even so, there are at least three lessons that we in India can learn from this downturn. First, we shouldn’t minimize the importance of remaining attractive to global risk capital. When global finance looks elsewhere, smart and ambitious Indian companies are left with far fewer options.

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IBM to pause hiring in plan to replace 7,800 jobs with AI

Hiring specifically in back-office functions such as human resources will be suspended or slowed, Krishna said.

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Chasm grows between Indian startups & internet body IAMAI; IT firms look to boost utilisation levels for better margins

Indian internet firms have given internet body IAMAI a thumbs-down, alleging that it has favoured Big Tech companies on multiple issues. This and more in today’s ETtech Morning Dispatch.

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Entrepreneurs flag lack of ‘credence’ as IAMAI not representing their interests, favouring Big Tech

This signals a deepening of the chasm between the interests of global internet majors such as Google and Facebook and that of the local startups over issues ranging from pricing policies to digital regulations.

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Ex-OpenSea employee made ‘free money’ off NFTs, prosecutor says

The charges against Nathaniel Chastain, a former OpenSea product manager, were the first in a series of high-profile cases related to digital assets launched by the US Attorney's office in Manhattan last year.

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PhysicsWallah rolls out 50 offline centres; to offer scholarships worth Rs 160 crore

Vidyapeeth is a tech-integrated offline classroom comprising 650 smart classrooms. The edtech unicorn is already running 11 Vidyapeeth centers in various cities across the country.

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India blocks 14 apps in Jammu and Kashmir for spreading terror

These mobile applications were reportedly used by terrorists in Kashmir to communicate with their supporters and on-ground workers (OGW). With the help of other intelligence agencies operating in the valley, a list of such apps was prepared that pose a threat to national security and do not follow Indian laws. After getting the list prepared, the concerned Ministry was informed of the request to ban these mobile applications.

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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...