Happy Monday! Mithun Sacheti hit it big on Saturday when he sold his 27% stake in online jewellery marketplace CaratLane to Titan. The Rs 4,621 crore deal is among the largest for any Indian consumer internet company. Hear all about it from Sacheti himself in today’s super packed edition of the ETtech Morning Dispatch.
The Bengaluru-based fund plans to invest between $250,000 and $1.25 million in startups across consumer internet, software-as-a-service, fintech and deeptech.
DPB is a crucial element of the new privacy law and will act as a data regulator. It will inquire into privacy breaches and impose penalties as provided under the Act, among other mandates.
Chip-maker Intel is laying off at least 140 more employees in the US to reduce costs -- 89 employees at its Folsom R&D campus and 51 in San Jose, California.
The Indian Commerce and Industry Ministry's proposed national e-commerce policy is in its final stages, according to a government official. A broad level of consensus has been reached among concerned stakeholders on the proposed policy. The DPIIT is also working on a national retail trade policy.
Suspected North Korean hackers have targeted a joint US-South Korea military exercise being held this week though classified information has not been compromised, South Korean police said on Sunday.
Billions of dollars are flowing into a clutch of specialist companies hunting for treatments for some of the most debilitating ailments.