Latin American fintech Clara eyes $100 million in international transactions by year-end

The service, which allows clients to pay bills in major foreign currencies, will launch first in Mexico, where Clara was founded, the company told Reuters in a statement on Monday.

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CaratLane’s Mithun Sacheti on glittering Titan deal; Zerodha expects steady revenue in FY24; and FirstCry closes secondary deal

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.

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Veda VC announces first close of $30 million fund

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.

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Will notify Data Protection Board, rules soon: MoS IT Rajeev Chandrasekhar

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.

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Intel makes fresh job cuts, at least 140 laid off in US

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.

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National e-commerce policy in final stages; to be presented before top-level: official

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.

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North Korean hackers target US-South Korea military drills, police say

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.

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