SBM Bank India appoints Dipak Agarwal as deputy CEO to head overall business

This move comes at a time when the bank is under scrutiny of the Reserve Bank of India for its fintech partnerships, some of which have bordered regulatory grey zones.

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US denies blocking chip sales to Middle East

This comes after disclosures that Washington had expanded export license requirements for Nvidia and Advanced Micro Devices artificial-intelligence chips.

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Who’s 2023’s model startup founder?

After 15 years of venture capital infusion into companies, who are the likely role models for young, fledgling entrepreneurs in India today?

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US agencies probing Tesla's use of funds for secret 'glass house' for Elon Musk

Earlier reports in July mentioned that Musk once planned a lavish glass house for himself near Tesla headquarters in Austin, Texas, worth millions of dollars.

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China's Baidu rolls out ChatGPT rival to public

China's Baidu rolled out its ChatGPT rival ERNIE Bot to the public on Thursday, in a major leap for the country's tech sector as it aims to cash in on the global artificial intelligence gold rush.

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IT sector drives strong PE interest; Dunzo delays June-July pay yet again

Data shows the number of private equity (PE) firms holding stakes in Indian IT services companies has doubled between 2019 and 2022 as investors eye safe bets, and such companies have demonstrated a tried-and-tested business model and profitability. This and more in today’s ETtech Morning Dispatch.

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DevOps startup Facets.cloud raises $4 million in funding

Facets’ platform streamlines all the cloud deployment processes into one generative internal developer platform.

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