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Startup

Funding

Entertainment

TikTok’s revamped creator fund to require 10K followers, 100K views

Nidhi Mishra - May 4, 2023

TikTok, the Chinese short-form video platform, has opened its revamped creator fund, called the “Creativity Programme Beta”, to all eligible creators in the US...

Bank

Zomato rises 4%, hits 5-month high; stock surges 28% in one month.

Nidhi Mishra - May 4, 2023

Zomato, the Indian food delivery company, has seen its stock prices rise to a five-month high of Rs 66.05, gaining 4% in intra-day trade...

Business

Microsoft Bing AI Copilot: Multimodal input, plug-ins, and more in the works

Nidhi Mishra - May 4, 2023

Microsoft has announced new features for its AI-powered search engine, Bing, and its browser, Edge. The company is expanding Bing's capabilities by introducing multimodal...

education

Toyota unit funds Japanese startup for ‘flying minitruck’ drone.

Nidhi Mishra - May 4, 2023

Jtekt, a supplier affiliated with Toyota Motor, has announced funding for a venture developing a drone capable of transporting cargo to hard-to-reach areas and...

Business

After Ola, three others repay customers for an ‘off-board charger.’

Nidhi Mishra - May 4, 2023

Four electric two-wheeler manufacturers in India, Ola Electric, Ather Energy, TVS, and Hero MotoCorp's Vida, have agreed to reimburse customers for paying for "off-board...

Business

US Fed decides unanimously to hike key benchmark rates by 25 bps.

Nidhi Mishra - May 4, 2023

On Wednesday, the US Federal Reserve raised interest rates by 25 basis points (25 bps) or 0.25 percent as widely expected and hinted that...

Employment

Fierce war to bag AI talent shifts to India with salaries being doubled

Nidhi Mishra - May 4, 2023

The demand for AI talent is outstripping supply as companies worldwide scramble to hire skilled engineers, data scientists, and machine-learning specialists. India, in particular,...

Bank

Fino Payments Bank’s net profit jumps 25% to Rs 22.08 cr in the March quarter.

Nidhi Mishra - May 3, 2023

Fino Payments Bank has reported a 25% rise in its post-tax net profit for the March 2023 quarter, reaching Rs 22.08 crore ($2.9 million)....

Business

Brookfield buys 51% stake in Bharti Enterprises’ 4 commercial properties

Nidhi Mishra - May 2, 2023

On Monday, Brookfield Asset Management announced the closure of its acquisition of a 51% stake in Bharti Enterprises' four commercial properties, including the Worldmark...

Funding

IPO-bound TVS SCS raises Rs 520 cr from Hero, Bajaj, SBI and others

Nidhi Mishra - May 2, 2023

TVS Supply Chain Solutions (TVS SCS) has raised Rs 520 crore from a group of investors, including Hero Enterprise, Bajaj Holdings, and State Bank...

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