[ad_1] One of India’s largest news agencies, Asian News International, has sued OpenAI in a case that could set a precedent for how AI companies use copyrighted news content in the world’s most populous nation. Asian News International filed a suit in the Delhi High Court on Monday, alleging the AI company illegally used its … Read more
[ad_1] Soaring private vehicle ownership and declining use of public and non-motorized transport have created mounting traffic congestion in India, the world’s most populous country, which also struggles with relatively narrower roads and inadequate parking facilities in cities. New Delhi recognizes these challenges and has been exploring new ways to address them quickly. Indian Prime … Read more
[ad_1] Vanguard has revised its valuation of Indian ride-hailing startup Ola to about $2 billion as of the end of August, according to a regulatory filing. A U.S. asset manager’s fund disclosed in a filing that it values its holding in ANI Technologies, the parent firm of Ola, at about $14.3 million, compared to some … Read more
[ad_1] Meesho has become India’s first horizontal e-commerce firm to generate positive cash flow, marking a significant shift in a market where profitability has long remained elusive even as new competitive threats emerge. The SoftBank and Prosus-backed startup, which serves customers in smaller Indian cities and towns, reported positive operating cash flow of ₹232 crores … Read more
[ad_1] Indian fintech startup Slice has completed its merger with North East Small Finance Bank, marking a rare instance of a startup successfully entering India’s tightly regulated banking sector. The merger, first proposed last year, transforms the Bengaluru-based startup into a banking entity, following months of regulatory scrutiny that has reshaped India’s fintech landscape. Slice, … Read more