DEVELOPER PLATFORM
JioCinema business head Ferzad Palia to step down
Ferzad Palia, the Business Head of JioCinema, is stepping down from his position after a long tenure at Viacom18. Palia played a crucial role in JioCinema's growth, leading the platform to achieve 20 million paid subscribers and 250 million monthly active users. He will remain with the organization during a transition period to ensure a smooth handover.
Military museums to be soon e-linked to one platform: CDS Gen Chauhan
India is connecting its military museums online. This initiative will create a national platform for virtual tours. The project aims to educate people about India's military history. The platform will link over 40 museums and war memorials. A hybrid model for battlefield tourism is also being adopted. This will include online information and on-site tours.
Zinka Logistics fixes price band of Rs 259-273 Rs 1,100 crore IPO. Check details
Zinka Logistics Solutions, an Indian platform for truck operators, has announced the price band for its upcoming IPO, set at Rs 259-273 per share. The IPO aims to raise Rs 1,114.72 crore, with funds allocated for expansion, technology enhancement, and debt reduction.
Wikipedia faces legal challenge: Is it a publisher or an intermediary?
The government has issued a notice to Wikipedia, questioning its intermediary status and suggesting it should be considered a publisher. This follows complaints about potential bias and inaccuracies on the platform, along with a legal battle with Asian News International (ANI), which accuses Wikipedia of defamation and spreading propaganda.
SaaS-focused agentic AI platform Pulse raises $1.4 million from Endiya Partners, others
The funds will be used to bolster the company’s core team, develop the platform further and advance its purpose-built LLMs and AI agentic capabilities.
Visual robotics platform CynLr raises $10 million in round led by Pavestone, Athera Venture Partners
The funds will be used for expanding the team and supply chain network, as well as advancing hardware and software capabilities to cut costs and improve customer experience. Founded in 2019 by Nikhil Ramaswamy and Gokul NA, the deeptech robotics startup simplifies and eliminates the need for tailored machines to handle objects.
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TPG plans green financing NBFC, looks to invest $1 bn
TPG, a private equity firm, is creating a $2-3 billion green financing platform in India to support the country's transition to cleaner energy sources. The platform will provide a range of financial services, including project finance and working capital, to renewable energy companies and other businesses involved in the green economy.
SaaS major Salesforce India hits $1 billion milestone, expands AI-driven growth
There are over 2 million Salesforce developers in India, making it the second-largest community on the Salesforce platform outside of the US. It has about 13,000 employees in India, having added 3,000 over the past year.
Add IRB Infrastructure Developers, target price Rs 69: HDFC Securities
HDFC Securities suggests adding IRB Infrastructure Developers shares with a target price of Rs 69. Currently, the share price is Rs 53.63. The company reported a decrease in income and a rise in net profit for the latest quarter. Future orders and increased toll growth are expected to improve the outlook.
SMC unveils its 1st mass-production BEV model, the e VITARA
Suzuki unveiled its first mass-production electric vehicle, the e VITARA. Production will commence in India in spring 2025. Sales will begin in Europe, India, and Japan around summer 2025. The e VITARA is Suzuki's first global strategic BEV model. It is based on the concept model eVX. Suzuki aims to achieve carbon neutrality in Europe, India, and Japan.
Cred rolls into insurance space via Garage platform
Garage is a platform where Cred users can track their vehicle spends, pending traffic ‘challans’, and insurance and pollution renewal dates. They can also get assistance in case of roadside breakdown. While vehicle management comes at no cost, Cred is looking to generate revenue from the product through commissions from insurance companies.
Banks seek integration with RBI platform to monitor LRS limits
Banks in India have sought the Reserve Bank's approval for integration with its Centralised Information Management System (CIMS) to enable real-time tracking of limit utilisation under the Liberal Remittance Scheme (LRS). This integration aims to expedite the inclusion of international credit card spending under LRS regulations and ensure seamless tax remittance.
Exam panel recommends digital platform, hybrid model for entrance tests
A seven-member panel recommended a digital exam platform, hybrid testing model, and the development of 1,000 reputed government institutions as testing centres for exam reforms. The panel also suggested multi-level NEET testing and an oversight mechanism for coaching centres. Major revamping of the National Testing Agency and cheating prevention measures are also part of the recommendations.
Venture fund TurboStart launches new platform to connect startups and investors
The initiative aims to support over 30 startups in its initial year, TurboStart Founder and CEO, Ganesh Raju, told ET. “Unlike traditional funds that require high-value investments, TurboStart’s model allows smaller ticket sizes, enabling more investors to participate with multiple transactions with full transparency,” he said.
Meta develops own AI search engine to cut reliance on Google, Bing: reports
The search engine will provide conversational answers to users about current events on Meta AI, the company's chatbot on WhatsApp, Instagram and Facebook, according to the report.
Mid-career roles are emerging in banking and financial services
The accelerated adoption of digital technologies in financial services has increased demand for specialised roles in mid-senior hiring, with competitive salaries and a focus on diverse recruitment from tier 2 cities. Expertise in digital tools, data analytics, and regulatory frameworks remains crucial.
We support farmers by providing access to insights, infrastructure, markets and capital: Yashasvini Kumar, Innoterra
Innotera aims to build India’s first digital B2B marketplace and fulfilment solution based on orchestration and agile trading.
Atomberg’s revenue rises 31% to Rs 848 crore
Atomberg cofounder Sibabrata Das told ET that losses increased over the past two financial years due to fresh employee stock ownership plan (ESOP) grants, management bonuses and fundraising expenses.
SC setback for Byju's: Zomato, Swiggy hike platform fee
The Supreme Court has set aside the NCLAT order that approved a settlement deal between Byju’s and the BCCI. This and more in today’s ETtech Top 5.
Blindfire: What we know about release date, early access, platforms, gameplay and editions
Blindfire, a first-person shooter, was released on October 17, 2024, in Early Access. It is available on Xbox Series X|S and PC.
SC junks plea for regulatory board over OTT platforms, citing concerns on content control
The Supreme Court has dismissed a PIL seeking a regulatory board for OTT and streaming platforms, citing concerns over a Netflix series. The plea argued the series distorted historical events and promoted harmful narratives, urging an autonomous body to monitor such content in India.
VP Jagdeep Dhankhar questions whether the freefall of information that has no factual foundation should be allowed on public platforms
Vice-President Jagdeep Dhankhar emphasized the North-East's contribution to national unity and development, highlighting the success of the Look East and Act East Policy. He stressed the importance of informed youth and skilling for India's progress. Dhankhar lauded Meghalaya's potential for growth through tourism and skilled human resources.
UP government strengthens e-court system, ropes in Sritron India to develop platform
Uttar Pradesh is enhancing the e-court system for industrial dispute resolution. Sritron India Limited is tasked with its development. The platform will register, validate, and track cases. It will also manage hearings, issue notifications, and orders, ensuring efficient resolution. A role-based accessibility feature will manage permissions for court staff, officers, and lawyers.
NPCI International to develop UPI-like real-time payments platform in Trinidad and Tobago
NPCI International Payments Limited has partnered with Trinidad and Tobago's Ministry of Digital Transformation to develop a real-time payments platform similar to India's UPI. This initiative aims to enhance financial inclusion and modernize the country's financial ecosystem, facilitating both person-to-person and person-to-merchant transactions.
Bhaichung Bhutia kicks off India's largest football talent hunt across 50 cities
Football icon Bhaichung Bhutia has launched India's largest-ever football trials to identify and nurture young talent. Covering 50 cities, the trials will feature over 6,000 players aged 9 to 18. Selected players will train at the BBFS Residential Academy, which has a history of producing professional players for the Indian National Team.
AWS says public services platforms adopting its tech to build solutions
“Many of our customers, from small startups to large enterprises, are seeking ways to maximise their cloud investments and minimise waste,” said Amazon’s chief technology officer Werner Vogels.
Fintech firms should focus on creating solutions for problems faced by developing nations: Official
Fintech companies should address the challenges of developing countries, said Mahaveer Singhvi, Joint Secretary for New Emerging and Strategic Technologies at the Ministry of External Affairs. Speaking at the 2024 Global Fintech Fest, he emphasised the importance of cross-border cooperation and focusing on financial inclusion. He highlighted the potential benefits for businesses and diplomatic objectives.
Apple developing $1,000 tabletop robot with iPad-like display for 2026 release
Apple is advancing its development of a high-end tabletop device, combining an iPad-like display with a robotic arm, aiming for a 2026 or 2027 launch. This device, codenamed J595, is intended to serve as a smart home command center, videoconferencing tool, and home security assistant. The project, led by Kevin Lynch, focuses on integrating Siri and AI features. Apple's push into robotics follows the recent discontinuation of its self-driving car project and is part of a broader strategy to explore new revenue streams amidst challenges in existing markets.
Women panchayat representatives, Lakhpati Didis to be special guests at I-Day celebrations
Approximately 400 women representatives from Panchayati Raj Institutions were invited as special guests to the 78th Independence Day event at the Red Fort. The celebration included the recognition of women under the Namo Drone Didi and Lakhpati Didi schemes. The launch of the multi-lingual eGramSwaraj platform further marked the occasion.
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