Sarvam AI raises $41 mn led by Lightspeed, largest by an Indian AI startup

Bengaluru (IANS) Indian generative AI startup Sarvam AI on Thursday said it has raised $41 million in its Series A round led by Lightspeed and supported by Peak XV Partners and Vinod Khosla-run Khosla Ventures.

This represents the largest raise…

Dunzo fails to pay Nov salaries to its present employees: Report

New Delhi (IANS) Homegrown quick-grocery delivery provider Dunzo has failed to pay November salaries to its current employees, despite partnering with OneTap, a revenue financing firm, earlier this year, media report said on Thursday.

Earlier…

Govt going for vote on account on Feb 1, no big bang announcements: Sitharaman

New Delhi, Dec 7 (IANS) Finance Minister Nirmala Sitharaman has said that the upcoming Union Budget on February 1, 2024 to be presented in Parliament ahead of the Lok Sabha elections will not be a regular budget but only a vote on account so the government…

India’s EV market can touch $100 bn revenue by 2030 if key issues addressed: Report

New Delhi (IANS) India's electric vehicle (EV) market has the potential to achieve over 40 per cent penetration with $100 billion revenue by 2030, a substantial increase from the current 5 per cent penetration, if the policymakers address some…

Ola Electric's net loss surges to Rs 1,472 cr in FY23 as expenses grow

New Delhi (IANS) Bhavish Aggarwal-driven Ola Electric’s net loss nearly doubled to Rs 1,472 crore in FY23, from Rs 784.1 crore in the previous fiscal year, as expenses surged significantly.

The IPO-bound electric vehicle company reported an…

Nifty at record high, rises for 7th day

New Delhi (IANS) Nifty ended at a record high rising for the seventh consecutive session on Wednesday.

At close, Nifty was up 0.40 per cent or 82.6 points at 20,937.7, says Deepak Jasani, Head of Retail Research, HDFC Securities.

Cash…

Homegrown fintech startup ZestMoney to shut down

New Delhi (IANS) Homegrown digital EMI financing platform ZestMoney, backed by Goldman Sachs, is shutting down operations after several unsuccessful attempts to find a buyer, media reported on Wednesday.

ZestMoney was valued at $445 million…

Small & midcaps outperform Nifty in 2023

New Delhi (IANS) Mid and small caps outperformed largecaps and have risen 36 per cent and 46 per cent, respectively, versus the 11 per cent rise for the Nifty in calendar year 2023, as per a report by Motilal Oswal Financial Services.

Midcaps/Smallcaps…

Government, PSUs, Defence sector witness 14% upsurge in hiring: Report

New Delhi (IANS) The Government, PSU (Public Sector Undertakings), and Defence industries experienced a 14 per cent upsurge in hiring on a month-over-month (MoM) basis in the country, showing the maximum increase in job postings, a new report revealed…

PSU stocks markets to fresh high after BJP wins Assembly polls

New Delhi (IANS) PSU stocks powered a monster rally of over 900 points on Monday to a fresh high after the BJP emerged victorious in the state Assembly polls in Madhya Pradesh, Rajasthan and Chhattisgarh.

BSE Sensex is up 928 points at 68,409…