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PB Fintech Q4 Results: Policybazaar parent reports PAT of Rs 64 cr vs loss of Rs 488 crore YoY

The company had recorded a loss of Rs 488 crore in the year-ago period. The consolidated revenue for the reporting quarter stood at Rs 3,438 crore, which was a 34% YoY jump.

Tech & Internet

Paytm market cap nears $2.5 billion as shares continue to tumble

Tech & Internet

Tata begins export of chip samples

Tech & Internet

Brazilian payment co Ebanx set to start India ops with Yes Bank

Brazilian payment co Ebanx set to start India ops with Yes Bank

Log analytics firm Parseable raises $2.75 mn

MS Dhoni-backed EMotorad’s e-cycle gigafactory almost ready

The e-cycle maker's gigafactory is being built in four phases. It will manufacture a range of components including batteries, motors, displays and chargers. The 2,40,000-sq.ft. facility is scheduled to be inaugurated on August 15. The factory, which will become South Asia's biggest integrated e-cycle unit, is set to employ more than 300 people.

Unicorn sightings become rare as VCs shun that leap of faith

Investors are going back to the same list of startups they have already backed to write bigger cheques leading to new unicorn sightings becoming rare. Only Perfios and Ola founder Bhavish Aggarwal’s Krutrim AI have become unicorns so far in 2024, and the number was the same for the whole of 2023.

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Will Wipro's fortunes reverse under a new CEO?

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PB Fintech Q4 Results: Policybazaar parent reports PAT of Rs 64 cr vs loss of Rs 488 crore YoY
The company had recorded a loss of Rs 488 crore in the year-ago period. The consolidated revenue for the reporting quarter stood at Rs 3,438 crore, which was a 34% YoY jump.
Tensions rise in Silicon Valley over sales of startup stocks
Tensions over the shadowy and often enigmatic market of private company stocks have reached a boiling point, just as the buying and selling of such shares has grown bigger than ever. At its center is an age-old debate: Should everyone have access to the riches and risks of investing in Silicon Valley startups?
Palantir raises 2024 forecast on robust AI demand
MS Dhoni-backed EMotorad’s e-cycle gigafactory almost ready

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Paytm market cap nears $2.5 billion; state-run banks turn to GenAI

Paytm market cap nears $2.5 billion; state-run banks turn to GenAI

Paytm’s market capitalisation is down to nearly $2.5 billion after a ninth straight session of declines on the BSE.

07 May, 2024

Unicorn sightings slump; Tata’s chip exports

Unicorn sightings slump; Tata’s chip exports

Happy Tuesday! Despite deal activity in late-stage startups showing signs of a revival, new unicorns aren’t being birthed. This and more in today’s edition of ETtech Morning Dispatch.

07 May, 2024

Paytm stock slides after COO exit; India’s first microcontroller chip

Paytm stock slides after COO exit; India’s first microcontroller chip

Shares of Paytm parent One 97 Communications fell 5% on Monday after its president and chief operating officer Bhavesh Gupta resigned. More on this in today’s ETtech Top 5.

06 May, 2024

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Drone-based agritech startup BharatRohan raises $2 million
BharatRohan, a startup, raised $2.3 million pre-IPO for developing advanced drones for crop monitoring. The fund will expand services nationwide, supporting 50,000 farmers across five states with hyperspectral sensors for precise agricultural insights.
'Livestream' shopping thwarts some high-tech tools to stop fake merch
Livestream shopping in the U.S. faces challenges with counterfeit goods influx. Technology by platforms like TikTok and Amazon aims to combat fakes, yet copyright violations persist in live videos. Patent lawyers emphasize the need for improved detection methods.
Microsoft hit with Spanish startups' complaint about cloud practices
Nintendo to announce Switch successor details this financial year

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Akamai eyes edge computing units in three Indian cities
In a move to expand its global compute business, cloud computing giant Akamai Technologies is eyeing Indian cities like Delhi, Bengaluru, and Hyderabad for potential edge computing facilities by the end of the year, according to their CEO Tom Leighton.
- America's tech industry cannot survive without Indians: SVC Chamber of Commerce CEO
- Eye on AI: AI boosts growth for cloud giants, US newspapers sue Microsoft, OpenAI
  In the January-toMarch quarter, Amazon’s cloud computing arm Amazon Web Services, Microsoft’s Azure and Google Cloud grew at 17%, 31% and 28%, respectively, the companies reported. Analysts said this was a sign that AI is contributing to the growth and that overall cloud spending is also accelerating, Reuters reported. On the other hand, Meta CEO Mark Zuckerberg in its earnings call emphasised the company’s longterm investment in AI, which led to its shares sinking by 19% on Wednesday, wiping out over $200 billion in market capitalisation.
- AI has hit human-level performance on some parameters: Stanford report
  Here's a summary of the noteworthy insights from the 'AI Index 2023' report by the Stanford Institute for Human-Centered Artificial Intelligence.
- Paytm COO & president Bhavesh Gupta resigns; to take on advisory role

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