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Ant Financial to transfer 10.3% Paytm stake to Vijay Shekhar Sharma

Vijay Shekhar Sharma, founder and chief executive of Paytm, has entered into a deal with Ant Financial to secure a 10.30% stake in the Indian financial services firm from the Chinese giant, Noida-headquartered company said Monday. The move follows a turnaround at Paytm, which had a lacklustre listing but has improved its finances significantly in […]

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Walmart pays $1.4 billion to buy Tiger Global’s remaining Flipkart stake

Walmart paid $1.4 billion to buy out Tiger Global’s remaining holding of Flipkart shares as the retail giant further expands its stake in the Indian e-commerce startup. The transaction took place in recent days and Tiger Global, which has cashed most of its Flipkart shares earlier, overall made a return of $3.5 billion on an

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Netflix brings password-sharing crackdown to India and every other market

Netflix is bringing password-sharing crackdown to consumers in India and every other market starting today, the global streaming giant said after a limited rollout of the restriction helped the firm sign up nearly 6 million subscribers in the quarter ending June. The streaming giant said it will start to address account sharing between households in

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Shark Tank India falls short on investment pledges

Over a year following the inaugural season of the Indian edition of Shark Tank, the seven esteemed investors made good on less than half of their investment pledges, according to a new analysis, the latest in a series of criticisms for the show. The “sharks” overall invested in only 27 of the 65 investment pledges

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India to launch Chandrayaan-3 moon lander mission on July 14

India will launch its latest moon lander mission Chandrayaan-3, a follow-on almost four years after the crash of its previous iteration in 2019, on July 14, the country’s space agency has announced. The Indian Space Research Organization (ISRO) will launch the next Chandrayaan (Sanskrit for “moon vehicle”) mission using its Launch Vehicle Mark-III from Satish

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Arkam Ventures targets $180 million to tap ‘middle India’ opportunity with second fund

Arkam Ventures is courting its second fund, aiming for $180 million, nearly doubling the size of its maiden fund, as the Indian venture capital firm gears up to double down on the expanding ‘middle India’ opportunity. The firm’s partners said in an interview that they are hopeful to retain support from high-profile international institutional investors

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Amazon plans to invest another $15 billion in India by 2030

Amazon plans to more than double its investment in India in the next seven years, the e-commerce group said, joining a roster of other high-profile American giants ramping up commitment to the South Asian market after meeting with Prime Minister Narendra Modi this week. The e-commerce group has invested about $11 billion in India to

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Musk says looking to bring Tesla and Starlink to India after meeting with PM Modi

Tesla chief executive Elon Musk says the firm is looking to invest in India and bring the electric carmaker to the country “as soon as humanly possible.” Musk said he had a “very good” conversation with Indian Prime Minister Narendra Modi on Tuesday and is hopeful that they will be able to “announce something in

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LockBit claims ransomware attack on pharma giant Granules India

The Russia-linked ransomware group LockBit has claimed responsibility for a cyberattack on Indian pharmaceutical giant Granules India, and published portions of the data it allegedly stole. LockBit’s dark web leak site listed Granules India as one of its latest victims on Wednesday, according to a listing seen by TechCrunch. Granules India has yet to confirm

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India threatened to shut down Twitter and raid employees’ homes, Jack Dorsey says

Jack Dorsey, Twitter’s co-founder, says India — despite its status as the world’s largest democracy — regularly issued requests for the social media giant to remove certain posts and accounts, often accompanying these demands with threats of legal repercussions in cases of noncompliance. “India is one of the countries which had many requests around farmers

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