Meta is paying $900mn for a fifth of Cred, an Indian fintech. The bigger prize is its founder, Kunal Shah, who will now run WhatsApp. Meta has found its next WhatsApp boss the way it now likes to find people: by writing a cheque. On Monday, the company…
Jio Platforms, the digital and telecom arm of Mukesh Ambani’s Reliance Industries, filed its draft red herring prospectus with India’s securities regulator on Friday for what would be the country’s largest initial public offering. The filing covers a f…
At its annual shareholder meeting on Friday, Reliance unveiled two things at once: paperwork for what could be India’s biggest-ever stock-market listing, and a plan to put a Starlink rival into orbit. Jio Platforms, the digital and telecom arm of Mukes…
The company has gone to the Delhi High Court over a block tied to alleged cheating on a national medical-entrance exam, a measure affecting more than 150 million users. Telegram has asked the Delhi High Court to overturn an Indian government order that…
Tata Consultancy Services will book a one-time charge of $70m after the US Supreme Court declined to hear its appeal in a trade-secrets dispute, the Indian IT giant said. The court’s refusal, issued on 15 June, closes the last legal avenue in a case th…
India has temporarily blocked access to Telegram until 22 June, the government said, after concluding that cheating rackets were using the app to defraud candidates sitting a high-stakes medical-entrance re-exam. The order, invoking Section 69A of the …
Adani and Jabil are teaming up to make AI hardware in India. The Adani Group, India’s infrastructure-and-energy conglomerate, and Jabil, the US contract manufacturer, said on Monday they intend to form a strategic alliance to build a vertically integra…
Sarvam, the Bengaluru company building India’s sovereign AI stack, has become the country’s newest AI unicorn. It has raised $234m in the first close of a $300m Series B, at a $1.5bn valuation, led by IT services giant HCLTech, which is putting in $150…
Razorpay, the Bengaluru payments company, has filed draft papers for an initial public offering through India’s confidential route, according to people familiar with the matter. The filing moves one of the country’s larger fintech firms a step closer t…
When the US government ordered Anthropic to shut down Fable 5 and Mythos 5 on 12 June, the export control directive was aimed at restricting foreign nationals from accessing America’s most capable AI. In India, Anthropic’s second-largest market, it lan…