ChrysCapital, others in talks to take Dhan to unicorn club with $100-150 million funding

Stock trading platform Dhan is negotiating with ChrysCapital for funding that could increase its valuation to over $1 billion, helping it expand into financial services and compete with rivals like Groww and Zerodha.

from Tech-Economic Times
via IFTTT

DeepSeek’s rise proves disruption no longer reserved for richest players: Niti Aayog paper

NITI Aayog’s paper highlights China’s DeepSeek as a disruptive AI leader, urging India to seize the opportunity for innovation and ethical AI development, positioning itself as a global AI disruptor and advocate for responsible AI.

from Tech-Economic Times
via IFTTT

French President Emmanuel Macron says AI should not be 'Wild West'

Development of artificial intelligence (AI) should not be an unregulated "Wild West", French President Emmanuel Macron said Friday ahead of a global summit on the technology in Paris. "AI can't be the Wild West," Macron told French regional newspapers including Ouest-France and Le Parisien in advance of the gathering of global political and tech industry leaders on Monday and Tuesday.

from Tech-Economic Times
via IFTTT

Flipkart’s fast lane frenzy; Zomato’s going Eternal

Happy Friday! Flipkart is doubling down on its quick commerce play ahead of its flagship Big Billion Days event. This and more in today’s ETtech Morning Dispatch.

from Tech-Economic Times
via IFTTT

Perfios acquires fraud detection platform Clari5

Perfios acquired fraud detection platform Clari5 to enhance its fraud management capabilities. Clari5, with 200 employees, becomes a Perfios subsidiary. This acquisition strengthens Perfios' product offering and expands its global presence in the banking sector.

from Tech-Economic Times
via IFTTT

Flipkart Minutes eyes 550 dark stores before ‘Big Billion Days'

Flipkart plans to expand its quick commerce segment by launching 500-550 dark stores before its Big Billion Days sale, aiming to challenge rivals like Blinkit, Zepto, and Swiggy Instamart, with a goal of 300 stores by March 2025.

from Tech-Economic Times
via IFTTT

Infosys to roll out annual hike letters before end of March

“Those falling at and below job level five (JL5) will receive hikes with effect from January 1 and those at job level six (JL6) and above will get the revised pay from April 1,” chief human resources officer Shaji Mathew told employees in a townhall at the Infosys campus in Bengaluru, the people said.

from Tech-Economic Times
via IFTTT