Licious turning omnichannel with five stores in Bengaluru by June

Licious founders plan 500 stores in 5 years with 6% operating profit margin. Targeting profitability by FY25, focusing on offline strategy. Improved demand forecasting and introduced subscription model for growth.

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Binance's Changpeng Zhao sentenced to four months in prison over money laundering violations

Former Binance CEO Changpeng Zhao ('CZ'), 47, sentenced to four months in prison by U.S. District Judge Richard Jones in Seattle, becoming the second major crypto boss sent to prison.

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US newspapers sue OpenAI for copyright infringement over AI training

New York Daily News, Chicago Tribune, MediaNews Group sue Microsoft, OpenAI for misusing reporters' work. Lawsuit includes Copilot, alleges copying of articles. Ongoing suits by other news outlets. Lawsuits aim for damages and infringement block.

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Paytm Payments Bank’s mobile wallet business hits a nadir

Regulatory actions cripple Paytm Payments Bank's mobile wallet business, leading to a significant decline in transactions and value. Competitors like Mobikwik, PhonePe, Amazon Pay, and Slice experience growth in their wallet businesses.

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CII brings out new corporate governance charter for startups

CII launched a corporate governance charter for startups, including a self-evaluative scorecard. The tool allows startups to measure their governance progress, with score changes indicating improvements in governance practices as assessed against the scorecard from time to time.

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A gruelling IT marathon: FY24 was a turbulent year for the Indian IT sector. What lies in store for the next 12 months?

In the past two weeks of the final quarter and full fiscal 2024 earnings announcements, most IT majors failed to meet their revenue growth guidance. Many downward revisions for the year ahead were seen despite most firms bagging large deals and sitting on an arsenal of historic total contract value (TCV) wins.

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US courts may take note of India’s stance on TikTok: FCC chief Brendan Carr

India's TikTok actions may influence US courts as ByteDance battles the ban. Biden's divestment order, Chew's defense, Carr's skepticism, and First Amendment protection are key. China and India's relevance in potential litigation.

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