india - CybAI news

09 Aug

Ola Electric Jumps 11% After India’s Biggest IPO in Two Years

stp2y0 CommentsRAG modelsBANK OF AMERICA CORP, BOB CAPITAL MARKETS LTD, electric vehicles, india, IPOs, LIFE INSURANCE CORPORATION, Markets, Mumbai, SOFTBANK GROUP CORP, Technology, TIGER GLOBAL MANAGEMENT LLC, Valuation

Ola Electric Mobility Ltd.’s shares surged in their Mumbai debut on Friday, backed by strong investor demand amid growing adoption for electric vehicles in the country. Source link lol

08 Aug

SoftBank-Backed Billionaire to Double Fortune on E-Scooter IPO

stp2y0 CommentsRAG modelsBhavish Aggarwal, Billionaires, cities, Elon Reeve Musk, india, IPOs, Mumbai, Pune, social media, Technology, Wealth

Just two years ago, Bhavish Aggarwal was facing one of his biggest tests. A video on social media showed an Ola Electric Mobility Ltd. vehicle bursting into flames in the Indian city of Pune, raising doubts about whether his bet on the world’s biggest e-scooter factory would ultimately pay off.The outspoken founder, who’s drawn parallels to Elon Musk, bounced back. Now, the company’s public listing is set to cement his position as one of the world’s youngest billionaires. Source link lol

07 Aug

Adanis Rejig Digital Strategy as SuperApp Struggles for Traction

stp2y0 CommentsRAG modelsALIBABA GROUP HOLDING-SP ADR, apps, E-commerce, Gautam Shantilal Adani, india, Jeet Adani, smartphone, TATA GROUP, Technology, TENCENT HOLDINGS LTD, travel

Adani Group is reworking its digital strategy that includes bolstering online payment through partnerships as Gautam Adani’s conglomerate looks to make its superapp an essential part of Indians’ lives.Adani One, with a user base of 30 million as of March 31, will widen its offerings to be more than just a travel app, Jeet Adani, the younger son of the billionaire-patriarch who is overseeing the group’s digital plans, told Bloomberg Television as part of a special package, Inside Adani. The platform was rolled out in December 2022, mostly for booking flights, hotels and services at the 7 airports operated by…

07 Aug

Byju’s US Judge Rejects Effort to Stop Payment to India Cricket

stp2y0 CommentsRAG modelsALPHA INC, Byju Raveendran, BYJU'S ALPHA INC, Debt, Delaware, india, industries, law, Markets, Sheron Korpus, startups, Technology

A US judge refused to block a debt payment designed to free Byju’s from an insolvency case in India, telling American lenders to take their complaints about the transaction to a court in the home country of the educational tech firm.US Bankruptcy Judge Brendan Shannon rejected a lender request to block Riju Ravindran, brother of Byju’s founder, from paying more than $19 million to India’s governing board for cricket. A deal to clear the debt enabled Byju’s to win dismissal of an insolvency case in front of a judicial tribunal in India. Source link lol

06 Aug

Amazon’s India Country Chief Is Stepping Down in October

stp2y0 CommentsRAG modelsAMAZON.COM INC, Asia, Dhiraj Singh, E-commerce, Emerging Markets, india, Jeff Bezos, Manish Tiwary, North America, retail, Technology

Amazon.com Inc.’s India chief is leaving “to pursue an opportunity outside of the company,” the e-commerce giant said. Manish Tiwary will depart in October, a spokesperson said in an emailed statement that didn’t name a successor. Amit Agarwal, who led Amazon’s initial push into India and now runs the company’s emerging economies initiative, “will remain closely involved with the Amazon team,” the Seattle-based company said on Tuesday. Source link lol

19 Jun

Netflix Uses ‘Squid Game’ Playbook for Untapped Southeast Asia

stp2y0 CommentsRAG modelsAsia, business, india, Indonesia, MEDIA PARTNERS, Minyoung Kim, NETFLIX INC, screentime, South Korea, Southeast Asia, Technology, Thailand, Video Streaming

Netflix Inc. is ramping up local production in Southeast Asia, aiming to boost its subscriber base in the populous region even as US rivals are pulling back. The world’s largest streaming TV service is increasing the number of titles available and the number of shows it produces in the region in an effort to reach more viewers, Minyoung Kim, vice president of content for Asia excluding India, said at a company event in Jakarta. Source link lol

20 May

Indian Voters Are Being Bombarded With Millions of Deepfakes. Political Candidates Approve

stp2y0 CommentsGenAIartificial intelligence, deepfakes, elections, india, longreads, politics

On a stifling April afternoon in Ajmer, in the Indian state of Rajasthan, local politician Shakti Singh Rathore sat down in front of a greenscreen to shoot a short video. He looked nervous. It was his first time being cloned.Wearing a crisp white shirt and a ceremonial saffron scarf bearing a lotus flower—the logo of the BJP, the country’s ruling party—Rathore pressed his palms together and greeted his audience in Hindi. “Namashkar,” he began. “To all my brothers—”Before he could continue, the director of the shoot walked into the frame. Divyendra Singh Jadoun, a 31-year-old with a bald head and…