Bengaluru-based Nestaway's co-founder Amarendra Sahu has filed an First Information Report (FIR) alleging fraud, cheating, forgery of documents and criminal intimidation against Tiger Global, Chiratae Ventures and Goldman Sachs, in a rare instance of a startup founder filing a criminal complaint against its investors. The investors have approached the Orissa High Court, seeking to quash the FIR filed in September last year with the Bhubaneswar Police. The next hearing of the matter is scheduled for January 9.
Shares of Bajaj Finance surged over 6 per cent on Thursday after the diversified non-banking finance company reported an 18 per cent increase in consolidated net profit to Rs 4,308 crore for the December quarter. The stock rallied 6.33 per cent intraday to touch Rs 8,249.95 - a 52-week high -- on the BSE.
Several FIITJEE centres in Delhi-NCR have abruptly shut down, leaving students and parents who paid lakhs of rupees in fees in a difficult situation. The closures are attributed to non-payment of salaries for months, leading to teachers resigning and joining other coaching institutes. FIRs have been registered against two FIITJEE centres in Noida and Ghaziabad, highlighting allegations of criminal conspiracy and breach of trust. Parents are concerned about their children's academic future and are seeking answers and solutions from FIITJEE.
He said that as compared to global models costing 2.5 to 3 US dollars per hour usage, India's AI model will cost less than less than Rs 100 per hour (1.16 US dollars per hour) after 40 percent government subsidy.
Flipkart-backed super.money is on an expansion spree and plans to expand its range of offerings in credit and wealth management after launching its operations in July this year. The Bengaluru-based fintech company is on track to roll out credit products such as credit on Unified Payments Interface (UPI), unsecured credit cards, and personal loans within the first half of the next calendar year (2025).
The clubs have agreed to pay 50 per cent to Sony to cover the broadcast cost, apart from the Rs 7 lakh entry fee.
A 39-year-old software engineer in Bengaluru lost Rs 11.8 crore to fraudsters who impersonated police officials and claimed his Aadhaar card was being misused for money laundering. The victim was threatened with "digital arrest" and tricked into transferring money to various bank accounts over a period of time, believing his family would be arrested if he didn't comply. The fraud occurred between November 25 and December 12, and police have registered a case under the IT Act and relevant sections of the Bharatiya Nyaya Sanhita (BNS) for cheating and cheating by impersonation. Further investigation is underway.
"The Congress government and the chief minister should tell the people of Chhattisgarh what link they have with the accused in this scam sitting in Dubai," he said.
The Congress alleged that the claims made by the ED against Baghel are part of a "conspiracy" hatched by the BJP to tarnish the Chhattisgarh chief minister's image and asserted that the people of the state would give a befitting reply to such tactics in the upcoming Assembly poll.
Online food delivery platform Zomato will acquire Paytm's entertainment ticketing business for Rs 2,048 crore to strengthen its "going-out" segment in a deal that will help the troubled fintech firm to sharpen its focus on core payments and financial services distribution.
Islamist rebels almost took control of the central Syrian city of Homs on Thursday after capturing much of Aleppo, the country's largest city. Tens of thousands of people have been fleeing Homs.
While several international films and Web series on the OTT have explored the dangers of AI, it's interesting to see a desi take on it, believes Divya Nair.
Food delivery and quick commerce (qcom) service application (app), Zomato, now commands a market capitalisation (mcap) higher than automobile giants Tata Motors and Bajaj Auto. Zomato, whose shares closed 1.18 per cent lower on Thursday at Rs 288.45 per share, has an mcap of Rs 2.78 trillion, according to BSE data. By comparison, Tata Motors' mcap stood at Rs 2.74 trillion, while Bajaj Auto's was Rs 2.5 trillion on the BSE.
England captain Jos Buttler is confident that the upcoming T20I series against India will not impact their preparation for the Champions Trophy.
With nearly 100 launches and unveils, the Bharat Mobility Global Expo 2025, held in Delhi from January 17 to 22, made one thing clear to automobile enthusiasts: Electric vehicles (EVs) are the way ahead for the Indian auto market for years to come.
Be it a Hindu, Muslim, Sikh, Christian, Parsi, Buddhist or Jain, everyone is welcome at the dargah, Rijiju said.
Front-running is a fraudulent practice where traders exploit advance knowledge of large client orders for personal profit.
The top 10 films of the year may not be great by themselves but they stand out amidst the other OTT releases.
Aditya Mhatre shares some practical and actionable tips to save money and focus on what matters most when you are studying abroad
The Congress on Wednesday criticized the Centre and the Uttar Pradesh government for a stampede at the Sangam during the Maha Kumbh, blaming mismanagement and a focus on VIP movement instead of common devotees for the tragic incident. Rahul Gandhi called for reining in "VIP culture" and improving arrangements for devotees. Congress leaders expressed condolences to the families of the deceased and demanded action to prevent such incidents in the future.
Police in Budaun, Uttar Pradesh, have filed a case against Public Works Department (PWD) officials and Google Maps in connection with the deaths of three men whose car fell into a river from a partially constructed bridge while following directions on the navigation app. The car was led by Google Maps onto an unsafe route, according to police. An FIR was filed against four PWD engineers, and the regional officer of Google Maps is also being investigated.
As Google evaluates its response to two recent penalties slapped by the Competition Commission of India (CCI), here is a look at the app economy. Apps are bread and butter for mobile operating systems. India ranks second in the number of mobile downloads, with nearly 27 billion downloads in 2021, according to Deloitte. Accounting for 11.6 per cent of global app downloads, the Indian smartphone user spends over 4 hours a day on apps.
The National Payments Corporation of India (NPCI) has granted approval to Paytm to onboard new UPI users, subject to the adherence to all procedural guidelines and circulars, according to the company. The move is expected to come as a relief to Paytm, which had suffered a blow following the Reserve Bank of India's restrictions earlier this year on associate company Paytm Payments Bank Limited (PPBL) in onboarding new UPI users on the Paytm app. In March, the NPCI gave approval to Paytm to participate in UPI as a Third-Party Application Provider (TPAP).
A nursing student, along with four friends, staged her own kidnapping in Jhansi to blackmail her family into paying Rs 6 lakh after she lost money in online betting, police said on Thursday.
'India has the maths talent, academic institutions, and research institutions to do the next big thing.'
'I've had a 10-and-a-half year journey behind the camera and people don't know who I am.'
The government will investigate a claim that WhatsApp accessed the microphone of smartphone users while the phone was not in use, Minister of State for Electronics and Information Technology Rajeev Chandrasekhar said on Wednesday.
Santa Claus grooving to a bhangra beat or lip-syncing to a Bhojpuri rendition of 'Jingle Bells', adding in some ha-ha-ha to the classic ho-ho-ho this festive season, are the many amusing, desi versions of Christmas carols.
United States President-elect Donald Trump has invited Chinese President Xi Jinping to attend his January 20 inauguration, CBS News reported citing sources.
'There is simply too much to watch, read and absorb.' 'Just online consumption (news, entertainment, social media) in India was 2.5 hours a day in November 2024.' 'Add TV (just under 4 hours), other media, and the figure is closer to 7 to 8 hours a day for over one-third of Indians,' points out Vanita Kohli Khandekar.
Scrutiny of Google's code of conduct in the Indian Android ecosystem is far from over with several start-ups preparing to appeal against the company's revised policies of service fee on in-app purchases and subscriptions, according to sources in the know. This comes days after the National Company Law Appellate Tribunal (NCLAT) granted partial relief to the tech giant, reversing four of the 10 key non-monetary directives that would have forced Google to allow uninstalling of its pre-installed apps on Android devices. Paytm, BharatMatrimony, and ShareChat are among the start-ups that are likely to file grievances against the tech major for alleged non-compliance with the Competition Commission of India's (CCI's) cease-and-desist order on Play Store policies.
Meta, which owns the popular messaging app, said it has fixed the glitch, and the service was back.
Another threat has been issued to Bollywood actor Salman Khan, with the sender demanding Rs 5 crore on 'behalf of the Lawrence Bishnoi gang', officials said on Friday.
Seizures were made to stop any inducement of voters in Maharashtra, where polling will take place on November 20.
Magnus Carlsen on Monday criticised senior FIDE officials, including its deputy president Viswanathan Anand, for mishandling the dress code violation issue
Facial Recognition Technology will be deployed to counter celebrity-bait scams.
After a disappointing showing in the Test series in Australia recently, the Indian team is eager to make a fresh start in the T20 format.
A young Indian man was arrested in Pakistan after illegally crossing the border to meet a Facebook friend he wanted to marry. However, the woman told police she was not interested in marrying him. The man, Badal Babu, was arrested in the Mandi Bahauddin district of Pakistan's Punjab province on December 28. He had crossed the border to meet his Facebook friend, Sana Rani. Rani, in her statement to police, said she had been friends with Babu for the past two-and-a-half years but was not interested in marrying him. Babu's family has appealed to the Indian government to intervene for his release.
Bollywood actor Salman Khan has allegedly received a death threat again along with a demand of Rs 2 crore following which the Mumbai police have registered a first information report (FIR) against an unidentified person, an official on Wednesday.
A government school principal was arrested in Kota after he allegedly deleted Ganesh Chaturthi greetings posted on the school WhatsApp group, which triggered protests by people of the village, officials said on Sunday.
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