Author: saranya
Tech giant’s farm boundary identification system aims to transform agricultural financing and insurance, creating new opportunities for Tamil Nadu agritech startupsIn a significant development for India’s agricultural technology landscape, Google DeepMind has announced the creation of a comprehensive digital agriculture stack that utilizes satellite imagery to identify farm boundaries. The initiative, which draws inspiration from India’s Aadhaar identification system, has the potential to revolutionize how agricultural subsidies, insurance, and loans are distributed across the country.Manish Gupta, a senior director at Google DeepMind, revealed the project during his address at the Mumbai Tech Week on Saturday. “We have built the first…
Insurance tech giant sees fourth consecutive day of decline after hinting at possible entry into healthcare space, raising concerns among Tamil Nadu’s growing insurtech communityChennai, September 26, 2024 – Shares of PB Fintech, the parent company of insurance marketplace PolicyBazaar, fell sharply by 5.49% on Thursday, hitting an intraday low of Rs 1,628 per share. The decline comes amid investor uncertainty following the company’s disclosure that it may venture into the healthcare sector, a move that has sparked discussions within Tamil Nadu’s burgeoning fintech and insurtech communities.The stock has been on a downward trajectory for the past four consecutive trading…
AI Company aims to provide premium search features at no cost to Indian students, partnering with local payment platforms to expand accessibilityCHENNAI, February 28, 2025 – Conversational artificial intelligence platform Perplexity announced plans to roll out the pro version of its AI platform free of charge for students across India, a move that could significantly impact education technology adoption in the Tamil Nadu startup ecosystem.During an online session with Paytm founder and CEO Vijay Shekhar Sharma, Perplexity Co-founder and CEO Aravind Srinivas revealed that the company has set an ambitious goal to ensure no student should have to pay for…
Leadership reshuffle sees Naveen Kukreja transition to Group President role after 11-year tenure, as PB Fintech positions for expansion in savings and pension marketsCHENNAI, Feb 28, 2025 — PB Fintech Ltd, the parent company of financial marketplace giants Policybazaar and Paisabazaar, has announced a significant leadership restructuring, with Santosh Agarwal set to take over as the new Chief Executive Officer of Paisabazaar effective March 1, 2025. The appointment comes as Naveen Kukreja steps down from the CEO position after leading the company for 11 years, though he will remain involved with the organization in new capacities.The leadership changes, disclosed through…
Major Selloff Pressure Hits EV Giant as 182 Million Shares Become Eligible for Trading in Market, Raising Concerns for Tamil Nadu’s Manufacturing HubThe shares of Ola Electric Mobility Ltd., one of Tamil Nadu’s flagship electric vehicle manufacturers, plummeted over 9% on Thursday, hitting a 52-week low of Rs 73.70 on the BSE. This significant drop pushed the company’s stock below its initial public offering (IPO) price of Rs 76, coinciding with the expiration of a crucial three-month lock-in period.The end of this lock-in period means approximately 18.2 crore (182 million) shares, representing 4% of the company’s total equity, are now…
Major nationwide operation targets one of India’s largest cryptocurrency Ponzi schemes, with potential implications for Tamil Nadu’s crypto startupsThe Central Bureau of Investigation (CBI) has conducted extensive searches across more than 60 locations nationwide as part of its ongoing investigation into the GainBitcoin scam, resulting in the seizure of cryptocurrencies valued at nearly Rs 24 crore along with significant digital evidence. The operation, spanning cities including Chennai, Bengaluru, Delhi, Mumbai, and Pune, marks a critical development in one of India’s largest cryptocurrency fraud cases.CBI officials revealed that the two-day operation yielded cryptocurrencies worth Rs 23.94 crore, multiple hardware crypto wallets,…
The strategic partnership aims to revolutionize information access for millions of users, with potential ripple effects for Tamil Nadu’s growing AI ecosystemCHENNAI, February 27, 2025 – In a significant move that could reshape how Indians access financial information, leading digital payments platform Paytm has announced a strategic partnership with artificial intelligence startup Perplexity to integrate AI-powered search capabilities into its mobile application. The collaboration, announced today, aims to enhance financial literacy and accessibility for Paytm’s vast user base across India, including Tamil Nadu’s rapidly growing digital consumer market.The integration will enable Paytm’s users to leverage Perplexity’s advanced AI search technology…
Nationwide operation targets key suspects in one of India’s largest cryptocurrency frauds, with significant implications for Tamil Nadu’s digital economyCHENNAI, February 26, 2025 – The Central Bureau of Investigation (CBI) conducted coordinated searches at 60 locations across India on Tuesday as part of its probe into the Rs 6,600 crore GainBitcoin cryptocurrency scam, officials confirmed. The massive operation spans multiple cities including Delhi NCR, Pune, Chandigarh, Nanded, Kolhapur, and Bengaluru, targeting premises allegedly linked to key accused individuals.The searches mark a significant escalation in the investigation of what has become one of India’s largest cryptocurrency fraud cases, with several investors…
Chennai-based startup strengthens position in enterprise HR solutions market with backing from tech giant and India’s largest public sector bankIn a significant development for India’s HR technology sector, Hyderabad-based Darwinbox has secured an undisclosed investment from tech giant Microsoft and State Bank of India (SBI) in the last quarter. This strategic funding not only bolsters Darwinbox’s unicorn status but also signals growing investor confidence in enterprise-focused SaaS solutions emerging from South India’s expanding tech corridor.The investment extends an already established collaboration between Microsoft and the HR-tech startup to develop advanced employee management software tools for enterprise clients. These solutions will…
Walmart-backed digital payments giant plans domestic listing, signaling confidence in Indian markets and potentially creating ripple effects for Tamil Nadu’s growing fintech hubCHENNAI, February 26, 2025 – PhonePe, the digital payments behemoth that is part of the Walmart Inc-controlled Flipkart group, is preparing to go public with an initial public offering (IPO) that could value the company at $8-10 billion, according to investment banking sources. The move comes as the company looks to expand its financial services portfolio and strengthen its core United Payments Interface (UPI)-based operations.Sources close to the matter revealed on Wednesday that PhonePe will soon engage with…