Author: saranya

Reserve Bank unveils ‘bank.in’ domain and extends Additional Factor Authentication for international transactions, aiming to curb rising digital fraud concerns in India’s financial sectorIn a significant move to strengthen digital banking security, the Reserve Bank of India (RBI) announced on Friday the introduction of a dedicated ‘bank.in’ domain for Indian banks, alongside enhanced authentication measures for international transactions. The initiative, set to launch in April, marks a crucial step in the central bank’s ongoing efforts to combat digital fraud and secure online banking services.RBI Governor Sanjay Malhotra revealed that the exclusive domain would be followed by ‘fin.in’ for the broader…

Bengaluru-based startup aims to revolutionize job placement across India with AI-powered platform supporting 8 regional languages, backed by Khosla Ventures and tech luminariesIn a significant development for India’s blue-collar employment sector, Vahan.ai has successfully raised $10 million in Series B funding, led by prominent Silicon Valley venture capital firm Khosla Ventures. The round saw participation from Y Combinator, Gaingels, and Paytm founder Vijay Shekhar Sharma, marking a strong vote of confidence in the company’s AI-driven approach to solving India’s blue-collar recruitment challenges.The Bengaluru-based startup, founded in 2016, has emerged as a crucial bridge between job seekers and employers, leveraging artificial…

Senior leadership engages with policy groups and industry bodies in Chennai to discuss data governance, AI regulations, and potential collaboration opportunities in Tamil NaduIn a significant development for Tamil Nadu’s growing artificial intelligence ecosystem, OpenAI executives conducted extensive meetings with government officials, technology policy groups, and industry representatives in Chennai on Thursday. The meetings followed CEO Sam Altman’s recent endorsement of India’s AI innovation potential and focused on understanding the country’s evolving regulatory framework for AI and data governance.The closed-door sessions, led by OpenAI’s Vice-President of Engineering Srinivas Narayanan, brought together approximately 25 stakeholders from prominent organizations including Nasscom, The…

Bengaluru-based SaaS startup defies grey market predictions, lists at ₹83 against ₹80 issue price, marking a significant moment for India’s tech IPO landscapeIn a surprising turn of events, Tracxn Technologies, the Bengaluru-based SaaS company specializing in private market intelligence, made its stock market debut with a 3.7% premium over its issue price. The company’s shares opened at ₹83 on the stock exchanges, surpassing the initial grey market predictions that had indicated a discount.The listing comes at a time when Indian stock markets have been experiencing volatility, with the broader markets showing signs of weakness after four consecutive sessions of gains.…

Two key executives, including Chief Product and Technology Officer Jeyandran Venugopal and VP of Ads Sandeep Karwa, announce departures from the e-commerce giant amid ongoing organizational changes.In a significant development that signals continued leadership changes at India’s e-commerce leader, Flipkart has announced the departure of two senior executives. Jeyandran Venugopal, the company’s Chief Product and Technology Officer (CPTO), and Sandeep Karwa, Vice President of the Ads platform, are stepping down from their respective roles, marking another major leadership transition for the Walmart-owned company.Venugopal, who served over six years at Flipkart and previously spent two years at Myntra-Jabong, will transition out…

In a significant shift from his previous skepticism, OpenAI CEO Sam Altman now endorses India’s capacity to lead the global AI revolution, citing exponential market growth and innovation potential.In a remarkable turnaround that has caught the attention of India’s tech ecosystem, OpenAI CEO Sam Altman has dramatically shifted his stance on India’s artificial intelligence capabilities. Speaking during a fireside chat with IT Minister Ashwini Vaishnaw, Altman highlighted India’s position as OpenAI’s second-largest market and endorsed the country’s potential to become a leader in the AI revolution.This endorsement marks a striking contrast to Altman’s previous assessment in 2023, when he had…

Digital payments giant faces second GST notice within 24 hours, raising concerns about regulatory compliance as authorities intensify scrutiny of fintech operations in IndiaIn a significant development that could impact India’s fintech landscape, One 97 Communications Limited (OCL), the parent company of Paytm, has been served with its second GST demand notice in two days. The latest order, received on February 4, 2025, demands Rs 7.47 crore for allegedly wrongful input tax credit claims during FY 2017-18, bringing the company’s total GST liability to Rs 8.66 crore.This fresh demand follows closely on the heels of a previous notice issued on…

The mobile payments giant achieves profitability with Rs 14 crore net profit in FY24, signaling strong growth potential for regional fintech players in South India.In a significant development that could inspire Tamil Nadu’s growing fintech sector, mobile payments startup MobiKwik has reported a remarkable 62% surge in revenue, reaching Rs 875 crore in FY24. The Gurugram-based company’s successful turnaround from a Rs 84 crore loss in FY23 to a Rs 14 crore profit in FY24 marks a crucial milestone in India’s digital payments landscape.The company’s strong financial performance comes as it prepares for a Rs 700 crore initial public offering…

Government announces massive GPU cluster deployment and development of India-specific AI model, offering Tamil Nadu startups unprecedented access to computing resources at subsidized ratesIn a groundbreaking move that could revolutionize India’s artificial intelligence landscape, IT Minister Ashwini Vaishnaw has announced plans to develop an indigenous foundational AI model within months, alongside making high-performance GPUs available to startups and academia at subsidized rates. This initiative, part of the IndiaAI Mission, represents a significant opportunity for Tamil Nadu’s thriving technology ecosystem.The government will deploy a substantial cluster of 18,693 GPUs, with more than two-thirds comprising NVIDIA’s powerful H100 Tensor Core units. This…

In a significant boost to India’s artificial intelligence workforce, Tamil Nadu has emerged as one of the leading states in AI skill development, training over 2,100 candidates under the Pradhan Mantri Kaushal Vikas Yojana (PMKVY) 4.0. The state’s strong performance in the national skilling initiative highlights its growing prominence in India’s AI ecosystem.According to recent data shared in Parliament by Jayant Chaudhary, Minister of State for Skill Development and Entrepreneurship, the government has successfully trained 19,774 individuals in various AI courses nationwide. The initiative, backed by an investment of INR 7.13 crore as of December 2025, aims to bridge the…