ONDC crosses record 5.5 million transactions in December

Of the 5.5 million transactions made via ONDC in December, 3.4 million (63%) were in the mobility category while two million (37%) were in the retail category.

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Adidas to set up its first Asia GCC outside China in Tamil Nadu

Adidas, headquartered in Herzogenaurach, Bavaria, will set up its Global Business Services (GBS) hub with Akhil Kapoor leading operations. This reinforces the recent boom of MNCs investing in India in large numbers to set up their GCCs.

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Govt may amend IT Act to add new rules for AI, GenAI models

The amendments to the IT rules are likely to mandate that GenAI platforms which use artificially intelligent algorithms or language models to train their machines are free from “bias” of any kind.

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India's space startups report success of in-orbit experiments onboard ISRO's POEM

ISRO's PSLV Orbital Experimental Module (POEM) enables in-orbit scientific experiments using the spent PS4 stage as an orbital platform.

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IT stares at slowest quarterly revenue growth in a decade

The third-quarter results season will begin with TCS and Infosys announcing their results on January 11, followed by HCLTech and Wipro on January 12. The focus this quarter will be the commentary on the demand environment and 2024 budgets.

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Catamaran president Deepak Padaki sees startup valuations falling further

In an interview with ET’s Beena Parmar, Deepak Padaki, who joined Catamaran Ventures last August, also talks about its investment exits, deal sizes and corporate governance at startups. Edited excerpts:

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Apple hits seven-week low after Barclays downgrade

Barclays is the second brokerage to have the equivalent of a "sell" rating on the stock, which now has its most number of bearish recommendations in at least two years, per LSEG data.

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More startups want to ‘flip’ back to India; SoftBank’s returns from listed firms

Startups are moving their overseas holding entities to India ahead of their forthcoming public listings, especially in the fintech sector which is governed by the country’s central bank regulations.

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Meesho’s early backers eye new secondaries at $3-3.5 billion valuation

Norwest Venture Partners, WestBridge Capital are among entities said to be in talks to pick up stake in ecommerce firm Meesho. The development underscores the growing trend of secondary share sales in late-stage firms.

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India job scene sees early signs of disruption from AI

Millions of working employees will need reskilling and upskilling, which in turn could create new job opportunities as well, say experts

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Boom in AI prompts a test of copyright law

Authors and a leading photo agency have brought suit over the past year, contending that their intellectual property was illegally used to train AI systems, which can produce humanlike prose and power applications like chatbots.

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