NPCI's Bharat BillPay spots a big opening in education fee payments

NPCI Bharat BillPay sees digitising education fee payments as a major opportunity, aiming to onboard schools and colleges onto its Bharat Connect platform. Government initiatives and fintech partnerships are driving adoption, promising efficiency and transparency in institutional payments.

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India needs to develop its own foundational AI models to compete globally: Perplexity CEO

CEO Aravind Srinivas said Perplexity is exploring ways to expand similar AI integrations globally but remains focused on solving problems unique to India.

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EU's AI policy pivot due to overall sense of overregulation: Michael McNamara

The EU recently withdrew its AI Liability Directive, which was first proposed in 2022 and proposed to penalise offending organisations for causing harm through AI systems. The European Union's AI regulation came into effect in August 2024, with various provisions of the Act coming into effect through 2025 till 2027.

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HD Hyundai Heavy Industries looks to build shipyard in India; scouting for locations and tie-ups

South Korea’s HD Hyundai Heavy Industries is exploring shipyard locations in India, visiting Tamil Nadu and negotiating with Andhra Pradesh and Maharashtra. The move aligns with India's shipbuilding expansion, aiming for global market growth and technology collaboration.

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Uber’s private car ride-share service starts from Assam

The service will begin in Assam, with women and army veterans as drivers, serving as a case study for Uber to pitch it to other states. Globally, including the US, the UK and Australia, Uber is permitted to onboard private car owners as taxi operators, something that the company has been pushing for in India as well.

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Infosys pay hikes

Infosys rolls out salary revision letters with 5-8% average hikes.

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MOC Cancer Care raises $18 million from Elevation Capital

The funds will be used for expanding operations, opening new centres, and diversifying the range of services offered, said the Mumbai-based company that operates in the daycare oncology space, focusing primarily on chemotherapy and the medical management of cancer.

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ETtech Explainer: How is Sonnet 3.7 hybrid reasoning model different from rest of AI pack?

Claude 3.7 Sonnet, which comes after Claude 3.5 Sonnet in Anthropic's family of models, is an ordinary LLM and a reasoning model rolled into one. Some commentators and early testers on X called the model “amazing for programming” and “the best coding AI model”. It has been made available on coding platform GitHub and on AI-powered search engine platform Perplexity AI.

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Flipkart’s Super.money acquires BharatX’s tech, key team members to expand credit offerings

This deal does not involve a full acquisition of BharatX, a Y Combinator-backed fintech credit startup, given its existing credit-related liabilities.

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Nvidia takes EU antitrust regulators to court for probing AI startup Run ai bid

While the case does not have any impact on the Run:ai deal which was eventually approved by the EU competition watchdog in December last year, a ruling favouring Nvidia may further curb the regulator's merger power.

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Low PC penetration, Windows 10 upgrade to fuel Snapdragon X growth in India: Qualcomm SVP

​​ Qualcomm Technologies senior vice president and general manager for compute and gaming Kedar Kondap said the company is looking to replicate its smartphone success story in the personal computing space also.

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