Kunal Shah, the renowned entrepreneur and founder of fintech giants CRED and Freecharge, has a remarkable story that diverges sharply from the typical Silicon Valley narrative. Recently, Sanjeev Bikhchandani, the founder and executive vice-chairman of Info Edge, shared a compelling account of Shah’s unconventional rise to success on social media platform X, shedding light on his humble…
HealthCRED, a B2B healthcare financing startup, has raised $1.2 million in seed funding led by Antler India, TRTL VC, DeVC, iSeedVC, and Angel List India. The funding round also saw contributions from angel investors such as Subho Ray, President of the Internet and Mobile Association of India (IAMAI), and Nitin Gupta, CEO of Uni Cards.
The new capital will be used to expand HealthCRED’s…
A recent report by US-based short-seller Hindenburg Research has disclosed that mutual funds have invested nearly $5 billion (Rs 41,814 crore) across 10 Adani Group companies. The report indicates that except for New Delhi Television (NDTV), mutual funds have invested in every listed Adani Group company.
The investment breakdown shows that Adani Ports and SEZ has the highest mutual fund exposure…
Large language models pose risks like manipulation, cyberattacks, and unintended self-improvement, but safeguards are being developed.
The rapid advancement of large language models (LLMs) has ignited both excitement and apprehension. While their potential for good is immense, so too is the possibility of misuse and unintended consequences. Understanding the specific dangers these powerful AI…
In the wake of Hindenburg Research’s explosive report implicating high-profile figures in financial misconduct, 360 ONE (formerly IIFL Wealth) has issued a comprehensive rebuttal to address allegations regarding its investment activities. The company, which manages multiple funds, has firmly denied claims that its IPE-Plus Fund 1 was involved in any investments related to the Adani Group…
In a recent discussion at ETSpectrum, Jeyandran Venugopal, Flipkart’s Chief Product and Technology Officer, shed light on the e-commerce giant’s strategic approach to cloud adoption. Venugopal detailed how Flipkart harnesses the cloud to achieve optimal security, efficiency, and cost-effectiveness.
Optimizing Cloud Security
Security remains a top priority for Flipkart as it scales its cloud…
Baldev Prakash, the Managing Director and CEO of Jammu & Kashmir Bank, has been instrumental in driving significant changes within the institution since assuming his role on December 30, 2021. In an exclusive interview with Manojit Saha in Mumbai, Prakash shared insights into the steps taken to address governance issues and enhance compliance at the bank.
Governance and Compliance…
E-commerce giant Meesho has made significant strides in reducing its customer support costs, thanks to the integration of generative artificial intelligence (GenAI) into its operations. Sanjeev Barnwal, the founder and chief technology officer (CTO) of Meesho, revealed that the company has successfully automated 95% of its customer support chats, resulting in a remarkable 90% reduction in related…
This week’s IPO lineup includes the highly anticipated Saraswati Saree Depot Ltd on the mainboard and four SME issues aiming to raise a total of ₹257 crore from investors. Here’s a detailed look at the new public offers set to open for subscription.
Mainboard IPO
Saraswati Saree Depot Ltd
Issue Size: ₹160 crore
Subscription Dates: August 12 – August 14, 2024
Price Band: ₹152 to ₹160…
At the D23 Expo in Anaheim, Miley Cyrus made history by becoming the youngest recipient of the prestigious Disney Legend award. The accolade, given in recognition of her significant contributions to Disney’s legacy, was presented to Cyrus in an emotional ceremony that highlighted her transformative journey from child star to global pop icon.
The event was marked by a lively introduction from…
