The Economic Time
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Nepalis fight TikTok ban in court, or ignore it entirely
When Nepal suddenly announced a ban on TikTok last year, lawyer Sunil Rajan Singh was determined to fight what he said was a government effort to...
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RBI scanner on gold loan startups; setback for lending firms
Happy Wednesday! After the central bank's action on IIFL Finance, concerns have been raised over gold loan evaluation by fintechs and their partner...
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Binance's Changpeng Zhao sentenced to four months in prison over money laundering violations
Former Binance CEO Changpeng Zhao ('CZ'), 47, sentenced to four months in prison by U.S. District Judge Richard Jones in Seattle, becoming the...
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US newspapers sue OpenAI for copyright infringement over AI training
New York Daily News, Chicago Tribune, MediaNews Group sue Microsoft, OpenAI for misusing reporters' work. Lawsuit includes Copilot, alleges copying...
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HC asks Ashneer Grover not to create third party rights in shares transferred by BharatPe cofounder
Delhi High Court restrains Ashneer Grover from transferring shares to prevent irreparable loss to Bhavik Koladiya. The legal battle involves claims...
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ED seizes Rs 90 crore funds kept in Binance, ZebPay, WazirX wallets
Enforcement Directorate seized Rs 90 crore from cryptocurrency wallets in a money laundering probe connected to the 'E-Nugget' online gaming scam,...
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Influencer marketing firm vHub.ai raises funding from Z21 Ventures, others
vHub.ai secured undisclosed funding to enhance AI technologies for influencer discovery, brand-influencer connections, audience understanding, and...
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Capgemini Q1 FY24 revenues drops 3.5%, offshore headcount dips
The revenues in Q1 of FY23 stood at €5.73 billion ($5.92 billion). On a constant currency basis, revenue declined 3.3%. Capgemini follows January...
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Early stage VC IvyCap Ventures announces final close of third fund at Rs 2,100 crore
The fund is allocating a significant portion of its third fund to invest in around 25 early-stage startups. These initial investments will...
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FirstCry refiles IPO papers, reports December revenue at Rs 4,841 crore
FirstCry’s IPO size will be the same, as per the IPO papers. It intends to raise $218 million (about Rs 1,815 crore) in primary funding through...