According to company papers obtained by BT from business intelligence platform Tofler, BharatPe’s losses nearly quadrupled to Rs 1619 crore in FY21 from Rs 912 crore in FY20, even though revenue from operations increased to Rs 119 crore in FY21 from Rs 6 crore in FY20. Employee engagement costs have also increased dramatically, up to […]

T Rabi Sankar, Deputy Governor of the Reserve Bank of India, said on Thursday that the launch of India’s first digital currency requires a sophisticated and calibrated approach because it will have multiple ramifications for the economy and monetary policy. In 2022-23, the RBI plans to release a central bank-backed digital money based on blockchain

The business targeted in the heist, Binance, said on Wednesday that it is leading investors’ contributions to a bailout of victims of a $615 million digital token theft. The game Axie Infinity, which is hosted by the Vietnam-based business Sky Mavis, was hit by one of the largest crypto heists on record last week, leaving

CynLr, a deep-tech start-up, has raised $4.5 million in funding, which it will use to establish a corporate presence in the United States, grow its team to over 50 individuals, and increase its capacity to address the current pipeline of customers and deploy 100 robots per year. CynLr is a visual object intelligence platform headquartered

Rakesh Gangwal, an IIT Kanpur alumni and co-founder of budget carrier IndiGo, has offered a personal donation of Rs 100 crore to support his alma mater’s School of Medical Sciences and Technology. In a series of tweets, IIT Kanpur Director Abhay Karandikar verified the news. “Here is big news from IIT Kanpur. In an extraordinary

This Monday morning, cryptocurrency markets are displaying a little upward trend. According to CoinMarketCap data, the global market cap increased by 0.72 % in the last 24 hours to $2.15 trillion as of 8:00 a.m. IST. Bitcoin is currently priced at $45,940, up 0.70 %. Ethereum is now priced at $3,489, up 1.30 %. In

Stanza Living, a co-living startup, has announced the all-cash acquisition of Singularity Automation, an enterprise IoT provider. The deal’s value was not disclosed by the corporation. The acquisition, according to Stanza Living, will reinforce the company’s current unique technology ecosystem, allowing it to focus more quickly on building highly customized IoT-based solutions for the shared