UMG starts removing works of Taylor Swift, Olivia Rodrigo, others from TikTok as licensing talks fail
Universal Music Group (UMG) has removed the music catalogues of prominent artists, including Taylor Swift, Drake, and Olivia Rodrigo, from TikTok. This move follows unsuccessful negotiations to renew…
India’s central bank asks Paytm Payments Bank to halt business
Paytm Payments Bank, the payment giant’s division that handles payments for several of its clients, including its own Paytm service, has been asked by India’s RBI to completely…
Fidelity marks down Meesho’s valuation to $3.5 billion
Adding to a growing, not-so-favourable list of high-profile Indian unicorns getting their valuations slashed, Meesho is now seeing global investment firm Fidelity yet again mark down its valuation.…
‘Taylor Swift’ searches blocked on X amid struggles to contain spread of fake explicit images
Elon Musk’s social media platform, X, formerly known as Twitter, has implemented search blockades for users attempting to find content related to Taylor Swift. This comes in response…
Hewlett Packard Enterprise cloud email system breached by same Russian group that attacked Microsoft
Hewlett Packard Enterprise Co. (HPE) has fallen victim to a cyberattack, taken up by Russian group Midnight Blizzard, the same group that recently took on Microsoft and breached…
eBay is laying off 1000 employees amid growth squeeze
Amid continuous struggles for growth, eBay Inc has revealed plans to realign organisational structure and cut approximately 9% of its current workforce, translating to around 1,000 job roles.…
Byju’s, once valued at $22 billion, seeks funding at $2Bn valuation: Report
Byju’s, the Bengaluru-based edtech giant, which has been in all sorts of troubles off late, is now reportedly willing to accept a valuation of as low as $2…
Sony terminates $10Bn mega entertainment merger in India with Zee Group
A Sony-Zee streaming merger that was once hailed as a solid rival againt Reliance-owned Jio and Disney’s Hotstar in India, is now being called off. Sony Group Corporation…
Paytm’s focus on financial services drives Q3 revenue growth and narrowing loss
Digital payments giant Paytm reported encouraging financial results for Q3FY24, showcasing a 38% surge in consolidated revenue to ₹2,850.5 crore, an increase from ₹2,062.2 crore in the same…
Microsoft’s Bing struggles to gain ground despite ChatGPT integration
In an attempt to challenge Google’s search dominance, Microsoft incorporated OpenAI’s ChatGPT into its Bing search engine last February. The move was hailed by some as an “iPhone…
ZestMoney, once valued at $450Mn, sold to DMI a month after shut down
ZestMoney, the Indian buy-now-pay-later fintech backed by Goldman Sachs and valued at $450Mn at its peak, has been sold off to DMI Finance, in what looks like a…
Indian government to introduce stricter rules for combatting deepfake misuse
In response to the rampant misuse of deepfakes, the Indian government is set to introduce new rules that explicitly define criminal liability for the creation and dissemination of…
Microsoft launches Copilot Pro at $20/month amid AI revenue push
Microsoft has rolled out Copilot Pro, a premium subscription offering advanced AI capabilities to “individuals, creators and power users looking to take their Copilot experience to the next…
Apple responds to market pressures with rare discounts on iPhones in China
Apple, often seeming invincible in the consumer tech space, is showing rare first signs of succumbing to market challenges. In the Chinese market, to boost demand for its…
OpenAI’s ChatGPT Enterprise soars with 260 business adoptions in 4 months
OpenAI’s ChatGPT Enterprise has marked a meteoric rise in popularity within the corporate sphere, with an impressive 260 businesses embracing the service just four months after its launch,…
Grip Invest secures $10M in Series B after pivoting to a SEBI-regulated alternate investment platform
Delhi-based financial technology firm Grip Invest, which has had a sine-curvish journey from being an un-regulated, un-rated investment platform to India’s first SEBI-regulated OBPP (Online bond platform providers)…
Tata Group plans semiconductor plant, battery storage unit in India’s Gujarat
In a move that will add further momentum to India’s nascent but rapidly evolving semiconductor landscape, Tata Group has announced setting up of a cutting-edge semiconductor fabrication plant…
PierSight picks up $6Mn in fresh fundraise for its satellite-powered ocean surveillance tech
Ahmedabad-based spacetech startup PierSight, has raised $6 million in a new round led by Alpha Wave Ventures and Elevation Capital, and saw participation from existing investor Techstars. Co-founded…
Meta strengthens protections for teens on Instagram and Facebook
Meta Platforms, the parent company of social media giants Instagram, Facebook and Whatsapp, is rolling out important changes aimed at enhancing the safety and well-being of teen users.…
Former Twitter CEO Parag Agrawal secures $30Mn for AI startup: Report
Parag Agrawal, former CEO of Twitter, has successfully raised around $30 million in funding for his undisclosed artificial intelligence startup, reports The Information. Khosla Ventures, an early supporter…
MobiKwik aims for ₹700 Crore in IPO revival
Indian fintech giant MobiKwik has once again set its sights on the public market, filing a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of…
