Author: Ansh Singh

New Delhi: The large pool of highly qualified distinctive in STEM (science, technology, engineering, and mathematics) related domains that contribute to the development of cutting-edge AI algorithms, applications, and solutions that serve both domestic and international markets is what drives the AI market in India. Additionally, the government’s strategy to encourage AI use through policy measures and budgetary support is what supports the market growth in India. In accordance with this, the National AI Strategy’s implementation and Startup India’s facilitation of industry-academia partnerships have promoted investments in AI companies and contributed to the market’s expansion. According to a recent report,…

Bengaluru: In a new round of layoffs on Thursday, Bengaluru-based fintech startup Khatabook let go of staff. According to sources familiar with the situation, the layoffs targeted workers in the engineering, product, and marketing verticals. The engineer also mentioned that the business extended insurance and compensated the separated workers with three months’ income as severance. “We received a three-month pay as a runway and an extension on ESOP vesting. Medical insurance was also increased,” he claimed. 43 people from the Marketing, Sales and Analytics tech teams were let go by Khatabook as part of the reorganisation process, and more to…

New Delhi: After a protracted interrogation at the ED’s Mumbai office, Naresh Goyal was brought into custody in accordance with the Prevention of Money Laundering Act. The Enforcement Directorate (ED) has detained Jet Airways founder Naresh Goyal in connection with an alleged money laundering case involving Canara Bank that involves 538 crore rupees. In a shocking change of events, an Emirates plane heading for Dubai was told to stop while taxiing for takeoff in Mumbai in May 2019. The pilot was instructed to return right away to the parking space without being given an explanation. Naresh Goyal and his wife…