Swiggy, the Indian food delivery giant, seeks $1.25 billion in IPO after receiving shareholder approval

Swiggy plans to raise $1.25 billion in an initial public offering and has secured approval from its shareholders, the Indian food delivery and instant commerce startup disclosed in a filing…

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India’s central bank cracks down on Kotak Mahindra Bank over IT, risk management lapses

India’s central bank ordered Kotak Mahindra Bank to immediately cease onboarding new customers through its online and mobile banking channels and to stop issuing fresh credit cards, citing serious deficiencies…

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India scrambles to curb PhonePe and Google’s dominance in mobile payments

The National Payments Corporation of India (NPCI), the governing body overseeing the country’s widely used Unified Payments Interface (UPI) mobile payment system, is set to engage with various fintech startups…

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Meta’s Oversight Board probes explicit AI-generated images posted on Instagram and Facebook

The Oversight Board, Meta’s semi-independent policy council, it turning its attention to how the company’s social platforms are handling explicit, AI-generated images. Tuesday, it announced investigations into two separate cases…

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