Category: Tech News

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The LP View: Despite slowdown, LPs bullish on long-term India growth story

Despite global economic uncertainty and a slowdown in deal activity this year, limited partners (LPs) continued to bet big on India, hoping to garner returns from the country’s entrepreneurial ecosystem in the long run. During the first nine months of 2022, LPs committed $7.7 billion to India-focused private equity (PE) and venture capital (VC) firms,… Continue reading The LP View: Despite slowdown, LPs bullish on long-term India growth story

Macau’s 6 casino operators get new licences, Malaysia’s Genting out

Macau‘s government said on Saturday its six incumbent casino operators would be given new licences to operate in the world’s biggest gambling hub from January, with Malaysian operator Genting missing out on a spot. The highly anticipated announcement signals stability and continuity for the Macau operators who have invested more than $50 billion in the Chinese special… Continue reading Macau’s 6 casino operators get new licences, Malaysia’s Genting out

Gran Turismo chief says devs are ‘looking into’ a PC port

/ Polyphony Digital head Kazunori Yamauchi told GTPlanet that the studio is ‘considering’ bringing the series from PlayStation to PC. Image: Sony Gran Turismo creator Kazunori Yamauchi isn’t ruling out a PC port for the long-running racing sim franchise. In an interview with GTPlanet (via Eurogamer) during the Gran Turismo World Finals on Sunday, Yamauchi… Continue reading Gran Turismo chief says devs are ‘looking into’ a PC port

Tesla Semi completes first 500-mile trip with a full load

Elon Musk has confirmed that Tesla Semi has completed its first 500-mile trip with a full load – quite a feat for a battery-electric truck. Tesla Semi is an all-electric class 8 commercial truck that Tesla first unveiled in 2017 and it was supposed to be in production in 2019. However, it was delayed several… Continue reading Tesla Semi completes first 500-mile trip with a full load

India regulator asks Paytm to reapply for payment aggregator licenceThe company said it does not expect the delay in securing the licence to impact it…

India’s banking regulator has declined a payment aggregator licence for the One 97 Communications Ltd unit that owns the popular Paytm brand, asking it to reapply within 120 days after meeting certain conditions. The regulator asked Paytm Payments Services Ltd, a 100% subsidiary of One 97 Communications, to reapply after getting the necessary approvals for… Continue reading India regulator asks Paytm to reapply for payment aggregator licenceThe company said it does not expect the delay in securing the licence to impact it…

InnoVen, Stride invest in RenewBuy and India deals worth $127m

Insurtech startup RenewBuy has raised about $8.3 million (Rs 68 crore) in debt funding from InnoVen Capital and Stride Ventures. According to a report in Entrackr, the board at Renewbuy has passed a special resolution to issue 6,000 non-convertible debentures(NCDs) at an issue price of Rs 1,00,000 each and 11,910 CCPS at an issue price of… Continue reading InnoVen, Stride invest in RenewBuy and India deals worth $127m

BOJ to conduct survey on climate finance annually to nurture ESG market

Bank of Japan (BOJ) Deputy Governor Masayoshi Amamiya said on Sunday the central bank will conduct a survey annually of financial institutions and companies, seeking ways to nurture the country’s growing climate finance market. An initial survey in August showed “strong demand” in Japan for “green” bonds and other environmental, social and governance (ESG) debt instruments, Amamiya said. Some respondents said they faced challenges in obtaining… Continue reading BOJ to conduct survey on climate finance annually to nurture ESG market

Binance CEO Changpeng Zhao says don’t fight crypto, regulate it

Binance Chief Executive Officer Changpeng Zhao said on Friday regulation rather than opposition of the crypto sector is a better option for world governments as digital currencies become more mainstream. Regulation of crypto currencies has come into sharp focus following the collapse of several platforms, culminating in the crash of the FTX currency exchange earlier this month. “I think most governments now… Continue reading Binance CEO Changpeng Zhao says don’t fight crypto, regulate it

Twitter new user signups at an ‘all-time high,’ says Elon Musk

A month after completing his takeover of Twitter, Elon Musk says new user signups are at an “all-time high.” On Saturday evening, the billionaire shared a slide deck that details the current state of Twitter and his vision for the platform. As of November 16th, Twitter was adding more than 2 million new users per… Continue reading Twitter new user signups at an ‘all-time high,’ says Elon Musk