Author: Cross Road Times
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Krutrim Starts Hosting Meta’s Llama 4 Models On Its Cloud In India
SUMMARY Krutrim said that Llama 4 Scout and Llama 4 Maverick will be available for developers to build and deploy applications in the price range of INR 7 to INR 17 per Mn tokens With this, the unicorn claims to have become the first Indian AI company to deploy Meta’s Llama 4 models on Indian…
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Apple To Double Down On India Amid US-China Tariff War
SUMMARY Apple is planning to export more iPhones from India to the US to “offset” the North American country’s higher set of tariffs on China The company sees the “current situation” as too uncertain to upend long-term investments in its supply chain, which is centred around China Apple nearly doubled its iPhone exports from India…
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BlueStone, Aye Finance Get SEBI Nod For Their IPOs
SUMMARY While the regulator issued an observation letter to BlueStone on April 1, it issued the letter to Aye Finance on April 3 While BlueStone filed its IPO papers with the regulator for INR 1,000 Cr IPO on December 12, Aye Finance filed draft paper for INR 1,450 Cr IPO on December 17 The markets…
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Centre Considering Local Storage Of AI Models To Prevent Data Outflow
SUMMARY The Centre is reportedly considering local storage of AI models to minimise risks associated with them and prevent flow of sensitive data outside India With the Centre reportedly planning to finalise the Digital Personal Data Protection (DPDP) Act rules by April, MeitY secretary S Krishnan said that once implemented it will play an effective…
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Creditors Approve Wazir’s Proposed Restructuring Plan
SUMMARY Of the 1,41 Lakh votes cast, 1.31 Lakh voted in favour of the scheme, amounting to $185 Mn out of $195.6 Mn in claims Following this, Zettai will seek approval from the Singapore High Court to implement the scheme, which will pave the way for the platform to resume operations WazirX had lost around…
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boAt Files IPO Papers Via Confidential Filing
SUMMARY Imagine Marketing, the parent of wearables and audio brand boAt, has filed the draft papers for its IPO via the confidential filing route, the company said in a notice boAt earlier filed for an IPO in January 2022 with an aim to raise INR 2,000 Cr. The offering included a fresh issue of INR…
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Bare Anatomy Parent Innovist Bags INR 136 Cr Funding
SUMMARY Innovist, the parent company of beauty and personal care (BPC) brands like Bare Anatomy and Chemist at Play, has raised INR 136 Cr (about $15.8 Mn) in its Series B round Mirabilis Investment Trust, Niveshaay Investment, and existing backer Sauce.vc also participated in the round The secondary portion of the round saw early investor…
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The AI Race Has Gotten Crowded—and China Is Closing In on the US
Stanford’s report shows Chinese AI is on the rise overall, with models from Chinese companies scoring similar to their US counterparts on the LMSYS benchmark. It notes that China publishes more AI papers and files more AI-related patents than the US, although it does not assess the quality of either. The US, in contrast, produces…
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Swiggy Gets Tax Demand Of INR 7.6 Cr From Maharashtra Govt
SUMMARY Tax authorities alleged that Swiggy “violated” provisions pertaining to deduction of Profession Tax from the employees salary Swiggy plans to challenge the tax authorities as it believes it has strong arguments against the tax demand order At 9:58 AM, shares of Swiggy were trading 5.71% lower at INR 317.95 apiece on the BSE. The…
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Mixed Week For New-Age Tech Stocks Amid Trump’s Tariff War
SUMMARY In the first week of April, 16 out of the 32-new age tech stocks gained in a range of 0.21% to a little over 18% Shares of TBO Tek, TAC Infosec, PB Fintech, BlackBuck, Nykaa, Ola Electric, saw selling pressure from their investors during the week Sensex ended the week 2.6% lower at 75,364.69…
