🇮🇳 Razorpay Returns, 👩‍⚖️ Apple Fails Copyright Claim 🤝 OYO Positive Ebitda

Catch up on the latest in tech, business and startups - all in 5 minutes. [Newsletter Banner] Daily News Roundup Welcome to today's edition of the NextBigWhat Daily News! Today's top stories include Razorpay's parent entity returning to India, Moody's predicting a positive Ebitda for OYO, and Apple's failed US copyright claims. 📰 Help us reach your your friends and colleagues! Share the NextBigWhat newsletter. [Tweet it]( [Whatsapp]( 🇮🇳 IndiaTech: Latest tech and startup news. Razorpay’s parent entity plans to return to India in a ‘reverse flip’ from the US - Razorpay, valued at $7.5 billion, had to domicile itself in the US when it raised funds from the Silicon Valley incubator Y Combinator. - Razorpay offers payment services to merchants. - The parent entity of Razorpay is now planning to return to India from the US in a ‘reverse flip’. Moody’s predicts OYO to have a positive Ebitda of $50-55 million for this fiscal year - Moody’s predicts that OYO will have a positive Ebitda of $50-55 million for this fiscal year. - Moody’s could downgrade the ratings if OYO’s cash burn does not reduce significantly over the next 12-18 months. Blinkit still experiencing disruptions in some areas of Delhi-NCR - Disruptions in Blinkit have led to increased delivery times and sporadic store closures in Delhi, Gurgaon, Noida, Faridabad, and Ghaziabad. - People familiar with the situation are aware of these developments. Government may increase IT hardware PLI sops to more than double, up to Rs 17,000 crore in new plan - The government is considering increasing IT hardware PLI sops to more than double, up to Rs 17,000 crore in a new plan. - The scheme’s validity is being increased to eight years, starting April 1. - Applicants may choose to start the scheme on April 1, 2024, or April 1, 2025. - The scheme will be applicable for six years. Get NBW News: The short news app for busy professionals. [App Store]( [Google Play]( 👨‍💻 ProductGeeks: New products everyday. Uber of House help & NoBroker of hiring house help: MeeHelp India’s First on-the-go domestic help app. Sit back & relax while MeeHelp finds the best house help around you. Enjoy the India’s first brokerage free platform, to hire part time and full time helpers on tip of figure. We are introducing affordable and technologically advanced solutions to make lives easy of every urban house hold while multiplying the earning potential of India gig economy [Learn More]( Write personalized cover letters 10x faster: CoverDoc CoverDoc generates the cover letter from the job info and your work experience and add relevant company news. Save time on research with insights about the target company’s products, financial performance, customers and market. [Learn More]( 🌎 GlobalTech: Trending global tech news. Apple fails to revive US copyright claims against iOS simulation - The 11th US Circuit Court of Appeals ruled that Corellium lawfully recreated Apple’s system under the U.S. copyright doctrine of fair use. - Corellium’s recreation of Apple’s system furthers scientific progress by aiding important security research. LinkedIn to lay off 716 employees and discontinue China local jobs app - LinkedIn, the social media network owned by Microsoft Corp, plans to lay off 716 employees. - LinkedIn will discontinue its China local jobs app. Google and Samsung collaborate to address Android’s background app limitations - Google and Samsung partner to address Android’s background app restrictions. - This collaboration aims to fix one of Android’s long-standing issues. - The issue is related to restrictions on foreground services and background work on devices. Vietnam to demand social media users verify identity - Vietnam is issuing a Telecommunications Law Amendment by the end of this year, which includes a measure requiring social media users to verify their identity. - This measure will allow law enforcement agencies to track down offenders who break the law using social media. - This was reported by the state-run Voice of Vietnam (VOV) newspaper. 🤖 AI: Latest in AI and ML. ChatGPT Generates 643 Words on India and AI in 30 Seconds, Edge Manages Just 143 - ChatGPT produces 643 words on India and AI in 30 seconds. - Edge manages only 143 words in the same time. - ChatGPT’s version is more comprehensive, while Edge’s version is terse. - Edge’s version includes footnotes with citations. Amity University welcomes AI professor powered by ChatGPT-4 and Open AI - Amity University has welcomed an AI professor powered by ChatGPT-4 and Open AI-driven technology. - Professor AMI is designed to provide a personalized learning experience for every student of Amity Online. © 2023 Zakti Techmedia Pvt. Ltd. All rights reserved. | [Unsubscribe](