Reliance & Nvidia 🤝, PolicyBazaar v Coverfox 🔎, Koo M&A 💼

Catch up on the latest in 🇮🇳 Indian 🇮🇳 startups and tech landscape - all in 5 minutes. [Newsletter Banner] Daily 🇮🇳 IndiaTech 🇮🇳 Roundup Welcome to today's edition of the NextBigWhat Daily IndiaTech News! Today's top stories include Nvidia & Reliance collaboration, PolicyBazaar vs Coverfox case, and Koo eyeing M&A options. 🤝 💼 🔍 Help us reach your your friends and colleagues! Share the NextBigWhat newsletter. [Tweet it]( [Whatsapp]( Reliance Industries Collaborates with Nvidia on AI Infrastructure and Language Model for India 🇮🇳 IndiaTech - Reliance Industries and GPU leader Nvidia are partnering to build a large language model trained on diverse Indian languages. - The companies aim to develop an AI infrastructure more powerful than India’s fastest present supercomputer. - This project is part of Reliance’s further expansion into digital domains and supports India’s technology infrastructure growth. Reliance Industries Enters Talks for Possible Semiconductor Manufacturing Venture 📈 India Business - Reliance Industries Ltd. has begun exploring a foray into chipmaking, holding early-stage talks with foreign technology partners. - The attempt is to cater to the growing chip demand in India and safeguard against chip shortages affecting its businesses. - Despite no fixed timeline or final decision, RIL’s hefty market capitalization and relationships with government could make it well-positioned for the move. CIA Spy on Mind Games, World War 3, China, Russia and the New World Super Power | Andrew Bustamante (Podcast Summary) [NBW Newsletter Ad]( SAVE TIME. GET KEY IDEAS FROM THE PODCAST ON ATOMICIDEAS Former CIA intelligence officer, Andrew Bustamante teaches spy hacks to help people get the ultimate advantage in business and life. [Get it]( Delhi High Court Denies PolicyBazaar’s Trademark Infringement Claim Against Coverfox, Acko 🇮🇳 IndiaTech - Justice Navin Chawla concludes PolicyBazaar failed to demonstrate trademark infringement by Coverfox and Acko. - PolicyBazaar alleged that their trademark use as keywords under Google AdWords by the two firms constitutes infringement. - The court determined that use of trademarks as AdWord does not necessarily count as infringement, unless it causes real confusion. Cybersecurity Firm Heimdal Enters Indian Market, To Headquarter in Mumbai 🇮🇳 IndiaTech - Heimdal has announced the official launch of its cybersecurity solutions in India as part of its global expansion. - The Mumbai-based operations will combine AI-driven technology and human expertise to detect and mitigate cyber threats. - As part of their commitment, Heimdal plans to organize webinars, workshops, and engage with local cybersecurity communities. Get NBW News: The short news app for busy professionals. [App Store]( [Google Play]( India Requires 8-9% Growth for Next Two Decades to Achieve Developed Status by 2047, says Deloitte’s Romal Shetty 📈 India Business - India can exploit the ‘China plus one’ strategy due to its operational scale and size. - The country can potentially attract $100 billion in space sector investments by 2040. - Challenges include crude oil imports and potential issues with technology and artificial intelligence biases. Shah Rukh Khan’s ‘Jawan’ attracts Google Search with walkie-talkie icon; sets international box office records 🇮🇳 IndiaTech - ‘Jawan’, a film starring Shah Rukh Khan, has made waves in Google Search with a walkie-talkie icon. - The film achieved major success at the box office, ranking first in Australia and New Zealand and third in Germany. - On its opening day, ‘Jawan’ grossed a total of Rs 65 crore in Hindi, and Rs 5 crore each in Tamil and Telugu. Rajeev Chandrasekhar Announces Addition of Over 20 Services to India’s Digital Public Infrastructure 🇮🇳 IndiaTech - Chandrasekhar, Minister of State for Electronics & IT, promises the digitalisation of all government parts under Prime Minister’s vision. - The digital transformation, encompassing identity verification, financial inclusion, and digital services, has seen global engagement. - Eight nations have signed MOUs for India Stack and DPI, with other interested parties ready for implementation. India’s Finance Minister Advocates Global Collaboration on Tech Firm Tax Evasion 🇮🇳 IndiaTech - Finance Minister Nirmala Sitharaman raises concern over tech firms making profits in one country but paying taxes elsewhere. - Problematic ‘flipping’ has led to brain drain, loss of intellectual property and tax revenue for India; measures to reverse flipping are being proposed. - Sitharaman highlights practices of tech giants like Apple, Google, Microsoft, and Meta registering in tax-friendly countries. Koo, India’s Twitter Alternative, Eyes M&A Options Amid Growth Slowdown 🇮🇳 IndiaTech - Indian microblogging platform Koo is exploring M&A options amidst a growth decline and challenges in fundraising. - After peaking at 9.4 million monthly active users in July 2022, Koo plummeted to 3.1 million in April, also witnessing a drop in new downloads. - Despite funding difficulties, the company projects operational break-even in the next 6 months, stressing on maximizing revenues and cost efficiency. Risk Management Firm Certa Secures $35M in Series B Funding 🇮🇳 IndiaTech - Compliance platform Certa raises $35 million in a Series B round, increasing total institutional investment to $50 million. - Funds will be used to expand into high-demand markets, improve go-to-market strategies and deploy next-gen technologies. - Certa provides data sharing, risk assessment, and compliance services to companies across 120 countries in 41 languages. © 2023 Zakti Techmedia Pvt. Ltd. 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