Tech & Internet
Revolut gets RBI nod for PPIs, wallets
Revolut India already holds licences to function as a Category-II Authorised Money Exchange Dealer (AD-II), and to offer multi-currency forex cards and cross-border remittance services. With the PPI licence in place, Revolut can now offer both international and domestic payment solutions under one platform in India. Through its mobile wallet product, Revolut will also be able to offer UPI payment services to its Indian customers.
Nykaa projects strong Q4 revenue growth, driven by beauty segment
The beauty segment remained the primary growth driver, with gross merchandise value (GMV) expected to have grown in the low 30% range, ahead of overall industry trends. Nykaa attributed this to continued investments in customer acquisition, consistent order volume growth, and offline expansion, including the rollout of 19 new stores during the fourth quarter.
Invasion of the home humanoid robots
Artificial intelligence is already driving cars, writing essays and writing computer code. Now humanoids, machines built to look like humans and powered by AI, are poised to move into our homes so they can help with the daily chores. Børnich is CEO and founder of a startup called 1X. Before the end of the year, his company hopes to put his robot, Neo, into more than 100 homes in Silicon Valley and elsewhere.
Taiwan president discusses US tariff response with tech executives
Taiwan President Lai Ching-te met the executives at his official residence to discuss the response to "the global economic and trade challenges brought about by the reciprocal tariff policy," his spokesperson Karen Kuo said in a statement.
Transforming India
Shreya Ghoshal's X account restored: 'I am back'
After more than a month, acclaimed playback singer Shreya Ghosal has regained control of her X account. Shreya further raised her concern regarding the AI-generated ads that are being used as click-baits. She shared that although she is unable to do anything about it from her front, X should take some action in the concerned matter.
India to become preferred data hub as demand for data centres soars: JM Financial
India is poised to become a regional data hub as data centre demand surges, driven by AI, data localisation, and a growing user base. $80 billion in investments may be needed to meet rising domestic demand by 2030.
How to use Meta’s Llama 4: A quick guide for developers and enterprises
Meta's Llama 4, an open-weight AI model, targets developers and startups with two variants—Scout and Maverick—offering transparency, flexible deployment, and alternatives to GPT-4 and Gemini. It supports multimodal tasks and fine-tuning via PyTorch. Available on GitHub, Azure, and Hugging Face, it promotes open innovation with licensing caveats.
Meta releases new AI model Llama 4
Meta said Llama is a multimodal AI system. Multimodal systems are capable of processing and integrating various types of data including text, video, images and audio, and can convert content across these formats.
Second fund of funds’ first instalment, Startup India Desk in works: Piyush Goyal
Piyush Goyal, union minister for commerce, also said that the second fund of funds for startups (FFS) with a corpus of Rs 10,000 crore has been approved and this year, Rs 2,000 crore will be disbursed to SIDBI as the first installment. A significant portion of the fund will be reserved for seed funding of small startups and to support deep-tech innovation.
Zomato parent Eternal's COO for food delivery Rinshul Chandra resigns
Chandra had joined the company in 2018 and was elevated to the role of food delivery COO in 2023. In the food delivery segment, which is led by Rakesh Ranjan, the company has witnessed a slowdown in growth amid broader consumption softness.
