Latest news with #PeerzadaAbrar
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Business Standard
3 days ago
- Business
- Business Standard
Google DeepMind sees AGI within five years, bets big on India AI hub
Google DeepMind expects artificial general intelligence (AGI) within four to five years, with significant AI development being driven from its expanding India operations premium Peerzada Abrar Listen to This Article Google DeepMind expects artificial general intelligence (AGI) capabilities to emerge within four to five years, as the company accelerates AI development from its expanding India operations. Dr. Manish Gupta, senior director for India and APAC at Google DeepMind, said the company's Gemini models are already demonstrating 'superhuman capabilities' in areas like mathematics, with one model achieving gold medal-level performance on International Math Olympiad problems. 'We believe that you will see capabilities that could be at least arguably termed as AGI, perhaps in the next four to five years,' Gupta told Business Standard in an interview. Much of that development work
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Business Standard
18-06-2025
- Business
- Business Standard
Techfino raises ₹65 crore to expand MSME lending in smaller cities
Techfino to use fresh funding from Stellaris and Saison Capital to scale secured loans, expand branches, and boost tech-led lending in underserved MSME markets Peerzada Abrar New Delhi Listen to This Article Techfino, a tech-enabled non-banking financial company, has raised ₹65 crore in a funding round led by Stellaris Venture Partners and Saison Capital, the venture investment arm of Tokyo-listed Credit Saison Co. The Bengaluru-based lender said it will use the fresh capital to broaden its branch network, enhance its technology infrastructure and scale its secured lending operations. There is also a focus on micro, small and medium enterprises (MSMEs) in India's underserved Tier II and III cities. Founded with an emphasis on asset-backed lending, Techfino specialises in loans against property (LAP), operating primarily through a branch-led model. The company currently maintains
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Business Standard
09-06-2025
- Automotive
- Business Standard
Free run to bumpy ride: Ola Electric faces challenges on road to future
Unlike services, Ola's foray into product manufacturing comes with a different set of expectations Peerzada Abrar Bengaluru Listen to This Article In 2021, Bhavish Aggarwal stood on a dusty plot in the Krishnagiri district of Tamil Nadu, and promised to build the world's largest electric two-wheeler factory. Within eight months—and despite the challenges posed by the Covid19 pandemic—that vision became the Ola Futurefactory. The facility, staffed entirely by women and run mainly by robots, aims to have an annual production capacity of 10 million units in future. Backed by SoftBank, Ola Electric quickly became the market leader. Soon after, it made a blockbuster market debut in 2024, its IPO valuing the firm at $4.8 billion. Cut to 2025. Bengaluru-based Ola Electric's
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Business Standard
28-05-2025
- Business
- Business Standard
Myntra raises ₹1,062 cr from parent firm in fresh capital infusion
The Flipkart-owned platform eyes growth in Singapore and beyond, posts Rs 30.9 crore profit in FY24, and readies for its flagship sale event starting May 31 Peerzada Abrar Listen to This Article Myntra, the online fashion platform owned by Walmart-backed Flipkart Group, has secured Rs 1,062.5 crore in fresh funding from its Singapore-based parent entity, FK Myntra Holdings Pvt Ltd, according to regulatory filings reviewed by business intelligence platform Tofler. As part of the capital infusion, Myntra issued approximately 1.94 million shares, each with a face value of Rs 1 and a premium of Rs 5,465.23 per share. The development comes at a time when the company is scaling up its operations in India and overseas. Myntra recently forayed into the international market with the launch of Myntra Global, marking its first
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Business Standard
21-05-2025
- Business
- Business Standard
E-commerce giants Flipkart, Amazon deepen fashion push in smaller cities
Flipkart's ethnic wear and Amazon's Serve store are driving fashion growth in Tier 2 and 3 cities with rising Gen Z demand and expanding customer bases Peerzada Abrar Listen to This Article India's leading e-commerce players, Flipkart and Amazon, are deepening their push into the fashion segment, with a sharp focus on smaller cities and towns. Flipkart reported more than six million unique customers purchasing ethnic wear in the past year, with nearly 90 per cent of sales driven by repeat buyers. Over half of that shopper volume came from Tier 3 and smaller towns. Demographically, the core audience remains young, with nearly half of Flipkart's ethnic wear buyers aged between 25 and 35. This reflects not only growing digital adoption across regions but also evolving fashion preferences among young Indian consumers.
