NPCI's Fraud Prevention🔒, Airtel's Microsoft Partnership📞

Oct 30, 2023

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NPCI Takes Measures to Prevent Frauds, Provides Guidance to Banks🔒

The National Payments Corporation of India (NPCI), the organization overseeing the Aadhaar-enabled Payment System (AePS), has taken proactive steps to curb fraud attacks on the network. In a communication sent to banks and payment companies on October 26, NPCI recommended a series of measures aimed at enhancing the security of bank accounts and reducing their vulnerability to fraud. 💳

Cars24 Faces Slow Growth Due to Reduced Demand and Spending🚗

Used cars marketplace Cars24 experienced a slower pace of growth in its topline for the year ending March 31. This slowdown was attributed to diminished demand for used cars and substantial reductions in the company's spending. Cars24 has also significantly decreased its cash burn rate, reducing it to approximately $8 million earlier this year from the previous $20 million recorded in 2021.💸

Tech Mahindra to Launch Large Language Model (LLM) for Hindi and Dialects🗣️

Tech Mahindra, a prominent IT company, has revealed plans to launch its Large Language Model (LLM) for Hindi and its 37 dialects. This initiative is part of the company's 'Project Indus', which aims to build a foundational model for Indian languages. The release of the LLM is scheduled for the end of December or early January.🌐

Google Paid $26.3 Billion to Secure Default Search Engine Status in 2021🔍

Google, a subsidiary of Alphabet Inc., reportedly paid $26.3 billion in 2021 to secure its search engine as the default option on various web browsers and mobile devices. This payment was made to other companies as part of agreements ensuring Google's search engine was the default choice for users. 💰

Airtel Collaborates with Microsoft to Offer Integrated Calling Services📞

Airtel, a leading telecommunications provider in India, has announced a strategic partnership with Microsoft to deliver integrated calling services for Indian businesses. This collaboration enables businesses to access calling services on Microsoft Teams through seamless integration with Airtel IQ.💼

Education technology firm Techmaghi has received funding of Rs 20 lakh from the startup-supporting LJ Knowledge Foundation.
Mumbai-based venture capital firm 100X.VC has invested $2.3 million in 15 startups that are part of its 10th class.