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NEWYou can now listen to Fox News articles! An Indian fighter jet crashed Friday at the Dubai Air Show in the United Arab Emirates, killing the pilot onboard, officials said. Videos circulating on social media showed the IAF Tejas aircraft bursting into flames as it struck the ground, drawing gasps from crowds gathered at the … Read more
Indian edtech startup Physics Wallah ended its first day as a public company on a high, with its shares closing 44% higher than they were listed for, indicating that the country’s edtech sector may still recover after years of gloom. Priced at ₹109, the company’s shares climbed as high as ₹161.99 before closing at ₹156.49, … Read more
Sequoia-backed fintech platform Aspora, which lets the Indian diaspora send money back to India, is launching a new feature for users to pay bills. This means Non-Resident Indians (NRIs) can pay utility bills or recharge their mobile prepaid plans for their family. The startup said that until now, users had to either transfer the money … Read more
NVIDIA and Qualcomm Ventures have joined a growing coalition of U.S. and Indian investors backing India’s deep tech startups. The group launched in September with more than $1 billion in commitments, timing that aligns with India’s new ₹1 trillion (around $12 billion) research and development initiative. NVIDIA has joined the coalition as a strategic technical … Read more
Pine Labs, an Indian merchant-commerce startup backed by PayPal and Mastercard, is going public this week at a valuation about 40% lower than its last private round — even as it doubles down on plans to take its fintech platform global. The Gurugram-based fintech has set a price band of ₹210–₹221 (about $2.00–$2.50) a share, … Read more
Storied investors Accel and Prosus have launched a new investment partnership to back Indian startups from day zero, targeting founders building large-scale solutions with the potential to serve the masses in the South Asian nation. Announced on Monday, the collaboration marks the first time Prosus is investing at the formation stage. Both firms will co-invest … Read more
People watch a light show on the banks of the Sarayu River on the eve of Diwali, the Hindu festival of lights, in Ayodhya, India, on October 19, 2025. (Photo by Sanjay Kanojia/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images This report is from this week’s CNBC’s “Inside India” newsletter which brings you … Read more
Indian quick commerce startup Zepto said it has raised $400 million in a funding round led by a new investor, California Public Employees’ Retirement System (CalPERS), a U.S.-based pension fund. The round, which is a mix of primary and secondary investment, also has participation from existing investors, including Avenir, Avra, Lightspeed, Glade Brook, The Stepstone … Read more
In the last few years, photo-sharing apps have capitalized on the idea that Instagram has become too curated, creating spaces for users to share unfiltered photos from their camera rolls. Locket tapped into lockscreen-based sharing, Retro took a photo journaling route, and Yope is building Instagram for private groups. Now, Mayank Bidawatka, co-founder of Indian … Read more
Coinbase has deepened its regional push with a new investment in CoinDCX, indicating renewed confidence in India’s growing crypto market. Summary Coinbase makes a new investment in CoinDCX to expand across India and the Middle East. CoinDCX reported $165B in annualized trading volume and has 20M+ users. The move follows CoinDCX’s swift recovery from a … Read more
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