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The downgrade comes in the wake of the recent regulatory action on Paytm Payments Bank by the Reserve Bank of India. In a January 31 order, the RBI barred Paytm Payments Bank from offering banking services after February.

The study, titled ‘Emeritus: Achieving impact, providing access, traces the first phase of the Emeritus founding journey by cofounders Ashwin Damera and Chaitanya Kalipatnapu. Authored by HBS senior lecturer Ashish Nanda and research associate Zack Kurtovich, it chronicles the origins of Emerituss journey from idea to achieving global scale.

The company announced partial and full exit from 14 firms with an average 61 per cent internal rate of return in 2023. "We have made a total investment of around Rs 750 crore till date out of Rs 1,200 crore fund. This year, we will be investing in the range of Rs 150-200 crore," IPV founder and CEO Vinay Bansal said.

Called the AI Act, the new rules aim to set the guardrails for a technology used in a broad swathe of industries, ranging from banking to cars to electronic products and airlines, as well as for security and police purposes.

The multi-year, multi-phased collaboration seeks to address critical business challenges such as modernizing web and mobile applications, enhancing scalability, and providing advisory services on the latest technology and business trends, it added. Deal financials remained undisclosed.

From next month, the worlds biggest digital firms, identified as "gatekeepers" by the EU, must comply with strict dos and donts under a landmark law. The commission announced in September that 22 "core" services provided by the designated gatekeepers -- Googles Alphabet, Amazon, Apple, TikTok parent ByteDance, Facebook owner Meta and Microsoft -- met the thresholds for mandatory compliance.

Sam Altman, speaking at the World Government Summit in Dubai via a video call, reiterated his call for a body like the International Atomic Energy Agency to be created to oversee AI thats likely advancing faster than the world expects.

Speaking at Walmart Growth Summit, Flipkart CEO Kalyan Krishnamurthy said the government has simplified taxation and adopted ease of doing business as a strategy, which is one of the factors driving growth of the ecommerce segment.

The $10 million Series A round was led by one of Silicon Valleys most storied venture capital firms, Benchmark, which made early bets on eBay, Uber, Snap and Meta Platforms Instagram. The company did not disclose the valuation.

Wipro will acquire 60% of the company in an all-cash deal, with an option to purchase the remaining stake over a period of time, as per a stock exchange filing. Revenues of the Aggne Group are $4.5 million for calendar year 2021, $9.1 million for 2022, and $17.9 million 2023.