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groww: Groww extends lead over Zerodha, adds a million active traders in December quarter

Groww, backed by Peak XV and Tiger Global, has extended its lead in active clients. According to NSE data, Groww ended 2023 with 7.6 million active traders, while Zerodha had around 6.7 million. AngelOne, a Mumbai-based stock trading company, ranked third with 5.3 million active traders.
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Meta measures safeguard teens: Meta introduces additional measures to safeguard teens on its platforms

Tech giant Meta said it has developed more than 30 tools and features to help support teens and their parents. So, now, if a teen wants to change certain settings on Instagram, they will need approval from their parents through Instagrams parental supervision tools.
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oyo funding: Khazanah in talks to lead Oyo Hotel's $400 million fund raise

Khazanah Nasional Berhad, the sovereign wealth fund of Malaysia, is in discussions to lead a $400 million funding round in Oyo Hotels & Homes Pvt., the Indian hotel-booking company backed by Softbank Group Corp. Oyo, founded by Ritesh Agarwal, filed for an IPO for the second time in March, but has not yet decided on the timing. The company is seeking funds for expansion and debt reduction.
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CoinDCX: CoinDCX and Solana Foundation earmark Rs 25 crore grant for Web3 developers

Solana is a public blockchain known for its high-performance network across use cases such as finance, non-fungible tokens (NFTs), payments, and gaming. The Solana cryptocurrency is one of its most adopted and traded products across the globe, rated third after Bitcoin and Ethereum.
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Future Labs programme: India to soon launch Future Labs programme: MoS IT Rajeev Chandrasekhar

This programme will be launched in partnership among government labs, startups of India and large enterprises and corporations that are in the electronics space, he said. “This will include tier-1 electronics suppliers to automotive and industrial platforms in terms of designing systems for the future.”
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Ola Cabs: Ola Cabs Ebitda profitable; electrification, premiumisation the future: new CEO Bakshi

At an ebitda level, the standalone ride-hailing business earned Rs 250 crore in FY23, Bakshi said, against an ebitda-level loss of Rs 66 crore the previous year. It also saw revenue grow over 58% to Rs 2,135 crore during the year, he added.
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