AI spending in India set to reach $9.2 billion by 2028: Report
Artificial intelligence (AI) spending in India is set to grow at 35 per cent annually, reaching $9.2 billion by 2028, a report showed on Tuesday.
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It’s India’s fault local startups are trailing China
Piyush Goyal criticized Indian startups for focusing on consumer-facing services rather than deep tech and manufacturing, contrasting them with Chinese counterparts. While his assessment of the sector’s focus is accurate, the blame lies with the Indian government’s failure to create…
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India targets 300 million new users for UPI payments platform
India aims to onboard millions to its Unified Payments Interface (UPI) and promote its global adoption. NPCI plans to add 200-300 million users by introducing delegated accounts and expanding features. While UPI’s popularity surges, discussions around reinstating transaction fees to…
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Explainer: What AASB’s draft SA 600 means for LLP audits involving multiple auditors
With Limited Liability Partnerships (LLPs) growing more complex, how should auditors coordinate when multiple firms are involved? The Auditing and Assurance Standards Board (AASB) of ICAI’s draft SA 600 lays out the answers. ETCFO explains what the draft has highlighted.
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Govt to provide major part of ₹10000 crore startup fund to sectors like new age tech, AI
The 2016 scheme was set up to catalyse venture capital investments and is operationalised by the Small Industries Development Bank of India (SIDBI), which provides capital to Securities and Exchange Board of India (Sebi)-registered AIFs, which in turn invest in…
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Cashfree Payments appoints Piyush Anchliya as CFO
Cashfree Payments has named Piyush Anchliya as its new CFO, tapping his 15 years of global expertise to steer financial strategy. The move comes as the company secures key RBI licenses and $53M in funding to fuel its next phase…
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