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Bloomberg Quint

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Alarming: API Attacks Surge 3,000% In Q3, Finds Research

  • API attacks have surged by 3,000% in Q3, according to research by Indusface.
  • Last quarter witnessed over 1.2 billion attacks, including 271 million API attacks.
  • API-focused attacks were 85% more frequent than attacks on websites.
  • DDoS attacks and bot attacks have increased significantly, impacting a large number of websites.

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HinduBusinessLine

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Bharat Forge secures ₹1,650 crore in QIP amid strong investor demand

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  • Bharat Forge Limited has secured ₹1,650 crore through a Qualified Institutional Placement (QIP) due to strong investor demand.
  • Over 90% of the allocation was given to domestic and foreign long-only funds and insurance companies.
  • The shares were priced at ₹1,320 per share, slightly below the SEBI-determined floor price of ₹1,323.54.
  • The proceeds will be used for debt repayment and funding inorganic growth initiatives.

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VIE Stories

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Reliance Industries Seeks up to $3 Billion Loan for Debt Refinancing

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  • Reliance Industries is seeking a loan of up to $3 billion to refinance its debt due next year.
  • Around six banks are involved in the discussions, and the loan is expected to be offered to the wider market in early 2025.
  • Reliance Industries has around $2.9 billion in debt due in 2025, including interest payments.
  • If approved, this loan will mark Reliance Industries' return to the international market since 2023 when it raised over $8 billion in loans.

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Startup Pedia

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“This Make Me So Sad,” Netizens Triggered by Bengaluru Startup's ‘Human Ads’

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  • A 'human ad' for the food delivery startup, Swish, is going viral on social media.
  • The advertisement shows Bengaluru men carrying billboards to promote the food delivery app.
  • Netizens have criticized the use of humans as walking advertisements for being exploitative and lacking dignity.
  • This is not the first time Bengaluru has witnessed unique billboard advertisements, as a 3D billboard featuring a man pouring a beverage went viral a few months ago.

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Bloomberg Quint

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LG Electronics IPO: How Is India's Second Largest Consumer Electronics Seller Valued

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  • LG Electronics, India's second-largest home appliances and consumer electronics major, may see its Korean parent company sell 15% of its equity through an IPO, valuing it at around $12.5 billion.
  • Over 70% of LG Electronics' revenue comes from home appliances.
  • The company's first-quarter contribution from home appliances reached nearly 78%.
  • LG Electronics' industry peers in India include Havells, Blue Star, Voltas, and Whirlpool.

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Pymnts

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Scam-Related Fraud Jumped 56% in 2024, Surpassing Digital Payment Crimes

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  • Scam-related fraud increased by 56% in 2024, surpassing digital payment fraud.
  • Financial losses from scams rose 121%, accounting for 23% of all fraudulent transactions.
  • Fraudsters exploit vulnerabilities in human behavior and use deceptive tactics to manipulate individuals into authorizing fraudulent transactions.
  • Financial institutions are investing in advanced technologies such as behavioral analytics and fraud score solutions to combat the growing threat of scams.

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VIE Stories

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Image Credit: VIE Stories

Netrasemi has raised Rs 10 crore in Pre-Series A Round Funding

  • Netrasemi, a semiconductor startup based in Kerala, has raised Rs 10 crore in pre-Series A funding.
  • The funding was led by Unicorn India Ventures and will be used for developing Edge AI for Internet of Things products.
  • Netrasemi aims to create ML SoC chips, such as Netra A2000 and Netra R1000, for AI-based analytics in smart IoT devices.
  • The company has received positive feedback and expects robust revenue growth from chip design and porting services.

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ISN

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India witnessed 6 startups achieve unicorn status in 2024; here are the names

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  • India's startup ecosystem thrived in 2024, with six startups achieving unicorn status, surpassing 2023's two unicorns, Zepto and InCred Finance.
  • The 2024 unicorns include AI startup Krutrim AI, traveltech RateGain, fintech Perfios, EV manufacturer Ather Energy, bike taxi aggregator Rapido, and lending firm Moneyview.
  • Krutrim AI led the pack in January, followed by RateGain in February, and Perfios in March. Ather Energy joined in August, with Rapido and Moneyview achieving the milestone in September.
  • These startups secured significant funding from investors, reflecting growth across diverse sectors like AI, fintech, EVs, and travel.

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Insider

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Marc Benioff says Big Tech's 'excessive' AI spending is a 'race to the bottom'

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  • Salesforce CEO Marc Benioff criticizes excessive AI spending by competitors, calling it a 'race to the bottom'.
  • Benioff plans to capitalize on rivals' spending to improve Salesforce products and make them more cost-effective.
  • Salesforce's architecture and use of other companies' data centers allow them to spend less on AI.
  • Benioff also emphasizes the need to manage energy use and criticizes competitors' investment in nuclear energy.

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TechSpot

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Global Internet traffic grew 17.2% in 2024 in another banner year for Google, SpaceX, and Facebook

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  • Global Internet traffic increased by 17.2% in 2024, according to Cloudflare's annual year in review.
  • Android devices accounted for over two-thirds of mobile traffic, with Android having a greater than 90% share in over 25 regions.
  • More than 40% of global Internet traffic originates from mobile devices, marking a significant shift in connectivity over the past 15 years.
  • Google remained the most popular Internet service provider, followed by Facebook, Apple, TikTok, and Amazon.

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Analyticsindiamag

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The Future of AI Agents Belongs to Amazon, Thanks to AGI SF Lab

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  • Amazon has announced the creation of the Amazon AGI SF Lab, a dedicated team based in San Francisco that will develop highly capable AI agents.
  • The lab will be seeded by the team hired from AI startup Adept, and will focus on enabling AI agents to perform real-world actions, learn from human feedback, and infer goals.
  • Amazon aims to combine large language models with reinforcement learning to solve reasoning and planning, learned world models, and generalizing agents to physical environments.
  • Amazon CEO Andy Jassy highlighted the cost-effectiveness and multimodal capabilities of the recently announced Nova models, which offer performance parity with industry-leading models.

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Crypto-News-Flash

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Bitcoin Faces Quantum Threat? Google Unveils Willow Chip Breakthrough

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  • Google has unveiled its quantum computing chip called Willow, which can solve computational problems in less than five minutes.
  • This has raised concerns among Bitcoin users about the possibility of Google cracking the code for the asset.
  • However, experts explain that Google's breakthrough is still far from being able to decrypt cryptocurrencies.
  • Tech entrepreneurs and experts believe that Google's breakthrough highlights the need for post-quantum cryptography and encryption.

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Economic Times

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Business banking platform Infinity secures maiden funding from Y Combinator and others

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  • Bengaluru-based business banking platform Infinity has secured $1.9 million in equity funding from Y Combinator, Liquid 2 Ventures, Script Capital, and angel investors.
  • Infinity focuses on helping businesses engaged in cross-border sales receive international payments for their products and services.
  • The startup was founded in 2023 by Sourav and Sidharth Choraria and aims to simplify global business banking processes.
  • In addition to payments, Infinity provides treasury management solutions to help businesses maximize returns on idle cash.

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Inc42

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Image Credit: Inc42

Amazon’s Venture Fund To Invest $120 Mn In Manufacturing, AI Startups

  • Ecommerce giant Amazon India will invest $120 Mn in startups that digitise consumer goods manufacturing.
  • The investment will be made through the Amazon Smbhav Venture Fund in partnership with the DPIIT.
  • The aim is to establish India as a global manufacturing hub and create job opportunities.
  • The Amazon Smbhav Venture Fund will expand to $350 Mn with this investment.

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Minis

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Hiring in IT sector to witness 15-20% growth in job opportunities: Report

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  • The Indian IT sector is set to witness a 15-20% rise in job opportunities in 2025, driven by demand for specialized roles in AI, machine learning, data analytics, and cloud technologies, according to NLB Services.
  • Fresher hiring is expected to surge, particularly in sectors like Global Capability Centres, BFSI, healthcare, and retail, with an anticipated 30-35% increase. 
  • Companies are also prioritizing tech upskilling to meet evolving demands.
  • While economic slowdowns previously impacted project pipelines, recovery in 2024 has positioned the industry for growth, with campus hiring emerging as a key focus for major firms in 2025.

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