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News on Medial
India's big data superiority to drive next global tech breakthrough: Former WEF MD Claude Smadja
Economic Times
·
2m ago
Medial
India's unique data superiority positions it to lead global technological breakthroughs, former WEF MD Claude Smadja says. With exceptional data collection and utilisation capabilities, India is poised to dominate AI and deep tech sectors. Contrasting with declining U.S. momentum and a strengthening China, Smadja believes this is India's critical moment to drive technological innovation and establish itself as a tech hub. His insights were shared at the India Global Innovation Connect 2025 in Bengaluru.
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Programmable, offline CBDC to drive next fintech wave, says NPCI MD
Economic Times
·
1y ago
Medial
The Reserve Bank of India's push for programmability and offline functionality in its central bank digital currency (CBDC) will drive the next wave in fintech, according to Dilip Asbe, MD of the National Payments Corporation of India (NPCI). The RBI's recent monetary policy meeting introduced the concept of programmable money and offline functionality in CBDCs, with potential benefits for government agencies and businesses alike. Asbe also highlighted the importance of Mumbai in the development of the Unified Payments Interface (UPI), which has seen over 100 billion transactions in 2023.
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Slice secures RBI nod to appoint ex-Andhra Bank executive as MD & CEO
Economic Times
·
1y ago
Medial
Satish Kumar Kalra, former executive director of Andhra Bank, has been appointed as the new MD and CEO of North East Small Finance Bank. The RBI has approved his appointment, and he has already assumed office. The bank is in the process of merging with fintech unicorn Slice, aiming to create a tech-first digital banking platform focused on financial inclusion in the northeastern states. Kalra's appointment is expected to help drive the bank's operational matters and aid in broader funding plans for the merged entity. The bank intends to offer home loans, business loans, and savings accounts to its customers.
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Flipkart product, tech head Jeyandran Venugopal may join Reliance Retail Ventures as CEO
Economic Times
·
3m ago
Medial
Jeyandran Venugopal, former Chief Product and Technology Officer at Flipkart, is reportedly set to join Reliance Retail Ventures as CEO. This move is seen as Reliance Industries' strategic step to bolster its retail sector with tech leadership. Venugopal, who led product management and innovation at Flipkart, is expected to exit in May. With Reliance Retail undergoing restructuring, his leadership aims to drive the next growth phase for their consumer-facing businesses.
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Xiaomi India Ropes In Ex-Motorola Exec Sudhin Mathur As COO
Inc42
·
11m ago
Medial
Sudhin Mathur has been appointed by Xiaomi India as its new head of business development. With his extensive experience in the consumer tech industry, including leadership roles at Sony Ericsson, LG Electronics, and Lenovo India, Mathur is expected to drive Xiaomi India's growth agenda. This appointment comes as Xiaomi plans to increase exports of its made-in-India devices and aims to ship 70 crore devices over the next decade.
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Former JSW Sports CEO launches ₹350 cr sports tech, gaming fund
Livemint
·
1y ago
Medial
Former CEO of JSW Sports, Mustafa Ghouse, and former investment director of TVS Capital and Sabre Partners, Alok Samtaney, have established a sports tech and gaming fund called Centre Court Capital (CCC). The fund, worth ₹350 crore, already has ₹200 crore pledged by investors including the Sajjan Jindal Family Trust. Other investors include Sidbi, PremjiInvest, GMR Sports, and SG Sports. CCC will focus on early-stage opportunities in the sports tech space, with plans to raise capital from international investors through an offshore feeder fund in Gift City. India's gaming sector, with 396 million gamers, is expected to grow at a CAGR of 21% over the next five years.
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Private funding in India's insurtech sector set to cross $1 billion in the next 12 months: Report
IndianStartupNews
·
10d ago
Medial
A report by The Digital Fifth and Perfios projects India's insurtech private funding to exceed $1 billion in the next year. The report outlines a transformative shift in the insurance sector with digital channels gaining traction. Key shifts include tech investments, digital transformation, and increased automation in life insurance onboarding and retail non-life claims. The sector faces structural challenges like low insurance penetration, but initiatives like NHCX and Bima Sugam aim to drive innovation and modernisation.
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Ex-GVFL MD Kamal Bansal joins Steptrade as an advisory board member
IndianStartupNews
·
1m ago
Medial
Kamal Bansal, former MD of GVFL, has joined Steptrade's advisory board. Steptrade, a SEBI-registered investment management entity, aims to expand in the capital market with Bansal's 25 years of experience in venture capital, public markets, and investment banking. Bansal's expertise is expected to enhance Steptrade's strategic depth and institutional scale. Currently, Bansal is also the founder of BRK Ventures, focusing on tech, sustainability, and scalable impact investments.
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Smile Group appoints former AstraZeneca exec to lead healthtech venture studio
VCCircle
·
2m ago
Medial
Smile Group has appointed Gagandeep Singh Bedi, former AstraZeneca Pharma India MD, as managing partner to lead its new healthtech venture studio. Bedi brings 25 years of healthcare experience, having worked with firms like Boehringer Ingelheim and Eli Lilly. He significantly contributed to AstraZeneca India's growth and its COVID-19 vaccine response. Smile Group, focused on scaling ventures in high-growth markets, sees AI in healthcare as a booming $50 billion opportunity in APAC.
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PayU Payments Appoints Ex-HDFC MD Renu Sud Karnad As Chairperson Of Board
Inc42
·
1y ago
Medial
PayU Payments, a digital payments major backed by Prosus, has made five new appointments to strengthen its board. Renu Sud Karnad, former MD of HDFC, joins as an independent director and chairperson. Other appointments include Gopika Pant and Jairaj Purandare as independent directors, Laurent Le Moal, former global CEO of PayU Group, as a non-executive and non-independent director, and Jan Bune as a non-executive and non-independent director. The board members will provide strategic counsel to guide PayU Payment in its next phase of growth. PayU Payments offers payment gateway solutions to online businesses and is preparing for a $500 million IPO.
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Need to address stakeholders' concerns to realise India's AI ambition: Google India MD
Economic Times
·
10m ago
Medial
- Google India MD Roma Datta Chobey emphasizes addressing concerns of all stakeholders for India's AI ambition. - AI has the potential to unlock economic value of Rs 33 lakh crore by 2030 in India. - Google has played a significant role in bridging the digital divide in India over the past 20 years. - India's digital revolution boasts over 800 million internet users and the world's lowest data cost. - Three main pillars guiding Google India's efforts: empowering individuals through AI, advancing the AI ecosystem, and cultivating an agile workforce for an AI-powered world. - India's digital journey's next chapter will be shaped by the choices made today.
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