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  • CoinDCX Founders Questioned in Cryptocurrency Fraud Case; Firm Denies Allegations

    This article was generated by AI and cites original sources.

    Police recently questioned the founders of CoinDCX, a prominent cryptocurrency exchange, regarding a fraud case involving impersonation. The investigation, led by Thane Police, centers on fraudsters who allegedly posed as CoinDCX representatives to execute the scam. The case, as detailed in an FIR, revolves around individuals lured into a high-return crypto scheme linked to CoinDCX.pro, leading to losses amounting to Rs 71.6 lakh.

    Despite the accusations, CoinDCX refuted the claims, attributing them to impersonators attempting to tarnish the company’s reputation. The exchange emphasized its cooperation with authorities and highlighted measures taken to combat fraudulent activities, including reporting numerous fake websites to CERT-In.

    This incident follows a previous security breach in 2025 where $44.2 million was stolen from CoinDCX’s treasury. Notably, the exchange clarified that user funds remained unaffected during the breach. Rahul Agarwal, a software engineer at CoinDCX, was later arrested for his alleged involvement in facilitating the breach through a sophisticated attack on an internal wallet.

    Source: Entrackr : Latest Posts

  • Agnikul Cosmos Revolutionizes Booster Engine Production with 3D Printing

    This article was generated by AI and cites original sources.

    Agnikul Cosmos, a spacetech startup, has implemented 3D printing technology to manufacture booster engines in just 7 days, significantly reducing production timelines by up to 90-97%. This approach not only accelerates the manufacturing process but also enhances repeatability and minimizes potential failure points in engine production. The company’s streamlined production capabilities have caught the attention of multiple satellite operators, paving the way for potential collaborations and increased launch opportunities.

    The adoption of 3D printing highlights Agnikul Cosmos’ commitment to leveraging advanced technologies to transform traditional manufacturing practices within the space industry. By harnessing the power of additive manufacturing, the startup aims to achieve up to 30 launches annually, showcasing the efficiency and scalability of their production methods. As the company continues to advance its spacetech innovations, the potential for more frequent and cost-effective space missions becomes increasingly feasible.

    Source: Tech-Economic Times

  • Indian Global Capability Centers Embrace Collaborative Partnerships

    This article was generated by AI and cites original sources.

    A significant shift is underway in India’s technology landscape, as the majority of global capability centers (GCCs) are now opting to collaborate with external partners rather than pursuing the do-it-yourself (DIY) approach, as reported by Tech-Economic Times. This marks a notable departure from the previous trend where large multinational corporations independently constructed these centers.

    The decision to embrace external partnerships reflects a broader industry trend towards fostering synergies and tapping into specialized knowledge to drive technological advancements. By leveraging the expertise and resources of external entities, these GCCs can enhance their operational efficiency and innovation capabilities, creating a collaborative ecosystem that propels technological growth.

    Industry experts highlight that this transition underscores the evolving landscape of technology operations in India, as GCCs recognize the strategic advantages of partnering with external companies. Embracing external collaborations enables these centers to access a diverse range of skills and perspectives, fostering a dynamic and innovative environment.

    Source: Tech-Economic Times

  • Accel-Prosus Partnership Invests in Six Indian Startups Across Diverse Tech Sectors

    This article was generated by AI and cites original sources.

    Accel and Prosus have recently provided early-stage funding to six promising Indian startups through their Atoms X program. The selected startups cover a diverse range of technology sectors, including air purification, space technology, cancer diagnosis, and elder fitness. This strategic partnership involves Prosus matching Accel’s investments in these startups, with funding amounts varying between $200,000 to $1 million from each side, ultimately granting startups access to a total of up to $2 million in capital.

    These investments signify a significant boost for the Indian startup ecosystem, highlighting the growing interest and support for innovative tech solutions in areas crucial to society. The backing from Accel and Prosus not only provides financial resources but also validates the potential impact and viability of the startups’ technological advancements.

    With key focus areas such as air purification, space technology, healthcare, and elder fitness, the startups stand to make substantial contributions to their respective fields, potentially driving forward advancements that could benefit a global audience. The Atoms X program’s investment in these startups underscores the importance of nurturing and empowering tech entrepreneurs who are pioneering solutions to real-world challenges.

    Source: Tech-Economic Times

  • Attox Research Lab’s Rapid Antibiotic Sensitivity Device Accelerates Bacterial Treatment

    This article was generated by AI and cites original sources.

    Attox Research Lab, a Chennai-based healthtech startup, has introduced a device that is transforming the way doctors combat the rise of antibiotic-resistant bacteria. The startup’s innovation is a rapid antibiotic sensitivity analysis device, capable of quickly determining the most effective antibiotic to treat a specific bacteria found in a patient’s sample. Utilizing advanced AI technology, this process that once took 24-78 hours now delivers results in just two hours, significantly expediting treatment decisions and improving patient outcomes.

    By enabling healthcare professionals to quickly identify the most suitable antibiotic, Attox Research Lab’s device empowers them to combat antibiotic resistance more effectively. This development could potentially enhance the approach to treating bacterial infections, offering a more targeted and efficient solution to one of the most pressing challenges in modern medicine.

    Source: YourStory RSS Feed

  • New Mexico Jury Finds Meta Guilty of Harming Children’s Mental Health and Safety

    This article was generated by AI and cites original sources.

    A New Mexico jury has delivered a significant verdict, finding that Meta, the parent company of Instagram, Facebook, and WhatsApp, knowingly impacted children’s mental health and failed to address issues of child sexual exploitation on its platforms. The decision, following a lengthy trial, highlights concerns over Meta’s prioritization of profits over user safety.

    The jury concluded that Meta violated parts of New Mexico’s Unfair Practices Act by allegedly concealing information about the risks of child sexual exploitation and the negative effects on children’s mental well-being. The company was accused of making false statements and engaging in unfair trade practices that targeted the vulnerabilities of young users.

    Each violation was counted separately, resulting in a substantial penalty of $375 million. Meta, while expressing disagreement with the verdict, intends to appeal the decision, emphasizing its ongoing efforts to enhance platform safety and combat harmful content.

    This case is part of a broader legal landscape where social media companies face increasing scrutiny over their impacts on young users. The outcome of this trial may influence future regulations and practices within the tech industry to safeguard children online.

    Source: mint – technology

  • Food Delivery Startup Swish Secures $38M in Series B Funding

    This article was generated by AI and cites original sources.

    Swish, a food delivery startup, has successfully raised $38 million in its Series B funding round, as reported by YourStory RSS Feed. The funding was led by Hara Global and Bain Capital Ventures, with participation from existing investor Accel, as well as debt investors Alteria Capital and Stride Ventures. This latest funding round represents Swish’s third capital raise in just 18 months.

    The $38 million investment will bolster Swish’s technological infrastructure, allowing the startup to enhance its food delivery platform, streamline operations, and potentially expand its services to new markets. This funding showcases the confidence that prominent venture capital firms have in Swish’s technological capabilities and growth potential within the competitive food delivery sector.

    Swish’s ability to secure significant funding underscores the importance of technology in revolutionizing traditional industries such as food delivery. As the company continues to innovate and optimize its tech-driven solutions, it remains poised to make a notable impact in the evolving realm of food delivery services.

    Source: YourStory RSS Feed

  • RN Kids Secures $760K Pre-Seed Funding for Pediatric Wellness Solutions

    This article was generated by AI and cites original sources.

    Pediatric wellness startup RN Kids has secured approximately $760,000 in a pre-seed funding round. The funding saw participation from notable investors like Ashish Kacholia, Lashit Sanghvi, and several angel investors. Founded in September 2025 by Rushabh Nandu and Nihar Parekh, RN Kids is dedicated to creating clean label, clinically supported formulations catering to children’s everyday health requirements.

    Identifying a gap in managing common pediatric health concerns such as growth, immunity, gut health, and respiratory issues, the founders aim to develop clean formulations with innovative delivery methods to meet the demands of informed parents seeking effective and convenient solutions for their children.

    The startup plans to launch six signature products by the end of July through various online platforms like Amazon, Flipkart, and its direct-to-consumer website. Future plans include expanding into quick commerce and offline retail channels to reach a wider audience.

    Source: Entrackr : Latest Posts

  • Enforcement Directorate Tracks Over Rs 35,000 Crore in Cybercrime Proceeds

    This article was generated by AI and cites original sources.

    The Enforcement Directorate (ED) has identified over Rs 35,000 crore in proceeds linked to 257 cybercrime cases, the agency revealed during a session in the Lok Sabha. This announcement sheds light on the significant financial implications of cyber offenses.

    The ED collaborates with various agencies and leverages platforms like SAHYOG and Samanvaya to gather and analyze data related to cybercrimes. The establishment of a new standard operating procedure underscores the agency’s commitment to enhancing the efficiency of managing complaints and streamlining coordination with different states and union territories.

    This development underscores the growing importance of leveraging technology and data analytics in combating cyber threats. By employing advanced tools and streamlined processes, law enforcement agencies can effectively track illicit financial activities and strengthen their efforts in curbing cybercrime.

    Source: Tech-Economic Times

  • DevX Secures ₹35 Cr Investment from Infibeam Projects to Fuel Coworking Expansion

    This article was generated by AI and cites original sources.

    DevX, a coworking space provider, has secured a ₹35 Cr investment from Infibeam Projects Management and its cofounders. The company’s board has approved issuing warrants to the promoters for this investment. Additionally, up to 44.44 Lakh equity shares will be offered to Infibeam Projects Management, solidifying their stake in DevX.

    This strategic move aims to strengthen DevX’s financial position and support its growth trajectory in the coworking space industry. By securing investments from key stakeholders, DevX positions itself for further expansion and innovation in its service offerings.

    Furthermore, the recent restructuring of preference shares and equity stake transfers within the company indicates a focused approach towards optimizing resources and enhancing internal operations for sustained development.

    The collaboration between DevX and Infibeam Projects Management underscores a strategic partnership that leverages financial backing to drive technological advancements and operational efficiency within the coworking segment.

    Source: Inc42 Media