CCI approves investment by Temasek unit in Speed ​​JVCO

The Competition Commission of India (CCI) said on Tuesday that it has cleared Ramon Investments Ptej, an arm of Temasek Holdings, to acquire a stake in Speed ​​JVco. Singapore-headquartered Temasek is an investment company. As of March 2024, the sovereign wealth fund has a portfolio of Singapore Dollar (SGD) 389 billion assets. “The proposed combination … Read more

CRED opens the door to optimized UPI transactions, an open source propeller

CRED has open source Propeller, its real-time communication platform designed to optimize communication between mobile apps and backend services. “We initially built Propeller to optimize the UPI payment flow, where every millisecond matters,” said Swami Sitharaman at CRED. “Traditional polling approaches mean we either overwhelm our servers with requests or keep users waiting unnecessarily.” Propeller … Read more

FAAD Capital has expanded globally with the launch of an investor network in Dubai

FAAD Capital, a Gurgaon-based angel fund, has launched an investor network in Dubai aimed at promoting global support and investment in Indian startups through engagement with non-resident Indians and local investors. The Dubai launch is in line with the strategy of establishing regional hubs locally and globally. Initially focusing on quarterly networking and investor meetings, … Read more