Tuesday's news, 15 September.
These are the stories the quiz is written from, so reading on answers it.
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No charges on UPI transactions up to Rs 2,000: Govt
The government notified a Rs 2,000 threshold below which no charges apply, and the directive covers both UPI and RuPay debit card payments. Above Rs 2,000, merchant payments attract a 0.4% fee capped at Rs 300 from October 15.
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Trump says AI safety fears a 'hoax' as he rejects calls for greater safeguards
Trump dismissed AI safety alarm as a hoax and rejected calls for tighter safeguards, after Anthropic co-founder Jack Clark told the BBC that an AI kill switch may need to be made mandatory.
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RBI files caveat in HC in move to protect its position in Tata Sons listing dispute
The RBI filed a caveat in the Bombay High Court so it gets to argue its case before any court grants interim relief to Tata Sons or others challenging its listing order. The Tata Sons board meets on September 17.
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Karnataka Gets Rs 3,600 Crore Semiconductor Investment From US-Based Applied Materials
Applied Materials will invest Rs 3,600 crore in Bengaluru, focused on R&D, chip production software and equipment manufacturing, Karnataka's minister said.
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US borrowing costs hit highest level since 2007
The US 10-year Treasury yield touched 5.04%, its highest since 2007, before easing back. Rising US yields are feeding worries about foreign flows into Indian stocks.
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Amazon Now reaches $1B annualised sales as quick commerce moves beyond metros
Amazon Now crossed $1 billion in annualised gross sales, and Amazon is adding 20 fulfilment centres, six sort centres and 150 delivery stations across 118 cities for the festive season.
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AI coding agent startup Factory triples valuation to $5 billion in latest funding round
Factory, which builds AI coding agents, tripled its valuation to $5 billion in its latest round as investors keep pouring money into AI-assisted software development.
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NCPCR summons Meta India head again, Capgemini VP as child abuse probes deepen
NCPCR summoned the Meta India head again on September 16 over alleged child sexual abuse ads on Instagram, and also called a Capgemini vice president. Meta has since agreed to report such cases to India's I4C.
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Intel-Backed Altera Files Confidentially For US IPO Amid AI Boom
Intel-backed Altera, which makes programmable chips used in data centres, telecom networks, industrial machinery and defence, filed confidentially for a US listing.
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Consumer protection body imposes Rs 10 lakh penalty on Rapido for use of dark patterns
The CCPA fined Rapido Rs 10 lakh, finding it used confirm shaming and interface interference in pre-ride tipping prompts, and ordered it to stop practices that push users towards higher payments.
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Oracle layoffs: ‘Some difficult news’ - Read US tech giant’s complete email to affected employees
Oracle started a new round of layoffs across multiple departments, offering four weeks of base salary plus one week's pay for every year worked, even as it ramps up AI and data centre spending.
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Fibe gets Sebi approval for Rs 750 crore IPO
Fibe, formerly EarlySalary, received SEBI clearance for its Rs 750 crore IPO. Investors including TPG's The Rise Fund, Norwest, Chiratae, Piramal Finance and Eight Roads are selling shares.
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Revolut wins Colombia bank license, targeting 2027 launch
Revolut won a Colombian bank licence and said it would invest an additional $62 million there in digital banking infrastructure, doubling its initial commitment.
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AI content startup Flam raises $40M from QED Investors, Shah Rukh Khan, and others
AI content startup Flam, based in Bengaluru and San Francisco, raised $40 million led by QED Investors, with Shah Rukh Khan among backers. The money goes to R&D, product expansion and enterprise sales.
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Samsung invests in Nvidia rival: Dutch AI chip startup gets $230 million funding as quest for alternatives grow
Samsung was the investor named in the $230 million round for the Dutch AI chip startup pitched as an Nvidia alternative.
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Solar Industries acquires South Africa’s Omnia Holdings for $1.36 billion
Solar Industries is acquiring a 100% stake in Johannesburg-based explosives and agri-products maker Omnia Holdings for $1.36 billion, and expects to triple revenue in two years. Its shares fell about 13.6% on September 15.
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OpenAI, Anthropic, Google have been in talks on AI safety for weeks
OpenAI confirmed it has been in AI safety discussions with both Anthropic and Google DeepMind for weeks, even as the Trump administration dismisses safety concerns and pushes to keep pace with China.
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All Indian developers must complete KYC to sell internationally: Google
Google has asked Indian developers selling internationally to complete KYC verification, since those transactions fall under the RBI's Payment Aggregator Cross Border framework.
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Novastar Partners Backs Pre-Seed Stage Focused VC Firm AJVC
Novastar Partners invested an undisclosed amount in AJVC, the pre-seed stage firm led by Aviral Bhatnagar, as its maiden India bet.
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Mazagon Dock To Invest Rs 27,000 Crore For Shipbuilding Cluster To Generate 90,000 Jobs
Mazagon Dock will invest Rs 27,000 crore in a shipbuilding cluster under the Centre's Greenfield Shipbuilding Cluster Development Plan, with 90,000 jobs expected.
