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Ensure strict adherence to quick scroll @BS Indian law: Govt to Meta Gaming firm Nazara Tech raises ~733.5 cr via preferential issue aashish aryan out of India soon and will be Gaming firm Nazara Technologies on Thursday announced it New Delhi, 6 August unable to attend any further had raised around ~733.5 crore via preferential issue of equity meetings with the IT ministry shares. About ~583 crore of the investment is being made by The government has asked oicials on this trip, sources said Raymond Stauffer (pictured) , the incoming CEO. Meta to ensure strict adher- that technical, policy, and legal Post the allotment, Stauffer will hold 4.67 per ence to the law of the land, teams from India and the US will cent in the company. The shares are proposed to including its algorithms, continue to meet government be issued at ₹306 per share, which is at a checks and balances on con- oicials over the next three to discount to Thursday’s share price of ~352.50 per tent uploaded across its plat- four days to answer all queries. share. The preferential issue will be entirely forms, and whether the Kaplan has been accompa- subscribed by the founders and senior company has suicient guard- nied by Neil Potts, the vice- leadership team of Bluetile Games and rails to address potential trans- president of public policy at BestPlay Systems, which Nazara gressions, sources said. Meta, Rafael Frankel, the head acquired earlier this year. bs reporter The second consecutive me - Meta’s Chief Global Affairs of Asia Pacific public policy at eting between Union Electr on - Oicer Joel Kaplan (above) the company, Aman Jain, the ics and Information Technology met Union IT Minister head of public policy in India, HCLTech becomes Fisdom founders Minister Ashwini Vaishnaw and Ashwini Vaishnaw for a and other senior executives Meta’s Chief Global Affairs second day on Thursday during the meetings on Wed- OpenAI Advanced to exit Groww after Oicer Joel Kaplan took place nesday and Thursday. Partner to scale up wealth business late Thursday evening. cesses and systems the com- On Wednesday, before AI-native solutions integration Kaplan had met Vaishnaw pany has in place for various meeting Vaishnaw, Kaplan and on Wednesday as well, during kinds of content, and how it his team also met IT Ministry IT services major HCLTech Fisdom cofounders which he apologised to the decides content visibility. secretary S Krishnan and other on Thursday said it has Subramanya S V and Anand minister on behalf of the com- “We have given them cer- senior oicials. achieved “OpenAI Dalmia are set to move on pany for the erroneous take- tain action items on a range of The early afternoon meet- Advanced Partner” status to from fintech firm Groww down of Prime Minister issues that we have monitored ing, lasted about 45 minutes, help global enterprises after completing the Narendra Modi’s video, in over the last several days. For during which the ministry oi- build and scale AI-native integration of the wealth which he addressed students example, their delayed inac- cials questioned Meta execu- solutions using frontier management firm acquired protesting the leaking of the tion on the restoration of inad- tives on several aspects, such as models.As part of the last year by Groww. Groww question papers for the vertently taken-down posts the presence of child sexual OpenAI Partner Network, signed an agreement to National Eligibility Cum has been flagged. Similarly, we exploitative and abuse material HCLTech will work with the acquire Fisdom in May 2025 Entrance Test (Neet). have questioned them as to (CSEAM), the takedown of AI major to help and completed the all-cash On Thursday, during the how, despite mechanisms, Modi’s post, the presence and organisations build, deploy transaction in October that meeting that lasted more than there is proliferation of child proliferation of deepfake con- and scale up AI-native year, in one of the larger an hour, senior government sexual abuse material across tent across various platforms of solutions responsibly, consolidation deals in oicials from the Ministry of their platforms,” a senior gov- Meta, as well as the intermedi- securely and at enterprise India’s wealthtech sector. Electronics and Information ernment oicial said, asking ary’s inaction on the issues scale, the company said in a The acquisition added more Technology also questioned not to be named. raised by the Grievance Apellate statement. “HCLTech than 150 wealth advisers, Meta executives about the pro- While Kaplan is likely to fly Commitee, sources said. brings deep AI expertise over ₹10,000 crore in assets across industries through under management, bbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbb its portfolio of sector- research and advisory specific Industry AI capabilities, bank Telegram founder warns of new cyber Solutions, helping partnerships and licences enterprises use GPT-5.6 and spanning portfolio abuse method — ‘takedown extortion’ ChatGPT Work to accelerate management services and adoption and drive measu - alternative investment rable business value. pti funds. bs reporter aashish aryan Durov said. New Delhi, 6 August These attackers use auto- mated accounts to insert illegal India’s ₹125 trn small-biz procurement Pavel Durov, founder of peer-to- content in public groups and mkt an opportunity for digital platforms peer messaging app Telegram, then report it to the operators warned of an emerging form of of the platform to trigger an India’s small businesses are rapidly embracing cyber-enabled abuse known as enforcement action against the digital procurement, with four in five “takedown extortion” on targeted communities. expecting online sourcing platforms to Thursday. According to him, “In an instance, the attacker drive growth over the next three years, cybercriminals use this method allegedly exploited the mess- according to one of the country’s largest to target legitimate online com- Pavel Durov, founder & CEO, age editing feature by mod- surveys of micro, small and medium munities by exploiting platform Telegram ifying an older message with enterprises . The study, Digital Bharat: India moderation systems. illegal content, making it effec- Digital Procurement Report 2026, launched by “The tactics used by take- If an app used by more than a tively invisible to group India SME Forum estimates India’s MSME procurement down extortionists are evol- billion people can be removed members and preventing economy at ₹124.9 trillion, highlighting the vast spending ving, putting communities from the App Store without timely community reporting,” digital marketplaces are racing to capture. bs reporter across social platforms at risk. prior warning, any app can be,” Telegram said. vvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvv TECHNOLOGY 5 MUMBAI | FRIDAY, 7 AUGUST 2026 bbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbb [Showing first 8,000 characters — download PDF for full document]