Launched in February this year, Singapore-headquartered hyperlocal AI startup, Nextbillion.ai aims to deliver a range of hyperlocal solutions for global and emerging economies.

The net profit was nine-fold higher than Rs 6 crore reported in first quarter of current fiscal. Revenue also rose over 32 percent from the June quarter.

The government has shot off a stern letter to Twitter CEO Jack Dorsey, conveying its strong disapproval over misrepresentation of the Indian map, and asserted that any attempt by the microblogging platform to disrespect the country's sovereignty and integrity is totally unacceptable. In a stronglyworded letter, IT Secretary Ajay Sawhney has warned the platform that such attempts not only bring disrepute to Twitter but also raises questions about its neutrality and fairness as an intermediary.

A second round of stimulus is a necessary condition for growth to sustain, R Srikrishna, CEO of Hexaware Technologies told CNBC-TV18.