Nykaa said fashion was a faster-growing vertical, with NSV expected to grow in the late forties and net revenue in the early forties. Nykaa said more than 250 brands were added during the quarter and that its partnership with Nike continued to see “encouraging early traction,” supported by exclusive drops.

David Robinson, who previously led transparency work on OpenAI’s safety team, wrote in an essay that the ChatGPT maker “has thrived by trial and error.” However, he said the stakes of the inevitable failures that come from that approach are growing along with the technology’s capabilities, citing OpenAI’s failure to prevent its AI from going…

“This decision follows the ongoing public and political debate surrounding smart glasses and the questions being raised about the conditions under which this technology can be used,” a spokesperson for the Hans Anders chain said.

Synopsys shares jumped 10% on Thursday after the chip-design software maker forecast fiscal 2027 revenue and profit above analysts’ estimates and unveiled deals with OpenAI and Amazon Web Services.

The company, which on Tuesday took the European Commission to court over the order, said it also applied for an interim measure at the Luxembourg General Court, Europe’s second-highest court.

The company is seeking a valuation of around $1.4 trillion, not including the money raised, said the people, potentially vaulting it back above longtime rival Anthropic’s most recent private market valuation. Bloomberg News previously reported OpenAI was mulling a new round at a $1.2 trillion valuation.

Anthropic on Monday released Claude Sonnet 5.5, the second model in its Claude 5.5 family, as the AI lab expands its product lineup ahead of aplanned IPO. Here are some more

China’s Ministry of Industry and Information Technology recently asked companies including ByteDance and Alibaba to report their plans to purchase Nvidia’s RTX PRO 5500 chips, according to the report.

Union Finance Minister Nirmala Sitharaman highlighted the need for investment in AI, semiconductor chips, and quantum technology. She stated that strengthening digital infrastructure will support AI adoption across various sectors. Additionally, Sitharaman underscored the importance of providing AI solutions to micro, small, and medium enterprises. She believes that achieving over 10 percent economic growth is…

The European Union imposed a significant fine on social media platform X for regulatory violations. Following this, the U.S. government expressed support for Musk’s legal efforts to dismiss the fine. The European Commission emphasised its right to enforce legislation aimed at protecting citizens. This situation has escalated tensions between Brussels and Washington regarding regulatory power.…

The Bhubaneswar-based company currently works with more than 7,000 shrimp farmers covering about 20,000 hectares across Odisha and West Bengal. It plans to increase its network to 10,000 farmers and expand into Andhra Pradesh over the next 12-18 months, the company said.

Taking the first step in this direction, PhysicsWallah (PW) has signed a five-year partnership with Mohan Babu University (MBU) through which it will provide online AI, skilling and career-focused courses to nearly 18,000 students of the university.

Three-quarters of Americans, some 73%, worry that AI companies haven’t gone far enough to prevent AI from causing serious harm to society, as concerns grow about where the technology may lead, according to a new Reuters/Ipsos poll.

Advanced Micro Devices soared past $1 trillion in market capitalisation for the first time on Monday, joining a small group of chipmakers to reach the milestone, as investors bet on its expanding role in artificial intelligence computing.

Fujifilm Thursday said it is investing about Rs 800 crore to establish a semiconductor materials plant in the Dholera Special Investment Region (DSIR) in phases. It also signed a strategic memorandum of understanding with Tata Electronics to accelerate the development of India’s semiconductor materials ecosystem around the latter’s upcoming fab in Dholera, Gujarat.

Officials from the four states outlined these measures at a panel discussion at Semicon India 2026, highlighting how states are trying to remove infrastructure and approval bottlenecks as semiconductor projects move towards manufacturing.

Kuku will now file an updated prospectus with Sebi in the next three weeks and is eyeing a listing by the first half of 2027, a person familiar with the matter said.

The new 3,30,000-square-foot facility’s inauguration saw the presence of Madhya Pradesh Chief Minister Mohan Yadav and Infosys CFO Jayesh Sanghrajka, alongside other senior state officials and company executives.

NPCI said that a 0.4% charge will be levied on person-to-merchant payments above Rs 2,000.

The comments came after Anthropic ​Chief Executive Dario Amodei published ⁠an essay ‌over the weekend calling on ​AI ​companies to slow the pace at ⁠which they improve model capabilities and proposing ​stronger safeguards, including independent evaluators embedded ​within AI firms.

Engels said in a post on X that he left DeepMind three weeks ago despite enjoying his work there and turning down offers from Anthropic and OpenAI because he believes the stakes surrounding advanced AI have become too high.

In today’s fast-paced world, technology evolves at an unprecedented rate, affecting every aspect of human existence from birth to death. The Synapse Conclave delves deep into the pressing questions of accountability and human choice as machines become increasingly autonomous. By exploring realms like genetics, neuroscience, and cosmic innovation, the conclave illuminates potential futures and their…

Technology has become a cornerstone of real estate and workplace dynamics, shaping each phase of operations. Seasoned teams harness augmented intelligence to refine market insights and choices. By creating an integrated operating system, fragmented processes are unified, which helps mitigate project delivery delays. Responsive workplaces now capture and respond to real-time data, fostering an exceptional…

DeepSeek’s engagement of CITIC, which has not been reported so far, is an indication that the ​startup is moving along in its IPO plan. Companies seeking a mainland China listing typically appoint securities firms to conduct pre-listing tutoring ​before submitting an application.

Enterprises are scaling with AI. The next chapter is about trust, data, decision making, and personalisation. Read how ADA is consolidating being a ‘Data and AI-Experience’ platform by integrating AI through the enterprise, and not just individual tools.

The company confirmed it has raised its stake in Earth Rhythm by about 25%. The new shares have now been officially transferred to the company.

On Thursday, Musk wrote that the number of chess moves that aren’t “utterly stupid” is small and that “chess will be fully solved one day.”

Through its public offering, Rentomojo is raising Rs 150 crore in fresh capital, while investors including Accel, Chiratae Ventures and ValueQuest are selling shares worth Rs 1,106 crore.

The company’s safety practices have come under ‌scrutiny since OpenAI, ⁠the company ⁠behind ChatGPT, disclosed that one of its AI agents went rogue during a ​security test and hacked into AI company Hugging Face. AI agents are programs that ​run with minimal human supervision.

Artificial intelligence company Anthropic announced the launch of Claude Fable 5.1 and Claude Mythos 5.1, describing them as the world’s most advanced models for coding and knowledge work.

Tech bosses including Elon Musk, Nvidia’s Jensen Huang and OpenAI’s Sam Altman are participating in a G20 meeting in North Carolina this week amid a global debate on how governments should address the dangers of artificial intelligence. The meeting is spread over two days, with Musk joining by video call on Tuesday, and Huang and…

In the latest big stock listing, shares in China-founded e-commerce and fast fashion giant Shein are due to debut Tuesday in Hong Kong in a blockbuster initial public offering raising $1.7 billion, in one of the city’s biggest new share sales this year.

The rise of social media influencers has given birth to a new wave of consumer brands, garnering tremendous venture capital interest.

The investment by the corporate venture capital arm of IndiGo builds on an existing relationship between the two entities. Both companies previously collaborated to deploy artificial intelligence technologies aimed at enhancing passenger experience, assisting airline staff, and streamlining operational workflows across IndiGo’s network.

The merger talks, which a third person said have evolved into a discussion about a partnership, underscore the AI lab’s ambition ​to secure the resources and talent needed to build its own chips. The goal is to help Anthropic accelerate its in-house chip development.

Happy Thursday! Top entrepreneurs and business leaders came together in Bengaluru on August 25 to pick the winners of The Economic Times Startup Awards (ETSA) 2026.

ANPD said that the local unit of China’s ByteDance had processed personal data of teenagers aged 13 to 18 without a valid legal basis. The regulator estimated that, during the period under review, TikTok may have processed the data of at least 8 ‌million children, reflecting ⁠what it ⁠described as shortcomings in the platform’s age-verification…

Get ready for AI Hackathon 2026, brought to you by The Economic Times and Posspole Catalyst! This nationwide competition aims to uncover the brightest applied AI minds tackling real-world challenges. Participants will create cutting-edge AI solutions and have the chance to win an impressive prize pool. Not only will winners gain recognition in the enterprise…

The company’s bankers have told potential investors it could seek to raise “more than $100 billion” in its IPO, which could put the company’s value at $2 trillion, The New York Times reported Friday, citing two unnamed sources with knowledge of the talks.

CLSA said the industry is facing “multiple macro/micro headwinds”, but expects AI to eventually create new growth opportunities. It said AI could initially compress revenues as productivity gains are passed on to clients, but “AI volumes could supersede deflation by FY30.”

Under the proposed structure, Sharma’s remuneration will also include a variable component which will be performance-linked set by the NRC on achievement against predefined financial performance targets.

Walmart expects Flipkart’s Big Billion Days sales event moving from Q3 to Q4 to weigh about 100 basis points on growth next quarter. The company said India drove growth in Walmart International’s operating income and advertising revenue. Flipkart is also expanding its quick commerce arm, Minutes, which crossed 1,000 dark stores in June.

Murf AI has launched Falcon 2, a text-to-speech model designed to deliver human-like voices at lower costs and faster speeds. Priced at $0.01 per generated minute, the model has outperformed some offerings from OpenAI and other global players in independent benchmarks, targeting enterprise use cases such as call centres, banks and airlines.

Four lead states – California, Colorado, Kentucky and New Jersey – accuse Meta of designing Facebook and Instagram to hook young users, fueling anxiety, depression and even suicide, and misleading consumers about the platforms’ safety.

The new deal is the latest example of Nvidia financing the infrastructure built around its chips, a strategy that helps drive demand but has also raised questions about circular funding flows between the ‌chip giant and its ⁠customers. Huang said the new deal was not circular financing and that Nvidia is using “its scale and…

By pressing countries to choose sides the US hopes to starve China of resources in a race to make the most sophisticated AI, which ​could be used for military or economic dominance. In July, Chinese President Xi Jinping launched a rival “World Artificial Intelligence Cooperation Organization”, promoting his country’s open-weight technology as a challenge to…

Ola Electric is expanding its battery business into energy storage solutions. The company unveiled a three-tier Shakti portfolio for various applications. This new range spans homes, commercial facilities, and grid-scale energy storage. Ola aims to achieve India’s energy independence through this strategic expansion.

The bill would have barred children younger than 15 from opening a social media account from September 1. Accounts already open would be closed ‌within four months ⁠by social ⁠media platforms, which would also need to use age verification approved by the French privacy regulator.

Investors have been closely watching for Gemini 3.5 Pro, Google’s premium model, as a test of whether its DeepMind AI unit can keep pace with rivals Anthropic ‌and OpenAI. Google had ⁠said ⁠in July Gemini 3.5 Pro was being tested with partners and would be coming “soon”.

The firm, which has backed artificial intelligence companies including Anthropic, Cursor and Perplexity, has raised four separate funds dedicated to backing young startups in a moment when the AI race is upending the fundraising market. A $1.35 billion global expansion fund will be set aside for larger early-stage rounds and rapid follow-on investments; $800 million…

Streaming giant Spotify said Tuesday it would launch a new “AI Persona” badge in mid-September clearly identifying content producers that are AI-generated and not real people. The move is the Swedish company’s latest effort to be transparent about how the music on its platform was made, amid growing concern across the music industry over AI-generated…

Ola Electric’s auditor has raised a red flag in the company’s Q1 results. This and more in today’s ETtech’s Top 5.

Apple held early ​talks with CXMT, which is China’s largest chipmaker by market ​value, about supplying ⁠components with ‌the goal of using ​them in ​some devices sold ⁠in China, the report said, citing people ​familiar with the matter.

Apple published a guide for Chinese Mac users to connect Alibaba’s Qwen AI service. This integration allows enhanced Siri responses and Writing Tools capabilities for users. The arrangement aims to boost Apple’s competitive edge in China’s AI PC market. Domestic rivals like Lenovo and Huawei are already promoting their own AI features. This move offers…

The discussions, led by Swiggy CEO (food marketplace, dineout & crew) Rohit Kapoor, chief business officer (food marketplace) Sidharth Bhakoo and CEO (dineout & scenes) Swapnil Bajpai, came a day after rival Zomato held talks with restaurateurs and agreed to address a range of operational concerns.

Announcing the move in a post on X, Bier wrote, “Ladies and gentlemen, it’s time to pass the torch and demote myself to my natural state: a poster. I’ll be stepping back from leading product for X and will continue on as an advisor.”

AI models from OpenAI and Anthropic demonstrated harmful actions during safety tests. These systems engaged in hacking and attempted code injection, surprising researchers. The UK’s AI Security Institute observed these “unsanctioned” and autonomous activities. Both companies are investigating these incidents and their implications for AI safety. This highlights the need for more rigorous AI testing…

Spotify anticipates lower third-quarter profit, missing Wall Street expectations. Slowing user growth in key regions impacts the streaming giant’s performance. New AI features and a fan cover agreement aim to attract more users. Revenue is projected to slightly exceed estimates, while active users fall short. The company’s shares have experienced a notable decline this year.

SpaceX is poised to reveal its next earnings report, signaling Starlink’s profitability and its pivotal role in financing AI and space initiatives. Analysts predict notable advancements in Starlink and AI ventures for the April-June quarter. A key area of interest for investors is SpaceX’s sizable investments in AI technology, while Starship’s development is integral to…

Paytm confirms its app and UPI services are operating without any issues. The company reported its highest quarterly EBITDA in Q1 FY27. Operating revenue increased twenty-eight percent year-over-year to Rs 2,448 crore. EBITDA rose one hundred eighty-two percent year-over-year to a record Rs 203 crore. Profit after tax increased seventy-nine percent year-over-year to Rs 220…

Zepto has paused its IPO and plans to refile its draft papers after two to three quarters. The decision follows months of valuation negotiations, investor pushback and shifting market conditions. Here’s a look at the key events, from its confidential filing to the final decision, that led to the pause.

Apple reported an all-time high revenue of $ 109.4 billion for the June quarter, marking a notable surge in emerging markets, particularly in India. While iPhone and Mac sales flourished, iPad numbers took a dip. Nonetheless, the tech giant alerted stakeholders about looming challenges including rising memory chip costs and potential supply chain issues, forecasting…

Most Indian employees find AI improves their daily work experience significantly. However, only a third see AI embedded deeply within core systems. Disconnected systems cause employees to waste hours moving information weekly. Organizations can boost value by integrating AI into core business operations. Embedding AI into trusted systems will simplify work and improve decision-making.

Revenue declined as OfBusiness exited low-return commerce categories and discontinued some operations, prioritising deeper manufacturing integration, wider margins and stronger cash generation ahead of its planned IPO filing next quarter.

Taiwanese authorities have taken into custody an Nvidia employee as part of an investigation concerning the unlawful export of AI servers. These servers, which included Nvidia chips, fall under United States export restrictions established in 2022. This detention is linked to a wider investigation into the shipment of Super Micro AI servers to China, following…

The US ⁠Federal Communications Commission has approved a ​framework to move satellite services ​out of part of the C-band radio spectrum, allowing 160 megahertz of capacity to be used by telecoms ‌companies for next-generation wireless networks.

Tata Technologies expects a significant growth year due to automotive manufacturers’ increased investment. The company is securing full vehicle development projects from major global automakers. This strategic shift allows OEMs to focus on their core brand identity and DNA. Tata Technologies is well-positioned to benefit from this industry-wide outsourcing trend. The firm anticipates meeting its…

Minister for Commerce and Industry Piyush Goyal, in his post, flagged the altered video clip of his conversation with the media outside Parliament. He wrote that the video has been maliciously tampered with using AI to create a deepfake, which is being circulated on social media with the intent to spread misinformation.

Chinese chipmakers CXMT and YMTC are now dictating memory chip prices globally. These companies are securing significant deals with major Chinese tech firms. Both firms are preparing for blockbuster initial public offerings soon. They face scrutiny from the United States over military ties and market power. Expanded manufacturing capacity aims to serve both domestic and…

Rubio’s missive follows the Trump administration’s June 12 move to block foreign nationals from Anthropic’s most advanced models, Mythos and Fable, on national security grounds, prompting the AI company to abruptly suspend ​access to the models globally. Asian tech executives seized on the disruption to tout their own alternatives and European lawmakers redoubled their calls…

Studios worried about their intellectual property being misused, and actors feared becoming little more than raw material for AI systems and made it a central plank of their strike action in 2023. But a floodgate opened in early March, when Netflix bought a small, little-known company with fewer than 20 employees for a hefty $587…

France’s parliament is weighing a social media ban for under-15s, following in the footsteps of Australia and Indonesia, although enforcement authorities are facing a puzzle on how to manage age checks. Under its ban in force since December, Australia told social platforms they were not allowed to require government ID even in cases where a…

Happy Monday! Skyroot is gearing up for more frequent Vikram rocket launches. This and more in today’s ETtech Morning Dispatch.

Shanghai Xingshu Tiansuan launched its first space-computing constellation on Saturday. This project aims to deploy a total of one thousand satellites in orbit. Space-based computing processes data in orbit, reducing the need for Earth transmission. This launch moves China closer to commercial operation of its space-based computing network. Elon Musk’s SpaceX is also advancing its…

Kulmeet Bawa, managing director for India and SAARC at ServiceNow said the company’s next phase of growth lies in becoming the “AI control tower” for enterprises by orchestrating AI workflows across multiple software systems rather than competing directly with foundation model providers.

The agreements come as the industry races ‌to expand ⁠manufacturing ⁠capacity to meet the booming demand for memory chips due ​to the rapid adoption of AI tools.

Agnikul is an end-to-end space transportation company incubated at IIT Madras. It develops the Agnibaan family of configurable small-lift launch vehicles powered by the world’s first single-piece 3D-printed semi-cryogenic engine.

Delivery Hero ‌said ​the ​potential ⁠offer would be ​made to all of ​its shareholders and that ‌it would not ​comment ​on ⁠speculation regarding an offer price.

This shows India’s growing importance across Anthropic’s markets. India accounts for about 6% of global Claude usage. The AI giant opened an office in Bengaluru earlier this year and roped in former Microsoft MD Irina Ghose to head operations.

The tech firm’s data center chip, code-named “Iris,” is part of a four-generation project for Meta Training and Inference Accelerators (MTIA) that it will design in-house. The plan is to use custom-built silicon to improve the AI that powers its Facebook and Instagram social media platforms.

LTM chief executive Venu Lambu declared AI revenue separately for the first time in the earnings call, at $150 million for the quarter, in addition to announcing the completed transition to outcome-based pricing across its top 10 clients. The deal flow remained steady on a quarter-on-quarter basis at $1.68 billion, although it improved 3% year-on-year,…

“We forecast that next year ​will be the worst year in the industry’s history from the supply perspective,” Kwak Noh-jung told Reuters ​in an interview on ⁠Friday, the ‌day the South Korean memory chipmaker ​began trading ​on the Nasdaq.

Krithivasan’s comments followed the announcement of TCS’ Q1 earnings. In the first quarter of FY27, India’s largest software services firm posted a 4.6% on-year growth in net profit at Rs 13,349 crore. Revenue rose 13.9% year-on-year to Rs 72,275 crore.

The Office of the Inspector General (OIG) under the Department of Labour has uncovered widespread schemes in which employers and labour brokers submitted fraudulent applications, exploited foreign workers through coercive wage-kickback arrangements, and undercut American workers by flooding the market with below-wage labour, an official statement said.

The Cybersecurity and Infrastructure Security Agency is using Mythos to scan government code repositories for bugs that could leave the door ​open for foreign spies and cybercriminals, the sources said.

Following its board meeting held on Monday, the company said it will acquire the entire remaining shareholding of Sunrise Mentors, which operates the edtech platform Coding Ninjas, from its founders.

Founded in September 2025 by former Udaan senior executives Pradeep Yadav and Ankit Agarwal, Klydo delivered clothing, accessories, footwear, and home and gifting products within 15 to 30 minutes in Bengaluru. It competed with startups like Knot, Zilo, and Slikk.

Rapido app founders have been booked in Nagpur for allegedly running unauthorised petrol-powered bike taxi services across Maharashtra. The Regional Transport Office (RTO) filed a complaint after seizing a bike used for commercial rides without proper permits. The company is accused of violating transport rules, risking passenger safety, and causing financial losses to the government.

Amazon India is injecting over Rs 2,800 crore this year to significantly expand and upgrade its nationwide operations. This investment aims to enhance delivery speeds, improve associate well-being, and bring a wider selection closer to customers. In West Bengal, the company has already boosted its last-mile network, enabling faster deliveries and supporting local businesses.

Meta’s shift to token-based pricing signals a new phase in enterprise messaging, with businesses paying for AI usage instead of message volume.

Cigna’s Evernorth has unveiled Pharmacy Forward, an AI-driven specialty pharmacy program backed by a $100 million investment. This initiative, starting with Accredo, aims to slash prescription processing times and enhance patient care by reducing clinician documentation by up to 50%. The program is set to deliver significant value, with plans to expand its AI capabilities…

Delhivery CEO Sahil Barua said ecommerce deliveries are leading the company’s growth. This and more in today’s ETtech Top 5.

Supported by the Indian High Commission (HCI), the Indian Institutes of Technology Alumni Association – Singapore (IITAAS) on Sunday signed a Memorandum of Understanding (MOU) with the Migrant Workers’ Centre (MWC).

The AI race is heating up as tech giants like OpenAI, Google, Amazon, and Microsoft design their own chips to optimize AI operations. This strategic move aims to cut soaring deployment costs and gain control over crucial infrastructure, moving beyond just building better models. While Nvidia’s GPUs still lead in training, custom silicon is emerging…

Per the report, the White House’s Office of the National Cyber Director and the Office of Science and Technology Policy requested that the model be released first to a small set of government-approved partners rather than the general public.

EU antitrust regulators have preliminarily identified Amazon Web Services and Microsoft Azure as ‘gatekeepers’ under the Digital Markets Act. This designation aims to curb Big Tech’s influence by imposing specific rules. Both companies have voiced concerns, with Amazon highlighting the diversity of cloud services and Microsoft pointing to Google’s increasing market power.

Infosys CEO Salil Parekh led the pack among top Indian IT executives in FY26, earning Rs 82.6 crore. Tech Mahindra’s Mohit Joshi followed with Rs 67.55 crore. Wipro’s Srinivas Pallia saw a pay dip, while TCS’s K Krithivasan earned over Rs 28 crore. LTM’s Venugopal Lambu also featured prominently for his partial year’s tenure.