Operating revenue rose 23% to Rs 744 crore from Rs 601 crore a year earlier, driven by higher digital transaction volumes, value-added services linked to card payments, and affordability products. Growth in overseas markets also helped diversify revenue streams.
A preliminary settlement with the Alphabet unit was filed late Tuesday night in the San Jose, California, federal court, and requires a judge’s approval. Google denied wrongdoing in agreeing to the settlement, which covers users of Android-powered mobile devices since…
Speaking at the launch of the app, the Ministry of Electronics and IT Secretary S Krishnan said the government has amended Swik Rules or the Aadhaar Authentication for Good Governance (Social Welfare, Innovation, Knowledge) Rules, 2020 to enable private entities…
The expanded definition would include deep-tech, cooperatives and allow startups to pivot to deep-tech, the official said. The government has taken a series of measures to promote the startup ecosystem in the country to boost innovation.
The issue will consist of a fresh issue of shares worth Rs 660 crore and an OFS of about 2.8 crore shares, aggregating to around Rs 1,300 crore, sources said. Shareholders, including Nexus Venture Partners, Peak XV Partners, Jungle Ventures,…
Shein could face an EU investigation on the sale of illegal products on its platform, but is unlikely to be hit with an order to suspend its website, a senior European Commission official said on Tuesday.
Money launderers received at least $82 billion in cryptocurrencies last year, up sharply from $10 billion in 2020, driven in part by fast growth among Chinese-speaking groups, blockchain researchers said on Tuesday.
Khosla’s response to a Musk post in September kicked off the latest spat. The founder of Khosla Ventures has accused the owner of Tesla and X of promoting a racist ideology.
France’s National Assembly passed a bill in a marathon overnight session that would impose a minimum age for using social media, becoming the first country in Europe to follow Australia, which banned under-16s from TikTok, Snapchat, Facebook and other sites…
California Governor Gavin Newsom said Monday he was launching a probe into allegations that TikTok censored content critical of US President Donald Trump. The Democratic governor is one of Trump’s most vocal critics and has accused the president’s administration of…
A surge in corporate spending across the AI supply chain, from data center infrastructure to chips and power, has helped lift equity markets even as worries grow over a potential market bubble and the boom’s sustainability.
Google will pay $68 million to settle a lawsuit. The suit claimed its voice assistant spied on smartphone users. This violated privacy. Users accused Google of recording private conversations. This was done to send targeted advertising.
WhatsApp is set to face greater EU scrutiny after the European Commission on Monday added the platform to its list of digital firms big enough to face stricter content rules. The Meta-owned company joins Facebook, TikTok, X and others in…
Nvidia is investing $2 billion in CoreWeave, which is set to focus on expanding their AI infrastructure and computing power.
Infosys has restricted extra work-from-home days, allowing only limited exceptions with proof. Staff must mostly attend offices, following similar moves by TCS and Wipro. Industry experts say the need for a better collaborative environment amid rapidly shifting project timelines has…
American workers are using artificial intelligence at work, with many now relying on it daily for writing, research and admin tasks. Use is highest in technology, finance and education, while service jobs lag behind. Most workers are not afraid of…
The Enforcement Directorate has charged online gaming firm WinZO and its promoters, accusing it of rigging real-money games using bots and AI. Investigators say users lost Rs 734 crore after being misled into unfair play. The agency also alleged that…
Eternal’s December-quarter results show uneven performance across businesses. Blinkit and Hyperpure improved, helped by inventory ownership, margin accretion and early Ebitda profits, even as revenue patterns shifted sharply. Newer businesses such as District and Bistro are still making losses, which…
The conversation took place at the World Economic Forum in Davos and was moderated by Dan Roth, editor-in-chief of LinkedIn. Nadella pointed out that history shows general-purpose technologies create real value only when they are widely adopted across the economy,…
Public discourse increasingly frames artificial intelligence in religious, even apocalyptic terms. Podcasters, writers and tech elites liken AI to messiahs, prophets or antichrists, reflecting humanity’s ancient impulse to anthropomorphize mysterious technologies and grant algorithms divine authority in contemporary media culture.
The report published by cybersecurity researcher Jeremiah Fowler claims that the publicly exposed data includes 48 million accounts on Gmail, 4 million on Yahoo, 17 million on Facebook, 6.5 million on Instagram, 3.4 million on Netflix, 1.5 million on Outlook,…
Addressing a gathering after inaugurating the valedictory session of the Kerala Regional AI Impact Conference organised by the IndiaAI Mission on Friday, Vijayan outlined the state government’s vision to integrate AI into administration to enhance transparency, efficiency and public participation.
A dispute over the cost and aerodynamics of Starlink’s in-flight Wi-Fi has blown up into a public war of words between Elon Musk and Ryanair chief Michael O’Leary. What began as a technical debate is now a full-blown business and…
The Singapore government will invest over S$1 billion ($778.8 million) in public artificial intelligence research through 2030 to strengthen the nation’s capabilities and global competitiveness, it said on Saturday.
US-based enterprise AI software firm Supervity AI on Friday announced signing an agreement with the Maharashtra government to establish the world’s first AI GCC hub in Mumbai.
Patil, who was speaking from the World Economic Forum in Davos, assured full support for Nokia’s expansion plans. Meanwhile, US-based space tech company Vast Space, UAE-based multinational business group Crescent Enterprises, and aerospace firm Voyager Technologies have expressed interest in…
Democratic Senator Ed Markey said on Friday Congress should investigate a deal by TikTok’s Chinese owner ByteDance to establish a majority American-owned joint venture that would secure US data in a bid to avoid a US ban on the social…
A federal judge rejected DoorDash’s and Uber Technologies’ request to block New York City laws that would require food-delivery apps to provide customers an option to tip delivery workers when paying.
Union Electronics and Information Technology Minister Ashwini Vaishnaw on Friday said India is on track to begin commercial semiconductor chip production in 2026, meeting the timeline set under the India Semiconductor Mission launched in January 2022.
Elon Musk, at the World Economic Forum, said AI and robotics could drive unprecedented global economic growth, creating a future of abundance where machines meet most human needs. He predicted robots may outnumber humans and help eliminate poverty, while cautioning…
Rwanda will test technology powered by artificial intelligence in more than 50 health clinics as part of a new initiative by the Gates Foundation to support 1,000 clinics across Africa with the aim to improve health care services.
Design software maker Autodesk said on Thursday it would shed about 7% of its global workforce, or roughly 1,000 jobs, as it aims to redirect spending to its cloud platform and artificial intelligence efforts.
Social media platform X was down for thousands of users in the US on Thursday, according to Downdetector.com.
Elon Musk expects Tesla to receive approval for its Full Self-Driving (FSD) advanced driver assistance system in Europe and China by next month, the billionaire said on Thursday.
Pocket FM has appointed Vasu Sharma, a former scientist at Meta’s Facebook AI Research (FAIR), as its head of artificial intelligence (AI). Sharma, who will report to cofounder Prateek Dixit, will lead AI research and innovation across narrative generation, production…
The CEO of Ryanair on Wednesday dismissed Elon Musk’s idea of buying the budget airline and shrugged off insults from the billionaire, in a war of words that erupted over installing Starlink systems on aircraft. O’Leary said last week that…
A key Republican lawmaker scheduled a committee vote on Wednesday for a bill that would give Congress power over artificial intelligence chip exports, despite pushback from White House AI czar David Sacks, among others.
Speaking to BlackRock CEO Laurence Fink at a World Economic Forum session, Huang emphasised that AI has become as essential to national development as traditional utilities like electricity and transport networks. He stated that the technology represents a fundamental shift…
The infrastructure to develop and power generative artificial intelligence models will require further “trillions” of dollars in investment, the head of top AI chipmaker Nvidia said Wednesday.
Former Anthropic researcher Andi Peng left to cofound Humans&, rejecting AI that replaces workers. Backed by Nvidia and Jeff Bezos, the funded startup pursues human-centric systems that collaborate with users, signaling investor confidence in alternative AI visions despite bubble fears.
The CEO of leading Artificial Intelligence company Anthropic on Tuesday warned against the Trump administration’s recent move to greenlight sales of a powerful Nvidia chip to China, comparing it to selling nuclear weapon technology to North Korea.
OpenAI on Tuesday said it has concluded its India edition of the ‘Nonprofit AI Jam’, a multi-city series bringing together leaders and professionals for a hands-on working session on using artificial intelligence (AI) to drive effective, scalable outcomes.
Netflix is now offering to buy Warner Bros Discovery’s studio and streaming business in all cash – in an effort to win over the Hollywood giant’s shareholders for its $72 billion merger and potentially thwart a hostile bid from Skydance-owned…
The interaction took place at the Global Innovation Alliance (GIA) – Portugal Edition, on Tuesday.
The Government of Madhya Pradesh on Monday interacted with Harshul Asnani, president of Tech Mahindra, to look at entering the state of Madhya Pradesh with a focus on expanding in tier-II cities to deepen access to talent.
In a major push towards smart governance, the Gujarat government is leveraging modern technology and Artificial Intelligence (AI) to develop cities as advanced urban centres, with a pilot project launched to tackle the issue of stray cattle in Ahmedabad.
Kerala Chief Minister Pinarayi Vijayan on Monday launched ‘Commune’, the pilot centre of his government’s ambitious work-near-home (WNH) project, which he called an important step towards building Kerala as a thriving skill hub.
Tech titans scheduled to be on hand include Jensen Huang of Nvidia. Microsoft’s Satya Nadella, Demis Hassabis of Google DeepMind, and Arthur Mensch of France’s Mistral AI.
Countries including France and Britain are considering following Australia’s lead by banning children and some teenagers from using social media, but experts are still locked in a debate over the effectiveness of the move. France is currently debating bills for…
Israel’s ministerial committee has approved a law to allow ride-hailing services like Uber and Lyft, aiming to reduce taxi fares. The reform, still needing full parliamentary approval, sets safety rules, driver checks, and insurance while supporting existing taxi operators. Transport…
US trade adviser Peter Navarro criticised India for using US-made AI like ChatGPT, arguing it creates a trade issue. His comments come amid high tariffs on Indian imports over Russian oil purchases and ongoing trade tensions. Navarro also raised concerns…
Venture capital group Sequoia is set to back Anthropic alongside Singapore’s GIC and US firm Coatue in a new funding round. The investment would value the artificial intelligence company at about $350 billion, according to the Financial Times.
Venture capital group Sequoia is set to back Anthropic alongside Singapore’s GIC and US firm Coatue in a new funding round. The investment would value the artificial intelligence company at about $350 billion, according to the Financial Times.
US Commerce Secretary Howard Lutnick warned South Korean and Taiwanese chipmakers of 100% tariffs unless they expand manufacturing in America. The Trump administration is using trade deals and tariff threats to push investment, while temporarily pausing broad semiconductor levies. Micron’s…
Ted Sarandos defended Netflix’s $83 billion deal for Warner Bros Discovery’s film and TV assets, arguing it will boost theatrical releases, preserve jobs, and strengthen Hollywood despite backlash.
Germany’s government and Holocaust memorial institutions have demanded social media platforms stop the spread of fake images which they say are distorting and trivialising history.
Google filed a notice on Friday to appeal a federal judge’s ruling that it held an illegal monopoly on online search, court records show. That order risks Google losing trade secrets before a decision is made on its appeal, the…
OpenAI says it will soon start showing advertisements to ChatGPT users who aren’t paying for a premium version of the chatbot. The artificial intelligence company said Friday it hasn’t yet rolled out ads but will start testing them in the…
California Attorney General Robert Bonta on Friday sent a cease and desist letter to xAI demanding the company stop the creation and distribution of AI-generated non-consensual sexualised imagery by its Grok AI chatbot.
Union minister Piyush Goyal said his earlier comments urging founders to focus on deeptech over consumer apps were off the mark. This and more in today’s ETtech Top 5.
Gujarat, Arunachal Pradesh, and Goa lead in developing startup ecosystems. Gujarat has been the top performer for five years. Karnataka, Punjab, Tamil Nadu, Uttar Pradesh, and Himachal Pradesh are also top performers. This yearly ranking by DPIIT encourages states to…
India’s startup ecosystem is set for a boost. Commerce and Industry Minister Piyush Goyal announced that guidelines for the second phase of the Fund of Funds scheme are nearing completion. This initiative, with a Rs 10,000 crore allocation, will focus…
Australia has successfully banned social media for children under 16. Nearly 4.7 million accounts have been removed since the law took effect. This landmark decision aims to protect young people from harmful online environments. Officials report strong compliance from major…
LTIMindtree has secured a Rs 3,000 crore, seven-year contract from the CBDT to upgrade tax analytics using artificial intelligence. The ramp-up in the company’s large-deal wins is expected to aid growth, with brokerages expecting its revenues to rise between 2.2%…
London Mayor Sadiq Khan has issued a stark warning about artificial intelligence potentially causing mass unemployment in the UK capital. He will outline both the risks and benefits of AI in a speech.
India has issued a final warning to Apple regarding an antitrust case. The Competition Commission of India stated that Apple has delayed responses for over a year. This has undermined the investigation. Apple fears a potential fine of up to…
Amazon’s cloud computing division said Thursday that it would expand its “sovereign cloud” across the European Union, hoping to cash in as EU governments seek to safeguard their citizens’ data.
The Supreme Court has upheld a Rs 14,500-crore tax demand on Tiger Global. This and more in today’s ETtech Top 5.
India ranks second globally in overall Claude.ai usage, with nearly half of all activity driven by work-related tasks, Peter McCrory, head of economics at Anthropic, told ET. India’s work-to-personal usage split is unusually high compared with peer countries, showing that…
At the end of the December quarter, Infosys had 337,034 employees, higher than the September quarter’s count of 331,991, the Bengaluru-headquartered firm reported on Wednesday announcing its third quarter financial numbers.
Belgian cybersecurity firm Aikido Security has secured $60 million in funding. This investment values the company at $1 billion, marking it as an early unicorn for 2026. Aikido’s software helps developers automatically find and fix security risks.
Groww reported an operating revenue of Rs 1,216 crore in the December quarter, up 24.8% from Rs 974 crore a year back. The company’s net profits went down 27% to Rs 547 crore from Rs 757 crore a year prior.…
Quick commerce firms have dropped explicit 10-minute delivery claims after government intervention over rider safety concerns. Analysts say operations and demand will stay unchanged, as fast delivery is driven by dark store density, not slogans. Orders may still arrive quickly,…
A group of women’s and rights organisations is urging Apple and Google to remove X and its chatbot Grok from app stores. They claim the tools are producing illegal and harmful sexual images, especially involving women and children. Several countries…
Social media harms the mental health of adolescents, particularly girls, France’s health watchdog said Tuesday as the country debates banning children under 15 from accessing the immensely popular platforms. France is currently debating two bills, one backed by President Emmanuel…
A new app, ‘Are You Dead?’, is topping sales charts in China. It alerts emergency contacts if users do not check in every 48 hours. This safety tool is designed for China’s growing population of people living alone.
Uber has made a strategic investment in Gurugram-based fleet operator Carrum, though financial details were not disclosed. The startup will use the funding to expand its clean mobility fleet and enter more cities. Carrum, backed by CarDekho Group, currently operates…
The labour minister has asked quick commerce firms to stop advertising 10-minute deliveries, citing worker safety. Platforms have agreed to drop the branding, though operations will continue largely unchanged. The move follows gig-worker strikes and wider concerns that ultra-fast promises…
The Malaysian Communications and Multimedia Commission (MCMC) already suspended access to Grok, which is integrated into both the X and xAI platforms, on Sunday. It has now appointed solicitors to commence “legal proceedings” against X and xAI, the regulatory body…
The Press Information Bureau (PIB) has said that a Reuters report which claims the union government has demanded that smartphone makers share their source code is false. The report also stated that firms like Apple and Samsung have to implement…
HCL Tech Q3 Results: HCL Technologies on Monday reported an 11% YoY fall in its December quarter consolidated net profit at Rs 4,076 crore compared to Rs 4,591 crore reported in the year ago period. The profit after tax (PAT)…
Britain’s media regulator Ofcom has opened an investigation into Elon Musk’s X over alleged misuse of its Grok AI chatbot to generate sexual deepfakes. The probe follows political pressure after Prime Minister Keir Starmer condemned the content as unlawful. Ofcom…
Infra.Market reported strong topline growth in FY25, with revenue rising sharply year-on-year, even as profitability weakened. Higher costs across materials, staffing and finance dragged net profit down significantly. The Mumbai-based construction materials platform has filed confidentially for a Rs 5,000-crore…
TCS Q3 Results: Revenue from operations in Q3FY26 rose 5% year-on-year to Rs 67,087 crore, up from Rs 63,973 crore in the corresponding quarter of the previous financial year.
India has tightened rules for cryptocurrency exchanges, introducing tougher AML and KYC checks. Users must complete live selfie verification, location tracking and enhanced identity checks, while risky tokens and ICOs are discouraged. Exchanges must monitor high-risk clients closely and keep…
Malaysia has blocked access to Elon Musk’s Grok chatbot after it was widely misused to create pornographic and abusive images. Regulators said safeguards were weak, despite earlier warnings, and cited sexualised content involving women and children. Access will return only…
Pendants and brooches packed with artificial intelligence abounded at the Consumer Electronics show, using cameras and microphones to watch and listen through the day like a vigilant personal assistant. Nonetheless, at the CES show in Las Vegas, gadget makers have…
India is reportedly proposing new security rules for smartphones. These rules include sharing source code and making software changes. Tech companies like Apple and Samsung are opposing these measures. They argue the requirements lack global precedent and risk revealing proprietary…
In 2021, Facebook, another Meta company, reported that data of over 350 million users had been exposed from publicly accessible profiles but not breached. Data breaches at other major social media platforms, X and LinkedIn, were reported in 2018 and…
Odisha chief minister Mohan Charan Majhi on Friday said artificial intelligence (AI) laboratories are being set up in nine Industrial Training Institutes (ITIs) of the state.
Google founders Larry Page and Sergey Brin are reducing their California business presence, moving companies to Nevada and buying property elsewhere, amid concern over a proposed California wealth tax on billionaires. The measure has sparked debate, with tech leaders warning…
AI dominated CES 2026, from voice-controlled espresso machines by Bosch using Amazon Alexa, to personalised perfumes from DigitalScent. Tennis robots from UBTech and Tenniix showcased AI-driven realism in sport and lifestyle tech.
At the Consumer Electronics Show, gadget makers warned of a global DRAM shortage driven by booming AI demand. Memory prices are soaring, boosting revenues at Samsung Electronics and Micron Technology. IDC says shortages may last into next year, forcing higher…
xAI, the startup behind Grok, said on Thursday it was restricting image generation and editing to paying subscribers as it tried to fix safeguard lapses that had allowed sexualised outputs including depictions of scantily clad children.
Elon Musk’s AI chatbot Grok has turned off its image creation feature for non-paying users following backlash over its use to create sexualized deepfakes of women and children. Some users reportedly used Grok to generate pictures of women and children…
SoftBank has cut its stake in Ola Electric to 13.53% after selling shares over recent months. The offloading comes as major investors trim stake amid regulatory pressure, rising competition and operational challenges. Ola’s market share and valuation also dropped sharply…
Chinese AI startup Zhipu AI surged over 12% in its Hong Kong debut, raising $558 million ahead of rival MiniMax’s listing. But analysts said profits were unlikely any time soon from either company, the first two IPOs among China’s so-called…
AI is transforming online search, with startups like OpenAI innovating faster than legacy firms, said Snowflake CEO Sridhar Ramaswamy. AI-powered browsers and tools are reshaping how users access information. While cloud giants compete, Snowflake remains confident in its specialised analytics…
India is stepping up plans to build its own graphics processors after talks between minister Ashwini Vaishnaw and Nvidia executives. The discussions covered sovereign GPUs and local manufacturing of advanced AI devices. The government is also expanding subsidised access to…