Gaming companies are reporting large write-downs after India’s real money gaming ban, with major players such as Flutter, Clairvest and Nazara recording heavy impairments. Payment firms are also seeing reduced volumes as gaming transactions fall. Several gaming platforms have shut…
The EU plans to ease parts of its AI and data protection rules to help European businesses compete with US and Chinese rivals. Critics argue the changes weaken privacy by narrowing the definition of personal data and delaying key AI…
Cities and states in the United States are using AI to monitor and repair ageing roads. Hawaii, San Jose and Texas are adopting cameras and mobile data to detect hazards such as potholes, debris and damaged guardrails. These tools help…
Leaked documents reveal OpenAI’s growing financial ties with Microsoft, showing payments of $494 million in 2024 and $866 million in early 2025. The company’s compute costs for running AI models have soared, suggesting spending on inference may exceed revenue.
Actor Rana Daggubati appeared before Telangana’s SIT over alleged promotion of an online betting app. The state, under the Gaming Act 2017, investigates illegal betting that targets youth and causes financial and psychological harm. Several app promoters, actors, and influencers…
Leading private equity firms Warburg Pincus and Permira are reportedly in discussions to acquire Clearwater Analytics, a software provider for investment and accounting management. This potential deal, which could finalize in weeks, follows the firms’ previous involvement in Clearwater’s 2021…
Disney channels, including ABC and ESPN, have returned to YouTube TV after a two-week blackout. The agreement ends a dispute over licensing fees, with both sides expressing satisfaction that content is back for fans. This resolution follows a period of…
Welcome to a new edition of ETtech Unwrapped — our weekend newsletter packed with the most important stories this week. Let’s take a look.
The privacy law in the world’s largest data market with over 800 million internet users has been 15 years in the making. Several provisions of the Act became effective Friday, while others will come into force in a graded manner…
The ITC said in an order that it would investigate whether Apple Watches that were redesigned to circumvent a previous import ban issued by the commission still infringe Masimo patents covering blood-oxygen measurement technology.
Cursor, a San Francisco code-generation startup, lifted its valuation to $29.3 billion after raising $2.3 billion in a funding round backed by major investors like Nvidia, Google and Accel. The latest financing comes amid a sharp rise in investor interest…
Thinking Machines Lab, founded by ex-OpenAI leader Mira Murati, is reportedly seeking new investment that could lift its valuation from $12 billion to around $50–60 billion. Talks are early and terms may shift. The firm recently faced a cofounder’s departure.…
Apple will cut App Store commissions to 15% for “mini app” developers who use its age-range technology. Mini apps, common in China and growing elsewhere, sit inside larger host apps. The move ties into wider disputes over youth-safety rules, with…
Happy Friday! Peak XV Partners is set to make big gains from Pine Labs’ public listing today. This and more in today’s ETtech Morning Dispatch.
Says Google’s in-country investments in line with sovereign regulatory requirements
Happy Thursday! Wealthtech company Groww successfully listed on the bourses, minting money for early backers. This and more in today’s ETtech Morning Dispatch.
Seeks meritocratic, supportive ecosystem for the young
HCLTech led the pack among the top-tier firms, posting a 2% increase in RPE to more than $16,000 (₹14.17 lakh) in the quarter ended September 30 when its headcount grew 3.7%, according to market intelligence firm UnearthInsight Research. Market leader…
India is the second largest market for the US-headquartered collaborative interface design company in terms of active user base and has been seeing increasing demand from companies in the region. ET was the first to report, on November 6, that…
Aimed at measuring sensitivity of non-personal data, the move may potentially open up a trove of public sector data—such as anonymised collective land ownership patterns, historical weather figures, traffic movement and aggregated industry data—to the private sector beyond what is…
Nasscom says new system creates geographic, sectoral inequality and is legally questionable
The company is targeting startups that are between the early and growth stages with investments of $5–20 million, Italia told ET in an interview. Its V3 Ventures arm invests in early-stage companies while Verlinvest supports startups in the growth stage.
Gen Z and millennials are driving demand for uniquely designed, India-inspired sports shoes priced Rs 3,000–5,500. Home-grown D2C brands like Comet, Gully Labs and Neeman’s are scaling fast, attracting investors despite manufacturing challenges, with rising loyalty, offline expansion and strong…
The draft rules proposed by MeitY require platforms and users to label AI-generated visuals with a visible marker covering at least 10% of the display area, or, for audio, add a disclaimer for the first 10% of the content duration.
While Big Tech continues to surge, traditional IT services and consulting majors are feeling the heat as automation disrupts their outsourcing models. SaaS firms, caught in transition are racing to stay relevant as AI agents threaten their foundations.
The Kerala-based startup claims that its AI-powered ESG compliance tool helps companies automate the risk management process. Using this tool, it claims to directly compete with McKinsey, KPMG, and PWC.
The demand for experienced professionals is far outpacing supply, with firms aggressively poaching from banks, brokerages and traditional wealth managers, sources said. In addition, many of these RMs are starting up as mutual fund distributors or personal wealth managers, resulting…
SoftBank in India seeing a much better deal pipeline now, especially in AI, Sumer Juneja said. SoftBank’s 13% stake in Lenskart, which listed on Monday and closed at a market cap of ₹69,967 crore, presently has a paper value of…
Y Combinator’s funnel of startups acts as a filter for investments in AI by Indians venture capitalists, Swathi Moorthy writes.
On the eve of the listing, CEO Peyush Bansal emphasised that the IPO is the start of a new chapter for the company. “The bell will ring. We’ll take a deep breath, smile and get back to work. Because for…
The statement addressed a South Korean news outlet’s report about an unnamed former LG Energy Solution executive allegedly attempting to pass on pouch cell technology intellectual property to Ola Electric.
Speaking at the valedictory function of the Sixth Full Meeting of the Standing International Forum of Commercial Courts (SIFoCC), Justice Kant stressed that the future of law depends on whether technology can be harnessed as a tool without surrendering the…
Rapido cofounder Aravind Sanka told PTI that the company expects to maintain its growth rate of 100 per cent year-on-year for the next few years and be a much larger player compared to its nearest competitor before going for the…
The National Conference on ‘DigiLocker-Enabling Paperless Access for All’ was held this week in New Delhi, bringing together senior government officials, leaders from the technology and financial sectors, educationists, and digital governance experts, a press release said.
IPO-bound Boat is experiencing a rising employee attrition rate, reaching 34% in FY25, with 161 full-time employees leaving. This trend, coupled with intense competition for talent, raises concerns about future growth and competitiveness. The company has also seen recent leadership…
Global telecom operators are leveraging AI to enhance network operations, customer service, and fraud prevention, leading to EBITDA margin gains and improved ARPU. This strategic adoption is accelerating time-to-market for new services, enabling better monetization of technologies like 5G and…
International startups from Singapore and Canada are eyeing India for expansion. They see massive market potential and a growing startup ecosystem. Companies in battery recycling, air cargo software, and health tech are keen to enter the Indian market. They are…
Tech stocks faced pressure Friday, pulling major indices down. President Donald Trump stated he loves AI and believes it is the future. Despite his comments, shares of Amazon, Alphabet, and Nvidia saw declines. This downturn affected the Nasdaq Composite Index…
Taiwan’s exports in October surged 49.7% year-on-year to $61.8 billion, a record monthly high, driven by strong global demand for artificial intelligence technologies (AI), according to Focus Taiwan.
The move by the European Commission came amid intense lobbying by big tech companies and criticism from the U.S. administration against the AI Act adopted last year, which applies risk-based rules to artificial intelligence.
Meta has doubled down on AI, with a target of achieving superintelligence, a theoretical milestone where machines outthink humans. It has pledged hundreds of billions of dollars to build several large AI data centers and plans bigger outlays to meet…
Despite the higher value, the number of deals during the week was down at 22 transactions, compared with 36 in the corresponding week last year.
Amazon on Friday expanded the reach of its low-cost ecommerce service to 14 additional markets and will call it Amazon Bazaar, as part of a push to compete with Chinese rivals including Shein and PDD Holding’s Temu.
LAT Aerospace, cofounded by Deepinder Goyal, announced its moved to a 50,000-square-feet research and development (R&D) facility in Gurugram, and begun setting up in-house labs for building airplane components.
OpenAI chief Sam Altman has clarified the company is not seeking government loan guarantees for its datacenters. Altman stated governments should not pick winners or losers. He believes governments should build and own their own AI infrastructure. OpenAI expects significant…
India holds significant potential for AI-driven productivity gains, with a lower risk of job disruption compared to other nations. According to a government official, Indian businesses are prioritizing AI for enterprise purposes over entertainment. A new agenda aims to accelerate…
Merchant payments firm Pine Labs has secured Rs 1,753 crore from investors in its anchor placement round. This funding is part of its larger IPO plan to raise Rs 3,900 crore. The company is targeting a post-money valuation of $2.9…
TVS Motor Company is selling its stake in Rapido. Venture capital firm Accel and investor Prosus will acquire shares for Rs 288 crore. This move comes as Rapido is reportedly closing a larger funding round. Swiggy is also divesting its…
This includes 10,000 startups beyond Bengaluru to promote equitable growth in the state. The state’s IT-BT minister, Priyank Kharge, said that the policy will empower impact-driven business models, boost social entrepreneurship and promote inclusive growth in the state.
Artificial intelligence (AI) startup Perplexity termed the lawsuit brought by Amazon against its agentic shopping tool a “threat to all internet users.” The online retail giant has approached the US District Court for the northern district of California to prohibit…
As part of the programme, Lenskart will make its AI and camera technology available to consumer apps and platforms such as Zomato, Swiggy, and BookMyShow, along with Indian developers, to enable integration across categories. Lenskart’s smartglasses allow users to capture…
The AI features are also supposed to enable Google Maps to be more precise by calling out landmarks to denote the place to make a turn instead of relying on distance notifications.
Modular furniture maker Spacewood Furnishers has secured Rs 300 crore in funding from A91 Partners, valuing the company at Rs 1,200 crore. The investment will fuel expansion, brand building, and operational enhancements, including technology upgrades and manufacturing capabilities. Spacewood aims…
Logistics provider Delhivery has launched Freight Index One, a new service offering historical, current, and forward full truckload (FTL) pricing estimates for the Indian trucking industry. This platform aims to address the lack of freight indices in India, providing crucial…
French judicial authorities said on Tuesday they had opened an investigation into Chinese social media platform TikTok and the risks of its algorithms pushing young people into suicide. Paris prosecutor Laure Beccuau said the probe was in response to a…
Meta Platforms on Tuesday rejected a ruling by the French rights watchdog against its algorithm after allegations of discriminatory job advertisements on its social network Facebook.
WhatsApp has rolled out a new standalone app for Apple Watch in the latest update, meant to reduce reliance on the iPhone to use the messaging platform. The standalone app will be available on Apple Watch Series 4 or later,…
Digital payments major Paytm reported a net profit of Rs 21 crore in the September quarter, down 97% from Rs 930 crore in the same period last year. The company’s operating revenue rose 24% year-on-year to Rs 2,061 crore, from…
The new device — designed for students, businesses and casual users — will target people who primarily browse the web, work on documents or conduct light media editing. Apple is also targeting would-be iPad buyers who might prefer a traditional…
Samsung Electronics owes patent owner Pictiva Displays $191.4 million in damages for infringing two patents covering organic light-emitting diode technology, a jury in Texas federal court said on Monday.
Prosus recently made its first investment in a listed Indian firm, acquiring a 10.1% stake in Ixigo, the parent of travel platform Le Travenues Technology, for around Rs 1,296 crore. The Dutch investor also bought 5.06% from existing shareholders and…
India has emerged as GitHub’s fastest-growing developer hub and innovation lab, with the Microsoft-owned platform projecting it to have more than 57.5 million users in the country by 2030, surpassing the US. From student skilling to enterprise AI adoption, GitHub…
Under the Verizon AI Connect agreement, the telecom giant will construct long-haul, low-latency fiber pathways to enhance the performance and reliability of AI workloads running on AWS cloud. The companies did not disclose financial details of the deal.
Adarsh Hiremath and Surya Midha cofounded San Francisco-based AI recruiting platform Mercor, which recently raised $350 million at a $10-billion valuation. Each founder holds roughly 22% stake in the company, valuing their individual holdings at around $2 billion.
AI companies are now fighting so many copyright lawsuits that a tech industry lobby group, the Chamber of Progress, last week called on President Donald Trump to sign an executive order directing federal attorneys “to intervene in legal cases” to…
PM Narendra Modi is set to launch a Rs 1 lakh crore Research, Development, and Innovation (RDI) scheme on November 3 to build a strong, private sector-driven research and development (R&D) ecosystem across India. The announcement will be made during…
This comes months after Microsoft announced laying off nearly 4% of its workforce, looking to rein in costs amid hefty investments in AI infrastructure. The company, which had about 2,28,000 employees worldwide as of June 2025, had announced layoffs in…
Travel tech platform Oyo said that it has extended the application deadline for the bonus issue for its unlisted equity shareholders from November 1 to November 7. This is in relation to its potential IPO. Under the bonus issuance, shareholders…
Dutch chipmaker Nexperia BV, said that it welcomed recent statements by the US and Chinese governments removing barriers to the company shipping its chips. The company said that its focus is on ensuring the stability of supply to customers. The…
Netweb Technologies on Saturday reported a 19.8% increase in net profit to Rs 31.4 crore for the September quarter. The company had posted a net profit of Rs 26.2 crore in the year-ago period, according to a regulatory filing.
The integrated facility, expected to be operational by 2027-28, will have a capacity of processing 60,000 SiC wafers annually and packaging about 9.6 crore units.
Urban Company, which went public in September, saw its operating revenue increase 37% year-on-year (YoY) to Rs 380 crore for the quarter ending in September. The company posted a net loss of Rs 59 crore compared to Rs 1.8 crore…
Anxiety over chip shortages began when the Netherlands invoked a Cold War-era law in late September to effectively take control of Nexperia, whose parent company Wingtech is backed by the Chinese government.
Urban Company’s net loss widened to Rs 59 crore in the second quarter of FY25. This comes as the company saw a significant 37% year-on-year increase in revenue from operations. Revenue reached Rs 380 crore for the quarter. These financial…
Meta raised $30 billion in debt on Thursday, as tech giants flush with cash turn to borrowing to finance the expensive race to lead in artificial intelligence. The trend toward debt is new for internet giants long accustomed to having…
The European Union is determined to find a diplomatic solution with Dutch chipmaker Nexperia amid concerns about a supply squeeze, EU tech chief Henna Virkkunen said.
Union minister of commerce and industry Piyush Goyal said the government remains committed to strengthening India’s deeptech ecosystem, enhancing ease of doing business, reducing compliance burden, and promoting innovation and entrepreneurship. Over 35 deep tech and semiconductor startups and over…
Top executives from India’s startup ecosystem, Urban Company cofounder Abhiraj Singh Bahl, Rapido CEO Aravind Sanka, and Lenskart CEO Peyush Bansal, shared their views at the 11th edition of the ET Startup Awards 2025 in Bengaluru on Friday.
EU tech chief Henna Virkkunen will meet chipmaker Nexperia on Friday.
Cert-In issued an alert about multiple vulnerabilities in Google Chrome desktop browser and developers’ platform Gitlab, which could allow cyber criminals to steal users’ data and carry out various types of attacks on the affected systems.
The statement made at the company’s post-earnings call followed an analyst pointing out Zepto’s claim to have crossed two million daily orders during the Diwali period. Without naming any company, Sriharsha Majety also said that while it’s easy to see…
BYD said its net profit for the third quarter was 7.8 billion yuan ($1.1 billion), a decrease of 32.6% compared to the same period last year and its second consecutive quarterly decline.
Crypto miner Core Scientific on Thursday ended its merger agreement with Nvidia-backed CoreWeave. Core Scientific shares fell 3.4% in early trading.
Per CEO Joseph Anantharaju, the BFSI segment faced a slight blip because of the Arttha deals, but the mid-tier IT firm expects that to get reversed in the second half.
Altman envisions OpenAI becoming a massive AI infrastructure powerhouse, pursuing trillions in funding, huge compute expansion, and an eventual IPO. Despite bold plans, unclear financing, internal strife, and criticism raise doubts as OpenAI shifts from research lab to ambitious corporate…
Raising the share capital is an important step before floating a rights issue. Glas Trust, which represents Byju’s US lenders, had earlier argued that the proposed rights issue would reduce the stake of Byju’s parent, Think and Learn, in the…
Allowing Nvidia’s downgraded B30A AI chips into China would erode US AI dominance, effectively end export controls, and let China offset limits by buying more chips. Analyses warn US advantages could shrink dramatically or even flip to China by 2026.
Azure was down for over 16,600 users and Microsoft 365 was down for nearly 9,000 users, according to Downdetector, which tracks outages by collating status reports from a number of sources.
Nvidia CEO Jensen Huang said on Tuesday that the artificial intelligence chip leader will build seven new supercomputers for the US Department of Energy, and also thanked the Trump administration for focusing on technology.
ASM International reported third-quarter bookings below market expectations on Tuesday, hit by a larger-than-expected drop in orders from Chinese chipmakers.
US chipmaker GlobalFoundries on Tuesday said it will invest 1.1 billion euros ($1.28 billion) to expand manufacturing capabilities at its German facility as it looks to increase production.
The District Court of Amsterdam earlier this month had given Meta two weeks to make the changes, saying elements of the design of both platforms were not in line with the European Union’s Digital Services Act.
Qorvo shareholders will receive $32.50 in cash and 0.96 of a Skyworks common share for each Qorvo share held at the close of the transaction, which is expected in early 2027, pending shareholder and regulatory approvals.
Byju’s has appealed to the NCLAT against an NCLT order that refused to halt Aakash Educational Services’ EGM for a rights issue. The edtech firm fears its stake in Aakash will be significantly diluted. Meanwhile, a US lender’s application regarding…
Qualcomm is expanding into the AI infrastructure market with two new data center chips, AI200 and AI250, set for commercial availability in 2026 and 2027. This move aims to diversify its business beyond smartphones and capitalize on the booming demand…
This follows the AI startup’s CEO tweeting that YouTube and Google Maps may be impossible to replicate. However, domestic digital mapping firm MaymyIndia emphasised that it has been building maps over three decades “down to house-number-level detail,” a level of…
India faces a shortage of senior design leadership despite the widespread use of digital platforms. Experts emphasize that design is crucial for usability, safety, and trust, and can drive significant financial returns. The article highlights the need for multilingual interfaces…
The Bombay High Court has cancelled an income tax assessment. The court found the assessing officer used fake AI-generated case laws. This led to incorrect additions to a company’s income. Authorities must verify AI information before using it. The case…
Karnataka government is planning new technology hubs outside Bengaluru. This aims to reduce traffic congestion for millions of tech professionals. Deputy Chief Minister DK Shivakumar discussed this with industry leaders. They agreed to work together on an action plan. The…