Eyewear giant Lenskart has reported a significant turnaround, posting a Rs 62 crore net profit in Q1FY26, a stark contrast to last year’s Rs 11 crore loss. The company’s operating revenue also saw a healthy 25% jump. Ahead of its…
Eyewear giant Lenskart is gearing up for its Initial Public Offering with an expected valuation of Rs 70,000 crore. Investors are anticipating substantial gains, with some seeing returns of up to 17 times their initial investment. The company’s valuation has…
Canva India, the fourth-largest global market for the platform, aims to become its top market, driven by creators, students, and AI adoption. With over 2.8 billion designs created and tailored local content, Canva leverages India’s mobile-first, digitally savvy population, strategic…
The round will see participation from VC firms Peak XV Partners and Unilazer Ventures, valuing the company at around Rs 150 crore ($17 million). The platform that facilitates open and anonymous discussions on topics including career, finance, professional experiences, and…
The government is taking steps to support traditional media amid rapid digitisation. Initiatives include TRP reforms, raising advertisement rates, and integrating RNI, CBC, and PIB for better coordination. Efforts also focus on improving transparency, outreach, and fact-checking, including a chatbot…
Byju’s, the once celebrated edtech giant, has found itself embroiled in a prolonged legal and financial crisis. Delayed audits, funding shortfalls, debt disputes, insolvency proceedings, and regulatory actions—including Supreme Court and NCLT interventions—have marked its troubles. Here’s a look at…
The newly formed entity, Reliance Enterprise Intelligence Ltd (REIL), is a joint venture between RIL’s subsidiary, Reliance Intelligence Ltd, and Meta’s wholly owned subsidiary, Facebook Overseas, Inc. Reliance Intelligence will own a 70% majority stake in REIL, and Facebook Overseas,…
The government-backed cooperative taxi service, which will charge the drivers only a small membership fee and no commission, is set to give private ride-hailing companies like Ola and Uber a run for their money.
Reliance Industries and Facebook’s Indian arm have formed a joint venture, Reliance Enterprise Intelligence Limited (REIL), to develop and distribute enterprise AI services. The new entity, with an initial investment of Rs 855 crore, will see Reliance Intelligence hold a…
Indian venture capital firms are now backing startups with challenging, complex solutions. This shift follows the maturation of the country’s startup ecosystem. While venture capital investment saw a slowdown in the third quarter of 2025, the nation reported a strong…
Elon Musk’s Starlink is gearing up to launch satellite broadband services nationwide. This and more in today’s ETtech Top 5.
Coforge Q2 Results: Coforge reported a stellar Q2, with net profit surging 86% year-on-year to Rs 376 crore. Revenue climbed 32% to Rs 3,986 crore, driven by strong order intake and new client acquisitions. The company’s robust performance and low…
IBM has successfully run a crucial quantum computing error-correction algorithm on readily available AMD chips. This development marks a significant step towards commercializing quantum computers, demonstrating the algorithm’s real-world effectiveness and speed. The breakthrough is ahead of schedule for IBM’s…
Billionaire investor Radhakishan Damani has invested approximately Rs 90 crore in Lenskart Solutions during a pre-IPO funding round. This investment precedes Lenskart’s upcoming Rs 2,150 crore maiden public offering, which will also involve promoters and existing investors offloading shares. The…
The startup’s self-driving technology will be integrated into Grab’s fleet management, vehicle matching, and routing systems. This is May Mobility’s third partnership in the ride-hailing industry, following its recent tie-up with Lyft to launch self-driving cars in Atlanta, and an…
Fintech firm BharatPe has appointed Ajit Kumar as its new Chief Technology Officer, effective October 23, 2025. Kumar, who previously served as Senior Vice President of Engineering at Paytm, brings over 19 years of experience in fintech. He will be…
The Department for Promotion of Industry and Internal Trade (DPIIT) has signed pacts with Kotak Mahindra Bank and Primus Partners to bolster support for startups. These collaborations aim to provide enhanced financial and non-financial assistance, including tailored banking solutions, credit,…
Ola Electric’s board will meet on October 25 to discuss raising fresh funds through equity share issuance. This follows a recent Rs 877.6 crore preferential share issuance to its cell technology subsidiary. The company also plans to enter the battery…
Pave Bank, a digital-first lender enabling businesses to manage fiat and digital assets on one platform, has secured $39 million in a funding round led by Accel. This capital infusion will fuel the expansion of its global footprint, accelerate product…
Intel’s third-quarter results on Thursday will show whether a clutch of recent high-profile investments can shore up its strained finances as new CEO Lip-Bu Tan attempts to revive the ailing chipmaker. Multi billion-dollar investments from Nvidia and Japan’s SoftBank as…
Two civil rights groups — Article 19 and Germany’s Society for Civil Rights — filed a complaint with EU regulators accusing Apple of violating the Digital Markets Act through restrictive App Store and device terms.
Enterprise software firm UnifyApps secured $50 million in a funding round. WestBridge Capital led the investment. Ragy Thomas, Sprinklr founder, joins as chairman and co-CEO. UnifyApps enables enterprises to unify data and automate workflows with AI. The company plans team…
India Quotient, a seed-to-early-stage venture capital fund, has successfully raised $129 million for its fifth fund. The firm also announced the elevation of Kanika Agarrwal and Sahil Makkar to partner roles, strengthening its leadership team. Known for early investments in…
Microsoft CEO Satya Nadella received a total pay package of 96.5 million for the 2025 financial year, according to a proxy filing by the company. This is a 22% hike from last year’s $79.1 million.
Apple Inc. launched a significant legal challenge against the EU’s Digital Markets Act, arguing the antitrust rules impose “hugely onerous and intrusive burdens” on its rights. The iPhone maker contends the DMA’s interoperability mandates and App Store regulations threaten user…
OpenAI is enlisting over 100 former investment bankers to train its AI on financial modeling through a secretive project codenamed Mercury. These contractors, paid $150 per hour, are building models for various transactions to automate entry-level tasks, aiming to make…
Salesforce CEO Marc Benioff believes AI cannot replace sales staff, emphasizing human connection. This comes as Salesforce aggressively deploys AI and hires thousands for sales roles. Previously, the company reduced customer support staff, citing AI’s efficiency. While AI handles many…
Speaking on The Dwarkesh Podcast, hosted by Dwarkesh Patel, a tech-focused podcaster, Karpathy said most of these systems don’t yet work as promised. The researcher, who made major contributions to deep learning applications at OpenAI and Tesla, argued that many…
ChangXin Memory Technologies (CXMT) plans an initial public offer in Shanghai as soon as the first quarter of next year, eyeing a valuation of up to 300 billion yuan ($42.12 billion). The IPO plans come as China’s semiconductor stocks have…
A cybersecurity company, F5, suffered a year-long hack blamed on Chinese spies, raising concern among users of its products. F5 said its source code and details of software weaknesses were stolen. The company supports over 80% of Fortune 500 firms,…
Ola Electric’s founder Bhavish Aggarwal and executive Subrat Kumar Dash were booked after engineer K Aravind died by suicide in Bengaluru. Arvind left a 28-page note alleging workplace harassment. His brother claimed the company paid Rs 17 lakh posthumously, raising…
The complainants, led by lawyer Wang Qiongfei, argue that Apple maintains a monopoly over iOS app distribution in China while permitting alternative payment methods and app stores in other markets following regulatory pressure from the European Union and United States.
Alphabet’s life sciences unit, Verily, has announced the launch of an artificial intelligence (AI) powered health app called Verily Me. The Trump administration has encouraged tech companies to expand the suite of healthcare tools available to citizens. Alphabet, Apple and…
The opt-in feature, rolled out on Friday, suggests fun edits to photos and videos on users’ camera roll that they can share on the platform. The company said in a blog post that all suggestions are private to each user…
In a significant leap toward advanced space capabilities, Beijing successfully launched a Pakistani remote sensing satellite along with two of its own on Sunday. This launch represents the third satellite deployed for Pakistan by China this year, showcasing their growing…
With this, the ride-hailing major is positioning itself as a one-stop solution for digital travel users, combining daily mobility with travel booking.
As per the industry data analysis of over 4.25 crore shipments by logistics intelligence platform ClickPost, these regions now represent the fastest and largest drivers of festive ecommerce, solidifying non-metro India’s role as the epicentre of order volumes and growth.
The startup, which is looking to push frontier models across agents capable of deep spatial and temporal reasoning, counts researchers, infrastructure experts, and video processing specialists among its founding members.
Effective January 15, 2026, the move will impact AI companies, including OpenAI, Perplexity, Luzia, and Poke, which use WhatsApp to deliver conversational services. Confirming the development to TechCrunch, Meta said that it applies only to broad-use AI assistants and not…
The minister said that data from all retail chains shows there were 20-25% more sales in comparison to last Navaratri and there are many such categories, like 85-inch TV where stocks were completely sold out.
The rapid expansion of data centres, needed to drive artificial intelligence, promises to boost revenues for utilities like A2A, which will supply the electricity they need.
Analysis by mobile app intelligence firm Apptopia shows that ChatGPT’s mobile app has moved beyond the novelty and curiosity stage and is now witnessing more purpose-driven use. Users now access it with a specific task, question, or need in mind.…
Sharing the details of the interaction in a social media post, the minister wrote, “Good conversation with former UK PM @RishiSunak. He appreciated Bharat’s progress in semiconductors and electronics. Invited him to the upcoming AI Impact Summit.”
Experts view the sale by Lee’s sisters Lee Boo-jin and Lee Seo-hyun and his mother, Hong Ra-hee, as part of the owner family’s efforts to secure funds to pay their inheritance tax estimated at about 12 trillion won, following the…
Authorities said the framework aims to protect personal information rights and promote the secure and efficient cross-border flow of data, according to statements issued by the country’s cyberspace and market regulators.
Loyalty rewards are becoming a major factor in how Indians pay, especially in sectors like food and ecommerce, says a new report by the fintech firm Phi Commerce. EMI usage is also growing in essentials like healthcare. Yet, UPI remains…
This deal creates a global leader in Intelligent Operations. The acquisition aims to enhance AI tool offerings for companies. WNS will be integrated into Capgemini’s accounts soon. This move is set to transform business processes in the era of generative…
Google is investing $15 billion in Visakhapatnam for its largest AI hub outside the US. This project will boost the region’s transformation. Google CEO Sundar Pichai also anticipates quantum computing’s arrival within ten years. He believes this technology will require…
Artificial intelligence is rapidly changing industries. However, jobs are not disappearing. Instead, roles are evolving. Repetitive tasks are being affected, but new opportunities are emerging. India has a strong foundation in its services sector to leverage AI. Large-scale re-skilling and…
Kraken has bought futures exchange Small Exchange from IG Group for $100 million, allowing it to offer a fully US-based derivatives platform. Small Exchange is licensed by the US Commodity Futures Trading Commission, giving Kraken a regulated way to provide…
Blinkit aims to expand its network to 3,000 dark stores by March 2027, says CEO Albinder Dhindsa. This growth supports its lead in the 10-minute delivery market. The company currently holds over 50% market share, ahead of rivals like Zepto,…
The Deepinder Goyal-led company posted a 183% rise year-on-year in the operating revenue at Rs 13,590 crore during the quarter under review, the filing showed. Net profit fell 63% YoY to Rs 65 crore.
Google has launched updated video models, Veo 3.1 Standard and Fast, via its Gemini API. These versions improve on Veo 3 with more realistic videos and better prompt matching. The company claimed that it can generate “richer native audio” and…
The G20’s Financial Stability Board (FSB) has warned that global efforts to regulate crypto markets are falling short. While some progress has been made since its 2023 guidelines, the FSB says rules are still patchy and poorly coordinated, raising concerns…
OpenAI will relax ChatGPT restrictions, allowing erotic content for verified adults, aiming to “treat adult users like adults.” CEO Sam Altman said earlier safety rules made the chatbot less enjoyable for many without mental health issues. The company claims new…
In a bid to accelerate its business in India, Apple is advocating for changes to the country’s tax laws. The tech giant is aiming to secure tax breaks on the sophisticated equipment it supplies to iPhone manufacturers, a move seen…
OpenAI is making massive deals worth over a trillion dollars. These agreements secure computing power for its AI goals and hardware plans. The company is partnering with major firms like Oracle, Nvidia, Samsung, and SK Hynix. OpenAI is also entering…
British AI group Nscale said on Wednesday it signed a deal with Microsoft to deliver a total of about 200,000 Nvidia AI chips.
Paytm’s parent company, One 97 Communications, is undergoing a major internal restructuring. The company will bring several financial and technology subsidiaries under direct ownership. This move aims to simplify the group’s structure and boost operational efficiency. The transactions are valued…
Resale home marketplace HouseEazy has secured $16.8 million in a funding round led by Accel. The company, founded in 2021, utilizes a full-stack model to simplify pre-owned home transactions. Funds will be used for tech advancement, innovation, and expansion into…
Bharti Airtel and Google has entered into a partnership to set up an AI hub in Andhra Pradesh’s Visakhapatnam, with support from AdaniConneX. The $15 billion project, spread over five years, includes a dedicated data centre and a cable landing…
Three economists won the Nobel Prize for showing how innovation and creative destruction fuel long-term economic growth. Their work links scientific progress, technology, and economic change. It also explains today’s shifts in industries like AI and ecommerce, and the importance…
Foxconn clarified it did not discuss new investments in Tamil Nadu after its India representative Robert Wu, met with the state’s chief minister, MK Stalin. While Foxconn confirmed the meeting, it stated no fresh investments were discussed. The state government…
AdaniConnex, a joint venture of Adani Enterprises, is partnering with Google to establish India’s largest data centre campus in Visakhapatnam, Andhra Pradesh. This significant investment will create a major AI hub, featuring gigawatt-scale data centre operations supported by subsea cables…
India’s largest quick commerce platform, Blinkit, is experiencing warehouse disruptions in key cities due to a surge in festive demand and its shift to an inventory-led model. This operational challenge is impacting sellers, who are missing out on crucial Diwali…
Deeptech startup Chara Technologies has secured $6.2 million in funding led by Arkam Ventures to scale its rare earth-free motor platform. The investment will support a new Bengaluru factory, aiming for an annual capacity of 1 lakh units and expansion…
Fintech startup GoodScore has secured $13 million in a funding round led by Peak XV Partners. The Bengaluru-based company offers AI-driven insights and tools to help users monitor and improve their credit scores. Funds will be used to enhance AI…
ONDC has launched a new financial aid program. This initiative aims to support smaller logistics sellers and technology providers. The program offers grants to improve delivery operations and expand the network. Logistics sellers can receive funds per delivered order. Technology…
Tata Consultancy Services is reducing its reliance on H-1B visas for US operations, with CEO K Krithivasan stating a significant drop in fresh applications. This strategic shift aims to foster local hiring and aligns with a broader workforce transformation. The…
Google Chrome has added a feature that automatically removes notification permissions from websites users haven’t visited in a while. The update, now live on Android and desktop, aims to reduce disruption. However, it won’t affect notifications from installed web apps,…
The Institute of Chartered Accountants of India (ICAI) is in talks with the ministry of electronics and IT to share financial data of listed companies. This data will support the creation of India’s own AI models. The project aims to…
India’s National Stock Exchange (NSE) faces about 170 million cyberattacks each day. A special team of “cyber warriors” works nonstop to keep operations safe. During ‘Operation Sindoor’, NSE saw a record 400 million attacks in one day. But strong teamwork…
Maharashtra chief minister Devendra Fadnavis said new tech like AI, blockchain, and digitisation is making both business and government more open and efficient. He believes these tools can help farmers earn more and lose less. Speaking at a tech event,…
Conversational AI apps like Chai and Character.AI let users create and interact with virtual personas, while Roblox is a social gaming universe where kids play and interact daily. Together, these interactive platforms and games, experts told ET, represent a rapidly…
Salesforce CEO Marc Benioff expressed strong support for President Trump and endorsed deploying National Guard troops to San Francisco to address crime, citing a lack of sufficient police officers. This marks a notable political shift for the billionaire philanthropist, who…
OpenAI and Sur Energy are set to build a massive data center in Argentina. This project, valued up to $25 billion, will support advanced artificial intelligence computing. The facility will have a capacity of 500 megawatts. This initiative is expected…
Plans for the project, which is expected to be based in the northeastern state of Ceara, were disclosed by Reuters in April, when three people familiar with the matter had said TikTok’s Chinese parent company ByteDance was weighing the move.
FCC Chair Brendan Carr said in an interview that the items removed are either on a U.S. list of barred equipment or were not authorized by the agency, including items like security cameras and phones from companies like Huawei and…
The lawsuit is one of many high-stakes cases brought by copyright owners such as authors, news outlets, and music labels against tech companies, including OpenAI, Microsoft, and Meta Platforms, over the unauthorized use of their work in AI training. Anthropic…
Tata Consultancy Services plans a significant $7 billion investment in a 1GW data center unit in India, a strategic shift from its capex-light model. Analysts express caution, citing limited overlap with core IT services and potential pressure on high return…
Prince Harry and Meghan Markle called on parents to oppose social media firms that exploit children through harmful algorithms. They highlighted the risks of unregulated AI, citing research showing children frequently face damaging interactions with chatbots. Their foundation will partner…
SoftBank Group is discussing a $5 billion loan from global banks, using shares of its chip business Arm Holdings as security. The funds will support more investment in OpenAI this year, Bloomberg News reported.
WeWork India shares: WeWork India Management shares experienced a subdued listing on stock exchanges Friday, opening with a marginal premium on the NSE and a slight dip on the BSE. The company’s Rs 3,000-crore IPO, a pure offer-for-sale, saw strong…
China is increasing its enforcement of chip import restrictions, aiming to move its tech firms away from relying on US products. According to the Financial Times, this includes reducing dependence on Nvidia’s AI chips, as Beijing pushes for more control…
Indian equity markets are underperforming due to limited AI exposure, prompting fund managers to pursue high-growth strategies. Foreign investors are retreating, selling billions in equities, while domestic investors are absorbing the outflows. Despite valuation concerns, India’s long-term growth story and…
Chennai’s OrbitAID Aerospace is set to deploy India’s first in-orbit docking and refuelling interface, SIDRP, on an Australian mission in 2026. This groundbreaking commercial deployment, supported by the Indo-Australian Space MAITRI grant, aims to extend spacecraft lifespans and promote space…
Infosys has filed a writ petition in the Karnataka High Court challenging a Rs 415 crore show cause notice from the DGGI concerning alleged ineligible input tax credit refunds. The notice claims services provided by overseas branches were not exports,…
America has approved billions of dollars in Nvidia chip exports to the United Arab Emirates. This is part of a bilateral artificial intelligence agreement. The deal will help the UAE build data centres for AI model development. The agreement allows…
Graphcore, a UK chip firm, will invest $1.3 billion in India over the next decade. The company is opening its first office in Bengaluru, hiring 100 AI engineers initially. This move taps into India’s talent pool for chip design. Graphcore’s…
The deal means ABB has abandoned its decision to spin off and separately list the industrial automation business, which competes with Japan’s Fanuc, Yaskawa and Germany’s Kuka.
Quick commerce firm Zepto has appointed Sneha Arora as its new Chief Human Resources Officer. Arora brings 15 years of experience from companies like Simpl, Myntra, SAP, and Flipkart. Her appointment follows the departure of the previous HR head. Zepto’s…
Ixigo’s parent, Le Travenues Technology, will review a proposal from an investor to buy both new and existing shares. The investor, possibly through affiliates, aims to hold no more than 16% of the company. A board meeting to discuss this…
OpenAI and Anthropic may use investor money to deal with costly lawsuits, according to the Financial Times. They, along with some other tech firms, face legal action over alleged misuse of copyrighted content to train AI. OpenAI reportedly has up…
Job seekers are now hiding instructions for AI chatbots within their resumes. This tactic aims to get past automated screening systems and secure interviews. Companies are updating their software to detect these hidden commands. Some recruiters reject candidates who try…
PayPal CEO: India’s UPI is its platform’s first onboard payments system partner
Tesla may reveal a cheaper version of its popular Model Y SUV on Tuesday, aiming to boost sales and regain lost market share. Elon Musk had long promised a budget-friendly EV but dropped plans for a new $25,000 model. The…
According to the Financial Times, Elon Musk has named former Morgan Stanley banker Anthony Armstrong as the new CFO of artificial intelligence company xAI. He will lead the finance operations for both xAI and social media platform X, replacing Mike…
The Nobel Prize in Physics is set to be announced, with potential honorees recognized for advancements in wavelet theory powering image compression, “invisibility cloak” research, and the science behind the James Webb Space Telescope. Other speculated fields include quantum information…
OpenAI’s CEO of Applications, Fidji Simo, says big AI spending isn’t a bubble but the new reality, driven by rising demand. She sees computing power as key. While recognising AI risks, she highlights its benefits in mental health and jobs.…
Chetan Bhagat dismissed AI’s threat to fiction writing. He stated AI cannot replicate human emotion or lived experience. Bhagat launched his new book, ’12 Years: My Messed-Up Love Story’, in Pune. The book features a love story with an age…