2024: How the fintech industry will learn to live a regulated life

For Razorpay and Cashfree, Christmas came a week early, as after a year of being under embargo from the RBI, which halted new merchant onboarding, the startups finally managed to restart business.

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India job scene sees early signs of disruption from AI

Millions of working employees will need reskilling and upskilling, which in turn could create new job opportunities as well, say experts

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Boom in AI prompts a test of copyright law

Authors and a leading photo agency have brought suit over the past year, contending that their intellectual property was illegally used to train AI systems, which can produce humanlike prose and power applications like chatbots.

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Manipur CM announces welfare schemes for education, sports and women empowerment

Manipur Chief Minister N Biren Singh announced the launch of multiple welfare schemes in January. These include the Khungang Ama, Sanabung Ama scheme, the Chief Minister's Sportspersons Livelihood Guarantee Scheme, and the Ima Nongthang Leima Yaipha Tengbang Scheme. Additionally, Singh introduced the School Fagathansi 2.0 and College Fagathansi schemes to improve educational infrastructure. Furthermore, financial packages will be provided to displaced individuals and farmers through the Chief Minister's Farmer Livelihood Scheme.

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Bihar education department orders re-verification of more than one-lakh newly recruited teachers

The Bihar Education department has ordered re-verification of nearly one lakh teachers recruited last month, following complaints that those turning up for the job were imposters. Additional Chief Secretary, Education Department, K K Pathak, blamed the anomalies on the 'failure' of Bihar Public Service Commission (BPSC) to share thumb impressions of candidates who had appeared in the entrance examination with the department at the time of counseling in November. The department recently called 4,000 selected teachers for random re-verification and identified three imposters. Legal actions have been initiated against imposters by the department.

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23 going on 24: Making sense of a chaotic yet colourful year for India's tech sector

From 15.4 billion downloaded games to 138.08 crore people covered by Aadhar, India's tech sector had an eventful 2023. ET takes a look at the top 23 moments from 2023.

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US wants to contain China's chip industry. This startup shows it won't be easy

The production of advanced chips is one of the most contentious technological struggles now dividing the United States and China as they vie for economic and military supremacy. Washington is trying to curb China's access to sensitive microchip design tools.

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IT executive exodus: a primer on breach of contract, lawsuits

IT major Wipro has filed at least two legal complaints against its former senior executives including former senior vice president Mohd Haque and ex CFO Jatin Dalal for breach of his employment contract with Wipro. What does this mean?

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Chinese company BabyBus is taking kids for a ride

BabyBus is still very active in India despite TikTok and other Chinese apps being banned. Experts have raised questions over the handling of Indians’ data by the company that provides customised free digital content primarily for children.

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DMI, Aditya Birla Finance in race to scoop up ZestMoney in firesale

ZestMoney, which was offering buy-now-pay-later (BNPL) loans to customers at ecommerce and offline checkout points, had around December 5 informed its employees about its plans to shut down by the end of this month. ET wrote on December 7 the company shut down mostly after its lending partners withdrew debt lines to the startup.

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Russian tech company Arenadata plans to hold IPO in 2024

Arenadata, a Russian developer of data collection and storage platforms, intends to launch an initial public offering (IPO) on the Moscow Exchange in 2024.

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Social media companies may have to delete data of users away for three years

The proposal is part of draft executive rules of the Digital Personal Data Protection (DPDP) Act, which was ratified as a law in August this year. ET has seen a copy of the draft rules, which will be floated for discussion among stakeholders shortly.

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2023 Year in Review: How money followed deeptech companies at tech’s frontier

Deeptech is a term for businesses using advanced science and technology to find solutions for complicated problems across over a dozen sectors. The year saw a steady increase in investor interest in high-tech innovation-focused companies.

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Zomato receives Rs 402 crore show cause notice over unpaid GST on delivery charges

Zomato said it received the GST notice on December 26 to show cause as to why an alleged tax liability of the said amount for the period October 29, 2019 to March 31, 2022 should not be demanded from the company.

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Flipkart marketplace arm’s revenue jumps 42% to Rs 14,845 crore in FY23, loss narrows 9%

Walmart-owned Flipkart runs its India business through various entities, and Flipkart Internet runs the marketplace where the firm earns its revenue in the form of seller commissions, advertising income, and other fees for seller services.

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Apple in advanced talks with parts companies Aequs, Rayprus

Aequs makes high-quality toys, consumer durable goods and aerospace parts in India, US and France while Rayprus is a subsidiary of Taiwanese contract manufacturing giant Foxconn and makes high-quality precision camera and lens solutions.

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Startups write a $1.5-billion twist in winter’s tale

December brings the highest monthly fundraise of 2023, though the annual total is the lowest in 7 years.

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2023 Year in Review: Meet the executives who donned the founder hat

In partnership with executive search firm Longhouse Consulting, ET has put together a list of high-profile executives who launched their own ventures this year. Several of these executives are still tinkering with and developing their startups in stealth mode.

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Artists use tech weapons against AI copycats

Artists under siege by AI that studies their work, then replicates their styles, have teamed with university researchers to stymy such copycat activity. The artist turned to free software called Glaze created by researchers at the University of Chicago.

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Working towards launching six satellites in 2024, 18 by 2025: Pixxel CEO Awais Ahmed

Fireflies is a constellation of satellites which will have high resolution cameras and higher collection capacity and will remain in Space for ten years. Honeybees is another constellation of satellites which will increase the resolution of images and the wavelength range of Pixxel’s satellites.

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Peak XV-backed semiconductor firm Mindgrove’s quad core chip enters design phase

The second chip is a quad core with support for external memory and an integrated GPU (Graphics Processing Unit), Shashwath TR, cofounder and CEO, Mindgrove Technologies told ET.

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FTX debtors settle claims over Embed deal with Sam Bankman-Fried, others

The settlement agreement is between Bankman-Fried, and former FTX executives Nishad Singh and Gary Wang.

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In-depth | India’s electronic ambitions ride on young female employees

Women are increasingly becoming the talent pool of choice for electronics companies. This augurs well for companies which will have to double down on their hiring considering the electronics market in India alone is being valued at $155 billion, with domestic production accounting for 65 per cent.

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Plan in works to recognise skill certification of MNCs, top companies

While Microsoft, IBM, HCL Tech and the Confederation of Indian Industry (CII) have come on board, talks are on with Google, Meta, Cisco and various sector leaders, a senior government official told ET. "The plan is to have at least 10 international awarding bodies in the next two months and double this to 20 by July 2024," the official said.

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OpenAI in talks to raise new funding at $100 billion valuation: report

The terms, valuation and timing of OpenAI's funding round have not yet been finalised and could still change, the report said.

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How layoffs reordered Indian startups this year, and other top tech stories this week

Startups laid off over 28,000 people just in the first three quarters of 2023. This alone was over 50% higher than 2022, when companies let go nearly 18,000 employees.

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China announces rules to reduce spending on video games

The new rules, which will effectively set spending limits for online games, sparked panic among investors, wiping off nearly $80 billion in market value from China's two biggest gaming companies, as investors sought to gauge the potential impact on earnings and more restrictions in the offing.

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Coforge gets Rs 122 crore income tax demand notice

The company said that the assessment unit had made an adjustment under transfer pricing due to variation in margin.

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Microsoft ending support for Windows 10 could send 240 million PCs to landfills: report

The electronic waste from these PCs could weigh an estimated 480 million kilograms, equivalent to 320,000 cars.

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PM Modi taps Bhashini AI platform to bridge language divide

Bhashini counts among its various products and technologies, real time speech to speech machine translation, and automatic speech recognition, which Prime Minister Narendra Modi used on December 19 to interact with students in various parts of India via video conferencing.

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As RBI lifts curbs, Razorpay, Cashfree eye lost market share

With both Razorpay and Cashfree back in the business, industry insiders said there could be a price war breaking out in the online merchant payment space.

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Google Maps, ONDC, Namma Yatri tie up to provide seamless mobility experience

ONDC may include long-distance trains and flights in time to come, its managing director and chief executive officer T Koshy said.

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28,000 and counting: That’s the 2023 layoff data from startup land

Startups have been the worst hit this year since the highs of aggressive hiring from 2021, data from Longhouse Consulting shared exclusively with ET showed.

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Indian companies seek comprehensive cybersecurity: HPE India CTO Sadasiva Ranganath

On certain days, HPE records as many as 2.6 billion logged requests and cybersecurity-related events. Cybersecurity, therefore, is no longer a “one-time effort” that companies are putting in, Sadasiva Ranganath said.

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OpenAI says board can overrule CEO on safety of new AI releases

​​The release of the guidelines follows a period of turmoil at OpenAI after Chief Executive Officer Sam Altman was briefly ousted by the board, putting a spotlight on the balance of power between directors and the company’s c-suite.

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Uber pushes intercity, reserve rides, leans on longer trips

The company has expanded the intercity service to around 100 cities and is adding new features to the offering that increases the average ticket size on the platform.

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Tech services demand may rise on upbeat statements from Fed

Central bank’s guidance on rate cuts may lead to higher spending on tech by companies in the top market for IT services.

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Laptop company Primebook grabs 3% market share in first year

Mahant claimed that the company is one of the fastest growing startups in the IT hardware sector whose valuation has already crossed Rs 500 crore.

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Unicorn Slice eyes $100 million to fuel its banking dreams

The Bengaluru-based fintech firm is scouting for fresh equity and is trying to get a good deal from investors. The talks are still at an early stage and, given the overall funding winter, might take a few months to close, sources told ET.

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Over 20 lakh parents attend mega PTM in Punjab govt schools

More than 2 million parents of government school students attended a large-scale parent-teacher meeting (PTM) conducted statewide on Saturday. Education Minister Harjot Singh Bains reported that valuable suggestions were gathered from parents during the event, held at 19,109 schools from 10 am to 3.30 pm.

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AI’s Magic Call: how AI will make smartphones smarter

Artificial intelligence will unlock limitless possibilities in smartphones once they fully adopt the technology and make it a part of their offerings. Here's how AI will make smartphones smarter and unleash the next phase of growth for the industry

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Seeing eye to AI: risk and impact of artificial intelligence use in businesses

Along with independent research and analysis firm Foundry, looked at actions, experiences, and projections of more than 1,000 decision-makers, C-level executives, business leaders, automation leaders and practitioners across industries and regions over two months. The report underscored three topics – AI, productivity improvements and scalability.

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Going vocal with local on LLMs; and other top tech, startup stories this week

While tech biggies including Microsoft, Google, and Meta are leading the charge on AI, more localised contingents are emerging across geographies, including in India and the European Union.

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Infosys kicks off holiday season with long-awaited pay hike

The hikes, which typically are effective from April 1, have now been announced from November 1, 2023, ET has learnt. It does not include reviews for entry level workers of the IT services major, according to people aware of the matter.

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Government may go high-tech to reduce wastage of fresh fruits, veggies

Plans to use a technology tool developed by ecommerce major Amazon called Johari to reduce wastage of fresh fruits and vegetables at its warehouses and retail outlets.

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Eye on higher tech spend in 2024, IT firms see 5-6% rise in hiring

Hiring mandates put out by IT services companies – that had almost completely frozen recruitments in the last few quarters due to weak tech demand – are improving on a month-on-month basis, recruitment firms said.

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BharOS looks to provide its technology for routers

BharOS, an indigenously developed mobile operating system, is considering providing its technology for routers, said Karthik Ayyar, the founder of JandK Operations, an IIT Madras incubated non-profit organisation that has built BharOS.

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US-India partnership to become most strategic in the world: John Chambers

Chambers also underscored that India is on track to become the number one economy in the world, reiterating his comments from June this year, when Prime Minister Narendra Modi visited the US.

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Ola, SarvamAI announce their large language models

In two separate developments on Wednesday, mobility unicorn Ola and AI startup SarvamAI have announced their large language models (LLMs) trained to generate text in Hindi.

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Investments in private markets, firms fetch better returns than public markets: report

The report highlights that the aggregate benchmark of alternate investment funds (AIF) investing in private markets delivered an alpha of 13.5% over the public market equivalent, S&P BSE Sensex.

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Isro enables access to remote sensing data from 44 satellites since 1986

​​This is in accordance with the Indian Space Policy 2023 that talks about enabling easy access for government entities and non-government entities to space-based remote sensing data collected through public expenditure.

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M2P Fintech acquires Goals101 in a cash-and-equity deal worth Rs 250 crore

The equity-plus-cash deal is worth Rs 250 crore, or $30 million, people aware of the negotiations told ET.

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India strategically important for us, says NTT Global CEO Abhijit Dubey

Japan’s Nippon Telegraph and Telephone (NTT) Group views India as a strategically important market that houses its second largest employee population outside of Japan and has the potential to be among the company’s top revenue generators, its global CEO Abhijit Dubey told ET in an exclusive interview.

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GPAI Summit 2023 | India will launch AI mission to boost agri, healthcare: PM

“The aim of this mission will be to establish sufficient AI compute power in the country. This will help India’s innovators and startups get better facilities. Under this mission, AI applications in agriculture, healthcare and education-related sectors will be promoted,” Modi said at the inaugural session of the Global Partnership on Artificial Intelligence (GPAI) Summit 2023.

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Indians still prefer to use cards during international travel: report

The survey also found that around 10-12% of the respondents still use currency exchange, which means while using their cards they use cash too.

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Ayurveda-focused B2C startup Nat Habit raises $10 million led by Bertelsmann

The company has previously raised about $7 million in total. From the current funding, about $2 million will be used for early-stage investor exits, in about 5X returns in four years. Its other past investors include Peak XV Partners, formerly Sequoia India and Southeast Asia.

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Zomato sees an opportunity in catering business

The company is also looking to add more offerings to its loyalty programme, Gold, despite concerns about the potential impact on profitability, Rakesh Ranjan, chief executive for food delivery, said in an interview.

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US judge to hear Meta privacy dispute with FTC next month

The agency proposed tightening a 2019 consent agreement, that had forced Facebook, which became Meta in 2021, to pay a $5 billion penalty.

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Dunzo survival hinges on Reliance Retail commitment to funds

An impasse after several rounds of discussions has left Dunzo’s other investors increasingly sceptical of its chances of survival in the absence of fresh funding soon, said multiple people briefed on the situation.

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Amazon competitor Zulily curtails operations, lays off hundreds

Zulily will lay off 292 workers in Seattle and elsewhere in Washington, effective from February 7, according to a notification from the state Employment Security Department, reports Seattle Times.

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Finally, it's done: Europe agrees landmark AI regulation deal

With the political agreement, the EU moves toward becoming the first major world power to enact laws governing AI. Friday's deal between EU countries and European Parliament members came after nearly 15 hours of negotiations that followed an almost 24-hour debate the previous day.

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Green Shoots: Sustainability now part of corporate agenda for Indian tech companies

For tech companies in India, sustainability is now part of corporate agenda. So accordingly, apart from their products, the likes of Intel and SAP Labs have also invested in green campuses

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Microsoft says it does not own any portion of OpenAI

"While details of our agreement remain confidential, it is important to note that Microsoft does not own any portion of OpenAI and is simply entitled to share of profit distributions," said company spokesman Frank Shaw.

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Europe agrees landmark AI regulation deal

With the political agreement, the EU moves toward becoming the first major world power to enact laws governing AI.

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Startups’ annus horribilis; and other top tech stories this week

Indian startups are closing 2023 with a cloud of uncertainty looming large over them.

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Funding in Indian startups sinks to its lowest since 2017

Investments till date at $7 billion for 2023; Oct-Dec least funded quarter since July-Sept 2016, show data

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Memory, storage products made at Micron ATMP in Sanand will be largely exported: Micron MD Anand Ramamoorthy

On Monday, agreements for ensuring project milestones are met on time, and for disbursement of incentives, were signed among Micron, India Semiconductor Mission (ISM) and Government of Gujarat.

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WhatsApp introduces "view once" feature for voice notes

The feature allows users to designate voice notes as "View Once." This enhances privacy by preventing the recipient from exporting, forwarding, saving, or recording the voice note. The "View Once" audio will disappear once the recipient listens to it.

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Elon Musk says his AI firm xAI is not raising funds 'right now'

The company has raised $134.7 million in equity financing from a total offering amount of $1 billion, the filing with the Securities and Exchange Commission showed on Tuesday.

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NCLT tells Ashneer Grover to establish maintainability of plea against BharatPe

On Wednesday, the tribunal heard arguments on the quantum of stake Ashneer Grover, who is also the founder of BharatPe, holds in the company.

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India's tech chops help GCCs to look within for solutions

ANSR, which helps set up GCCs and handles over 110 centres and 120,000 GCC talent resources, says that over 30,000 critical jobs over the past decade have been insourced from system integrators to their own payrolls by GCCs.

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Apple taps companies in India, Taiwan, South Korea, Japan for critical parts

In January, about 17 Chinese companies that supply components for Apple’s devices applied for government clearances to set up manufacturing facilities in India.

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Perfios eyes US, Europe expansion in 9-12 months: CEO Sabyasachi Goswami

The software-as-a-service startup has been chalking out plans to enter the US and European markets next year. According to Goswami, almost 10% of the firm’s revenue can come from these adjacent industries in the next two to three years.

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Failure to curb deepfakes may lead to action under IPC too: Official

On Tuesday, senior government officials from the ministry of electronics and information technology met executives from social media and other internet-based intermediaries. The meeting was chaired by the minister of state for electronics and information technology Rajeev Chandrasekhar.

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Byju’s may have to dip into Epic sale funds to keep lights on

Troubled edtech reduces notice period to 15-30 days across staff level to cut costs

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Uber set to join the S&P 500 index in latest sign of turnaround for the ride-hailing service

The San Francisco company will be added to the benchmark index prior to the opening of regular trading on Dec. 18, S&P Dow Jones Indices said late Friday.

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Focus on low-cost AI models, says Nandan Nilekani

Speaking at the Carnegie Tech Summit 2023, Nilekani said that all AI should be use-case-led which can be amplified to make the lives of common people better.

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Zerodha cites IP database update for login glitch on Kite

Users of Kite took to social media platform X (formerly Twitter) on Monday morning to vent out their frustration after being unable to login into the app.

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EU founders and VCs turn to safer shores like AI on slump

European startups are making strides towards developing AI platforms that aim to compete with US-based companies, such as Open AI, in addition to building in areas such as quantum computing, chip design and semiconductors.

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Game theory: How fortunes of India's gaming industry turned from being a sunrise sector

From being a sunrise sector to a stressed one, fortunes of India’s gaming industry have quickly turned. ET looks at what is driving the bullish investor sentiment in the sector despite recent setbacks

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As Zo House turns one, a look at the co-living space where Web3 creators huddle, work and play

Zo House BLR at Anaa Infra’s Signature Towers is a home away from home for an elite group of 405 members who hold nonfungible tokens (NFTs), including actor Lisa Ray, former Unacademy chief of design Abhinav Chhikara, and Polygon cofounder Sandeep Nailwal, among others.

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OpenAI's Sam Altman, sugarcoating the apocalypse

The government has nibbled the edges of regulation, but the quicksilver AI has already leaped ahead of the snaillike lawmakers and bureaucrats. Nobody, even in Silicon Valley, has any clue how to control it.

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Inside a Mumbai house where a league of gaming legends resides

Esports organisations such as S8UL, Revenant Esports, GodLike Esports, Orangutan Gaming and Global Esports have leased out swanky bungalows to build gaming houses or boot camps to house the top esports athletes of their teams.

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EU wants to know how Meta tackles child sex abuse

The request for information focuses on Meta's risk assessment and mitigation measures "linked to the protection of minors, including regarding the circulation of self-generated child sexual abuse material (SG-CSAM) on Instagram", the European Commission said.

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Exclusive: Top-deck shuffle at Amazon India; social media firms and anti-deepfake tools

Amazon has started significant top-level restructuring of its India management team under vice president and country head Manish Tiwary.

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Amazon India starts top-level rejig under Manish Tiwary

Noor Patel, one of the most senior executives at Amazon India heading category management, moving to US; dual leadership structure under Tiwary, Amit Agarwal likely.

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NPCI eyes big-size spends on RuPay UPI credit cards

Currently users split bills, pay their local vendors, taxi rides and retailers through UPI, the most popular smartphone-based payments mode in the country.

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Indians to gain big from domestic US visa renewal pilot

The pilot will address around 20,000 work visa renewals, or almost a tenth of the estimated 583,420 H1-B visa holders. The programme, which was proposed in February and formally announced in September during prime minister Narendra Modi’s US visit, will commence in December.

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Canada, Google reach deal to keep news in search results

The Canadian government and Google have reached a deal to support the country's media, heading off an imminent threat by the digital giant to block news on its platform, sources said on Wednesday. The amount is less than the government had estimated the compensation should be, but heads off a potential online blackout for news in Canada, where Google and Meta are the dominating platforms.

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P2P companies log revenue jump, thanks to business partnerships

After years of slow growth and a fledgling business model, some P2P platforms have shown a strong uptick in business volumes mainly through their affiliate programmes, but will regulatory action make this short lived?

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Short of skilled hands, companies turn to apprentices

The findings across 700 companies show about 47% of firms intend to have 10% of their total workforce as apprentices in the next 6 months, while a substantial 31% are currently maintaining an apprenticeship share of 5-10% within their organisation.

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Amazon's AWS appeals to corporate customers with new chatbot, AI safety measures

The new chatbot, called Q, is designed to help with productivity by helping workers summarize important documents and support tickets and chat via communication apps such as Slack, the company announced at its annual cloud computing conference Tuesday in Las Vegas.

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US Thanksgiving weekend sales hit record on big discounts, online boost

Online consumer spending jumped 7.8% during Cyber Week, or the five days from Thanksgiving through Cyber Monday, according to data from Adobe Analytics, outstripping initial expectations for a  5.4% rise.

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RBI, international counterparts discuss CBDCs for cross-border settlements

An internal Reserve Bank of India (RBI) working group has been exploring the best technology path to develop a roadmap for such direct transactions between two countries.

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Premium Indian two-wheeler EV companies eye global foray for growth

The international expansion comes as the industry saw a 25% decrease in subsidies for electric two wheelers impacting sales earlier this year though it eventually recovered.

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VCs double check corporate governance as lapses rise

Multiple top-tier founders and investors said investors are bringing in stricter terms in shareholding agreements as well as term sheets and that's delaying the overall timeline for investments to close by several months in a number of instances.

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Space-tech startup Agnikul to flight test 3D-printed engine by year-end

If successful, the startup incubated on the Indian Institute of Technology, Madras campus, will become India’s second private company to make a small satellite launch vehicle. The first one was Skyroot Aersospace, which launched the Vikram S in November 2022.

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Dealshare founder, president of retail business in race for CEO post

“There is a review going on since Rao stepped down as the CEO. Singh and Medda are the two candidates from the existing management. But the (proceedings) are being run by (a) third-party firm to follow due process,” a person briefed on the matter said.

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Sorin’s Sanjay Nayar teams up with Peak Ventures for cleantech play

Nayar is partnering with Peak Ventures – an early-stage firm focused on cleantech areas such as new energy, food systems, clean water and climate. Under the new arrangement, Nayar would become a general partner at the Mumbai-based firm.

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Elon Musk to meet Israeli leaders on Monday: report

During Musk's visit, before the war, about 200 people protested efforts by Netanyahu's right-wing government to curb the powers of Israeli courts. They gathered outside Tesla's California factory, where the meeting took place.

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Generative AI taking investments to the cloud: Salesforce’s Arundhati Bhattacharya

Salesforce India chairperson Arundhati Bhattacharya talks about how generative AI holds a lot of promise but India’s public sector needs to play tech catch-up.

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Gensol Engineering to manufacture electric reverse trike

The vehicles with two wheels in the front and one in the back will be produced at a 30,000-unit-a-year facility at Chakan, Maharashtra

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Pentagon's AI initiatives accelerate hard decisions on lethal autonomous weapons

Pentagon is intent on fielding multiple thousands of relatively inexpensive, expendable AI-enabled autonomous vehicles by 2026 to keep pace with China.

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ETtech Opinion | Catalysing the Indian innovation ecosystem- the RISC-V way

India is at the forefront of enabling a new era of processor innovation with our own indigenous Digital India RISC-V (DIR-V) Program. RISC-V is a free and open Instruction Set Architecture (ISA) which could be used by startups and entrepreneurs across the world to build their own products and devices.

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Ministers group likely to discuss e-gaming on December 15

While the GoM has conducted “a couple of informal meetings” so far, the first official meeting is likely to set the tone for the process of regulating online gaming, with a specific focus on how to effectively tax the sector and avoid “any illegal gambling or betting, especially from off-shore players”.

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Ecommerce companies, brands line up for Black Friday rush

Online and offline markets in India are set to see sales growing by over 70% in the week of Black Friday this year when compared to business as usual (BAU) weeks, according to estimates from market research firm 1Lattice. In the US, Black Friday is the Friday after Thanksgiving. It's the busiest shopping day of the year and marks the start of the Christmas shopping season. The sale typically gets extended to the following Monday, called Cyber Monday.

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Zomato, Swiggy want to clarify stance to DGGI on tax notice

Companies are expected to tell officials that delivery fees are not accounted for as revenue, but passed on to delivery workers and hence cannot be taxed.

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Cert-In investigation into Apple's state-sponsored threat notifications nears conclusion

The probe found that there was “some vulnerability in Apple’s systems for a period during which several threat actors across the world tried to spread some virus on Apple devices”, the official said on condition of anonymity.

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OpenAI spat highlights perils of leaning on a single GenAI tool

The dependence on OpenAI explains why founders hugely invested in businesses dependent on OpenAI’s tech were extremely concerned.

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Broadcom closes $69 billion VMware deal after China approval

The deal, one of the biggest globally when announced in May 2022, was the latest in CEO Hock Tan's efforts to boost the chipmaker's software business. However, the transaction faced tough regulatory scrutiny across the world and the companies had delayed the closing date three times.

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UCL announces scholarship for 100 Indians from 2024-25

University College London has announced a new scholarship scheme to enable 100 of India’s brightest students to study in the UK. The UCL India Excellence Scholarships will support Indian students with an outstanding academic record to pursue full-time master’s degree studies at UCL. According to a UCL statement, 33 scholarships will be available for the 2024-25 academic year, awarded to exceptional students who have, or are on track to achieve, a first-class degree. A further 67 scholarships will be awarded during the following two years.

from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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Sam Altman, OpenAI board open talks to negotiate his possible return

Discussions are happening between Altman and at least one board member, Adam D’Angelo, said the people, who asked not to be identified because the deliberations are private and they may not come to fruition. The talks also involve some of OpenAI’s investors, who are also pushing for his reinstatement, one of the people said.

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Data will show efforts to fight hate: X CEO Linda Yaccarino tells staff as advertisers flee

X, formerly Twitter, lost several major advertisers including IBM and Comcast, and owner Elon Musk was blasted by the White House after he agreed with a post on the platform Wednesday.

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Amazon business looking to offer multiple licence options at signup

Amazon Business is the B2B offering of Amazon India that provides its business customers with access to products with a GST invoice allowing them to take input tax credit. These customers also get business-exclusive deals and quantity discounts on products, as per its website.

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Sam Altman said to be discussing return to OpenAI with company's board

The discussions follow an outcry after Altman, 38, was ousted from his role as OpenAI's CEO a day earlier. Since then, OpenAI's investors and Altman's supporters have pressured the four board members of the startup to bring Altman back, six people with knowledge of the matter said.

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Campus placements take a hit as IT majors cut back, posing challenges for engineering graduates

Tech majors, once hiring mainstays at engineering campuses, are skipping the exercise this year. ET finds out what this means for the scores of engineers graduating from Indian colleges this year.

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Tech provides the assist to find football’s uncut gems

Reliance Foundation is using ai.io’s talent discovery platform to produce a goal that lets Indian football emerge the winner.

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Meta breaks up its Responsible AI team

Meta Platforms has split its Responsible AI team that worked on understanding and preventing harms associated with the artificial intelligence technology it is developing

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Government to resend advisory on deep fake to intermediaries

The move comes even as PM Modi terms fake content created using technology as a serious threat.

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ChatGPT maker OpenAI's board ousts CEO Sam Altman

OpenAI's chief technology officer Mira Murati will serve as interim CEO, the company said, adding that it will conduct a formal search for a permanent CEO.

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Apple, IBM, Lionsgate suspend ads on X after Elon Musk endorses anti-Semitic post

endorsed an antisemitic post on X that claimed "members of the Jewish community were stoking hatred against white people."​

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'Ridiculous' US lawsuit by Elon Musk's X Corp should be dismissed: hate speech watchdog

The Center for Countering Digital Hate also called the "ridiculous" and "baseless" lawsuit against them an attempt to silence others who say things X may not like. It also denied X's claim that commercial rivals and perhaps even foreign governments were funding its activities.

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Infosys to give 80% variable pay to employees for September quarter

Employees at position level 6 (PL6-manager) and below band – meaning those below manager category barring entry level – are set to receive the variable pay. While the average payout would be at 80%, individual payout will differ based on their performance and contribution for the quarter, as per an official communication by the engineering team HR head at Infosys.

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1mg overtakes PharmEasy in market share in top order change

Tata 1mg had a 31% market share in September 2023 against 19% in October 2022 while PharmEasy slipped to 15% from about 33% during the same period, according to a data analysis by third-party internet market research firm Redseer, which ET has seen.

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PayU eyes B2B pay, credit play under new top brass

From being an early player offering online payments to internet companies back in 2011, to facing severe competition from new-age startups such as Paytm and Razorpay, to a failed attempt to acquire Billdesk and facing a merchant acquisition embargo from the Reserve Bank of India, PayU has had a chequered history in India.

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Microsoft, Google will not challenge EU gatekeeper status

As part of its latest crackdown on Big Tech, the European Union in September picked 22 "gatekeeper" services, run by six of the world's biggest tech companies, to face new rules .

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Meta, Alphabet, ByteDance, Snap must face social media addiction lawsuits

US district judge Yvonne Gonzalez Rogers in Oakland, California ruled against Alphabet, which operates Google and YouTube; Meta Platforms, which operates Facebook; ByteDance, which operates TikTok; and Snap, which operates Snapchat.

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ETtech in-depth | Lacking bite and funding, online meat ecosystem returns to the drawing board

The potential from low online penetration and lack of organisation has seen marquee investors such as Temasek, Prosus, Tiger Global, 3one4 Capital and Amazon pour in over $1 billion in funding into the online meat sector, as per Tracxn.

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Gaming company OnePlay eyes OTT play via telecom plan bundling

OnePlay is developing the OneCloud Network, featuring a decentralised, edge-based internet infrastructure, allowing anyone to host game/VR/ metaverse apps and services on distributed nodes and benefit from improved performance and data privacy.

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Festive season brings cheer to merchants, ecommerce edges past offline traders

According to data from Unicommerce, which helps businesses sell online, order volumes for e-commerce grew about 37% during the festive season sale this year, compared to 2022. In terms of gross merchandise value (GMV), online retail registered a growth of 22%.

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Identify robotics use cases in government departments, PSUs: Nasscom

Nasscom pointed out that while investment in robotics is growing globally, robotics in India suffers from heavy venture capital under-representation.

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SaaS company Whatfix dragged to court by rival WalkMe

WalkMe has alleged that Whatfix, which is backed by SoftBank Vision Fund and Peak XV Partners (earlier Sequoia Capital India), gained unauthorised access to its systems, sought to interfere with its customer relationships, made misleading advertising claims about its products and used its design mark without permission

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China's Singles Day sales festival wraps up with ecommerce giants reporting sales growth

​​Originally a 24-hour online shopping event held on Nov. 11 each year in China, the 'Singles Day' festival - a nod to the digits in the date - has expanded into weeks of promotions across the country's major e-commerce platforms and in brick-and-mortar stores.

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Companies uneasy over consent clause in new data law

Banks, telcos say mandate on seeking consent each time for utilising user info to hurt operations

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Karnataka’s fact-checking unit will need Centre’s assistance: State IT minister Priyank Kharge

State IT minister Priyank Kharge defends the fact-check unit, saying it will help curb fake news

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Fact: check or mate? States embrace fact check units amid freedom of speech concerns

Different state governments are in the process of setting up fact check units to combat misinformation. But, can they be neutral and independent of state control? ET asks career fact checkers for answers!

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15 Days CAT Preparation Strategy for Students

The Indian Institutes of Management will conduct the CAT 2023 exam on November 26. With only 15 days left, it is crucial to focus on revision, take mock tests, and prepare mentally. During this time, students should review weak areas, practice section-wise, and work on time management. Solving previous years' papers and maintaining a healthy lifestyle is also important. Staying calm, positive, and practicing relaxation techniques can help manage stress.

from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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Fintechs shuffle the pack to come up with aces; and other top tech, startup stories of the week

Even fintech infrastructure provider Perfios has roped in Sumit Nigam as chief technology officer, who was previously the engineering head at BigBasket, and Anu Mathew as its new chief people officer from Pine Labs with an eye on an eventual listing.

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Booking.com to pay 94 million euros to settle Italian tax dispute

Prosecutors in the nortwestern Italian port city launched their investigation in 2018 into Booking.com, which is based in the Netherlands, over the way it handles taxation of properties rented out through its website.

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MIB to bring OTT, digital news under proposed new broadcasting services legislation

The Ministry of Information and Broadcasting has opened public consultation on the Broadcasting Services (Regulation) Bill, 2023, designed to replace the Cable Television Networks (Regulation) Act of 1995. The proposed legislation aims to streamline regulatory processes, encompassing Over-The-Top (OTT) and digital news platforms, and update definitions and provisions for emerging technologies.

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Companies rush for cyber insurance on data laws, digitisation

Generally higher claims and lack of strong IT systems for SMEs is causing insurers to be wary about offering these products actively.

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EU AI Act to serve as blueprint for global rules: lawmaker Brando Benifei

While several countries have been looking at ways to regulate AI, European lawmakers have taken a lead by drafting AI rules aimed at setting a global standard for a technology key to almost every industry and business. The draft rules could get approved by next month.

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148 vs 133: India beats China in QS university rankings for Asia

India has surpassed China as the most represented higher education system in Asia, with 148 featured universities in the latest QS World University Rankings. IIT-Bombay and IIT-Delhi are among the top 50 universities, and there are five other Indian institutions in the top 100. India also achieves the second-best regional results in papers per faculty among the higher education systems. The increasing visibility of Indian universities in the rankings reflects the dynamic expansion of India's higher education landscape.

from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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Amazon begins layoffs in music streaming unit

Employees in Latin America, North America and Europe received notices that their jobs had been eliminated Wednesday, according to people familiar with the matter.

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EU to ask YouTube, TikTok for details on measures protecting minors

The new EU rules known as the Digital Services Act (DSA) requires Big Tech to do more to fight harmful and illegal online content, especially content that targets minors.

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Google's open culture collides with the Israel-Hamas war

In the month since Hamas launched an attack inside Israel, and Israel retaliated with a bombing campaign and invasion of the Gaza Strip, discussion of the topic at Google -- for Muslims and Jews -- has sunk into an morass of hostility and intolerance, employees say.

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Uber bets on holiday demand after dull third quarter

Uber is grappling with tough competition from Lyft, which has cut fares to gain customers as sticky inflation sparks worries about ride-share demand.

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US consumer watchdog proposes rules for Big Tech payments, digital wallets

The Consumer Financial Protection Bureau's proposal would subject companies like Alphabet, Apple and PayPal to bank-like supervision, with CFPB examiners inspecting their privacy protections, executives' conduct, and compliance with laws barring unfair and deceptive practices.

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Nykaa Q2 net profit jumps 50% to Rs 7.8 crore, operational revenue rises 22%

The omnichannel retailer’s beauty and personal care (BPC) unit continued to be the biggest contributor to its revenue from operations, bringing in more than 80% of the total.

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ChatGPT-maker OpenAI hosts first developer conference at DevDay

The San Francisco conference, held in a cavernous former Honda dealership comes a week after President Joe Biden signed an executive order that will set some of the first US guardrails on AI technology.

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Wipro mandates work from office thrice a week for its employees

Wipro, the country's fourth-largest IT firm, said it is implementing a "compulsory hybrid work policy requiring a minimum of three days in the office". The company said this is an "important adjustment to our return-to-office approach".

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For financial services companies, India’s best market for tech talent: Morgan Stanley executive

India is currently the second largest location in terms of tech headcount outside the US for the multinational financial services firms, Michael Pizzi, managing director and head of US banks & technology at Morgan Stanley, told ET.

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Meta now lets creators publish Instant Games directly on Facebook

The company also said that it will change the way games are distributed across our organic discovery experiences.

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Kerala NMMS exam 2023-2024: Registration deadline extended till November 8

To qualify for Kerala NMMS financial aid, applicants must successfully pass an exam. The registration deadline for the Kerala NMMS test has been extended to November 8. Interested class 8 students aiming to apply for the Kerala NMMS scholarship test for the 2023–24 academic year can complete their registration until 5 PM on November 8 via the official website, nmmse.kerala.gov.in.

from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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BPSC School Teacher Recruitment 2023 for Phase 2 begins at bpsc.bih.nic.in, apply for over 69,000 vacancies

The Biar Public Service Commission (BPSC) has initiated the online registration for Phase 2 of BPSC Teacher Recruitment 2023. The registration window has been postponed to November 5th, with the last date for registration being November 14th. There are a total of 69,692 vacancies for Middle School, Secondary School, and Higher Secondary School teachers. Interested candidates can apply on the official website at bpsc.bih.nic.in.

from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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Elon Musk teases AI chatbot 'Grok,' with real-time access to X

"Grok" comes from "Stranger in a Strange Land," a 1961 science fiction novel by Robert Heinlein, and means to understand something thoroughly and intuitively.

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Tech-ing Stock: India Mobile Congress 2023 showcases next-gen tech marvels

The India Mobile Congress 2023 saw large telcos and big companies, along with emerging startups, vie for attention with their innovations. ET took a walk across the floor, exploring all that the showcase had to offer and came away impressed at what the future has in store.

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Mamaearth parent Honasa’s IPO at a crossroads; and other top tech, startup stories this week

This week the much-awaited initial public offering (IPO) of omnichannel retailer Honasa Consumer Ltd, the parent of beauty and personal care brands such as Mamaearth and The Derma Co, was launched.

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Nazara eyes tax crisis-hit real money game companies

The RMG industry is facing a tax demand of more than Rs 1.5 lakh crore, after the government decided to levy a 28% GST on deposits made by users to play a game, instead of on the winnings.

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Explained | Sam Bankman-Fried's conviction: what's next?

US District Judge Lewis Kaplan has set Sam Bankman-Fried's sentencing for March 28, 2024. Bankman-Fried could face decades in prison. But what's next?

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Cross-border norms bring ePay companies directly under RBI watch

With regulatory clarity comes an opportunity to attract more venture money to tap into the burgeoning export-import market of a growing economy.

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British PM Rishi Sunak: new AI models to be tested before release

British Prime Minister Rishi Sunak on Thursday said that like-minded governments and artificial intelligence companies had reached agreement on testing new AI models before they were released.

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Local investors spot an opening in fintech infrastructure players

Early-stage startups such as credit card management platform 42 Card Solutions; banking service platform Falcon; and credit management platform Knight Fintech have held talks with investors to raise fresh equity capital, said two industry executives, requesting anonymity.

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Premji Invest saw three long-term partners leaving firm this year

Azim Premji's private investment arm Premji Invest, has seen the exit of three out of its four long-term partners this year, with the most recent being the resignation of Rajesh Ramaiah in August after a thirteen -year long stint with the Bengaluru-based investment firm.

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SAP India leans on AI tools, has mid-market and startups in focus

India has been SAP’s fastest-growing market for the last three years, and this pace is expected to continue, Bawa said, adding India is a ‘rocket ship.’

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Midcaps brave IT winter better than big firms

Despite a few companies like Happiest Minds and Mphasis missing estimates due to wage hikes and sustained pressure on the BFSI segment, analysts see the midcap segment continuing to end the fiscal on a strong note.

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Mamaearth parent Honasa Consumer sees IPO going in the right direction

Honasa Consumer’s Rs 1,700 crore IPO opened for public subscription on Tuesday. It is offering the shares at a price band of Rs 308-324 each.

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Flipkart founder Binny Bansal may put $25-30 million more in Ankit Nagori’s Curefoods

Bansal, who made a complete exit from Flipkart in August by selling his remaining shares in the ecommerce firm he cofounded with Sachin Bansal in 2007, has accelerated his personal investments, writing significantly large cheques in startups such as PhonePe and Curefoods.

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ONDC seller apps seek unique ID for network’s vendors

Seeing the same store being listed multiple times on the buyer app is not a great experience from a user perspective, they say.

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Google's Sundar Pichai says tech giant has improved the web for all consumers

Testifying on Monday in Google's landmark antitrust trial, Pichai directly contradicted the Justice Department's claims that his company's huge payments to companies such as Apple to be the default internet search option on their popular devices represent its unchecked monopoly power.

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Investors rope in Deloitte at Groyyo to shut down its B2B trading business

New York-based investment fund Tiger Global is also believed to be engaging with another Big 4 audit firm for a potential forensic audit of Groyyo. However, it is not clear if that's been finalised yet.

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BPSC 67th Final Result 2023 declared at bpsc.bih.nic.in; check result, cutoff here

The Bihar Public Service Commission (BPSC) has released the final result for the BPSC 67th Combined Competitive Examination (CCE) 2023. A total of 799 candidates have been selected out of 2090 who appeared for the interview round. Aman Anand secured the first position, and four out of the top five candidates are women. The selected candidates will be appointed to various departments based on their merit ranking. The Commission has also announced the category-wise cutoff marks for the examination.

from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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Elon Musk says Starlink to provide connectivity in Gaza for aid organisations

Musk said in a post on social media platform X that it was not clear who has authority for ground links in Gaza, but we do know that "no terminal has requested a connection in that area".

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Mingle offline: Is online dating getting outdated?

Is online dating getting outdated? Six popular dating apps, including Tinder, Aisle, Truly Madly and OkCupid, have seen a drop in monthly active users in India

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VinFast begins shopping for land to drive into the EV market in India

Vietnamese electric vehicle maker VinFast Auto is evaluating potential sites for its upcoming manufacturing facility and has already reviewed two locations in Tamil Nadu, people aware of the developments told ET.

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Elon Musk's X launches two new premium subscription plans

The Premium+ plan, priced at about $16 per month, includes all the tools and features offered by the platform, minus the ads, the company said in a post on the platform.

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Amidst a funding winter, large startups show healthier balance sheets; and other tech stories this week

While some startups have shown profits, even those who haven’t been able to get into the black yet reported strong revenue and Ebitda numbers.

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Churn on: Tata Digital loses another senior executive

Subramanian was formerly travel firm Cleartrip's head before joining Tata Digital in November 2021. He is considering setting up his own venture but it is not finalised yet.

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How Elon Musk changed the meaning of Twitter for users

It has been one year since Elon Musk bought Twitter. Since then, the meaning of the social media service has changed — sometimes drastically — for many of the people who use it.

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Google executive testifies innovation key to avoid becoming 'next road kill'

Google executive Prabhakar Raghavan testified at the ongoing antitrust trial in the suit brought by the US Justice Department and a coalition of state attorneys general, alleging Alphabet's Google unlawfully abused its dominance in the search-engine market to maintain monopoly power.

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Inside Google's plan to stop Apple from getting serious about search

Google quietly planned to put a lid on Apple's search ambitions. The company looked for ways to undercut Spotlight by producing its own version for iPhones and to persuade more iPhone users to use Google's Chrome web browser instead of Apple's Safari browser.

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Sam Bankman-Fried awaits chance to tell his side of story in epic cryptocurrency exchange collapse

After prosecutors rested Thursday, defense lawyers immediately asked Judge Lewis A. Kaplan to acquit Bankman-Fried on the grounds that prosecutors had failed to present sufficient evidence. The judge rejected the request.

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IBPS PO Prelims Scorecard 2023 released at ibps.in, direct link here

The Indian Institute of Banking Personnel Selection (IBPS) has released the scorecard for the IBPS PO Prelims 2023 exam. Candidates can check and download their scorecard from the official website until November 11. Selected candidates will proceed to the IBPS PO Mains 2023 exam, which will be held on November 5. The exam consists of 155 questions and candidates will have 3 hours to complete it. Regularly visiting the official IBPS website is advised for updates on the IBPS PO Mains 2023 exam.

from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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Debit cards losing out as UPI turns default mode on ecommerce

More and more consumers are using UPI or credit cards for online shopping, with debit card usage having more than halved in the last two years

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Making content more accessible for disabled: OTTs

The OTT service providers were responding to a letter sent by the ministry of information & broadcasting (MIB) last month. The ministry had written to two industry bodies that represent these companies after the Delhi High Court issued an order to make films and other content accessible to persons with disabilities.

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Amazon analysts expect same-day delivery to boost margins in Q3

Same-day delivery is now offered in at least 90 cities, free for Prime members while non-members pay $9.99. The retailer invested heavily in 2020 and 2021 in logistics to make same-day delivery, which it introduced in 2015, available in more places.

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EV company Exponent eyes $25 million at $100-120 million valuation

Exponent Energy had last raised $13 million in August 2022 in a Series A led by Lightspeed that valued the Bengaluru-based startup at around $45 million.

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US states say Meta's Instagram linked to depression, anxiety, insomnia in kids

In a complaint filed in the Oakland, California, federal court on Tuesday, 33 states including California and New York said Meta repeatedly misled the public about the dangers of its platforms, and knowingly induced young children and teenagers into addictive and compulsive social media use.

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Crypto lender BlockFi emerges from bankruptcy

The development closes one of many bankruptcies the crypto industry saw since last year, in what has been one of the most challenging periods for the sector.

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Top IT companies boost margins amidst market struggles

To be sure, Infosys, HCLTech and Wipro have slashed their revenue guidance for the upcoming quarter and full fiscal amid a freeze on tech spends and delay in decision making.

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How to get a migration certificate for studying abroad

Obtaining a migration certificate for studying abroad involves several steps. You must first contact your previous educational institution to initiate the process. Then, request the application form, either online or in person, and complete it with personal details and academic records. Ensure you attach the required documents, submit the application, and pay the fee. Processing time may vary, so it's advisable to start early. Once ready, collect the migration certificate either in person or through a designated representative.

from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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Indian IT companies likely staring at slowest growth since start

For the country’s fourth-largest IT services provider Wipro, growth numbers are down to their FY99 levels.

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Foxconn subsidiaries faces tax audit, land use probe: report

China's natural resources department conducted on-site investigations on the land use of enterprises of Foxconn in Henan, Hubei provinces and other places

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JEECUP 2023 round 7 seat allotment result released at jeecup.admissions.nic.in; Seat acceptance by Oct 23

The Uttar Pradesh Joint Entrance Examination Council has released the round 7 seat allotment results for the Uttar Pradesh Joint Entrance Examination (JEECUP) 2023. Candidates can check the results on the official website and freeze their allotted seats by paying a fee of Rs. 3250. Seat acceptance must be done by October 23, 2023, and document verification will take place at designated help centers. Choice filling for round 8 of counseling is set to start on October 24.

from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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Web Summit CEO resigns after comments on Israel-Hamas conflict

Web Summit Chief Executive and founder Paddy Cosgrave resigned on Saturday after comments he made on the Israel-Hamas conflict prompted some technology companies and investors to withdraw plans to attend its conference in Portugal next month.

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Gaganyaan test vehicle launch unsuccessful, anomaly observed, will be investigated: ISRO chief

The Gaganyaan project aims to demonstrate human spaceflight capability by launching a three-member crew to a low earth orbit of 400 km for three days, and bringing them back safely, with a planned splashdown in Indian Ocean waters.

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Bleak days ahead for IT firms as macro trends crimp spending; and other top, tech stories this week

Reluctance by clients to go for large spends on digital transformation over the past few quarters has taken a toll on big IT firms. Subdued macroeconomic trends have meant cutting down on discretionary spending and projects that do not immediately require investments.

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New playbook: Online gaming companies, brands target offline streaming in India

Gaming companies such as Krafton, Nodwin Gaming and Jio Games along with brands such as iQOO, Lenovo and Red Bull are investing large sums of money in offline streaming of popular esports leagues in physical arenas across India.

from Tech-Economic Times
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New-age brokers ride on futures option to the bank

But the question remains with Sebi becoming careful about the sudden spurt in retail participation in this risky trading segment, how long will the party last?

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Google working to address antitrust fears, fake news: Sanjay Gupta

Country manager and vice president of Google India Sanjay Gupta said there is no 'anti-Google' sentiment in the country and users of an array of Google products, be it Search, Maps, Payments or YouTube 'love' the company.

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Want new generation with a fresh approach to lead Wipro: CEO Thierry Delaporte

Speaking to ET Thierry Delaporte says Wipro is focusing on weeding out unprofitable clients, strengthening teams to win large deals and attracting fresh talent with a new approach to transform profoundly for a long-term impact.

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'Prevented scams of Rs 12,000 cr via UPI...': GPay VP Ambarish Kenghe on fraud Detection Mechanism

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Celesta Capital to play on front foot on startup investments

India is the most interesting place after Silicon Valley and it is an exciting time for India’s startup ecosystem, Kumar said.

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Showroom B2B raises $6.5 million in funding led by Jungle Ventures

The latest round of funding will help scale the company’s experience store model across Tier II and III markets in India, as per a statement. These stores facilitate access to garment samples and catalogues for fashion retailers and wholesalers.

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AWS previews customisation ability of coding assistant CodeWhisperer

Amazon CodeWhisperer is an artificial intelligence (AI) coding companion that generates real-time single-line or full-function code suggestions for developers.

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Big banks take to large language models trained on internal data

Retail-focused HDFC Bank, India’s only lender with a market capitalization in excess of $100 billion, will roll out a private LLM-powered website in the next two quarters, Ramesh Lakshminarayanan, chief information officer and group head of IT, HDFC Bank, told ET

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UGC revises grant amount for fellowship programmes

As per the revised rates, the existing per month fellowship amount for JRF and SRF have been increased from Rs 31,000 and Rs 35,000 to Rs 37,000 and Rs 42,000 respectively. A similar increment has been approved by UGC for junior and senior Savitribai Jyotirao Phule fellowship for single girl child as well. The Dr DS Kothari Post Doctoral Fellowship (DSKPDF) amount for the higher postdoctoral fellowship has been increased to Rs 67,000 per month for the entire tenure from the existing Rs 54,000.

from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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Qualcomm, Google partner to make RISC-V chip for wearable devices

RISC-V, pronounced as "risk five," is an open-source technology that competes with costly proprietary technology from British chip designer Arm Holdings.

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PM Modi, CEO Sundar Pichai discuss Google's plans of participating in country's manufacturing ecosystem

During the interaction on Monday, Pichai also informed PM Modi of Google’s plans to improve financial inclusion in India by leveraging the strength and reach of the unified payments interface (UPI) and the company’s UPI-based payment app GPay.

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Tether freezes $873,000 in crypto linked to 'terrorism and warfare' in Israel and Ukraine

Tether did not provide details of the owners of the addresses, when they were frozen, nor the nature of their activity. It also did not provide a breakdown of the split between Ukraine-related and Israel-related addresses.

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Ecommerce festive sales off to a bright start on deep discounts

Brands and ecommerce platform executives said they have seen a better-than-expected start to festive season sales at the end of the first week, with deep discounts, shaking off concerns around an impact from the ‘Shradh’ period, which lasted till October 15.

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Assam Police Registration 2023 begins for 5563 vacancies at slprbassam.in; eligibility criteria, direct link here

The online application process for Assam Police Recruitment 2023 has begun. The recruitment aims to fill 5563 vacancies for various posts including Sub Inspector, Constable, Assistant Deputy Controller, Nurse, and more. Candidates between the ages of 18 to 25 are eligible to apply. Educational qualifications vary depending on the post. Applicants must meet certain medical standards, including good vision and physical health. The application can be submitted for free through the official website.

from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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Global AI guidelines 'normative', unclear about implementation, say researchers

To determine if a global consensus existed regarding the use of artificial intelligence (AI), the researchers identified and analysed 200 documents related to AI ethics and governance published between 2014 and 2022 from 37 countries and six continents and written or translated into five different languages - English, Portuguese, French, German and Spanish.

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NEET PG Counselling 2023: Stray round seat allotment result today at mcc.nic.in, check details here

The Medical Counselling Committee (MCC) will announce the seat allotment result for NEET UG Stray Vacancy Round Counselling 2023 today. Candidates can check their allotment status on the official website. The registrations for the Online Stray Vacancy Round were open from October 09 to 11. The seat allotment result for NEET PG Stray Round Counselling will also be published today. Shortlisted candidates need to complete the admission formalities between October 15 and 20. Discrepancies in the result should be reported to the MCC for resolution.

from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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How UPI tips the scale against hotel staff

Guests widely shifting to online payments is threatening tip culture, hurting employees’ income

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HCLTech expects Q3, Q4 growth to lead industry numbers: CEO C Vijayakumar

Vijayakumar told ET that the lack of discretionary spending across clients through the past two quarters and limited resumption visibility on customer expenditures have been the key factors for slashing organic revenue growth guidance.

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EU warns Google over YouTube disinformation in wake of Hamas attack

In the latest in a series of messages to tech CEOs that has already seen him sparring with Elon Musk on X, formerly Twitter, the EU industry commissioner wrote to Alphabet CEO Sundar Pichai.

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AI, gig economy pose challenges for competition law: MCA Secretary Manoj Govil

​​While delivering the valedictory address at the BRICS International Competition Conference in the national capital, Ministry of Corporate Affairs Secretary Manoj Govil also highlighted that various countries, including India, are looking at ex-ante regulations to deal with possible anti-competitive practices in the digital markets.

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Lens on payment firms seeking aggregator tag

In the payments business, access to sensitive data needs to be monitored and many payment companies do not have such access controls, or do not maintain proper audit checks. The regulator wants fintechs to be serious about these aspects of business before they are issued a licence.

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US judge questions Montana state TikTok ban

US District Judge Donald Molloy, considering a court challenge from TikTok and users, on Thursday questioned the state attorney general's office at a hearing of the state's ban approved by the legislature.

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Google to defend generative AI users from copyright claims

Major technology companies like Google have been investing heavily in generative AI and racing to incorporate it into their products. Prominent writers, illustrators and other copyright owners have said in several lawsuits that both the use of their work to train the AI systems and the content the systems create violate their rights.

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47% of Indians to surpass Rs 10,000 in festive spending this year: ShareChat & Moj festive report

This year, the platforms said home improvement has made a strong entry into the top three product categories that Indians are likely to spend on while clothing and mobile phones continue to dominate the purchase categories.

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GMAC NMAT 2023: Registrations end today at nmat.nmims.edu; here's how to apply

The Graduate Management Council (GMAC) is closing the registration process for the NMAT 2023 exam. This exam is for candidates interested in pursuing an MBA course from the Narsee Monjee Institute of Management Studies. Eligibility criteria for various programs are listed, and candidates can apply through the official website. The article also provides steps for applying and a list of required documents. The number of available seats for admission in different campuses is also mentioned.

from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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Business payments firm PayMate’s revenue rises 12%

Ajay Adiseshan, founder of the company, said he is aiming to hit net profit in the current fiscal, as the company prepares to file its prospectus for a public offering in the next calendar year.

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TCS Q2 net profit up 9%, announces Rs 17,000 crore share buyback

Revenue rises 8% but remains flat QoQ; CEO Krithivasan underlines demand slump

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Manipal group's Ranjan Pai likely to invest $250-300 million in Byju's subsidiary Aakash Institute

The initial $170 million tranche will pay off Davidson Kempner debt; the Manipal chairman may rope in more PEs.

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IT hardware firms trip on ‘country of origin’ norms, ping government for clarity

IT hardware manufacturers such as HP, Dell, Apple, Samsung, Lenovo, Asus, and Acer have sought to know how to calculate the cost, insurance, and freight value of some of these products which are imported to India as completely built-up (CBU) units.

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Fintech startup Jiraaf raises $8.7 million in funding led by Accel, Harmony Partners

“We will be using this money to mainly build our team, improve customer service across categories of business and also for originating more customers,” said cofounder Saurav Ghosh.

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Internet companies Google, Amazon and Cloudflare report biggest-ever denial of service operation

Denial of service is among the web's most basic form of attack and it works by simply overwhelming targeted servers with a firehose of bogus requests for data, making it impossible for legitimate web traffic to get through.

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Rule curbing AI chip exports to China under final review

The regulation on controls on high-end chips, advanced computing integrated circuits (ICs), and supercomputing was received for review on Oct. 10, according to the Office of Management and Budget website.

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Karnataka’s new procurement policy aims to give slice of government business to startups

The government has not decided on the share of procurement that should go to startups, but it’s speculated that the figure may be set at 5%.

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Jungle Ventures launches programme to invest $2 million or above in seed capital

Jungle Ventures invests in early- to growth-stage companies in Southeast Asia and India. Its portfolio includes Moglix, Livspace, Builder.ai and Atomberg among Indian startups.

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NIOS to offer Jain monks & nuns free education till Class 12

The National Institute of Open Schooling (NIOS) has announced that it will provide free education up to Class 12 to Jain monks and nuns who migrate for religious work. NIOS plans to open new study centers in several states, including Delhi-NCR, Gujarat, Rajasthan, West Bengal, and Uttar Pradesh. The Jain Shwetambar Terapanthi Mahasabha (JSTM) has signed an MoU with NIOS to provide financial backing for the centers, which will offer courses and exams free of cost.

from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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Delhi Police MTS Recruitment 2023: Notification for 888 Civilian Positions shortly at ssc.nic.in

The Staff Selection Commission (SSC) is releasing a notification for Delhi Police MTS Recruitment 2023, commencing on October 10. Applications are accepted until October 31. The recruitment exam, scheduled for February 2024, offers positions in various roles like Cook and Gardener. Applicants must be 10th grade pass and aged 18-27. The selection process includes a written exam, trade test, medical examination, and document verification. The exam consists of three parts with no negative marking. There are 888 vacancies with specific category distributions and varying application fees.

from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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JKPSC CCE Prelims Admit Card 2023 released on jkpsc.nic.in, direct link to download

The Jammu and Kashmir Public Service Commission (JKPSC) has released the admit card for the JKPSC CCE Prelims Exam 2023. The exam is scheduled to be held on October 15, 2023. Candidates can download their admit card from the official website and must carry it to the exam center. The exam consists of three stages - Preliminary Examination, Main Examination, and Interview.

from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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Kerala University UG, PG semester exam results announced at keralauniversity.ac.in; Direct link

Kerala University has released the results for UG and PG semester exams held between September and November 2022, available on their website. Students can access their scores through the student portal using their roll number and password. It's crucial to have paid fees and submitted eligibility certificates to receive results. The pass mark for PG exams is 50%, with distinctions awarded to those scoring 75% or more. Revaluation and supplementary exams are also scheduled. Established in 1937, the university offers various courses and ranks 110 in the QS Asian University Rankings 2023.

from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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Online bargains recede as festive sales outperform; Dunzo reviews expenses to conserve cash

Ecommerce discounts and promotional offers came down on the third day of the biggest annual online festive sales, as brands and online sellers over achieved their targets in sales by value compared to the year-ago period. This and more in today’s ETtech Morning Dispatch.

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Plan to bring HEIs offering online courses under NIRF

The Centre is planning to rank higher education institutions offering online and education in distance mode as well as for those offering languages in NIRF rankings. The NBA is also reviewing the parameters to further strengthen the India rankings. At present universities, engineering, medical, law, management are some of the areas of study for which the HEIs are ranked annually under NIRF the list of which is released ahead of the admission season by the ministry of education (MoE).

from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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Ecommerce discounts shrink on day three on 30% surge in festive sales

Flipkart and Amazon started their first festive sales – christened Big Billion Days and Great Indian Festival respectively – on October 8 with early access for member customers on October 7.

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Razorpay leans on existing customers on signup freeze

On Monday, Razorpay launched its latest solution, Optimizer, which will allow businesses with large transaction volumes to avoid failures by rerouting them in real time.

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India market to turn largest for Zoho in 10 years: founder Sridhar Vembu

Vembu, who operates out of his native town Tenkasi, said the prediction is driven by India's demographic advantage as it witnessed more than 20 million child births last year, which is higher than the US, China, Japan and South Korea combined.

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ET Startup Awards | Funding winter only in the mind, there is enough cash available for good ventures: Piyush Goyal

The minister urged industry to promote India-made goods and inform customers of the country of origin as they should be given a choice to be part of ‘Aatmanirbhar Bharat’.

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Samanvaya 2023: IIM Kashipur holds annual HR conclave

The annual HR Conclave 'Samanvaya 2023' was hosted by the Indian Institute of Management (IIM) Kashipur on Saturday. The event centered around the theme 'Human Renaissance: Harnessing the Potential of Automation' and showcased distinguished industry experts and thought leaders.

from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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OPSC OCS Admit Card 2023 released at opsc.gov.in, download OCS Prelims hall ticket here

The Odisha Public Service Commission (OPSC) has released the admit card for the OPSC OCS Prelims 2023 exam. The exam will be held on October 15 in two shifts across five zones in Odisha. Candidates can download the admit card from the official website by logging in with their PPSAN number and date of birth. The exam pattern includes two papers with a total of 180 questions. Important instructions include bringing a pen, admission certificate with a photograph, and not using any electronic devices during the exam. Toilet breaks are restricted during the last 30 minutes of each sitting.

from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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Intel prepares for Windows 'refresh' amid likely Windows 12 launch

The company last month previewed the next generation of Intel Xeon processors, revealing that 5th Gen Intel Xeon processors will bring a combination of performance improvements and faster memory, while using the same amount of power, to the world's data centres when they launch on December 14.

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UKPSC Group C Recruitment 2023 begins for over 600 posts, apply now at ukpsc.net.in

The Uttarakhand Public Service Commission has opened online registration for UKPSC Group C Recruitment 2023. The application process will be open from October 07 to 27, 2023. There are a total of 645 Group C posts available in various departments. The age limit for applicants is 21 to 43 years, with upper-age relaxation for reserved categories. The exam will be objective in nature, with a penalty for incorrect responses and multiple answers.

from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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Elon Musk's X now showing 'clickbait' ads that users can't block or report

According to a report from digital news platform Mashable, these new X ads don't allow users to like or retweet the ad posts and the new ad format also doesn't disclose who is behind the ad.

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Google shipped almost 40 million Pixel phones since 2016, 10 million in last 12 months

The all-new Pixel 8 and Pixel 8 Pro smartphones with next-gen AI capabilities, and Pixel Watch 2 are now available in India.

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SSC CPO Answer Key 2023 (Out): Check SI CAPF, Delhi Police answer keys at ssc.nic.in, direct link here

The Staff Selection Commission has released the tentative answer key for the Sub-Inspector in Delhi Police and Central Armed Police Forces Examination, 2023. Candidates can check the answer key on the official website and raise objections if any. The shortlisted candidates will proceed to the Physical Standard Test (PST)/ Physical Efficiency Test (PET). The exam included two papers, Paper I and Paper II, with negative marking for wrong answers. Marks scored by candidates were normalized.

from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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ET Startup Awards 2023 | Strong vote of confidence a boost for startups Inc

Optimism takes centre stage as entrepreneurs, investors and policymakers gather to celebrate the best of new economy

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Amazon launches first test satellites for Kuiper internet network

Amazon successfully launched its first pair of prototype satellites for its Kuiper internet network from Florida. The launch is the first step in Amazon's plan to deploy thousands more satellites to provide global internet service and compete with SpaceX's Starlink.

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ABVP protests alleged irregularities in PSC exam selection in Chhattisgarh

Members of the ABVP in Chhattisgarh staged a protest against alleged irregularities in the selection of candidates through the state's Public Service Commission examination in 2021. They demanded an inquiry into the selection process and criticized the government for its failure to address crimes against women. The ABVP also highlighted corruption in the state, claiming that ministers ensure their associates are appointed to job vacancies.

from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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Winners of The ET Startup Awards 2023 to be feted today, and other top tech, startup stories this week

The Economic Times Startup Awards, honoring Indian entrepreneurs, will take place in Bengaluru. The winners across eight categories were announced, including OfBusiness as Startup of the Year and Jishnu Bhattacharjee of Nexus Venture Partners as Midas Touch winner. The event will also feature a panel discussion on sustainable businesses.

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All roads lead to The Economic Times Startup Awards 2023 in Bengaluru today

Union minister for commerce and industry Piyush Goyal and minister of state for electronics and IT Rajeev Chandrasekhar will be the guests of honour at the high-octane event.

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Amazon launches test satellites for its planned internet service to compete with SpaceX

An Atlas 5 rocket from the Boeing-Lockheed joint venture United Launch Alliance lifted off from Florida shortly after 2 p.m. Eastern time (1800 GMT), carrying the two Kuiper test satellites.

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SEC tries to force Elon Musk to testify in Twitter takeover probe

Elon Musk, the world's richest man, is being sued by the U.S. Securities and Exchange Commission (SEC) over his $44 billion takeover of Twitter. The SEC is investigating whether Musk violated federal securities laws in 2022 when he purchased stock in Twitter and made statements related to the deal.

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