Beyond Appliances raises $2 million in round led by Fireside Ventures

Dharana Capital and angel investors Livspace cofounders Saurabh Jain and Ramakant Sharma, Design Cafe founder Shezan Bhojani and former chief executive of TTK Prestige Chandru Kalro also participated in the funding round for the kitchen appliances startup. The funds will be used for R&D and to increase manufacturing capabilities.

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CAT 2024: IIM Lucknow announces admission criteria for MBA 2025 intake, check category-wise sectional-cut offs and more

IIM Lucknow has announced its admission criteria for the 2025 MBA programs, relying on CAT 2024 scores, an Application Rating Score, and a Personal Interview. The MBA-ABM program focuses on disciplines related to agriculture and rural development. Final selections consider academic performance, diversity, work experience, and communication skills, with specific weightage assigned to each parameter.

from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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Startup BonV Aero drives drone innovation with support from STPI

BonV Aero, a deeptech startup, develops logistics drones for the defense sector. After supplying 20 drones to the Indian Army and achieving 300% growth in FY24, it raised $1.6 million on the US television show Meet the Drapers. It launched Air Orca, an autonomous logistics drone platform, with investor Tim Draper. Incubated under STPI’s Leap Ahead program, the startup benefited from mentoring and funding initiatives that support tech innovation in India’s tier-2 and tier-3 cities, fostering grassroots entrepreneurship.

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When AI's output is a threat to AI itself

All this AI-generated information can make it harder for us to know what's real. And it also poses a problem for AI companies as they develop more and more powerful models, which involve digesting volumes of data so vast that they are approaching the size of the internet itself.

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Top startup and tech stories this week

Welcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look.

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Meme lord Elon Musk, pro crypto Trump fuel fresh mania

Goatseus (GOAT) is the world’s first AI meme coin which was created by a self-controlled AI agent called Terminal of Truths which autonomously promotes the coin by posting on community platforms. GOAT has seen a 68% increase over the past month and touched an all-time high five days ago, placing it among the fastest currencies to cross $1 billion market cap within a month of launch.

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Why Some U.S. Colleges Are Going Test-Blind: What It Means for Applicants

Many top U.S. colleges, including the University of California system, have adopted test-blind admissions, no longer considering SAT or ACT scores. These institutions focus on holistic factors like GPA, coursework, essays, and extracurriculars to assess applicants. This shift promotes fairness, allowing students to highlight their true potential without the pressure of standardized test scores.

from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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Demand for prompt engineers stalling as companies seek broader skill sets

The industry is seeing a plateauing in the demand for prompting engineers. But compared to the last three quarters, there is a slight rise in the active demand. More and more employers are looking for candidates with skill sets across the AI spectrum including broader understanding of foundational models and large language models, AI ethics, responsible AI, security and governance, data and cloud AI services.

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Mutual help: AssetPlus and ZFunds receive venture capital support

According to two people in the know, ZFunds is in talks with Elevation Capital to lead a Rs 25 crore equity funding round, which will be its first institutional funding round. AssetPlus, which had previously raised equity funding from Rainmatter and InCred, has secured Rs 50 crore in another institutional funding round led by Eight Roads Ventures, a global investment firm backed by Fidelity.

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Quick commerce taps identity verification companies to curb frauds amid ramp-up

Gig economy workers have always been required to submit identity documents before joining a platform, but companies such as Swiggy, Zepto, Blinkit, and Zomato are now increasingly collaborating with ID verification firms that utilise advanced technology to authenticate these documents and assess applicants’ behavioural patterns during their assignments.

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Information technology gets its mojo back with big September wins and October momentum

In the month of September alone, the main IT players signed a total of 26 deals which also includes deals by domestic tech firms such as Infosys, Cognizant and Accenture.

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MeitY readying voluntary ethics code for AI firms

Some of the larger principles that the IT ministry may release as a part of the voluntary code involve measures that companies can take during the training, deployment, and commercial sale as well as identifying and rectifying any instances of potential misuse of the LLM and AI platforms developed by the company, the second official said.

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It’s success .ai as domain trade rakes in big bucks

Registrars such as GoDaddy allow investors to buy, sell or auction domains that have a high probability of being acquired for a substantial value.“Starting in late 2022, GoDaddy saw a notable increase in the number of .ai domain name registrations as a company--a trend that spiked in May 2023 and continues to drive strong interest,” the company told ET.

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AIIMS INI CET January 2025 Result declared: Check direct link here

The All India Institute of Medical Sciences (AIIMS), Delhi, has declared the INI CET 2024 results for the January 2025 session. Candidates who took the exam can check and download their results from the official website, aiimsexams.ac.in. Candidates can check important details and the direct link here.

from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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Building India's 'iPhone city': Lessons from Zhengzhou's transformation

Zhengzhou evolved from a modest industrial center into a powerhouse after Foxconn's 2010 entry, aided by massive social infrastructure supporting over 200,000 employees. India's ambitions to replicate this model hinge on robust social infrastructure, such as housing, healthcare, and education. States like Tamil Nadu are pioneering industrial housing, but experts stress a need for better facilities, policies, and talent-friendly ecosystems to attract global investment and drive sustainable growth.

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India well-positioned to preserve heritage in LLMs: Amazon CTO

Werner Vogels believes that the nation’s blend of technology, culture and government collaboration puts it in a strong position to lead the development of culturally aware AI.

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COP29: UAE announces developing world's first ChatGPT tool for agricultural community

The announcement came today at the UAE Pavilion at COP29 which hosted an exciting array of events focused on the transformative role of technology, collaboration, and data in accelerating decarbonisation and driving the energy transition around the world, particularly through agricultural innovation and hydrogen development

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Netflix down for thousands of users in United States

Netflix was down for thousands of users in the US as it streamed a highly anticipated live boxing match between Mike Tyson and Jake Paul, according to outage tracking website Downdetector.com.

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What is Bluesky, the fast-growing social platform welcoming fleeing X users?

​While it remains small compared to established online spaces such as X, it has emerged as an alternative for those looking for a different mood, lighter and friendlier and less influenced by Musk.

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Top startup and tech stories this week

Welcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look.

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Boat sets sail for $300-500 million IPO with bankers on board

This comes as Boat’s revenue fell 5% in FY24 to Rs 3,285 crore, while it halved losses to Rs 70.8 crore. Sources said there’s a consolidation underway in the sector and that the recent Diwali season lifted sales after several muted quarters. Boat recorded positive earnings before interest, taxes, depreciation, and amortisation (ebitda) in FY24.

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U.S. College application deadlines explained: All you need to know about Early Action, Early Decision, and more

The U.S. college admissions process requires strategic planning, with application deadlines playing a crucial role. Students can choose from Early Decision, Early Action, Regular Decision, and Rolling Admissions, each offering different timelines and commitments. Understanding these deadlines helps applicants align their ambitions and options, increasing their chances of acceptance and aiding in selecting the right path to their desired institution.

from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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Pavestone marks final close of tech fund at Rs 816 crore

The firm which initially targeted raising Rs 600 crore revised it to Rs 900 crore after raising the corpus twice through the green shoe option. Pavestone plans to invest in several early growth-stage business-to-business technology companies with an average cheque size of $5-10 million.

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Swiggy delivers best major listing in 10 years

“We are very excited for the next phase of our journey as a company,” said Sriharsha Majety, cofounder and CEO, Swiggy, in a press conference following the listing ceremony at NSE. “As for the profitability, even in the build-up to the IPO, we have talked about how the food delivery business has already gotten profitable and we expect that to continue at a steady clip.”

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Apple overtakes Samsung in Q3, clocks record shipments

The iPhone 15 and iPhone 13 models were the most popular, according to IDC. Record shipments led to Apple cornering majority share in the smartphone market in value terms, widening the gap with Samsung. Apple's revenue share in the market stood at 27.2% while Samsung's share stood at 15.2%.

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Razorpay’s funding venture to invest in early-stage B2B companies

Razorpay Venture Investment Programme, as it is named, will scout for opportunities in sectors like fintech, travel, healthcare, hospitality, retail and ecommerce. But the company intends to invest only in business-to-business (B2B) startups. The Reserve Bank of India-licensed payment aggregator believes that India will see 10-15 B2B unicorns getting created over the next five years.

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Agile mid-sized IT uses AI, pricing to bag bigger deals

Companies like Persistent Systems, Sonata Software, and LTTS are leveraging AI to attract more vendor consolidation deals, aided by their agility and competitive pricing. These firms now often land larger contracts that were previously reserved for top firms, with an increasing focus on custom solutions. The trend reflects stronger demand and AI-driven innovation, enabling these companies to capture a greater market share in outsourcing.

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To AI or not to AI, that’s the question for academic book publishers here

The Indian Reprographic Rights Organization (IRRO) which represents 113 global and Indian publishing houses like Pearson, Oxford, S. Chand etc. said, it is cautious of these factors as AI companies are approaching the body for content outsourcing rights.

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ID verification company Equal bags $10 million in first institutional raise

Equal is building a platform which helps businesses streamline their know your customer (KYC) processes and prevent fraud, thereby assisting in regulatory compliance through integration with about 50 identity databases.

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‘India has become an AI hub for startups’

Morgan Stanley, a major US investment bank, is exploring AI-based collaborations with Indian startups. With over 8,000 tech professionals in India, it leverages this talent for global operations. Its AI tools, “Assistant” and “Debrief,” developed with OpenAI, streamline advisor tasks by reducing administrative calls and aiding meeting summaries. Despite the wide impact of AI, Morgan Stanley continues expanding its workforce in India.

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Elon Musk is positioning X behind the new Trump presidency

Musk, who owns X, posted on the platform about politics more than 400 times between Tuesday and Friday, celebrating Trump's victory and talking about the causes that the president-elect should take up in office.

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Google Photos launches new updates page to track activity in shared albums

Google Photos is rolling out a new feature aimed at enhancing how users track and engage with changes in their shared albums.

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Apple Inc sets up first subsidiary in India for R&D

Apple established a new subsidiary in India, Apple Operations India, marking its first direct presence in the country. This subsidiary will focus on research, design, testing, and providing support to third-party manufacturers. This move signifies Apple's commitment to expanding its operational footprint in India beyond assembly and sales.

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Top startup and tech stories this week

Welcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look.

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Need child tracking data for their safety: Meta’s Antigone Davis

“We also use the tracking of behaviour to determine how to resource our systems. The way I can describe it is how they use the behaviour of electricity users at the grid level to determine where to surge power and where to pull it back so everybody has their light on,” Davis said in a interaction with ET.

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Haldiram Bhujiawala secures Rs 235 crore from Pantomath's Bharat Value Fund; sells minority stake

The funds will be used to expand Haldiram’s manufacturing capabilities and enter new markets. BVF, which recently launched its third fund with a corpus of Rs 2,500 crore, invests in profitable, growth-stage companies. Haldiram Bhujiawala is its sixth investment.

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Boldfit gets Rs 110 cr investment from Bessemer Venture Partners

The startup backed by cricketer KL Rahul will use the funds to enhance product innovation and expand its brand presence. The brand sells its products on ecommerce marketplaces, quick-commerce platforms and through its own D2C channel. It plans to open offline stores within the next 12 to 18 months.

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Tessolve to buy German chip designer for Rs 400 crore

This acquisition aims to position Tessolve as a leading design firm capable of delivering advanced turnkey solutions, particularly in System on Chip (SoC) designs for AI, automotive, and data center markets. The move will also strengthen Tessolve’s European presence with new facilities in Germany and the Netherlands.

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Alarm bells at wearables companies as slump extends to this fiscal

India’s wearables market has been on a downturn for over a year, affecting major brands like Boat and Boult. Boat reported a 5% revenue drop in FY24 but halved its losses, while Boult’s profits shrank despite a 40% revenue increase due to expansion efforts. Smartwatch demand remains low, with a 10% decline in Q2 shipments. Meanwhile, the true wireless audio segment grows, driven by budget-friendly features and quick-commerce expansion.

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GCCs ping class of 2025 to build their tech talent pipeline

GCCs gained popularity in campus placements in the last season — for the Class of 2024 — when they stepped in to partially fill the gap left by a sharp drop in IT/ITeS hiring. These companies say they are now seeing many more campuses reach out to them. The main draws: attractive salaries, benefits and career growth.

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India now a focus market for Reddit, says CEO Steve Huffman

Reddit registered an India subsidiary in August this year and started leveraging the influencer connect to gather users – it hosted AMA (ask me anything) sessions with Shark Tank’s Namita Thapar and actors Pankaj Tripathi and Manoj Bajpayee.

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WBPSC Clerkship admit card 2024 released at wbpsc.ucanapply.com, direct link to download here

WBPSC has released the admit cards for the 2024 Clerkship Examination starting November 2. Candidates need their application number or name and birth date to download them from official websites. The exam, with over 700,000 participants, is scheduled for November 16 and 17 in four shifts.

from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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You are under digital arrest! How fake cop scams draining victims’ bank accounts

Victims of online scams are finding themselves in the grip of fake cops, leading to empty bank accounts. As the battle against cybercrime intensifies, experts tell that individuals and agencies must step up efforts to combat these threats.

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Tech giants are set to spend $200 billion this year chasing AI

Wall Street recently criticised major tech firms for their AI spending, but Amazon, Microsoft, Meta, and Alphabet plan to invest even more, exceeding $200 billion this year. These companies are securing chips and building data centers to support AI, aiming for future profitability despite current high expenses.

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Coursera sees spike in GenAI course demand, India leads enrolments

Raghav Gupta, Coursera's Managing Director for India and Asia Pacific, highlighted that while overall online learning growth has slowed compared to the pandemic boom, genAI courses have surged, with enrollments reaching 950,000—a 1600% year-over-year increase.

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Walt Disney forms business unit to coordinate use of AI, augmented reality

The newly formed Office of Technology Enablement will be led by Jamie Voris, who spearheaded development of Disney's app for the Apple Vision Pro mixed reality device, according to an email seen on Friday by Reuters.

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Judge declines to block Elon Musk $1 million voter giveaway as billionaire seeks to move case

A Pennsylvania state judge delays a lawsuit to stop Elon Musk's $1 million voter giveaway, which supports Donald Trump. District Attorney Larry Krasner seeks to halt the giveaway, alleging it is an illegal lottery scheme. Musk faces criticism for potentially influencing the upcoming election.

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Silver lining amid funding winter: IT firms acquiring Indian startups, smaller firms

Most of them are making acquisitions to strengthen their capabilities so that they do not miss out when technology spending, especially in discretionary spends, returns, say analysts.

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Cognizant Q3 profit up 2.8% sequentially; full year guidance revised up

The Nasdaq-listed technology major saw its third quarter revenue growing by 4% sequentially at $5 billion. On a year-on-year (YoY) basis, the revenue was up 3%.

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Payments firms slash cashbacks, incentives on funding drought

Consumer payment companies like PhonePe, Paytm, Amazon Pay, and Cred have significantly reduced their marketing expenditures and customer incentives, reflecting a maturing digital payments market in India. This trend indicates a shift from aggressive customer acquisition strategies to a more sustainable approach focused on profitability.

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Country Delight raises Rs 200 crore in debt from Alteria Capital

Earlier this year, it raised around Rs 164 crore in equity funding from Singapore’s sovereign fund Temasek, giving it a valuation of $804 million as of July 31. The direct-to-consumer fresh foods brand will use the fresh funds to drive its expansion, brand marketing efforts and capacity addition.

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New rules on data protection likely to be notified soon

During a meeting earlier this month with various industry stakeholders, the Ministry of Electronics and Information Technology (MeitY) made efforts to iron out concerns about potential business disruptions once the rules are issued, a senior official told ET.

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Catwalk goes canine in this festival season pet gala

The evolving pet parenting culture in India is driving a surge in the pet fashion market. This festive season, sales of pet fashion items like sherwanis, kurtas, lehengas, and accessories have doubled. Brands are competing for a share of this growing market, which is expected to reach Rs 500 crore in the next five years.

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Edu-wealth startup Zinc raises $25.5 million from Nexus Venture Partners, others

The Singapore-headquartered company founded by the former PayU Credit chief Prashanth Ranganathan plans to use the funds for product innovation, expand its offerings and obtain financial licences to help families save and invest for their children's global education.

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Tatas to enter red-hot quick commerce space with ‘Neu Flash’

Joining Flipkart and Reliance Industries, salt-to-software conglomerate Tata Group is set to enter the ever-growing quick commerce sector as customer demand rages in metros. People in the know said Tata’s ecommerce venture Neu will enter the fast delivery segment branded as Neu Flash. It will be rolled out to select users offering grocery, electronics and fashion.

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AI companies need to be worried about cyber threats, model pollution

Artificial intelligence companies, including OpenAI, Microsoft, and Meta, are increasingly concerned about protecting their large language models (LLMs) from cyber threats. The focus is on protection, recovery, data portability, and data intelligence and working with other security companies to provide comprehensive solutions.

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TSMC suspended shipments to China firm after chip found on Huawei processor, sources say

This move comes amid ongoing U.S. restrictions on Huawei, which is prohibited from accessing U.S. technology. TSMC, as a major supplier to Huawei, is under scrutiny to ensure compliance with these restrictions.

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Indian IT must hitch an AI ride to front office: Nvidia's Jensen Huang

Jensen Huang, CEO of Nvidia, urged the Indian IT industry to leverage its strengths in AI to transform into a leading global innovation hub. He advocated for regulatory measures for AI and highlighted its potential to boost productivity, particularly in agriculture, without replacing human jobs.

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Top startup and tech stories this week

Welcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look.

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Apple's Q3 China smartphone sales slip, Huawei's soar

Apple's iPhone sales in China fell slightly by 0.3% in Q3 2024, while Huawei surged by 42%, capturing a 15.3% market share. Apple's market share dropped to 15.6%, as Vivo led with 18.6%. Huawei's Mate 60 series and Pura 70 model intensified competition. Overall, China’s smartphone sales rose 3.2%.

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Apple supplier Jabil eyes expansion; Ixigo, Go Digit financials

Apple supplier Jabil plans to expand operations in India, one of the world's fastest-growing markets for iPhones. This and more in today’s ETtech Morning Dispatch.

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Healthify raises $20 million in round led by Khosla Ventures, LeapFrog Investments

Claypond Capital, Manipal Group chairman Ranjan Pai’s family office, also participated in funding for the health and wellness startup, formerly known as Healthifyme. To date, the company has raised $125 million in primary equity.

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NPCI curbs on unauthorised use of UPI IDs by fintech companies

NPCI has shot off a letter to banks and fintechs asking them to refrain from using the UPI system for any form of service other than payment settlements and account validation. Fintech startups use the UPI ID to find out the name of the customer, the status of the bank account, alternate UPI IDs, and also verify the mobile number of the customer.

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AI adoption hinges on cultural shift, says Google Cloud exec

Caroline Yap, managing director, global AI business, Google Cloud, said the company has been working with C-level leaders to understand their business value journeys and help map out how to apply the technology.

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Even Healthcare raises $30 million in funding led by Khosla Ventures

The round saw participation from other US-based investors such as Founders Fund, 8VC and Lachy Groom. The company plans to use the funds to launch hospitals in Bengaluru and scale up patient care to become a fully integrated healthcare provider.

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Avaana logs final close of $135-million climate fund

This fund aims to invest in 20-25 early-stage companies working on solutions for energy transition, supply chain, resources, industrial decarbonization, and food systems.

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Paytm receives approval from NPCI to onboard new UPI users

Paytm parent firm One 97 Communications said on October 22 that the National Payments Corporation of India (NPCI) has given approval to the company to onboard new UPI users.

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India turning a C-suite magnet with quality talent: Snowflake CEO

Sridhar Ramaswamy, CEO of cloud data analytics company, Snowflake, says India is rapidly emerging as the hub of top business decision makers.

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AI startup Neysa raises $30 million in funding round led by NTTVC, others

The company's founder Sharad Sanghi, said the funds will be used for scaling up infrastructure and fuel research and development to democratise access to scalable AI solutions. The startup expects a growth of 200-300% next year, aiming to almost treble its revenue.

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Logistics firm Shadowfax eyes $50 million, doubling value to $700 million

Shadowfax is finalising a Rs 350-400 crore funding round, likely to value the company at Rs 5,500-6,000 crore, with this round being its last private funding before an initial public offering (IPO), according to sources. In February, Shadowfax secured $100 million in funding, comprising primary and secondary investments led by TPG NewQuest, valuing the company at $350 million.

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Dairy tech firm Stellapps raises $26 million in a mix of equity and debt

Stellapps, a dairy technology solutions startup, will use the funds for expanding Stellapps' mooMark business, which focuses on contract manufacturing and private-label dairy operations. Founded in 2011, the Bengaluru-based firm is a farm-to-consumer dairy digitisation service provider.

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Bits & Bytes: Meta’s oversight board seeks public comments on hate speech moderation

Meta is seeking public input on its handling of immigration-related content that might harm immigrants while Apple CEO Tim Cook expressed concerns to Donald Trump about EU-imposed financial penalties on the company. Additionally, the US has relaxed export restrictions for certain satellite and spacecraft-related items to allies. Finally, Britain's media regulator will outline specific actions social media companies must take to address illegal content.

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Boom time for spiritual apps: Diwali set for surge in user activity

Online devotional platforms see business booming this month amid burgeoning demand for new offerings launched during Navratri.

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Meta releases AI model that can check other AI models' work

The release follows Meta's introduction of the tool in an August paper, which detailed how it relies upon the same "chain of thought" technique used by OpenAI's recently released o1 models to get it to make reliable judgments about models' responses.

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Top startup and tech stories this week

Welcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look.

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Quick commerce’s burning brighter as players add more fuel

Zomato's decision to raise additional funds via QIP, despite holding $1.5 billion in cash, has sparked intrigue in the quick commerce sector, with some viewing it as a strategic move to overshadow Swiggy's impending IPO. The slug of capital that will be needed to sustain growth in the high-burn quick commerce sector is resembling the trajectory of ecommerce a decade ago.

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P2P startups look to overhaul biz, processes amidst RBI crackdown

Peer-to-peer lending startups are still coming to terms with the latest observations on the sector released by the RBI on August 16. At the same time, they are also dealing with regulatory action against violations. Many P2P platforms are working on restricting withdrawals and also overhauling their entire product journey to abide by stringent RBI rules on the sector.

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Tata Electronics served show cause notice over fire mishap

The Directorate of Industrial Health and Safety (DISH) has demanded an explanation from the company’s occupier and factory manager regarding the incident. Tata Electronics has one week to respond, unless an extension is requested.

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MeitY extends deadline for Rs 10,000 crore GPU tender to Nov 12 amid industry concerns

The tender aims to establish public AI cloud infrastructure with more than 10,000 GPUs through a public-private partnership. Some companies raised concerns about energy efficiency requirements, but the tender remains unchanged for now.

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Eldercare startup Primus Senior Living raises $20 million from General Catalyst, others

General Catalyst brought in $7 million, while Zerodha cofounder Nikhil Kamath and investment firm Gruhas invested the remaining $13 million. Primus delivers healthcare, wellness, lifestyle, and social engagement services to elders at their homes.

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Samsung workers call off strike: TN labour dept

Under the agreements among the parties, workers would not be victimised for participating in the strike, the department said. Workers said they would cooperate with the management fully and would not do any such acts "prejudicial to the interest of the management".

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Footwear startup Yoho bags Rs 27 crore, eyes offline and international expansion

The funds will be used to support growth initiatives, research and development, marketing efforts, recruitment, and offline expansion. It last raised Rs 20 crore in October 2022. “Our core target audience is 28 to 40 years old, who like colour and style, value comfort, and don't just go for fashion,” cofounder Prateek Singhal told ET.

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TCS second quarter results signal deal growth impact only by FY26

The Tata subsidiary missed market estimates for the July to September quarter net profit after reporting a 1.08% quarter-on-quarter (QoQ) decline at Rs 11,909 crore.

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Furniture rental startup Rentomojo nears Rs 200 crore FY24 operating revenue

Rentomojo reported a 60% rise in operating revenue to Rs 193 crore in FY24. Controlled rise in expenses during the year saw net profit surge more than threefold to Rs 22 crore last fiscal from Rs 6 crore in FY23.

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MCC NEET UG 2024 Round 3 counselling result out for MBBS, BDS, BSc Nursing courses: Direct link, next steps to follow

The Medical Counselling Committee (MCC) has published the NEET UG 2024 round three seat allotment results on its official website. Candidates must report to their assigned institutes between October 14 and 19 to secure their seats. Unplaced candidates will advance to the stray vacancy round.

from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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From Sophos to Arctic Wolf: Bengaluru becomes hub for global cybersecurity ops

Jeff Green of Arctic Wolf explains how they built a bootstrapped GCC business in India and the lessons learnt along the way.

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Cost, integration and scalability: Hurdles for Open RAN in India

While the technology could reshape the telecom landscape in the country, challenges related to cost, integration and scalability continue to present significant near-term hurdles.

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Maharashtra opens Rs 800 crore centre to fight cybercrime

The Rs 800 crore facility, located in Navi Mumbai, will house over 150 experts to protect the state's residents. The center will leverage advanced technologies like AI and blockchain to address various types of cyber threats, including malware, deepfakes, and cryptocurrency scams.

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India drives TCS growth buzz

Tata Consultancy Services (TCS) reported a 5% increase in net profit for the second quarter, driven by a large deal with BSNL. Despite cautious spending from clients in key markets, TCS saw signs of improvement in financial services in North America. CEO Krithivasan expressed optimism about the future, suggesting that the second quarter of FY25 could be better as macroeconomic uncertainty eases.

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Good Glamm Group completes buyout of feminine hygiene brand Sirona for Rs 450 crore

In 2022, Good Glamm announced the purchase of a partial stake in Sirona for Rs 100 crore. The all-cash deal had faced legal scrutiny after founders and investors of Sirona issued notices to Good Glamm for not finalising the acquisition as per their original agreement.

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India leads AI app downloads with 21% share globally

Chatbot apps such as ChatGPT, Microsoft Copilot, Google Gemini are the most downloaded AI apps along with image/video editing and play apps. However, most Indian users use these apps for free.

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Payments firm Tonetag looks to bag $50 million from Iron Pillar, others

Tonetag is in talks with growth-stage investment firm Iron Pillar for a fresh equity round of around $50 million. Other investors are expected to join the round as well. The round will be a mix of primary and secondary capital, where some of Tonetag’s early investors will partially or fully exit the company.

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AI tech shift leading to remarkable transformation: Worldwide Amazon Stores CEO

Speaking at the 'Delivering the Future 2024' event where Amazon announced a major AI push into multiple areas of ecommerce for the US markets, Doug Herrington said AI infusion and enhancement is not just enabling lower costs and improved quality, but also leading to innovative experiences.

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Data centres are wary of sustainability push in govt’s AI mission GPU tender

As per the new clause introduced by the Ministry of Electronics and Information Technology (MeitY) in a corrigendum to the bid issued in the last week of September, a bidder must confirm that the PUE for the data centres from which AI services on cloud would be delivered is not more than 1.35.

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Fraud check: Infosys candidates need to check system for info

Infosys, India’s second-largest software services company, has stopped sending job offer letters and attachments via email. Instead, new recruits will access their job application details by logging into the company’s internal system.

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Ola Electric slapped with show cause notice over consumer complaints and service deficiencies

The central government has issued a showc ause notice to Ola Electric for multiple consumer complaints. These complaints involve service delays, misleading ads, and unfair practices. Ola Electric has been asked to respond within 15 days. The company's stock fell nearly 9 per cent today. The company reported a significant net loss despite revenue growth.

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Samsung signs MoA with some workers at Chennai facility; agrees to a slew of demands

The company has also agreed to expanding the operation of air conditioned buses by next year from only five routes currently to all 108 routes.

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Soon, you will be able to travel from Bengaluru airport to Cantt Station in 40 min: minister

Vaishnaw, who is minister for railways, information broadcasting and information technology, took the train ride from the airport to the Cantt station, where he reviewed the progress of ongoing projects and some planned ones. V Somanna, minister of state (railways) and Lok Sabha member from Tumakuru, will be leading the project that will take the railway line into the sprawling airport.

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RUHS BSc Nursing Result 2024 declared for Semester I Main exam, direct link to download here

RUHS announced the B.Sc. Nursing I Semester (Main) exam results for 2024 on October 5. Students can check their scores on ruhsraj.org or bscnursing2024.com. The exam took place on August 11, and the application process ran from June 25 to July 19. Follow the given steps to access the result online.

from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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Marriott to open tech accelerator in Hyderabad next year

Marriott International is setting up a tech accelerator in Hyderabad, opening in early 2025. This will be its first overseas global capability centre. The centre aims to leverage Hyderabad's technology talent, focusing on software engineering, infrastructure, operations, and cybersecurity. Marriott's expansion in India includes 153 hotels with 84 more in the pipeline.

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UP Police Constable Result 2024 to be released by October end: CM Yogi Adityanath

The UP Police Constable Exam 2024 results will be declared by the end of October, as announced by Chief Minister Yogi Adityanath on X. Candidates can check their results on the official website. Along with the results, the final answer key will also be released. The recruitment process will be expedited.

from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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Brazil's top court says X paid pending fines to wrong bank

Brazil's Supreme Court postponed its decision to allow social media platform X, owned by Elon Musk, to resume services in the country, as the company did not transfer pending fines to the correct bank. X has been suspended since August for failing to comply with court orders related to hate speech moderation and proper legal representation.

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Winners of The ET Startup Awards 2024 to be feted today, and other top stories this week

It’s D-day! Top entrepreneurs, policymakers, and investors will come together in Bengaluru today to honour the stars of Indian entrepreneurship at the tenth edition of The Economic Times Startup Awards (ETSA) 2024.

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ET Startup Awards 2024: The stars of startup world to shine today

​​Ashwini Vaishnaw, union minister for railways, information and broadcasting, electronics and IT, will be the guest of honour at the glittering ceremony. Winners and nominees, past and present, will be among the elite speakers. Watch out for full coverage of the event in ET's pages.

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Consumer-lending fintechs steal show with surging numbers

Fintech firms in consumer lending such as Navi, Kreditbee, Moneyview, and Fibe reported strong profits and revenue growth in the last financial year, recovering from Covid-related challenges.

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ET Startup Awards 2024: it’s an all-star cast of speakers in milestone year for ETSA

Nandan Nilekani, a digital public infrastructure (DPI) evangelist, will delve into the past decade of India's tech and startup ecosystem and look ahead at what’s in store for the new economy amid groundbreaking technological innovations and the maturing of the country’s startup ecosystem.

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Away from spotlight, healthcare throws big lifeline to IT sector

India's IT companies have found a resilient growth engine in healthcare. This contrasts with the sluggish performance of financial services, retail, and hi-tech, which have faced headwinds for nearly two years.

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IT’s fresher hiring may double in FY25 on demand rebound

After a sluggish period, the IT sector is set for a significant recovery in fresher hiring, with projections indicating a nearly 100% increase in entry-level hires this year compared to the last. Several big IT firms have already announced plans to resume campus hiring and expand their workforce.

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ESTA 2024: ClaimBuddy wins by easing insurance claims pain for all

ClaimBuddy won this year’s Best on Campus category at The Economic Times Startup Awards, for aiming to solve the major issue of making the health insurance claim process more transparent and efficient. “ClaimBuddy is a commitment to ensure that patients receive the care they need without the added stress of navigating complex insurance processes," said Khet Singh Rajpurohit, cofounder of the company.

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Ayodhya schools closed amid heavy rains, check official notice here

The Ayodhya education officer announced that all schools (classes 1 to 12) will remain closed on September 28, 2024, due to heavy rainfall. If conditions improve, schools will reopen on October 30, 2024. The decision was made to ensure the safety of students, teachers, and staff.

from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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Bits and Bytes: Meta unveils glasses pitched as smartphone rival and more

According to CEO Mark Zuckerberg, the bulky, black-framed prototype called ‘Orion’ is able to overlay holographic images on a wearer’s field of vision and is ultimately intended to rival the smartphone. “The right way to look at Orion is as a time machine,” Zuckerberg said.

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Small companies can now chase India's giant AI dreams

Sunil Gupta, chief executive of Yotta Data Services, which has placed a purchase order of 16,000 H100 GPUs from Nvidia and went live with 4,000 H100 GPUs a few months ago, concurred. “By lowering turnover thresholds and introducing greater flexibility in AI compute infrastructure requirements, the government has made it easier for a diverse range of players including and especially the startups in the AI services space to contribute to this mission.”

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Cisco opens manufacturing facility in Chennai

Cisco has partnered with Flex for building the Chennai factory to produce advanced telecom technologies. The facility will initially focus on Cisco’s Network Convergence System (NCS) 540 Series of routers, representing the first phase of the company’s multi-year investment plan.

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New owners of Ebix suspend chairman Robin Raina; kick off investigation into financial irregularities

Eraaya Lifespaces, which acquired Ebix for $151 million through a successful bidding process in August this year, also asked Raina and some of his top executives to refrain from contacting, writing to or intimidating any of the employees of Ebix.

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WeWork’s Rs 1,200-crore deal collapses; ETSA Bootstrap Champ winner Boult

Happy Friday! Bankruptcy-hit coworking firm WeWork Inc.’s plan to exit the India unit via a secondary stake sale has fallen through. This and more in today’s ETtech Morning Dispatch.

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ETSA 2024 | ‘Bootstrap Champ’ Boult is marching to beat of its own drum

Boult, a brand known for wearables and electronic devices, prioritizes profitability over market share. Founded by brothers Varun and Tarun Gupta, Boult has grown rapidly without external capital. The company plans to diversify its product range and expand its offline presence while maintaining strong financial health.

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India can be intelligence capital of the world: Nvidia's Vishal Dhupar

Dhupar believes India is witnessing a growing adoption of accelerated computing infrastructure but needs more investments. To compete effectively in the AI race and become an AI powerhouse, India must invest heavily in building its computing capabilities, including servers, storage, and networking, he says.

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X releases its first transparency report since Elon Musk's takeover

Social media platform X, formerly Twitter, has published its first transparency report since Elon Musk's acquisition. The report reveals that nearly 5.3 million accounts were suspended and over 10.6 million posts were removed or labeled for violating platform rules in the first half of the year.

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Mumbai schools and colleges shut tomorrow amid IMD's heavy rain alert, BMC issues notice

The Brihanmumbai Municipal Corporation has declared a holiday for all schools and colleges in Mumbai on Thursday, 26 September 2024, as a precautionary measure due to severe weather conditions. The India Meteorological Department has issued a Red Alert until tomorrow morning. Residents are advised to avoid leaving their homes unless absolutely necessary.

from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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ETSA 2024: Haqdarshak takes government schemes to the needy via consultants

Haqdarshak was picked by the elite jury of The ET Startup Awards as the winner of the Social Enterprise category, which recognises a startup that best embodies the ‘double bottom-line’ model of combining profit and public good.

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Mukesh Bansal’s new startup Nurix AI raises $27.5 million from Accel, General Catalyst

The new company, Nurix AI, which builds custom AI agents for enterprise services like sales and customer support in initial use cases, was incubated in Bansal’s startup incubator Meraki Labs and now has about 20 people in the team.

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Operational tech roles log 20% surge in demand

Infrastructure projects, particularly the government's smart city initiative, have spurred an 11% rise in OT hiring, Sharma said. The focus on process automation and regulatory compliance in the chemical and pharmaceuticals sector resulted in an 8-10% growth in OT positions. Smart manufacturing and autonomous vehicle technologies in the automotive sector led to a 12% increase.

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ETSA 2024: Need stronger collaboration between private investors and govt to support deeptech startups: BrainSight AI founder Laina Emmanuel

As part of a series of interviews with the winners of The Economic Times Startup Awards 2024, ‘Top Innovator’ award winner BrainSight AI’s founder Laina Emmanuel talks about the firm’s journey so far.

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KEA VAO 2024 hall ticket out at cetonline.karnataka.gov.in: Direct link to download here

The Karnataka Examination Authority has released admit cards for the Village Administrative Officer recruitment exam. Candidates can download their hall tickets from the official website. The mandatory Kannada Language Exam is set for September 29, 2024, from 10:30 am to 12:30 pm. This recruitment drive aims to fill 1,000 VAO positions in Karnataka's administrative framework.

from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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Bits & Bytes: Meta beats lawsuit over Apple privacy

In a decision, US District Judge Yvonne Gonzalez Rogers also rejected claims that Meta concealed former COO Sheryl Sandberg’s use of company resources on personal matters, including her wedding and her book Lean In.

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X names Brazil legal representative as it fights ban in the country

Andre Zonaro and Sergio Rosenthal, who were recently appointed as X's lawyers in Brazil, told Reuters that colleague Rachel de Oliveira Conceicao was chosen as the firm's legal representative, and that they had submitted her name to the Supreme Court.

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Top startup and tech stories this week

Welcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories from this week. Let’s take a look.

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Michelin to lay foundation stone for passenger car tyre facility at TN plant

"India is a very big market and (there are) many Indias within India," Gaganjot Singh, president and managing director - Africa, India and Middle East at Michelin, said. "We cater to the premium segment (and) we believe that we are achieving a critical mass in the premium segment, which is now going to grow significantly in the years to come."

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Aye Finance set to secure Rs 250 crore in a fresh round

Once the deal is closed, Aye Finance’s net worth would reach Rs 1,250 crore, on the basis of which it can raise further debt from its lending partners. Founded in 2014, the lender focused on small and medium enterprises is backed by Alphabet’s growth fund Capital G, Elevation Capital and others. Its initial investors are not participating in this round.

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Cognizant CMO quits, Thea Hayden to take interim position

Thea Hayden, senior vice president of Global Marketing, a 25-year marketing veteran and seasoned Cognizant executive, will serve as the interim Chief Marketing Officer.

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While doubling India headcount, Salesforce also facilitated 65,000 internships: Arundhati Bhattacharya

Bhattacharya said, “We have an MOU (memorandum of understanding) with AICTE for providing 200,000 internships, of which we have already done 65,000. So these internships are for three months - one and a half months virtual, one and a half months on the ground, in location.”

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Recruitment platform Vahan raises $10 million in funding led by Khosla Ventures

The round also saw participation from Y Combinator, US-based VC firm Gaingels, and Vijay Shekhar Sharma, founder of Paytm, among others. Vahan's ‘AI Recruiter’ conducts interviews in English and Hindi and will be expanded to eight major Indian languages and several hundred dialects within the next year.

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Banks step up vigil on fraudulent account opening via digital banking channels

“Some of the largest banks in the country could be processing around Rs 300-400 crore worth of fraudulent transactions through mule accounts on a monthly basis; for mid-tier banks, the amount could be around Rs 50-100 crore," a senior banker with a private sector bank said on the condition of anonymity.

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Livspace to file for domicile flip from Singapore for IPO in 2025-26

Ikea-backed Livspace is set to become the latest startup to file for flipping its domicile to India from Singapore and has secured the board’s in-principle approval for the same, founder Ramakant Sharma told ET. The home decor startup plans to launch its initial public offering (IPO) by the end of 2025 or early 2026, but the timeline is subject to change.

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Snap unveils fifth Gen AR glasses Spectacles at Snap Partners Summit 2024

This comes days ahead of rival Meta set to showcase its AR glasses at the Meta Connect conference and Apple Inc having set the stage for its AR glasses that have reportedly been under development.

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Lightspeed may lead $50-60 million round in healthcare company Qure AI

Venture capital fund Lightspeed will lead a $50-60 million investment in Qure.ai through its growth fund. Sources said the VC fund will invest around $20-25 million in the AI company and is looking to buy some secondary shares as well.

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Infosys, Wipro to start fintech hubs in GIFT City’s IFSC under Techfin framework

Both companies have taken large office spaces within the International Financial Services Centre (IFSC) to set up their operations under the TechFin framework, through which they will focus on services aligned with financial technology catering to their global clients.

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Tally is at work on new accounting platform for small businesses

Bengaluru-based Tally Solutions, a software solutions provider for small businesses, is planning a larger financial services play, intending to get into financial reconciliation, credit offerings, and an integrated tax filing service.

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NIOS Hall Ticket for Secondary and Senior Secondary courses for Oct/Nov 2024 Public Exams out at sdmis.nios.ac.in: Direct link here

The National Institute of Open Schooling (NIOS) has released admit cards for the October/November 2024 practical examinations. Students can download their hall tickets from sdmis.nios.ac.in. The practical exams for classes 10 and 12 will take place from September 20 to October 7, 2024. Admit cards are required for entry into the exam center.

from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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The missing layer of the India stack

Given our population and a proven track record of providing talent for global IT, why is India at risk of missing the AI bus? Most global travellers would vouch for the fact that no other country is as digitally savvy and inclusive as India. With hundreds of millions online, we also have the largest and most active user base for the biggest technology companies in the world.

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Bits & Bytes: Huawei shows the world its $2,800 ‘trifold’ phone

The technology giant unveiled its Mate XT, the first tri-foldable phone, just hours after Apple introduced its AI-enhanced iPhone 16.“Apple hasn’t fallen, but Huawei has truly risen again,” commented one user on Weibo, China’s equivalent to X. Another wrote: “Times are changing. US sanctions have been in vain.”

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Apple’s watch series 10: a powerhouse that goes beyond monitoring

Series 10 boasts of Apple’s largest and most advanced display. It has 30% more screen area, a 40% brighter display, which improves visibility and readability, and an OLED screen that’s very power-efficient. Series 10 is also the thinnest Apple Watch ever, at 9.7 millimeters. A metal back integrates the antenna into the housing, improving cellular performance and maintaining 50-metre water resistance.

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OpenAI's $150 billion valuation hinges on upending corporate structure

OpenAI is set to raise $6.5 billion through convertible notes, contingent on restructuring its corporate structure and removing a profit cap for investors. The funding round, valuing OpenAI at $150 billion, has strong investor interest from Thrive Capital, Khosla Ventures, Microsoft, Nvidia, Apple, and Sequoia Capital.

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Winners of ET Startup Awards 2024; and other top stories this week

We at ETtech were neck-deep preparing for the past few months to bring to you the tenth edition of The Economic Times Startup Awards (ETSA). We reached out to more than 150 of the country’s top entrepreneurs, investors and other stakeholders to compile a list of the best entrepreneurial talent. Then we distilled it to arrive at the final nominees.

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‘Sachet’ covers now guard against cyber fraudsters using AI

A recent study by Deloitte said that India’s cyber insurance market worth $50–60 million in 2023 is expected to grow at an annual rate of 27–30% in the next five years.

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ET Startup Awards 2024 | Top Innovator: BrainSight AI forces a rethink

Founded in 2020, when the entire health sector was focused on fighting the pandemic, the startup had a tough time convincing hospitals to let it test its hypothesis and explaining the potential upsides of the software to top neurologists in the country.

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ET Startup Awards 2024 | Best on Campus: ClaimBuddy stays on pulse to take home campus star prize

The startup that provides digital infrastructure to hospitals for processing insurance claims and assists patients in getting faster pay-outs was praised for its mission to improve a massive pain point for users.

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Wealthtech startup Centricity raises $20 million in round led by Lightspeed India Partners

Returning investors Burman Family Office and Shantanu Agarwal, among others, participated. The startup, now valued at $125 million, had earlier raised $4 million in September 2022, in a round led by the Burman Family Office at a $20 million valuation. The fresh funds will be used to scale its platforms Invictus and One Digital.

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Ex-Google executive said goal was to 'crush' competition, trial evidence shows

The statements underscored the US Department of Justice's claim that Google has sought to monopolize markets for publisher ad servers and advertiser ad networks, and tried to dominate the market for ad exchanges which sit in the middle.

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ET Startup Awards 2024: Startups with impact and a sustainable vision to take the prize

For the ET Startup Awards 2024, jury members from across the globe will come together on September 11 to recognise the brightest and best entrepreneurial talent.

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ET Startup Awards 2024: Nominees for Midas Touch

The award will recognise the most lucrative exit in the year. The decision will be made based on the volume of deals as well as the size of the exit.

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ET Startup Awards 2024: Nominees for Startup of the Year

The ET Startup of the Year will be characterised by breakthrough innovation, top-class execution and fast-paced growth. The quality of the founding and management team was an important component in decision making.

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ET Startup Awards 2024: Nominees for Social Enterprise

With this category, we intend to recognise the startup that best embodies the ‘double bottomline’ model, one that combines profits with the public good.

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Country roads take top tech companies to labyrinths of GST notices

Tax experts say unlike Income Tax, IT companies have to do their GST registration for every state where they have opened their offices and branches. These orders are all related to cases of FY20, whose due date was on August 31, 2024, and thus the reasons for a flurry of notices before the due date. In some cases, IT firms also delayed their filings with BSE because of the coincidence of weekend falling on last month’s end.

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Not enough cabs to meet rising demand: Uber India president

While Uber and Ola continue to dominate app-based taxi service in India, they are facing increasing rivalry from newer players such as WestBridge Capital-backed Rapido, which recently closed a $200-million funding round, BluSmart, Namma Yatri and InDrive among others.Uber has more than 1.1 million active drivers on its platform in India and the number is growing continuously, Prabhjeet Singh, president of Uber India and South Asia told ET.

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Apple unveils new iPhone built for AI

Apple on Monday announced a new iPhone built for generative artificial intelligence as it seeks to boost sales and show it is keeping up in the technology race. "Apple Intelligence" is a new suite of software features for all devices that was announced in June at the company's annual developers conference, where it also announced a partnership with ChatGPT-maker OpenAI. "For years, artificial intelligence and machine learning have been essential in delivering so many of the features and experiences you love," Cook said.

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ET Startup Awards 2024: Nominees for Comeback Kid

This award celebrates failure and recognises those who have survived to tell the tale. It will be given to entrepreneurs who rebuilt or launched a more successful business.

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DU NCWEB admission 2024 third cut-off list released: Check details here

The Non-Collegiate Women’s Education Board of Delhi University (DU NCWEB) has issued the 3rd cut-off list for the admissions to BA and BCom courses. Students can visit the official website of NCWEB or DU to check and third cut-off list 2024. As per the details, the admission process has already begun.

from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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NITTT September 2024 admit card released: Check direct link here

The National Testing Agency (NTA) has released admit cards for the NITTT exam 2024. Candidates can download them from nittt.nta.ac.in. The exam will be held on September 14, 15, 28, and 29, 2024, in two shifts. Candidates can find the direct link to the admit card and other important details here.

from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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A vast majority of young professionals fear AI disruption: survey

With artificial intelligence becoming more pervasive, insecurities over job displacement have emerged as a major concern. A survey finds artificial intelligence and machine learning to be the most sought-after skills in FY25, as many seek to upskill to remain relevant.

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Hornbill Orchid in talks to lead PhysicsWallah's $150-million funding at $2.8 billion valuation

This will be the second funding round for PhysicsWallah, started by Alakh Pandey, a popular teacher, in 2016 as a YouTube channel providing coaching for engineering and medical entrance tests. In 2022, the profitable edtech firm raised $102 million at a $1.1-billion valuation from WestBridge Capital and GSV Ventures in its maiden funding round.

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Zepto in talks with investment banks for potential IPO next year

The Mumbai-based startup is also talking to domestic investment banks for a potential listing of shares by August next year, one of the people said. Swiggy, the parent of Zepto’s rival Instamart, is also readying to hit the public market later this year with a $1.25 billion IPO. Its other bigger competitor, Blinkit, is owned by Zomato, a listed company since 2021.

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After a lull, industrial metaverse adoption picking up across industries: Experts

Industry executives and experts said the industrial metaverse--which refers to the digital world that mirrors the physical world, leveraging the technologies--has found the right price points to generate good returns on investment (RoI) with supporting technologies scaling up. “Industrial metaverse has gone through its waves,” said Sreenivasa Chakravarti, vice president, IOT and digital engineering, TCS.

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Maharashtra says Tower-Adani to set up $10 billion semiconductor unit

The Maharashtra cabinet has approved a $10-billion investment by a Tower Semiconductor-Adani Group joint venture to establish a semiconductor chip manufacturing unit in Taloja, Panvel. The project will have an initial capacity of 40,000 wafer starts per month, expanding to 80,000 WSPM in the second phase.

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Newer systems being added to astronaut training facility in Bengaluru: VSSC director

Unnikrishnan Nair, director of Vikram Sarabhai Space Centre (VSSC) told ET, “The building near UR Rao Satellite Centre on Old Airport Road is in place and certain systems are already in place. But we are adding more simulators. The four astronauts selected for the Gaganyaan Mission received generic Space training in Russia. The training they receive at this facility is specific to Gaganyaan.”

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RecommerceX raises $3.6 million in round led by Accel, Kae Capital

The chemical recycling and sustainability startup will use the funds to expand the team, develop tech platform, push R&D for advanced material recovery, and scale its operations. RecommerceX targets medium to large manufacturing companies and engineering, procurement, and construction (EPC) firms as its primary customers.

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Margin focus pushes Indian IT firms away from subcontractors

In FY24, subcontracting costs hit their lowest levels in years: TCS at 6.20% of its revenue (the lowest since FY16), Infosys at 7.70% (lowest since FY21), Wipro at 11.50% (lowest since FY16), and Tech Mahindra at 12.60% (lowest since FY19), according to company data.

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WazirX parent looking for ‘white knights’ to rescue crypto exchange

“There are several ideas from ‘white knights’ to collaborate … there are creative ways to do this rather than acquiring the platform (by a third party), which is not possible in this case because the ownership is disputed,” WazirX cofounder and CEO Nischal Shetty said in a townhall on Monday.

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Harman's predictive analytics platform ForecastGPT is live

ForecastGPT, a predictive analytics platform allows organisations to forecast sales, supply chain and financial planning across industries such as retail. Being able to accurately predict future trends, allows businesses to optimise resource allocation, and enhance overall business performance. It is designed for businesses that operate in dynamic and uncertain markets, where demand and supply can vary significantly.

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BigEndian Semiconductors raised $3 million in a funding round led by Vertex Ventures SEA & India

Founded in 2024 by Kumar, Renuka Prasad, Harpreet Wadhawan, Dinesh Annayya, Kanagaraju Ponnusamy, and Jansen Cheng, the Bengaluru-based startup aims to develop homegrown semiconductor IP in India, with plans to launch its surveillance system-on-chip (SoC) solution. The company currently employs about 18 people.

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Studying Computer Science at Oxford University: All about course structure, eligibility criteria and fees

The University of Oxford offers a highly esteemed Computer Science program, ranked 4th globally by QS in 2025. This rigorous course provides a strong foundation in both theory and practice, with opportunities for specialization. Graduates are highly sought after by top employers like Google and Microsoft. The program also offers flexible course options, competitive admission requirements, and a diverse fee structure based on residency.

from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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HCLTech, Wipro see discretionary spends uptick in BFSI sector

In a pleasant surprise for the industry, two of the top four Indian IT companies, HCLTech and Wipro, are ramping up discretionary spends in the banking, financial services, and insurance (BFSI) segment. Experts, anticipating a rate cut in September, are hoping the revival of discretionary spending will be widespread in the next two quarters.

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PayU eyes full-stack consumer payments through its LazyPay

Digital payments company PayU is looking to expand its consumer fintech offerings through LazyPay, while maintaining its core focus on merchant payments. The Naspers-owned fintech firm plans to leverage LazyPay to develop a consumer payments and credit platform. CEO Anirban Mukherjee said PayU is anticipating regulations on allowing nonbank lenders on Unified Payments Interface (UPI) for tapping credit opportunities.

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UPPSC Staff Nurse admit card 2024 released at uppsc.up.nic.in: Direct link, steps to download

The Uttar Pradesh Public Service Commission has issued admit cards for the 2023 Staff Nurse (Ayurved and Unani) exams. The UPPSC Nurse Exam 2024 will occur on September 8, 2024, in two sessions, for 327 vacancies. Candidates are urged to download their admit cards from the UPPSC website expediently.

from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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Meta faces $3.6 million fine in Brazil for allowing bogus ads

In her ruling, Judge Joana Ribeiro said it was unacceptable for Meta to sell ads in an insecure way to sustain its business model. The department store, Havan, called the decision a “landmark” in protecting the company’s rights.

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Brazil judge orders shutdown of X social network; Elon Musk furious

A Supreme Court judge on Friday ordered the suspension of Elon Musk's X social media network in Brazil after the billionaire failed to comply with an order to name a new legal representative for the company. On Wednesday, Moraes told Musk "to appoint the company's new legal representative in Brazil within 24 hours" or face suspension.

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Students seek clarity as Infosys offers two pre-training rounds

Infosys' recruitment challenges reflect a wider talent acquisition crunch in the tech industry, driven by economic uncertainty and automation. Indian IT companies face mounting pressure from students, public backlash, and worker unions to address delayed onboarding processes.

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AI experts’ sky-high salary demand stumps Indian companies

According to Mark Samlal of San Francisco-based Deel, a payroll and compliance provider, at least 132 companies looking to hire AI talent in India are facing high salary expectations from candidates. Deel currently serves organisations like BCG, Nike, Forever21, Shopify, Klarna, Reddit and BBC Studios. Its 550 employees in India account for over 13% of its global workforce of 4,000.

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Applied Materials to sign MoU with TN government to establish Center of Excellence

The MoU is to be signed in San Francisco in the presence of the Tamil Nadu Chief Minister, MK Stalin and President of the Semiconductor Products Group at Applied Materials, Dr. Prabu Raja.

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LTTS aims at $1 billion revenue for each of its three verticals

Analysts at Nuvama said, “Management forecasts India’s share of global ER&D (engineering and research and development) outsourcing market would expand at a CAGR (compound annual growth rate) of 17–22% over 2023–30. They anticipate global ER&D spend to touch $540 billion in the auto segment, $280 billion in transport & off-highway and $120 billion in aerospace & rail by 2030.”

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Zerodha’s wealth management plans; IT firms extend fresher internships

Happy Thursday! Zerodha is deeply integrating its trading and mutual fund distribution businesses. This and more in today’s ETtech Morning Dispatch.

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Zerodha eyes greater synergies between trading, wealth apps

Zerodha is focusing on bolstering its long-term wealth management strategy, exploring opportunities to integrate its trading and mutual fund businesses. The Bengaluru-based company currently operates distinct platforms, Kite and Coin, for trading and mutual fund transactions, respectively, but aims to unlock greater synergies between them.

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Amid cautious hiring, internship becomes mandatory and extended

It’s a new trend that has emerged this year, said KS Shridhar, dean – placement and training, at Bengaluru-based PES University. “Normally, after the last semester when students pursue their internship, they get their offer letters. But this year, many companies have extended their internship period to a couple of more months.”

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Open Cloud Compute looks to onboard 3 providers for October pilot

The Open Cloud Compute network was launched by Infosys non-executive chairman Nandan Nilekani earlier this year. It is an open interface for providers and customers of computing infrastructure. The network is hoping to hire at least three computer providers to pilot in October.

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Southern states look to outfox each other in hunt for a Foxconn ‘city’

Taiwanese electronics manufacturer Foxconn is being offered 2,000 acres of land in Telangana to build a 'Foxconn city' modelled on its facilities in its home country as well as in China, a top lawmaker told ET. Telangana has offered as-yet unidentified location to Foxconn, but other states are also aggressively courting the company.

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AI ethics boards coming up fast in Indian tech majors

Leading tech majors are building internal review boards to ensure the ethical development of AI systems, in response to the growing concerns around data privacy, sovereignty, bias, and hallucinations posed by the emergence of generative AI models.

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Convin secures $6.5 million in funding for expansion plan

Founded in 2021 by IIT Delhi alumni Ashish Santhalia, Bharat Patidar, Atul Shree and Durgesh Choudary, Convin is an AI conversation intelligence platform. The startup will use this capital to expand its core team and widen its distribution channels, CEO Santhalia told us.

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Banks up tech hiring with RBI pushing for enhanced risk management

In response to the RBI's increasing focus on financial sector stability, banks are bulking up their technology capabilities by expanding their tech teams and increasing IT investments. This comes amid the growing importance of cybersecurity and the need to adopt AI-driven services, which are becoming essential components of the banking industry.

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Uber to bring ‘Black’ back in big premiumisation push

Uber is reviving its high-end Uber Black service in India, starting with a phased rollout in Mumbai, as the company focuses on upgrading its services to cater to the premium segment. The launch is anticipated to take place within the next few weeks.

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Apple rethinks its movie strategy after a string of misses

Apple is not alone in its box office struggles. This year has seen some really big hits ("Inside Out 2," "Deadpool & Wolverine") and some notable misfires ("The Fall Guy," "Furiosa: A Mad Max Saga"). And Apple has seen some of its films perform well in streaming.

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Telegram founder Paul Durov detained at French airport for 'lack of moderation' on messaging app

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GenAI levels the playing field: Mercedes Soria of robotics security company Knightscope

The technology is set to transform how problems are solved in India, even for those without a technical background, says Mercedes Soria of Knightscope

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Meta says Iranian group tried to target Trump, Biden officials' WhatsApp accounts

Meta reported on Friday that it identified possible hacking attempts on the WhatsApp accounts of U.S. officials from both the Biden and Trump administrations. The company attributed these attempts to the same Iranian hacker group previously known to have compromised the Trump campaign earlier this month.

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Top startup and tech stories this week

Welcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories from this week. Let’s take a look.

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Amazon India set to tweak seller fees ahead of festive season

Amazon India adjusted its seller fee structures starting September 9. Reduced commissions across multiple categories aimed at supporting sellers during the festive season, with a focus on low-priced products. Categories such as ethnic wear and home furnishings saw significant fee reductions, while others like backpacks and studded fine jewellery had fee increases.

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BookMyShow’s business story gets Zomato’s Paytm plot twist

BookMyShow may face strong competition from Zomato after its acquisition of Paytm's ticketing business. Zomato plans to leverage its customer base and profits from other businesses to scale its new going-out vertical, aiming to grow its order value to over Rs 10,000 crore by FY26.

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Nepal lifts TikTok ban after app addresses cyber crime concerns

Nepal has lifted a nine-month ban on TikTok after the company agreed to assist law enforcement with crime-related and inappropriate content issues. Previously banned for disturbing social harmony, TikTok now aims to support Nepal's police in addressing cyber crimes and moderating content. Nepal had seen over 1,600 TikTok-related crimes before the ban.

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Tamil Nadu CM MK Stalin lays foundation for 28 projects worth Rs 51,157 crore

Singapore-headquartered renewable energy firm Sembcorp will invest Rs 36,238 crore for the establishment of a green hydrogen and green ammonia manufacturing unit in Tuticorin district. This will make Tamil Nadu the first state in the country to roll out commercial production of hydrogen molecules.

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Infosys employees start this fiscal with 80% bonus

The payout comes after Infosys led industry growth in Q1FY25 reporting healthy earnings of a 7.1% year-on-year growth in net profit on a 3.6% revenue growth as against further subdued growth by its top tier peers. The firm has also raised its revenue guidance for the full year FY25 to 3-4% in constant currency terms citing return of business demand and bullish market environment in the last two quarters.

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Infosys opens ‘Power’ programme offering freshers up to Rs 9 lakh a year

TCS offers salaries in the range of Rs 9-11 lakh per annum under ‘Prime’, a programme it launched last year. The firm has expanded its scope this year, adding newer technologies such as artificial intelligence (AI), generative AI (GenAI) and machine learning (ML).

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UPI market share cap delay likely to keep online payments pie unchanged

The 30% market share cap in the UPI segment was considered improbable with only a few months left until the deadline. Newcomers revised their plans as PhonePe and Google Pay retained dominance. The government had not yet provided an official stance to the NPCI on this matter.

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Infosys to bag a $100 million pie in $1 billion Microsoft-Coca Cola deal

In a regulatory filing this month, Coca-Cola Euro Pacific Partners PLC, a subsidiary of The Coca-Cola Company, said, “During the first half of 2024, the group made a commitment to TCCC (The Coca-Cola Company) to invest €167 million with Microsoft for Azure cloud migration services over a 6-year term. A further €25 million has been committed to Infosys who will act as a supporting partner.”

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Young companies find a perfect cofounder in AI to kick-start business

For all the excitement over the potential impact of generative AI tools like ChatGPT, it is not yet obvious how or when this technology will begin to measurably affect economic activity. Many businesses, especially smaller businesses, are still trying to figure out how to use it effectively.

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Cognizant CFO Jatin Dalal sees positive signals in IT demand scenario after long

Speaking about the recent controversy on low salary at the entry levels, Dalal said that it was a “misunderstanding” and for engineers the company pays salaries in the range of “Rs. 4 lakh going up to Rs. 12 lakh” for different types of work and colleges. “This Rs. 2.5 lakh salary, I want to put it on record, is not reflective of an engineer's salary. That is for a three year undergraduate course at an entry level…. So these are two very different parallel streams of hiring.”

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Festive season begins with a bang: quick commerce sees jump in sales

Blinkit and Zepto saw increased sales and expanded their product ranges for the festive season, targeting doubled SKUs for Diwali. With significant sales spikes for Rakshabandhan, the platforms also emphasised discounts and international orders. Mumbai-based rival Zepto said it aimed to deliver 3.5 million orders in the three days leading up to Rakshabandhan.

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Micro VCs find solid ground as the venture landscape reshapes

Aviral Bhatnagar introduced a Rs 100 crore fund under AJVC to back early-stage Indian startups. The fund will focus on pre-seed stage investments, with plans to invest in over 30 startups in the next three to four years, taking advantage of opportunities as larger VCs shift towards safer investments.

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Only 25% of Yotta’s GPUs used by Indian firms: CEO Sunil Gupta

On the government’s India AI Mission, chief executive Sunil Gupta said Yotta Data Services is unlikely to subsidise prices further for the government as the government plans to facilitate the availability of 10,000 GPUs-time for startups, researchers and academia. Yotta’s GPU time on an hourly basis is aggressively priced but the company would be open to negotiations once the government’s tender is out, he said.

from Tech-Economic Times
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VCs fire up wealthtech investments as stock market surge ignites HNI boom

VCs rush to extend funding support on seeing segment’s huge growth potential. Unlike the traditional wealth management services offered by banks, wealthtech firms use data analytics and the latest technologies to provide personalised investment strategies at a fraction of the cost.

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Gen Z users oppose social media limits: poll

According to a study designed by the Stanford Deliberative Democracy Lab, more than 60% of newly registered voters in the US oppose requiring kids under age 16 to seek parental consent to use social media. More than 85% of young people think there should be no time limits on when they can receive social media notifications.

from Tech-Economic Times
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Top startup and tech stories this week

Welcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories from this week. Let’s take a look.

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EV maker Rivian halts production of Amazon delivery vans amid parts shortage, shares down 5%

Rivian suspended the production of its commercial delivery vans due to parts shortages, impacting their output for Amazon. A spokesperson indicated the company aims to recover the missed production. The shortage did not affect Rivian's other models. Amazon holds a 16% stake in Rivian, ordering 100,000 vans to be deployed by 2030.

from Tech-Economic Times
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Only Indian companies can bid for GPU procurement: centre

As per the bid documents seen by ET, the IT ministry will also propose that the prospective bidders for the tender form a three-member consortium with one data centre provider, one cloud service provider and a systems integrator as partners. Of these three companies, one will act as the primary service provider, while the other two will be designated secondary partners, a source said.

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Optiemus seeks Rs 400 crore to expand manufacturing operations

Optiemus, in a stock exchange filing, said the fund-raise will be done through preferential allotment of 75 lakh convertible warrants, convertible in one or more tranches into equity shares of Rs 10 each, within 18 months into equity shares.

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After raising $50 million, SaaS startup Loginext liquidates assets to US entity for $250K

Backed by Tiger Global, Steadview, logistics SaaS company winds up and sells assets to a Delaware entity Stellation Inc, per a July 8 board resolution. Employee stock plan cancelled, options terminated, amid layoffs at the firm.

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Tamil Nadu CM MK Stalin, Foxconn chief set to open industrial housing hub on Saturday

In 2020, the Tamil Nadu government sanctioned the establishment of the industrial housing facility at a cost of around Rs 706.5 crore at SIPCOT (State Industries Promotion Corporation of Tamil Nadu) Industrial Park, Vallam Vadagal, Sriperumbudur taluk, Kancheepuram district.

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ET Explained: AI race in focus as ByteDance hits play on AI video creator

ByteDance introduced Jimeng AI, a text-to-video generative app, limited to China. The app, developed by Faceu Technology, allows users to create 80 images or 26 videos for free. Other Chinese companies have also launched their AI models. China has approved over 40 AI models and leads in generative AI patents globally, outpacing the US.

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Hollywood union strikes deal for advertisers to replicate actors' voices with AI

The SAG-AFTRA union has finalized a deal with Narrativ, enabling actors to license AI-generated voice replicas for advertisements. This agreement ensures actors get paid fairly and have control over their digital voices. This initiative responds to rising concerns about AI and voice imitation, highlighted by recent Hollywood strikes and legal discussions.

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IT firm Happiest Minds reports growth in BFSI vertical

Happiest Minds experienced a 540 basis point increase in its BFSI vertical, influenced by the acquisitions of Aureus and PureSoftware. These acquisitions also contributed to a sequential revenue rise of 11.2%. However, net profit declined by 29.1%, attributed to acquisition-related expenses. The company's headcount grew significantly in the quarter.

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Google unveils new phones and other gadgets powered by AI

Pixel 9, the base 6.3-inch display model, will retail at a starting price of $799, which is $100 more than the previous model. This and the 6.8-inch Pixel 9 Pro XL will begin shipping later in August, a company spokesperson said. The Pixel 9 Pro, which comes with added features like a better camera, and the foldable Pixel 9 Pro Fold will ship in September.

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Payments startup Skydo secures $5 million in funding from Elevation Capital, others

For Skydo, which is awaiting the payment aggregator cross-border licence from the RBI, this round of funding follows an earlier institutional round for a similar amount from Elevation in 2022. Skydo was incorporated in 2022 by ex-PhonePe senior executive Movin Jain and Sridharan Srivatsa who was with gold loan startup Rupeek.

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India’s talent pool is critical differentiating weapon for us: Manhattan Associates CEO

Speaking about GenerativeAI, CEO Eddie Capel said they don’t use Generative AI tools for code development. “We're using it for a knowledge-based interrogation, documentation interrogation, configuration work, anything that drives efficiency from a knowledge transfer perspective.” Experts tracking GCCs (Global Capability Centres) in India say this case shows the importance of GCCs in India.

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US SEC sues NovaTech over alleged $650 million global crypto fraud

The U.S. SEC has filed a lawsuit against NovaTech and its co-founders for allegedly defrauding investors of over $650 million. The Petions reportedly misled investors about the safety of their funds and used new investments to repay earlier ones. The SEC aims to seek restitution and civil fines.

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Brands rush in as Olympians Neeraj Chopra, Manu Bhaker, Vinesh Phogat strike gold on social media

Indians’ love for varied sports at global championships such as Olympics is paralleling Cricket’s popularity. Visa’s Kumar concurred that while Cricket is immensely popular, Olympic Games “ignite a spirit of competition, passion and human excellence amongst many.” For instance, Neeraj Chopra’s final javelin throw where he secured a silver medal was watched by 5.6 crore viewers on Jio Cinema, comprable to India's winning match at T20 World Cup Finals in June.

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Proptech startup Truva bags $3 million in funding round led by Stellaris Venture Partners

Truva, a real estate technology startup founded in 2023, secured $3 million in funding led by Stellaris Venture Partners. Angel investors such as Myntra founder Mukesh Bansal, Curefoods founder Ankit Nagori and Groww founder Lalit Keshre, among others also participated in the funding round.

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TS PGECET 2024 Counselling registration deadline extended: Check last date to apply here

The Telangana State Council of Higher Education (TSCHE) has extended the registration deadline for the Telangana State Postgraduate Engineering Common Entrance Test (TS PGECET) 2024 counselling until August 24. Candidates can visit pgecetadm.tsche.ac.in for the registration process. Candidates can check the revised schedule and other important details here.

from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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SSC CGL 2024 exam correction window closes today: What can you edit? Check details here

The Staff Selection Commission (SSC) will close the Combined Graduate Level Examination (CGL) 2024 application correction window today, August 11. Candidates can visit the official website, ssc.gov.in, to make changes. They can correct their name, parent’s name, date of birth, gender, and Class 10 roll number. Check important details here.

from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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Jharkhand NEET Counselling 2024: Check application fee, important documents needed, and other details here

The Jharkhand Combined Entrance Competitive Examination Board (JCECEB) will soon begin the Jharkhand NEET Counselling 2024 for MBBS and BDS programs. Candidates can register for the counselling process on the official website, jceceb.jharkhand.gov.in, once the link is active. Check important details regarding how to register, application fee, documents needed, etc., here.

from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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Manipur Class 10 compartmental results 2024 declared at manresults.nic.in: Check direct link here

The Board of Secondary Education, Manipur (BSEM), has declared the results of the Class 10 High School Leaving Certificate Compartmental/Special Examination 2024. Students can visit manresults.nic.in to check and download their results. Students can check the direct link and other important details here.

from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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