Tata Digital stitching ‘value fashion’ plan under its Cliq brand

Tata Digital, the ecommerce arm of the Tata conglomerate, is in talks to develop a budget fashion line on its Tata Cliq platform to take on industry competitors Flipkart, Amazon India, and Reliance Ajio. While the company has Zudio in that category, sources said that brand is likely to stay offline only and there are no plans to take it on Neu yet.

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Smaller cities are stealing the show in data centre expansion

Tier-2 and -3 cities are turning attractive due to their strategic locations and improved infrastructure as companies seek to cater to the underserved vast majority. The data centre industry has expanded from 350 MW capacity in 2019 to 854 MW in 2023, at a compound annual growth rate of 25%, as per JLL data.

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How DMart plans to take on the quick commerce rivals

Avenue Supermart, India's largest listed retailer by sales and market capitalization, announced that it will focus on discounting and lower pricing to drive growth. The owner of DMart supermarkets emphasized that it will prioritize opening more stores instead of launching an ultra-fast delivery model, despite the rising popularity of quick commerce rivals. This approach is aimed at covering catchments and clusters where quick commerce companies are currently experiencing high demand.

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It's trending D2C: new-age brands flex muscle via own sites

Direct ecommerce, or brands selling directly to consumers through their digital platforms, has risen to 10-15% of India’s online retail market of $70-75 billion now, from 2-3% five years ago, according to data. Why are these brands focussing on their own channels for sales and cutting reliance on marketplaces?

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Tax filings more challenging on surge in F&O, gaming app play

The massive jump in retail participation in futures and options trading, crypto trading and sports betting has increased the tax filing challenges for chartered accountants and lawyers. People who are helping consumers file their taxes told ET that many of them have undertaken 25,000 FnO transactions, more than 1 lakh crypto trades and actively bet on sports.

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InsuranceDekho secures composite broking licence, to start reinsurance biz

InsuranceDekho, a Gurugram-based insurance marketplace, has secured the composite insurance broking licence from IRDAI. Its customers can now avail the reinsurance service from the company. With this, the company takes on rival Policybazaar, which had received the permit in February this year. InsuranceDekho processed around Rs 3,300 crore in premium for insurance companies in the last financial year.

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Fidelity, Nomura line up bids for Ola Electric's IPO

Ola Electric's roughly $740 million IPO will open this week and will be the first by an Indian electric vehicle maker. The company is the biggest player in the e-scooter market in a country where adoption of clean vehicles is still low but rising rapidly.

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IBPS Clerk Recruitment 2024: Extended registration window closes today for 6128 posts, direct link to apply

IBPS concluded the application process for Clerical Cadre positions on July 28, following an extension from the initial deadline of July 21. The recruitment drive announced 6,128 vacancies. Applicants aged between 20 and 28 years had to undergo a Preliminary exam, Mains exam, and a language proficiency test. Applications were accepted on the official IBPS website.

from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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NEET UG 2024 revised cut-offs announced for all categories: Drops by 2 points for UR candidates, counselling dates soon

The National Testing Agency revised the NEET UG 2024 results on July 26th, following a Supreme Court directive. The updated results corrected a mistake in a Physics question. Revised scorecards and fresh merit lists were issued, along with new cut-offs for all categories. Notably, the cut-off for the unreserved category dropped by two points.

from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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Olympics’s cyber team braces for onslaught from hackers

A collection of government, private-sector and Olympic cybersecurity specialists have spent months preparing. The government’s agency, ANSSI, has identified 500 companies, organisations and facilities critical to the functioning of the Games, including local governments and operators in various sectors. They also have US allies alongside them.

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Making India an AI first nation — from classrooms to boardrooms

As technology advances, the governance of AI must evolve accordingly. In alignment with the ‘India AI Mission’ and ‘Viksit Bharat 2047’, it is essential for the public and private sectors to collaborate in democratising access to AI skills. Empowering communities at the grassroots level with AI fluency can drive innovation on a large scale, ensuring that the benefits of AI are widely accessible and impactful.

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Top startup and tech stories of the week

Welcome to a brand new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories from the week, including the top developments from the union budget. Let's take a look.

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A third of Mphasis' deal pipeline is AI-led: CEO

Mphasis, a mid-tier IT firm, clocked a 2.1% growth in Q1 net profit at Rs 404 crore. The company is seeing a major chunk of its deals being led by AI, CEO Nitin Rakesh told ET.

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SC verdict on NEET exam: students feel let down

The NEET-UG is the sole entrance exam for admission to undergraduate medical programmes in all medical institutions in the country, held annually. The Supreme Court has acknowledged that the paper was leaked in some centres but refused a retest for the exam. This has disheartened students, coaches and educational startups and institutions.

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OpenAI announces AI-powered search tool SearchGPT

OpenAI on Thursday said it is selectively rolling out SearchGPT, an artificial intelligence-powered search engine with real time access to the information from the Internet.

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China is closing the AI gap with the United States

While the United States has had a head start on AI development, China is catching up. In recent weeks, several Chinese companies have unveiled AI technologies that rival leading American systems. And these technologies are already in the hands of consumers, businesses and independent software developers across the globe.

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Agri Stack to cover six crore farmers by end of the year

Agri Stack is a database of Indian farmers, which contains their details like landholding, GPS coordinates of plots and the crops grown on them. As per an official in the agriculture ministry, this will cover 60 million farmers by the end of this fiscal year. Farmers will receive a unique ID through this.

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ETtech Opinion | Budget ringfences India growth story: Nykaa CEO Falguni Nayar

The Prime Minister’s package of five schemes and initiatives to accelerate employment, skill development and other opportunities for 41 million youth over the next five years with a central outlay of Rs 2 lakh crore has the potential to increase households' purchasing power.

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With 2% levy abolished, overseas digital companies can breath easy

Designed to provide a level playing field for Indian ecommerce companies liable to local tax laws, the levy had grown to be a major point of contention between India and the US with several affected entities based there.

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ETtech Opinion | Budget ringfences India growth story: Nykaa CEO Falguni Nayar

The Prime Minister’s package of five schemes and initiatives to accelerate employment, skill development and other opportunities for 41 million youth over the next five years with a central outlay of Rs 2 lakh crore has the potential to increase households' purchasing power.

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Kreditbee, Khatabook's domicile shift likely to pave way for IPOs

Valued at $700 million, Kreditbee flipping base to India will set the stage for a domestic initial public offering by the company — the key reason behind moving domicile here. Khatabook, another fintech backed by Y Combinator and Tribe Capital, has also begun work on moving its domicile to India from the US, sources briefed on the matter said.

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Exclusive: Amazon in deals talks with Swiggy for quick commerce business Instamart: sources

Early talks on; US ecommerce biggie looking for a buyout or stake via pre-IPO placement. Discussions may face multiple roadblocks, said sources in the know. Legacy ecommerce players like Amazon and Flipkart scouting for quick commerce assets amid rising consumption on rapid delivery platforms like Zomato’s Blinkit, Zepto and Swiggy’s Instamart.

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Litigation funding startups eyeing arbitration and insolvency resolution cases

A total of 7,567 companies across sectors were brought into administration until March end, according to the latest data from the Insolvency and Bankruptcy Board of India. As per the National Judicial Data Grid, more than 45 million cases are pending in courts across the country, including about six million cases in 25 high courts and 83,800 cases in the Supreme Court.

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ETtech in-depth: why concerns are rising over unqualified mental health advice on social media

The increase in unqualified online practitioners has sparked worries about the potential harm to those seeking assistance. Instagram accounts discussing mental health and wellness surged nearly 70% from 5,062 to 8,562 between 2022 and 2023, and have now reached 11,894. According to data from Qoruz, an influencer analytics and marketing firm that evaluated nearly 500,000 creators in India.

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App anxiety: why users are extra cautious while using apps meant for daily convenience

As more consumer internet companies use sneaky tactics like hidden fees and tricky subscriptions, users are feeling stressed and cautious when using everyday apps for convenience. These apps were meant to make life easier but now come with annoying surprises. According to the International Consumer Protection and Enforcement Network (ICPEN), at least 76% of sites and apps worldwide use at least one dark pattern, and 67% use more than one.

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ETtech in-depth: does India have the required manpower to become the electronics manufacturing powerhouse?

India's rapidly growing semiconductor industry needs more trained workers but the question remains do you have enough skilled labour in the semiconductor and electronic space? While some positions will be filled internally, the majority require fresh graduates, highlighting a significant skills gap in the industry. However, in the electronics manufacturing space, where India has seen momentum-shifting growth, the demand-supply gap for skilled workers is comparatively better.

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Italy probes Google over alleged unfair user data practices

Italy's antitrust authority stated that Google's method of obtaining user consent could restrict their freedom of choice. By prompting users to agree to the combined use of personal data across various Google services, the authority argued that Google's consent request might be misleading in commercial terms.

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Microsoft's CrowdStrike leaves business black and blue in India

A major global technology outage caused disruptions in India, affecting flights, hospitals, banks, and various businesses due to an erroneous Microsoft software update. CrowdStrike's update led to chaos, with airlines canceling flights and organizations resorting to manual processes. Calls for reducing reliance on a few global technology providers arose.

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ETtech Explainer: How a faulty Microsoft Windows update by CrowdStrike led to havoc

Microsoft's Windows devices experienced a severe outage on Friday due to a faulty update by CrowdStrike, a Texas-based cybersecurity company that manages end-point security for various companies. CrowdStrike's update, intended to increase protection features, ran into a conflict with Microsoft's cloud service infrastructure, causing devices to display the blue screen of death message.

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Elon Musk congratulates PM Modi on being most followed world leader on X

Earlier this week, when this milestone was reached, Modi said on X: "A hundred million on @X! Happy to be on this vibrant medium and cherish the discussion, debate, insights, people's blessings, constructive criticism and more."

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Centre eyes multiple ways for age-gating, seeks views

Senior officials from the ministry of electronics and information technology met industry executives from big tech companies, startups and some industry associations on Thursday to discuss the best possible ways to determine the correct age of under-18 users and obtain necessary verifiable parental consent, as per the provisions of the DPDP Act.

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ONDC corners 3% of order volumes of Swiggy, Zomato

As per sources, ONDC facilitates 60,000 orders per day in the food domain, capturing 3% of the total order volumes managed by Swiggy and Zomato across India individually who receive 20 lakh orders each. Its total order volumes touched around 4 lakh orders in a day which includes mobility bookings as well.

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Infosys beats PAT and revenue estimates, dials up outlook

A strong revenue expansion of 3.7% YoY during the period prompted the second-largest software exporter to forecast growth of 3-4% for FY25 against its earlier guidance of 1-3%. “We had a strong performance in Q1 on large deals and financial services in the US is seeing early signs of improvement," said CEO and MD Salil Parekh.

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Govt eyes Big Tech, startups meet over DPDP Act age-gating

The provisions of the DPDP Act 2023 state that all users below the age of 18 will be considered as children. Such users, the Act states, must obtain verifiable parental consent for using social media and a host of other services provided by internet intermediaries.

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US online sales hit $7.2 billion on first day of Amazon Prime Day event: Adobe

Adobe Analytics reports $7.2 billion spent during the first day of Prime Day. Walmart, Target competed with deep discounts. Amazon's market share increased with many delivery orders.

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Fintech startup Multipl raises $1.5 million funding in round led by Blume Ventures, MIXI Global Investments

Fintech startup Multipl raises $1.5 million in funding to enhance its platform and introduce new features. It last raised $3 million in May 2022 in a round led by Blume Ventures, GrowX Ventures, IIFL, and Kotak Securities.

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Tekion Corp raises $200 million in funding at valuation of over $4 billion

Tekion Corp raised $200 million from Dragoneer at a $4 billion valuation. The firm has raised $640 million till date from the likes of General Motors, BMW I Ventures, Exor, Hyundai and Airbus Ventures, among others.

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ADIF, PHDCCI partner to boost Indian startup, innovation ecosystem

ADIF and PHDCCI signed a two-year MoU at PHD house, New Delhi, to foster startups. Prateek Jain highlighted digital entrepreneurship and independent thinking. The partnership includes workshops, training, seminars. Ranjeet Mehta aims to enhance startup quality, positioning India as a global leader in a holistic, architecting innovation ecosystem.

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GoMechanic achieves operational profit in April-June; FY24 revenue hits Rs 210 crore

GoMechanic, acquired by Servizzy in March 2023, achieved profitability by June 2024. Led by Himanshu Arora and Muskan Kakkar, it reported Rs 210 crore annual revenue and Rs 11.2 crore from accessories. The company introduced luxury, EV, and extended warranty programs and aims to expand to 1,000 cities by 2027, currently servicing 30,000 cars monthly.

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Who are the big guns fuelling AI?

From top companies such as Google, Microsoft, Apple, Nvidia to Salesforce and AMD, no one wants to be left behind in the AI race. Here’s a deeper look into who are the big guns making strategic bets on GenAI and what are their key investments.

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MeitY may ask MCA to keep ex-ante out of Digital Competition Bill for now

The Ministry of Electronics and Information Technology advises excluding the ex-ante provision from the Digital Competition Bill. Stakeholders, including IAMAI, Nasscom, and The Dialogue, oppose it as burdensome. A senior official notes widespread opposition. Further consultations are advised. Concerns include compliance for significant digital enterprises, dominance control, and its impact on venture investments in tech startups.

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Google parent in advanced talks to buy cybersecurity startup Wiz for $23 billion

Alphabet is negotiating to acquire U.S.-Israeli cybersecurity startup Wiz for $23 billion. This would be its largest acquisition amid regulatory scrutiny. Wiz, generating $350 million revenue and serving 40% of Fortune 100 companies, valued at $12 billion. Discussions are confidential and follow Alphabet's decision not to acquire HubSpot. Neither company provided comments.

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CLAT 2025 application begins on July 15 at consortiumofnlus.ac.in: Check list of participating institutes

C-NLU's CLAT 2025 applications start July 15, 2024, closing October 15, 2024. Exam offline on December 1, 2024, 2:00-4:00 PM, extended till 4:40 PM for PwD. Fees: Rs 4,000, Rs 3,500 for SC, ST, PwD, BPL. Apply at consortiumofnlus.ac.in. Institutes: WBNUJS Kolkata, NLU Jodhpur, HNLU Raipur, GNLU Gandhinagar.

from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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OSSC CHSL Admit Card 2024 out at ossc.gov.in, direct link to download here: Check exam pattern, selection process

Download your OSSC CHSL admit card now at ossc.gov.in. For 673 vacancies, the exam is scheduled for July 21, 2024. Remember to carry your admit card and valid ID. The selection process includes Prelims, Mains, and Certificate Verification. The Prelims cover Arithmetic, Data Interpretation, etc., including General Mental Ability and Computer Awareness. Find full download instructions and avoid negative marking.

from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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JIPMAT Result 2024 declared at jipmat.nta.ac.in: Direct link to download scorecards

NTA released JIPMAT 2024 results for the June 6 exam. 12,207 candidates participated and can access scorecards online. The CBT exam, featuring 100 questions, is vital for IIM Bodh Gaya and IIM Jammu admissions. Held at 101 centers in 73 cities, candidates could raise objections for Rs 200 per question regarding the final key.

from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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Germany to ban Chinese giants from 5G network

German officials said their telecom networks must be protected from cyberattacks, calling it an “existential threat”. Officials added that they have reached agreements with 5G network operators in the country. Huawei responded saying there was “no specific evidence” that the technology has “cyber security risks”.

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ETtech In-Depth | The art and tech of business of prompts

Digital artists are leveraging AI prompts to enhance their income by selling unique prompts on various online marketplaces. Prompt engineering plays a crucial role in translating human intent into AI-generated art. Competition in the market is increasing, challenging artists to stay innovative.

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HCLTech Q1 net profit up 6.8% at Rs 4,257 crore; beats estimates

HCLTech's profit rose 6.8% to Rs 4,257 crore, driven by $70 million non-core income. EBIT, revenue declined. TCS earnings boosted stocks. CEO Vijayakumar noted Q2 State Street impact, steady FY25 guidance. Dividend declared. Headcount fell by 8,080, Q3 margins to improve. $1.96 billion bookings, 200 GenAI concepts. CFO Prateek Aggarwal cited robust cash flow. Shares closed at Rs 1560.40.

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US court rejects challenges to FCC approval of SpaceX satellites

A U.S. appeals court has upheld the FCC's approval of SpaceX's plan to deploy thousands of Starlink satellites for broadband internet. Challenges from DISH Network and astronomers were rejected. SpaceX aims to expand its satellite network for wider internet coverage.

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All that SaaS; AI woes

Happy Friday! Goldman Sachs is likely to increase its stake in SaaS startup MoEngage. This and more in today’s ETtech Morning Dispatch.

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Goldman Sachs nears $30-50 million MoEngage deal in signs of SaaS deals comeback

Goldman Sachs targets $35-50 million in MoEngage via secondary transaction. MoEngage, valued at $700 million in 2022 led by Goldman and B Capital, has clients including Flipkart. IFC invested in Innovaccer; Whatfix by Warburg Pincus; Icertis, SoftBank. Atlan received funds from GIC, Meritech. Noteworthy: Eight Roads Ventures, SaaS valuation multiples, Bessemer Venture Partners.

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Circuit House Technologies raises $4.3 million in funding round led by Stellaris, 3one4 Capital

Varun Alagh of Mamaearth and Tracxn’s Abhishek Goyal also participated in the funding for the consumer electronics maker, which was started by Xiaomi India chief business officer Raghu Reddy.

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Indkal Technologies inks licensing pact with Acer to design, produce smartphones

The consumer electronics startup will begin by manufacturing a million smartphones under the Acer brand, which will later be scaled up. Currently, the firm designs, manufactures, sells, and services ACs, refrigerators, and washing machines for Acer and Black & Decker.

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Food deals on investor menu as VCs hunger for F&B companies

Coffee, burgers, dosas and other brands scoop up new capital. Venture funds are investing in brands like FirstCoffee, AbCoffee, Café Amudham, Curefoods' Eatfit, Cakezone, aided by Sujeet Kumar, Binny Bansal. Curefoods seeks Rs 100 crore expansion.

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Centriti raises Rs 6 crore in funding round led by Emergent India Ventures

The B2B e-procurement platform works with 120 hotels and restaurants, including Taj Hotels, Oberoi Hotels, Accor Group, Barbeque Nation, and Chai Point in Delhi, Bengaluru, and Jaipur. It plans to expand to Goa, Hyderabad, Kochi, and Chennai in the next couple of years.

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Influencers back to brand deals as their paywall push fails

Influencers on Instagram and Amazon struggle to monetize via subscriptions and virtual gifting, relying heavily on brand partnerships. The Instagram subscription feature faces challenges in India, and virtual gifting fails to boost income. Anurag Iyer of BigBang.Social and Ankit Panicker of Pocket Aces highlight brand collaborations, while Amazon's Live includes 600 content creators influencing 18,000 creators.

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India needs to work on infra, ecosystem to be a semicon hub: Dy mayor of New Taipei City

Deputy Mayor Chu Tih Ju, at Taiwan Expo 2024, urged India to enhance infrastructure and connectivity to boost its manufacturing ecosystem. Taiwan, a major semiconductor and electronics producer, saw $8.2 billion bilateral trade with India last year. TAITRA Chairman Huang noted 28% trade growth in 2024, emphasizing the adherence to local laws.

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Focus on autonomous vehicles, EU expansion drive KPIT’s growth

Despite global challenges like supply chain issues and the rise of AI, KPIT Technologies has continued to grow, CEO Kishor Patil told ET. This is due to the company's smart investments in areas like EVs and self-driving cars, along with their timely expansion into European markets, he added.

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Ex-defence secretary Ajay Kumar joins VC play with early-stage fund

Ajay Kumar, a former bureaucrat who retired as India’s defence secretary in 2022, has set up a new venture fund, Mounttech Growth Fund, to back early-stage startups. The Rs 250-crore fund has secured approval from Sebi. The fund will look to back startups in the space, aerospace, and deep tech sectors.

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WBJEE Counselling 2024 Kicks Off July 10th: Schedule, Deadlines & How to Apply

WBJEE counselling 2024 begins on July 10th. Check the complete schedule for key dates including registration, choice filling, seat allotment, and fee payment across three rounds and a mop-up round. Applicable to WBJEE and JEE Main qualifiers, the online process allows candidates to choose engineering, technology, and architecture programs at universities and colleges in West Bengal. Be mindful of deadlines, as the schedule is subject to change.

from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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CLAT 2025 Registration Opens July 15: Check exam date, pattern, selection process, and more

The application window for CLAT 2025, the entrance exam for top law schools in India, opens July 15th, 2024. The exam will be held on December 1st. This article details the registration process, eligibility criteria, exam pattern, and selection process. Key points include the online application, pen-and-paper exam format, and multi-stage selection involving counselling and document verification.

from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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Spiritual apps get blessed with more users, investors post Covid

Post-pandemic spiritual and astrology apps have experienced a significant resurgence, benefiting from increased online engagement and a growing interest in spiritual practices. Startups such as Vama.app are seizing this opportunity by offering virtual pujas, temple darshans, and astrology services, marking a notable shift in consumer behaviour towards digital spiritual experiences.

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Talen asks US regulators to reject challenge to Amazon data center deal

Talen Energy defends its Amazon data center deal against claims by utilities, stating it won't raise power costs or affect grid reliability. The dispute could set a precedent for future data center agreements. FERC's decision pending.

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Elon Musk suggests late Twitter disclosure was a mistake, seeks to end lawsuit

Elon Musk seeks to dismiss lawsuit from former Twitter shareholders over delayed stake disclosure. Shareholders claim he saved $200 million by waiting to reveal his 9.2% ownership. Musk denies fraud allegations, stating it was a mistake. SEC also looked into his Twitter stock purchases. Lawsuit led by Oklahoma pension fund.

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Top startup and tech stories this week

Welcome to a brand new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories that we covered this week. Here’s a recap if you missed them.

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Rise & rise of secondary deals; advantage desi data centres

Happy Friday! Total funding raised by Indian startups fell in the first half of 2024, but late-stage activity showed signs of revival, as per data. Decoding this and more in today’s ETtech Morning Dispatch.

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Telangana in talks with CDAC to set up 20 petaflops compute capacity in Hyderabad

Telangana has requested the IT ministry to establish compute capacity in the proposed AI city in Hyderabad under the National Supercomuting Mission, saying that the Centre for Development of Advanced Computing (CDAC) has shown interest for the same. If the government agrees, some land will be given to them to set this up, Telangana IT secretary Jayesh Ranjan told ET.

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Odisha govt forms committee to prepare plan for offering medical education in Odia language

Odisha government forms committee to plan medical education in Odia language as per BJP promise. Committee led by OUHS vice-chancellor to identify course books for translation. Students to have option of studying in Odia. Progress underway for language promotion in medical studies.

from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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Tech-first brokers hit a snag; Foxconn’s Bharat FIH in trouble

Happy Thursday! Online stock brokers, who used low fees to attract customers, now face an uncertain future with Sebi’s new rules. More on this in today’s ETtech Morning Dispatch.

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Social media companies list out worries as Centre readies data protection law

Social media platforms have said that undoing behavioural tracking of children and targeted advertisements are among the biggest concerns they have with the new data law the government is prepping. The companies are voicing their concerns as rules of the Digital Personal Data Protection (DPDP) Act will be released soon.

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AIAPGET 2024 Admit Card Released at exams.nta.ac.in: Direct Link

The National Testing Agency (NTA) has released the admit cards for the All India Ayush Post Graduate Entrance Test (AIAPGET) 2024, which is set for 6th July 2024. Candidates can download their admit cards from the official website using their application form number and date of birth. The admit card is provisional, subject to eligibility verification. For any issues, candidates can contact the NTA Help Desk or email the agency.

from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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India’s bid to make GPAI as AI regulator gets global support

India has emerged successful in making the Global Partnership on Artificial Intelligence (GPAI) the leading platform for international cooperation on AI governance. This includes establishing regulations and a unified global framework for responsible AI development and implementation.

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Global firms buy PB Fintech stakes from early backers

Foreign portfolio investors (FPIs) have lapped up shares in Gurugram-based listed fintech firm PB Fintech, as its founders and early investors sold their shares, in full or in part, in multiple tranches. These transactions happened through bulk deals when several early-stage investors of the company exited the firm fully or partly after 2021, when it went public.

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Karnataka losing out in manufacturing race; CXO churn in startups

New-age companies are choosing to set up manufacturing facilities in neighboring states like Maharashtra and Tamil Nadu, bypassing Karnataka. More on this in today's ETtech Morning Dispatch.

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Govt websites, apps set to get an accessibility reboot soon

The ministry of electronics and information technology will anchor this project and suggest ways to improve page and website loading times, have better user interfaces on websites and apps, and make them more accessible for people with disabilities, an official said.

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CXO-level shifts rearrange top deck at Indian startups

The world of startups witnessed a series of top-level movements in the first half of 2024, including Naveen Tahilyani taking the helm as CEO of Tata Digital and the resignation of Surinder Chawla, managing director and chief executive officer of Paytm Payments Bank.

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Strong ER&D demand helps IT buck overall soft hiring trend

India's $250 billion IT services industry is facing sluggish hiring, but a bright spot is emerging in Engineering, Research & Development (ER&D). Demand for ER&D services is surging, driving a 15% increase in recruitment for these roles. Staffing firms report that tech companies are ramping up ER&D hiring to stay competitive in the global market.

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