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.

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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.

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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.

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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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Indians flying high in Silicon Valley. Destination: C-Suite

Indian talent has permeated the upper echelons of the US tech industry. While individuals like Satya Nadella and Sundar Pichai garner significant attention, a deeper dive reveals a robust pipeline of Indian-American leaders poised to shape the industry's future.

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Some IT midcap CEOs earn more than counterparts at larger companies

Coforge, which filed its annual report last week, said its CEO’s remuneration increased 209.63% in FY24 compared to FY23, largely because of stock options that were worth over Rs 88.55 crore. Salil Parekh, chief executive of Infosys, earned Rs 66 crore ($7.8 million), placing him at the fifth place in the pecking order.

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Ola drawing up a route map to join quick commerce party

With Ola Electric preparing to list on the bourses later this week, CEO Bhavish Aggarwal is simultaneously sharpening his focus on the cab-hailing business, planning its quick commerce foray. Ola Cabs parent ANI Technologies is planning to set up dark stores amid rising demand for quick deliveries, people in the know told us.

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Microsoft blames Delta for its struggle to recover from global cyber outage

Last week, Delta's CEO Ed Bastian told CNBC that while the airline heavily relies on Microsoft and CrowdStrike, both tech companies had failed to deliver an "exceptional service." In the interview, he also said that Microsoft had the "most fragile platform."

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Medtech startup SigTuple raises $4 million from Sidbi Venture Capital, others

The startup, which specialises in digital microscopy solutions powered by AI and robotics, has raised $50 million to date. The new capital will be used for the company's geographical expansion plans, to broaden product portfolio, and support regulatory clearances, the company said.

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Mobile wallet transactions on slippery slope as UPI rises

Even before the Unified Payments Interface (UPI) was born, India’s retail payments story had gone digital, riding on mobile wallets. These were prepaid payment instruments that needed to be loaded and could be used to pay each other and scan QR codes. But these wallets are dying with reduced adoption.

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Xerox pencils $355 million as tech spends for 7-year TCS deal

Xerox disclosed in a filing in the US that it has a commitment with Microsoft for $125 million and with SAP for $45 million for the same duration under this multi-party agreement.

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FirstCry raises Rs 1,886 crore from anchor investors

The shares of Brainbees Solutions, which operates omnichannel kidswear brand FirstCry, were allocated at the upper end of the IPO price of Rs 465 a share to the government of Singapore, ADIA, Nomura, Fidelity, SBI Blue Chip Fund, SBI MF, ICICI Pru MF, HDFC MF, Kotak Mahindra MF, Goldman Sachs Funds, SBI Life, Nordea Asset Management, Max Life, Norges Bank, PSP, and Carmignac, among others.

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Sauce VC logs final close of third fund at Rs 365 crore

Consumer-focused venture investor Sauce VC, which has invested in new-age brands like luggage maker Mokobara, has announced the final close of its third fund at Rs 365 crore, against a target corpus of Rs 250 crore. Founder and managing partner Manu Chandra told ET that the fund received demand for subscriptions amounting to about Rs 700 crore.

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SaaS star Postman sees 30-40% cut in value in secondary deals

Software-as-a-service (SaaS) startup Postman has made secondary deals in recent weeks at a steep 30-40% discount to its peak valuation., people in the know told ET. Some of Postman's existing investors, including Nexus Venture Partners and Bond Capital, have bought the shares on offer. This comes as data shows a significant fall in SaaS investments across company stages.

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Govt offers tech aid to account aggregators facing fraud deluge

The account aggregator (AA) ecosystem is facing the threat of cybercriminals, with fraudsters gaming their systems to access customer data and details of their bank accounts. Some of the large account aggregators like Perfios, Finvu, Cams Finserv, and NeSL Asset Data Limited have shut down certain features like balance enquiries and details of the customer profile on their consumer-facing applications.

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Apple asks judge to toss antitrust lawsuit

Apple was accused of an illegal monopoly on smartphones, allegedly maintained by imposing contractual restrictions on, and withholding critical access from, developers. Apple also argued that the lawsuit fails to raise any evidence that its practices harm competition or consumers, who it says plausibly switch to a competitor if they dislike what iPhone features.

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DGGI ends FY18 GST proceedings against Infosys

Three days after Infosys acknowledged receipt of a notice for alleged evasion of over Rs 32,000 crore in integrated goods and services tax (IGST) between July 2017, when the levy was rolled out, and FY22. “The company had received and responded to a pre-show cause notice issued by DGGI for the period July 2017 to March 2022,” the company said in the Saturday exchange filing.

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The Godfather neutralised, but malware mafia alive and kicking

Long after end to CrowdStrike update-triggered outage, cyber mob is still holding companies to ransom via remote access, data wipers. Cybercriminals were quick to exploit the chaos caused by the CrowdStrike crisis and send remote access or data wiper malware through phishing emails, which are then used as a ransom tactic.

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Essar Group-backed IT systems integrator Black Box raises Rs 410 crore

Black Box counts Amazon, Google, Microsoft as its clients and will use the capital to expand data centre services to hyperscalers, multi-tenant data centre operators and large enterprise data centre, as well as connectivity and networking infrastructure.

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ER&D companies face headwinds in new twist

After twelve consecutive quarters of growth, the cumulative workforce of five leading pure-play ER&D companies fell to 77,560 by June, highlighting the industry's cyclical nature compared to technology outsourcing, which is now starting to create jobs and improve campus placements.

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Apple asks US judge to toss antitrust lawsuit

The Justice Department, 19 states and Washington, D.C., accuse Apple of an illegal monopoly on smartphones maintained by imposing contractual restrictions on, and withholding critical access from, developers.

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