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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