Amazon's move, the largest seller fee reduction till date, will be applicable across more than 135 product categories including apparel, shoes, jewellery, grocery, home décor, beauty, toys, and kitchen products. Currently, referral fees – a commission sellers pay Amazon on each sale – range from 2% to 16% in these categories.
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Sunday, March 23, 2025
Saturday, March 22, 2025
CUET UG 2025 registration deadline extended till March 24, check 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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India’s IT sector treads the tightrope between tariff wars and recession fears
India's software services exporters face uncertainty as global tariff wars, particularly from the US, and economic concerns impact growth prospects. While demand from key sectors like BFSI showed early recovery, fears of recession, rising costs, and AI adoption challenges could dampen prospects. Hiring trends are increasingly centred around AI-related skill
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Friday, March 21, 2025
Top tech and startup 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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Civil society seeks rollback of DPDP changes to RTI Act
Over 30 civil society groups launched a campaign to revoke a provision in the Digital Personal Data Protection (DPDP) Act that amends the RTI Act. They argue it limits access to crucial information, hindering transparency, accountability, and media freedom, while also threatening privacy rights and government oversight.
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Leap of faith: Spiritual apps on global quest
Devotional apps like AppsForBharat, Vama.App, and Utsav expand globally, targeting the Indian diaspora with digital rituals and ecommerce. Fueled by Maha Kumbh’s surge, they drive growth through engagement and venture capital funding.
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Thursday, March 20, 2025
Eye on AI, tech companies rejig top deck, plan structural overhaul
India’s IT services sector is undergoing leadership and structural changes due to AI’s rising influence and a tough business environment. Several companies appointed new CEOs, revamped roles, and restructured operations to enhance efficiency and remain competitive.
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Wednesday, March 19, 2025
Fintech sees early green shoots as growth-stage deals pick up
The fintech investment landscape is reviving, with growth-stage deals attracting over $550 million in 2025. Regulatory clarity, emerging wealth-tech opportunities, and major IPOs from firms like PhonePe and Groww are boosting investor confidence in the sector.
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Tuesday, March 18, 2025
‘Meta will launch community notes-based fact checker in the US first’, says company's senior executive
Meta will replace third-party fact-checking with community notes in the US first, delaying global rollout until 2026. Meta’s Joel Kaplan emphasised AI innovation, regulatory clarity, and India’s potential in open-source AI development.
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Monday, March 17, 2025
AI influencers are here: Turning social media into profit
Since ChatGPT's 2022 release, AI-focused creators have surged on social media, sharing insights and content on tools, models, and AI developments. Many have turned this into profitable ventures, earning through newsletters, masterclasses, and brand collaborations. Platforms like X and LinkedIn offer good opportunities, especially for niche, professional audiences.
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Hit a regulatory bump? Interministerial panel set up to address fintech troubles
The government has formed an inter-ministerial committee to address fintech industry challenges, balancing innovation with regulation. It includes key regulators and fintech leaders, aiming to analyze sector growth and propose policy recommendations within three months.
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Sunday, March 16, 2025
Exporters take wind out of shippers’ sails
Worried by the uncertainty from the US' incoming tariffs, exporters in sectors like electronics, gems, jewellery, apparel, and footwear are facing various logistical challenges to speed up deliveries by air, instead of using their usual shipping methods.
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Saturday, March 15, 2025
PSPCL extends apprenticeship application deadline for lineman trade to April 17
from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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Uber in early discussions with EV ride-hailing startup BluSmart for a possible acquisition
Uber is in early talks to acquire BluSmart Mobility, boosting its electric cab presence in India. The move comes amid Gensol Engineering’s financial troubles, increasing competition, and Uber’s strategic focus on the mobility sector.
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Friday, March 14, 2025
TSPSC Group 3 result 2025 declared at tspsc.gov.in: Check 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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Intel's new CEO to receive $1 million as base salary
The company named Tan as the CEO on Wednesday, tasking the industry veteran to lead a faltering transition to a successful chip manufacturing firm as well as chip design house. He will take charge on March 18.
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Thursday, March 13, 2025
Venture firm 3one4 Capital returns entire first fund capital to sponsors
3one4 Capital fully returned its first fund’s capital, with unrealised returns set for 4x gains. The 2016 fund backed startups like Darwinbox and Licious. The firm has exited multiple investments and anticipates IPOs from key portfolio companies.
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JPMorgan engineers' efficiency jumps as much as 20% from using coding assistant
The efficiency gains from the coding assistant will also allow JPMorgan's Indian centres to devote more time to high-value projects focusing on artificial intelligence and data, said Lori Beer, global chief information officer, JPMorgan Chase.
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Wednesday, March 12, 2025
Safe harbour regime is a big hurdle in GCC growth path, say experts
Experts urge reforms in India’s transfer pricing laws to boost Global Capability Centres (GCCs). They recommend a flexible safe harbour regime, tax incentives, single-window clearances, and talent development to enhance India’s competitiveness and attract more GCC investments.
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Musk-led cuts drive US consumer protection agency to ask for Amazon trial delay
The FTC requested a trial delay in its Amazon Prime lawsuit, citing severe resource shortages due to Trump-era cuts. Amazon denies wrongdoing. The judge asked for a written request by Friday.
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Tuesday, March 11, 2025
Energy storage startup AmpereHour Energy raises $5 million from Avaana Capital
AmpereHour Energy raised $5 million from Avaana Capital and UC Impower to expand manufacturing, R&D, and product development. The startup, specialising in energy storage, aims to scale capacity to 1 GWh in 18 months amid rising industry demand.
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Monday, March 10, 2025
Apple preparing for a major software overhaul: Report
The revamp, which is loosely based on Vision Pro's software, would include a style update of icons, menus, apps, windows and system buttons, the report said. Vision Pro is Apple's mixed-reality headset.
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Sunday, March 9, 2025
ET Corporate Awards | At the core, our startup DNA still continues: Zomato CFO Akshant Goyal
While receiving the Emerging Company of the Year award at The ET Awards for Corporate Excellence in Mumbai, CEO Deepinder Goyal said Zomato is a unique business in India, in terms of the amount of direct and indirect employment the business creates.
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Saturday, March 8, 2025
5G’s cosmic ring: Unlocking global connectivity with non-terrestrial networks
Satcom is answering the call for enhanced connectivity, but are India’s 5G non-terrestrial networks ready to take off? The integration of 5G NTN could revolutionise connectivity, enabling remote services and opening new revenue streams for telecom players, though challenges remain in scaling and profitability.
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Friday, March 7, 2025
Top tech and startup 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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US to hold hearing on China's efforts to boost semiconductor industry
The investigation, initiated by former President Joe Biden in December, seeks to safeguard American and other semiconductor manufacturers from China’s extensive state-led expansion of its domestic chip supply.
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Thursday, March 6, 2025
Razorpay enters Singapore; targets $5 billion in payment volume from Southeast Asia over two years
The digital payments firm currently processes around $1 billion in TPV in Southeast Asia, said cofounder and MD Shashank Kumar.
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Blinkit, Zepto hike commissions to boost per-order earnings
Blinkit and Zepto are raising commissions to boost revenue amid competition and investor concerns. Zepto’s hikes align with its IPO plans, while Blinkit is shifting to a variable model. Both firms continue aggressive expansion despite increased cash burn and market pressures.
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Public sector banks eye fintech tie-ups for MSME loans
Public sector banks are strengthening fintech partnerships to boost MSME lending amid a government push. Co-lending models and digital solutions are driving growth, though operational challenges remain in scaling supply chain financing.
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Wednesday, March 5, 2025
Founders on a second innings: For some, it’s a venture out; for others, a point to prove
Amid a tech and venture capital reset, many founders have left their startups to launch new ventures, leveraging past experience and networks. Emerging sectors like AI and deeptech are attracting entrepreneurs seeking fresh opportunities.
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SpaceX aims for Thursday Starship test flight
Elon Musk's SpaceX is now aiming for Thursday to conduct the next test flight of its massive Starship rocket, following a last-minute cancellation on Monday.
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Tuesday, March 4, 2025
Lenskart’s Peyush Bansal charts global expansion amid IPO buzz
Lenskart CEO Peyush Bansal highlighted that, although discussions about an IPO are ongoing, the company is primarily focused on growth and maintaining consistency with customers, which is crucial for long-term success.
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Monday, March 3, 2025
Quick commerce sector burning Rs 5,000 crore per quarter: Zomato CEO Deepinder Goyal
Quick commerce player Blinkit accounts for 2-3% of the industry cash burn but has a 40-45% market share. Its focus is on sustaining growth while ensuring discipline in cash allocation for investment, said the CEO of Blinkit’s parent, Zomato.
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IN-SPACe proposes tech consortium to steer auto industry towards ISRO’s sensors
However, to make this a reality, the high prices of ISRO’s sensors need to be cut to a tenth. According to IN-SPACe chairman Pawan Goenka, to achieve this goal, an entirely different production process needs to be put in place.
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Apple defeats US consumer lawsuit over iCloud storage, for now
U.S. District Judge Eumi Lee in San Jose, California, on Friday said the plaintiffs in the class action had not shown Apple violated federal or state antitrust law. However, she ruled they could amend their complaint and refile it.
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Corporate payments fintech startup Ramp valued at $13 billion after share sale deal
The five-year-old startup hit the new valuation as it sold $150 million worth of its secondaries to investors including Singaporean wealth fund GIC, Thrive Capital, Khosla Ventures and General Catalyst, Ramp said in a statement on Monday.
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Sunday, March 2, 2025
Together eyes final close of Fund-II by June to up AI play
Venture capital firm Together Fund expects to close its $150 million Fund-II by June and ride India's artificial intelligence (AI) wave. Founded in 2021 by Freshworks founder Girish Mathrubootham and Eka Software founder Manav Garg, Together plans to focus on AI through its second fund and support 19-20 firms in the segment.
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Saturday, March 1, 2025
Tech to let you hear the future: AI-driven sound innovation
Shyam Gollakota, a professor at the University of Washington, is using AI to enhance how we hear and interact with sound. The technology can isolate individual sounds, place it in a spatial context, and control what the listener hears, improving auditory experiences.
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Fair Winds: TCS to navigate challenges with AI and emerging opportunities
TCS had its share of ups and downs in the last 12 months, but what lies ahead for the $29-billion IT giant in 2025? As the company faces increasing competition and a changing market, opportunities in AI, digital transformation, and deal consolidation could steer its growth.
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Friday, February 28, 2025
Ola's AI venture runs into human (resources) glitch
Most of the exits took place between March and November 2024, some quitting within a year of joining the firm and a few leaving in a matter of months. ET reported last year that Ravi Jain, who was brought in from Ola Electric in May 2023 as business head, had left the firm. Jain's LinkedIn shows he quit in November.
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Top tech and startup 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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US court finds Byju Raveendran, Think & Learn, company directors guilty of fraud
According to the lenders' statement, the court confirmed that several fund transfers from Byju’s Alpha were fraudulent and constituted theft. It also ruled that Riju Ravindran breached his fiduciary duties as a director of Byju’s Alpha.
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Thursday, February 27, 2025
Bharat BillPay turns to education; From archives to AI
Happy Friday! Education sector has emerged as the next major opportunity for NPCI BharatBillPay. This and more in today’s ETtech Morning Dispatch.
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NPCI's Bharat BillPay spots a big opening in education fee payments
NPCI Bharat BillPay sees digitising education fee payments as a major opportunity, aiming to onboard schools and colleges onto its Bharat Connect platform. Government initiatives and fintech partnerships are driving adoption, promising efficiency and transparency in institutional payments.
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Wednesday, February 26, 2025
EU's AI policy pivot due to overall sense of overregulation: Michael McNamara
The EU recently withdrew its AI Liability Directive, which was first proposed in 2022 and proposed to penalise offending organisations for causing harm through AI systems. The European Union's AI regulation came into effect in August 2024, with various provisions of the Act coming into effect through 2025 till 2027.
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HD Hyundai Heavy Industries looks to build shipyard in India; scouting for locations and tie-ups
South Korea’s HD Hyundai Heavy Industries is exploring shipyard locations in India, visiting Tamil Nadu and negotiating with Andhra Pradesh and Maharashtra. The move aligns with India's shipbuilding expansion, aiming for global market growth and technology collaboration.
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Uber’s private car ride-share service starts from Assam
The service will begin in Assam, with women and army veterans as drivers, serving as a case study for Uber to pitch it to other states. Globally, including the US, the UK and Australia, Uber is permitted to onboard private car owners as taxi operators, something that the company has been pushing for in India as well.
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Infosys pay hikes
Infosys rolls out salary revision letters with 5-8% average hikes.
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Tuesday, February 25, 2025
ETtech Explainer: How is Sonnet 3.7 hybrid reasoning model different from rest of AI pack?
Claude 3.7 Sonnet, which comes after Claude 3.5 Sonnet in Anthropic's family of models, is an ordinary LLM and a reasoning model rolled into one. Some commentators and early testers on X called the model “amazing for programming” and “the best coding AI model”. It has been made available on coding platform GitHub and on AI-powered search engine platform Perplexity AI.
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CBSE Class X students can skip subjects, retake exams under new norms
from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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Monday, February 24, 2025
ET Graphics: Majorana I, Willow and new frontiers of quantum computing
The groundwork for quantum computing was laid in the early 1980s when physicists Richard Feynman and David Deutsch discovered that by applying quantum mechanics laws, these computers could outperform traditional ones.
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‘India has potential to be a global player in quantum matter research’
Vedika Khemani, associate professor of physics at Stanford University, tells Puran Choudhary that India could be a global player in quantum matter research if it invests in its potential
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Seeking the right model: What's keeping India from building its own LLMs
Swathi Moorthy and Annapurna Roy look at the major bottlenecks in building Indian foundational models and what’s needed to bolster the innovation ecosystem
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Flipkart’s Super.money acquires BharatX’s tech, key team members to expand credit offerings
This deal does not involve a full acquisition of BharatX, a Y Combinator-backed fintech credit startup, given its existing credit-related liabilities.
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Sunday, February 23, 2025
Battery-swapping companies cash in on quick commerce’s EV turn
The increasing adoption of electric vehicles for last-mile deliveries in quick commerce is driving business for startups focused on charging infrastructure and battery-swapping services. Platforms like Blinkit, Zepto, Swiggy Instamart, and Flipkart’s Minutes, which compete in the fast-growing but highly competitive quick commerce market, are turning to EVs to cut delivery costs.
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Meta lays off 3,600 workers—Then hands execs up to 200% in bonuses
Meta has increased executive bonuses to 200% of their base salary while laying off 3,600 employees, citing “low performance.” The decision, justified as an alignment with industry standards, has triggered backlash online. Many accuse Meta of prioritising top executives over workers. Former employees claim layoffs were more about cost-cutting than performance. While some acknowledge the pay hike as standard practice, the timing has raised serious ethical concerns about Meta’s treatment of its workforce.
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Saturday, February 22, 2025
UGC NET December 2024 cut-offs announced: Check qualifying criteria for key subjects and more
from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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UGC NET December 2024 result out, over 1.14 lakh candidates qualify for PhD admissions: Direct link to check here
from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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Officials are fired at traffic safety agency investigating Elon Musk's company
The National Highway Traffic Safety Administration has three active investigations of Tesla, according to agency documents, including one examining whether the company's autonomous driving software is prone to failure when visibility is poor.
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OpenAI CEO Sam Altman welcomes baby boy, expresses ‘never felt such love’
“Welcome to the world, little guy! He came early and is going to be in the NICU for a while. He is doing well and it’s really nice to be in a little bubble taking care of him. I have never felt such love,” Altman posted on X.
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Friday, February 21, 2025
OpenAI uncovers evidence of AI-powered Chinese surveillance tool
Ben Nimmo, a principal investigator for OpenAI, said this was the first time the company had uncovered an AI-powered surveillance tool of this kind. "Threat actors sometimes give us a glimpse of what they are doing in other parts of the internet because of the way they use our AI models," Nimmo said.
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Top tech and startup 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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GCCs evolve beyond IT, ramp up hiring for specialised tech
Global Capability Centers (GCCs) are evolving beyond IT functions, prioritizing innovation and domain expertise. Hiring for specialised tech roles in BFSI, healthcare, retail, and manufacturing is rising, with a focus on AI, cloud, and automation-driven solutions.
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RBI move to formalise debt collection may complicate recovery, say experts
In a notification issued on January 17, the central bank said transactional calls by banks, mutual fund companies and other such financial service providers should only be undertaken through the ‘160’ series of contact numbers.
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Thursday, February 20, 2025
Indian chip buzz catches the eye of specialty chemicals companies
Merck and Linde plan to set up specialty chemicals and gases facilities in India to support semiconductor manufacturing. Their investments signal growing global interest in India’s chip ecosystem, crucial for ensuring supply chain reliability and industry growth.
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Netflix to invest $1 billion in Mexico over next 4 years
Speaking at President Claudia Sheinbaum's morning press conference in Mexico City, Netflix CEO Ted Sarandos said he looked forward to entering more partnerships with producers in the Latin American nation.
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Karnataka Cabinet approves Rs 75 crore seed fund for startups, Rs 79 crore for semiconductor lab
The ‘Beyond Bengaluru Cluster Seed Fund’ subsumes similar seed funds setup earlier for Mysuru, Mangaluru and Hubli- Dharwad and Kalaburagi regions. The fund will target to promote 10,000 startups in regions beyond Bengaluru by 2030.
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Wednesday, February 19, 2025
New tie-ups in AI, chips, biotech can soften US tariff blow
India’s $254-billion tech outsourcing industry aims to offset US reciprocal tariffs by expanding into AI, semiconductors, and biotech. Bilateral talks and initiatives like TRUST and Mission 500 will drive US-India tech collaboration and trade growth.
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Apple says latest iPhone 16e being made in India
With this, the entire iPhone 16 lineup is now being made locally, Apple said. The company also assembles older models including the base models of the iPhone 15, iPhone 14, and iPhone 13 locally through its contract manufacturers in India.
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Tuesday, February 18, 2025
Banks, fintechs await UPI subsidy payouts amid cuts in total outlay
Banks and fintech firms are awaiting subsidy payments from the government for promoting digital payments. Despite applications being filed, no funds have been received so far. The subsidy program compensates banks for waived merchant discount rates (MDR).
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MeitY standardises government’s digital footprint with rejigged site launch
The IT ministry launched a revamped website under the new Digital Brand Identity Manual (DBIM) to standardise government digital platforms. Five other ministries will follow, ensuring a user-friendly experience and enhancing trust in government digital services.
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Monday, February 17, 2025
Genpact spending millions to create AI solutions: CEO
Genpact will leverage a combination of autonomous agents with humans in the loop. While Genpact is changing its working model and solution set, the organisation will retain its industry vertical-based internal structure, CEO BK Kalra told ET in an interview.
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Bidders flag end-of-life GPUs offered under IndiaAI Mission
Bidders expressed concerns about Nvidia A100 GPUs, declared end-of-life (EOL), being used in the IndiaAI Mission. They questioned the viability and support for older models, despite their cost-effectiveness, and highlighted potential issues with performance and technical support.
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Sunday, February 16, 2025
Lenskart’s IPO plans; Pay hikes at TCS
Happy Monday! Lenskart is gearing up for an IPO that could value the company at twice its previous funding round. This and more in today’s ETtech Morning Dispatch.
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Security concerns push nations away from DeepSeek revolution
Governments worldwide, including Australia, Italy, Ireland, South Korea, and the Netherlands, are cracking down on DeepSeek's R1 AI model. They are concerned by the model's data collection practices, potential for censorship, and risk of sensitive information being shared with the Chinese government.
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Saturday, February 15, 2025
Broadcom, TSMC eye possible Intel deals to split storied chipmaker
Broadcom and TSMC are exploring deals to split Intel, with Broadcom eyeing its chip-design unit and TSMC considering its manufacturing plants. Talks remain preliminary, informal, and independent.
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Uptake of technology, scale of population, and local innovation make India an exciting market: Cameron Adams
Adams, who is on his first visit to India, recently told ET that he expects the country to become Canva’s largest market in three to five years. The Sydney-headquartered company has more than 200 million users worldwide.
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Friday, February 14, 2025
Elon Musk's xAI in talks to raise $10 billion at $75 billion valuation
Elon Musk's startup aims to expand its presence in the AI industry by increasing its data centre capacity. Existing investors, including Sequoia Capital, Andreessen Horowitz, and Valor Equity Partners, are in talks to participate in the deal, the report said.
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DeepSeek doesn't scare OpenAI, thanks to the 'Jevons paradox'
Economist and logician William Stanley Jevons, noted that as engines improved and made coal more efficient -- requiring less of the resource to produce the same amount of energy -- demand for coal would actually increase, not decrease. The Chinese company created an AI tool with analytical capabilities rivalling those of Google and Microsoft's OpenAI, and seemingly at a fraction of the cost.
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India’s AI race heats up as entrepreneurs, researchers, and startups vie for IndiaAI Mission funding
India’s AI race heats up as entrepreneurs, researchers, and startups vie for IndiaAI Mission funding. With Rs 1,500 crore support and subsidised GPUs, innovators like Ayush Gupta, Aaditya Kirti, and Sahil Gulati aim to build sovereign AI models.
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Thursday, February 13, 2025
Apple to restore TikTok on US app store, Bloomberg News reports
Apple will reinstate the ByteDance-owned TikTok app on its U.S. App Store following a directive from U.S. Attorney General Pam Bondi. U.S. President Donald Trump had previously signed an executive order delaying the enforcement of a ban on the app.
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‘Google’s US DEI rollback unlikely to hit other markets’: Senior Google policy executive
Google’s DEI rollback is US-specific, not global, says executive. He highlights AI’s potential in India, the need for aligned data laws, and balanced AI regulation. PM Modi’s US visit underscores technology’s growing role in strengthening India-US ties and collaboration.
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Wednesday, February 12, 2025
Mature nodes more viable for fabless sector in India: Marvell India manager Navin Bishnoi
The Santa Clara-headquartered company with $5.5 billion revenue has three R&D centres in India and is looking to double its capacity at its Bengaluru office this year to ensure that growth is managed both in terms of headcount as well as capability, Navin Bishnoi, Marvell’s India country manager, told ET.
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Tuesday, February 11, 2025
Micron seeks partner to construct Phase-2 of Sanand chip plant
Micron Technology is inviting bids for Phase 2 of its Sanand, Gujarat semiconductor facility, with L&T and KEC International among contenders. Phase 1, initially set for 2024, now targets early 2025 completion.
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YouTube is the new TV: CEO Neal Mohan spells out company’s 2025 bets
CEO Neal Mohan said YouTube should be seen as “next-generation studios” and highlighted that the YouTube Partner Program has paid out over $70 billion to creators, artists, and media companies in the past three years.
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Monday, February 10, 2025
ToneTag secures $78 million in mix of primary, secondary capital
The Bengaluru-based digital payments startup bagged the funding from stock market veteran Ravi Dharamshi’s PE fund ValueQuest Scale Fund and VC fund Iron Pillar. Existing investor Elevate Capital also participated. Strengthened by the fresh funds, the company aims to scale operations in India and go global too.
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Sunday, February 9, 2025
AI mission GPU tender bidders asked to match L1 prices by February 12
Given that the bids are very competitive, companies will see the market uptake of graphics processing unit (GPU) models and then plan their investment and inventory accordingly, said some of the bidders.
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Saturday, February 8, 2025
Microsoft, Nvidia, the tech giants taking a quieter approach to Trump
Nvidia and Microsoft take different approaches to navigating Washington's politics. While Microsoft is experienced in lobbying, Nvidia is a newcomer, rapidly growing due to its dominance in AI chip manufacturing.
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Transforming governance with a unified AI stack
As AI rapidly advances, organisations need an integrated AI stack for business transformation. This stack includes compute infrastructure, data, model development, and applications. The government’s IndiaAI Mission could create a digital public infrastructure (DPI) to provide seamless services, foster innovation, and prevent resource duplication while promoting AI development in India.
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Bumpy ride: Auto industry stuck with excess semiconductor stock post-pandemic
Chip sales in the auto sector skid as the post-pandemic frenzy turns into an inventory glut. With tapering of sales and other expected challenges, the industry isn’t prepared to get out of second gear.
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Friday, February 7, 2025
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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ChrysCapital, others in talks to take Dhan to unicorn club with $100-150 million funding
Stock trading platform Dhan is negotiating with ChrysCapital for funding that could increase its valuation to over $1 billion, helping it expand into financial services and compete with rivals like Groww and Zerodha.
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DeepSeek’s rise proves disruption no longer reserved for richest players: Niti Aayog paper
NITI Aayog’s paper highlights China’s DeepSeek as a disruptive AI leader, urging India to seize the opportunity for innovation and ethical AI development, positioning itself as a global AI disruptor and advocate for responsible AI.
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French President Emmanuel Macron says AI should not be 'Wild West'
Development of artificial intelligence (AI) should not be an unregulated "Wild West", French President Emmanuel Macron said Friday ahead of a global summit on the technology in Paris. "AI can't be the Wild West," Macron told French regional newspapers including Ouest-France and Le Parisien in advance of the gathering of global political and tech industry leaders on Monday and Tuesday.
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Thursday, February 6, 2025
Flipkart’s fast lane frenzy; Zomato’s going Eternal
Happy Friday! Flipkart is doubling down on its quick commerce play ahead of its flagship Big Billion Days event. This and more in today’s ETtech Morning Dispatch.
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Perfios acquires fraud detection platform Clari5
Perfios acquired fraud detection platform Clari5 to enhance its fraud management capabilities. Clari5, with 200 employees, becomes a Perfios subsidiary. This acquisition strengthens Perfios' product offering and expands its global presence in the banking sector.
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Flipkart Minutes eyes 550 dark stores before ‘Big Billion Days'
Flipkart plans to expand its quick commerce segment by launching 500-550 dark stores before its Big Billion Days sale, aiming to challenge rivals like Blinkit, Zepto, and Swiggy Instamart, with a goal of 300 stores by March 2025.
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Wednesday, February 5, 2025
Infosys to roll out annual hike letters before end of March
“Those falling at and below job level five (JL5) will receive hikes with effect from January 1 and those at job level six (JL6) and above will get the revised pay from April 1,” chief human resources officer Shaji Mathew told employees in a townhall at the Infosys campus in Bengaluru, the people said.
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Tuesday, February 4, 2025
Cashfree secures $53 million from Krafton, Apis Partners
The funds will be used to scale up its products, invest in new payment infrastructure projects and push its D2C brands. The online merchant payment startup last raised a major funding of $2.7 million from SBI in 2021. To date, it has raised $44 million.
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Banks to take on fintechs with feature-packed merchant apps
Fintech firms like BharatPe and Paytm face increasing competition from banks such as HDFC, ICICI, Axis, and SBI, which are launching merchant-focused platforms. Banks aim to regain market share by offering payments, loans, and banking services with higher compliance.
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Monday, February 3, 2025
Experts flag APAAR risks as institutes push enrollment
Experts raise privacy concerns about the centralised APAAR student ID database, questioning its efficacy in obtaining verifiable parental consent under the DPDPA. While some see APAAR as a solution for streamlining consent, others highlight the lack of clear data protection guidelines and potential vulnerabilities of such a large repository.
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Sunday, February 2, 2025
Sops, DeepSeek drive local firms to work on foundation AI models
The government’s subsidised common compute facility and opening for grants and funding under the IndiaAI Mission have also spurred energy among startups seeking capital.
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Centre’s tax clarity on VC asset sales to reduce litigation
Previously, the reading of the Income Tax Act led to proceeds from exits to be considered business income for domestic alternative investment funds (AIFs), leading to these firms paying income tax.
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Saturday, February 1, 2025
Generative AI's environmental impact in figures
The surge in generative artificial intelligence (AI) is being met with growing fears about the technology's ecological footprint, one of the top questions up for discussion at a global summit in Paris on February 10-11. GPT-3 requires around half a litre (one pint) of water to generate between 10 and 50 responses, according to a conservative estimate from researchers at the University of California Riverside and University of Texas at Arlington.
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NATA 2025 registrations to start from this date: 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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Friday, January 31, 2025
President Trump to meet with Nvidia CEO Jensen Huang at the White House
Nvidia had loudly protested a last-minute move by the Biden administration in January to expand AI chip restrictions beyond adversaries like China to more than 100 other countries, including Singapore. But it remains to be seen if Trump will follow through with or drop those proposed rules.
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OpenAI launches o3-mini, its latest AI reasoning model
Sam Altman, OpenAI’s chief executive, announced the launch on X, calling it a “smart, fast model” available on both ChatGPT and the API.
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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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‘India AI mission GPU hourly pricing aggressively low’
India's AI mission GPU tender saw aggressive bidding, with average prices at Rs 115.85 per GPU hour, far below the global average of $2.5-3. Bidders like Jio, E2E, NxtGen, Locuz, and CtrlS quoted low rates, raising concerns among competitors about global clients demanding similar pricing.
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Thursday, January 30, 2025
India preps low-cost AI push; PB Fintech’s financials
Happy Friday! The government formally began its push to build a foundational AI model on Thursday. This and more in today’s ETtech Morning Dispatch.
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‘Budget champ India can pull another DeepSeek on global AI': Vishal Sikka
Vishal Sikka, former CTO of SAP and CEO of Infosys, in an exclusive interview with ET, urges India to actively participate in the AI race, not just build applications but also develop foundational and sovereign models. He emphasizes the importance of local data and languages, citing DeepSeek's cost-effective approach. Sikka highlights AI's current limitations, particularly energy inefficiency, while acknowledging India's resource-constrained innovation capabilities.
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Wednesday, January 29, 2025
Footwear startup CHK raises $2.5 million from Accel, Bluestone, others
DealShare cofounder Sankar Bora’s company, based in Bengaluru, will deploy the funds to boost output and bolster R&D in the run-up to its public launch in April.
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Tuesday, January 28, 2025
Tata Electronics goes tech talent fishing in Intel pool
Tata Electronics, on an expansion spree, is aggressively hiring senior talent, particularly from Intel. Former Intel executives like Reda Masarwa and Randhir Thakur (now Tata Electronics CEO) are leading this charge. The company aims to build a strong team for its ambitious projects, including new factories and semiconductor manufacturing facilities.
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Monday, January 27, 2025
Rural fintechs seek government fund to upgrade last-mile tech infrastructure
Fintech startups and business correspondents serving rural areas seek Rs 500 crore in equity funding from the government to upgrade technology. This fund, potentially structured like the IMEF, would support services like remittances and Jan Dhan accounts. The request comes amidst a funding winter and seeks to improve last-mile financial inclusion.
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Rupee and dollar movement to keep IT margins on edge
The rupee's recent depreciation against the US dollar has boosted Indian IT companies' profitability in Q3 2024. However, the unpredictable movement of other currencies like the euro and pound, coupled with rising operational costs and visa challenges, pose significant risks. While a weaker rupee offers short-term gains, it also complicates hedging strategies and long-term planning.
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DeepSeek says its Janus Pro AI model beats rivals in image generation
The new model is an upgrade over Janus, which was launched late last year and comes on the heels of DeepSeek launching a new assistant based on the DeepSeek-V3 model that has become the top-rated free application on Apple's App Store in the United States.
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Sunday, January 26, 2025
Indian defence, space startups eye US market
The startups from the domains of space, remote sensing and other critical technology are invited to participate in the India to America (I2A) Launchpad programme to seize an opportunity to build partnerships, contracts, and funding that can shape their next few years.
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Saturday, January 25, 2025
Google pushes global agenda to educate workers, lawmakers on AI
As Google races to best Big Tech rivals including Microsoft-backed OpenAI and Meta in the AI arena, it is mindful of the heavy regulatory scrutiny it faces in its existing businesses in advertising and search.
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Conflict of generations: Bridging generational gap in workforce
Tech companies are addressing the generational gap in the workforce, as offices now feature Baby Boomers, Gen X, Millennials, and Gen Z. Companies like Infosys, Capgemini, and Mphasis are implementing strategies such as mentorship programmes and reverse mentoring to foster communication and collaboration. These efforts aim to boost innovation, employee engagement, and retention.
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Friday, January 24, 2025
Meta tests ads on Threads, its alternative to X
Facebook's parent company, Meta, is testing ads on its new social network, Threads. The ads debut amid Meta's recent content moderation changes and the end of its US fact-checking program. With TikTok's uncertain future, Meta is poised to attract brands seeking alternatives, though user reactions may be mixed.
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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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Meet ‘Operator’, a web-enabled AI agent that performs tasks for You
OpenAI's Operator is an AI agent that automates web tasks like ordering food, scheduling appointments, and creating memes. It uses GPT-4o and reinforcement learning to understand and interact with websites, improving user productivity. Currently in research preview for US Pro users, Operator will expand to other user tiers and regions soon.
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Thursday, January 23, 2025
FMCG’s ecommerce push; Govt targets financial fraud
Happy Friday! Consumer firms are betting big on their own ecommerce platforms. This and more in today’s ETtech Morning Dispatch.
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FinMin wants banks to complete I4C integration by January to check frauds
The finance ministry wants government-owned banks, including the State Bank of India, to integrate directly with the Indian Cybercrime Coordination Centre (I4C) to control the growing problem of financial fraud.
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Wednesday, January 22, 2025
Meta backs data analytics firm Databricks as AI boom attracts investors
Companies, including Meta, have been investing heavily to build and train large language models (LLMs) such as ChatGPT, which are advanced AI systems designed to understand and generate human-like text.
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Birthright citizenship ban may drive global talent away: Can America afford the gamble that Trump played?
from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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Tuesday, January 21, 2025
DeHaat acquires farm advisory platform AgriCentral
AgriCentral, serving over 10 million smallholder farmers, will help DeHaat enhance its digital services and broaden its reach. This acquisition brings DeHaat’s total to seven businesses, including Vezamart, Farmguide, Helicrofter, YCook, FieldFresh Foods, and Freshtrop Fruits. DeHaat offers farmers direct market access, quality inputs, expert agricultural advisory along with exports.
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Aakash’s backers slam AoA tweak plan at NCLT
Senior advocate Darius Khambata, representing the minority shareholders, said that these articles are legally binding and would take precedence over any agreement between the shareholders.
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Monday, January 20, 2025
GCCs may align pay almost at par with IT companies to optimise costs
Sluggish hiring activity in the IT services sector has seen a cooling down in the talent competition over the past six quarters, causing a 30-40% moderation of the premium value paid by GCCs, said Kedar Pathak, GCC specialist, Xpheno. Certain mid-senior level tech roles, where 16-20% premium pay were in play, have moderated to 10-12% premiums, he said.
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Trump education overhaul could slash $55M in funding, hitting Lancaster County schools hard: What it means for teachers and students
from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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Sunday, January 19, 2025
Edtech firm Brightchamps buys K12 marketplace Edjust
With this buyout, GSV Ventures-backed Brightchamps has acquired four companies, including Education10x, a financial literacy education platform for children, in 2021; Schola, a live learning platform for kids, in 2022; and Metamorphosis Edu, which trains students in skills linked to entrepreneurship, in 2023.
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Saturday, January 18, 2025
Perplexity AI bids to merge with TikTok US: Reports
The new structure proposed by Perplexity would allow for most of ByteDance's existing investors to retain their equity stakes and would bring more video to Perplexity, the report said, citing an unnamed source familiar with the situation.
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Sun, moon and the starts: India's space startups ready for 2025
Sky is the limit for Indian space startups in 2025, as they focus on attracting more funding, tap global markets and drive more real-time applications. Indian space startups are optimistic about the revised foreign direct investment (FDI) policy, which aims to unlock more capital for growth. Yashas Karanam, cofounder of Bellatrix Aerospace, said the revised FDI norms clarify exit strategies, allowing investors to freely sell shares and thus attract international funding.
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Friday, January 17, 2025
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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Fintechs shun quick credit as RBI cracks down on unsecured loans
The advance salary product was designed for working professionals to take an instant personal loan for about a month, similar to a salary advance. It allowed employees to receive an amount equivalent to half their salary mid-month, and to repay it once the salary is credited.
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Thursday, January 16, 2025
Battery makers are charging up; Amazon to acquire Axio
Two major battery manufacturers have plans to set up plants in India. This and more in today’s ETtech Morning Dispatch.
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LGES, Panasonic Energy rev up India battery plant plans
LG Energy Solution (LGES) and Panasonic Energy, two of the largest battery manufacturers globally, are accelerating their plans to set up production facilities in India. LGES supplies EV batteries to Tesla, General Motors, Hyundai, and Indian e-scooter makers like Ola Electric and TVS Motor, while Panasonic Energy is among Tesla’s largest suppliers of batteries.
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Wednesday, January 15, 2025
Oracle’s four India partners may fail to make AI mission cut
This may hinder the American cloud company's ability to empanel with the much-coveted Mission to offer AI compute capacity in India through public-private partnership and bid for future projects.
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Zepto's annualised gross order value touches $3 billion, up three times in 8 months
GOV is the total value of orders received over a certain period of time, including the total amount of sales, before any discounts, returns, or cancellations.
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Tuesday, January 14, 2025
Consumer brands’ funding ride keeps deal street busy
Venture funds are sitting on ample dry powder and will accelerate deal-making in early-stage startups. Funds like Accel, 3One4 Capital, Peak XV Partner, Lightspeed Venture Partners and others are on the hunt for new deals across sectors and themes.
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Google-backed Pixxel launches Fireflies, India’s first private satellite constellation
The startup intends to deploy 18 satellites in its constellation to deliver essential climate and Earth insights to industries worldwide. These indigenously developed satellites were integrated through SpaceX’s Exolaunch and launched aboard the Transporter-12 rideshare mission from Vandenberg Space Force Base in California. They will orbit at approximately 550 km in a sun-synchronous orbit.
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Aditya Birla-backed Digantara takes flight onboard SpaceX’s rocket, system to monitor and detect objects
Digantara launched its SCOT satellite aboard SpaceX’s Transporter-12 mission to enhance space safety and track Resident Space Objects (RSOs). The world’s first commercial Space Situational Awareness (SSA) satellite, will monitor Low Earth Orbit (LEO) with improved efficiency. Backed by Aditya Birla Ventures and SIDBI, it aims to support national security and space operations.
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Monday, January 13, 2025
Electric two-wheeler startup BGauss raises Rs 161 crore from Bharat Value Fund
The funds will be used to expand the Pune-based company’s presence in India and overseas, meet capital expenditure requirements, marketing, and enhance in-house R&D for upcoming product launches. BGauss, which has raised Rs 161 crore from Bharat Value Fund, aims to scale its dealership network and manufacturing capacity as demand increases.
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Sunday, January 12, 2025
UGC NET December 2024 admit card for all exams released at ugcnet.nta.ac.in: Check 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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Ather IPO valuation bump; TCS CEO on Q3 numbers
Ather Energy is aiming at $2.4 billion for its upcoming IPO. Details on this and more in today’s ETtech Morning Dispatch.
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Flipkart may lead $35-40 million round in its Super.money
Super.money, started by Flipkart senior executive Prakash Sikaria, is among the big focus areas at Flipkart for its financial services and lending business and has emerged as one of the fastest growing Unified Payments Interface (UPI) apps.
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Saturday, January 11, 2025
SpaDeX: ISRO brings satellites within three metres in trial attempt
ISRO successfully performed a trial attempt of moving two small satellites within three meters for future in-space docking experiments. Further analysis will be conducted before the docking process. This SpaDeX project aims to position India among leading nations in mastering in-space docking technologies, essential for ambitious space goals.
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Tech sector's energy transition draws attention at Vegas show
Data centers accounted for 4.4% of US electricity needs in 2023, which is likely to rise to 12 percent by 2028, according to the US Department of Energy. Gary Shapiro, chief executive of the Consumer Technology Association, which organises CES, said energy transition was intended to be "a big focus" of this year's show.
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Hyperscale data centres promise to transform computing in the age of AI
Traditional data centres function like shared office spaces, providing limited resources to multiple businesses. In contrast, hyperscale data centres are large-scale facilities built to support the immense computing needs of tech enterprises. Hyperscale data centres are built for rapid scalability, allowing them to swiftly add or remove servers and storage to accommodate fluctuating demands without disrupting services.
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Friday, January 10, 2025
President Biden blasts 'shameful' Meta decision to scrap US fact-checking
US President Joe Biden criticised Meta for ending fact-checking on Facebook and Instagram in the US. He called it shameful. Meta's decision aims to turn fact-checking over to users with Community Notes. The International Fact-Checking Network warned of global harm if Meta expands this policy. Meta's decision comes as President-elect Trump prepares to take office.
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IGNOU December 2024 term-end exam results declared: Check 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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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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Supreme Court skeptical toward TikTok arguments against looming US ban
Supreme Court justices expressed scepticism towards TikTok and ByteDance's challenge to a law mandating the app's sale or ban by January 19 in the US, citing national security concerns. The case examines free speech rights and potential Chinese government exploitation of TikTok for espionage. TikTok argues the law targets speech, while the government emphasizes data protection and security.
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Thursday, January 9, 2025
Meta’s fact-checking decision sets off alarm bells in India
The decision will hurt social media users looking for accurate, reliable information to make decisions about their everyday lives and interactions with friends and family, Angie Drobnic Holan, the director of International Fact-Checking Network said in a post on LinkedIn.
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Wednesday, January 8, 2025
What is Community Notes and how does it differ from content moderation?
Community Notes was launched in 2021 as Birdwatch. It allows users to add context to posts that may be misleading, lack important details, or need more explanation. Content moderation, though designed with good intentions, has become increasingly complex, often resulting in mistakes that stifle free expression.
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Swiggy’s standalone app Snacc: Here’s all you need to know about it
Swiggy introduced a new app called Snacc for delivering food in 10 minutes. It competes with delivery services from Zomato, Blinkit, and Zepto. Different companies use various models for quick food delivery, including dark stores and restaurant deliveries. The overall market for rapid food delivery is expanding with multiple players entering the space.
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Fintech startup AtoB to open Bengaluru R&D centre, expand global footprint
Founded in 2019, AtoB sees major opportunity in modernising payments for the $1 trillion commercial fuel and transportation industry, particularly trucking. It partners not only truckers and small businesses but major banks as well as oil and gas companies, building a digital infrastructure to bring them together, cofounder and CEO Vignan Velivela said.
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Tuesday, January 7, 2025
D2C beauty company Wow seeks strategic buyer at a lower $250 million valuation
Wow Skin Science, valued at around $400 million, is seeking a strategic buyer at a reduced valuation of $250 million as investors look to exit. The brand faces slowing growth amid tough competition in India's D2C beauty market, sparking industry consolidation with other brands exploring similar options.
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Monday, January 6, 2025
Entrepreneurial dreams powered by AI
Scores of Indian startups are building AI-driven tools and solutions to solve real-life problems. ET delves deep into these ventures figuring out the excitement as well as the challenges.
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Sunday, January 5, 2025
Experts wary of data panel curveball on Big Tech, social firms
Legal experts are worried about proposed rules that could restrict sending personal data abroad. The Indian government assures the new data rules do not require data localisation. However, compliance costs and potential trade barriers are concerns. Age-gating using school databases is commended but poses challenges. Parental consent requirements for children under 18 could affect social media and gaming companies.
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Saturday, January 4, 2025
Jeff Bezos's Blue Origin poised for first orbital launch next week
The NG-1 mission will carry a prototype of Blue Ring, a Defense Department-funded spacecraft envisioned as a versatile satellite deployment platform, which will remain on board the rocket's second stage for the six-hour test flight. It will mark Blue Origin's long-awaited entry into the lucrative orbital launch market after years of suborbital flights with its smaller New Shepard rocket, which carries passengers and payloads on brief trips to the edge of space.
from Tech-Economic Times
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from Tech-Economic Times
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Special agents: The future of AI and automation
Tech giants are moving fast to develop and deploy AI agents, which are pegged to be the “next big thing” in 2025. They gobeyond the limited capabilities of LLMs and offer more end-to-end, action-based solutions. Agent frameworks can reason, plan, and execute, driving the convergence of automation and GenAI to create autonomous systems for complex business tasks.
from Tech-Economic Times
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from Tech-Economic Times
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Friday, January 3, 2025
Zepto plans IPO filing by March-April; Singapore nod in for moving domicile
Zepto is preparing to file for an IPO by March-April 2025 and has received approval to move its holding entity from Singapore to India. The company is also finalising independent directors and deliberating on IPO size and bankers. It aims to become the first independent quick commerce firm to go public amid scrutiny over local FDI compliance.
from Tech-Economic Times
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from Tech-Economic Times
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Planning to study in the US? 5 challenges Indian aspirants need to worry about
from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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Thursday, January 2, 2025
IndiaAI mission to offer GPU resources to second EoI participants: COO Kavita Bhatia
AI Research Analytics and Knowledge Dissemination Platform, is India's largest and fastest AI supercomputer. “We’re also in the process of bringing more than 10,000 GPUs as and when it comes up. Even that can be made available based on the eligibility criteria and certain other conditions that need to be fulfilled so that you can get access to the compute,” Kavita Bhatia, COO of IndiaAI mission under the ministry of electronics and IT (Meity), told potential participants on Thursday.
from Tech-Economic Times
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from Tech-Economic Times
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Wednesday, January 1, 2025
AP government eyes top talent for investment promotion body
N Chandrababu Naidu's return as Andhra Pradesh's CM has sparked renewed competition among southern states to attract investment. The state is reviving its Economic Development Board, actively hiring professionals for various roles to enhance investment promotion. This move aims to re-establish Andhra Pradesh as a key destination for large-scale investments despite its current challenges.
from Tech-Economic Times
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from Tech-Economic Times
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