Pine Labs-owned fintech appoints Anand Raisinghani as CEO, brings in former leaders from Razorpay, Clear, and PhonePe across key roles.
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Thursday, July 24, 2025
Grok steps into prediction markets with xAI, Kalshi partnership
Kalshi is now partnering with Elon Musk's artificial intelligence company xAI to integrate Grok, xAI's advanced chatbot, into the prediction market experience.
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Wednesday, July 23, 2025
US tariffs, big beautiful bill derail Indian IT’s big shift away from BFSI
India’s IT sector faces earnings pressure as key verticals like manufacturing, life sciences, and communications see spending cuts due to global disruptions and US policy changes. While firms pivot to BFSI and retail for stability, sector-wide growth remains cautious amid regulatory, pricing, and supply chain headwinds impacting client priorities.
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Meta launches new teen safety features, removes 635,000 accounts that sexualise children
The company also announced Wednesday that it has removed thousands of accounts that were leaving sexualised comments or requesting sexual images from adult-run accounts of kids under 13. Of these, 135,000 were commenting and another 500,000 were linked to accounts that "interacted inappropriately," Meta said in a blog post.
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Infosys profit surges 8.7% on deals, Europe show
Infosys raised its lower-end growth forecast for the fiscal, with revenue expected to expand between 1% and 3% from the earlier 0-3%. The company is also gaining from increased adoption of artificial intelligence, top executives said. AI programmes are improving productivity between 5% and 15% and this is being partly passed on to customers, according to CEO Salil Parekh who struck an optimistic note at the company’s post earnings call on Wednesday.
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Tuesday, July 22, 2025
Europe revival helps IT survive quarter shocks
HCLTech, LTIMindtree, and Tech Mahindra gained new business from European clients, marking a revival for the region after three quarters of deal slowdown. Overall revenues in these companies rose in low single digits in the three months ended June.
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Telegram introduces built-in crypto wallet, bringing its users into mainstream blockchain
The Open Network (TON) is a decentralised, layer-1 blockchain platform developed by the Telegram team, led by the Durov brothers, to create a highly scalable and user-friendly blockchain ecosystem integrated with the Telegram app.
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Monday, July 21, 2025
New-age travel accessories platform Escape Plan raises $5 million from Jungle Ventures, Fireside Ventures
Launched in May 2025, the Bengaluru-based company sells travel bags and accessories for everyday as well as vacation travel. The fresh funds will be used to expand its retail footprint, acquire customers, and launch its quick commerce services.
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Lawmakers want US tech CEOs to address concerns about submarine cables
Washington has been raising alarm about the network of more than 400 subsea cables that handle 99% of international internet traffic. The letter was signed by Representative John Moolenaar, who chairs a House panel on China and two other Republicans.
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Reliance Retail claims market leadership across channels
The retail arm of Reliance Industries said that while all segments performed well, the grocery and fashion segments propelled it to the market leadership spot.
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Sunday, July 20, 2025
AI-assisted coding is the way to go when hiring graduates: LTIMindtree CEO
Venugopal Lambu said there was more emphasis in terms of the learning ability, and the foundational skill sets that freshers have on which companies can build, using their training and learning methods. “So those assessments will always improvise it…Whenever we hire people, we take all those aspects, whether it is related to the coding roles, cloud roles or infrastructure roles or data roles,” he said.
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IT companies tighten belt as AI, macro headwinds squeeze biz margins
The fiscal first quarter showed companies are stretching all internal levers aggressively to protect profits amid slowing large-deal momentum. This includes lowering selling, general and administrative expenses (SG&A) costs, delaying pay hikes, and rejigging bench policies. Analysts expect the trend to continue through the fiscal second half as the IT sector is turning into a "negotiator's market".
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New high tech incubators to get millions in funding
The Israel Innovation Authority (IIA) launched a competitive proceeding to establish new high-tech incubators with up to a 40 million Shekel (USD 11.9 million) investment per Incubator.
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Saturday, July 19, 2025
Musk says xAI will make kid-friendly app 'Baby Grok'
Elon Musk’s AI firm xAI is set to launch "Baby Grok," a separate, kid-friendly chatbot app. Announced via Musk’s X post, the move follows efforts to enhance Grok’s features and public image. It comes amid xAI’s rapid AI expansion, including Grok 4’s debut and government-focused product offerings.
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RSSB PHED recruitment 2025: Application for 1,050 support engineer and chemist posts to begin shortly at rssb.rajasthan.gov.in
from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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Eight chipsets designed by IIT students sent to fabs: IT Minister Vaishnaw
Indian Institutes of Technology (IITs) students have designed 20 chipsets, with eight already sent for fabrication, signaling significant progress in domestic semiconductor development. The first commercial-scale, made-in-India semiconductor chip is expected this year, supported by government initiatives like the India Semiconductor Mission and AIKosh. India's electronics exports have surged, marking substantial growth in the sector.
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Friday, July 18, 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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Future-proofing of jobs: Mid-career pros rewire skills to ride AI current
TeamLease reported over 60% growth in enrolments for micro-credential courses this year, while Simplilearn noted growing demand from professionals in their 30s and 40s seeking domain pivots or deeper specialisation. Online learning platform Coursera also reported that 39% of its learners are career switchers, drawn by the promise of better growth, pay, and job security.
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Thursday, July 17, 2025
OpenAI unveils ChatGPT agent to handle tasks as AI apps evolve
AI agents - considered to be an evolution of an assistant - have been embraced across the tech world with large firms, including Microsoft, Salesforce and Oracle, spending billions on the technology to boost productivity and make operations more cost efficient.
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Wipro Q1 net profit up 11% to Rs 3,337 crore, revenue flat
Wipro faced a compression in business in all geographies of Europe, Americas 2 and APMEA (Asia Pacific, Middle East and Africa) and business verticals such as banking, financial services & insurance and consumer in the April-June period compared with the prior quarter.
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Wednesday, July 16, 2025
Wipro looking to become consulting-led, AI-powered company, says Rishad Premji
Addressing the Bengaluru-based company’s 79th annual general meeting through videoconferencing on Wednesday, the son of billionaire promoter Azim Premji said 2024-25 was a year of significant change for Wipro as well as the world.
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Sam Altman endorses Jensen Huang’s view on AI and its impact on jobs
In a post on X, Altman noted key themes Huang has emphasised: AI will not eliminate jobs wholesale but will fundamentally change how work is done.
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Tuesday, July 15, 2025
Sarvam AI will open source its IndiaAI Mission AI models
The company has received the highest subsidy allocated under the IndiaAI Mission so far at Rs 98.68 crore, out of a bill of Rs 246.71 crore for access to 4,096 Nvidia H100 GPUs for six months, as per the IndiaAI website.
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Mid-year ecommerce sales spike sets the stage for cracking festive season
Ecommerce order volumes rose 19% during the July 11–14 sale, driven by strong demand in electronics, appliances, and fashion. Tier-II and III cities led growth. Brands saw up to 8x sales spikes, prompting festive season preparations. The momentum signals recovery after last year’s slowdown, boosting industry optimism for Diwali.
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Monday, July 14, 2025
HCLTech’s first quarter net drops 10% YoY to Rs 3,843 crore, revenue up 8%
India’s third-largest software services company reported a net profit of Rs 3,843 crore in the three months ended June, historically a soft quarter for the software business. Margins fell 16.3% during the quarter amid lower employee utilisation “due to delay in implementation and ramp-down of a specific program, which resulted in a larger bench.”
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Sunday, July 13, 2025
Very unfair criticism to call TCS one-trick pony: CEO K Krithivasan
TCS CEO K Krithivasan attributes recent revenue dips to global economic uncertainties impacting client spending. Despite challenges in sectors like airlines and auto, TCS remains confident, dismissing reliance on the BSNL deal as a mischaracterization. Strategic moves, including service line alignment and AI integration, aim to drive future growth and adapt to evolving IT service models.
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Smaller EV players nearly wiped out as FAME-II crackdown triggers sales collapse
Electric two-wheeler makers penalised for FAME-II subsidy violations have experienced a significant sales decline, with smaller players struggling. Government crackdown consolidated market share among compliant companies like TVS and Bajaj. Investigations into fraudulent subsidy claims led to subsidy suspensions and price increases, impacting consumer demand. A new FAME-III programme is anticipated to promote electric mobility with stricter compliance.
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Saturday, July 12, 2025
JEECUP 2025: Round 2 seat allotment announced at jeecup.admissions.nic.in for UP Polytechnic
from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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Does AI actually boost productivity? evidence is murky
A survey of 2,500 professionals found generative AI actually increased workload for 77% of workers. Some 47% said they didn't know how to unlock productivity benefits. The study points to barriers such as the need to verify and/or correct AI outputs, the need for AI upskilling, and unreasonable expectations about what AI can do.
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SpaceX to invest $2 billion in Musk's xAI startup: Report
SpaceX has invested $2 billion in xAI as part of a $5 billion equity round, strengthening Elon Musk's AI endeavors. This investment values the merged xAI and X at $113 billion, with the Grok chatbot now supporting Starlink and potentially integrating into Tesla's Optimus robots. Despite controversies, Musk touts Grok as the smartest AI, driving xAI's heavy spending on development.
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xAI apologises for Grok's offensive posts
The company said the change occurred after the chatbot was prompted to "reply to the post just like a human" as well as "tell like it is and you are not afraid to offend people who are politically correct." As a result, Grok became susceptible to users' "extremist views," which made it produce "responses containing unethical or controversial opinions to engage the user."
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Friday, July 11, 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 move to lift chip software curbs on China puts India on alert
Regarding companies rethinking their ‘China Plus One’ strategy with the lifting of software curbs, Dixit said that companies considering investing in India for EDA development or other functions might choose to thoughtfully evaluate their timing. However, Shankar Krishnamoorthy, chief product development officer, Synopsys, said the company does not foresee the software export restrictions that were previously placed on China being placed on India, especially given India’s ambition to build its semiconductor ecosystem and the existing US-India collaboration in the sector.
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X slashes subscription fees in India by up to 48%
The social media firm has slashed premium account subscription fee for mobile app by about 48% to Rs 470 from Rs 900 it charged earlier on a monthly basis. The subscribers of premium and premium-plus service at X get a checkmark next to their name or ID.
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Thursday, July 10, 2025
Capgemini's $3.3 billion WNS buy may revive IT-plus-BPO model
Capgemini's $3.3 billion acquisition of WNS signals a resurgence of the IT-plus-BPO model, driven by the need for AI integration. Analysts anticipate further consolidation in the BPO sector as companies seek to leverage AI for growth and digital transformation. This deal reflects a broader industry shift towards AI-led reinvention and service-as-software models.
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Wednesday, July 9, 2025
New 'strategist' COO at Apple faces tariff test
Sabih Khan, Apple's new COO, faces the challenge of reordering the global supply chain amid geopolitical tensions and the company's AI lag. He must balance US-China relations while expanding manufacturing in India and meeting sustainability goals. Khan's success hinges on ensuring timely delivery and quality of Apple products, navigating a complex and evolving global landscape.
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Only 47% of schools offer skill-based courses: Government study
from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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Open to supply products to US market from multiple sites, India based on tariff outcomes: Samsung
Samsung is closely monitoring US trade policy under the Trump administration and is prepared to shift production to India and other locations to maintain price and business stability. Amid high uncertainty, the company has diversified manufacturing, strengthened AI partnerships, and launched its new Galaxy Z foldable smartphone series.
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OpenAI is readying an open-weight model that will debut as soon as next week: Report
The move would mark a major shift toward openness for the company, potentially allowing developers and researchers greater access and flexibility compared to current closed models like GPT-4 and GPT-4o.
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Tuesday, July 8, 2025
IIT Delhi-incubated deeptech startup Green Aero secures 1.6 million from pi Ventures
The funds will be used for Green Aero’s R&D efforts, setting up an in-house testing facility, and hiring talent. Plans include commercialisation of its first small-category engine within the next 12 months while laying the groundwork for a larger engine platform.
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Over half of school kids struggle with basics, reveals government survey
from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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OpenAI and Microsoft bankroll new AI training for teachers
The American Federation of Teachers is launching an AI training hub for educators, funded by Microsoft, OpenAI, and Anthropic, to integrate AI tools into classrooms. This initiative follows similar moves by California State University and Miami-Dade County Public Schools to adopt AI technologies like ChatGPT and Gemini.
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Monday, July 7, 2025
Can AI plan your next holiday?
Agoda CTO Idan Zalzberg sees AI evolving into a personalised travel planner, capable of handling complex tasks through conversational, agentic interactions. While AI improves efficiency and customer understanding, challenges like unpredictability remain. India, with its tech-savvy users, serves as a key testbed. Agoda has launched 150 GenAI projects globally.
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Smarter AI needs smarter humans
As AI grows more advanced, the need for complex, high-quality training data has surged, making data annotation a critical industry. India is emerging as a key global hub, offering skilled talent across domains. With rapid market growth and increasing sophistication, data labelling now demands deep expertise in science, tech, and language.
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Xbox producer recommends ChatGPT, Copilot prompts to laid off Microsoft staff
After Microsoft’s Xbox layoffs, executive producer Matt Turnbull suggested using AI chatbots like ChatGPT for emotional support and career guidance. In a deleted LinkedIn post, he shared prompts for job planning, resume help, and networking, aiming to ease the stress of unemployment.
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Microsoft announces public preview of deep research in Azure AI foundry
This tool aims to accelerate research and deployment of frontier AI technologies, further strengthening Microsoft's position in enterprise-grade generative AI solutions.
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Sunday, July 6, 2025
Startups weigh government nod to use Aadhaar KYC for gig workers
Food delivery and e-commerce startups are seeking government approval for Aadhaar authentication to streamline gig worker verification, following a crackdown on unauthorized Aadhaar usage. Protean eGov Technologies offers a secure channel for Aadhaar access with ministry clearance, potentially simplifying KYC processes. Startups are exploring Digilocker-based verification and redirection processes to comply with regulations and ensure secure onboarding.
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Saturday, July 5, 2025
UGC NET answer key 2025 for June exams released at ugcnet.nta.ac.in: Raise objections online by this date, 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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AI robots fill in for weed killers and farm hands
Aigen's solar-powered, AI-driven robot "Element" autonomously weeds fields without chemicals, offering a sustainable solution to labour shortages and herbicide resistance. Designed by former Tesla engineer Richard Wurden, the robot mimics human weeding and runs on sunlight. The robot's AI system takes in data from onboard cameras, allowing it to follow crop rows and identify weeds.
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Astronaut Shubhanshu Shukla to interact with school students at NESAC on Tuesday
The interaction is planned via a telebridge set up NESAC in Shillong, said the Amateur Radio on International Space Station (ARISS), which facilitates interaction of school students with astronauts on the orbital laboratory.
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Friday, July 4, 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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Ban-battered bike-taxi riders say struggling to make both ends meet
Karnataka's bike-taxi ban has severely impacted Bengaluru's gig workers, slashing incomes by half. Approximately 150,000 riders are affected, forcing many into already saturated delivery services. This shift has also reduced earnings for existing food and grocery delivery workers. While some find alternatives like DriveU, many struggle to cover expenses and support families, hoping for the ban's revocation with regulated rules.
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India GCC leasing now focusing on larger spaces as demand surges: Vestian report
Office space leasing by global capability centres in India surged 24% to 31.8 million sq ft in FY25, driven by IT, finance, and engineering services. Fortune 500 GCCs leased 13.5 million sq ft, a 25% increase, highlighting India's attractiveness. While the number of lease transactions decreased, larger office spaces became more prevalent, with large transactions rising significantly.
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Thursday, July 3, 2025
Morocco bets on video game industry to provide jobs and diversify economy
Morocco is building a local gaming industry with a new developer hub, training programs, and a $26 million Rabat Gaming City. Hosting global developers at its gaming expo, the country aims to empower youth, attract investment, and double industry revenue by 2030 while combating high youth unemployment through tech-driven careers.
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Ambiq Micro files for US IPO as generative AI fuels chip demand
Strong investor demand for AI-focused tech stocks is helping revive the IPO market, as investors warm again to high-growth tech startups they had largely avoided for nearly three years. The Austin, Texas-based company disclosed a net loss of $39.7 million in 2024, narrowing from a loss of $50.3 million in the previous year.
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Wednesday, July 2, 2025
AI-backed brand analytics platform GobbleCube raises $3.5 million in round led by InfoEdge Ventures
Existing investor Kae Capital participated in the funding round. The fresh funds will be used to deepen its AI capabilities, expand platform coverage, and accelerate its global go-to-market efforts. Earlier in a seed round led by Kae Capital in 2024, the startup had raised $1.9 million.
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Tuesday, July 1, 2025
Bhim gets big boost as NPCI scales up incentives, offers
Bharat Interface for Money (BHIM), the govt's UPI-based payment app, has seen a resurgence, nearly doubling its monthly transactions to 70 million in June after a period of stagnation. This growth is attributed to a user-interface revamp, increased marketing spend by NPCI, and targeted incentives.
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India needs more telecom unicorns, says DoT secretary Neeraj Mittal
This follows the Union Cabinet clearing the Rs 1 lakh crore research, development, and innovation (RDI) scheme, which the government feels will give momentum to telecom startups in India.
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