ET Explainer: OpenAI’s direct shopping via ChatGPT puts ecomm on notice

OpenAI has launched “Instant Checkout” in ChatGPT, letting US users complete purchases directly in-app, starting with Etsy and soon Shopify. Unlike earlier shopping features, this removes external redirects. Powered by the agentic commerce protocol, the move positions ChatGPT as a commerce platform, challenging Amazon and Google while offering merchants a streamlined, high-conversion sales channel.

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OpenAI launches AI video tool Sora as standalone app

OpenAI is expanding its generative AI portfolio with the launch of Sora 2, a text-to-video model, as a standalone app in the US and Canada. CEO Sam Altman highlighted that Sora 2 enables users to create videos directly from text prompts, signaling OpenAI’s growing push into multimedia AI applications.

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Devotional platform Vama nets Rs 22 crore in funding round

Founded in 2020, Vama.app has partnered with over 250 temples and has a network of more than 300 astrologers on the platform. Cofounder Manu Jain said the company is stepping up its focus on content, adding that it is creating online experiences to connect devotees with spiritual leaders. The platform currently has about 6,00,000 monthly active users (MAU).

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Defence tech startup Unmannd raises $2 million in round led by Speciale Invest, Accel

The funds will be used to speed up the commercialisation of Unmannd’s aerial logistics platform Titan, take the interceptor system Fury from PoC to market, explore export markets, and scale the engineering team.

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SaaS startup PostHog raises $75 million at $1.4 billion valuation, turns unicorn

Founded in 2020 by Hawkins and Tim Glaser, PostHog has built an integrated "customer infrastructure" platform, which combines analytics, feature flags, session replay, data warehousing, error tracking, and AI-powered automation tools. The startup enables businesses to capture detailed customer interactions and automate business logic like emails or support responses through a single platform.

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Flipkart group companies cut FY25 losses as Myntra stays on profit track

Under pressure to rein in losses ahead of a planned initial public offering (IPO) in 2026, Flipkart has managed to trim red ink across most of its group companies in FY25 by tightening costs. But with online retail growth slowing, revenue gains were modest.

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Kapiva raises $60 million funding led by 360 ONE Asset and Vertex Growth

Kapiva’s key categories include products for diabetes, energy, sports, nutrition, liver and heart. These products are sold through its own direct-to-consumer website, marketplace and offline stores. Currently, the brand has presence in over 40,000 offline stores, which is its fastest growing channel, and aims to get to 1 lakh offline stores within a year.

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Spinny trims losses in FY25 as revenue grows 25% to Rs 4,657 crore

The Gurugram-based Used-car sales platform’s net loss for FY25 came in at Rs 424 crore, down 28% from FY24, making it the second consecutive year of losses coming down. In FY23, it had reported a net loss of Rs 820 crore. Following a long funding winter, used-car platforms have been consolidating their businesses and sharpening their focus on margins.

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WeWork India to float Rs 3,000-crore IPO on Oct 3

Co-working major WeWork India will launch its IPO on October 3. The issue size is estimated at Rs 3,000 crore. Bidding for anchor investors opens on October 1. The offering is entirely an Offer for Sale. Embassy Buildcon and WeWork Global will offload shares. WeWork India itself will not receive any proceeds.

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Real money gaming ban to unlock growth for ill monetised non-RMG titles: Report

India's gaming sector shifts focus to non-real money gaming. A new law banned real money gaming. Lightbox reports India has 420 million players. Non-RMG earns revenue from in-app purchases and advertising. Gamers spend on battle passes and cosmetics. Regional language content is popular. This change positions India for new revenue models.

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Indian PCs face security threats as Windows 10 support ends next month

With Windows 10 support ending in October 2025, Indian consumers, SMBs, and enterprises must upgrade to Windows 11 or pay $60 yearly for security updates. With feasible machines under Rs 15000 and a year of service, there is a surge in the demand for refurbished PCs in the market, and they are a reasonable option for smaller enterprises.

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Touring Capital closes inaugural $330 million fund to back AI-driven software startups

Headquartered in San Francisco's South Park, Touring's Fund I will back early-growth, AI-powered software startups globally, according to the report. The $330 million fund was raised from a mix of global institutional limited partners (LPs), family offices, and over 30 former founders.

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Supply chain diversification shields Indian EMS firms from US tariffs

Indian EMS firms are diversifying supply chains and expanding globally to mitigate risks from US tariffs. Syrma SGS reports limited short-term impact but may explore Mexico or West Asia if tariffs persist.

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Tata Electronics in talks with ASML, JT Corp, other potential partners to build ecosystem

ASML is the world’s sole supplier of extreme ultraviolet (EUV) photolithography machines, which are essential for producing the most advanced microchips, while JT Corp’s ‘burn-in sorting system’ dominates the market as a core machine of semiconductor test processes.

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Google launches native audio model in Gemini Live API

In a social media blog post, Google explained that the two key additions: more robust function calling and more natural conversations.

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Three serious crimes surged at WVU last year: Here’s why it matters now more than ever

Three serious crimes saw notable increases at West Virginia University in 2024, according to its latest Clery Act report. Stalking rose by 75%, burglaries by 150%, and domestic violence reports by 33%, based on figures released by the WVU Police Department. The report covers all WVU campuses and includes data from overlapping law enforcement jurisdictions. New federal rules will see hazing included in future reports, with the first hazing transparency report due this December.

from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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Why more US students are choosing Europe and Asia for university and how cost and politics are driving the shift

US students are increasingly choosing universities in Europe and Asia due to soaring tuition fees, rising student debt, and political instability at home. Applications abroad have nearly doubled since 2019, with institutions in the UK, Netherlands, and Japan seeing major increases. Students cite affordability and safety as key drivers, with consultancy services reporting record interest post-2024 election. While some face challenges with job market readiness, many report no regrets and encourage others to study overseas.

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Zerodha Fund House hits Rs 8,000 crore AUM: Nithin Kamath

The fund house serves over seven lakh investors across more than 16,000 pincodes, according to its website. Earlier this January, it had reported an AUM of Rs 4,287 crore, with over four lakh unique investors.

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6 Indian-origin biologists in the US: Where they studied and their scientific impact

Six distinguished Indian-origin biologists working in the US are highlighted here, focusing on their educational backgrounds and significant career achievements. Ranging from Nobel laureates to trailblazers in genetics, immunology, and plant biology, these scientists have made impactful contributions to their fields. Their studies span renowned institutions in India, the UK, Israel, and the US, showcasing a diverse academic foundation that has driven their influential scientific and medical advances.

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Ecomm orders shoot up as annual sale events open

Amazon and Flipkart launched their festive sales for loyalty users, seeing over 20% growth in demand on the first day despite it being a Monday. The recent GST cuts helped boost shopper sentiment, with many customers holding off purchases earlier in anticipation of lower prices, leading to strong initial traction.

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IT facing $150-550 million in immigration bill

India’s top IT firms face an extra $150-$550 million in H-1B visa fees due to a sharp hike in immigration fees. This will raise delivery costs in the US, where they earn up to 85% of their revenue. Offshoring work may rise, but onsite specialised roles will cost much more to sponsor.

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Tech talent ‘wapsi’ may boost India’s AI, SaaS, deep-tech

The US $100,000 H-1B visa fee could encourage Indian talent to return home, boosting India’s startup scene, especially in AI and deeptech. Founders expect many US-based graduates and professionals to build careers in India, seeing this as a key chance for the local tech ecosystem to grow rapidly.

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Rising paywall may push more US jobs to Indian shores

The steep H-1B visa costs, seen as a clampdown on the entry of skilled foreign workers into the US, could add costs and margin pressures but accelerate the offshoring momentum. Companies have been preparing for such protectionist policies over the past few years and reducing their reliance on H-1B visas significantly, said industry executives.

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Rising paywall may push more US jobs to Indian shores

The steep H-1B visa costs, seen as a clampdown on the entry of skilled foreign workers into the US, could add costs and margin pressures but accelerate the offshoring momentum. Companies have been preparing for such protectionist policies over the past few years and reducing their reliance on H-1B visas significantly, said industry executives.

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University of Michigan to launch $50 million civil discourse centre after campus tensions over the Charlie Kirk incident

The University of Michigan is launching a $50 million Institute for Civil Discourse by 2026. This initiative aims to foster respectful dialogue and strengthen democratic participation amidst increasing polarization. The institute will serve all U-M campuses, promoting skills for productive disagreement and researching evidence-based approaches to dialogue in higher education and public life.

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Mark Welsh education and career path: From Air Force Academy and Harvard fellowships to Texas A&M presidency

Mark Welsh III's journey from Wentworth Military College to becoming president of Texas A&M University showcases a life dedicated to service and leadership. His distinguished Air Force career, marked by operational excellence and strategic vision, led to influential roles, including Chief of Staff. Transitioning to academia, Welsh now shapes future leaders, blending military discipline with academic rigor.

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Apple has asked suppliers to boost production of iPhone 17 model: Report

Apple has told at least two suppliers to boost production of the entry-level model iPhone 17 by at least 30% after strong pre-orders last weekend, the Information reported on Friday, citing people familiar with the matter.

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US launches effort to speed power grid projects for AI

The Department of Energy, or DOE, is requesting information from stakeholders including utilities and regional transmission managers on near-term investment opportunities, readiness of projects, expectations on growth in power demand, and constraints that it says it can address.

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Ola, Uber, Rapido asked to follow base fare of black-&-yellow taxis in Mumbai

In a letter dated September 16, the Mumbai Metropolitan Region Transport Authority (MMRTA) said the existing fare of black-and- yellow taxis is Rs 20.66 per km for non-AC vehicles and Rs 22.72 per km for AC vehicles.

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Only one-third of Americans believe schools prepare students for college and careers: Here’s why

A recent poll indicates a significant decline in public satisfaction with K-12 education in the U.S., reaching a historic low. The survey highlights concerns about student preparedness for college and the workforce, alongside partisan divides in educational perceptions. Experts emphasize the urgent need for comprehensive reforms to restore trust and improve outcomes for all students.

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ET Explainer: AR glasses privacy risks in view on big comeback

Reliance Jio, Meta, and Amazon are bringing AI-powered AR glasses to India, reviving privacy and surveillance debates reminiscent of Google Glass. While laws like the DPDP Act remain ambiguous, risks of worker surveillance and unchecked data use loom large.

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Lab-grown diamond jewellery firm Lucira raises $5.5 million in its maiden funding round

According to cofounder Rupesh Jain, the company will use the funds to expand offline operations, strengthen its team and step up marketing efforts. The round also saw participation from SiriusOne Capital Fund and angel investors including founders of Dot and Key, Livspace and Snitch.

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Edtech firm Educational Initiatives acquires Open Door Education for undisclosed amount

Educational Initiatives (Ei), which has built tools to measure and improve learning outcomes of students through Ei ASSET, Ei Mindspark, and Ei CARES, operates on a B2B model and has about 1,000 schools on its network. Besides India, Ei has operations in the UAE, South Africa, Qatar, and Kuwait.

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Trump extends delay on US TikTok ban until mid-December

US President Donald Trump on Tuesday extended a delay on enforcing a ban against TikTok until December 16, marking the fourth postponement of a law designed to force the app's sale from its Chinese owner. Under the order, the US Justice Department is prohibited from taking enforcement action not only during the extended period, but also retroactively for any conduct that occurred since the ban was originally to come into force, on January 19, 2025 -- the day before Trump's inauguration.

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Applied Materials looks to link up with Semicon Mission companies

Applied Materials is engaging with newly approved semiconductor firms in India to supply equipment, services, and software. The company also eyes opportunities at Mohali’s Semi-Conductor Lab modernisation and Tata’s Dholera fab.

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CCI failed to prove market abuse claim, Meta tells NCLAT

Senior Advocate Amit Sibal, appearing for Meta, submitted that the Competition Commission of India (CCI )'s entire case is based on future conduct and hypothetical scenarios.

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Semiconductor, AI infra to get big chunk of new tech fund

The IDTA was launched on September 2, at Semicon India 2025, to mobilise private capital and expertise for deep tech companies in India and foster US-India collaboration in sectors such as semiconductors, artificial intelligence (AI) and space. Founded by venture capital and private equity firms from both countries, it aims to spur investment with an initial capital commitment of $1 billion.

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IT hiring takes a back seat in tariff rollercoaster ride

IT services companies have cut their overall hiring projections for July-December to 1-3% from 3-5% earlier, data from mass staffing firm Teamlease showed. The industry is short by nearly 150,000 hires compared to start-of-year projections. Recruitment agencies said hiring demand for software engineers has contracted sharply, with growth confined to emerging technology roles.

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Tata Technologies acquires Germany-based ES-Tec Group for €75 million

Founded in 2006 and headquartered in Wolfsburg, Germany, ES-Tec Group is a premium automotive engineering services provider with deep domain expertise in Driver Assistance Systems (ADAS), Connected Driving, and Digital Engineering, the statement said.

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How startups are fuelling the rise of financial enthusiasts as mutual fund distributors

Finance enthusiasts are increasingly becoming mutual fund distributors, drawn by the growing individual investor base and assets under management. Despite revenue challenges, technology platforms are aiding these distributors, enhancing their client services and competitiveness. Regulatory changes and market growth are creating significant opportunities, driving expansion into smaller towns and cities.

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Wikipedia will not appeal dismissal of its UK Online Safety Act challenge

The US government has criticised Britain's new online law, along with a similar policy in the European Union, and President Donald Trump could bring it up in reference to his concerns around free speech during his state visit next week.

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US student loan crisis: What Gen Z needs to know before signing up

The US student loan crisis, exceeding $1.7 trillion, significantly impacts Gen Z, who face rising tuition costs and potential debt traps. Careful planning is crucial as debt can delay life milestones and not all degrees offer equal financial returns. Exploring federal loans and alternative educational paths like trade schools is essential for informed decision-making.

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Infosys announces its biggest-ever share buyback of Rs 18,000 crore at 19% premium

Infosys declared a buyback of shares worth Rupees eighteen thousand crore. This is the largest buyback since the company's listing. The company will buy shares at Rupees eighteen hundred apiece. This is nineteen percent higher than the current market price. The buyback aims to improve financial metrics and offer tax-efficient returns to shareholders.

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Klarna shares rise 15% in their first day of trading on Wall Street

Swedish buy now, pay later firm Klarna made a strong NYSE debut, with shares jumping nearly 15%. Opening at $52, a 30% premium, the stock closed at $45.82. The IPO, raising $1.37 billion, is the year's largest. Klarna, founded in 2005, aims to challenge credit cards, offering 'pay-in-4' plans. CEO Sebastian Siemiatkowski eyes U.S. growth.

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BacAlt Biosciences raises Rs 18 crore in round led by Avaana Capital; startup valued at $8 million

Lubrizol InnoVentures, the innovation arm of global speciality chemicals provider Lubrizol, participated in the round. The funds will be used to scale the firm’s R&D processes, build pilot production facilities, expand its team, and develop go-to-market strategies.

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Online dispute resolution platform Presolv360 raises $4.7 million from Elevation Capital, others

Presolv360, an online dispute resolution platform, secured $4.7 million in funding led by Elevation Capital to expand its services beyond mediation and arbitration. The company aims to enhance its legal-tech infrastructure and replicate its existing systems for various dispute workflows. Presolv360 primarily collaborates with financial service organizations, offering tech-enabled solutions for resolving disputes outside traditional court proceedings.

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US colleges are now offering TikTok classes but do they count?

Universities are increasingly incorporating influencer education into their curricula, with courses like Duke's "TikTok Class" providing students with practical skills in content creation and audience engagement. These programs teach algorithm analysis, brand building and ethical considerations, preparing students for careers in the evolving digital landscape. The skills acquired are valuable in marketing, entrepreneurship and creative industries.

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VC firm AJVC raises Rs 165 crore in maiden fund; crosses Rs 100 crore target

Launched in August 2024, the fund has made 25 investments in startups across AI, B2B, consumer brands, and consumer tech sectors.

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Apple launches slimmer iPhone Air, new iPhone 17

Apple unveiled the new iPhone Air and iPhone 17 at its annual event. The iPhone Air boasts a durable design and high-density battery. The iPhone 17 features a brighter screen and A19 processor. New AirPods Pro 3 offer live translation. A blood pressure monitor is coming to the Apple Watch. Prices for existing models remain unchanged.

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Porter set to secure $110 million from existing, new investors

The extended funding round size would be around $300-310 million, according to people with knowledge of the matter. Of this, around $250-260 would be through secondary transactions, while approximately $50 million would be raised by Porter as primary capital.

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AI could make the smartphone passe. What comes next?

Tech giants are envisioning a future beyond smartphones, where AI assistants become central to personal computing. Predictions include smart glasses providing real-time information, ambient computers seamlessly integrated into homes, reimagined smartwatches automating tasks, and wearable recorders enhancing memory. These devices aim to augment human capabilities and offer hands-free assistance throughout the day.

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Apple’s September 9 event: Here’s what to expect — iPhone 17, Apple Watch Series 11, and more

The event will be live-streamed from Apple Park in Cupertino, California, at 10 a.m. Pacific Time. According to reports, iPhone 17 (base model) may be priced at Rs 89,900, iPhone 17 Air at around Rs 95,000, and iPhone 17 Pro Max at Rs 164,900.

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Govt to fast-track next round of India Semiconductor Mission

The Indian government is set to roll out India Semiconductor Mission (ISM 2.0), expanding support across the semiconductor value chain, with a cabinet note expected by October-end. Industry seeks $20 billion outlay. New incentives will support fabs, packaging, design, MSMEs and supply chains, following feedback at Semicon 2025 and near-exhaustion of ISM 1.0 funds.

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AI-powered meet-up apps fight loneliness

AI-driven social apps like 222 and Kndrd aim to combat loneliness by fostering real-world connections through curated dinners, events, and activity meetups. Unlike swipe-based dating platforms, they emphasise shared values and long-term relationships.

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IT Inc worries as US may slap tariffs on software exports

India's IT sector faces potential US tariffs on software exports, threatening its largest market and impacting firms already struggling with global uncertainty and AI-driven automation. The proposed tariffs could lead to double taxation and increased costs due to visa restrictions, potentially harming the growth of India-based service providers and GCCs, while raising delivery costs.

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Trump threatens EU tariffs for 'unfair' Google ruling

President Trump has expressed strong disapproval of the European Union's hefty $3.46 billion fine imposed on Google due to antitrust issues. In response, Trump threatened to initiate a Section 301 investigation into the EU's trade practices. He vowed to protect American ingenuity and counteract what he perceives as unfair penalties against U.S. companies.

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US attorneys general warn OpenAI, rivals to improve chatbot safety

California and Delaware's attorneys general have expressed serious safety concerns to OpenAI regarding ChatGPT, especially its impact on children and teens, following reports of dangerous interactions and tragic deaths. They are reviewing OpenAI's restructuring plans to ensure rigorous oversight of its safety mission.

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Analysts expect festive online sales to grow 30% after GST relief

Amazon India will start its Great Indian Festival on September 23. This follows the GST Council's rate cuts on footwear, apparel and other items. Analysts expect the tax revision to boost demand during the festive season. Electronics and appliance sales may grow significantly. Ecommerce platforms and retailers are expected to ship goods worth Rs 1.2 lakh crore.

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Microsoft set to dodge EU fine with offer to unbundle teams

Microsoft will avoid a major EU antitrust fine after regulators accepted its offer to unbundle Teams from Office packages. The move, prompted by Slack’s 2019 complaint, follows no objections in a market test.

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India most promising destination for semiconductor manufacturing, PM tells CEOs

Prime Minister Narendra Modi pitched India as the most promising destination for semiconductor designing and manufacturing on Wednesday . The Ministry of Electronics and Information Technology is currently framing the contours of ISM 2.0. The first version of the ISM was launched in 2020 and has so far secured investments worth Rs 1.5 lakh crore across 10 semiconductor projects, which are currently in various stages of completion.

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FirstClub raises $23 million in a funding round led by Accel and RTP Global

The company plans to deploy the funds towards opening new dark stores in Bengaluru, rolling out formats like cafes and daily subscriptions, expanding into new categories, hiring talent, and investing in brand building.

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Instagram rolls out iPad app with Reels at the center to take on TikTok

The app addresses longstanding complaints about Instagram's iPad experience, which previously required using a scaled-up iPhone version with blurry visuals and missing features.

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Tokyo Electron to set up office in Dholera and Assam to aid semicon projects

Tokyo Electron, which makes equipment for semiconductor production, is looking to set up offices at Dholera in Gujarat and in Assam to support Tata Electronics' upcoming fab and assembly and test units, a senior executive at the Japanese company said.

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Peter Navarro education qualifications: How an undergraduate degree from Tufts and Harvard PhD shaped a US trade strategist

Peter Navarro's academic journey, from Tufts University to a Harvard Ph.D., shaped his expertise in economics and public policy. His Peace Corps service in Thailand provided firsthand insights into global markets. Teaching at UC Irvine for over two decades, Navarro's research and books laid the groundwork for his future role in shaping U.S. trade policy.

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Trump administration to release $900 million in withheld education funds to California

Good news for California schools. The Trump administration released $900 million in education funds. Earlier, the funds were frozen. This affected programs for migrant children and English learners. California and other states filed a lawsuit. They challenged the freeze. The administration then released the funds. This ensures support for vulnerable students. Attorney General Bonta called it a major win.

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Salesforce CEO Marc Benioff slashes 4,000 jobs as AI takes over: Are customer service roles in the US becoming obsolete?

Salesforce recently laid off 4,000 customer support employees as AI agents increasingly handle routine interactions. This move reflects a broader trend of automation impacting customer service roles across industries. The integration of AI highlights the importance of upskilling for employees to focus on complex tasks and collaborate effectively with AI systems for career sustainability.

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We have failed our students: McMahon slams federal failures, unveils bold plan to fix US schools

Education Secretary Linda McMahon proposes dismantling the federal Department of Education, advocating for state control to address declining standards. She emphasizes standardized testing for accountability and supports parental choice through charter schools and vouchers. This overhaul aims to empower local communities and tackle pandemic-related learning loss, sparking debate over equity and innovation in education.

from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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