Giva in talks to close Rs 150-200 crore funding at Rs 4,400-crore valuation

Silver jewellery brand Giva is closing a Rs 150-200 crore funding round led by Premji Invest and Creaegis, with participation from Titan and Kenro Capital. The deal, partly primary and partly secondary, values the company at around Rs 4,200-4,400 crore. Giva is expected to post Rs 800-850 crore revenue in FY26.

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The AI startup soap opera riveting Silicon Valley

Thinking Machines, the AI startup cofounded by former OpenAI CTO Mira Murati, has faced internal turmoil as top executives Zoph, Metz and Schoenholz left for OpenAI amid disagreements over strategy and funding. Meta also apparently lured some other staff with offers worth hundreds of millions of dollars. The startup, valued at $12 billion, continues independently under Murati.

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THE Rankings 2026: Here are top US universities for medical and health studies

The Times Higher Education Medicine Rankings 2026 show how leading US universities perform in medical education and research. The table compares institutions on research quality, industry links, teaching, and research environment. Harvard leads the US group, followed by Johns Hopkins, Stanford, Yale, UC Berkeley, and the University of Pennsylvania. Check top 6 US universities here.

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WEF 2026: Elon Musk predicts robots will outnumber humans in AI-driven economy

Elon Musk, at the World Economic Forum, said AI and robotics could drive unprecedented global economic growth, creating a future of abundance where machines meet most human needs. He predicted robots may outnumber humans and help eliminate poverty, while cautioning on associated risks. Musk also discussed Tesla’s FSD rollout and a potential SpaceX IPO.

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Travel accessories platform Escape Plan raises $25 million from Jungle Ventures, others

Escape Plan has raised $25 million in a funding round led by Jungle Ventures, with participation from Fireside Ventures and IndiGo Ventures, the venture capital (VC) arm of IndiGo Airlines. The latest round comes six months after the company raised $5 million in a funding round led by Jungle Ventures and Fireside Ventures.

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We don’t give investment advice, says Sudha Murty, urging people to stay vigilant against cyber crime

In a post on X, Murty said, “I want to alert you to fake videos circulating online that falsely use my image and voice to promote financial schemes and investments. These are deepfakes created without my knowledge or consent. Please do not make any financial decisions based on these fraudulent videos. "

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Chicago suburb high school students walk out to protest ICE actions and immigration policies

Students from Chicago suburban high schools walked out of classes on Tuesday. They showed solidarity against ICE activities and voiced concerns about immigration policies. Protests occurred at Oak Park and River Forest High School and Wheaton Warrenville South High School. Students demanded stronger political action and school-level protection policies. These actions highlight growing student activism on critical social issues.

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Year by year, visa by visa: How Trump is making international students reconsider the US

US universities, heavily reliant on international students for tuition, faced significant disruption due to the Trump administration's visa policies. This led to contingency planning and a notable drop in new international enrollments. Students now navigate a landscape of uncertainty, making decisions year by year, impacting both academic aspirations and the nation's research workforce.

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Voice AI startup Ringg AI raises $5.5 million in round led by Akram Ventures

Voice artificial intelligence (AI) startup Ringg AI has raised $5.5 million (Rs 48 crore) in a funding round led by Arkam Ventures, with participation from Groww’s Founder Fund, Cred founder Kunal Shah, White Venture Capital and existing investor Capital2B.

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Law students across US flag concerns over early recruitment cycle: American Bar Association asked to review hiring norms

US law students are urging the American Bar Association to address increasingly early law firm recruitment. Concerns are mounting over the academic, emotional, and professional toll of firms hiring for summer associate roles as early as a student's first year. This accelerated timeline, exacerbated by pandemic shifts, is impacting legal education and student well-being.

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Texas launches Students First portal to report DEI and faculty senate law violations across colleges

Texas has launched the Students First portal, a new state-run platform allowing students, staff and the public to report alleged violations of laws restricting DEI activities and limiting faculty senate authority at public colleges. Operated by the Texas Higher Education Coordinating Board’s Office of the Ombudsman, the portal enforces SB 17 and SB 37. Complaints can bypass institutional processes, triggering state investigations and compliance timelines.

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University of Minnesota steps up support for students amid ICE operations: New semester plans focus on safety and learning

The University of Minnesota is implementing campus safety adjustments, including virtual class options and stricter building access, in response to a controversial federal immigration enforcement operation in the Twin Cities. These measures aim to ensure a safe environment while maintaining community access, as federal actions have led to significant arrests and a fatal shooting, sparking widespread protests and legal challenges.

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IIFL Fintech closes Rs 500-crore second fund

IIFL Fintech Fund, backed by the financial services conglomerate IIFL Group, has announced the final close of its second fund after raising Rs 500 crore from domestic family offices and high net-worth individuals (HNIs). Also called the series II fund, this targets early-to-growth-stage fintech startups, with a focus on companies using generative artificial intelligence to build financial services products.

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Who is Kent Syverud, the former law school dean and Syracuse leader returning to Michigan University as president-elect

Kent Syverud has been named the 16th president of the University of Michigan, returning to his alma mater on July 1 after serving as chancellor and president of Syracuse University since 2014. A U-M alumnus, Syverud earned degrees in law and economics and previously served as dean at Vanderbilt University and Washington University in St. Louis. He oversaw major fundraising, campus expansion, and strategic initiatives at Syracuse, bringing decades of legal and higher education leadership to Michigan.

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The fall of an icon: How Harvard is losing its scientific supremacy to China

Harvard University, long a symbol of scientific supremacy, has slipped to third place in the CWTS Leiden Ranking 2025, overtaken by China’s Zhejiang and Shanghai Jiao Tong universities. The shift reflects China’s strategic rise in research output and global influence, signaling a multipolar scientific world where scale, coordination, and vision increasingly redefine leadership in science.

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AssetPlus raises Rs 175 crore from Nexus Venture Partners, Eight Roads, others

Wealthtech startup AssetPlus raised Rs 175 crore to expand its distributor-led wealth management platform. Existing investors, including Eight Roads Ventures and Rainmatter Fund, also participated. It works with over 18,000 mutual fund distributors and manages Rs 7,250 crore in assets, offering mutual funds, insurance, and retirement products.

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US study suggests charter schools can support academic progress for students with special needs

A new US study reveals charter schools can boost academic performance for students with disabilities, showing improved test scores and attendance. These students also spent less time in segregated special education settings. However, the benefits may not extend to those with severe needs, and concerns about compliance persist, highlighting the nuanced nature of charter school effectiveness.

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Texas A&M University cancels graduate ethics course over race and gender policy concerns

Texas A&M axed a graduate ethics course days into the semester, citing new system-wide rules on discussing race, gender, and sexuality. Professor Leonard Bright disputes the university's claim of insufficient syllabus detail, asserting these topics are integral to ethics discussions. The cancellation highlights ongoing debates about academic freedom and policy impacts on Texas campuses.

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RSSB Platoon Commander direct recruitment 2025: Preference-wise result, cut-off marks and PET shortlist released

The Rajasthan Staff Selection Board has announced the preference-wise results for Platoon Commander direct recruitment 2025, along with category-wise cut-off marks and the shortlist for the Physical Measurement and Physical Efficiency Test. The recruitment covers 84 posts across non-scheduled and scheduled areas under the Home Defence Department. Candidates have been shortlisted based on examination scores and preferences submitted in their application forms, with detailed cut-offs released for all categories.

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BPSSC conducts Bihar Police SI mains 2026 today, check exam day guidelines and admit card link here

The Bihar Police Subordinate Services Commission has commenced the Bihar Police Sub-Inspector mains examination today, January 18, 2026, across multiple districts under tight security. The examination is being held in two shifts with strict reporting timelines. Candidates must carry valid photo identity proof and admit cards. Electronic items are banned, while biometric attendance, videography, jammers and flying squads have been deployed to ensure a transparent and malpractice-free examination process.

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India’s big IT ends recruitment freeze, but only for niche skills

India’s top five IT companies added 2,505 employees to their combined headcount in calendar year 2025, after shedding nearly the same number the year before, reflecting selective and skill-based hiring.

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US Education and Labour departments launch partnership to connect college programs with workforce needs

The U.S. Departments of Education and Labor are launching a new partnership to align postsecondary education with workforce needs, beginning January 20, 2026. Staff will be detailed between departments to integrate grant systems and improve program coordination. This initiative aims to ensure students graduate with in-demand skills, preparing them for career readiness and economic success.

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ETtech Deals Digest: Startups raise $191 million this week, down 51% on-year

Indian startups raised about $190.7 million in mid-January, sharply lower than a year ago but well above the previous week’s total. Funding activity also slowed, with fewer deals completed year on year. Healthcare, education and consumer brands led the biggest transactions during the week.

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More than 800,000 US borrowers still waiting for student loan relief: Income-based plans and forgiveness on hold

Over 800,000 federal student loan borrowers face lengthy delays for affordable repayment plans and loan forgiveness, with waits exceeding a year. Persistent bottlenecks in processing income-driven repayment and Public Service Loan Forgiveness applications are exacerbating financial pressure as defaults rise and enforcement actions resume.

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Meet the new Indian-origin CTO of Mira Murati’s Thinking Machines

Hyderabad-born Chintala, who joined Thinking Machines Lab in November 2025, will replace Barret Zoph who stepped down as CTO. Announcing his appointment, Murati described Chintala as “a brilliant and seasoned leader who has made important contributions to the AI field for over a decade” in a post on microblogging platform X.

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Smaller cities beating many congested state capitals in GCC race

India’s tier-II towns are emerging as credible global technology and innovation hubs, driven less by cost arbitrage and more by the promise of talent retention, specialised ecosystems, and quality of life beyond the industry's traditional metro bailiwicks. From Karnataka’s coastal belt to West Bengal’s rust belt, founders and technology leaders say smaller cities are increasingly outcompeting congested state capitals for deep-tech, AI and R&D work.

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As universities face political scrutiny, Yale professors’ donations skew heavily Democratic

An analysis of 2025 federal campaign finance data reveals nearly all political donations from Yale professors went to Democratic candidates and groups. This pattern, mirroring previous years, aligns with conservative criticism of ideological imbalance in academia. Professors cited policy differences on issues like research funding and endowment taxes as reasons for their support.

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EU will carefully assess X's promised changes to Grok, spokesperson says

The European Commission will review changes Elon Musk’s platform X plans for its Grok chatbot. The updates aim to stop Grok from producing sexualised images of women and children. If the measures prove insufficient, the Commission warned it could take full action under the Digital Services Act.

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US-born unemployment rate rose after Trump reduced immigration, data shows

Contrary to claims that reducing foreign-born workers would boost US employment, 2025 data reveals a sharp decline in immigrant labour led to increased unemployment and lower participation for US-born workers. Economists explain this outcome by highlighting immigrants' contributions to demand and job creation, refuting the 'lump of labour fallacy' and suggesting immigration restrictions hinder economic growth.

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Meta mulls doubling output of Ray-Ban glasses by year end: Report

Meta and EssilorLuxottica are considering doubling the production capacity ‍of their artificial intelligence-powered ​smart glasses to 20 million units annually by ⁠the end of this year, Bloomberg News reported on Tuesday. Meanwhile, Meta is also cutting more than 1,000 jobs from the company's Reality Labs division.

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Newsom proposes overhaul of California’s school leadership, shifts power to state board

California Governor Gavin Newsom is pushing for a significant overhaul of the state's K-12 education system. The plan aims to streamline governance by shifting power from the elected Superintendent to the appointed State Board of Education. This move seeks to enhance accountability and efficiency in addressing student needs and long-standing inequities across the state.

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Tier-II GCCs grapple with longer senior hiring cycles

Global Capability Centres (GCCs) are shifting senior technology roles back to metro hubs from Tier-II cities and adopting hybrid hiring models to cope with a severe talent crunch. Smaller cities are currently taking more than 75 days to fill leadership positions, compared with 42-56 days in the metros, staffing firms told ET.

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Meta to build gigawatt-scale computing capacity under Meta Compute effort

​Meta will ⁠establish Meta ‌Compute ‌to ‌construct tens of gigawatts of ​computing ​infrastructure ‌this ‍decade ‍and hundreds of gigawatts ‌more in the ‍future, CEO ‍Mark ⁠Zuckerberg ⁠said on Monday.

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US hikes premium processing fees for F-1 visa, OPT from March 2026: Check new rates here

USCIS is increasing premium processing fees for F-1 students and graduates starting March 1, 2026. Forms I-539 and I-765, crucial for status extensions and OPT, will see higher costs. This change aims to counter inflation, impacting students needing expedited application reviews for work or status adjustments. Plan accordingly for applications filed after the deadline.

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Anti-money laundering norms up crypto compliance bar

India’s financial intelligence unit has tightened anti-money laundering rules for crypto firms, increasing compliance and security obligations. Mandatory registration, audits and stricter KYC norms may raise costs and slow new entrants. While this could reduce misuse and improve trust, smaller platforms may struggle under heavier regulatory pressure.

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IT ministry takes up communications device safety issue; mobile phone players say routine consultation

The IT ministry has taken over discussions on mobile phone and communication device safety from the telecom department under the ITSAR framework. Industry sources say this is a routine consultation with no new mandates. Talks focus on standards for software updates and device source code, ensuring transparent engagement with manufacturers.

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Google teams up with Walmart, other retailers to enable shopping within Gemini AI chatbot

Google is enhancing its Gemini AI chatbot with shopping features, partnering with Walmart, Shopify and Wayfair to enable instant purchases without leaving the app. Recommendations can be personalised based on past purchases, linking to existing carts. OpenAI and Walmart announced a similar deal in October, saying the partnership would allow ChatGPT members to use an instant checkout feature to shop for nearly everything available on Walmart's website except for fresh food.

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ITAT rejects Binny Bansal's 'non-resident' status claim

The Bengaluru bench of the Income Tax Appellate Tribunal (ITAT) has rejected Flipkart co-founder Binny Bansal's claim of non-resident status for assessment year 2020-21, thereby denying him the benefit of the India-Singapore Double Taxation Avoidance Agreement (DTAA).

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The man who could be Apple's next CEO

Around 2018, Apple weighed adding costly laser tech to iPhones, highlighting the cautious leadership style of hardware chief John Ternus. Now seen as a leading successor to CEO Tim Cook, Ternus embodies Apple’s incremental, profit-focused approach amid succession planning and innovation challenges.

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Minneapolis shuts public schools following ICE action and clashes near high school campus

Minneapolis public schools closed due to fear after a mother's fatal shooting by immigration officers and a confrontation involving federal agents near Roosevelt High School. The district cited safety concerns, with temporary online learning planned. Governor Walz criticized federal presence near schools, emphasizing the negative impact on students and the learning environment.

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CES 2026: From digital to physical, AI is touching every aspect of consumer life

The ‘world’s largest tech fair’, as CES is popularly called, delivered a dose of wonder and whimsy, along with futuristic technology, and much AI-powered consumer gear. While technology managed to bring the world together at Las Vegas in the first working week of 2026, geopolitics in this changing global order cast its shadow as well.

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Judge blocks Trump administration move to bar DEI-related terms in Head Start grant applications

A federal judge has temporarily halted the Trump administration's efforts to alter Head Start, ordering a pause on removing diversity-related language from grant applications and stopping further layoffs. The lawsuit argues the administration is unlawfully dismantling the anti-poverty program by closing offices and reducing staff, impacting services for vulnerable children.

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Elon Musk's AI is generating sexualised images of real people, fueling outrage

Late Thursday, the Grok account on X started limiting requests for AI images to site subscribers who pay for certain premium features, according to posts from the chatbot. The change followed a "backlash over its ability to create sexualized deepfakes without consent," the AI chatbot added, but users can "subscribe or switch to the standalone Grok site for similar functions."

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ET Graphics: AI Summit lays out red carpet for India’s sovereign AI dreams

As India accelerates efforts to build a sovereign AI stack, a dozen startups and institutions backed by the government’s IndiaAI Mission are preparing to launch indigenous foundation models. Many of these launches are timed around the India AI Impact Summit next month.

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China is investigating Meta's latest AI acquisition

China is investigating whether Meta's acquisition of the artificial intelligence startup Manus violated its laws on technology exports and outbound investment. Those rules say that the Chinese government must approve the export of certain technologies, including interactive AI systems.

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Why New York parents fear Math is failing their children

New York parents are increasingly alarmed by their children’s weak grasp of mathematics, despite modest gains in test scores. An EdTrust–New York survey shows 43 per cent fear stalled progress, a concern echoed by NAEP data revealing deeper, long-term declines. Experts warn the problem predates Covid-19, rooted in widening gaps, reduced academic stamina, and fragile learning foundations.

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Grok’s harmful turn shows clear legal gaps in AI regulation

The majority of the regulatory discussion has focused on proposed changes to the IT Rules, which would require platforms to label synthetic content and follow disclosure and tracking measures. Legal experts argue that this approach mainly places the burden on platforms that distribute content, while leaving significant gaps concerning AI tool developers and app stores that enable misuse.

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US Court rules Trump can impose extra H-1B employer fee under broad INA authority powers law

A federal district court has ruled that President Donald Trump lawfully imposed an additional $100,000 fee on employers seeking new H-1B visas, citing the Immigration and Nationality Act’s broad grant of authority. The judge rejected claims from business and higher education groups that the proclamation exceeded presidential powers or was improperly implemented. The decision upholds agency compliance with a binding directive, while challengers have filed an appeal.

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Half of Americans are reading less than one book a year: Here's what they stand to lose

A new YouGov survey reveals a stark reading divide in the US, with 40% of Americans reading no books in 2025 and a small minority accounting for most reading. The decline, driven by digital saturation, academic pressure, and cultural shifts, threatens attention spans, critical thinking, civic engagement, and long-term learning across society.

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US embassy warns Indian students against breaking law: How studying in America has become a challenge in 2025

The US Embassy in India has cautioned international students that violating US laws could lead to student visa revocation, deportation, and ineligibility for future visas. The warning, issued through an official post on X, stressed that a US visa is a privilege, not a right. The advisory comes amid tighter visa scrutiny, falling international student enrolments, longer H-1B waiting periods, and renewed warnings against illegal immigration.

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Compliance hurdles weigh heavily on GCCs expanding to tier-II cities

GCCs have been rapidly expanding into tier-II and tier-III cities, as ET reported earlier, with locations like Coimbatore, Jaipur, Indore, Vizag, and Kochi emerging as new hubs. While the Union Budget 2025 announced a national framework to support this expansion, state-specific labour law variations continue to create compliance challenges.

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ET Explainer: Big privacy risks in view as glasses turn AI smart

Apple recently received a patent for its smart glasses, while Meta has already launched its version and Amazon is preparing to enter the market. ​​ According to Apple's patent, the glasses would be equivalent to augmented reality devices rather than merely AI or camera accessories, given that they would visually display information. The future of smart glasses could see a shift towards more visual features, but could also spark greater privacy concerns, with everyday life being recorded.

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Syracuse University boosts Central NY economy with $2B from research, construction, startups, and visitor impact

Syracuse University (SU) contributes nearly $2 billion annually to Central New York’s economy through R1 research, student spending, startups, construction, and visitor activity. The Lightcast report shows SU supports over 14,000 jobs, spends $176 million on research, and attracts 167,000 visitors, injecting millions into the regional economy. Investments in infrastructure, payroll, and local operations amplify economic benefits. Vice Chancellor Mike Haynie highlighted SU’s ongoing contributions in payroll, taxes, and regional development as quoted by syracuse.com.

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NJ Senate bill could force hundreds of school district mergers without parental votes

A New Jersey Senate bill, S4861, could merge hundreds of school districts without requiring parental approval. Proposed by State Sen. Vin Gopal, the legislation targets districts with fewer than 500 students and could expand regional schools. Teachers’ unions and administrators have raised concerns over hidden costs and community impact. Previous consolidation efforts have had mixed results. The bill has not yet been voted on and would require approval from both the Senate and Assembly.

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Fellowships open a door for campus entrepreneurs

Data from Superscout, a platform that tracks VC fellowship and scout programmes globally, shows that from a total of about 10,000 applications across such programmes, India’s participation has held steady at 12% over the past three years, up from around 7–8% in earlier cohorts (2020-2022). There is strong representation from IITs, IIMs, and BITS, with relatively fewer applicants from US or UK universities. Also, India-based applicants skew toward founders, operators, and students, with relatively fewer candidates from a finance background.

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Centre relaxes norms for startups to avail funds from DSIR

At the 42nd foundation day celebrations of the DSIR, the Union Science and Technology Minister Jitendra Singh announced the removal of the three-year viability criteria for deep-tech startups to avail financial assistance of up to Rs 1 crore under the Industrial Research and Development Promotion Program (IRDPP) of the department.

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5,000 delivery workers terminated every month on Zomato: Deepinder Goyal

Zomato's CEO Deepinder Goyal revealed that the company terminates approximately 5,000 gig workers monthly due to fraud, while 1.5 to 2 lakh workers leave voluntarily. Many view the delivery role as temporary. The company also faces significant customer fraud, with some customers fabricating issues to claim refunds.

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Assam NEET PG counselling 2025 round 3 registration begins at dme.assam.gov.in: Direct link to apply here

The Directorate of Medical Education (DME), Guwahati has commenced registration for Assam NEET PG 2025 counselling round 3 today, January 6, 2026. This round aims to fill 482 MD, MS, and PG Diploma seats, with registration and choice filling concluding on January 7. Seat allotment results are expected on January 11.

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Bank of India recruitment 2025-26: Registration window closes tomorrow for 514 Credit Officer posts; direct link to apply here

The Bank of India's online application window for 514 Credit Officer vacancies in the General Banking Officer stream closes tomorrow, January 5, 2026. Experienced candidates with a graduation degree and relevant professional qualifications are encouraged to apply online before the deadline. The selection process involves shortlisting, followed by an online examination and/or interview.

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Gig workers’ strike revives debate on 10-minute delivery

More than 200,000 delivery workers operating for platforms such as Zomato, Blinkit, Swiggy, Instamart, Zepto, Amazon and Flipkart went on a strike on December 31, seeking better payments and social security benefits.

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Eastern Michigan University expands EMU Advantage program to help students and parents repay loans across 16 majors

Eastern Michigan University's Advantage program now aids graduates from 17 majors in repaying student and parent loans, especially those earning under $50,000 annually. This initiative encourages students to pursue passions without immediate financial worry, with assistance decreasing as income rises. Launched in 2024, it aims to ease college debt burdens.

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Knight Fintech secures $23.6 million from Accel, IIFL, & others

Knight Fintech has raised $23.6 million in a funding round led by early-stage venture firm Accel, with participation from IIFL and Rocket Capital. Existing investors Prime Venture Partners, 3One4 Capital, Commerce VC, and Trifecta Capital also participated in the round.

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