Dealmaking stays strong as startup M&A momentum carries into 2026

Indian startups are experiencing a surge in M&A exits, particularly in consumer, fintech, and ecommerce sectors, signalling a robust recovery in dealmaking. Major acquisitions by L'Oréal and Marico have been the latest in this trend, with strategic buyers increasingly seeking to integrate new capabilities.

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Trump tells Axios he no longer views Anthropic as national security threat

Senior Anthropic technical staff were scheduled to meet with Trump administration ‌officials earlier ⁠this week ⁠to discuss a dispute over foreign access to its most advanced ​AI models, Fable 5 and Mythos 5. The company last week disabled access ​for all users to those models after Trump ordered Anthropic to block foreign nationals from accessing them.

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NEET UG 2026 begins today: What candidates must carry before entering centres and exam-day instructions

NEET UG 2026 is being conducted today across 5,440 centres in 551 Indian cities and 14 overseas centres. NTA has reminded candidates that entry begins at 11:00 AM and closes at 1:30 PM, with no admission permitted afterwards. Aspirants must carry their admit card, a valid photo ID and two passport-size photographs. The agency has also advised candidates to avoid prohibited items, stay hydrated, reach centres early and rely only on official information.

from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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UP Police Constable answer key 2026 released at uppbpb.gov.in; objections accepted until June 23

The Uttar Pradesh Police Recruitment and Promotion Board (UPPRPB) has released the provisional answer key for the UP Police Constable Recruitment Examination 2026 conducted for 32,679 posts. Candidates who appeared in the offline examination held on June 08, 09 and 10 can now check their responses and estimate their scores. The objection window is open from June 20 to June 23. The final answer key, after scrutiny of objections, will be used to prepare the recruitment result.

from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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Meta AI glasses pilot faces privacy scrutiny

Privacy experts are flagging significant risks with Meta's AI glasses pilot for visually impaired citizens in Gujarat. Concerns centre on potential privacy violations for users and bystanders due to always-on cameras, and challenges under India's data protection law. While the technology promises independence, calls are mounting for stringent safeguards against data misuse and unauthorised access before deployment.

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Architect Labs raises $24 million to take on Broadcom, Marvell custom chip business

The company plans to target chip ​companies to ​help accelerate the design process but also software companies ⁠that could use custom chips to make their ​applications run faster or more efficiently, Architect co-founder Ebrahim ​Hussain said in an interview with Reuters.

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Nobel Prize winner John Jumper quits Google DeepMind after nearly a decade; set to join Anthropic

Nobel laureate John Jumper, a key figure behind the groundbreaking AlphaFold AI, is departing Google DeepMind after nearly nine years. He announced his move to rival AI firm Anthropic on X. Jumper's departure underscores the intense competition for top AI talent as startups like Anthropic vie with tech giants for leading researchers.

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Data centres, AI become IT's next growth bet

India's software services industry is finding new growth in data centers and AI. Companies like HCLTech, TCS, Accenture, and Cognizant are investing heavily in AI platforms and infrastructure. This strategic shift aims to position them as end-to-end partners.

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PE firms join GCC boom, push portfolio companies to set up captive centres

Private equity-backed firms are increasingly establishing Global Capability Centres (GCCs) in India, moving beyond cost savings to build AI, engineering, and product capabilities. This trend signifies a shift from large corporations to mid-market companies leveraging GCCs as a strategic value-creation tool for portfolio companies.

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India has wide AI talent gaps in deployment, governance, security: Quess report

India faces significant AI talent gaps in deployment, governance, and security roles, with GenAI deployment showing the widest deficit. While the country boasts the second-largest AI talent pool globally, the demand is shifting towards production-ready skills, particularly in the three-to-five-year experience band, as AI becomes a horizontal capability across industries.

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Amazon Now to launch 100 large fulfilment stores in key markets ahead of Prime Day

Amazon Now is launching 100 large fulfillment centers across major Indian cities, significantly expanding its product assortment beyond daily essentials to include electronics and other everyday items. This strategic move aims to deliver products in 10-20 minutes, bolstering its presence in the rapidly growing quick commerce sector ahead of its Prime Day event.

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Talent shortage triggers AI adoption among insurers

A shortage of trained insurance professionals is driving insurers to automate claims processing, underwriting, and customer onboarding. This shift enables companies to handle growing business volumes with greater accuracy and efficiency, rather than replacing existing roles. Technology adoption is enhancing productivity and allowing employees to focus on higher-value client interactions.

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Red Hat sees an opening as Indian enterprises turn to AI sovereignty

Indian businesses are increasingly opting for Red Hat's open-source solutions to gain control over their AI and cloud infrastructure, said Red Hat India and South Asia vice-president Navtez Bal. Driven by concerns over data sovereignty and vendor lock-in, enterprises are moving beyond AI experiments towards production deployments.

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Mag 7? MANGOS? SpaceX forces name rethink on Wall Street's tech-stock moniker

The IPO, the biggest in US history, vaulted SpaceX's value above two Mag 7 members: CEO Elon ‌Musk's other company, Tesla , ⁠and ⁠Meta Platforms. With trillion-dollar contenders such as OpenAI and Anthropic waiting in the IPO wings, the club may soon need a name change, analysts said.

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Project Glasswing melts: US government suspends early access to Anthropic's Fable 5, Mythos 5 within days of rollout

India's brief access to advanced AI models from Anthropic has ended. A US government directive halted local access to Mythos 5 and Fable 5. This development signals a new AI export control regime. Governments now view frontier AI as strategic assets. India's engagement on technology policy faces new challenges.

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DLI-backed chip companies call for government procurement support

Indian semiconductor startups are urging the government for stronger market access and intellectual property protection. They highlight the need for procurement support to foster growth and maintain domestic ownership. Existing schemes have boosted design capabilities, but incentives for electronics makers to adopt Indian chips are lacking. Founders emphasize that capital availability, not just nationalism, drives ownership decisions.

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France’s Mistral in funding talks at about €20 billion valuation

French AI startup Mistral AI is reportedly in talks to raise approximately €3 billion ($3.5 billion) at a valuation of around €20 billion. This significant funding aims to bolster its position in the competitive AI landscape against US and Chinese rivals. The company, founded by former Google and Meta researchers, focuses on providing AI infrastructure for European governments and industries.

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Former Paisabazaar CEO Naveen Kukreja eyes $9-million raise for new wealthtech bet

Former Paisabazaar CEO Naveen Kukreja is reportedly seeking $9 million for his new wealthtech startup, aiming to build a platform for retail investors. The venture will focus on investment advisory, including emergency funds, insurance gaps, and asset allocation rebalancing, while also offering distribution services. This move enters a competitive market with existing players targeting similar demographics.

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SpaceX officially confirms Nasdaq listing date

SpaceX is set to make history with the largest initial public offering ever, commencing trading on the Nasdaq exchange on Friday.

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Aum Ventures plans to invest Rs 750 crore in innovative startups in 5 years

VC firm Aum Ventures has launched its second fund, India Innovation Fund II, targeting Rs 750 crore. The fund aims to invest in 25-30 innovative, IP-driven startups over five years, focusing on pre-seed and seed-stage companies. This follows their previous deployment of $30 million across 24 early-stage ventures.

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Infosys-backed 4baseCare raises Rs 128 crore, plans to take its cancer testing platform global

Precision oncology startup 4baseCare has raised Rs 128 crore. This funding will expand its genomics labs globally and scale its AI platform, OncoTwin. The company aims to make precision oncology inclusive for under-represented populations. 4baseCare is also decentralising genomic testing infrastructure in India. This move brings advanced cancer diagnostics closer to patients and doctors.

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Exponent Energy raises Rs 200 crore led by 360 ONE Asset, TDK Ventures

Exponent Energy, an EV charging startup, has secured Rs 200 crore in a funding round co-led by 360 ONE Asset and TDK Ventures. The company plans to expand its rapid charging network for commercial electric vehicles across India. This funding will support network expansion beyond Bengaluru and Delhi, new vehicle segments, and R&D.

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Zepto files updated papers for Rs 9,500 crore IPO; aims July listing

Quick commerce firm Zepto has filed its updated draft prospectus for a significant $1 billion IPO with Indian regulators. The offering includes a substantial fresh issue and a component for existing investors. This move brings the five-year-old company closer to one of the year's most anticipated new-age stock market debuts, following earlier confidential filings and regulatory approval.

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Z47 managing director Tarun Davda to exit firm amid string of top-level departures at VC funds

Tarun Davda, a key figure at Z47 for ten years, plans to exit the venture capital firm by year-end. Sources told us that Davda is exploring launching his own fund or returning to entrepreneurship. This departure follows other senior exits at Z47 and mirrors broader churn in India's venture capital sector.

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Here to win quick commerce, will become market leader in near-term: Samir Kumar, Amazon India chief

Amazon is planning to aggressively expand its 10-minute delivery service, Amazon Now, aiming for market leadership despite moderating quick commerce growth. The ecommerce giant plans to launch in over 100 cities with 1,000 dark stores, emphasising customer experience, wide selection, and speed to compete with rivals like Blinkit and Zepto.

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UP TGT Answer Key 2026 released at upessc.up.gov.in; here's how to download and raise objections

Uttar Pradesh TGT answer key for 2026 has been released by UPESSC on its official website. Candidates can now check the provisional key to estimate their scores for the June 3-4 exams. The commission also allows objections with evidence before the final key is published, crucial for filling 4,181 vacancies.

from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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Who is Dhiman Chakma? IAS officer accused of taking bribe, posted in revenue department

Odisha government reinstated 2021-batch IAS officer Dhiman Chakma, who was arrested in June 2025 for allegedly accepting a Rs 10 lakh bribe and possessing Rs 47 lakh in unaccounted cash. Despite an ongoing corruption case, Chakma has been posted as Deputy Secretary in the Revenue and Disaster Management Department, drawing criticism online.

from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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Rupee slide pushes overseas students back to lenders for top-up loans

A significant rupee depreciation has forced Indian students studying abroad to seek top-up loans from lenders, as initial loan amounts fall short of rising tuition and living expenses. This has led to a nearly threefold increase in demand for additional funding, with students requiring Rs 1-6 lakh more.

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Donald Trump says his team will 'look into' US taking stake in AI companies

Digital news outlet NOTUS reported on Thursday that senior U.S. ​officials held preliminary discussions with AI companies about the potential for the government to buy ​some shares in their firms.

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IT secretary signals stricter government controls for AI, biometric devices

India is prioritising strategic autonomy and control over AI and biometric hardware, following global trends. Concerns over trusted sources for IoT devices and potential espionage are driving this focus. Mandates for CCTV and telecom equipment highlight the government's commitment to securing digital public infrastructure.

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Meta weighs big equity raising to finance AI infrastructure: FT

Meta ​is ​considering raising tens of ‌billions ⁠of ⁠dollars ​in a stock ​offering as ​it ⁠seeks new ‌sources ​of ​capital ⁠to fund the ​company's AI ​ambitions, according to a report by the Financial ‌Times.

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Jobless growth in IT: Revenue grows, headcount stagnates

India's top IT companies are achieving revenue growth with stable employee numbers. This trend highlights a shift towards automation and improved productivity. Job openings have decreased, indicating a more selective hiring approach. Companies are focusing on delivering integrated business outcomes rather than expanding teams for individual projects. This strategy allows for more efficient operations and growth.

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Peak XV in talks to back Ringg AI as voice AI gains attention: Sources

Peak XV Partners is reportedly leading a $10 million funding round for Bengaluru-based voice AI startup Ringg AI, highlighting investor enthusiasm for the technology. This move underscores the growing recognition of voice AI beyond call centers, with investors now segmenting the market into various applications. The trend signals a significant shift towards voice as a primary interface, especially in India.

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FirstClub raises $55 million from Peak XV, Sofina; valuation doubles to $255 million

Quality-focused grocery delivery startup FirstClub has secured $55 million in a Series B funding round led by Peak XV Partners and Sofina, valuing the company at $255 million. The capital will fuel expansion into new cities, enhance supply chain and technology, and broaden product categories.

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IT firms spend big on acquisitions as AI hits growth

Indian IT firms are buying smaller companies to boost growth. Acquisitions are happening due to AI's impact on pricing and organic growth. Companies are spending billions to gain clients and market share. These deals help IT providers enter new markets and offer expanded services. This strategy aims to counter revenue pressures and vendor consolidation.

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Microsoft showcases new PC, cloud AI tools at developer conference

Microsoft's Build conference showcased the new Surface RTX Spark Dev Box. This powerful machine features an Nvidia chip, promising to bring advanced AI directly to personal computers. Microsoft aims to enhance AI safety for its Windows users and compete with rivals in the cloud and PC markets.

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Japan's MUFG readies $250 million India fund as new investors emerge with bold bets in Indian startup market

Japan's MUFG is launching a significant $250 million fund for Indian startups. This new fund will focus on early and growth-stage companies, especially in fintech. This move comes as other major investors have slowed their activity. MUFG's initiative aims to fill this gap, backing India's digital growth. The fund could expand to $400 million.

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