FirstCry is set to withdraw its papers for an up to $500 million IPO as early as next week, after India's markets regulator raised questions over key metrics it disclosed to investors.
The Bharat Web3 Association (BWA) proposed that the government either form a panel to discuss model legislation in consultation with the industry or release a discussion paper on the subject with...
Riding on deal wins in the fourth quarter from Airbus and Deutsche Aircraft, the ER&D (engineering and research and development) firm saw its Q4 revenue growing by 2.1% to Rs 1,860 crore. On a Yo...
The report said the current AI user base of India stands at 724 million and is set to grow at 6% on year. These are users who have used any of the AI features, like image filters, personalised re...
Total headcount for Tech Mahindra declined by 795 from the previous quarter to 145,455, and falling by 6,945 from 152,400 employees a year ago.
The regulator has cautioned users that it has not ordered them to return the cashbacks they earned from the company, but has asked the latter to return customer funds held in its wallets.
A recent McAfee survey found that deepfakes are prevalent in India. Over 75% of Indians surveyed online in the past year have seen deepfakes, and at least 38% have been targeted by a deepfake sca...
Additionally, the government must also increase funding for the semiconductor design ecosystem by designating semiconductor design and manufacturing as a sector of strategic importance.
FirstCry, backed by SoftBank, TPG and India's Mahindra and Mahindra sells baby products, including clothes, diapers and toys, seeking to tap the market for new parents in the world's most populou...
The act is a centrepiece of the EU's push to ensure it is not only a global leader in cutting greenhouse gas emissions, but also in manufacturing the clean tech required.
The Swedish company submitted a new version of its app to Apple with basic pricing and website information, which is a minimum requirement under the European Commission's ruling in its music stre...
Online food delivery major Swiggy has received shareholder approval to go public. This and more in today’s ETtech Top 5.
Koo cofounder Mayank Bidawatka had first said in September 2023 that the company was looking to raise funds or tie up with a strategic partner to scale operations amid a funding winter. But the t...
Observing that the matter would have to be argued by the parties, a bench headed by Acting Chief Justice Manmohan asked if the issue has been considered in any other country.
The muted growth in profit comes on the back of the company seeing a marginal decline in its operating margin which fell from 17.2% in Q3 to 16.9% in Q4, a fall of 30 basis points (1.7%). A year ...
Peak XV-backed startup Cred has been pushing its UPI payments feature aggressively. The fintech wants its customers to use the app to scan QR codes at premium retail outlets.
Founded by Manoj Gupta and Gunjali Kothari, Flashaid is working on exclusive tie-ups with insurance companies to tailor-make products and partner with e-commerce platforms and brands to distribut...
Ashutosh Sharma appointed by Prosus to lead investments in India and Southeast Asia. He will report to interim CEO Ervin Tu and focus on new investments and collaborations with portfolio firms li...
Beijing Xinzhida Neurotechnology unveiled Neucyber, a BCI implant similar to Neuralink's tech. It enables a monkey to control a robotic arm with thoughts, marking China's entry into high-performa...
Happiest Minds Technologies Ltd to acquire PureSoftware Technologies for USD 94.5 million, focusing on enhancing domain capabilities in BFSI and healthcare verticals, and expanding global presenc...
Honasa Consumer is a leader in a bounty of new personal-care niche brands challenging global giants in India, according to Redseer Management Consulting Pvt
IBM's $6.4B acquisition of HashiCorp bolsters its AI presence through cloud expansion, despite Q1 revenue missing estimates. The deal, funded by cash, aligns with IBM's strategic focus on AI and ...
Swiggy IPO: Swiggy plans to raise up to Rs 3,750 crore ($450 million) in fresh capital, in addition to an offer-for-sale (OFS) component of up to Rs 6,664 crore ($800 million). The food-delivery ...
Meta's Q1 profit surged, beating estimates, yet stock slumped post higher expense forecast. Zuckerberg emphasizes long-term investments and positive Meta AI feedback.
The government of the Democratic Republic of Congo is accusing Apple of using "illegally exploited" minerals extracted from the country's embattled east in its products, lawyers representing the ...
Microsoft leads in cloud market with AI tools like Copilot, while Amazon and Google-parent Alphabet lag. Azure revenue growth surpasses Amazon Web Service. Morgan Stanley expects major revenue fr...
CMA investigates Microsoft-Mistral AI, Amazon-Anthropic partnerships, Open AI collaboration. U.S. FTC orders data from generative AI firms, cloud providers. Report by Shabong, Sandle, Coulter.
TikTok CEO Chew optimistic in legal fight against Biden's TikTok ban. ByteDance has 270 days to sell U.S. assets. Concerns over Chinese ownership. U.S. lawmakers pass bill. Tech war between Washi...
Happy Thursday! Singapore investor Temasek and US-based fund Fidelity are preparing for a $200-million funding round in Lenskart along with Fidelity.
This round would take homegrown eyewear company Lenskart's valuation to over three times that of Warby Parker, a New York-based online retailer for spectacles and contact lens. Warby Parker liste...
An analysis of employment contracts of top IT leaders shows that in recent years, payments to exiting CEOs at companies such as Tata Consultancy Services (TCS), Cognizant and Wipro have ranged fr...
Walmart-owned ecommerce major Flipkart is collaborating with Polygon for its web3 plans and aims to go deep with this partnership this year, which can help change the way Indians shop and engage ...
Valued at about $30 billion, MongoDB counts Tata Digital, Tata AIG, Canara HSBC Life Insurance, Zomato, Devnagri, Ambee, Inovaare and Observe.AI among its key clients.
TikTok's CEO vowed Wednesday to fight in the courts to overturn a newly signed US law that could see the popular app banned due to allegations it is controlled by the Chinese government. American...
On election day, voters can avail free rides on the Rapido app using the code ‘VOTENOW’ and exercise their democratic right, the company said in a statement. Rapido will deploy over 10 lakh c...
Gurgaon-based firm Zomato is starting priority deliveries, wherein users can pay extra to get orders delivered faster. The extra charge for priority deliveries is applicable to members of the com...
IT services company LTIMindtree reported a consolidated net profit of Rs 1,100 crore for the March quarter, down 1% year-on-year (YoY). The profit was less than the Street estimate of Rs 1,150 cr...
Edtech firms seeing strong demand for courses related to ESG reporting, climate technology, carbon accounting, lifecycle analyses
Electric bike maker Ultraviolette is set to begin deliveries of its bikes in European Union (EU) markets like Turkey, Spain and Germany from the second half of this year.
PhonePe has returned to the drawing board to review its ecommerce strategy. This and more in today’s ETtech Top 5.
A ‘Bharat Women Aspiration Index Report’ by Tide India reveals a critical gap: 95% of surveyed women lack awareness of government schemes that could help finance their businesses, forcing the...
According to the FIR, in March 2021, the company’s cofounder Dhruv Kapoor and its former chief operating officer Aadi Vaidya allegedly threatened Bose and sought sexual favours.
The two-year partnership wants to strengthen the startup ecosystem by facilitating collaboration between ADIF's network of startups and entrepreneurs, and IIT Guwahati's pool of innovators, facul...
The subdued outlook is attributed to continuing global macroeconomic headwinds lead to modest increase in technology spends in the key markets of the US and Europe.
CloudExtel secures funding with investments from Macquarie Capital, Advencap. Expansion focus on fiberized towers, data centers, FTTH in top cities.
Apple will reveal new iPad Pro and iPad Air models at an event on May 7 in Cupertino. The launch signifies Apple's first lineup overhaul since 2018, aiming to combat declining sales with innovati...
PhonePe is restructuring its ONDC strategy by exiting several non-food categories. The Walmart-owned company unveiled its ecommerce venture Pincode on ONDC in 2023 offering grocery, food delivery...
Legal issues have intensified for Good Glamm group as disputes over payments and investments have emerged. The company has initiated arbitration against Indian Angel Network, which served Good Gl...
Binance's founder, Changpeng Zhao, may serve 36 months in prison for money laundering violations. U.S. prosecutors push for this sentence due to the firm's ties to terrorist groups, child abuse m...
LetsTransport raised $22 million led by Bertelsmann India Investments, with key participation from various investors. The funds will support market expansion, business vertical scaling, and profi...