Blinkit boosts Zomato's value surpassing its food delivery business. Blinkit’s implied value is Rs 119 per share, while Zomato’s food delivery business is valued at Rs 98 per share.
Capria Ventures concluded the Rs 153 crore fundraising for the India Opportunity Fund. The fund, which had invested in Awign in February last year, will return more than 20% of the invested capit...
Tesla's new strategy focuses on offering more affordable models using existing platforms, steering away from the Model 2. The shift mirrors traditional automakers, sparking investor optimism desp...
Elon Musk's platform X resists ban on bishop stabbing video, sparking debate. Musk criticizes officials over alleged eSafety rule plot. Teen charged in attack, leading to police raids for extremi...
The US-India Business Council's AI Task Force, co-chaired by Meta, drives cross-sector collaboration in AI. Infosys, UPS, BNY Mellon join the AI Board Advisory Committee to enhance innovation and...
Mphasis reported a 2.9% net profit decline to Rs 393.22 crore and a 1.5% revenue drop to Rs 3,412 crore. Full-year results showed a 5% profit decrease and a 3.7% revenue dip in FY24. Deal wins to...
ByteDance considers shutting down TikTok over U.S. ban legislation, unlikely to sell due to crucial algorithms. China opposes forced sale. Mnuchin shows interest. ByteDance's secret: the TikTok a...
Snap exceeded revenue and user growth expectations, with shares spiking 25%. Improved ad system and user interaction drove Q1 revenue to $1.2 billion. Daily Snapchat users increased to 422 millio...
Intel predicts lower Q2 revenue and profit, shares down 8%. Weak demand for data center, PC chips. Nvidia leads AI market. Gelsinger optimistic about Intel rebound.
Microsoft beats revenue expectations with AI adoption in cloud services. Stock jumps 4%. Forecasted cloud revenue above Wall Street. Microsoft's value increased by $128 billion. Azure revenue exc...
Alphabet announced its first dividend and a $70 billion stock buyback, leading to a 16% stock surge. The company invests in data centers for AI competition, beating sales and profit expectations,...
Happy Friday! Omnichannel retailer FirstCry will refile its IPO papers following queries from Sebi. This came right on the back of Swiggy’s $1.25 billion proposed IPO receiving shareholder nod....
Tata Electronics is internally developing "very sophisticated" and complex high-precision machines used to produce the casing of these iPhone, sources told ET.
The profit stood at Rs 1,118 crore in last year's March quarter. Sequentially, profit grew 29.6% from Rs 510 crore in the December quarter because of a one-off gain.
Former Zomato executive Gupta will steer the venture as CEO, Bansal to stay away from operations. The fashion startup will focus on offline play in the premium women's wear fashion category and e...
PayU-owned Wibmo is emerging as a key offering for Naspers-backed PayU which is looking to venture deeper into business payments and enter newer markets.
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...