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The Latest Breaking News from ET

Electric two-wheeler makers brace for raw material price hikes, AI infra pressure

Electric two-wheeler manufacturers are facing significant margin pressure and potential price hikes due to soaring raw material costs and supply chain disruptions. Geopolitical tensions and increased demand for AI infrastructure are exacerbating these challenges, impacting critical components like lithium-ion cells and memory chips.

The Economic Times

Lightspeed eyes new India fund, plans smaller corpus of $300–350 million amid AI focus

The venture capital firm, which was initially looking to raise as much as $500 million for its fifth India fund, has now cut the target size to around $300-350 million, the people said, requesting anonymity as the discussions are private.

The Economic Times

90% of mature AI adopters cut BPO spends, says Z47-OpenAI report

The report, The India AI Edge: How India Uses AI, based on OpenAI’s India usage data and a survey of more than 100 CXOs, found that more than a third of mature adopters have cut outsourced work by over 25%. It also said that most additional AI spending is not…

The Economic Times

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Groww investors make bank; Mobikwik, Fractal's Q4 profits surge

Groww delivered strong returns to early investors after the IPO lock-in expired. This and more in today's ETtech Top 5.

The Economic Times

'Nobody will fly': India's plane versus train battle gets a twist

India's Railway Minister said upcoming bullet trains will dominate short-haul routes like Mumbai-Pune and Bengaluru-Chennai, mirroring global trends. This strategic shift prioritises high-speed rail for premium intercity travel, potentially reshaping India's transport landscape and economic integration by compressing travel times and fostering regional growth.

The Economic Times

Uber CEO Dara Khosrowshahi begins five-day India visit; meets finance minister Nirmala Sitharaman

Uber CEO Dara Khosrowshahi is in India, meeting top ministers to discuss strategic investments and platform growth. He highlighted a quadrupling of earners on Uber's platform since 2022, emphasising partnership for India's development. The visit occurs amid heightened competition and Uber's focus on premium services and fleet operator investments.

The Economic Times

Amid PM Modi's 'no gold buy' appeal, a scheme that planned mobilisation of idle gold at homes gets spotlight

The gems and jewellery sector is urging the government to strengthen the Gold Monetisation Scheme. Industry bodies believe domestic gold mobilisation and recycling offer a better solution to foreign exchange issues. They suggest this approach over deferring gold purchases, which could impact millions of livelihoods.

The Economic Times

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PM Modi Work from Home Advisory Updates: Here's what IT companies, industry bodies and leaders are saying about WFH shift

Prime Minister Narendra Modi has called for a return to work-from-home and virtual meetings. Businesses are reviewing remote work options. Citizens are urged to reduce fuel consumption, use public transport, and avoid unnecessary foreign travel. The appeal also includes reducing non-essential gold and edible oil purchases, and preferring Made-in-India products…

The Economic Times

Peak XV, YC and Ribbit pocket up to 94x returns from Groww stake sales as IPO lock-in ends

Groww's early investors have sold shares after their IPO lock-in period ended. This move has generated massive returns for firms like Peak XV, Ribbit Capital, and Y Combinator. The block deal involved millions of shares. Groww's stock has seen significant growth since its listing.

The Economic Times

Consumer appliance manufacturer Mekr Technologies raises Rs 67 crore from Avaana Capital, Titan

Mekr Technologies, a consumer appliance startup, has secured Rs 67 crore in funding. This capital will boost manufacturing capacity and expand exports of Indian-made home and kitchen appliances. The company aims to reduce import dependency by indigenizing product manufacturing. Mekr partners with major brands, handling design, engineering, and assembly. This…

The Economic Times

GitLab to cut jobs, reinvest in AI agents push: CEO Bill Staples

GitLab is cutting jobs to redirect resources towards the growing market for AI agents, aiming to capitalize on emerging "agentic" opportunities. The company plans to reduce management layers and reorganise R&D teams, integrating AI agents to automate internal workflows and improve efficiency. While some roles may be enhanced by AI,…

The Economic Times

Amazon primes a Blinkit showdown; New insurance models prop up

Happy Tuesday! Amazon's late but strong push into quick commerce is unsettling market leader Blinkit. This and more in today's ETtech Morning Dispatch.

The Economic Times

Riding the AI buck: Rising API, usage-based costs force a rethink

As enterprises rapidly scale AI adoption, soaring API and usage-based costs are forcing companies to rethink spending, introduce guardrails and, in some cases, hire humans instead. Swathi Moorthy weighs in.

The Economic Times

ETtech In-depth: Amazon’s quick commerce blitz rattles Blinkit’s playbook

Amazon's aggressive 10-minute delivery push is intensifying competition in India's quick commerce market, putting pressure on leader Blinkit. While Blinkit previously focused on premium customers, it's now recalibrating strategy amid rising competition. Amazon leverages its Prime membership for speed and selection, aiming to capture the same urban, high-frequency shopper.

The Economic Times

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Cinemablend

James Cameron Revealed The Sweet (And Very Fitting) Gift Kate Winslet Sent Him Before She Was Cast In Titanic

Cue up the Celine Dion.

The Economic Times

Digital gold and silver players form self-regulatory body for greater consumer protection

India's digital precious metals industry has launched the Digital Precious Metals Assurance Council of India (DPMACI), a self-regulatory body aimed at bolstering consumer protection. Chaired by Nirupama Soundararajan, the council will enforce operational and governance standards, including 1:1 physical backing verification and insured vaulting, to enhance trust in the growing…

The Economic Times

Lifestyle accessories brand DailyObjects in talks to close Rs 300 crore funding

Lifestyle accessories brand DailyObjects is in advanced talks to secure Rs 300 crore in a funding round led by Xponentia Capital, valuing the company at Rs 1,000 crore. This investment will fuel an expansion of its omnichannel presence, including over 100 new physical stores and international market entry.

The Economic Times

Instant househelp orders jump; Agnikul eyes new funding

Happy Monday! Instant house help startups collectively reached three million monthly bookings in April. This and more in today's ETtech Morning Dispatch.

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The Economic Times

Clients moving beyond AI pilots to roadmaps with clear returns: Hexaware CEO

Client spending on AI has shifted from experimentation to concrete roadmaps with immediate ROI expectations, according to Hexaware CEO R Srikrishna. He emphasized that AI model companies entering services won't threaten large IT firms, as enterprise transformation requires specialized implementation expertise. Trust in customer relationships will be the key differentiator…

The Economic Times

Instant house help startups see bookings top three million in April amid labour shortage

As platforms raise prices and battle for workers, questions are emerging around the long-term size and profitability of the 10-minute househelp market. Companies are now expanding into adjacent categories such as cooking and car washing to deepen engagement and drive growth.

The Economic Times

Spacetech firm Agnikul eyes $50-75 million at flat $500 million value

Spacetech startup Agnikul Cosmos is reportedly in talks to raise $50-75 million at a $500 million valuation. This potential funding round, similar to its November raise, highlights investor confidence in India's growing private space sector. The funds are earmarked for expanding production capabilities as the company progresses towards commercial deployment.

The Economic Times

Paperwork causing AI mission lag as startups flag funding, IP concerns

IndiaAI mission startups face delays in formal agreements, impacting non-compute support and raising IP concerns. While compute access is provided, founders report operational hurdles and potential timeline shifts due to pending MoUs. The government is exploring advance payments to mitigate these issues.

The Economic Times

ETtech Explainer: AI is writing most of the code for companies — what this means

AI is now writing a large part of code for tech companies. Google, Microsoft, Meta, and Indian firms like Meesho and Freshworks are using AI extensively. This shift boosts productivity. Developers are focusing on complex tasks and quality.

The Economic Times

India labour market remodels itself bit by bit

India's labour market is undergoing a structural transformation driven by the country's broader economic transition, according to a report by SBI Research based on the latest Periodic Labour Force Survey (PLFS) 2025 unit-level data.

Cinemablend

How Kendall Jenner's Epic Met Gala Moment Was Actually Created

A true melding of fashion and art.

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