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The Latest Breaking News from ET

AI spooks IT valuations; Groww promoters cut stake

AI has pushed valuations of India’s top IT firms to 2008-09 levels. This and more in today’s ETtech Top 5.

The Economic Times

Trading platform Trackk raises $3.7 million led by Lightspeed Ventures

Trackk, a stock trading platform for Gen Z investors, has secured $3.7 million in a funding round. Lightspeed Ventures led the investment. The platform uses AI for stock discovery and simplified trading. Trackk aims to expand its product offerings and marketing efforts with this capital.

The Economic Times

Unacademy’s test prep CEO Sumit Jain quits ahead of upGrad acquisition

Sumit Jain has stepped down from his role in Unacademy, ahead of a potential merger with upGrad Education. Jain, who joined Unacademy in 2020, will continue as an advisor. His departure follows the companies filing for merger approval with the Competition Commission of India.

The Economic Times

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Gig workers' incentives cool; YC attendees resell AI credits

Happy Tuesday! Despite a shortage of delivery workers, payouts for gig riders have increased only slightly this summer. This and more in today's ETtech Morning Dispatch.

The Economic Times

Indian agentic AI companies hitting it out of park, raise $60 million in 2026

The momentum continues from last year, when investments in agentic AI startups nearly doubled to $144 million from $75 million in 2024, show data from Venture Intelligence. They raised $121 million in 2023.

The Economic Times

It’s a summer of discontent for delivery riders as incentives dip

Companies have limited payout increases to select high-demand micro-markets instead of implementing broad-based hikes this year. The pressure on rider earnings due to fuel price rise came into focus on Saturday when gig workers held a nationwide strike to demand higher payouts and a revised incentive structure.

The Economic Times

IT navigates all-new ‘pay-to-play’ AI token landscape

As AI adoption grows, IT service providers and clients are grappling with calculating the cost-benefit of token usage. With a shift towards usage-based models, companies are focusing on measuring the actual business impact of AI spend, acknowledging that direct one-to-one benefits aren't always guaranteed during this innovation phase.

The Economic Times

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Indian founders flip Y Combinator’s $25,000 AI tokens for quick bucks

A grey market for discounted AI credits has emerged following Y Combinator's Startup School in India. Attendees are selling free credits for AWS, Azure, and OpenAI at reduced prices, with some facing activation issues and restrictions. These messages are from founders, engineers and student builders.

The Economic Times

Uber CEO on Travis Kalanick; Micron’s warning to India

Dara Khosrowshahi told ET in an interaction that Uber is open to collaborating with founder Travis Kalanick. This and more in today’s ETtech Top 5.

The Economic Times

Dara Khosrowshahi on Uber’s India bets, AI & jobs; Nvidia’s Simplismart bet

Happy Monday! Uber CEO Dara Khosrowshahi sat down with ET to discuss the company’s ambitions in (and for) India, among other things. This and more in today’s ETtech Morning Dispatch.

The Economic Times

Nvidia may lead AI startup Simplismart’s $20 million fundraise at $100 million valuation

Chipmaking giant Nvidia is reportedly in advanced talks to lead a $20 million funding round for Simplismart, valuing the AI infrastructure startup at approximately $100 million. Earlier this year, Simplismart said its AI inference platform would be made available on Nvidia infrastructure as the startup expanded its enterprise AI offerings.

The Economic Times

Uber CEO Dara Khosrowshahi on India bets, Travis Kalanick, jobs in the AI era & more

Uber CEO Dara Khosrowshahi anticipates India becoming its largest market in a decade, highlighting dynamic growth and talent. The company is investing in tech centres and a data centre partnership with Adani Group, while exploring logistics and local commerce opportunities.

The Economic Times

Micron urges Indian firms to plan ahead as AI memory crunch set to deepen through 2028

A top Micron executive warns the global semiconductor memory shortage, fueled by the AI boom, is severe and could extend beyond 2028. Indian firms risk being unprepared due to price sensitivity and a reluctance to commit to long-term procurement contracts, despite the nation's push for sovereign AI infrastructure.

The Economic Times

Chinese airline passenger spots Boeing 737 anomaly in viral video claims, airline grounds plane after inspection

A Shenzhen Airlines flight was canceled after a passenger alerted cabin crew to a suspected irregularity on the aircraft's wing before boarding. The chief flight attendant escalated the concern to the cockpit, leading to the termination of all subsequent operations for the Boeing 737. The airline later contacted the passenger,…

The Economic Times

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The Economic Times

Kerala Lottery Samrudhi SM-55 result out today (17-05-2026); Rs 1 crore prize winning number and full list here

Kerala lottery results today: The official results for the Kerala Lottery Samrudhi SM-55 are out, offering participants a chance to win prizes ranging from a ₹1 crore jackpot to smaller consolations. The weekly draw features multiple prize tiers, with details on how to check winning numbers and claim prizes available…

The Economic Times

Nogaland Lottery Sambad Result out today (16-05-2026): Check Rs 1 crore prize winning number and full list

The Nagaland State Lottery Sambad DEAR VISION Morning draw for May 16, 2026, has announced its winning numbers. A ticket holder secured the Rs 1 crore first prize with number 99L 02659. The lottery, known for its affordability and transparency, offers daily draws with various prize tiers.

The Economic Times

Kerala Lottery Karunya KR-754 result out today (16-05-2026); Rs 1 crore prize winning number and full list here

The Karunya KR-754 lottery results are announced today at 3 PM. Ticket holders can check their numbers for a chance to win prizes. The top prize is a ₹1 crore jackpot. Other prizes include ₹25 lakh and ₹10 lakh. Smaller prizes are also available. Winners can claim their prizes from…

Cinemablend

A Secret Lives Of Mormon Wives: OC Star Got Very Real About Why She Joined The Show: 'My Not PR Answer Would Be...'

I wasn't expecting this!

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The Economic Times

Flipkart puts IPO on ice; Rapido's $240 million raise

Flipkart has hit pause on its IPO in a jittery market. This and more in today's ETtech Top 5.

The Economic Times

Flipkart pauses IPO discussions amid rising volatility in markets

Walmart-owned Flipkart has indefinitely paused its IPO plans due to rising market volatility and a crowded pipeline of upcoming public issues. This decision follows similar postponements by other major tech firms, as Flipkart focuses on aggressive investment in its quick commerce arm, Flipkart Minutes, to drive growth amidst stagnating e-commerce…

The Economic Times

PE firm Lightrock launches $500 million fund for companies focused on energy transition, EVs

London's Lightrock has launched a $500 million fund, Accelerate7, to scale energy access and clean cooking firms in South Asia, Southeast Asia, and Sub-Saharan Africa. Investing $10-50 million in growth-stage companies, the fund targets electricity, clean cooking, electric mobility, and energy storage, backed by major energy players.

The Economic Times

Rapido raises $240 million from Prosus, WestBridge, Accel; valuation hits $3 billion

Urban mobility startup Rapido has secured $240 million in a funding round led by Prosus, valuing the company at $3 billion. This raise is part of a larger $730 million round and will be used to expand markets, grow its captain network, and enhance technology.

The Economic Times

D2C brands feel the pinch as consumers cut spending

Rising input costs and shrinking demand are squeezing smaller brands, with consumer spending projected to drop 5-6% next quarter. D2C brands face pressure as inflation and a weakening rupee push consumers towards essential purchases, impacting discretionary spending and average order values. Companies are absorbing costs or planning price hikes up…

The Economic Times

After mass layoffs, Oracle pulls campus offers at IITs & NITs

US tech giant Oracle has rescinded dozens of job offers extended to students at premier Indian engineering institutes, including IITs and NITs. This development, impacting both full-time and internship roles, has caused major anxiety among students as the placement season nears its end amidst a slow tech hiring market.

Cinemablend

Florence Pugh Gets Real About Releasing Avengers: Doomsday And Dune: Part Three On The Same Day After Taking A Lot Of Time Off

It's Pugh's world, and we're all just living in it.

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