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The Latest Breaking News from ET

Uber to add two new tech centres in India: CEO Dara Khosrowshahi at Bengaluru townhall

Uber CEO Dara Khosrowshahi announced plans for two new tech centers in Bengaluru and Hyderabad by the end of 2027, significantly expanding its India footprint. The company is also prioritising its two-wheeler market, which has become a key growth segment despite regulatory hurdles and rising fuel prices.

The Economic Times

An ancient warning hangs over the Trump-Xi summit bonhomie

Chinese President Xi Jinping invoked the "Thucydides trap" at his summit with US President Donald Trump, highlighting the risk of war between a rising and established superpower. The meeting aimed to manage escalating tensions amid trade disputes, Taiwan's status, and technological rivalry, acknowledging that competition must be controlled to avoid…

The Economic Times

Zydus Lifesciences shares jump 6% on buyback buzz; co announces $166 mn Assertio acquisition

Zydus Lifesciences shares witnessed a spike on Thursday after the company said its board will meet on May 19 to consider a share buyback. The stock also gained momentum as Zydus announced a $166 million acquisition of US-based Assertio. Investor sentiment improved on expectations of capital return and strategic business…

The Economic Times

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Ex-Peak XV trio raises Mettle; Fintechs go licence hunting

Happy Thursday! Three former Peak XV MDs, who abruptly left the VC firm, are launching Mettle Capital to back Indian startups. This and more in today's ETtech Morning Dispatch.

The Economic Times

Mphasis playing host to a high-stakes game of executive musical chairs

Mphasis faces a wave of senior executive departures. Over a dozen high-performing leaders have left since 2025 for competitors such as Coforge and Tenarai. Some executives are reportedly taking other talent with them. Mphasis is actively hiring to counter these losses. The company has also initiated legal action against Coforge…

The Economic Times

For Meta AI, India tops the global charts: Will Cathcart

India leads globally in Meta AI's monthly active users on WhatsApp, with conversations surging post-Muse Spark launch. To enhance privacy, WhatsApp is introducing an 'incognito mode' for AI chats, allowing users to interact without sharing personal data, though this impacts model training.

The Economic Times

Ex-Peak XV trio launches Mettle Capital, targets $350–400 million fund to back Indian startups

Three former Peak XV Partners, Ashish Agrawal, Ishaan Mittal, and Tejeshwi Sharma, have launched Mettle Capital. The new venture capital fund aims to raise $350-400 million. Mettle Capital will invest in Indian startups at Series A and B stages, with selective seed bets. The fund plans to close its fundraising…

The Economic Times

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Scoop: Ex-Peak XV trio launches Mettle Capital, targets $350–400 million fund to back Indian startups

The Economic Times

Activate picks stake in ElevenLabs in first global growth-stage AI bet

Venture capital firm Activate has made its first global growth-stage AI investment in ElevenLabs. This New York-based voice AI company considers India a key market. Activate will partner with ElevenLabs in India to strengthen enterprise relationships and offer early-stage Indian startups access to its voice infrastructure. ElevenLabs is experiencing rapid…

The Economic Times

Everything We Know About the 2026 College Football Schedule

Here’s everything we know about the 2026 college football schedule so far, including kickoff times and “College GameDay” sites.

Sports Illustrated

Uber's India data centre bet; Cyber cover meets AI risk

Uber will establish its first data centre in India with the Adani Group. This and more in today’s ETtech Top 5.

The Economic Times

Ixigo launches fully AI-native app and assistant, introduces agentic travel features

Travel platform ixigo has launched an AI-native app designed for seamless travel discovery, decision-making, and booking through natural voice interactions. The upgraded app features an AI travel assistant, TARA, offering hyper-personalized recommendations and handling complex queries.

The Economic Times

Dhan parent enters insurance broking with GreenLife Insurance acquisition

Raise Financial, parent of stock trading platform Dhan, has acquired GreenLife Insurance for approximately $15 million in a cash and stock deal. This strategic move aims to build a direct consumer and insurance distribution business, leveraging GreenLife's decade-long expertise.

The Economic Times

Groww investors reap bumper returns; Lightspeed’s India rethink

Happy Wednesday! Groww delivered strong gains to early investors after the IPO lock-in expired. This and more in today’s ETtech Morning Dispatch.

The Economic Times

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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

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

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.

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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

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,…

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