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The Latest Breaking News from ET

Zuckerberg bets on Kunal Shah for WhatsApp’s aggressive financial services, AI push

Meta's WhatsApp is set for a major financial services and AI push with Kunal Shah at the helm. This move aims to leverage AI agents and the Meta AI chatbot to drive growth, particularly in India, a key market with over half a billion users. Shah's appointment signals India's growing…

The Economic Times

Inside Meta's India investments: First Reliance, now Cred

This was among the tech giant's biggest investments in the Indian startup ecosystem, which also shot Shah into the elite club of global tech leaders. Zooming out, here’s a look at Meta’s other investments in India, one of its biggest and most lucrative markets.

The Economic Times

RBI clears loans, SBLCs against FCNR(B) deposits under swap scheme

Banks can now offer loans to non-residents and issue standby letters of credit against FCNR(B) deposits under the RBI's swap facility. This regulatory clarity from the central bank allows Indian banks, including overseas branches, to lend to non-residents who then place these funds as FCNR(B) deposits, serving as collateral. This…

The Economic Times

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RBI clarifies FCNR(B) loan, SBLC eligibility under swap scheme

Indian banks can now offer loans to non-residents and issue standby letters of credit against FCNR(B) deposits under a new RBI swap facility. The central bank clarified that this swap covers only the principal amount of eligible deposits, not interest. This move aims to boost foreign currency inflows by allowing…

The Economic Times

Beyond brand visibility: Why media partnerships matter for business growth and thought leadership

As digital advertising becomes more crowded, brands are reconsidering their strategies to reach business audiences and decision-makers. Media partnerships, branded content, thought leadership, and advertising on The Economic Times can help organisations build credibility, strengthen brand awareness, and connect with senior business leaders in a trusted environment that goes beyond…

The Economic Times

NCLT posts Byjus-Aakash hearing for July 16 as parties seek time for settlement

Aakash Educational Services and Think & Learn's resolution professional requested a delay in NCLT proceedings, citing advanced settlement talks for the Aakash shareholding dispute. The National Company Law Tribunal has adjourned the matter to July 16, expecting a resolution. This development follows reports of ongoing settlement discussions between Manipal Education…

The Economic Times

Telegram vs MeitY: From takedown orders to temporary ban, a look at the history of clashes with the social media platform

MeitY’s most severe platform-wide intervention latest flashpoint in long history of clashes between Telegram and authorities in India.

The Economic Times

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NPCI plans to enable unified e-mandate tracking for all UPI apps

The National Payments Corporation of India is set to unify UPI e-mandate management for all third-party apps, allowing users to view subscriptions in one place. While viewing will be centralised, cancellations will still require visiting the original booking app. This move aims to simplify the rapidly growing UPI AutoPay feature,…

The Economic Times

Cybersecurity firm Mitigata raises $15 million funding led by Bessemer Venture Partners

Bengaluru-based cybersecurity firm Mitigata has secured $15 million in a funding round led by Bessemer Venture Partners. The capital infusion will fuel headcount expansion, bolster research and development, and drive international market entry into the Middle East and Southeast Asia. Mitigata's AI-powered platform offers comprehensive cybersecurity solutions, addressing the escalating…

The Economic Times

Software-hardware loop fuelling all new AI super cycle

While energy and cooling challenges persist, a lot more hardware requirements are expected to emerge, Synopsys CIO Sriram Sitaraman told ET. While energy and cooling pose challenges, innovation is anticipated to overcome these. Enterprises are also seeing productivity boosts from AI in repetitive tasks, shifting towards efficient model usage and…

The Economic Times

Who is Will Cathcart? WhatsApp leader exits after steering it through privacy battles, monetisation push

Cathcart’s departure comes at a time when WhatsApp is in the middle of a transition. Under him, the platform recently rolled out Meta’s AI assistant powered by its latest model, Muse Spark, alongside privacy-focused features such as “incognito chat” built on confidential computing infrastructure using chips from AMD and Nvidia.

The Economic Times

Harley-Davidson's Entry-Level Motorcycle Is A Smash Overseas. Will The US-Bound Model Do the Same?

The MoCo's partnership with Indian motorcycle giant Hero MotoCorp has already seen success, and more models are reportedly on the way very soon.

RideApart

Deeptech startup BioCompute is moving out of India; founder explains why

Founded in 2024, BioCompute is developing DNA-based data storage technology that converts digital data into synthetic DNA sequences, enabling ultra-dense, energy-efficient storage capable of archiving vast amounts of information in a tiny physical footprint.

The Economic Times

PE firms, mid-market companies drive India’s new GCC wave

India's Global Capability Centre (GCC) landscape is shifting, with private equity-backed and mid-market firms now driving significant expansion. These companies are leveraging GCCs beyond cost savings to build advanced capabilities in AI and engineering, creating substantial value for their portfolios. This trend signifies a maturing strategy for PE firms, moving…

The Economic Times

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The Economic Times

Inside Zepto's profit push ahead of its IPO

Zepto's upcoming $1 billion IPO highlights the quick commerce sector's investment surge. Despite strong order volumes, Zepto's aggressive low-price strategy has led to significant operating losses, though per-order losses are narrowing. Investors will closely watch its ability to improve monetisation and profitability while maintaining growth.

The Economic Times

Meta AI glasses pilot faces privacy scrutiny

Privacy experts are flagging significant risks with Meta's AI glasses pilot for visually impaired citizens in Gujarat. Concerns centre on potential privacy violations for users and bystanders due to always-on cameras, and challenges under India's data protection law. While the technology promises independence, calls are mounting for stringent safeguards against…

The Economic Times

Jio revs up IPO engine; Accenture shock sinks IT

Jio Platforms has kicked off its IPO process with the filing of its draft papers with Sebi. This and more in today's ETtech Top 5.

The Economic Times

Reliance Jio eyes India's own satellite broadband network

Reliance Jio is exploring a plan to build its own satellite network for India. This initiative aims to bring internet access to remote areas. The company is also partnering with global satellite providers. This dual approach will speed up service delivery. Jio is establishing ground stations to support this ambitious…

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The Economic Times

Reliance Jio Telecom Business: Ambanis bet on 5G, AI and broadband in five-point blueprint for Jio's next chapter

Reliance Jio remains India's telecom leader with aggressive 5G expansion, growing subscriber numbers, and new digital services featured prominently at the AGM. Reliance Jio announced five strategic growth commitments, including expanding 5G adoption and broadband access, as its subscriber base surpassed 524 million. The company is also venturing into satellite…

The Economic Times

HealthQuad raises Rs 550 crore, eyes Rs 1,700 crore fund

HealthQuad has secured Rs 550 crore for its third fund. The venture capital firm aims to raise Rs 1,700 crore to back early-growth companies in healthtech, medtech, and biopharma technology. This new fund will focus on innovative healthcare delivery models. HealthQuad expects to close the fund by mid-next year.

The Economic Times

L’Oréal-Innovist deal: early investors cash in big, founders pocket Rs 800-900 crore

L'Oréal announced on Thursday that it would acquire a majority stake in Innovist. While the companies did not disclose financial details, people familiar with the transaction told ET that the deal values the Gurugram-based startup at around Rs 4,100 crore.

The Economic Times

PE firms join GCC boom, push portfolio companies to set up captive centres

Private equity-backed firms are increasingly establishing Global Capability Centres (GCCs) in India, moving beyond cost savings to build AI, engineering, and product capabilities. This trend signifies a shift from large corporations to mid-market companies leveraging GCCs as a strategic value-creation tool for portfolio companies.

The Economic Times

Fintechs bet big on corporate bonds as retail participation surges

Retail investors are increasingly participating in corporate bonds, with monthly investments surging to Rs 1,500-2,000 crore. This growth is driven by increased advertising, investor education, and a wider range of issuers. Fintech platforms are actively expanding their offerings in this segment, recognizing bonds as a significant growth opportunity.

The Economic Times

Electronics now third largest export category, next target second rank: Ashwini Vaishnaw

India's electronics exports are surging, now its third-largest category, with ambitions to become second. The nation's electronics manufacturing sector is valued at Rs 13 lakh crore. The minister was speaking at the inauguration of American electronics manufacturing services firm Jabil’s new advanced facility in Pune.

The Economic Times

India key to Mercedes’ technology stack, autonomous-driving ambitions: CTO Jörg Burzer

Mercedes-Benz is significantly leveraging its Indian R&D center in Bengaluru for its biggest software transformation to date, MB.OS, which will power future S-Class models and other vehicles. This proprietary operating system, designed with AI integration, is crucial for the automaker's shift towards software-defined platforms and autonomous driving ambitions.

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