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The Latest Breaking News from ET

Shower steam burns Rs 1.3 lakh hole in woman’s pocket after fire alarm goes off

An Indian woman living in Australia, identified as Vamika, has claimed she was charged A$1,800, around Rs 1.3 lakh, after steam from a five-minute shower allegedly triggered a building fire alarm. She said the alarm sounded after she showered without using the exhaust fan. Her account, which has not been…

The Economic Times

Shiprocket lifts off: The fire that fuels the new logistics engine

Shiprocket’s strong stock market debut reflects surging investor confidence in India’s tech-driven e-commerce infrastructure. As rapid D2C expansion, SMB digitization, and quick commerce transform Tier-2 and Tier-3 markets, Shiprocket’s neutral API aggregation model unifies a fragmented logistics ecosystem. Beyond core shipping aggregation, the platform's long-term growth is powered by expanding…

The Economic Times

Swiggy employees get Monday off if national holiday falls on weekend, says AVP Saptarshi Prakash

Swiggy executive Saptarshi Prakash has highlighted the company's policy of granting employees the following Monday off when a mandatory public holiday falls on a weekend. The benefit, which he called one of Swiggy's "most underrated" workplace policies, sparked discussion on LinkedIn about employee benefits, compensatory leave and statutory rights concerning…

The Economic Times

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Delhi Lakshmi Yojana payout begins Sep 1, pension letters from Aug 27

Eligible women will receive Lakshmi Yojana pension letters starting August twenty-seventh. Monthly financial assistance will be credited directly to bank accounts from September first. An event at Talkatora Stadium will distribute the pension letters to beneficiaries. District committees are directed to speed up application verification for timely benefits. The Yojana…

The Economic Times

High tech, but low trust: Agentic tech meets old-school scepticism at AI checkout

AI’s ecommerce ambitions are hitting a reality check as trust and changing buying habits are holding back chatbot-led commerce, writes Swathi Moorthy

The Economic Times

Navi’s FY26 loss widens fourfold on UPI investments; eyes FY27 profitability

Navi reported a notable increase in net losses for FY26, largely attributed to its strategic investments in UPI and new market initiatives. Despite this setback, the company projects a turnaround to profitability in FY27. UPI is recognised as a vital mechanism for attracting customers, and lending remains a core source…

The Economic Times

The audience behind the algorithm: How ET helps turn your AI ambition into business strategy

A strategic look at how ET’s Partner With Us initiative enables enterprise technology brands like Snowflake to reach influential decision-makers, build authority around AI and data, and turn visibility into meaningful business conversations and substantial opportunities.

The Economic Times

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From kirana to currency: Small towns are scrambling for dollars

Small towns now lead India's foreign exchange demand, surpassing major cities. This shift indicates rising prosperity and global lifestyle choices among their residents. Consumers from these areas are increasingly spending on international travel and education. This trend reflects a significant evolution in India's domestic consumption patterns. The financialization and digital…

The Economic Times

Voltas, Atomberg Innovation plan 50:50 venture to manufacture AC compressors

Voltas’ board approved a binding term sheet with Atomberg Innovation Private Limited on Friday, an exchange filing showed. The venture will be owned equally, although Voltas will nominate three directors to its five-member board and Atomberg Innovation two. Voltas owns no stake in Atomberg Innovation.

The Economic Times

Pirojsha Godrej: The fourth-generation scion taking the reins at century-old Godrej Industries

Pirojsha Godrej, the youngest of Adi Godrej’s three children, has taken a winding path from politics to property and now the Godrej Industries Group’s corner office. From building Godrej Properties into a real estate powerhouse to founding Godrej Capital and Godrej Ventures, his journey blends family legacy, business ambition and…

The Economic Times

Noel Tata: The Tata likely behind Bombay House’s next move

Noel Tata is now central to the Tata group's leadership transition. He chairs Tata Trusts, which controls Tata Sons, influencing the chairman selection. Noel has extensive experience across various Tata companies and businesses. He will continue as a Tata Sons director after reaching retirement age. This positions him significantly as…

The Economic Times

Chandrasekaran's successor at Tatas will have to start off with a three-way, Rs 29,000-cr tightrope walk

The new chairman of Tata Sons faces a myriad of financial hurdles and strategic choices. Air India’s transformation hinges on hefty investments and a defined route to profitability. Meanwhile, the semiconductor initiative from Tata Electronics calls for both time and sustained financial support. The third big issue involves Tata Digital’s…

The Economic Times

Mirae Asset Venture raises Rs 1,125 crore in first close of new India-dedicated fund

This compares with the firm’s first flagship fund, which had a corpus of Rs 370 crore, and a late-stage vehicle it launched with a corpus of Rs 700 crore.

The Economic Times

TCS, other Tata stocks fall up to 4% as N Chandrasekaran resigns

Shares of Tata Group companies fell, primarily driven by TCS. N Chandrasekaran stepped down as Tata Sons chairman ahead of the scheduled AGM on August 18, yet he will continue in his role until February 2027. His exit raises questions about the upcoming board meeting, particularly regarding the influence of…

The Economic Times

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The Economic Times

Uber takes bike taxis to 100 more cities in India as Rapido rivalry intensifies

The expansion, spread across 18 states and one Union territory, will initially be driven by Uber Bike, the company’s two-wheeler offering. The new markets include Jammu, Tirunelveli, Silchar and Jamnagar, among others.

The Economic Times

Electric mobility startup Yulu raises $93 million in equity, debt to expand EV fleet

The Bajaj Auto-backed company said it will increase its active fleet to 200,000 electric vehicles over the next two years, expand service hubs and deepen partnerships with enterprises. It did not disclose the lenders, its valuation or name any other equity investors in the round.

The Economic Times

Air India flight’s 300-foot drop: AAIB says wait for evidence before drawing conclusions

Air India Phuket Delhi flight turbulence case: The government urges caution regarding Air India flight AI2379 conclusions. Investigations are underway to determine the circumstances and contributing factors of the incident. Twenty passengers and four cabin crew members sustained injuries during the flight. The pilot's initial drug screening returned a non-negative…

The Economic Times

Apple Pay coming to India in October, UPI support may be delayed: Report

Apple Pay may launch in India this October without UPI support. The service will initially use tokenized Visa and Mastercard credit cards. This allows iPhone and Apple Watch users contactless payment options. UPI integration is expected later due to ongoing technical discussions. Apple faces challenges adapting its global payment system…

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The Economic Times

Eternal helped you save time. Now it wants to help you spend it

Eternal’s District is betting India’s next consumer internet boom will come from helping people spend time outside home. As dining, shopping, movies, sports and live events grow, District aims to become the digital layer for offline consumption. The strategy reflects a broader shift from convenience to experiences, while Eternal targets…

The Economic Times

Slice posts Q1 profit of Rs 51 crore as banking pivot gathers pace

Slice’s Q1 results come as the company explores a $50-100 million fundraise at a valuation below $1 billion, ET reported in April. If completed, the round would mark a drop from its last-known $1.3 billion valuation, as Slice expands its digital banking business across lending, deposits and UPI-led payments.

The Economic Times

When the right audience is listening, partnerships become a strategic advantage

For brands targeting business decision-makers, visibility alone is not enough. Bosch’s partnership with ET demonstrates how credible platforms can transform audience access into meaningful relevance, influence and engagement.

The Economic Times

HCLTech says no evidence of system compromise after hacker group’s data breach claim

In an exchange filing, HCLTech said its initial investigation found the data "may be limited and dated to a few years back." The company said there was no evidence of a breach of its systems, and no indication that any client engagement was affected.

The Economic Times

India’s GCCs trade hefty headcount for specialised talent

Global Capacity Centres are becoming smaller and more engineering-focused. India's GCC market is projected to reach one hundred billion dollars by 2030. Companies are prioritizing specialized talent and faster product development. Artificial intelligence enables greater output with smaller, agile teams. Value density and strategic work routing now define center importance.

The Economic Times

Payments Council backs UPI merchant charges, says users, small businesses will remain exempt

PCI said small merchants, including kirana stores, should not be charged for accepting UPI payments. Any merchant service charge would be a commercial arrangement between merchants and payment providers, not a charge on customers.

The Economic Times

Swiggy agrees to refund unauthorised campaign fees; Bengaluru hotels to wait till September 1

The discussions, led by Swiggy CEO (food marketplace, dineout & crew) Rohit Kapoor, chief business officer (food marketplace) Sidharth Bhakoo and CEO (dineout & scenes) Swapnil Bajpai, came a day after rival Zomato held talks with restaurateurs and agreed to address a range of operational concerns.

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