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The Latest Breaking News from ET

B2B quick commerce startup Fairdeal raises $15 million from Bertelsmann India, others

B2B quick commerce platform Fairdeal.Market has secured $15 million in a funding round led by Bertelsmann India Investments. The company aims to deliver over 1,000 SKUs to kirana retailers within 60 minutes using a dark store model.

The Economic Times

Slice swings to profit in first full year as small finance bank

Slice Small Finance Bank achieved a net profit of Rs 48.4 crore in FY26. This marks a significant turnaround after a substantial loss in the prior year. Total income more than doubled, reflecting strong growth. The bank is now focused on expanding credit access for underserved customers.

The Economic Times

Dietary balance remains missing as India continues to gorge on cereals

Many Indians consume too many grains and not enough proteins, vegetables and fruits. This imbalance affects health, contributing to malnutrition and lifestyle diseases. The findings highlight a need for dietary diversification across the nation.

The Economic Times

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Tata Sons’ board huddle today: What Bombay House has been battling in post-Ratan Tata era

Tata Group faces internal churn as tensions rise within Tata Trusts following Ratan Tata's death. Disputes over board representation, governance, and the future of Tata Sons' unlisted status have led to postponed discussions and trustee infighting, impacting group leadership decisions.

The Economic Times

Physical data collection from the real world is India's new backoffice job for AI

Companies such as HumynAI Labs, Egodata, Neo Cambrian, XP Robotics, and Objectways have deployed people on the ground starting early this year. They are collecting data on everything from household chores like washing dishes and folding laundry to the manufacturing sector.

The Economic Times

VCs eye deeptech fund launches to leverage RDI capital

Sector-agnostic VC firms Kalaari Capital and Blue Ashva Capital are among those exploring new deeptech-focussed vehicles amid rising investor appetite around areas such as spacetech, semiconductors, robotics and energy transition, people aware of the matter told ET.

The Economic Times

Experts flag data spills as house-help platforms bring physical AI home

Recent data-gathering pilots by on-demand service platforms Pronto and Snabbit have drawn a spotlight on India’s emerging physical AI ecosystem – and put safety regulators on edge. Sources told ET that the Ministry of Electronics and Information Technology (MeitY) has taken note of recent developments, especially Pronto’s in-home recording pilots.

The Economic Times

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Corporate India gets a call of duty and it's raring to go

In a dynamic shift, India's defence industry is witnessing a groundbreaking transformation where private corporations are spearheading pivotal projects like the creation of cutting-edge fighter jets. This transition from a state-controlled realm to vibrant private sector involvement is set to unleash a wave of innovation and operational efficiency. Meanwhile, emerging…

The Economic Times

Upgrade grid to realise AI dream: Applied Materials executive

Applied Materials urges India to modernise its power grid to fuel its AI ambitions, highlighting the need for reliable, clean energy. The company suggests incentives for clean power adoption and planning AI infrastructure as a connected national system, emphasising the critical role of grid modernisation for technological advancement.

The Economic Times

Udaan in talks to raise $50-60 million from existing backers Lightspeed, M&G: sources

The Bengaluru-based company had closed a $114 million funding round last June led by the two investors. The new round is being negotiated at a flat valuation of $1.8 billion and could be Udaan’s last private capital raise before it targets an initial public offering (IPO).

The Economic Times

Flipkart revamps Shopsy to take on Meesho, Amazon Bazaar in value commerce segment

Shopsy has over 450 million app downloads and delivers across more than 20,000 pin codes, but did not disclose its annual transacting users or order volumes. The company also declined to comment on specifics.

The Economic Times

Manufacturers look beyond cost cutting to drive AI adoption

A survey found meeting customer expectations (49%) and boosting operational efficiency (47%) were the primary forces driving AI adoption among manufacturers. However, cost reduction, often touted as a top reason for AI adoption in enterprises, ranked last at just 23%.

The Economic Times

Bellatrix readying ultra-low orbit satellites

The Bengaluru-based company is targeting launches in 2027 or 2028 and is positioning the project as a potential breakthrough in very low Earth orbit (VLEO) satellite operations, an area that remains largely unexplored globally because of the extreme atmospheric drag at those altitudes.

The Economic Times

Tata Electronics plans to start chip packaging at upcoming Assam unit

While the Tata Group company has already initiated small-scale shipments from its first commercial OSAT facility in Vemagal, Karnataka, the strategic pivot to the greenfield high-volume manufacturing unit in Jagiroad, Assam is aimed at building trust among global clients about the company’s capabilities while ensuring immediate scalability to meet surging…

The Economic Times

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The Guardian - UK

Lights, cameras, aliens: meet the all-star cast of Steven Spielberg’s Disclosure Day

Find out what we know about the characters at the heart of this summer’s blockbuster from a master of the genre

The Economic Times

OpenAI goes all out to charm Indian coders

OpenAI personnel are spending more time in India to understand the ecosystem and offer products and services that fit the market. Their concentration on India comes at a time when the coding war is heating up and OpenAI is trying to expand its enterprise and developer-focused offerings globally, people aware…

The Economic Times

US firm ContentNexus files patent suit against Wipro

A US patent holder has sued Wipro in a federal court. The company alleges Wipro used patented technology without permission. This involves two patents related to signal processing. ContentNexus LLC filed the complaint. They seek damages and a jury trial. Wipro has not yet responded to the lawsuit. The patents…

The Economic Times

Shastra VC launches $100 million fund to back deeptech, AI startups

The Bengaluru-based firm said the new vehicle will invest between $500,000 and $3 million in IP-led firms across these sectors. The launch marks a scale-up for the investor, formerly known as Veda VC, which deployed around $55 million across its first two funds.

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The Economic Times

Healthtech unicorn Innovaccer acquires CaduceusHealth amid AI push

The Caduceus acquisition will add nearly 200 employees to Innovaccer’s rolls and open up a new avenue for the company in revenue cycle management, cofounder Abhinav Shashank told ET. Currently, the company unifies fragmented data from legacy hospital systems into a single cloud platform.

The Economic Times

Of kitchens & cosmetics: Snabbit forays into beauty services after home cooks

Instant house help platform Snabbit has launched a salon-at-home offering, connecting customers with beauty professionals within minutes. Piloted successfully in Bengaluru, the service aims to provide convenience and speed, competing with established players like Urban Company. This expansion follows a recent $56 million funding round.

The Economic Times

Scapia secures $63 million funding from General Catalyst, Peak XV Partners and Z47

Scapia, a travel fintech startup, has secured $63 million in a funding round led by General Catalyst. Scapia plans to use the funds to expand its product portfolio across its financial services and travel segments. With this new infusion the total funding raised by the startup has gone up to…

The Economic Times

Meta, Amazon layoffs: A 60-day visa clock ticks for Indian laid off H-1B techies

Indian professionals on H-1B visas face immediate immigration pressure due to US tech layoffs. Losing a job triggers a strict 60-day grace period. Affected workers must find a new sponsor or change visa status within this limited time. Companies like Meta and Amazon are restructuring, impacting many sponsored employees.

The Economic Times

Desi chip companies fear MNCs will dip into their DLI 2.0 treat

India is planning the second phase of its semiconductor incentive scheme, DLI 2.0. Concerns are rising among domestic startups that allowing multinational corporations to join, even with minority stakes, could overshadow Indian firms. The government aims to balance foreign investment with domestic control to foster self-reliance in chip design.

The Economic Times

RBI's new draft guidelines have digital wallets feeling the pinch

Founders and senior industry executives told ET that the new draft guidelines released by the RBI on April 22, if implemented in the current format, could shut down multiple business opportunities for the payments industry, which is already grappling with revenue generation challenges.

The Economic Times

Waiting for your dream phone to get cheaper? That moment may never come

Smartphone prices are no longer dropping predictably. The demand for AI chips is causing component costs to surge. This means phones are launching at higher prices and staying that way. Budget phones are seeing downgrades to control costs. Consumers may need to buy when they need a phone, as big…

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