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The Latest Breaking News from ET

ETtech Explainer: Why Meta's Zuckerberg may have to publicly bend the knee in India

A parliamentary panel sought an apology from Mark Zuckerberg over the removal of Prime Minister Narendra Modi’s Facebook post, warning that Meta could lose its intermediary immunity if he refused. During a meeting with Ministry of Electronics and Information Technology (MeitY) officials on Wednesday, Meta's chief global affairs officer Joel…

The Economic Times

Xiaomi India launches Mijia sub-brand, plans big push into home appliances

Xiaomi India is launching its Mijia sub-brand for home and lifestyle products. This move aims to diversify the company's offerings beyond declining smartphone shipments. The company plans to enter the large home appliances segment with local manufacturing partners. Mijia will join Xiaomi, Redmi, and Poco in the brand portfolio.

The Economic Times

Indian jewellers may earn up to 1% incentive under revamped Gold Monetisation Scheme: IBJA

Indian jewellers could earn an additional 0.75%-1% commission under a revamped Gold Monetisation Scheme (GMS) proposed by the India Bullion and Jewellers Association (IBJA). Under the proposal, jewellers would collect customers' old gold, pass it to refiners and receive a direct incentive, encouraging them to actively promote the scheme.

The Economic Times

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Construction qcomm outfit HomeRun raises $12 million from Nexus Venture Partners, others

HomeRun, the Bengaluru-based startup that specializes in quick delivery of construction and renovation materials, has successfully raised twelve million dollars in a funding round led by Nexus Venture Partners. This fresh capital injection will support its expansion efforts and improve its supply chain technology. Having completed over one hundred thousand…

The Economic Times

Swiggy targets Rs 10,000 crore in annual adjusted Ebitda in five years

Swiggy aims for ten thousand crore rupees adjusted Ebitda by fiscal year thirty-one. Its food delivery business will contribute five thousand crore rupees to this goal. The quick commerce unit, Instamart, is expected to generate four thousand crore rupees. Swiggy also targets one lakh crore rupees in net order value…

The Economic Times

What the ET AI Conclave and Awards 2025 indicate about meaningful brand partnerships

The ET AI Awards 2025 brought together India's AI ecosystem while demonstrating how editorial credibility, influential audiences and strategic partnerships create lasting value for brands.

The Economic Times

UPI MDR explained: What potential charges above Rs 2,000 payments on Paytm, GPay & other apps mean for you and merchants

Government proposes changes to the Payment and Settlement Systems Act. This could allow a Merchant Discount Rate on select UPI transactions. Payments above Rs 2,000 to large merchants are a possible focus. This aims to support the payment ecosystem's continued investment and growth. Everyday UPI payments and person-to-person transactions will…

The Economic Times

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Move over, boomers: More Gen Z power for company boardrooms

A parliamentary committee has proposed lowering the minimum age for managing and whole-time directors from 21 to 18, aligning company law with existing rules that allow 18-year-olds to serve as directors.

The Economic Times

Anthropic, OpenAI listings a reality check for AI: Rocketship’s Venky Harinarayan

Public listings of Anthropic and OpenAI will test the AI ecosystem. Markets are judging AI winners and losers early, impacting sectors and countries. Foreign investors have pulled significant funds from Indian equity markets recently. SpaceX's valuation experienced a substantial increase and subsequent decline. Venture capital focuses on extreme outcomes, accepting…

The Economic Times

Enterprise AI CRM startup Superleap raises Rs 36 crore from Peak XV's Surge

Superleap, an enterprise AI CRM platform, secured Rs 36 crore funding from Peak XV Partners' Surge. This capital will fuel AI capabilities and expand its market presence both domestically and internationally. The startup focuses on large organizations migrating from legacy CRM systems with minimal disruption. Superleap's enterprise-first strategy targets high…

The Economic Times

ETtech Explainer: Inside Zepto's IPO U-turn

Zepto has paused its IPO and plans to refile its draft papers after two to three quarters. The decision follows months of valuation negotiations, investor pushback and shifting market conditions. Here's a look at the key events, from its confidential filing to the final decision, that led to the pause.

The Economic Times

India enters the story as China begins to rewrite the chips playbook

India and China are pursuing sharply different semiconductor strategies. While China is developing domestic lithography machines to reduce reliance on foreign technology, India is strengthening ties with ASML through Tata Electronics to enter the global semiconductor equipment supply chain. The Tata-ASML discussions could help India build advanced manufacturing capabilities and…

The Economic Times

Bitcoin slips below $63,000 to a two-week low as weak Coinbase earnings and fading optimism weigh on sentiment

Bitcoin fell below $63,000, its lowest in two weeks, as sentiment weakened. Coinbase earnings and fading optimism about U.S. crypto legislation impacted market sentiment. Major altcoins like XRP and Solana also saw corrections, while BNB and Cardano experienced gains. Global crypto market capitalization decreased, reflecting investor caution and mixed institutional…

The Economic Times

What the ET SME Summit shows about building brand influence in India's MSME economy

The ET SME Summit demonstrates how reputed editorial ecosystems help brands gain credibility, influence decision-makers and create lasting business impact across India's MSME landscape.

The Economic Times

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The Economic Times

Empire buys back: After Tata, Adani can rewrite India's colonial past

Adani Ports is evaluating the acquisition of a controlling stake in UK's Associated British Ports (ABP) in a deal valued at nearly $10 billion. If completed, the acquisition would rank among the biggest overseas buys by an Indian company, marking a symbolic shift in India's economic rise while strengthening Adani's…

The Economic Times

OfBusiness FY26 revenue falls 7% after exit from low-return businesses

Revenue declined as OfBusiness exited low-return commerce categories and discontinued some operations, prioritising deeper manufacturing integration, wider margins and stronger cash generation ahead of its planned IPO filing next quarter.

The Economic Times

Swiggy shares jump 8%, rally 15% in 3 days. What's boosting investor sentiment?

Swiggy shares climbed significantly, extending recent gains for a third consecutive session. Nandita Sinha, former Myntra CEO, now leads Swiggy's Instamart business.This appointment occurs amid intense competition in India's quick commerce sector. Meanwhile, Zepto is reportedly negotiating its IPO pricing at a lower valuation.The company may defer its listing if…

The Economic Times

BigBasket’s losses widen in FY26, revenue rises 7.7% YoY

This comes weeks after Amazon veteran Amit Nanda joined BigBasket as the new chief executive after founder Hari Menon stepped down. Nanda has been tasked with making the business profitable amid mounting pressure on margins in the quick commerce sector.

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The Economic Times

Equitas SFB returns to profit in Q1 as provisions fall sharply

Equitas Small Finance Bank posted a first-quarter net profit of Rs 184 crore against a year-ago loss, aided by sharply lower provisions. The lender also reported higher operating profit, improved asset quality, robust asset growth and stable margins despite a slight sequential decline.

The Economic Times

Demon Slayer: Kimetsu no Yaiba Infinity Castle Part 1 OTT release in India: Where to watch on Crunchyroll, Netflix, JioHotstar, Prime Video or Apple TV?

Demon Slayer: Infinity Castle Part 1 is now available on Crunchyroll in India. Viewers can also access the film through Prime Video Channels for convenience. This movie begins the anime's final story arc, featuring a decisive battle. Tanjiro and the Demon Slayer Corps face Muzan Kibutsuji and his powerful demons.…

The Economic Times

India summons Meta head over removal of PM Modi's Facebook post, govt says issue 'far from settled'

India's IT Ministry summoned Meta's global public policy head regarding a removed post. Meta explained the prime minister's video removal was an error. The government found Meta's explanation unreasonable and requires further discussion. The restricted video addressed student concerns over the NEET paper leak issue. This incident raises questions about…

The Economic Times

Flipkart may add food delivery to its product offerings

Flipkart plans to launch a pilot in India's online food delivery sector soon. This move aims to challenge established players like Zomato and Swiggy. The company will learn from this pilot before considering a wider national rollout. Flipkart believes a strong value proposition can disrupt the current market. This expansion…

The Economic Times

Sonam Wangchuk ends fast: What happens next to CJP protest, negotiations with govt and steps to resolve NEET paper leak crisis

Sonam Wangchuk ended his hunger strike after 26 days following government assurances. The Centre promised no legal action against peaceful NEET protesters. A delegation will meet ministers regarding the exam leak controversy. Prime Minister Modi pledged stricter actions against future paper leaks. The Cockroach Janta Party continues its protest for…

The Economic Times

Ashish Kacholia exits defence stock that rallied 108% in Q1. Do you own it?

Veteran investor Ashish Kacholia appears to have exited Walchandnagar Industries in Q1 FY27, as his name is absent from the heavy engineering firm's June-quarter shareholding data—implying his holding has slipped below the 1% disclosure threshold.

The Economic Times

Byju’s-BCCI settlement remains stalled; NCLT pauses buyer search

Byju's proposed Rs 158-crore settlement with the BCCI remains unresolved. Creditors have met multiple times but could not reach a decision on the matter. The settlement's approval or rejection will determine the continuation of insolvency proceedings. Founders have also challenged GLAS Trust's authority and claim size. The tribunal has paused…

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