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The Latest Breaking News from ET

Stocks in news: Marico, Adani Enterprises, Tata Motors PV, PB Fintech, PNB

Indian markets saw a second day of gains, with the Nifty reclaiming its 100-day moving average, signaling a bullish trend. Key companies like Marico, Tata Motors PV, and Adani Enterprises are in focus due to strong Q1 updates and fundraising plans. PNB and Bank of India reported significant credit growth,…

The Economic Times

Mynd Fintech, part of Treds platform M1xchange, acquires C2FO India

M1xchange is an RBI-licensed Treds (Trade Receivables Electronic Discounting System) entity. C2FO runs C2Treds and also has the same licence, which it may surrender going ahead. C2FO India’s parent company Pollen Inc. (C2FO US) is a major global player in early-payments solutions for small businesses, processing around $500 billion in…

The Economic Times

Flipkart-backed Ninjacart raises $6 million from Accel, Nilekani, Tiger Global

The Bengaluru-based company, which supplies fruits and vegetables to quick-commerce platforms, modern trade, kirana stores, restaurants, and exporters, said it has turned Ebitda (earnings before income, tax, depreciation, and amortisation) profitable. It did not disclose the valuation or the total size of the planned multi-tranche round.

The Economic Times

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From OpenAI to Sarvam, governments may want skin in the AI game

Governments are exploring ownership stakes in leading AI firms like OpenAI and Sarvam AI, signaling a shift in viewing artificial intelligence as a strategic national asset. This move goes beyond traditional regulation, aiming for a say in decision-making and ensuring public benefit from AI's immense potential. Such proposals suggest a…

The Economic Times

PM Modi, Takaichi deepen India-Japan ties with AI, defence and multi-billion dollar bilateral roadmap

India and Japan have forged a robust partnership, pledging over $10 billion in new Japanese investments and setting a ¥10 trillion target for the next decade. Leaders agreed to deepen cooperation in AI, defense, energy, and next-generation mobility, alongside critical areas like semiconductors and resilient supply chains. This significant collaboration…

The Economic Times

Adani Enterprises, Odisha govt sign pact for Rs 1.08 lakh crore aluminium plant with IHC

Adani Enterprises is set to invest a massive Rs 1.08 lakh crore in Odisha for a new greenfield aluminium project, in partnership with Abu Dhabi's IHC. This significant venture aims to boost India's aluminium production by nearly 50%, featuring a large-scale refinery, smelter, and downstream park. The project, supported by…

The Economic Times

A coastal city in the south is quietly powering India's AI future

Visakhapatnam is emerging as India's next AI infrastructure hub, attracting massive investments from tech giants like Google and Reliance. The city's strategic coastal location, coupled with potential for clean energy and robust industrial capabilities, makes it ideal for data centers and subsea cables, according to experts. This development, analysts say,…

The Economic Times

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India's lending boom might no longer be largely bank-led

India's private credit market is booming, doubling in five years to $25 billion as companies seek alternatives to traditional bank loans for expansion and acquisitions. Banks, wary of complex financing, are leaving a gap that private lenders are filling with flexible, albeit costlier, solutions. While growth is strong, regulators are…

The Economic Times

Sparrow Capital closes third fund at Rs 475 crore, means to write bigger cheques

About 60% of the corpus came from global endowments, foundations, funds of funds, and family offices, and the rest from startup founders, operators, Indian family offices, and high net worth individuals (HNIs). This marks a shift in Sparrow’s LP base, which was largely non-institutional in its earlier vehicles.

The Economic Times

Centre asks Meta to pause WhatsApp username rollout; seeks reply in three days

It has directed Meta to furnish a detailed explanation of the feature within three days. The company has been asked not to roll out the feature until consultation on the matter is over, sources told ET.

The Economic Times

Everforth bets on India's GCC boom, AI demand to drive growth

US technology services firm sees India's maturing GCC ecosystem and AI-led digital engineering demand as key growth drivers after its rebrand and Quinnox acquisition.

The Economic Times

Byju’s tablets, laptops gather dust in warehouse as insolvency drags on

The delay comes as the June 30 deadline for submitting expressions of interest (EoI) in the broader resolution process has passed. The warehouse assets are being handled through a separate sale under Regulation 29 of the CIRP (Corporate Insolvency Resolution Process), but the delay points to the challenge of monetising…

The Economic Times

SoftBank completes second $10 billion tranche of its $30 billion OpenAI investment

SoftBank has injected another $10 billion into OpenAI, part of a larger $30 billion commitment. This significant investment, funded by a bridge loan, underscores OpenAI's importance to SoftBank's portfolio, contributing to a substantial profit increase. However, the news comes as the New York Times reported delays in OpenAI's IPO, impacting…

The Economic Times

Orchestration layer is new battleground for Indian AI talent

Recruiters told ET that hiring for standalone prompt engineering roles has plateaued as companies increasingly seek engineers who can build and orchestrate agentic or autonomous AI systems, signalling one of the fastest shifts yet in the country’s AI talent market.

The Economic Times

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The Guardian - US

Minions & Monsters review – a smart premise descends into more of the same

The hugely successful, gibberish-heavy franchise travels back to old Hollywood for an adventure that swaps out nifty ideas for repetitive chaos

The Economic Times

Slumdogs no more: Can tycoons take the Mumbai Model to other cities?

India's top business tycoons like Ambani and Adani are shifting focus from city outskirts to redeveloping Mumbai's older housing and slum areas. This strategic move, driven by scarce and expensive greenfield land, aims to transform decaying urban pockets. Major projects are underway, signaling a new era of large-scale urban regeneration…

The Economic Times

India is plotting a game-changer for RBI, banks, corporates, investors

India is planning a high-frequency index to track its vast informal economy, covering millions of unincorporated companies. The proposed MoSPI index could improve GDP estimates, guide RBI interest-rate decisions, strengthen inflation management, sharpen government policymaking and offer investors, businesses and economists an unprecedented real-time view of the country's largest employment…

The Economic Times

Delhivery CEO Sahil Barua says ecommerce driving company’s improved performance

Delhivery's growth is surging, fueled by booming e-commerce, especially from D2C brands and specialized online retailers. Founder Sahil Barua highlights the increasing trend of businesses outsourcing logistics due to rising operational costs. The company is also benefiting from market consolidation and a significant uptick in SME shipments, positioning it for…

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The Economic Times

Travel on recovery road as war cloud clears and oil dips: MakeMyTrip group CEO

MakeMyTrip group CEO Rajesh Magow said the optimism level among airlines is improving, and noted that commercial LPG supply in the country is being restored. "The US looks like it wants to get out of the conflict one way or the other. There is hope now," he said. "The recovery…

The Economic Times

Logistics market can’t support more than three players, further consolidation likely: Delhivery's Sahil Barua

Delhivery is entering its next phase of growth, with CEO Sahil Barua betting on high-growth segments while continuing to push hard to expand margins. Four years after its listing and a year after acquiring Ecom Express, Barua says India’s logistics sector is headed for consolidation, arguing that the market can…

The Economic Times

AI startup Rocket in talks to raise $40-50 million: sources

If completed at the current terms, the round will mark a sharp re-rating for the company less than a year after it raised $15 million from Salesforce Ventures, Accel and Together Fund at a valuation of around $60 million. The new capital is expected to be used to deepen Rocket’s…

The Economic Times

ETtech Q&A | We don't intend to get into last-mile quick commerce delivery: Delhivery CEO Sahil Barua

Gurugram-based Delhivery, which went public in May 2022, had been the bellwether for the performance of India’s ecommerce industry until the December 2025 listing of Meesho. Barua said that the company was increasingly witnessing vertical ecommerce players and direct-to-consumer (D2C) brands taking away market share from horizontals like Amazon, Flipkart…

The Economic Times

Uber India head Prabhjeet Singh quits, to join as OpenAI MD

Uber India's head, Prabhjeet Singh, is departing after an 11-year tenure to join OpenAI as its India MD. Singh, led Uber's significant growth and strategic shifts, including expanding premium services and launching electric mobility. His departure comes as India is poised to become Uber's largest market globally.

The Economic Times

Amazon open to acquisitions in India, says CEO Andy Jassy

Asked whether Amazon would consider acquisitions in the quick commerce space and whether it might invest in homegrown AI companies such as Sarvam AI or Emergent Labs as part of India's sovereign AI push, the CEO said the company would evaluate potential targets based on their technology, customer experience, and…

The Economic Times

VCs pivot to EV infra & energy storage in new $65 million funding wave

Several Indian battery-tech and energy transition startups are actively seeking to raise approximately $65 million, signaling a potential revival in the sector. Despite a cautious investor sentiment, companies like Emo Energy and Baaz Bikes are in talks for significant funding rounds. This renewed interest stems from rising fuel costs and…

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