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The Latest Breaking News from ET

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

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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

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 Guardian - US

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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…

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

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

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

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

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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

No vacancy at home: Worsening job market greets H-1B returnees

Indian tech professionals returning from the US, including H-1B visa holders, face a challenging job market back home. Layoffs at major US tech firms have led to a surge in returnees, overwhelming limited openings. While some opportunities exist in GCCs and startups for experienced professionals, securing roles with comparable US…

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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“Some Men Were Made For Getting Older”: 15 Stars Who Got Hunkier With Age

Here are 15 Hollywood actors who got hunkier with age.

The Economic Times

Healthcare startup Superliving raises $7 million led by Lightspeed

Founded by former Pocket FM executives Manavdeep Singh Grover and Gurjot Kaur, the startup is building an AI-powered preventive health and wellness platform aimed at helping users address lifestyle-related health issues before they develop into chronic conditions.

The Economic Times

'I was in denial with the idea of quick commerce’: BigBasket founder Hari Menon

BigBasket founder Hari Menon is stepping down as CEO after 15 years, reflecting on the company's evolution from scheduled deliveries to embracing quick commerce. Initially skeptical, Menon witnessed rapid consumer adoption of 10-minute grocery services, a shift that reshaped the market. He passes the leadership baton to Amit Nanda, aiming…

The Economic Times

Psychiatrist shows how to check if you’re struggling with mental health issue: Simple self-assessment guide that could help you spot signs early

Mental health issues often develop gradually and can be easy to overlook. According to Dr Rahul Chandhok, persistent feelings of sadness, anxiety, emotional exhaustion, loss of interest in activities, and changes in sleep, appetite or social behaviour may be warning signs. If these symptoms begin affecting daily life, work, studies…

The Economic Times

Stocks in news: LIC, IRFC, Cummins India, Tata Motors PV, ONGC

Indian markets surged on Wednesday, recovering previous day's losses, with banking stocks leading the charge from a strong support zone, signaling a robust uptrend. Key companies like LIC, IRFC, Cummins India, Tata Motors PV, and ONGC are in focus. IRFC's government offer saw strong institutional demand, while Tata Motors plans…

The Economic Times

Pocket FM shuts Pocket TV as rivals get aggressive on microdrama

Audio entertainment firm Pocket FM is shutting down its microdrama vertical, Pocket TV, to concentrate on its core audio dramas and international expansion. This strategic shift precedes a potential public listing, as the company prioritizes profitability. While short video dramas are booming in India, Pocket FM is returning to its…

Cinemablend

The One Piece Of Advice David Corenswet Gave Milly Alcock As She Got Ready To ‘Fly’ In Supergirl

Points were made.

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