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The Latest Breaking News from ET

Physical security startup Coram AI raises $35 million co-led by Ansa Capital, Battery Ventures

The San Francisco-based company was cofounded by Ashesh Jain, formerly head of autonomy at Lyft's self-driving division, and Peter Ondruska, who led AI research at Lyft before moving to Toyota's Woven division after it acquired Lyft's self-driving unit in 2021.

The Economic Times

India is set to rewrite its oil destiny, moving from risk to leverage

In a landmark agreement, India is teaming up with the UAE to significantly increase its oil reserves, transitioning into a strategic player on the world stage. This partnership promises enhanced storage solutions and ensures the nation's energy supply is more secure than ever.

The Economic Times

Stocks in news: Lenskart, PFC, RIL, Hindustan Zinc, Tata Consumer

Indian markets saw volatile trading on Wednesday, closing slightly down. Lenskart, PFC, RIL, Hindustan Zinc, and Tata Consumer are in focus. ADIA plans to sell Lenskart shares. Tata Consumer targets over 20% EBITDA margin. Reliance Industries subsidiary will redevelop a Mumbai slum. REC Ltd will merge with Power Finance Corporation.…

The Economic Times

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Deeptech startup Ethereal Machines raises $28.5 million from Avataar Ventures, Peak XV, others

Deeptech startup Ethereal Machines secured $28.5 million in funding. This capital will fuel the construction of a large manufacturing facility near Bengaluru. The company will also develop India's first indigenous CNC controller. Expansion of its AI-driven software platform is also planned. New teams will be established in the US and…

The Economic Times

Contactless card payments on the rise as Indian shoppers swipe less, tap more

Indian shoppers are increasingly opting for contactless 'tap-and-pay' card transactions, with estimates suggesting they now account for up to a third of total card swipes. This trend is driven by younger consumers and a preference for speed, as contactless payment infrastructure expands across the country.

The Economic Times

Proposed commission caps may drive consolidation in insurance distribution: Acko CEO

Acko founder Varun Dua anticipates regulatory changes to insurance distributor commissions will drive consolidation and professionalization within the sector. He believes lower commissions could encourage wider market penetration, particularly in smaller towns, making insurance more accessible to a broader population. Dua suggests differentiating commission structures by product type.

The Economic Times

ADIA to sell 2.3% Lenskart stake in Rs 1,944 crore block deal

Abu Dhabi Investment Authority is set to divest a 2.3% stake in Lenskart for approximately Rs 1,944 crore via a block deal. This follows SoftBank's recent Rs 2,873 crore share sale. Despite the sale, ADIA will retain significant holdings, indicating substantial paper gains on its 2023 investment. The move comes…

The Economic Times

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ADIA to sell Rs 1,944 crore Lenskart stake days after SoftBank exit

Abu Dhabi Investment Authority (ADIA) is set to divest up to 2.3% of its stake in eyewear retailer Lenskart for approximately Rs 1,944 crore. This follows a significant stake sale by SoftBank, with the deal structured as a block deal at a slight discount to the current market price.

The Economic Times

Meta-Reliance AI hub; SAP CEO on India's AI edge

Meta has tapped Reliance for India AI data centre. This and more in today's ETtech Top 5.

The Economic Times

A new IPO frenzy: Why is Bharat making a beeline for bourses?

Retail chains from smaller Indian towns are planning to raise over Rs 7,000 crore through IPOs. These companies see capital markets as a fast route to fund expansion into growing markets beyond metros. This trend reflects a structural shift in consumption patterns, with emerging Bharat becoming a durable engine of…

The Economic Times

India's exporters built a $420 billion services economy. This is the award they deserve.

The Payoneer India Cross-Border Excellence Awards 2026 offer Indian exporters the most consequential opportunity to get recognised this year. Here’s why it matters, and why you should not let it pass.

The Economic Times

‘Outcome-based’ contracts risk revenue growth for tech firms

The increasing adoption of AI is driving Indian IT firms and clients towards outcome-based contracts. While this shift aims to improve client retention and revenue scaling, it introduces significant risks of revenue fluctuations and increased litigation for IT companies due to the complex attribution of business outcomes.

The Economic Times

Exponent Energy raises Rs 200 crore led by 360 ONE Asset, TDK Ventures

Exponent Energy, an EV charging startup, has secured Rs 200 crore in a funding round co-led by 360 ONE Asset and TDK Ventures. The company plans to expand its rapid charging network for commercial electric vehicles across India. This funding will support network expansion beyond Bengaluru and Delhi, new vehicle…

The Economic Times

SEZ import relief to fast track chip projects

India's semiconductor manufacturing sector is set for a major boost. New rules exempt imports for Special Economic Zones from quality checks. This will speed up the setup of chip fabrication plants and assembly units. Companies can now import necessary equipment and materials without delays. Compliance with Indian standards will only…

The Economic Times

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The Economic Times

H-1B workers get relief as US court scraps $100,000 fee; employers may accelerate filings

A US federal judge struck down the $100,000 fee for fresh H-1B petitions, deeming it an unlawful tax. This ruling could encourage more applications and enhance on-site mobility for Indian talent, though its temporary nature due to potential judicial review remains a concern.

The Economic Times

Exponent Energy secures Rs 200 crore funding from 360 ONE Asset, TDK Ventures

The Economic Times

Mygate closes Rs 225 crore deal with Dharana Capital

Housing society management platform Mygate has secured Rs 225 crore in a funding round led by Dharana Capital. The deal, which includes primary capital and a secondary transaction, values the company at approximately Rs 2,000-2,200 crore. MyGate plans to expand its offerings and invest in technology, with revenue primarily driven…

The Economic Times

Inside Zepto’s IPO filing — the key takeaways

Quick commerce platform Zepto has filed its updated draft papers for public listing, revealing detailed financials and operational metrics. Eyeing a July debut, Zepto's IPO is set to be a significant event, with the company planning to use proceeds for dark store expansion and technology investment.

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The Economic Times

Customers will feast as Zepto to pour fuel into quick commerce fire

Zepto’s proposed Rs 9,500 cr ($1 billion) IPO could significantly intensify competition in India’s already crowded quick commerce market. The company, which is targeting a July listing, plans to use the fresh capital to expand dark stores, invest in technology, and acquire more customers.

The Economic Times

Zepto overtakes Instamart in order count, trails Blinkit in scale and profitability

For the January-March quarter of FY26, Blinkit reported a net order value of Rs 14,386 crore, compared with Zepto’s calculated net order value of Rs 7,591 crore and Instamart’s Rs 5,674 crore, according to data compiled by ET from the DRHP.

The Economic Times

India a major growth market for Celonis, says senior exec

The Germany-based company said it already serves 260 global capability centres (GCCs) in India, counting companies such as Mercedes-Benz, Hitachi Energy and AstraZeneca as its clients, and sees a larger opportunity ahead as enterprises try to connect AI systems with operational data spread across departments and software systems.

The Economic Times

Studds Accessories shares rally 17% after BJP-led govt takes this step in West Bengal

Studds Accessories shares rose sharply on Tuesday after stricter enforcement of helmet rules by West Bengal's newly elected BJP government triggered a sharp jump in helmet demand. The company reported record 70% volume growth in the state in May, driven largely by first-time buyers in smaller towns and rural areas.

The Economic Times

Zepto IPO: ED summons founders in FEMA matter, seeks shareholding, business details

The Enforcement Directorate sought details on foreign investments and overseas investments, audited balance sheets since FY21, owned immovable properties, shareholding pattern, loans and guarantees, income tax returns, bank accounts, and a note on Zepto’s business model, according to the updated prospectus.

The Economic Times

After deeptech firms, expect RDIF rollout for Indian VCs soon

Last month, close to 20 Indian investors, which included Ideaspring Capital, Speciale Invest, Chiratae Ventures, Sixth Sense Ventures, and Blume Ventures, had applied for the RDIF. They were asked to present to a committee that will select the funds for capital allocation, sources said.

The Economic Times

Chip startup AGNIT sets up GaN testing lab at IISc with Rs 3 crore investment

Indian semiconductor startup AGNIT Semiconductors has established a new GaN testing laboratory at IISc Bengaluru. This facility, built with a Rs 3 crore investment, will accelerate the commercialization of indigenous technologies. AGNIT aims to enhance validation and reliability testing for GaN chips used in defence and telecom.

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