Google licenses AI model to Indian firms for early detection of diabetic blindness
With new partnerships in India and Thailand, Google aims to facilitate 6 million free AI screenings for diabetic retinopathy in underserved communities over the next decade. The AI model, which underw
Wipro issues bonus shares at 1:1; adds 978 headcount in September quarter
This is Wipro’s first bonus share issue since 2019, when it offered one bonus share for every three shares held. In total, Wipro has issued bonus shares 13 times in its history.
Agnit Semiconductors raises $3.5 million in seed round
The five-year-old Bengaluru-based startup, which was also one of the nominees for the 'Top Innovator' category at the ET Startup Awards, has raised $4.87 million in total so far and plans to utilise t
Infosys adds 2,456 employees in Q2FY25, reversing trend after six quarters
Infosys' attrition for the second quarter rose slightly to 12.9%, up from 12.7% in Q1, though lower than 14.6% in Q2 of the previous year.
Wipro Q2 Results: Cons PAT jumps 21% YoY to Rs 3,209 crore, beats estimates
Wipro Q2 Results: Revenue from operations for the quarter was Rs 22,302 crore, slightly down from Rs 22,516 crore in the same quarter last year. However, the figure exceeded Street estimates of Rs 16,481 crore.
Infosys Q2 Results: Profit rises 5% YoY to Rs 6,506 crore; revenue also up 5%
Infosys Q2 Results: Infosys, India's second-largest software exporter, reported a 5% growth in consolidated net profit to Rs 6,506 crore for Q2, with revenue from operations rising by 5% YoY to Rs 40,
Slice raises $8.5 million from founder Rajan Bajaj
Slice offers prepaid accounts, UPI payments and consumer credit targeted at young consumers. Known for its no-fee credit services and rewards program, Slice has expanded into buy-now-pay-later (BNPL)
Indian origin executives drive Uber's global tech leadership shakeup
Uber's head of engineering for delivery Anirban Kundu will join its grocery delivery rival Instacart as chief technology officer, he announced in a LinkedIn post. Separately, Uber’s chief product off
Delhi HC orders Wikipedia page removal within 36 hours amid defamation case
The ruling by Chief Justice Manmohan and Justice Tushar Rao Gedela, emphasises the importance of judicial integrity. The court stated, "We are of the view that the description of the order and the jud
Focusing on converting TCV to revenue; BFS and TMT led the revenue growth: Mphasis CEO
Mphasis revenue for the same period grew 3.3% quarter-on-quarter (QoQ) and 7.9% YoY to ₹3,536.1 crore. The Bengaluru-headquartered firm also saw an improvement in operating margins, which rose by 40 b
Zepto in talks with Indian family offices like Motilal Oswal to shore up another $100-150 million
Once completed, the Zepto top up funding would take the total funds raised by the firm to over $1.5 billion in a span of about four months. The back-to-back fundraising underscores the heightened inte
South Korea vows to prevent technology leaks with heavier penalties
The South Korea government will set up a "big data" system aimed at preventing technology leaks at the patent agency and introduce new regulations to ensure stronger punishment for culprits, Choi said
Scaling AI: Unlocking new growth and tackling industry-wide challenges
The rapid growth of AI, with a projected CAGR of 36.6% from 2024 to 2030, is revolutionizing industries like healthcare, retail, and finance. Scaling AI enhances capabilities, driving innovation and e
Aditya Birla Digital Fashion invests Rs 75 crore in Virat Kohli-backed Wrogn
According to the firm, the investment aims to expand ABDFVL’s portfolio of digital-first brands. “This infusion is in continuation of its earlier investment on certain milestone based valuations,” the
How AI can help you make computer game without knowing anything about coding
This shows how AI is dramatically lowering the barrier to software development, bridging the gap between creativity and technical skill. Among the range of apps and platforms dedicated to this purpose
BlackBerry exploring options for Cylance business
BlackBerry - once a dominant force in the smartphone market - has transitioned into selling software for devices and autonomous vehicles and bought Cylance in 2019 for $1.4 billion. The Canadian firm
Amazon bets on nuclear power to fuel AI ambitions
s companies including Microsoft, Amazon, and Google rapidly expand their global data center capabilities, they are actively seeking new electricity sources. Amazon has signed three agreements to suppo
Meta lays off employees at WhatsApp and Instagram, the Verge reports
Meta is executing layoffs across multiple units such as Instagram, WhatsApp, and Reality Labs, aiming to realign with strategic goals. Additionally, around two dozen employees in Los Angeles were term
TSMC set to report strong profit driven by AI boom
TSMC is set to report a net profit of T$300.1 billion ($9.33 billion) for the quarter ended Sept. 30, according to an LSEG SmartEstimate drawn from 23 analysts. SmartEstimates give greater weighting t
Lendingkart’s cash crisis; Zodius exits OfBusiness
Happy Thursday! Cash-strapped Lendingkart is staring at a massive valuation cut. This and more in today’s ETtech Morning Dispatch.
Railways taps AI to improve seat availability on high-demand routes
Railways minister Ashwini Vaishnaw explained that the reservation chart is drawn four hours before a train's departure. After that, the AI model can optimise seats as it is able to tell x number of se
AI firm Budy bags $4.2 million in funding round led by RTP Global
The funds will be used to accelerate the training and development of the artificial intelligence (AI) skills of the company founded by robotics firm GreyOrange cofounder Samay Kohli. “Budy is an AI ag
Zodius exits OfBusiness with $100 million+; Z47 may part-sell too
Zodius Capital has bagged more than $100 million in returns on its initial $8 million investment in OfBusiness in late 2016, said Gautam Patel, cofounder of the venture capital fund, confirming the ex
ETtech Exclusive: Inside the cash crisis, big valuation cut at Lendingkart
Lendingkart is in talks with Fullerton Financial Holdings, its largest shareholder, for an internal funding round at a major valuation cut. Ahmedabad-based small business-focused lending startup Lendi