Meta must face US state lawsuits over teen social media addiction
Oakland-based US District Judge Yvonne Gonzalez Rogers rejected Meta's bid to toss the claims made by the states in two separate lawsuits filed last year, one including more than 30 states and the other including only Florida.
NYT sends AI startup Perplexity 'cease and desist' notice over content use
Since the introduction of ChatGPT, publishers have been raising the alarm on chatbots which can comb the internet to find information and creating paragraph summaries for the user. In the letter to Pe
MFs growing startup bet, Ola's EY rescue, Upgrad’s shakeup
Happy Wednesday! Domestic mutual funds are going big on new-age startups listed on the public markets. Details on this and more in today’s ETtech Morning Dispatch.
India Inc too riding GCC wave
Legacy companies are also recognising the need for a robust, centralised tech strategy and talent in a world where rapid evaluation of technology is disrupting and transforming businesses, say experts.
Under fire, Ola Electric taps EY India to get back on track
The global consulting services firm is likely to advise the Bhavesh Aggarwal-run start-up on a whole host of service-related aspects of the business—from streamlining business processes and stocking of spares to inventory management of parts.
Paisabazaar taps brick-and-mortar to boost secured lending
Following its sister firm Policybazaar’s playbook, digital credit marketplace Paisabazaar, a part of listed PB Fintech, is building its own offline distribution channel. Naveen Kukreja, chief executiv
Local MFs hold stocks worth over $8 billion in new-age companies
On the back of a new-age IPO wave and the broader rise in stock markets, domestic mutual funds now hold stocks worth over $8 billion, or around Rs 69,000 crore in a dozen new-age companies. The rising
Upgrad MD Mayank Kumar steps down as firm eyes $50-60 million raise
Edtech unicorn Upgrad will see its cofounder and managing director Mayank Kumar depart, while founder and chairman Ronnie Screwvala will take on a more active role at the firm, as per sources. Kumar h
Third of incremental demand coming from data and AI: HCLTech CEO
Speaking to ET, CEO and managing director C Vijayakumar declined to elaborate on revenues earned from data and AI businesses. “It (data and AI revenues) is spread across different verticals, and every
Eldercare startup Primus Senior Living raises $20 million from General Catalyst, others
General Catalyst brought in $7 million, while Zerodha cofounder Nikhil Kamath and investment firm Gruhas invested the remaining $13 million. Primus delivers healthcare, wellness, lifestyle, and social engagement services to elders at their homes.
Samsung workers call off strike: TN labour dept
Under the agreements among the parties, workers would not be victimised for participating in the strike, the department said. Workers said they would cooperate with the management fully and would not
Ola Electric responds to ARAI notice, says prices of S1 X 2 kWh scooter unchanged
The Automotive Research Association of India (ARAI) had raised concerns about Ola Electric’s failure to inform the agency of a price reduction for its S1 X 2 kilowatt-hour model before initiating its high-profile “BOSS” sale.
Family offices hit the GenAI trail; Ola Electric’s market share up
Family offices are now betting big on Gen AI with substantial investments in local and overseas startups. This and more in today’s ETtech Top 5.
Blinkit launches 10-minute returns for footwear, apparel categories
Blinkit CEO Albinder Dhindsa said that the Zomato-owned platform has been testing the return feature in Delhi NCR for a few weeks and has now enabled it for Mumbai, Bangalore, Hyderabad and Pune, with plans to expand to more cities soon.
New framework launched to classify online skill-based games in India
This initiative is the result of extensive engagement and consultation with industry experts, game developers, legal advisors, and gamers, making the framework a truly collaborative effort.
Tech hackathon in Tumakuru on October 29
The talent hunt is focussed on contributing to key areas such as ecology, environment, health and agriculture. The Institute’s founder MR Hulinaykar said the event had been planned based on inputs rec
Mamaearth's chief product and technology officer Jayant Chauhan quits
Chauhan has been with the beauty and personal care company since November 2020, before which he was chief product officer at Policybazaar. Prior to Policybazaar he has had stints at firms such as Paytm, Airtel and Zomato.
Evenflow raises undisclosed bridge round, readying for IPO in 2027
The new funds will be used to expand operations and grow all seven acquired homegrown brands — Xtrim, Yogarise, Rusabl, BabyPro, Trendy Homes, Cinagro, and Frenchware. Evenflow plans to expand the glo
Cashfree receives NPCI certification for its own UPI switch
Cashfree can offer settlement of around 12,000 transactions per second with this certification. Cashfree has built this switch in partnership with NSDL Payments Bank as the sponsor bank.
Online platforms, quick commerce spoil the party for DMart
The stock declined 8.48% to close at Rs 4,184.45 apiece on the BSE, its biggest single-day fall in three years. On Tuesday, DMart shares opened marginally higher at Rs 4,239.95 but closed a shade lower at Rs 4,192.20.
Ola Electric gains market share amid festive season sale
The Bengaluru-based company, in an exchange filing, attributed the gain in market share to the popularity of its S1 scooter portfolio and its expanding service network. Ola aims to maintain this momen
Italy to test Starlink satellites to boost internet penetration, official says
The country is pursuing a broader plan to ensure homes and businesses across Italy have access to fixed-line internet speeds of at least 1 Gigabit per second by 2026. "We're assessing with Starlink an
Wipro allows extra 30 days of remote work
Wipro has introduced a new hybrid work policy, allowing employees to work remotely for an additional 30 days per year starting October 1. This extension accommodates employees with health issues or ca
IBM acquires Bengaluru SaaS firm Prescinto for renewables business
“The acquisition of Prescinto will enhance the capabilities of IBM Maximo Application Suite (MAS), IBM’s solution for asset lifecycle management…It will further IBM’s leadership in the energy and util
Nvidia notches record close, could unseat Apple as most valuable company
In June, Nvidia briefly became the world's most valuable company. It was overtaken by Microsoft, and the tech trio's market capitalizations have been neck-and-neck for several months.