Breaking news, insights & smart analysis on the business of technology, startups & the new economy in India, from the reporters at The Economic Times.
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🚨 ETtech #Top5 | Apple’s robust India quarter; Giva’s $100 million funding
Also in the letter:
■ Corning opens its Pune plant
■ VCs bet on AI-first services
■ Binance on cyber breach
Read here:
economictimes.indiatimes.com…
🚨 Razorpay gets Sebi nod for Rs 5,000-6,000 crore IPO: sources
The fintech is working towards a listing in the first quarter of calendar year 2027; however, due to volatile market conditions, the listing may get pushed to later, these people said.
By @patwardhannn
Read here: economictimes.indiatimes.com…
Indian IT companies are benefiting from a shift in global investor interest away from AI-linked stocks. According to a Goldman Sachs report, investors favoured IT services companies in October more than businesses that are linked to the AI ecosystem.🤖
Indian equities outperformed the Asia-Pacific region in the MXAPJ index by 7 percentage points last month, making the country one of the best-performing global markets during the period. 💰
📲Read full story here👇
economictimes.indiatimes.com…
Italy's government said on Tuesday the domestic impact of a cyberattack that hit supermarket refrigeration systems across Europe had been extremely limited and posed no public health risk from thawing food products.🖥️
A hacking attack on Monday hit fridges and freezers from Sweden to Belgium, forcing stores to throw away food in an incident that echoed a similar attack in France last month.
📲Read full story here👇
economictimes.indiatimes.com…
💵 #FundingAlert | Fine jewellery brand Giva has raised over $100 million in a round led by private equity firm Multiples Alternate Asset Management, along with participation from co-investors.
The company plans to use the fresh capital to expand its retail footprint across the country, boost manufacturing capabilities, and strengthen its leadership.
Read here: economictimes.indiatimes.com…
🆕 💵 AI chip startup Agrani Labs is in the final stages of closing a $108-110 million funding round at a valuation of around $350 million, people aware of the matter told ET.
@puranchdET reports:
Read here: economictimes.indiatimes.com…
The app creates personalised, watercolour-style images daily by drawing insights from Google’s platforms, such as Gmail, Calendar, Photos, YouTube and Search, to generate visual stories about users’ everyday lives without requiring a prompt.
Read more 👇
economictimes.indiatimes.com…
🆕Specialty glass and fibre-optic cable maker Corning’s optical connectivity manufacturing facility in Pune is now operational and capacity addition is beginning, Sudhir Pillai, managing director India, Middle East, and Africa, told ET on Monday.
Set to manufacture optical connectivity products for data centers, a core focus area for the US materials science major now, the plant will be inaugurated on Tuesday.“We will also lay the foundation for capacity addition, which is expected to come online by next year,” he added.
Read the full story by @Subhayan_ET
economictimes.indiatimes.com…
An RSI-capable model can enhance its own capabilities. In the filing, the company focused on its commitment to maintain human control over the technology.
Read the full story here👇
economictimes.indiatimes.com…
📢Apple has posted an all-time revenue record in India, CEO John Ternus said during the company’s earnings call for the quarter ended September 26, his first since succeeding Tim Cook.
The Cupertino, California-based company earned $30.71 billion, or $2.10 per share (NASDAQ), in the July-September period, up 12% from $27.47 billion, or $1.85 per share, in the same period a year earlier.
Read the full story here👇
economictimes.indiatimes.com…
