FIRST VISION FUND
US military carries out new targeted strike on Iran as Tehran's leaders weigh mediator's proposals
The U.S. military carried out limited strikes on Iran, targeting its air defense systems in response to ongoing tensions. US President Trump stated the military action was minor and efficient, completed in minutes. Concurrently, Iran is reviewing proposals from Qatar aimed at addressing differences related to its nuclear program. Defensive military actions followed the recent midterm elections, affecting Trump's position on conflict resolution.
Deepinder Goyal teases big reveal on Temple, will explain 'why I left $35 billion Eternal for Temple'
Deepinder Goyal has revealed his upcoming departure from Eternal to pursue Temple, a health wearable startup. He plans to provide a detailed note explaining his decision and the vision for Temple. Goyal's message will also address the startup's objectives and what it aims to achieve for humanity's betterment. Additionally, he has expressed his discontent towards certain doctors who criticize the health sector. Goyal is expected to share this information shortly.
US midterms upended Congress but Trump still commands foreign policy
Following the Republican Party's recent electoral losses, President Trump's domestic influence appears to have diminished significantly. Despite these setbacks, Trump retains considerable freedom to implement his foreign policy agenda. Democrats are poised to seek increased oversight of Trump's actions, especially concerning Iran and Israel. Challenges may arise as Trump continues to navigate these international affairs amid growing scrutiny.
Cosmoserve Space raises $6 million, sets up India's first space debris removal facility in Hyderabad
The facility comprises an orbital rendezvous and capture lab, a space robotics innovation lab, an ISO Class 8 satellite integration clean room and a mission simulation and control centre. It will enable the company to design, build and test robotic capture systems and develop capabilities for satellite servicing, including in-orbit repairs and refuelling.
L&T Finance Pitch Point 2.0: Where an AI startup’s big idea meets enterprise scale
Pitch Point, L&T Finance’s contest for AI startups, is back for a second edition. Last year’s winners, Arrowhead AI and SpoofSense, talk about what they got out of it and what they would tell this year’s new applicants.
Election Day 2026 results so far: Abdul El-Sayed vs Mike Rogers in Michigan Senate race; who is Democrat's wife Sarah Jukaku?
Election Day 2026 results so far: Michigan's closely watched 2026 Senate race pits Democrat Abdul El-Sayed against Republican Mike Rogers, with both candidates competing for a crucial seat. Most polls predict that Abdul El-Sayed might win. As voters head to the polls, here's what to know about El-Sayed's career, political background and wife, psychiatrist Sarah Jukaku.
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Uttar Pradesh to launch state Quantum Mission, steps up push for AI and robotics
The state of Uttar Pradesh is gearing up to launch a transformative Quantum Mission, poised to bolster its technology framework. By focusing on quantum technology within a broader digital transformation agenda, the initiative aims to ignite innovation. At the ETGovernment AI Vision Conclave, leading industry figures explored the adoption of AI, investment avenues, and workforce readiness.
How did Ty Warner build a billion-dollar fortune in America? What was the secret behind Beanie Babies' success?
Ty Warner, a Chicago native born in 1944, skyrocketed to fame with the launch of Beanie Babies in 1993. He masterfully crafted demand by restricting supply, triggering a collector frenzy. Reaching billionaire status, Warner diversified his portfolio, investing in real estate and promoting charitable initiatives. He ventured into lavish hotels and resorts while Ty Inc. continues to thrive by introducing fresh items alongside the beloved classic Beanie Babies.
One Planet Partners launches maiden PE fund, targets Rs 3,000 crore
One Planet Partners has launched a private equity fund in partnership with Sumitomo Mitsui Trust Bank. The firm plans to raise over ₹3,000 crore and target mid-market companies in India. One Planet will focus on sectors such as energy, mobility, and manufacturing, offering growth capital of ₹100 crore to ₹500 crore. Yulu Bikes Private Limited is the firm's first investment, participating in their $93 million Series C funding round.
Before Perplexity, Aravind Srinivas built a Twitter search tool that changed his startup's direction
Aravind Srinivas and his co-founders experimented with a Twitter search tool before focusing on Perplexity's web search product. An unexpected response to a feature that summarised social media profiles helped shape their next move, eventually leading to a broader mission centred on knowledge and curiosity.
The experience of the Shanti Rasa or Bhaav key reason behind Hanuman Ansh’s success: Producer Namrata G Singh
The film Hanuman Ansh has grossed nearly Rs340 crore at the box office, which is unprecedented for its modest budget. Producer Namrata G Singh emphasizes the significance of preserving intellectual property in storytelling. The film, rooted in spirituality, explores the life of Neem Karoli Maharaj and his connections with devotees. It also aims to expand into various formats and languages to reach global audiences.
James Talarico vows to 'take back Texas' as Trump makes last-minute push to keep the state in GOP hands
James Talarico took aim at the escalating corruption within the U.S. political scene during his Texas campaign. He’s looking to unseat Republican Ken Paxton, who enjoys backing from prominent figures such as Trump and Musk. Talarico labels Musk's influence as an attempt to 'buy' Texas, while he prioritizes solutions for the state's affordability issues.
Exclusive | Cognizant in talks to invest in Indian AI startup Sarvam valuing it at $3.5-4 billion: sources
Cognizant’s potential investment in Sarvam comes as advances in agentic AI raise questions about the future of the IT services industry. AI agents are increasingly capable of automating tasks across software development, application maintenance and back-office operations, potentially disrupting traditional outsourcing models.
The AI boom may transform the economy and still destroy capital, with stranded data centres and heavy investor losses
Investments in artificial intelligence by major companies have significantly increased in recent years. The overall investment in other sectors has shown minimal change during this period. AI's potential to enhance productivity suggests that current spending may benefit various industries like healthcare and education. Concerns exist regarding potential overinvestment and its subsequent impact on the economy.
Anthropic files for US IPO amid AI boom, rising costs and safety concerns
Anthropic has filed for a US IPO to support its ambitious AI development plans and secure funding. The company's recent financial details show significant revenue growth, but losses have widened sharply. Investors are currently valuing Anthropic at approximately $1.5 trillion, reflecting recent market fluctuations. Anthropic is in competition with OpenAI in the race to create advanced AI systems.
Power to empower must include the power to stay well
“The true value of power lies in its purpose,” the Prime Minister told the Bloomberg New Economy Forum in October. India’s next lever of power is the health of its people, and the digital infrastructure behind CoWIN can now help keep a billion Indians well.
Jio BlackRock International AMC (IFSC) launches JioBlackRock Advantage World Equity Fund (IFSC), its first GIFT City fund
JioBlackRock has launched the Advantage World Equity Fund through GIFT City, offering eligible Indian investors access to global developed-market equities. The feeder fund invests primarily in BlackRock’s actively managed strategy spanning the US, Europe and Japan.
Veolia opens India disaster hub as climate risks mount, commits over €1 million globally to emergency response
Veolia has opened a New Delhi hub to deploy mobile water-treatment units and trained personnel for disaster response across South and Southeast Asia.
India's listed AI market could gain USD 100 billion from IPOs over next 5 years: Goldman Sachs
India's artificial intelligence sector is poised to contribute between USD 50 billion and USD 100 billion from forthcoming IPOs. Goldman Sachs has pinpointed 84 private AI firms collectively valued at around USD 55 billion. The study forecasts that 25 to 50 percent of these enterprises could make their public debut within the next two to five years.
Trump thanks 'legendary friend' Elon Musk for plan to donate SpaceX shares to American children
Billionaire Elon Musk announced plans to donate SpaceX shares to every child in America. The initiative is part of the Trump Accounts program, which aims to provide financial foundations for children. More than 4.5 billion USD has already been contributed to these accounts since their launch. Families and private-sector donors can contribute directly to these children's accounts. This program mainly benefits middle-class households with children under 18 years old.
A $3.5 million Jeff Bezos Earth Fund grant targeted LA’s Concrete Wash in 2023; 3 years later, it became a greenway
Pacoima Beautiful, a local nonprofit, funded the work using a $3.5 million grant from the Bezos Earth Fund awarded in 2023. That funding directly supports climate resilience in an area facing extreme temperatures.
US startup plans to sell sunlight at night with help from India's Skyroot Aerospace
Reflect Orbital is revolutionizing nighttime visibility by launching satellites to deliver on-demand sunlight. In collaboration with Skyroot Aerospace, they plan two launches using Vikram rockets. This groundbreaking service promises to aid disaster relief efforts, brighten industrial areas, and improve public events. Recently receiving Federal Communications Commission approval for a demonstration satellite, the initiative sparks discussion on its environmental implications relating to artificial lighting.
At 12, he took a $500 loan in North Carolina; how a Hawaii trip inspired his six-figure swimwear brand Coastal Cool
A North Carolina teenager turned a $500 loan from his parents into a six-figure sustainable swimwear business. Holden Bierman, now 19, launched his entrepreneurial journey at 12 after a family trip to Hawaii sparked an idea. He taught himself e-commerce through online resources and eventually built Coastal Cool, a beachwear brand that also aims to tackle plastic pollution.
Formial Labs raises Rs 2.88 crore led by Zeropearl VC
The startup aims to expand its clinical team and improve technology for diagnosis and follow-up services.
Aegis Logistics to acquire 89.8% stake in Dubai-based Tristar Holdings for $809 million
Aegis Logistics is set to acquire 89.8% stake in Tristar Holdings, based in Dubai, for $809 million. The deal seeks to strengthen Aegis's global footprint in liquid logistics and creating new avenues for business growth. The acquisition is expected to complete by the fourth quarter of FY27.
World Bank helps mobilise $36 billion in private capital to support job creation in India since FY22
Private capital mobilisation by the World Bank Group has grown nearly five-fold in four years, rising from approximately USD 3 billion in FY22 to USD 14.5 billion in FY26 and unlocking a cumulative USD 36 billion for development across sectors, Manuel Reyes-Retana, Division Director, South Asia, IFC, a member of the World Bank Group, said.
SoftBank junk bond sale raises stakes for CEO Son's all-in AI bet
SoftBank's promise to pay its highest-ever yields in a record $11 billion junk-bond offering highlights the pressure on CEO Masayoshi Son to secure returns on his all-in bet on AI amid concerns about possible overheating in the market.
Chris Sacca invested $25,000 in Twitter before its rise. Why he later said, ‘love the service, hate the stock’
Chris Sacca invested $25,000 in Twitter in 2006 and later built a major stake before its IPO. Years later, he said, “Love the service, hate the stock,” explaining why he lost faith in the company’s stock despite his continued appreciation for the platform.
ET Startup Awards 2026 | Govt backing and patient capital propel India's leap into AI and chips: Satyan Gajwani
Gajwani said the ecosystem, once driven by fintech, food delivery, SaaS, commerce, quick commerce and direct-to-consumer brands, was witnessing founders focused on deep, proprietary technology. Indian startups are now building semiconductor chips, AI, robotics, clean energy technologies and new materials, while investors are shaping funds, willing to wait longer for these companies to mature.
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