INDIAN CHIPS
ElevenLabs bets big on India; GCC jobs shift
ElevenLabs is planning to expand its voice AI platform to include all 22 Indian languages. This and more in today’s ETtech Top 5.
Apple Watch Ultra 4 review: Who really needs to upgrade?
The Apple Watch Ultra 4 is a meaningful upgrade mainly for users coming from older Apple Watches or the original Ultra, offering better battery life, a redesigned sensor system, brighter 3,000-nit display, new health features and the S11 chip. However, Ultra 2 and Ultra 3 owners have little reason to rush, as many core features remain similar and software support continues.
From growing demand for AI to premium upgrades, Amazon India reveals what customers want ahead of Amazon Great Indian Festival 2026
As the Amazon Great Indian Festival 2026 approaches, technology shoppers are becoming more research-led, weighing AI capabilities, performance and long-term value before upgrading. Zeba Khan, Director - Consumer Electronics, Amazon India, weighs in.
It’s safety first for gas suppliers at Semicon Inc
Suppliers want detailed guidelines from the Petroleum and Explosives Safety Organisation (PESO), without which they believe commercial hubs face heightened risk of leaks, fires and process disruption.
Largecaps bear brunt of selloff as 84% of Nifty50 stocks slip below 200-DMAs
The Indian stock market is facing notable turmoil, with a pronounced selloff impacting major players like Tata Motors and Infosys. Currently, a staggering 84% of Nifty 50 stocks are underperforming their 200-day moving averages. In contrast, smaller stocks are showing notable strength, as many in the Nifty 500 outstrip established blue-chip firms.
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Apple Pay is finally in India: Can you use it on your next trip abroad?
Apple Pay’s India launch means eligible Axis Bank Visa and Mastercard credit cardholders can now use their India-issued cards for contactless payments both at home and overseas. Abroad, transactions will run through the card network rather than UPI, so international usage settings, spending limits, forex charges and merchant NFC support will determine whether a payment goes through.
IND vs PAK Asian Games 2026: India defend Asiad cricket gold in thriller against Pakistan
India secured a gold medal in the men's cricket event at the Asian Games in Hangzhou. They achieved this victory by defeating Pakistan by 19 runs in the final match. Batting first, India scored 211 runs for six wickets, aided by strong performances from Abhishek Sharma and Tilak Varma. The duo's explosive batting included half-centuries that significantly influenced the game's outcome.
Investors’ bets on Ola shrink as EV, ride-hailing businesses lose ground
As competition intensifies, SoftBank Group and fellow investors in Ola are grappling with a substantial reduction in their holdings' valuations. Ola Cabs is increasingly losing ground to competitors like Rapido and Uber, alongside a notable decline in Ola Electric's electric two-wheeler market share. While the company confronts financial hurdles and operational setbacks, a number of investors successfully realized returns through strategic share sales prior to value drops.
DigiLocker seeks private partners, Slurrp Farm's fundraise plans
DigiLocker is set to bring more institutions onto its platform with the help of private AI integrators. This and more in today’s ETtech Top 5.
ETMarkets Smart Talk| ‘Desi to Videsi’: How GIFT City is changing the way Indians invest globally — Mustafa Pardiwala
GIFT City is emerging as a gateway for Indian investors seeking global diversification, offering access to US stocks, ETFs and sectors such as AI and semiconductors. Mustafa Pardiwala of Mirae Asset Capital Markets (IFSC) explains how investors can start with smaller amounts, the role of ETFs, currency risk and fractional investing.
IT fresher hiring rebounds; Agrani's Rs 800 crore raise
Happy Friday! After nearly two years of subdued fresher intake, hiring is picking up across the technology and IT industry. This and more in today’s ETtech Morning Dispatch.
Agrani in talks to raise Rs 800-850 crore from Samsung, 360 One, Peak XV
The Bengaluru-based company is also looking to apply for around Rs 120-130 crore under the government-backed Research, Development and Innovation (RDI) scheme as part of the fundraise, the sources said.
Foreign capital is slipping away. Can India lure investors back?
India faces a tougher battle for foreign capital as FPI outflows rise and global investors shift money towards AI, semiconductors and manufacturing hubs in Taiwan and South Korea. India’s FDI prospects remain resilient, but policy uncertainty, tariffs, regulation and weak manufacturing competitiveness could determine whether it can attract long-term global investment.
Apple’s smart home hub is reportedly arriving October 13, as Alexa+ heats up India’s smart home market
Apple is gearing up to introduce a suite of new smart home devices, such as a hub, the HomePod mini, and an updated Apple TV. This initiative signals Apple's commitment to the smart home market amidst rising competition from Amazon, which recently rolled out the Alexa+ in India.
India’s domestic air traffic falls 7.5% in August, worst among major markets
India's domestic air passenger traffic fell by 7.5% in August compared to the previous year. This drop marks the steepest decline among major domestic aviation markets worldwide. Domestic Revenue Passenger Kilometres decreased, while capacity contracted by 1.2%, leading to a reduced load factor. Other countries like China and Brazil experienced traffic growth, contrasting India's performance. IATA's analysis indicates uncertainty in future travel demand due to various economic factors.
Apple Pay launches in India: Here's everything you need to know
In an exciting development, Apple has rolled out its payment service, Apple Pay, in India through a collaboration with Axis Bank. Users holding Axis Bank cards can easily enact contactless transactions. The process of adding cards is straightforward with the Wallet app or the Axis Bank app, with no need for PINs or OTPs.
Can markets rally despite weak fundamentals? Radhika Gupta says trust remains crucial
Edelweiss Mutual Fund MD and CEO Radhika Gupta believes trust is central to navigating weak market fundamentals, global economic realignment and AI-led disruption. Drawing on The Entropy Trap, she highlights how understanding shifts in the global system is key to understanding India’s growth story, with trust playing a crucial role in attracting capital, strengthening customer relationships and sustaining pricing power.
SiMa AI raises $150 million in funding to advance physical AI technology and robotics
The round was co-led by Fidelity Management & Research Company and Amplify, with participation from Alter Venture Partners, Dell Technologies Capital and StepStone Group, founder and chief executive Krishna Rangasayee told ET. AllianceBernstein, Baron Capital and JPMorgan joined the round as new investors.
India’s international trade in times of AI
The Age of AI needs trade governance that deploys natural intelligence in conjunction with artificial intelligence for a quantum jump in speed and quality of decision making.
TakeMe2Space to launch orbital computing satellite on SpaceX rocket
Indian space startup TakeMe2Space plans to launch what it describes as the country's first orbital computing satellite aboard a SpaceX rocket on October 1, seeking to process data in orbit rather than transmit raw information back to Earth.
Indian executives are gaining clout in US corporate boardrooms
The landscape of S&P 500 boards has seen a noteworthy shift, with Indian men now occupying a record 16 seats. This development reflects the increasing preference for directors equipped with CEO-level expertise. In contrast, Indian women's representation on boards continues to stagnate. Compounding these dynamics, future entry for Indian executives into the US job market may face challenges due to prevailing immigration policies.
Too early to write India off in the global AI race: Andreessen Horowitz’s Raghu Raghuram
India has few frontier AI model companies and limited computing capacity, but according to a16z managing partner Raghu Raghuram, the country should not be written off. In an interview with ET, Raghuram said Indian startups could first build services on open-weight models before eventually developing their own.
Electronics demand, global supply shifts, policy support driving India's semiconductor play: BCG top exec
India is well placed to build a deeper semiconductor ecosystem as domestic electronics demand rises, government incentives expand and global supply chains diversify, BCG’s Ankush Wadhera said. He expects AI to keep driving demand for GPUs, memory and compute, arguing that current AI-safety debates are “speed-breakers” rather than barriers to semiconductor growth.
Sovereignty means controlling a substantial part of the chip supply chain: Mindgrove CEO Shashwath TR
Shashwath said the concerns go beyond where a chip is designed; companies also need to know what software is placed on it and who can verify that it has not been changed.
Chip startup Mythic AI enters India, eyes data centre, robotics opportunities
Founded in 2012 and headquartered in Austin and Palo Alto, the company is developing analogue compute-in-memory technology for energy-efficient AI inference. Currently, it has close to 20 people in India and plans to take the team to more than 60 by the end of the first quarter of 2027, Ozcelik told ET in a conversation.
Tata Electronics hires two semicon veterans after some senior-level exits
The company has seen several high-profile exits on the construction side. Former Global Foundries executive KC Ang stepped down in December 2025 as president and head of Tata Semiconductor Manufacturing after less than a year in the role. Intel Israel's Reda Masarwa, former senior vice president, construction and facility at Tata Electronics, exited after a little over a year and a half.
Power ministry sends draft National Electricity Policy 2026 to Cabinet: Secy Pankaj Agarwal
The draft of the National Electricity Policy 2026 has been submitted for cabinet consultation to enhance the power supply. This policy aims to address the needs for grid management and renewable energy sources. The power sector has evolved since the last policy was established in 2005, with different challenges now present. Demand for coal-based electricity has recently increased, reflecting a need for improved logistics.
KAS Group eyeing chip gear refurb play with Singapore company
Partnering with a Singaporean firm, it plans to be the first Indian company to enter the high-growth vertical at a time when chip designing and packaging units in India are expanding fast, and an explosion in chip equipment demand has exacerbated supply bottlenecks, Manjunath Jyothinagara told ET.
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