INTEL TECHNOLOGY INDIA
Lenskart, Meesho deliver gains of nearly $400 million for SoftBank Vision funds
Lenskart saw returns of $273 million, the highest among the Vision funds' listed investments, while Meesho gained $121 million, according to SoftBank's earnings presentation released on Tuesday. The gains come as SoftBank continues to monetise its Indian investments, having sold shares worth more than Rs 9,300 crore in Lenskart and Meesho since June.
AI slump revives Asia’s forgotten trades from China to India
Global investors are rethinking their Asia bets as the AI trade loses momentum following the US midterm elections. India and China are emerging as potential beneficiaries of the shift, with funds rotating towards undervalued stocks, domestic growth, healthcare, consumer companies and financials. India's limited AI exposure, easing oil prices and renewed foreign inflows are strengthening its appeal.
Ahead of Market: 10 things that will decide stock market action on Friday
Indian markets staged a powerful rally, with Sensex jumping 2,009 points and Nifty gaining 576 points. Improved global sentiment, easing crude prices, US midterm election results, foreign investor buying and strong Q2 earnings lifted market capitalisation above Rs 500 lakh crore.
PB Fintech, Delhivery improve Q2 profits; Binance's $6.3 billion caper
PB Fintech on Friday reported a strong jump in profit and revenue for the July-September quarter. This and more in today’s ETtech Top 5.
E-bike startup Ultraviolette targets 10,000 monthly sales by 2027-end
E-scooters account for close to 20% of new scooter sales in India, while electric motorcycles make up less than 1% of new motorcycle sales, he added. He expects electric motorcycle adoption to pick up as more manufacturers introduce products, similar to the increase seen in e-scooter penetration over the past three years.
From worst to best: How IT stocks staged a Rs 2.6 lakh crore revival this week
Indian IT stocks staged a sharp comeback this week, adding Rs 2.6 lakh crore in market value as the sector gained 12% to become the best-performing index. Better-than-expected Q2 earnings, positive management commentary and a selloff in AI-linked stocks helped revive sentiment, even as concerns over AI adoption and earnings growth persist.
Rs 82,500 crore rally in 3 days: Why TCS, HCL Tech, other IT stocks jumped up to 12% in 3 days and will the boom last?
Indian IT stocks have rebounded sharply. The Nifty IT index has risen 8%, adding Rs 82,500 crore to the sector’s market capitalisation. The rebound follows a selloff in global AI-linked stocks driven by concerns over stretched valuations, concentration risks and uncertain returns on heavy AI investments.
RSS affiliate calls for ban on Musk’s Starlink, citing ‘significant threat to national security’
Swadeshi Jagaran Manch has raised concerns about Starlink's potential threat to national security in India. The organization argues that the service could bypass local regulations and compromise user data security. Additionally, unauthorized Starlink terminals have been found in India, raising fears about misuse by anti-national elements. A research paper highlights Starlink's role in asserting US geopolitical influence through advanced technology.
Think Tank flags security concerns over Starlink, advocates protectionist approach by India
Elon Musk's Starlink is under debate in India regarding its potential geopolitical influence and technological implications. The Kutniti Foundation's report warns that Starlink could undermine India's technological sovereignty and harm its New Space industry. Starlink is said to bypass local regulations to establish unregulated connections with users. India's Ministry of Communications has denied claims about blocking Starlink's licenses due to vested interests.
ET Startup Awards 2026: Deeptech wants government to step up as the first customer
At the discussion, titled ‘Building the Hard Stuff in India’, moderated by Accel partner Prashanth Prakash, founders from the space, semiconductor and healthtech sectors discussed the challenges of building capital-intensive technologies, developing domestic capabilities and taking complex products to market.
US green card freeze: TCS, Infosys, Wipro, HCLTech had just 61 certified PERM cases in FY26
HCL America recorded 59 certified cases and TCS only two. Infosys and Wipro had no recorded cases in the period and neither did US-headquartered Cognizant.
US green-card freeze hits TCS, Infosys, Wipro; GTRI warns of wider IT curbs
The US government has suspended eight technology companies, including TCS, Infosys, Wipro and HCLTech, from the PERM green-card sponsorship programme, raising concerns over potential restrictions on foreign tech workers. A Global Trade Research Initiative (GTRI) report warns that curbs could extend to H-1B hiring and skilled-worker mobility. The move may push Indian IT firms to diversify markets and expand domestic delivery.
Ahead of Market: 10 things that will decide stock market action on Friday
Indian markets plunged on Thursday as RBI policy tightening, persistent FII selling, rising bond yields and rupee weakness battered sentiment. The Nifty hit a 52-week low of 22,179, while the Sensex fell 1,045 points, wiping out over Rs 10 lakh crore.
Top tech players, policymakers come together on Deepverse platform to develop deeptech
The Startup Policy Forum has launched DeepVerse, a groundbreaking initiative designed to bolster India's deeptech sector. This platform connects startups, investors, academics, and policymakers, fostering collaboration across ten sub-sectors, including biotech, quantum technology, and electric vehicles. With backing from influential investors and tech leaders, DeepVerse aims to create a robust policy framework that supports deeptech innovation in India.
Gnani AI launches Ascent partner programme to scale sovereign AI across enterprises
Gnani AI has introduced the Ascent programme to assist enterprises in scaling sovereign AI across their operations. This initiative connects a variety of partners including technology firms and systems integrators for effective deployment. Ascent builds upon Gnani AI's sovereign AI stack, which supports multiple industry-specific applications.
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.
Jio Platforms IPO in final stages after concluding worldwide roadshows
Jio Platforms is on the verge of launching what is projected to be the largest public offering in India, targeting USD 3.8 billion. International roadshows spearheaded by Akash Ambani and Isha Ambani have garnered interest. Following approval from Sebi, Jio Platforms plans to release new equity shares, constituting about 2.9 percent of its base.
Sashakt: Expanding Opportunities Charting the Course for Digital Inclusion at India Mobile Congress 2026
The India Mobile Congress 2026 revolves around the innovative theme 'Scale Without Boundaries,' aiming to address the necessity for equitable digital access and groundbreaking connectivity methods. Over a four-day period, engaging sessions will delve into topics like autonomous networks and the role of AI in telecommunications, featuring insights from influential figures in the industry and global policymakers.
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