MASS EXECUTIONS
Ather rides to profit; Pronto's US AI play
Ather Energy swung to profit in the July-September quarter. This and more in today’s ETtech Top 5.
Netflix users are watching less, not opening the app as often
Netflix Inc. has seen a decline in user engagement, with customers opening the app less frequently than before. Although total watch time increased due to new subscribers, individual viewing has decreased significantly during this period. The company is facing challenges such as increased competition and fewer hit productions impacting viewer attraction. In response to these issues, Netflix has made leadership changes to strengthen its content strategy and overall business model.
Theaterisation must mirror India's security reality; no permanent division of IAF's fighter assets: Air Chief Marshal AP Singh
Air Chief Marshal Singh also emphasised that the "transformation of this scale" should be implemented in phases so that operational readiness is "never compromised" and warned against the "trap" of trying to predict the future battlefield with "excessive certainty".
AI-discovered bugs may soon trigger fresh disruptions, cyber experts say
AI helped drive a doubling of the number of digital flaws discovered year-on-year, according to research due to be published in the coming days by VulnCheck, a Massachusetts-based threat intelligence firm.
Smartphone shipments fall 20% YoY in Q3 as price hikes mute demand
In the third quarter of this year, India saw a staggering 20% drop in smartphone shipments, largely due to rising memory costs impacting overall device pricing and consumer desire. Notably, the mass-market segment, particularly phones under Rs 20,000, witnessed a 47% decline. The sluggish demand was evident during the festive sales, with ecommerce platforms recording lower figures.
Back to classrooms: Where India’s top leaders go to learn, and who can be in the room
Explore how top leaders attend executive masterclasses with global institutions like NTU Singapore and LSE. Partnering with these programs lets enterprise sponsors directly engage CXOs in high-trust, learning-focused environments, driving category authority and high-intent revenue growth.
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Swiggy’s Q2 report card; eMudhra to exit certificate biz
Swiggy continued on its growth trajectory while bringing down losses in Q2FY27. This and more in today’s ETtech Top 5.
Chapter Home raises Rs 63 crore from Bessemer, Stride Ventures, others
The startup plans to use the capital to strengthen product development, expand into new categories, invest in technology and brand building, and scale up distribution.
Indian banks open cheque books for ₹10,000 crore-plus in M&A funding after RBI rule change
Indian banks have recently engaged in significant M&A deals after the central bank eased financing rules. State Bank of India and other lenders are now financing up to 75% of deal values. The acquisition-financing market is estimated at nearly ₹2 lakh crore due to increased demand. Various large transactions include Crystal Crop Protection's acquisition of FMC Corporation's India business and others.
Explainer | Why would Musk merge SpaceX and Tesla?
Elon Musk has expressed support for a potential merger between Tesla and SpaceX. This merger could create a technology and manufacturing powerhouse worth approximately $3.5 trillion. By combining their resources, both companies could streamline operations and enhance collaboration on projects like AI and robotics. However, there are challenges related to governance, regulatory scrutiny, and execution risks that need to be addressed.
Navratri shoppers splurge on clothes, appliances as gadgets get pricier
Sales of apparel, footwear, and cosnumer durables increased over 20% during the recent Navratri-Dussehra festive period. Car retail sales saw a slight increase of 2% despite last year's GST-driven rush. Appliance sales were particularly strong, with air conditioners experiencing a growth of more than 50%. However, smartphone and television sales faced challenges due to rising prices of memory chips.
Trump's decision to waive Russian sanctions outrages Congress, but no quick counter seen
US President Donald Trump waived sanctions on Russia, which Congress had overwhelmingly approved for supporting Ukraine. Lawmakers expressed anger after the decision, criticizing Trump's approach towards Russia's President Vladimir Putin. As Ukraine faces severe winter conditions due to ongoing attacks, Congress remains out of session until after the elections. A bipartisan group of senators has urged faster action against Russia's oil trade.
Fire at Canada military base kills 4, at least 39 hospitalized including 19 critical
Four Canadian service members died and 39 others were injured during live-fire training in Alberta. The fire rapidly spread due to shifting winds, catching soldiers off guard during their exercises. Emergency medical responses involved multiple hospitals treating severe injuries, including burn victims requiring extensive care. The military is investigating the incident, while safety protocols will be reviewed based on the findings.
LG Electronics, Polycab among picks as premiumisation and infrastructure demand drive growth: Siddhartha Khemka
Consumer durable demand is showing an uneven festive recovery, with premiumisation and weather-led sales supporting select categories. Siddhartha Khemka picks LG Electronics and Polycab, citing their growth prospects, infrastructure demand and premiumisation. LG has a target price of Rs 2,075, while Polycab has a target of Rs 10,600.
Ixigo Q2 profit jumps to 63 cr; revenue up 13%
Ixigo's financial report reveals a net profit of 63.42 crore for the July-September period, indicating robust performance. The company enjoyed a 13% increase in operational revenue, totaling 320.96 crore. Their hotel segment excelled with a Gross Bookings Value surpassing 100 crores, reflecting a remarkable 159% year-on-year growth and driving significant revenue increase, largely from its loyal user base utilizing various transportation services.
Five hours a week of posting earned more than her 9-to-5: Meet Sundas Khalid of Seattle, she posted career wins on Instagram while at Amazon. In 2024 the side hustle earned $302,000
Sundas Khalid spent years building her career in Big Tech, moving from a $77,000 starting salary at Amazon to earning $292,000 a year at Google. Then her side business began bringing in even more money than her full-time job. In 2024, Khalid generated $302,000 in revenue through content creation, according to Business Insider. She spent around four to five hours a week on the business while continuing to work a 40-hour week at Google.
Software majors add more hands in Q2 on deal wins, growth optimism
Data showed the top six had added a net 5,500 to their rolls in the April-June quarter. Employee data of Infosys, the country’s second-largest software exporter, isn’t included in these calculations as the company is due to announce earnings on October 23 and hasn’t shared its latest manpower data.
Who was Griffin J John II? Oregon school shooter who gunned down four had 44 more rounds of ammunition when he was shot dead
A shooting incident occurred at Silver Rail Elementary School in Bend, Oregon, involving a former student. Griffin J John II, aged 16, targeted a special needs classroom which he had previously attended. The attack resulted in multiple casualties, including three children and a teacher, with the shooter using a legally acquired firearm. A parent intervened, fatally shooting the attacker shortly after the violence began.
Stellantis to invest ₹4,000 crore in India; launch 12 Jeep, Citroën vehicles by 2030
Dutch carmaker Stellantis plans to invest ₹4,000 crore in India over the next three years. This investment aims to introduce seven new and five upgraded models under the Jeep and Citroën brands. Stellantis seeks to triple its market share by 2030 while enhancing its manufacturing capabilities and localisation. Additionally, the company intends to expand its retail presence and strengthen brand awareness through various marketing initiatives.
How Akash, Isha Ambani’s missed college assignment led to the creation of Rs 10 lakh crore Jio
A failed college assignment by Isha Ambani helped spark the idea for Jio, which is now preparing for a Rs 30,213 crore IPO at a valuation of around Rs 10.3 lakh crore. Akash Ambani said the proceeds would go towards debt reduction, as Reliance seeks to unlock value from its digital business.
Netflix layoffs: 1,000 employees eliminated ahead of quarterly earnings results; biggest cut since 2022
After a challenging year at Wall Street, Netflix lays off around 1,000 employees, comprising about 6% of its total workforce. The impact will be mainly felt in the product and technology sectors. The job cuts come on the heels of a steep 40% drop in stock value this year. This is Netflix’s biggest round of layoffs since 2022, when the company cut hundreds of jobs during a subscriber slump.
US man, 19, arrested over alleged mass shooting plot targeting Hindu temple in Palatine Illinois
Police arrested 19-year-old Alexandros Paporakis for allegedly planning a mass shooting at a Hindu Temple. Investigations revealed he communicated threats and shared a detailed document about the attack. Law enforcement recovered a rifle, ammunition, and tactical equipment in his residence. The FBI noted the extremist ideologies expressed in his writings targeting individuals of South Asian heritage. The prompt action of local police contributed to preventing potential violence in the community.
Who was James Robertson? 63-year-old inmate, who killed his cellmate 18 years ago to get the death penalty, is executed in Florida
James Robertson was executed in Florida 18 years after the murder of his cellmate, Frank Hart. He had pleaded guilty to first-degree murder and waived all his appeals before the execution. Robertson had been in prison since 1980 for multiple convictions, while Hart was about to be released. Florida has carried out over a dozen executions this year, with Robertson's being the 17th.
Astranova Mobility arm gets NBFC licence, targets Rs 5,000 cr AUM in 5 years
Astranova Mobility's lending subsidiary, Novafusion Capital, receives approval from the Reserve Bank of India (RBI) to operate as a Non-Banking Financial Institution (NBFC). The firm targets ₹5000 crore in assets under management (AUM) over the next five years, focusing on India's transition to electric mobility. The company highlights the country's requirement of $100 billion to transition its commercial vehicles to electric mobility.
PM GatiShakti completes 5 years, next phase focuses on multimodal connectivity: Piyush Goyal
Union Commerce and Industry Minister Piyush Goyal on Tuesday said the PM GatiShakti National Master Plan would continue to support multimodal connectivity, faster infrastructure development and greater logistics efficiency as the initiative completed five years.
Have Money, Will Buy! Festive online sales off to fine 'premium' start
During the festive season, demand for premium goods has seen significant growth on e-commerce platforms. Sales have increased by 40% compared to last year, driven by consumers upgrading their purchases. Quick-commerce platforms have also experienced higher transaction values, particularly in urban areas. While mass-market demand has softened due to rising prices, premium products continue to perform well.
Harvard Medical School experts suggest a 10-minute workout that can help older adults lose upto 165 calories; shed weight without sacrificing muscles
While it is commonly believed that losing weight can become difficult after a certain age, research shows that a 10-minute HIIT workout (high-intensity interval training) can go a long way in helping you achieve a full-body workout in a short span of time and also let you burn fat without losing muscles.
CJP to hold press conference today after leaders released from detention in Delhi
Cockroach Janata Party leaders Abhijeet Dipke, Ashutosh Ranka, and Saurav Das were released from detention. They were detained during a protest in the national capital related to Chief Election Commissioner Gyanesh Kumar. Following their release, a press conference was announced for later today. Delhi Police has reportedly registered multiple FIRs as a result of the protests staged by CJP members.
US military to livestream firing squad execution of Fort Hood shooter Nidal Hasan, Pentagon official says
The US military will execute Nidal Hasan by firing squad at Fort Hood. Hasan, responsible for the 2009 Fort Hood shooting, will be the first to face this execution method since 1945. Defense Secretary Pete Hegseth announced that the execution will be made public and livestreamed. This decision underscores the seriousness of the consequences for such actions in the military.
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