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Canva layoffs 2026: CEO Melanie Perkins plans to give away 80% of her billion-dollar fortune as company announces 22% job reductions
Canva CEO: Canva CEO Melanie Perkins has drawn attention amid the company's decision to cut 1,271 jobs, affecting 22% of its workforce. Perkins has also pledged to donate more than 80% of her wealth to charity. The billionaire co-founder, who built Canva from a small start-up into a $42 billion company, signed The Giving Pledge with her husband Cliff Obrecht in 2021.
OneStack raises Rs 12.5 crore to take cooperative banks deeper into UPI ecosystem
OneStack, a fintech provider, secured ₹12.5 crore funding to enhance cooperative bank participation in UPI payments. The funding will help expand services among cooperative banks and NBFCs while developing compliance offerings. Partner banks can now act as UPI issuers and acquirers, which improves revenue opportunities. This shift allows banks to maintain direct relationships with customers and merchants while managing transaction data.
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.
Jessica Alba, Martha Stewart and McCall DaPron face Halloween backlash: What made their Halloween costumes 2026 so controversial?
Jessica Alba sparked outrage after donning a costume that mimicked the infamous 1994 attack on Nancy Kerrigan. Alba's outfit featured a bloodstained bandage, with a companion portraying Tonya Harding. Many observers deemed the costume distasteful, criticizing its insensitivity to Kerrigan's painful past. The backlash was echoed across social media, highlighting ongoing concerns about celebrities' choices during festive occasions.
Tax-wise, $-foolish: Saving Dalal Street could come at a cost to Startup Street
India's financial landscape is experiencing pressure with foreign portfolio investors becoming net sellers in the market. There are discussions about implementing tax cuts to stabilize the situation, which could disadvantage domestic investors. A focus on only listed shares may divert investments from private markets and harm the startup ecosystem. Expert suggestions advocate for a universal tax reduction applicable to both listed and unlisted shares.
In 1907, gold and silver turned Rawhide, Nevada, into a town of 7,000; by 1910, only 500 remained after stock fraud, a major fire, and a flood wrecked the boom
In 1906, Rawhide, Nevada saw a surge in population, swelling to 7,000 residents after gold was discovered. However, by 1910, it faced a steep decline to about 500 inhabitants, driven by disasters like a severe fire in 1908 and flooding. Although the town was rich in gold and silver, scandals marred its image. Today, Rawhide is a sobering reminder of the fleeting glory of boomtowns.
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Amazon burns cash, Intel flags weak PC demand as AI boom's costs ripple across markets
As Wall Street grows increasingly anxious about AI-related expenditures, major tech giants like Amazon and Intel display alarming financial outcomes. With soaring operational costs and waning consumer interest, both companies face challenging cash flow situations, resulting in borrowing to cover rising expenses. This situation has led to declines in semiconductor and AI cloud shares as investors question future profitability, sparking fears about the tech sector's growth sustainability.
Halloween costume ideas 2026: 10 last-minute looks that will terrify everyone (Pop Culture edition)
With Halloween approaching, there are numerous costume ideas inspired by recent pop culture phenomena. Costumes can be created from existing clothes combined with simple additions and props. Options include Halloween-themed characters, famous celebrities, and musical artists that are easily replicated. Several pairs of characters offer varied looks that cater to different tastes in fashion. These inspirations allow for a creative and engaging Halloween celebration.
Kae Capital launched a $25 million fund in 2012; 13 years later, Porter and HealthKart had helped it deliver more than 5x returns
Kae Capital’s $25 million bet on Indian startups in 2012 has paid off years later. Porter alone returned more than twice the fund’s original size, while HealthKart returned an amount equal to the entire fund. Together, the investments helped deliver multiple times the original capital, which shows the value of early startup investing.
India Jewellery Park in Navi Mumbai to generate 1 lakh jobs: Maharashtra CM Fadnavis
Maharashtra Chief Minister Devendra Fadnavis said the India Jewellery Park in Mahape, Navi Mumbai, is planned with an investment of around ₹50,000 crore and is expected to generate one lakh jobs. Developed under the Gem and Jewellery Export Promotion Council, the facility aims to strengthen India’s global position in the sector.
From a nearly $11 million Pagani Zonda, an Aston Martin hypercar to 3 Ferraris, F1 star Fernando Alonso boasts a multi-million dollar car collection: Here’s a look inside
Fernando Alonso, the well-known Formula One driver, possesses an expansive collection of luxury and hypercars. He recently acquired a Pagani Zonda Diamante Verde, valued at approximately $11 million. His collection also features multiple Ferraris, including a LaFerrari and a special edition Ferrari 599 GTB. In addition, Alonso owns a Maserati GranCabrio and a McLaren P1, among others. His passion for cars reflects his successful and lengthy career in Formula One.
Snabbit reports net loss of Rs 168 crore, revenue of Rs 12 crore in FY26
Backed by investors including Nexus Venture Partners, Elevation Capital and Lightspeed, the Bengaluru-based company started operations in August 2024, making FY26 its first full year of operations.
How meaningful business conversations connect brands with the right decision-makers
In a changing business environment, reaching the right decision-makers takes more than visibility. The right platforms can help brands share expertise, build industry relationships and explore new business opportunities.
India’s family offices bet on homegrown AI firms to gain ground
India’s tech landscape is witnessing an influx of investments from family offices and wealthy individuals. Key players like Premji Invest and Claypond Capital are funding promising AI startups. With at least six companies achieving unicorn status, the environment for AI is becoming increasingly supportive. This shift highlights the need for sustained investment in India’s AI ecosystem. The growth potential is significant, despite challenges in funding and competition.
India’s manufacturing growth opens new investment opportunities: Trifecta Capital co-founder Rahul Khanna
India's manufacturing sector is expanding, which is leading to investment opportunities in various industries and defence. Trifecta Capital's co-founder highlighted the rise of trusted economies, with India being a key player. Companies are restructuring supply chains and leveraging technology to facilitate growth opportunities. Robotics developments in India are also helping to overcome data scarcity challenges in research. Overall, this trend signifies India's growing role in the global manufacturing ecosystem.
AI cloud unicorn Neysa eyes 2027-end IPO, plans new Nvidia, AMD chips and own data centres
Cofounder and CEO Sharad Sanghi told ET AI the firm is seeing demand from Indian customers and global companies looking to use India as a computing base with BFSI clients leading enterprise demand.
Skyroot eyes funding boost; MDR deferment cheers D2C brands
Happy Thursday! Skyroot is eyeing a big funding round as it gears up to scale rocket production. This and more in today’s ETtech Morning Dispatch.
India first, orbit next: Skyroot eyes $300 million dual valuation plan
Skyroot is in talks with Indian family offices to raise $150 million at a valuation of $2.3-2.5 billion, while the company is seeking to mop up the same amount from global investors such as General Catalyst, General Atlantic and Silicon Valley venture fund Benchmark at a higher valuation of up to $3 billion, the people said.
Fintech funding rises 14% to $2.2 billion in Jan-Sep; deal count falls 41%: Tracxn
Funding in the first nine months of 2025 stood at USD 1.9 billion. The number of rounds dropped to 153 from 260 a year ago, the data intelligence platform said in a report.
German startup 1Komma5Grad secures $1.35 billion valuation in new financing round
1Komma5Grad has achieved a valuation of $1.35 billion and is planning to invest heavily in its energy AI initiative. The startup intends to allocate over 100 million euros toward its AI named Heartbeat by 2027. CEO Philipp Schroeder indicated that the company is looking to expand its business into the United States next year. They previously postponed their IPO plans in 2025 due to market fluctuations caused by certain policies.
H-1B visas, green card programmes generated $2.1 trillion in US household income: USISPF
The US-India Strategic Partnership Forum has backed the Trump administration’s crackdown on alleged PERM abuse while warning against overlooking the economic contribution of legal immigrants. USISPF said green card and H-1B pathways have strengthened US growth and innovation, citing $2.1 trillion in household income and nearly $579 billion in federal, state and local taxes generated by legal immigrants.
In 2025, Victoria Isaac released an album at 8 years old and became the world's youngest female music producer
Chennai's 8-year-old prodigy musician Victoria Isaac released her debut album, Musically Fantastic, in 2025. Recognised by Guinness World Records as the world's youngest female music producer, she combines violin, several instruments and digital production tools, such as GarageBand and Ableton, with AI platforms. Her 12-track album features imaginative concepts inspired by robotics, animation, movement and childhood creativity.
Jim Carrey bought Maui oceanfront mansion in 2016. Now, actor looks to sell Keawakapu Beach property for $35M
Jim Carrey has put his Maui oceanfront mansion up for sale for $35 million after buying the property for $16.5 million in 2016. The Hawaii property comprises nearly an acre with a 4,717-square-foot main house, three bedrooms, a pool, spa, guesthouse, and 170 feet of beach frontage. This comes after Jim got married and moved out of his previous Los Angeles home.
ET Interview: India’s aspirational middle class gives it demographic edge, says Verlinvest CEO Roberto Italia
Verlinvest is planning to invest €1 billion in India over the next five years, reflecting the country's economic dynamism. The firm identifies opportunities in various sectors, including health, fitness, and digital content. India's growing middle class has shown an increasing willingness to spend on consumer products and services. The digital revolution in India is transforming consumption patterns and driving new economic activities.
A real-life robot battle arena is opening in Japan, here’s how much it costs to enter
The main attraction, called Robot Fight, puts two visitors head-to-head in an arena. Each person steps into a large robotic exoskeleton. Sensors inside the robot suits detect when a strike successfully lands.
Nikhil Kamath has a '100' funding message for startups: Zerodha co-founder backs post urging startups to raise enough money to stay comfortable for “a year or two” as “next year could be bad”
Nikhil Kamath advice for startups: The Zerodha co-founder expressed agreement with a warning that startups should raise capital soon due to uncertain conditions. A social media post highlighted the importance of securing enough money for the next one or two years. India’s funding environment is experiencing a decline in deal volume but an increase in total funding amounts. The focus is shifting towards larger funding rounds amidst challenging market conditions.
Indian robotics, Agri and medtech startup showcase capacities at Moscow Startup Summit
The two-day event concluded Wednesday at SberCity, backed by Russia’s biggest bank Sberbank. The event was organised by the government of Moscow and Sberbank.
IIT Madras-backed deeptech fund raises Rs 450 crore in first close, invests Rs 55 crore in four startups
The fund, which has a target corpus of Rs 1,000 crore including a Rs 400 crore greenshoe option, achieved its first close within three months of receiving approval from the Securities and Exchange Board of India (Sebi), Bhaskar Majumdar, managing partner, Unicorn India Ventures told ET.
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