India-US likely to take final decision on mini trade deal within 48 hours, CNBC-TV18 reports
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Vaishnaw talks up India tech; Startups' Aadhaar plea Want this newsletter delivered to your inbox? Also in the letter: India building tech capabilities in times of upheaval: Ashwini Vaishnaw Building tech muscle: Is China a hurdle? Competing with China: Trump troubles: Startups weigh government nod to use Aadhaar KYC for gig workers Quick catch-up: Also Read: Tell me more: Context: Sponsor ETtech Top 5 & Morning Dispatch! Why it matters: The opportunity: Reach a highly engaged audience of decision-makers. Boost your brand's visibility among the tech-savvy community. Custom sponsorship options to align with your brand's goals. What's next: Faasos parent Rebel Foods to sell stake in dessert brand Smoorr Driving the news: Missed expectations: The big picture: Also Read: Keeping Count Other Top Stories By Our Reporters Nykaa expects mid-20s revenue growth in Q1: Eternal appoints Aditya Mangla as food delivery CEO: X restores Reuters, Reuters World accounts in India after withholding: Global Picks We Are Reading Happy Monday! India's tech manufacturing capabilities are expanding despite headwinds, IT Minister Ashwini Vaishnaw told ET. This and more in today's ETtech Morning Dispatch■ Rebel Foods' reset■ Nykaa Q1 update■ Eternal's new appointmentUnion IT minister Ashwini VaishnawAs the world navigates a period of deep uncertainty, India is quietly building its own capabilities to reduce risk and stay future-ready, union IT minister Ashwini Vaishnaw told ET in a wide-ranging interview . Vaishnaw spoke about topics ranging from Foxconn's Chinese staff exiting India to Trump era-shifts in global is steadily strengthening its capabilities in complex components, such as mechanical systems and glass, as well as the broader assembly of electronics, Vaishnaw said. This comes amid reports of Apple's largest supplier, Foxconn, pulling back its Chinese engineers from India. He noted that India continues to receive technological support from Taiwan, the United States and South Korea. That, he believes, is enough to keep the momentum avoided a direct answer, instead emphasising the need for India to grow methodically and build a resilient supply chain over the long has held the top spot in electronics value addition for more than 30 years, contributing 38%. India, by contrast, has crossed the 20% mark in just seven years. Closing the gap in the next five years is a realistic goal, Vaishnaw about Donald Trump's calls to bring manufacturing back to the US , Vaishnaw played it diplomatically. The world, he said, has enough room for everyone. India, he added, should focus on the value it can internet startups are gearing up to approach the government for explicit approval to use Aadhaar authentication , after a recent crackdown on digital ID verification delivery, ecommerce, and ride-hailing platforms are struggling to onboard gig workers using Aadhaar-based eKYC, industry sources told us. The trouble began when the IT ministry halted all unauthorised use of Aadhaar for digital like Protean eGov Technologies can offer secure Aadhaar access, but government approval remains the key step. 'We are already in multiple conversations with players in the tech industry. However, it's important to note that ministry approval remains a required part of the process,' said Bertram D'Souza, Protean's chief product and innovation official nods in place, ID verification startups could plug into platforms like Protean and offer authentication services via user Top 5 and Morning Dispatch are must-reads for India's tech and business leaders, including startup founders, investors, policy makers, industry insiders and Reach out to us at spotlightpartner@ to explore sponsorship opportunities.(L-R) Kallol Banerjee, Jaydeep Barman, founders, Rebel FoodsFaasos and Behrouz Biryani parent Rebel Foods has explored a potential sale of its majority stake in premium chocolate and dessert brand Smoor, according to people familiar with the which owns around 57% of Smoor, has been seeking a buyer, but negotiations have not yet resulted in a deal. In response to ET's queries, a Rebel Foods spokesperson stated that the company remains committed to Smoor and continues investing in its long-term Rebel Foods acquired a controlling stake in Smoor in 2022, it projected that Smoor would triple its revenue in FY23 and cross $100 million by the numbers haven't kept pace. In FY24, Smoor clocked Rs 149 crore in revenue, up just 16% year-on-year, according to data sourced from Tracxn. Losses also progressively widened—from Rs 10 crore in FY22 to Rs 17 crore in FY23 to Rs 19 crore in has also shut its offices in Gurugram and Bengaluru as part of a broader operational reset. The moves suggest the cloud kitchen player is tightening up operations and rethinking bets on high-end brands, possibly ahead of an IPO, one of the persons told CEO Mark Zuckerberg is offering up to $300 million over four years to AI researchers for working in his 'superintelligence' lab, with a total compensation of over $100 million for the first year alone, Wired reported. His aggressive hiring tactics have left rivals fuming and India eyeing a cost advantage. 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