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Time of India
15-07-2025
- Business
- Time of India
Google Pay's credit boost; Spiritual apps chant ‘AI'
Next Google Pay's credit boost; Spiritual apps chant 'AI' Want this newsletter delivered to your inbox? Also in the letter: Fintech majors are counting on co-branded cards in returns play Driving the news: Also Read: What does this mean? Zooming out: Also Read: AI becomes spiritual guide for customers on devotional apps Enhancing experience: Resulting in user acquisitions: Also Read: Uptick in funding: 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: Ola Electric's poor Q1 show prefaces profitability push, share rally By the numbers: Net loss: widened 23.3% YoY to Rs 428 crore (vs Rs 347 crore) widened 23.3% YoY to Rs 428 crore (vs Rs 347 crore) Vehicle sales: dropped to 68,192 units (vs 1.25 lakh last year) dropped to 68,192 units (vs 1.25 lakh last year) Gross margin: improved to 25.6% (vs 18.4% YoY) improved to 25.6% (vs 18.4% YoY) Total expenses: dropped 42.4% YoY to Rs 1,065 crore dropped 42.4% YoY to Rs 1,065 crore Sequentially: revenue increased 35%, while net loss narrowed 51% Profit focus: Also Read: Market reaction: TCS rolls out 100% Q1 variable pay for 70%+ employees Details: Hazy on hikes: Also Read: HCLTech's first quarter net drops 10% YoY to Rs 3,843 crore, revenue up 8% Numbers: Net profit : Rs 3,843 crore in Q1 FY26. : Rs 3,843 crore in Q1 FY26. Consolidated revenue: Up 8% YoY to Rs 30,349 crore. Up 8% YoY to Rs 30,349 crore. Revenue guidance: 3-5% for FY26, versus 2-5% earlier. 3-5% for FY26, versus 2-5% earlier. Deal book: $1.8 billion in TCV (total contract value). Other Top Stories By Our Reporters Insurtech startup Plum's healthcare foray: AI research startup Gibran raises funds: IPO-bound Fractal bags $170 million: Global Picks We Are Reading Happy Tuesday! Google Pay is working to launch a co-branded credit card. This and more in today's ETtech Morning Dispatch.■ Ola Electric's Q1 show■ TCS rolls out Q1 variable pay■ Insurtech Plum's new forayGoogle Pay, India's second-largest payment app, is in discussions to build a co-branded credit card with Axis Bank, according to two sources familiar with the has stuck mainly to digital payments in India, making only a cautious entry into financial services. But that's beginning to shift. After piloting personal and gold loans, the tech giant is now eyeing a broader play—lending its distribution heft to banks and non-banking financial corporations (NBFCs) looking to scale. The credit card push is the next step in that marks a shift for Google, which has so far avoided regulated businesses in India and pulled back its fintech bets globally. While Paytm and PhonePe ventured into insurance, broking, and credit, Google stayed in the payments lane. That might be about to move comes as the government has made it clear that UPI will stay free for merchants. Rival PhonePe has already launched a co-branded card. Despite tight regulations on such partnerships, the branding upside is significant for both Google and Axis and devotional platforms like AppsForBharat, Utsav and Bhagva, along with astrology startup Vaya, are increasingly turning to artificial intelligence to sharpen their offerings. From real-time chant translation and priest matching to astrological predictions based on planetary movements and birth charts, AI is fast becoming central to their product goal is to deepen user engagement and elevate the virtual spiritual experience. Jagriti Motwani, founder of Bhagva, said the platform now uses AI to pair devotees with pandits based on the occasion, type of puja, and specific spiritual isn't just about tech for tech's sake. While puja bookings and related ecommerce still drive core revenue, founders say AI-led content and tools are helping hook and retain users. At Utsav, cofounder Ankita De noted that nearly 50-60% of new users come in through content-led are taking notice. Earlier this month, AppsForBharat raised Rs 175 crore in a round led by Susquehanna Asia Venture Capital. Bhagva brought in Rs 8.6 crore in April, while Utsav secured Rs 6.35 crore from Equanimity Investments back in 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 Aggarwal, CEO, Ola ElectricElectric two-wheeler manufacturer Ola Electric's operating revenue nearly halved in the June quarter to Rs 828 crore, as vehicle sales declined amid increasing competition in the EV sector. Once the clear category leader, the company is now struggling to keep Bhavish Aggarwal said that the company is pivoting from aggressive expansion to profitability and operational stability. The industry, he added, is past its hyper-growth stage and entering a phase of Electric stock jumped 18.3% to close at Rs 47.1 on the BSE on Monday. Despite the revenue slump, investor sentiment was buoyed by operational improvements and cost a small win for TCS employees amid the broader uncertainty around pay hikes. The IT major has announced 100% variable pay for over 70% of its workforce for the April-June up to the C2 grade received their full quarterly bonus, according to chief HR officer Milind Lakkad. Those above C2 were paid based on the performance of their business internal grade ladder starts with trainees at Y level, moves up to C1 for systems engineers, followed by C2, C3 (A&B), C4, C5, and then the CXO no clarity yet on annual salary hikes. CFO Samir Seksaria said post-results that wage increases remain a ' priority ', though weak macro conditions continue to weigh on revenue slipped 3.1% year-on-year to Rs 63,437 crore in Q1, even as net profit rose 5.9% to Rs 12,760 crore.C Vijayakumar, CEO, HCLTechHCLTech, India's third-largest IT company, clocked a 9.7% year-on-year decline in quarterly net profit on the back of higher costs and the one-time impact of a client's CountAbhishek Poddar and Saurabh Arora, cofounders, PlumInsurtech company Plum has committed Rs 200 crore towards expanding its healthcare vertical, marking a push beyond group insurance into preventive and digital healthcare an AI research startup, has secured $2.6 million in seed funding from venture capital firm Together Fund, established by Freshworks founder Girish Mathrubootham and Eka Software founder Manav analytics firm Fractal Analytics has raised $170 million (about Rs 1,461 crore), valuing the company at $2.44 billion (Rs 20,978 crore). The public markets-bound firm made a secondary sale of 6% equity by its long-time investor Apax Partners.■ AI 'Nudify' websites are raking in millions of dollars ( Wired ■ Meta trial becomes test of board culpability over corporate scandals ( FT ■ TikTok's messy merger in Indonesia could be a preview of what's to come in the US ( Rest of World
Time of India
10-07-2025
- Business
- Time of India
Traffic on IPO exit route; Founders dig in pre-listing
Next Traffic on IPO exit route; Founders dig in pre-listing Want this newsletter delivered to your inbox? Also in the letter: IPOs lead India's startup exit wave, but M&As may catch up: report Driving the news: What fuelled it: Tell me more: Zoom in: Founders double down with pre-IPO stake boosts Driving the news: Why it matters: In venture-backed companies, repeated funding rounds often leave founders heavily diluted. To keep them aligned with public shareholders and motivated for the long haul, boards have started handing out pre-IPO top-ups. It's now effectively a playbook move. Zomato (now Eternal), Swiggy, Delhivery, PB Fintech, and Freshworks have all done it. Lenskart's numbers: Bottom line: Also Read: 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: Tariff test for Apple's new 'strategist' COO, Sabih Khan Tariffs, ahoy! Also Read: Top of the to-do list: Track record: Keeping Count Other Top Stories By Our Reporters Legal troubles deepen for Byju: Chai Bisket's microdramas pitch: Currency, the growth driver for Indian IT: Global Picks We Are Reading Happy Thursday! Public debuts were the popular exits for private equity and venture capital last year. This and more in today's ETtech Morning Dispatch.■ New Apple COO's challenges■ $10,000-a-day fine for Byju■ New actor on microdrama stageIndia's startup exits had a blockbuster 2024, with initial public offerings (IPOs) taking centre stage . Public listings accounted for 68% of all private equity and venture capital exits, according to a DC advisory report, shared exclusively with market exits hit $15.5 billion last year, driven by high-profile IPOs from Swiggy Ola Electric , and FirstCry . That's up from $13.3 billion in 2023, beating the $12.4 billion frenzy of corporate earnings, eager domestic investors, and a crop of VC-backed firms finally ready to list. But the game is already just the first five months of 2025, strategic M&A exits hit $2.5 billion, already ahead of last year's full tally. Deals like Hindustan Unilever buying Minimalist , InsuranceDekho's merger with Renewbuy, and Delhivery acquiring Ecom Express (after shelving its IPO) point to a growing momentum on the private valuations have come off the boil. Public investors are getting increasingly choosier, and fundamentals matter more than ever. That's opening space for a more balanced mix of exits through M&As and secondaries over the next 6-12 a record IPO run, India's exit story is entering a new chapter. Bankers say the split between public and private routes will likely even out as startups and their backers look for smarter, faster ways to cash Bansal, CEO, LenskartLenskart is the latest to clear the runway for its founder ahead of a blockbuster listing. CEO Peyush Bansal will likely receive additional shares through a structured payout, boosting his stake by 1.5–2%, people in the know told and cofounder-wife Neha currently hold around 12–13% between them. ET reported that the fresh allotment will give them a stronger foothold as Lenskart prepares for a $1 billion IPO , aiming for a $10 billion founder received options worth $200 million ahead of its 2024 IPO. Zomato's Deepinder Goyal landed fresh stock that could double his eyewear giant narrowed its FY24 loss to Rs 10 crore. Revenue jumped 43% to Rs 5,248 crore, while Ebitda more than doubled to Rs 856 stake boosts are no longer a nice-to-have; they're fast becoming standard practice. With the IPO queue growing, they give entrepreneurs more skin in the game and a stronger incentive to deliver once 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 Khan, COO, AppleSabih Khan, Apple's new chief operating officer and the latest Indian-origin executive to join Silicon Valley's top tier, steps into the hot seat at a tricky time . The Moradabad-born Apple veteran inherits a high-stakes brief — and a looming Trump-shaped Trump has threatened a 25% tariff on US-bound devices made overseas. That's bad news for Apple, which is expanding manufacturing in India while heavily relying on Agarwal of TechAisle tries to put things in perspective. 'Taking the operational reins of Apple right now is akin to being asked to redesign a spaceship's engine while it navigates an asteroid field." For Khan, the job is to keep Apple's supply chain smooth, its products flowing, and its prices a priority item, navigating the US-China tightrope and protecting Apple's global manufacturing playbook. That balancing act could define his 58, has already earned plaudits from CEO Tim Cook for driving advanced manufacturing and boosting Apple's US production. It's a return to familiar ground: Cook himself rose through the COO's role before taking over from Steve Jobs in 2011. Now, it's Khan's turn to steady the leading GPU maker outdid its Big Tech peers to reach the $4-trillion milestone first, exceeding the GDPs of France, Britain or India, buoyed by rising AI demand. Microsoft ranks second with $3.7 trillion market value, followed by Apple at $3.12 trillion.A Delaware judge has held Byju Raveendran in civil contempt for repeatedly ignoring orders in the bankruptcy case of Byju's US arm, slapping a daily fine of $10,000 until he content company Chai Bisket has raised $5 million in seed funding from Info Edge Ventures and General Catalyst to launch its microdrama app Chai Shots.A falling dollar, which gives the rupee a tailwind, should boost revenues for Indian tech companies by 0.7–3 percentage points in the June quarter, according to analysts.■ Why Big Tech is threatened by a global push for data sovereignty ( Rest of World ■ Andreessen Horowitz leaves Delaware for Nevada, tells startups to follow ( Bloomberg ■ The Bezos-funded climate satellite is lost in space ( The Verge
Time of India
08-07-2025
- Business
- Time of India
VCs bet on AI to reboot IT; Blinkit, Instamart lead
VCs bet on AI to reboot IT; Blinkit, Instamart lead Also in the letter: VCs back AI startups to shake up Indian IT services industry The pitch: Peak XV is scouting 'agentic AI' startups to automate application maintenance. Elevation sees automation potential across BPO, KPO, and customer support. Stellaris has already backed two startups tackling core IT services. India edge: Money talk: Zoom out: What's next: Also Read: Blinkit and Instamart pull ahead as Zepto slows down By the numbers: Blinkit's gross order value (GOV) grew over 25% QoQ. Instamart rose by around 22%. Meanwhile, the overall sector grew less than 20%, signalling these two are pulling ahead. User trends: In December 2024, Zepto and Blinkit each had around 5.5 million daily active users (DAUs). By June 2025, Zepto's DAUs fell to 4.9 million, while Blinkit surged to 6.2 million. Instamart's new standalone app (launched in January) hit 1.1 million DAUs by June — and it's also still live inside Swiggy's main app. Why it matters: Also Read: 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: Capgemini's $3.3 billion WNS buy: Big move, big questions Why it matters: The AI twist: WNS in numbers: FY25 revenue: $1.31 billion (down around 0.6% YoY). $1.31 billion (down around 0.6% YoY). Operating margin: 18.7%. 18.7%. 700+ clients, 64,000+ employees. Operations in 13 countries from 64 delivery centres. What analysts think: Market vibes: Also Read: Keeping Count Other Top Stories By Our Reporters Amazon Now arrives in Delhi: RackBank explores non-metros to cut costs: Global Picks We Are Reading Happy Tuesday! VC firms are turning their focus to AI startups looking to transform traditional IT services and outsourcing. This and more in today's edition of ETtech Morning Dispatch.■ Foxconn India recall aftermath■ Capgemini bags WNS■ Amazon expands Now footprintVCs like Peak XV Partners, Stellaris Venture Partners, and Elevation Capital are going all in on AI startups that want to shake up traditional IT services. Think automation for infrastructure maintenance, software testing, and customer support, all typically heavy on people and cost.' We (India) know how to scale people-heavy ops and sell services, not just software,' says Stellaris's Ritesh Banglani. 'Our bet is that tech-first services startups will be able to build distribution faster than the incumbents can build technology."By charging for outcomes, AI-first startups can 'price like services but earn like software,' says Accel India's Anagh just VCs, Masayoshi Son's SoftBank is eyeing buyouts in India's AI-powered IT and BPO space too. Investors are also betting on teams with deep domain chops from legacy IT adoption is widening the gap between revenue and headcount growth at big IT firms. But what does this mean for millions of IT jobs? Still a big question commerce stars Blinkit (owned by Eternal) and Swiggy's Instamart are estimated to have gained market share in April–June, while Zepto slowed down, according to competition cools, platforms are shifting focus to unit economics, cutting discounts, reining in marketing spend, and pushing higher average order values (AOVs).ETtech 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 tech giant Capgemini is set to acquire WNS , an Indian-origin business process management (BPM) firm, for $3.3 billion (about Rs 28,280 crore) in cash. That's $76.50 per share, a 17% premium to WNS's recent closing founded in Mumbai and now US-listed, specialises in BPO ( business process outsourcing) and data analytics for clients like Coca-Cola, T-Mobile, and United Airlines. Capgemini expects the deal to immediately boost revenue growth and margins, and lift earnings per share by up to 7% by is betting big on merging WNS's deep domain expertise with its AI capabilities, think Gen AI and Agentic AI, to create advanced, data-driven services. WNS CEO Keshav Murugesh says it's about shifting from 'automation to autonomy' and helping clients cut operating costs by as much as 40%.Morgan Stanley analysts flagged that AI could make BPO a more automated, less people-intensive sector, potentially reducing revenues and increasing competition. They also noted WNS is too small to dramatically move Capgemini's around $25 billion needle but adds around 19% to shares closed 5.6% lower after the announcement, hitting their lowest level since April. Investors are wary of the short-term balance sheet impact and long-term AI achieved the milestone within three years of launching its popular AI chatbot, ChatGPT. This marks a substantial increase from $5.5 billion in December 2024. (Source: CNBC , Crunchbase)Amazon has started offering its quick commerce service, Amazon Now, in a few localities in Delhi , after launching it in Bengaluru last infrastructure startup RackBank is looking to expand data centres in tier-2 cities like Indore and Raipur to reduce its operational cost by 2–3x as compared to data centre hotspots like Mumbai, Chennai and Noida.■ People are using AI chatbots to guide their psychedelic trips ( Wired ■ Meta's grand WhatsApp fintech experiment in India has fizzled ( Rest of World ■ Robotic probe quickly measures key properties of new materials ( MIT News
Time of India
30-06-2025
- Business
- Time of India
Q-comm firms add fees to cart; Curefoods joins IPO queue
Q-comm firms add fees to cart; Curefoods joins IPO queue Also in the letter: Quick commerce apps stack up extra fees to curb losses Driving the news: These add-on fees, charged over and above standard delivery rates, typically range from Rs 6 to Rs 30 per order, depending on city and demand. Crucially, they allow platforms to increase their take rates without adjusting base delivery fees, which remain subsidised to keep users engaged. Apps have also raised the minimum cart value, nudging users towards bigger baskets. However, this fee stacking has triggered a wave of user complaints about hidden charges. The government, too, has taken note — it recently flagged these as 'dark patterns' and asked these platforms to conduct self-audits. Also Read: Why it matters: Why it matters: The top platforms control more than 80% of the market and are battling swelling losses. Blinkit posted a Rs 178 crore loss in Q4 FY25, while Instamart's losses touched Rs 840 crore in the same period. With aggressive discounting and high delivery subsidies weighing on margins, these charges aim to plug widening gaps in the business model. Zoom out: India's quick commerce market is projected to touch $31 billion by FY28. For now, though, growth is coming at the cost of profitability, even as regulators and customers push back against the tactics being used to fund it. Also Read: Curefoods files for public listing amid IPO market resurgence Key details: The offer will include a fresh issue worth Rs 800 crore, alongside an offer for sale (OFS) of 48.5 million shares. Early backers Accel, Chiratae Ventures and Iron Pillar PCC would offload part of their stake in the OFS. JM Financial, IIFL Capital and Nuvama are advising on the IPO. Use of proceeds: Curefoods will use Rs 152 crore from the IPO to expand cloud kitchens, restaurants and kiosks, mainly for Krispy Kreme. Another Rs 127 crore will go towards debt repayment, with some funds allocated to boost stakes in subsidiaries. Ind-Ra downgrades IPO-bound on debt repayment worries On the flipside: Meesho gets shareholders' nod to go public What's on offer: Zoom out: Also Read: Mid-market GCCs likely to add 40,000 jobs by 2026 end Tell me more: Over 120 new mid-sized GCCs are expected to come up by the end of next year. Most of them will support functions across software, banking, finance, accounting, insurance, and retail. Hiring will remain concentrated in key tech hubs, including Bengaluru, Hyderabad, Chennai, Pune, and Gurugram. The hottest skills on the radar include AI/ML engineering, data analytics, cloud engineering, cybersecurity, full-stack development, product management, and solution architecture. Bird's eye view: Other Top Stories By Our Reporters Eggoz eyes to bolster presence with fresh funds: IndiaAI Mission emphasises building LLMs: Global Picks We Are Reading Happy Monday! Quick commerce players are introducing new charges to offset rising losses. This and more in today's ETtech Morning Dispatch.■ Mid-market GCC jobs outlook■ Fresh yolk for Eggoz■ IndiaAI's LLM focusIndia's quick commerce players — Blinkit, Instamart, and Zepto among them — are quietly layering on new charges , such as handling, small-cart, rain, and surge fees, to shore up their fragile unit economics, executives and analysts tracking the Nagori, founder, CurefoodsCloud kitchen operator Curefoods filed its draft red herring prospectus (DRHP) for an initial public offering (IPO), joining a wave of Indian tech firms tapping into renewed interest in the IPO Sharda and Souvik Sengupta, cofounders, Ratings, part of the Fitch Group, has downgraded long-term debt rating to 'BBB+ with Negative Outlook' from 'A- with Negative Outlook', citing worries around debt refinancing, weak liquidity and negative cash flows from operations in response, told investors and lenders in a note last month that the downgrade fails to reflect its improving financials, recent equity infusion, and upcoming liquidity events, including its planned Aatrey, CEO, MeeshoEcommerce platform Meesho has secured shareholders' approval to go public , the last step before filing its DRHP with company recently redomiciled to India in preparation for the listing. The IPO will feature a fresh issue of Rs 4,250 crore, along with an offer for could become the first digital-only one-stop shop to list in India. Its larger rival, Flipkart, owned by Walmart, is also exploring a public global capability centres (GCCs) are poised to add 40,000 jobs in India by the end of 2026, pushing their total workforce past 260,000, according to data from ANSR Global, which helps set up these captive GCCs are punching above their weight when it comes to deep tech. They account for around 1.5 times more talent in areas such as AI/ML, cybersecurity, cloud, and data science, according to a Nasscom-Zinnov report. While leaner by design, these centres are doubling down on niche and high-value skills rather than chasing startup Eggoz secured $20 million in new funding, with mid-market private equity firm Gaja Capital leading the round, to expand its presence in existing of the 506 proposals received by the IndiaAI Mission for developing foundational AI models, 43 are specifically dedicated to creating large language models (LLMs).■ Inside the British lab growing a biological computer ( FT ■ Why tech billionaires want bots to be your BFF ( WSJ ■ Facebook is starting to feed its AI with private, unpublished photos ( The Verge
Time of India
26-06-2025
- Business
- Time of India
Digital lenders stay cautious; Swiggy sees no easy wins for Rapido
ETtech Academy Empower your mind, elevate your skills ETtech Company Images Agencies 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. AP Happy Thursday! Some digital lending startups reported modest profit growth in FY25, while others have pulled back on IPO plans. This and more in today's ETtech Morning Dispatch.■ Ride-hailing GST ruling under review■ Infosys' Nilekani flags global risks■ NPCI reports 42% profit surgeDigital lending startups closed FY25 with mixed results . While some posted profit growth, others slowed down disbursals to maintain capital buffers in a volatile regulatory reported a 100% rise in net profit to Rs 100 crore for FY25. KreditBee posted a modest increase, with net profit reaching Rs 221 crore versus Rs 200 crore a year earlier. Axio, on the other hand, saw pressure on its operating metrics during the first half of the executives told us that several digital lenders are preparing draft red herring prospectuses (DRHPs), but few are expected to list before early 2026. Many are looking to secure Sebi approvals in advance and time their public offerings around improved market sentiment — possibly post the festive say regulatory uncertainty has stabilised and asset quality is holding up. With improved metrics expected this fiscal, some lenders are hoping to hit the public markets early next year. Swiggy 's Majety on Rapido's food delivery pushSriharsha Majety, group CEO, SwiggySwiggy says it remains agile and ready to respond, as Prosus-backed Rapido prepares to enter a market with few Rapido finalising its entry into the food delivery market, Swiggy founder and group CEO Sriharsha Majety said the company remains ' super agile and paranoid ,' and won't hesitate to act if the market shows signs of disruption. It's noteworthy that Swiggy is an investor in at an investor event hosted by Prosus in London, Majety said the food delivery market has seen multiple entrants — Uber, Ola, Amazon, and ONDC — come and go, with only Swiggy and Zomato managing to survive and scale.'There were a dozen players in 2015… and we're still standing. Credit to us and Zomato. It's not easy to find an opening that's a home run,' he said. 'But if we see one, we'll be out there in weeks.'Swiggy holds a 15% stake in Rapido, and both companies share Prosus as a common investor. Rapido is offering significantly lower restaurant commissions compared to incumbents as it enters the AAR questions earlier tax exemption for Juspay platform, citing possible misrepresentation and transfer of Karnataka Authority for Advance Ruling (AAR) has said it may revoke its 2023 ruling that exempted Namma Yatri from collecting GST on auto rides booked via its had originally secured the ruling on grounds that it offered a software-as-a-service (SaaS) platform charging drivers a subscription fee — not a per-ride commission. Since then, Juspay has transferred Namma Yatri to a subsidiary, Moving Tech AAR says the ruling may no longer apply since the business has changed hands and the original applicant, Juspay, no longer owns the platform. The authority also hinted that the initial exemption may have been based on incomplete case could impact GST treatment across other ride-hailing platforms like Uber, Ola, and Rapido, all of which are seeking clarity from the Central Board of Indirect Taxes and Customs (CBIC).ETtech 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 Nilekani, cofounder, InfosysAmid multiple global challenges and AI becoming unavoidable, Infosys chairman Nandan Nilekani said that the ongoing tariff wars is pushing businesses to derisk sourcing and that the energy transition adds another layer of National Payments Corporation of India, which runs UPI, IMPS, AePS and BBPS, reported a Rs 1,552 crore surplus for FY25 — up 42% year-on-year — on revenues of Rs 3,270 and and generative AI are now becoming part of the large deals for LTIMindtree , although with slightly longer closure cycle than the traditional vendor consolidation projects, its new CEO Venugopal Lambu told bond investment platform IndiaBonds raised Rs 32.5 crore ($3.77 million) from investors, including founder Amit Rathi, former Delhivery CBO Sandeep Barasia, and Sanctum Wealth CEO Shiv Gupta, among others.■ Who is most at risk from the billions of leaked Facebook and Google passwords? ( Rest of World ■ Snake Venom, Urine, and a Quest to Live Forever: Inside a Biohacking Conference Emboldened by MAHA ( Wired ■ Here's a running list of all of Tesla's robotaxi mishaps so far ( The Verge
