The vertical is placed within Flipkart's main ecommerce app under 'Play' – which has a content-led shopping discovery platform ‘Explore’ and microdrama vertical ‘Drama’. The move is intended to attract users to the platform and boost engagement ahead of the upcoming festive season.
The company said Srikrishna Ramakarthikeyan had resigned as CEO to pursue personal interests and will be relieved of his duties next month. He held the post for over a decade and also oversaw Hexaware's listing on the bourses last year.
The round, led by Insight Partners, included participation from Salesforce and existing investors Index Ventures, IVP, Vine Ventures, 9Yards and Bessemer Venture Partners.
Uber will cut thousands of jobs in a restructuring move. This and more in today’s ETtech Top 5.
High-income earners, many of them employees at AI companies, are snapping up multimillion-dollar houses in the San Francisco Bay Area, undaunted by the higher mortgage rates and rising home prices that have prevented many would-be buyers from affording a home.
Declining to give the quantum of funds the company was looking at, he said, "it is not just the product that is going to scale... for us backing is important because right now we can only scale up to 10,000. But beyond that, we need to infuse more capital in our factory and our supplier."
The European Commission in its 2024 decision said Edge was not an important gateway for businesses to reach users even though it met the quantitative criteria set out under the Digital Markets Act which sets out a list of dos and don'ts for Big Tech.
Chief Executive Officer Dara Khosrowshahi announced the changes in an email obtained by Bloomberg News, saying that Uber’s growth in recent years has created “more layers, more coordination, more fragmented ownership, and in some cases structures that made sense when businesses were smaller but no longer serve us well at our current scale.”
The publishers' feedback could determine the outcome of an ongoing EU investigation that could result in yet another hefty fine for Google if the proposal fails to address competition concerns and publishers' worries about unfair use of their content.
Some Dropbox users received an email from the company on Monday notifying them that their accounts have been accessed without authorization between August 4 and August 21, Dropbox confirmed after Bloomberg News reported the hack earlier in the day.
TSMC Vice President of Advanced Packaging Technology and Service Jun He said the company is working with Taiwan's Ministry of Economic Affairs and the Kaohsiung City government on the expansion, which is expected to boost validation efficiency by 25-50 per cent.
Dell raised its annual revenue outlook to $192 billion from $167 billion and adjusted earnings per share forecast to $25.50 from its earlier expectations of $17.90. The company, whose shares have more than tripled this year, now expects fiscal 2027 revenue for AI-optimized servers to be $74 billion, up from its prior projection of $60 billion.
The search operation is continued by the ED's Mumbai zonal office under section 17 of PMLA, 2002, which grants authorised officers the power to conduct search and seizure operations if they have documented reasons to believe that a person is involved in money laundering or possesses proceeds of crime, covering the premises of the suspects linked...
Artificial intelligence company Anthropic announced the launch of Claude Fable 5.1 and Claude Mythos 5.1, describing them as the world's most advanced models for coding and knowledge work.
Palo Alto Networks beat fourth-quarter earnings estimates on Tuesday and announced the acquisition of AI-native platform Console, saying advances in artificial intelligence are making cybersecurity a higher priority for corporate technology leaders.
Happy Monday! Big industrial groups are vying to get a piece of ISRO’s heavy rocket technology. This and more in today’s ETtech Morning Dispatch.
SK hynix CEO Kwak Noh-jung said SK hynix was looking globally for potential sites that could support its development and testing needs, citing power, water and government incentives among key considerations. Kwak also said the company's newly established AI Co. would serve as an investment vehicle for startups and companies that could support its...
The rise of social media influencers has given birth to a new wave of consumer brands, garnering tremendous venture capital interest.
The payout comes after a prolonged period of subdued variable compensation at the company. For nearly two years until the first quarter of fiscal 2026, mid- and senior-level employees received only about 20-40% of their eligible variable pay.
The “Machine Age Fund” will invest in AI computer infrastructure such as chips, memory, networking and storage, the firm said in a blog post on Friday, and will also include data centers, robotics and home appliances.
