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ETtech India Tech Jul 11, 2026
LTM profit jumps 17% to Rs 1,468 crore in April-June quarter

LTM's managing director and chief executive, Venu Lambu, said the results reflect the progress in executing an artificial intelligence-centric strategy among other aspects and termed the order book a…

LTM's managing director and chief executive, Venu Lambu, said the results reflect the progress in executing an artificial intelligence-centric strategy among other aspects and termed the order book as "strong" with a healthy pipeline across sectors. The company's overall revenue grew 18% on-year in rupee terms to Rs 11,608 crore during the reporting quarter, and was up 2.8% when compared with the March quarter.

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Inc42 India Tech Jul 11, 2026
New-Age Tech Stocks: MapmyIndia, PhysicsWallah Zoom; Ola Electric, Pine Labs Slip

India’s equity markets saw mixed investor sentiment this week, which trickled down to the performance of listed new-age tech stocks.…

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Inc42 India Tech Jul 11, 2026
Exclusive: GoKwik Lays Off Around 120 Employees Amid AI Push

Ecommerce enabler GoKwik has fired 100-120 employees as part of a restructuring exercise carried out over the past few weeks,…

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ETtech India Tech Jul 11, 2026
India to augment AI compute capacity: Ashwini Vaishnaw

Vaishnaw said rapid advances in AI are reshaping the global technology landscape and require continuous learning and innovation. He urged the IT industry to seize the opportunity by developing next-g…

Vaishnaw said rapid advances in AI are reshaping the global technology landscape and require continuous learning and innovation. He urged the IT industry to seize the opportunity by developing next-generation technology solutions and strengthening India's position as a global technology leader.

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Inc42 India Tech Jul 11, 2026
Zetwerk Cofounder Rahul Sharma Steps Back From Executive Role To Launch AI Venture

IPO-bound contract manufacturer Zetwerk’s cofounder and managing director of its precision business (electronics), Rahul Sharma, is transitioning from an executive…

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ETtech India Tech Jul 11, 2026
Karnataka IT minister Priyank Kharge, Anthropic India discuss AI collaboration for Karnataka

Karnataka's IT Minister met Anthropic India's MD to discuss the state's AI vision. Discussions focused on building advanced AI skillsets and forging strategic partnerships for skilling. According to …

Karnataka's IT Minister met Anthropic India's MD to discuss the state's AI vision. Discussions focused on building advanced AI skillsets and forging strategic partnerships for skilling. According to a statement from the minister's office, the two sides also deliberated on establishing Centres of Excellence and incubators to strengthen AI research, innovation and entrepreneurship in the state.

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India AI Policy India Tech Jul 11, 2026
India’s Power Industry Set to Gain Most from Global AI Expansion, Says Shriram Mutual Fund Report - The Impressive Times

India’s Power Industry Set to Gain Most from Global AI Expansion, Says Shriram Mutual Fund Report The Impressive Times

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ETtech India Tech Jul 11, 2026
SoftBank names ex-Goldman Sachs trader Mark Agne to lead Vision Fund finances

SoftBank Vision Fund has appointed Mark Agne to lead finance and technology roles. The move follows a series of staffing changes at SoftBank as its focus shifts alongside founder Masayoshi Son’s ques…

SoftBank Vision Fund has appointed Mark Agne to lead finance and technology roles. The move follows a series of staffing changes at SoftBank as its focus shifts alongside founder Masayoshi Son’s quest for technologies underpinning AI services. Agne joined SoftBank in 2019 after 17 years at Goldman Sachs, where he led the Japan securities division and was co-head of Asia-Pacific equity trading.

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India AI Policy India Tech Jul 11, 2026
Govt plans AI data trusts pilot at IIT Hyderabad to enable secure datasets, boost India's AI ecosystem - Moneycontrol.com

Govt plans AI data trusts pilot at IIT Hyderabad to enable secure datasets, boost India's AI ecosystem Moneycontrol.com

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Inc42 India Tech Jul 11, 2026
Swiggy Instamart Receives 9 FSSAI Notices Over Alleged Sale Of Expired Products

The Food Safety and Standards Authority of India (FSSAI) has issued nine notices to Swiggy Instamart following consumer complaints over…

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Inc42 India Tech Jul 11, 2026
ideaForge Raises ₹500 Cr Via QIP; Allots 62.9 Lakh Shares

Listed dronetech company ideaForge closed its qualified institutional placement (QIP) on Friday (July 10), raising ₹500 Cr from a clutch…

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India AI Policy India Tech Jul 11, 2026
Building India’s AI Future: Bridging Innovation, Policy, and Responsible Technology Through Collaborative Leadership - TheCSRUniverse

Building India’s AI Future: Bridging Innovation, Policy, and Responsible Technology Through Collaborative Leadership TheCSRUniverse

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Inc42 India Tech Jul 11, 2026
Zoho-Backed Genrobotics Posts ₹2.6 Cr Profit In FY26, Eyes ₹150 Cr Series B Round

Robotics startup Genrobotics saw its operating revenue rise 35% to ₹43.7 Cr in FY26 from ₹32.5 Cr in the previous…

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ETtech India Tech Jul 11, 2026
Union Minister Ashwini Vaishnaw urges IT industry to capitalise on global semiconductor talent shortage

India's IT sector can address the global semiconductor talent shortage of one million people. Prime Minister Modi's focus has led to twelve plants developing chips for export. Electronics exports hav…

India's IT sector can address the global semiconductor talent shortage of one million people. Prime Minister Modi's focus has led to twelve plants developing chips for export. Electronics exports have now become the country's third largest export category. Mobile phones are now the largest exported item from India. Railways are also transforming with station redevelopment and new train services.

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ETtech India Tech Jul 11, 2026
India set to play larger role in building global fintech infrastructure, says Payoneer

India's position as the world's third-largest fintech ecosystem is now translating into a larger platform-building role. Global financial technology companies are increasingly turning to the country …

India's position as the world's third-largest fintech ecosystem is now translating into a larger platform-building role. Global financial technology companies are increasingly turning to the country for product engineering, artificial intelligence and cross-border infrastructure. The country's fintech sector is estimated at USD 111 billion and is projected to reach USD 421 billion by 2029.

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YourStory India Tech Jul 11, 2026
Nostalgia is identity: how Avinash Mudaliar built Carvaan, and why AI needs its own Carvaan moment

In 2017, when much of India's music industry was chasing the young, app-native streaming user, one product went firmly the other way.

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India AI Policy India Tech Jul 11, 2026
Government to Offer 40% AI Chip Subsidy to Research Bodies and Ministries - Lapaas Voice

Government to Offer 40% AI Chip Subsidy to Research Bodies and Ministries Lapaas Voice

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ETtech India Tech Jul 11, 2026
Swiggy Instamart gets 9 FSSAI notices following customer complaints on contaminated food, milk

FSSAI has issued nine notices to Swiggy Instamart due to multiple consumer complaints. Allegations include supplying expired, spoiled, and contaminated food products to customers. Specific products l…

FSSAI has issued nine notices to Swiggy Instamart due to multiple consumer complaints. Allegations include supplying expired, spoiled, and contaminated food products to customers. Specific products like eggs and protein powder were found unfit for consumption. The regulator also noted issues with FSSAI license numbers and grievance redressal. Swiggy Instamart must submit a detailed report or face legal action.

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India AI Policy India Tech Jul 11, 2026
India's AI data centre gold rush - Moneycontrol.com

India's AI data centre gold rush Moneycontrol.com

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ETtech India Tech Jul 11, 2026
Bill Gates heir’s shopping app claimed sales it didn’t drive

Phia, co-founded by Phoebe Gates, faces accusations of violating affiliate marketing policies. The browser extension allegedly claimed sales it did not drive by injecting its own referral codes. Inde…

Phia, co-founded by Phoebe Gates, faces accusations of violating affiliate marketing policies. The browser extension allegedly claimed sales it did not drive by injecting its own referral codes. Independent researchers and competitors like Capital One Shopping highlighted these concerning practices. Phia acknowledged the issue, stating it has been fixed and resolved. The company has previously faced allegations regarding user data logging practices.

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Inc42 India Tech Jul 11, 2026
From Elevate Education To Aukera — Indian Startups Raised $72 Mn This Week

Indian startup funding remained largely flat in the second week of July. Between July 4 and July 10, Indian startups…

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India AI Policy India Tech Jul 11, 2026
India’s AI Upstarts Rake in $1b in H1 ’26 as VCs Double Down - The Economic Times

India’s AI Upstarts Rake in $1b in H1 ’26 as VCs Double Down The Economic Times

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ETtech India Tech Jul 11, 2026
Meta scraps AI image feature days after launch following privacy backlash

Meta discontinued its new AI image generation feature after significant criticism. The tool allowed image creation using public Instagram accounts without explicit user consent. Actors and a Hollywoo…

Meta discontinued its new AI image generation feature after significant criticism. The tool allowed image creation using public Instagram accounts without explicit user consent. Actors and a Hollywood union voiced strong objections regarding privacy concerns. Meta stated the feature missed the mark and is no longer available. This reversal highlights growing user control demands for AI content usage.

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ETtech India Tech Jul 11, 2026
US makes it easier to export Nvidia AI chips and military equipment to the UAE

The United States has eased export controls on the United Arab Emirates. This change allows easier access to Nvidia AI chips and military equipment. Approved UAE companies and US firms operating ther…

The United States has eased export controls on the United Arab Emirates. This change allows easier access to Nvidia AI chips and military equipment. Approved UAE companies and US firms operating there will receive license-free advanced computing items. This move strengthens US-UAE relations and supports American technology companies. The decision follows decades of cooperation against Iran and its proxies.

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ETtech India Tech Jul 11, 2026
Altera returns to growth as AI, robotics fuel demand, CEO says

Altera, a chip maker spun from Intel, is experiencing significant annual growth. The company anticipates strong performance driven by artificial intelligence and robotics applications. Altera is also…

Altera, a chip maker spun from Intel, is experiencing significant annual growth. The company anticipates strong performance driven by artificial intelligence and robotics applications. Altera is also preparing for a potential public listing in the near future. They have reduced reliance on Intel and are using advanced memory technology. This strategic positioning aims to capitalize on future market opportunities.

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YourStory India Tech Jul 11, 2026
Why trust, technology, and mindset will define the next phase of MSME growth

At MSME Sparks 2026, Srivardhini Jha, IIM-B’s Chairperson of Entrepreneurship, said MSMEs must pair traditional strengths with digital fluency, stronger data practices, and an entrepreneurial mindset…

At MSME Sparks 2026, Srivardhini Jha, IIM-B’s Chairperson of Entrepreneurship, said MSMEs must pair traditional strengths with digital fluency, stronger data practices, and an entrepreneurial mindset to stay competitive.

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ETtech India Tech Jul 11, 2026
Meta appeals verdict in social media addiction lawsuit

Meta has appealed a landmark social media addiction lawsuit verdict in Los Angeles. The company challenges the jury's determination that its platforms were designed to hook young users. This appeal f…

Meta has appealed a landmark social media addiction lawsuit verdict in Los Angeles. The company challenges the jury's determination that its platforms were designed to hook young users. This appeal follows a jury finding negligence by Meta and Google's YouTube. The jury awarded a young woman three million dollars in damages. Both companies plan to appeal, citing the complexity of teen mental health issues.

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ETtech India Tech Jul 11, 2026
Music industry launches AI-generated content labels

Music organisations have introduced a voluntary labeling system for AI-generated content. This system aims to inform listeners about the use of artificial intelligence in music. Two labels will disti…

Music organisations have introduced a voluntary labeling system for AI-generated content. This system aims to inform listeners about the use of artificial intelligence in music. Two labels will distinguish between fully AI-generated and AI-assisted recordings. Streaming services are closely monitoring this development for enhanced transparency. The proposed labels seek broad global adoption across various platforms.

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ETtech India Tech Jul 11, 2026
Apple files lawsuit accusing ChatGPT maker OpenAI of stealing trade secrets

Apple has accused OpenAI of stealing its trade secrets for new hardware. Two former Apple employees now working for OpenAI are named defendants. The lawsuit claims OpenAI encouraged employees to shar…

Apple has accused OpenAI of stealing its trade secrets for new hardware. Two former Apple employees now working for OpenAI are named defendants. The lawsuit claims OpenAI encouraged employees to share confidential information. OpenAI stated it has no interest in other companies' trade secrets. This legal action marks a significant rift in their partnership.

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YourStory India Tech Jul 11, 2026
Debt or equity? Recur Club’s Eklavya Gupta breaks down how MSMEs should choose capital

Recur Club founder Eklavya Gupta explains how MSMEs can choose between debt, equity, and alternative financing based on business needs.

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ETtech India Tech Jul 11, 2026
UK to regulate cloud service providers Microsoft, Google and others to protect financial stability

The UK government has identified Microsoft, Google, Amazon, and Oracle as essential cloud providers, implying new regulatory measures for these tech giants. This initiative is designed to bolster the…

The UK government has identified Microsoft, Google, Amazon, and Oracle as essential cloud providers, implying new regulatory measures for these tech giants. This initiative is designed to bolster the resilience of the financial sector against potential cyber threats and service interruptions, introducing stringent testing and reporting protocols. Through this framework, the UK aims to secure and stabilize its financial infrastructure for the future.

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YourStory India Tech Jul 11, 2026
Passion, connection, openness: Insights on artistic success from Master Strokes 2026

In this photo essay, we feature more highlights from a group show at India Habitat Centre in New Delhi, and curator insights.

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India AI Policy India Tech Jul 11, 2026
India's AI workforce is growing overnight, governance is not - YourStory.com

India's AI workforce is growing overnight, governance is not YourStory.com

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YourStory India Tech Jul 11, 2026
Inviting India’s next breakout startups; Preparing for the festive season

Tech30 alumni include companies such as Freshworks, Chargebee, Juspay, Innovaccer, Capillary, Skyroot, Pixxel, Qure.ai, Addverb, Hasura, Digantara, Apna, Onsurity, and DeepSource.

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YourStory India Tech Jul 11, 2026
India's AI workforce is growing overnight, governance is not

For enterprises across major cities, AI agents are no longer a future ambition. They are being woven into day-to-day operations. Meanwhile, human hiring remains subject to rigorous controls: backgrou…

For enterprises across major cities, AI agents are no longer a future ambition. They are being woven into day-to-day operations. Meanwhile, human hiring remains subject to rigorous controls: background checks, offer letters, EPFO onboarding, role definitions, and clear reporting lines.

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ETtech India Tech Jul 11, 2026
WhatsApp username rollout put on hold after govt notice

Telegram has also submitted its response to the government that last week issued formal notices to the messaging platforms, directing them to immediately halt the rollout of the username feature. The…

Telegram has also submitted its response to the government that last week issued formal notices to the messaging platforms, directing them to immediately halt the rollout of the username feature. These platforms currently rely on mobile phone numbers for user identification.

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Inc42 India Tech Jul 10, 2026
Justdial Posts ₹166 Cr Profit In Q1, CEO VSS Mani To Step Down After 30 Years

Digital classifieds platform Justdial’s net profit rose a meagre 4.1% to ₹166 Cr in the first quarter (Q1) of fiscal…

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Inc42 India Tech Jul 10, 2026
TAC Infosec Q1: Profit Zooms 137% YoY To ₹8 Cr, Revenue Up 102%

NSE Emerge-listed cybersecurity firm TAC Infosec’s profit after tax (PAT) zoomed nearly 137% to ₹8.1 Cr in the first quarter…

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Inc42 India Tech Jul 10, 2026
Ola Electric Faces Third Insolvency Petition, Gets NCLT Notice

Days after it emerged that Sterling E-Mobility Solutions and Anevolve Mando eMobility had initiated insolvency proceedings against Ola Electric, the…

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ETtech India Tech Jul 10, 2026
ET Graphics: Domestic investors overtake foreign funds at Swiggy in a show of home advantage

Domestic investors now hold majority stakes in Swiggy, reducing foreign holdings. Several foreign institutional investors have significantly reduced their stakes in the hyperlocal platform. Meanwhile…

Domestic investors now hold majority stakes in Swiggy, reducing foreign holdings. Several foreign institutional investors have significantly reduced their stakes in the hyperlocal platform. Meanwhile, domestic institutional investors have increased their holdings in Swiggy. This shift moves Swiggy closer to Indian-owned and controlled company status. The company will restructure its board to achieve this new designation.

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ETtech India Tech Jul 10, 2026
SK Hynix CEO sees worst-ever memory supply shortage in 2027, says demand to outstrip supply beyond 2030

"We forecast that next year ​will be the worst year in the industry's history from the supply perspective," Kwak Noh-jung told Reuters ​in an interview on ⁠Friday, the ‌day the South Korean memory ch…

"We forecast that next year ​will be the worst year in the industry's history from the supply perspective," Kwak Noh-jung told Reuters ​in an interview on ⁠Friday, the ‌day the South Korean memory chipmaker ​began trading ​on the Nasdaq.

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ETtech India Tech Jul 10, 2026
People 'disdain' AI, says director Christopher Nolan

Oscar-he believed the kind of movies he makes -- big-budget action films shot mostly on location -- would survive the spread of AI, a technology he says many people "disdain". The AI industry has tou…

Oscar-he believed the kind of movies he makes -- big-budget action films shot mostly on location -- would survive the spread of AI, a technology he says many people "disdain". The AI industry has touted the potential of the technology to replace actors, writers and camera operators -- claims that have spread panic in movie-making circles, though also plenty of scepticism.

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ETtech India Tech Jul 10, 2026
Nvidia supplier King Yuan Electronics to invest up to $1.4 billion in US facility

King ​Yuan Electronics said the investment is intended to support ​operational growth ⁠and strengthen ‌its position in ​the ​global supply chain.