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India's brain-gain moment may be starting with a crack in the American dreamAs green card backlogs, visa uncertainty and layoffs reshape the American dream, India is emerging as a stronger destination for globally e...- Mutual funds buy new-age dip; Infy CEO interviewHappy Thursday! Mutual fund inflows into listed new-age companies rose due to valuation adjustments and FPI selloff. This and more in today...
- Rapido's new backer; Blinkit gets funding boostAravind Sanka's Rapido has added a new investor to its ongoing $600 million round. This and more in today's ETtech Top 5.
- HSBC cutting staff numbers by 900 at China Pinnacle unit, sources sayHSBC is cutting its China digital wealth business Pinnacle by nearly half, reflecting challenges in boosting growth and profitability in th...
- Top startup and tech stories this weekWelcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look.
- Paytm shares rebound; Tata builds India’s first spy satelliteTroubled fintech major Paytm has seen a rebound in its stock, which jumped over 10% in the last two trading sessions. This and more in toda...
- How fintechs got their fingers in every pie; and other top tech, startup stories this weekOn Wednesday, ET wrote about how fintechs were adding more than 42% of the new investors in mutual funds every month. And this is not uniqu...
- SoftBank prepares new round of layoffs at Vision FundThe layoffs, which could be announced in the next two weeks, may impact up to 30% of its staff at the unit, including employees in US, one ...
- Exclusive: Reliance JioMart lays off 1,000 employees; govt groups may submit AI rules framework soonLayoffs have now hit Reliance Industries, with its wholesale format JioMart sacking over employees, as per people in the know. This and mor...
- TikTok’s future hangs in balance amid possible US ban & other top tech stories this weekEarlier this week TikTok said it has more than 150 million monthly users (nearly half the population) in the US, up from 100 million just a...
- India ranks higher than China for number of unicorns created in 2022: ReportIndia has remained higher than China in rankings for the second straight year in terms of unicorn creation.
- Ads on fintechs pay off for D2C firms; don’t use bikes as taxis for deliveries, Delhi govt tells online platformsWith a captive user base and high user engagement, fintechs such as Paytm, PhonePe, and Google Pay are becoming popular with direct-to-cons...
- PhonePe raises $100 million in fresh funding; Deepinder Goyal dismisses talks of attrition at ZomatoThe fundraise follows PhonePe’s recent change of domicile to India and full separation from the Flipkart group. Flipkart doesn’t own any st...
- Why group buying has flopped in India; firms seek clarity on proposed data storage rulesUnder this model, companies sell products at much lower prices to customers, provided they place orders as a group. Chinese internet firms ...
- Employees sue Twitter as bloodbath looms; Udaan sacks another 1,000Elon Musk’s Twitter, as expected, has begun the process of sacking about half of its 7,500 workers by cutting access to their laptops, emai...
- Ola rescinds move to fire 200 engineersEmployees were informed about the change in plan at a town hall meeting helmed by senior technology leaders at the company.
- Ola fires 200 more engineers in fresh round of layoffsThe company had laid off around 1,000 employees already this year as the company repurposed its focus to the ride-hailing and EV business.
- Only 6% Google fee for some apps; ED freezes another Rs 46 crore in loan apps caseGoogle’s revised Play Store billing policy, which is set to take effect in India on October 31, may bring good news for app developers that...
- China's central bank accepts Ant's application for financial holding companyThe People's Bank of China's (PBOC) expected approval of the plan is the latest sign that Ant, a tech giant with financial businesses stret...
- BharatPe to hire 75 product managers, engineers this year"BharatPe is coming up with a state-of-the-art tech-hub in Delhi to house its expanded product and technology team. The company plans to hi...
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