Economic Times
Happy Friday! Goldman Sachs is likely to increase its stake in SaaS startup MoEngage. This and more in today’s ETtech Morning Dispatch.
TCS's June quarter net profit decreased 3.16% to Rs 12,040 crore due to wage hikes for its 600,000-plus workforce; net profit increased 8.7% YoY. Reve
Goldman Sachs targets $35-50 million in MoEngage via secondary transaction. MoEngage, valued at $700 million in 2022 led by Goldman and B Capital, has
Sales of electric cars in June plunged 13.5% from the year earlier, having suffered a marginal drop in May, triggering fears that the Indian market ma
Michael McCaul and John Moolenaar of the House Foreign Affairs and Select Committee on China request a briefing on Microsoft's $1.5 billion investment
Elon Musk won dismissal of a $500M severance lawsuit for mass layoffs at Twitter. Judge Trina Thompson ruled ERISA irrelevant. Twitter’s 2019 plan p
Tesla's robotaxi unveiling delayed to October. CEO Musk set August date but postponed for more prototypes. Internal announcement caused 8% stock drop.
Hedge funds, including FengHe and CloudAlpha, invest in South Korea's chipmakers and firms like HD Hyundai Electric. These companies support Nvidia, a
The government advises private television channel broadcasters to get IN-SPACe authorisation for non-Indian satellites by April 1, 2025. Following the
Indian IT bellwether TCS kicked off the tech earnings season with a 9% YoY growth in net profit for the June quarter. This and more on today's ETtech
IAMAI warns Karnataka Gig Workers Bill, 2024 impacts business ease. They urge 30-60 days consultation. Overlaps with central codes raise costs. Issues
Tata Elxsi and Emerson's TENMIC in Bengaluru focuses on automotive innovation, emphasizing electrical/electronic architecture, electrification, and co
EU regulators probe Big Tech. Apple addresses DMA breaches, Spotify's complaint. Microsoft leaves OpenAI’s board. Meta's consent model, CrowdTangle
TCS's Q1 FY25 net employee count grew by 5,452 to 606,998, as per stock exchanges. Post a 13,249 reduction in FY24 (first annual drop in 19 years) and
Invesco has reduced the fair value of fintech company Pine Labs and food delivery firm Swiggy in its latest shareholder report. Pine Labs' value decre
Nemetschek targets India to boost Asia-Pacific revenue (currently 10%), tackling digitisation issues with mergers. Key projects including NIP and the
Earlier this year, Paytm faced a regulatory directive that severely impacted its payments bank subsidiary. Meanwhile, Byju’s has been grappling with
Apple said its offer would give European developers an option to enable tap-and-go payments for car keys, closed loop transit, corporate badges, home
Amazon's perceived code compliance score fell to 47% from 59% in 2023. The Groceries Code Adjudicator (GCA) 2024 annual survey shows that fewer than h
Sam Altman, OpenAI CEO, and Arianna Huffington, founder of behaviour tech company Thrive Global, have unveiled a startup Thrive AI Health, a hyperpers
