India’s chip dream; Eternal’s four-fold rise in net profit

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India’s chip dream; Eternal’s four-fold rise in net profit

Startups

India's space startup sector has grown to over 450 companies, while the nation accelerates its semiconductor goals through Semicon 2.0. In tech, BigTech's AI spending may outpace cash flow by 2027, and an OpenAI agent recently hacked Hugging Face. Meanwhile, Eternal reported a four-fold profit increase, France plans a social media ban for minors, and the US is investing $5 billion in AI for scientific research.

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Swiggy Q2: Loss Narrows 16% YoY To ₹922 Cr, Revenue Jumps 36%

Business

Swiggy reported a consolidated net loss of ₹922 Cr in Q2 FY27, narrowing 16% year-on-year but widening 17% quarter-on-quarter. Operating revenue grew 36% YoY to ₹7,571 Cr, while total expenses rose 30%. Increased losses from its quick commerce business, Instamart, which saw segment losses widen to ₹764 Cr, impacted sequential performance despite improved food delivery profitability.

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Japanese-Themed Dining Chain Harajuku Tokyo Café Raises $3 Mn

Business

"Japanese-themed dining chain Harajuku Tokyo Cafe has raised $3 million in a pre-Series A funding round led by ZeroW, with support from Indian Angel Network and Samved VC. The startup plans to open ten new outlets across Delhi NCR, Mumbai, Bengaluru, and Chandigarh over the next two quarters. Founded by Gaurav Kanwar, the company aims for ₹100 crore in revenue this financial year following significant growth.".

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Jio Platforms IPO Subscribed 3.65X On Day 2 So Far, Retail Portion Fully Booked

Business

Jio Platforms' ₹30,213 crore IPO, set to be India's largest, was subscribed 3.65 times by the second day of bidding. Institutional investors led the demand with a 9.42x subscription, while retail and non-institutional portions also saw strong interest. Priced between ₹1,065 and ₹1,119 per share, the offering closes October 23. The company intends to use ₹27,500 crore of the proceeds to prepay telecom subsidiary borrowings.

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CureBay raises Rs 100 Cr in Pre-Series C round led by IvyCap Ventures

Startups

Rural healthcare platform CureBay has raised Rs 100 crore in Pre-Series C funding, led by IvyCap Ventures, with debt from Trifecta Capital and others. The capital will be used to expand its technology-enabled clinics across India, strengthen its healthcare delivery network, and enhance AI capabilities. CureBay operates over.

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Tesla says it will start selling Cybercabs by end of year

Startups

Tesla said it will start selling its Cybercab to customers by the end of the year even as federal regulators investigate whether the gold-hued, autonomous two-seater, which lacks a steering wheel and other traditional controls, meets vehicle safety standards. During the company’s third-quarter earnings call, Lars Moravy, vice president of engineering at Tesla, said the […].

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Blackstone’s Jas Khaira says fears over AI-buildout debt are overblown

Startups

Blackstone is aggressively positioning itself in the AI sector through its central hub, Blackstone N1. The firm provides flexible capital, including massive loans to neoclouds like CoreWeave and investments in data centers, often using GPUs as collateral. Despite rising interest rates and concerns over mounting infrastructure debt, Blackstone maintains that its investments are secured by creditworthy hyperscalers and continues expanding AI adoption via its Ode joint venture.

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GM is betting compute and AI will help it compete with Chinese automakers

Startups

GM unveiled its fourth-generation EV platform, emphasizing novel battery chemistries, revamped electric motors, and a new central computing platform. This software-centric architecture, debuting in the 2028 Cadillac Escalade IQ, aims for advanced autonomy, including hands-off highway driving. GM is centralizing vehicle functions on a powerful Central Compute Unit (CCU) to.

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Celebrities don't sell, the product does: Ananth Narayanan on what makes a D2C brand last

Startups

Ananth Narayanan, CEO of BRND.ME, emphasized that D2C brands must prioritize profitability, cash flow, and product-market fit over rapid scaling. He advised founders to think globally, leveraging India's exports and investing in R&D and packaging to compete internationally. Narayanan noted that while celebrities provide initial momentum, long-term success depends on product quality. He urged a shift toward sustainable growth, focusing on real consumer loyalty and eventual IPOs.

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Aye Finance Q2: Profit Surges 151% YoY To ₹87 Cr, Revenue Crosses ₹500 Cr Mark

Business

NBFC Aye Finance reported a strong September quarter, with net profit surging 151% year-over-year and 16% quarter-over-quarter to ₹86.7 Cr. Operating revenue also increased significantly, up 18% YoY and 8% QoQ, reaching ₹514.4 Cr. Total income for the quarter stood at ₹527.1 Cr, while expenses rose to ₹411.3 Cr, indicating robust financial growth for the company.

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SBI finds 3,897 customer records on dark web after hacker’s claim

Startups

State Bank of India (SBI) disclosed a suspected customer data breach, identifying 3,897 records with personal information on the dark web. This follows a threat actor's claim of possessing 3.75 lakh SBI customer records. The bank has launched a detailed cybersecurity investigation, engaging an independent agency to verify the leak and assess risks. The exposed data, potentially including identity verification documents, raises serious concerns about long-term risks and data protection compliance.

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Can India Capitalise On The AI Homecoming?

Business

<summary>Indian AI researchers are returning from global labs to build startups, fueled by a burgeoning ecosystem, government support, and growing investor appetite. This "reverse brain drain" aims to foster globally competitive AI companies. While top-tier experience is valued, investors stress the.

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Amazon bets on agentic AI to power enterprise ops; Is your marketing AI tool driving profit or just noise?

Startups

Cognizant and Google Cloud are partnering to accelerate agentic AI adoption, while Amazon is integrating autonomous systems into enterprise operations. In finance, Jio Platforms attracted Rs 2.5 lakh crore in anchor bids, and Hunar.AI raised Rs 40 crore. Additionally, India's online retail market is projected to exceed $90 billion. Other updates include a new India-New Zealand trade deal and US Secretary of State Marco Rubio's diplomatic visit.

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Anthropic pitches AI safety bill that may block a model if 50+ people could be killed

Startups

Anthropic has proposed a draft bill to Congress outlining a framework for AI safety regulation. The legislation suggests blocking the release of AI models that pose "foreseeable, imminent risks," defined as potential catastrophes causing over 50 deaths or one billion dollars in damages. Independent evaluators would assess these risks and notify the Commerce Department, which must then seek a judicial order to halt distribution.

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SpaceX’s AI business is beating expectations

Startups

SpaceX’s data centers and Grok agents have been more profitable than investors expected in second quarter of the year, as the company leaves its roots as a space company behind to focus on artificial intelligence, which now makes up 52% of its income. Elon Musk’s deep conglomerate reported on Tuesday $14.6 billion in third-quarter revenue. […].

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ChatGPT now lets you lock your chats

Startups

The company says the feature is designed for situations where users might be discussing something personal or planning a surprise and want to keep those conversations private when handing their device to friends or family to show them something in another chat.

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Ex-Nvidia-turned-VC Amulya Vishwanath: ‘Physical AI is in it’s LEGO era’

Startups

Amulya Vishwanath of Techable Ventures highlighted the "ChatGPT moment for robotics," noting the industry is currently in a "LEGO era." Foundational software and hardware, like robotic hands and actuators, are being developed, crucial for future innovation and scaling. She compared this phase to the internet era, suggesting it's a matter of time before advancements coalesce. Talent acquisition is also critical, with her firm assisting founders in connecting with top talent amidst competition.

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Plants can speak using electricity, so this startup built an AI model to decipher their language

Startups

Electric Plant, co-founded by Justin Mast, developed Bombadil, a large language model interpreting plants' subtle electrical signals to understand their needs. This technology provides growers with real-time insights, aiming to boost yields and reduce water usage by over 20%. With significantly cheaper sensors, Electric Plant recently secured $11.2 million in seed funding to bring its system, capable of analyzing diverse species,.

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TikTok staff raised child safety concerns, but executives reportedly failed to act

Startups

Court records obtained by NPR reveal TikTok employees repeatedly warned executives about child safety risks, including sexual exploitation and exposure to suicide-related content. Employees flagged minors in purchasable sexual content and exploiting age-restriction loopholes. TikTok allegedly avoided user age surveys to prevent sharing data with the FTC. The platform faces hundreds of lawsuits alleging harm to minors and failure to disclose known risks, having settled some cases.

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Figma co-founder Dylan Field thinks MCP is not a perfect protocol

Startups

Figma is expanding its support for the Model Context Protocol (MCP), announcing twenty new partners at its Config conference in India. Despite this expansion, co-founder Dylan Field has expressed concerns that the open-source standard is imperfect and favors frontier labs. Field also highlighted potential data abuse risks and questioned Anthropic's own implementation of the protocol, though he remains committed to opening Figma's ecosystem for its users.

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Jio Platforms' anchor book draws Rs 2.5 lakh crore in bids ahead of IPO

Startups

The IPO of Jio Platforms opens on October 21 Jio Platforms allotted 7.24 crore shares at a price of Rs 1,119 per share to the anchor investors and LIC received the largest allocation Jio Platforms has allotted shares worth Rs 8,109.85 crore to 212 anchor investors at the top end of its price ban.

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