MeitY Floats New Privacy-Led Framework To Unlock Data For Training AI Models

Source: inc42

MeitY Floats New Privacy-Led Framework To Unlock Data For Training AI Models

Business

India's IT ministry proposed a consent-based Data Empowerment and Protection Architecture (DEPA) for AI training. This framework enables startups and institutions to access India-specific datasets for AI model development while safeguarding citizen privacy. It facilitates collaboration without direct data transfer through secure techno-legal architecture.

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Atomberg Technologies receives SEBI nod for IPO

Startups

Atomberg Technologies received SEBI approval for its IPO, combining a fresh issue of Rs 450 crore and an offer for sale. Proceeds will fund debt, marketing, R&D, and general corporate purposes. The consumer appliance maker reported FY26 revenue of Rs 1293.77 crore, a 34.83% growth, alongside a Rs 148.88 crore loss. Atom.

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Skip the small talk: Make game-changing connections at TechCrunch Founder Summit with Braindate

Startups

At TechCrunch Founder Summit 2026, happening November 4 at SoWa Power Station in Boston, networking powered by Braindate is designed to make those conversations easier to find, whether they are in 1:1 or small-group on-site meetings. Register before the event starts to save up to $100 on your pass, plus get a second for free.

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Delhivery reports net profit of Rs 41 crore in Q2 of FY27

Startups

Delhivery reported a net profit of Rs 40.63 crore in Q2 FY27, reversing a loss from the previous year, with revenue climbing 19.8%. The logistics firm saw strong growth in express parcel and part truck load volumes. New businesses, including Delhivery Local, are expanding rapidly and exceeding revenue targets. Investments in AI are improving productivity, while Delhivery Robotics is developing autonomous vehicles. Despite a volatile macro environment, the company expresses confidence, citing improved service levels and profitability.

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PB Fintech Q2 Profit Jumps 42% YoY To ₹192 Cr, Revenue Up 35%

Business

PB Fintech, an insurtech company, reported a strong financial performance in the September quarter of FY27. Consolidated net profit jumped 42.5% year-on-year to ₹192.4 Cr, up from ₹135 Cr last year. Operating revenue also increased significantly, rising almost 35% year-on-year and 15% quarter-on-quarter to ₹2,177.7 Cr. Total expenses for the quarter stood at ₹2,067.7 Cr, highlighting robust growth.

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India needs a digital goods marketplace and control of its distribution layer, say Indus Appstore and Eloelo

Startups

Priya Narasimhan of Indus Appstore and Sagar Gaonkar of Eloelo Group argued that India’s next 500 million users will come through AI-ready, locally priced platforms, and that sovereignty must extend beyond chips and models to app distribution, billing and data.

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Binance estimates $6.3B impact from security breach, freezes $3B in crypto assets

Startups

Cryptocurrency exchange Binance estimates a major security incident's total impact at $6.3 billion, with $3 billion in digital assets frozen on-chain. Preliminary findings suggest a compromised DevOps engineer's laptop led to unauthorized withdrawals, though no private-key compromise occurred. Binance has suspended deposits/withdrawals, assured users it will cover all losses.

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Pine Labs Q2 net profit soars 6.5x; Cognizant trims 2026 growth outlook

Startups

Pine Labs’ net profit rose 6.5 times to Rs 38.6 crore in the second quarter of FY27, while revenue grew 24% year on year to Rs 806 crore. In other news, Cognizant has trimmed the upper end of its annual growth guidance for 2026.

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Bluesky blocks links to leaked DHS employee data as government seeks takedowns

Startups

Bluesky is blocking access to a nonprofit's website hosting over 40,000 leaked U.S. Department of Homeland Security employee records. A hacker obtained names and contact information, which DDoSecrets then published. Bluesky cited community guideline violations for marking links as "malicious." DHS confirmed awareness of the breach and is addressing it, while also issuing takedown notices that led to a search site hosting the sensitive.

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Amazon updates Alexa to help you manage shopping lists, subscriptions, and update delivery instructions

Startups

Amazon has introduced over 100 new shopping capabilities for Alexa ahead of the holiday season. Users can now manage subscriptions, create and edit shopping lists, update delivery instructions, resolve payment issues, and inquire about Prime and Audible subscriptions. This significant update aims to streamline the shopping experience, building on Amazon's recent AI-centric feature launches. Alexa.

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One Planet Partners ties up with Japan's Sumitomo Mitsui Trust Bank to launch Rs 3,000 cr fund

Startups

One Planet Partners is an investor in Yulu One Planet will invest in high growth companies across the sectors of energy, mobility and manufacturing One Planet Partners, an India-focused private equity firm, has announced a partnership with Japan's Sumitomo Mitsui Trust Bank (SMTB), and the launc.

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Shadowfax Q2 Profit Zooms Over 5X YoY To ₹68 Cr, Revenue Crosses ₹1,500 Cr

Business

Shadowfax reported a significant increase in its Q2 FY27 financial performance, with consolidated net profit jumping 421.9% year-on-year to ₹68 crore from ₹13 crore. Operating revenue rose 56.6% to ₹1,537.7 crore, while total income reached ₹1,558.1 crore. Despite a 53% increase in total expenses to ₹1,490.2 crore, the company's revenue growth outpaced spending, resulting in improved margins and a sequential profit rise of 3.9%.

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Pine Labs Q2 Profit Jumps Over 6X YoY To ₹38.6 Cr, Revenue Rises 24%

Business

Pine Labs reported a robust financial performance in Q2 FY27, with net profit soaring over 6X year-on-year to ₹38.6 Cr. Operating revenue increased 24% to ₹806.2 Cr, while total income also rose 24% to ₹831.7 Cr. Total expenses grew by 16% to ₹770.4 Cr, demonstrating significant profit growth that outpaced revenue expansion for the fintech company.

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Meesho’s Q2 Report Card, Info Edge CEO Quits & More

Business

Meesho narrowed its Q2 FY27 losses by 68% as revenue grew 34%, though new ventures remain costly. Info Edge reported an 87% profit surge as CEO Hitesh Oberoi prepares to step down. Astrotalk’s FY26 profit jumped tenfold to ₹222 crore. Additionally, Cognizant is considering a stake in AI firm Sarvam, while CarTrade and Moms Home reported growth, and Firi leverages AI for beauty curation in India.

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Apple’s touchscreen MacBook Pro pushes laptop pricing to a new extreme

Startups

Apple has launched its first touchscreen MacBook Pro, with prices starting at $2,899 and reaching $14,549 for fully upgraded models. These high-end versions feature the M5 Max chip, up to 128GB of memory, and 16TB of storage. This release marks a major design shift for the company. Preorders for the new laptops begin on October 30, with official availability starting on November 6.

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Google expands AI Search ads globally as core ad growth slows

Startups

Google is expanding AI-powered Search ads to international markets, aiming to boost revenue as core search advertising growth decelerates. Announced during Alphabet's Q3 earnings, the company reported $127.6 billion in revenue, with Search ad growth at 12%. Early results show AI Mode ads have comparable click-through rates. AI features are driving longer, more complex user queries and increased Search engagement, signaling new monetization opportunities for the tech giant.

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Microsoft hits 10 quarters of record- breaking revenue in a row

Startups

Microsoft reported record quarterly revenue of $92.3 billion, a 19% increase, with net income rising 32% to $36.6 billion. Growth was primarily driven by Microsoft Cloud, which earned $63.9 billion, including $33.2 billion from Azure and $10 billion from OpenAI. While Devices and Consumer revenue declined 3%, future commitments rose 73% to $677 billion. To support this growth, capital expenditures reached a record $45.2 billion.

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Wiz’s CTO on PHP2Shell and the coming ‘vulnpocalypse’

Startups

Two critical PHP bugs, affecting 70% of websites, caused widespread scrambling and site outages for patching. Researchers warn this is just the beginning, as AI rapidly uncovers and exploits new vulnerabilities. A podcast discussed the urgent fix efforts, how startups can build secure systems, and the unsustainability of manual patching in an evolving threat landscape.

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AI execs may be too out of touch to build for the general public

Startups

Former Yahoo CEO Marissa Mayer is facing backlash for using her AI app, Dazzle, to describe her daughter and manage family tasks. This trend extends to other tech leaders like Sam Altman and Mark Zuckerberg, who envision AI fulfilling emotional and social needs. While these executives prioritize efficiency, a Pew Research study indicates that half of U.S. adults fear AI will hinder the formation of meaningful human relationships.

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South Korea’s financial industry hit by fresh wave of cyberattacks

Startups

South Korean financial institutions, including Daishin Securities, Mirae Asset, and crypto exchange Bithumb, suffered new cyberattacks. Daishin exposed personal data of nearly 38,500 customers. These incidents, potentially linked to AI-driven hacking, follow previous breaches, prompting South Korea's regulator to demand stronger cybersecurity and plan private sector checks. The attacks highlight growing regional vulnerabilities, with Japan also reporting recent incidents.

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