Why Walmart would rather keep Flipkart private, for now

Over the past few weeks, much has been written about former employees of the online commerce company writing to Walmart's board, asking for liquidity on the stock options they were granted 10 to 15 years ago. On October 1, at least eight former senior executives, among them former Myntra CEO Mukesh Bansal and former chief business officer Ankit Nagori, wrote to Walmart chairman Gregory Penner, other board members and Flipkart Group CEO Kalyan Krishnamurthy, seeking a complete exit for all former employees holding vested options.

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VerSe valuation sinks; Paytm Q2 profit rises

Happy Tuesday! Dailyhunt parent VerSe Innovation’s valuation has taken a sharp hit. This and more in today’s ETtech Morning Dispatch.

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Talent, compute and R&D key to India's AI ambitions: Report

India will need to strengthen its talent pool, research and development (R&D) capabilities, computing infrastructure and data systems to translate advances in artificial intelligence (AI) and other emerging technologies into economic and social benefits, according to a report by KPMG.

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Unacademy founders plan AI fund; Flipkart’s premium push

Happy Monday! Unacademy’s founders are raising a fund focused on AI and deeptech. This and more in today’s ETtech Morning Dispatch.

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Amazon cloud capacity sold out through 2027, CEO Jassy says

Amazon CEO Andy Jassy said on Friday that Amazon Web Services' cloud computing capacity is largely sold out through 2027, with significant commitments extending into 2028, on growing demand for AI infrastructure.

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Apple India revenue grows 32% to cross Rs 1 lakh crore mark in FY26

"Apple India Private Limited provides and markets Apple brand products and software, and reported its revenues for the financial year 2025-26 at Rs 1,04,607 crore, a 32 per cent jump since the last financial year," Tofler said.

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Swiggy narrows loss in Q2; eMudhra cofounder on what went wrong

Happy Friday! Swiggy reported a rise in revenue in Q2 FY27 while cutting its losses. This and more in today’s ETtech Morning Dispatch.

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Swiggy CEO Sriharsha Majety says rival Blinkit has the stronger flywheel, aims to fix basics before expanding

He said Swiggy’s priority is a stable business with “the clearest line of sight to Ebitda zero,” and that it would not use its cash reserves to open new fronts simply because the money is available. “I think our first job is to build a stable, resilient business that has the clearest line of sight to EBITDA zero. The optionalities come after that,” he said on the call following the announcement of the company's September quarter results.

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Meta ordered to pay New Mexico $25 billion after jury finds it deceived Facebook users about privacy

Jurors in September found Meta liable for over 43 million violations of New Mexico consumer protection laws when a political consulting firm, Cambridge Analytica, harvested Facebook user data to generate targeted political ads for the 2016 election.

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Explained: What is PHP and why did it take government websites offline?

The developers of PHP said on Wednesday they would release patches for two critical vulnerabilities, and EU cybersecurity officials warned organisations unable to apply the fixes to take affected websites offline. Here is what you need to know:

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Anthropic recorded net loss of over $80 billion in first half of this year

AI startup Anthropic recorded a net loss of more than $80 billion in the first half of this year, the Wall Street Journal reported on Tuesday.

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