No governance issue with shareholder resolution, will hold revote soon: Swiggy group CEO Sriharsha Majety

The resolution sought to amend Swiggy’s articles of association as part of a broader push to become an Indian Owned and Controlled Company (IOCC). It failed to secure the required 75% supermajority from shareholders, falling short by a slim margin at the meeting on May 21. Becoming an IOCC will allow Swiggy to operate its quick commerce business on an inventory model. Currently, in accordance with the foreign investment rules, it runs as a marketplace of sellers.

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Anthropic strengthens India team, appoints Sangeeta Bavi to lead startups

Announcing the move in a post on LinkedIn, Bavi pointed to her long ties with the founder community. "Founders have always held a special place in (my heart)," she wrote. "Their ambition, resilience and belief that they can change the world have taught me more than any other form of learning. That’s why joining Anthropic as Head of Digital Natives, Startups & Growth, India feels deeply meaningful."

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Rising AI adoption to drive $23 billion into India's data centres by 2030: Report

India’s data centre capacity is set to grow at a 26% CAGR over the next five years, according to a report. It highlighted that AI-led infrastructure demand alongwith rising cloud and digital adoption is expected to nearly triple India’s built data centre capacity from 1.6 GW in 2025 to 5 GW by 2030.

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Peak XV, Activate in talks to invest in Silicon Valley AI dictation startup Wispr Flow

Founded by Stanford graduates Tanay Kothari and Sahaj Garg, Wispr Flow develops a voice dictation tool that allows users to speak into apps and workflows instead of typing. The latest funding is likely to nearly triple its valuation to $2 billion, per people in the know.

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Aequs FY26 revenue rises 33% on aerospace, consumer business growth

For the March quarter, revenue from operations rose 47% year-on-year to Rs 367 crore, aided by growth in the aerospace business. The company posted a net loss of Rs 54.1 crore for the quarter.

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VCs eye deeptech fund launches to leverage RDI capital

Sector-agnostic VC firms Kalaari Capital and Blue Ashva Capital are among those exploring new deeptech-focussed vehicles amid rising investor appetite around areas such as spacetech, semiconductors, robotics and energy transition, people aware of the matter told ET.

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Udaan in talks to raise $50-60 million from existing backers Lightspeed, M&G: sources

The Bengaluru-based company had closed a $114 million funding round last June led by the two investors. The new round is being negotiated at a flat valuation of $1.8 billion and could be Udaan’s last private capital raise before it targets an initial public offering (IPO).

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Hotels strive to be found as AI models conduct travel search

With people increasingly adopting AI to help plan their vacations, hotels are working to make sure that you check them out -- and check in. "What a hotel needs to do to get well referenced by search engines is not the same thing that they need to do to get referenced by artificial intelligence," said Johanna Benesty at BCG. Moreover, not all AI models "work in the same way," she added.

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China's DeepSeek to make permanent 75% price cut on flagship V4‑Pro AI model

DeepSeek ⁠did ⁠not disclose whether the permanent price cut was due ​to increased supply of Huawei's Ascend 950 chips, which it ​used to maximize V4's performance.

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Anthropic AI model finds over 10,000 critical bugs across open-source software projects

The AI startup said around 50 carefully selected partners, including technology firms and research organisations, were given limited access to the model over recent weeks. Mythos Preview was used to scan more than 1,000 open-source software projects during the trial.

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Microsoft veteran Yusuf Mehdi to exit after 35 years

After 35 years at Microsoft, consumer chief marketing officer Yusuf Mehdi announced his departure, planning to leave in June 2027. Mehdi, a key figure in product launches from Windows 95 to Copilot Plus PCs, will focus on Windows, Microsoft 365, and the One Copilot vision during his remaining time.

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