UpGrad to acquire Unacademy at lower Rs 2,000 crore valuation

Upskilling platform UpGrad is set to acquire Unacademy in an all-stock deal valued at ₹2,055 crore, significantly below Unacademy's peak valuation. Unacademy will bring substantial cash reserves to the deal, which is awaiting Competition Commission of India approval. This consolidation marks a significant move in India's edtech sector amidst a post-pandemic slump.

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Galaxeye eyes 8-week timeline to begin commercial data rollout; defence demand to anchor early revenues

GalaxEye is set to launch commercial sales of satellite imagery from its new Mission Drishti satellite in eight weeks. Defence and security agencies are anticipated to be the primary customers. The company's satellite combines advanced radar and multispectral sensors. This move signifies a significant step in monetizing private space technology in India, moving beyond experimental phases to scalable applications.

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Spacetech startup GalaxEye launches Mission Drishti from SpaceX

Spacetech startup GalaxEye successfully launched its first earth observation satellite, Mission Drishti, aboard a SpaceX Falcon 9. This 190-kg satellite, developed over five years, combines electro-optical and SAR sensors for all-weather, day and night imaging, aiming to deliver valuable data to clients globally.

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SIS Ltd eyes Rs 20,000 crore revenue in FY27; targets 5 lakh workforce by 2030

SIS Ltd targets Rs 20,000 crore revenue by FY27. The security and facility management firm anticipates strong growth fueled by network expansion and new labour codes. The company is also embracing AI for enhanced customer service and operational efficiency. SIS plans to increase its workforce significantly by 2030.

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Tesla made $573 million in sales from SpaceX and xAI last year

Tesla earned over $500 million from Elon Musk's companies last year. xAI, his AI startup, accounted for about $430 million. SpaceX, the rocket firm, contributed another $143 million. This business involved AI chatbots and energy storage. Tesla also saw revenue from xAI early this year.

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Meta faces US lawmaker scrutiny over removal of lawyer ads for social media addiction cases

Two US senators have written to Meta CEO Mark Zuckerberg. They criticize the company's decision to remove advertisements. These ads were from attorneys seeking clients harmed by social media platforms. The attorneys aimed to recruit plaintiffs for lawsuits. These lawsuits accuse companies like Meta of fueling a youth mental health crisis. Senators state this removal preserves a harmful business model.

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OpenAI to augment workers, not replace them: CEO Sam Altman

OpenAI CEO Sam Altman believes AI will make people busier, not replace them, despite acknowledging significant labor market disruption. He stated the company aims to build tools that augment human capabilities, not replace them. Altman's comments align with OpenAI's plans to nearly double its workforce and its guiding principles for artificial general intelligence development.

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Musk testifies he did not read 'fine print' about OpenAI becoming for-profit company

Elon Musk is in court battling Sam Altman's lawyer over his lawsuit against OpenAI. Musk claims the AI company abandoned its nonprofit mission for profit. He seeks massive damages and a return to its original structure. OpenAI argues Musk is motivated by control and bitterness. The trial is ongoing and could shape AI's future.

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Meta sees daily active users decline by 20 million across FB, Instagram and WhatsApp: Here's why

Meta Platforms experienced a slight decline of 20 million daily active users across its social media platforms in Q1 CY 2026, marking a break in its growth streak. While external factors were cited, the dip may signal user saturation or dissatisfaction as the company heavily invests in AI and infrastructure.

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EV founders say PLI Auto needs an overhaul, leaves startup at a disadvantage

Electric vehicle startups are pushing back against the current production-linked incentive (PLI) scheme for automobiles, arguing its stringent eligibility criteria favor established players. EV-first companies, despite leading in technology and localization, are excluded, facing a significant cost disadvantage against traditional OEMs. Founders call for reforms to align the scheme with India's evolving EV landscape.

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Amazon beats quarterly cloud growth estimates on strong AI demand; AWS revenue jumps 28%

Amazon Web Services (AWS) surpassed Wall Street's cloud revenue expectations, driven by increased enterprise spending on AI adoption. Despite strong cloud performance and significant AI partnerships, the company's stock dipped after projecting current-quarter operating income below estimates. Amazon is investing heavily in AI infrastructure, aiming to monetize these expenditures in the coming years.

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