Festive spending drives record UPI transactions in October

Festive spending pushed UPI transactions to a record 25.47 billion in October, up 23% year-on-year, while transaction value rose 16% to a record ₹31.53 lakh crore, according to NPCI data. Average daily transaction value crossed ₹1 lakh crore for the first time, driven by festive shopping, dining and online sales.

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OpenAI cuts funding target by $10 billion: FT

AI startup OpenAI has slashed the target for its latest funding round by $10 billion and is now seeking to raise $20 billion at a $1.25 trillion valuation, the Financial Times

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Bitcoin, cryptocurrency prices fall after Binance reports security issue

Cryptocurrency prices fell on Friday after Binance reported a potential security issue and said more than $2.5 billion in assets had been frozen. Bitcoin dropped to a six

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Rising tech costs drive EMI sales; Shadowfax Q2 profit soars

Happy Friday! Shoppers are turning to EMIs as electronics prices rise. This and more in today’s ETtech Morning Dispatch.

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Meesho Q2 loss narrows; Info Edge names Sanjeev Bikhchandani CEO

Happy Thursday! Meesho’s losses shrunk as revenue grew in the second quarter of FY27. This and more in today’s ETtech Morning Dispatch.

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Anthropic tells California governor courts should be able to block risky AI models

Anthropic itself has faced government restrictions on its AI systems. The Trump administration in June ordered Anthropic to immediately restrict foreign access to its cyber-capable Mythos 5 and Fable 5 models, citing national security concerns. The US Commerce Department later lifted the order.

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US agency is again probing if Polymarket broke 2022 settlement, sources says

A US regulator is investigating whether prediction market operator Polymarket violated a 2022 enforcement deal in which it promised to ban US users from its main overseas platform, reviving an inquiry the agency shuttered last year without bringing

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Cognizant eyes Sarvam stake; Ather aims for higher market share

Happy Wednesday! Cognizant has held discussions to invest in homegrown AI startup Sarvam. This and more in today’s ETtech Morning Dispatch.

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Snabbit's Aayush Agarwal on the $100B Home Services Opportunity | The Brand Equity Show

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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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