Defence tech startup Unmannd raises $2 million in round led by Speciale Invest, Accel

The funds will be used to speed up the commercialisation of Unmannd’s aerial logistics platform Titan, take the interceptor system Fury from PoC to market, explore export markets, and scale the engineering team.

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SaaS startup PostHog raises $75 million at $1.4 billion valuation, turns unicorn

Founded in 2020 by Hawkins and Tim Glaser, PostHog has built an integrated "customer infrastructure" platform, which combines analytics, feature flags, session replay, data warehousing, error tracking, and AI-powered automation tools. The startup enables businesses to capture detailed customer interactions and automate business logic like emails or support responses through a single platform.

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Perplexity’s Aravind Srinivas lauds Zoho’s Arattai for rapid user spike

Zoho-owned Arattai recently saw a significant increase in user traffic after endorsements from senior government officials in line with the rising preference for homegrown applications. Vembu reported that the app's traffic grew by 100 times within just three days. New sign-ups dramatically increased from 3,000 to 350,000 per day during this period.

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Flipkart group companies cut FY25 losses as Myntra stays on profit track

Under pressure to rein in losses ahead of a planned initial public offering (IPO) in 2026, Flipkart has managed to trim red ink across most of its group companies in FY25 by tightening costs. But with online retail growth slowing, revenue gains were modest.

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Kapiva raises $60 million funding led by 360 ONE Asset and Vertex Growth

Kapiva’s key categories include products for diabetes, energy, sports, nutrition, liver and heart. These products are sold through its own direct-to-consumer website, marketplace and offline stores. Currently, the brand has presence in over 40,000 offline stores, which is its fastest growing channel, and aims to get to 1 lakh offline stores within a year.

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WeWork India to float Rs 3,000-crore IPO on Oct 3

Co-working major WeWork India will launch its IPO on October 3. The issue size is estimated at Rs 3,000 crore. Bidding for anchor investors opens on October 1. The offering is entirely an Offer for Sale. Embassy Buildcon and WeWork Global will offload shares. WeWork India itself will not receive any proceeds.

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Anthropic follows in OpenAI's footsteps for India foray

AI major Anthropic is expanding its global footprint, including hiring a country lead for India, as it triples its international workforce. This move comes amidst rival OpenAI's plans to open an office in New Delhi by year-end, highlighting India's growing importance as a key AI market. Meanwhile, India is also fostering its own homegrown AI development.

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Real money gaming ban to unlock growth for ill monetised non-RMG titles: Report

India's gaming sector shifts focus to non-real money gaming. A new law banned real money gaming. Lightbox reports India has 420 million players. Non-RMG earns revenue from in-app purchases and advertising. Gamers spend on battle passes and cosmetics. Regional language content is popular. This change positions India for new revenue models.

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Data breach exposes 2.73 lakh bank records

An unsecured cloud server exposed hundreds of thousands of bank transfer records, revealing names, bank account details, and contact information. Cybersecurity firm UpGuard found over 2.73 lakh files on the Amazon server on August 26, each showing unmasked account numbers, transaction amounts, and in many cases, personal contact details.

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Anthropic to triple international workforce as AI models drive growth outside US

Nearly 80% of consumer usage for Claude comes from outside the United States, with per-person usage in countries like South Korea, Australia and Singapore outpacing that of America, the company said.

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Amazon loses VP helping lead development of artificial general intelligence

Ramakrishnan worked on the first iteration of Amazon's Alexa voice assistant and the associated Echo devices. He began his career at Netscape before moving to Tellme Networks, which was acquired by Microsoft, according to his LinkedIn profile.

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Supply chain diversification shields Indian EMS firms from US tariffs

Indian EMS firms are diversifying supply chains and expanding globally to mitigate risks from US tariffs. Syrma SGS reports limited short-term impact but may explore Mexico or West Asia if tariffs persist.

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Govt proposes tweaks to foreign investment rules for exports in possible win for Amazon

India is considering easing foreign investment rules to let ecommerce firms like Amazon buy directly from Indian sellers for exports. The draft DGFT proposal introduces a third-party export entity to handle compliance. The move, amid trade deal talks with the US, faces opposition from small retailers fearing unfair competition.

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Google, Flo Health to pay $56 million in period-tracking app privacy case

Google and Flo Health agreed to a $56 million settlement over allegations they shared sensitive menstrual and pregnancy data from Flo app users for targeted ads, violating privacy promises. Google will pay $48 million, Flo $8 million.

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Karnataka HC rejects X's challenge of govt's Sahyog portal

The court also rejected the company’s demand to declare that Section 79(3)(b) of the IT Act does not authorise the government to issue information blocking orders to intermediaries, or platforms like X.

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Skills gap forces chip cos to seek global training & talent rotation

India’s semiconductor drive is slowed by a shortage of chip design and factory talent. Firms are addressing this through overseas training, global recruitment, and partnerships with local institutes. Cross-border knowledge transfer and industry-led skilling are seen as essential to closing capability gaps and sustaining the country’s semiconductor ambitions.

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Zerodha Fund House hits Rs 8,000 crore AUM: Nithin Kamath

The fund house serves over seven lakh investors across more than 16,000 pincodes, according to its website. Earlier this January, it had reported an AUM of Rs 4,287 crore, with over four lakh unique investors.

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Kedaara Capital invests $240 million in Axtria

Structured as a combination of secondary investment and company-sponsored buyback, it provides liquidity to Axtria’s current and former employees, it said. Founded in 2010, Axtria enables AI-led solutions that help life sciences organizations globally, across the commercial and clinical spectrum.

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Union Minister Ashwini Vaishnaw moves to Zoho software in swadeshi bid

Zoho Sheet, a product by the SaaS major, offers AI-powered tools through its assistant Zia to analyse data effectively, with nearly 40 different chart types. Reposting Union Minister Vaishnaw’s post, its former chief executive Sridhar Vembu said this would inspire the team and validate their long-term efforts.

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Oracle will manage TikTok's algorithm for US users under Trump administration deal

Determining next steps for the algorithm, currently owned by the Beijing-based ByteDance, has been one of the most closely watched issues during negotiations over TikTok's future.

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IT facing $150-550 million in immigration bill

India’s top IT firms face an extra $150-$550 million in H-1B visa fees due to a sharp hike in immigration fees. This will raise delivery costs in the US, where they earn up to 85% of their revenue. Offshoring work may rise, but onsite specialised roles will cost much more to sponsor.

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Tech talent ‘wapsi’ may boost India’s AI, SaaS, deep-tech

The US $100,000 H-1B visa fee could encourage Indian talent to return home, boosting India’s startup scene, especially in AI and deeptech. Founders expect many US-based graduates and professionals to build careers in India, seeing this as a key chance for the local tech ecosystem to grow rapidly.

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Rising paywall may push more US jobs to Indian shores

The steep H-1B visa costs, seen as a clampdown on the entry of skilled foreign workers into the US, could add costs and margin pressures but accelerate the offshoring momentum. Companies have been preparing for such protectionist policies over the past few years and reducing their reliance on H-1B visas significantly, said industry executives.

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Emerging TikTok deal with China ensures US control of board and crucial algorithm, White House says

Congress passed legislation calling for a TikTok ban to go into effect in January, but President Donald Trump has repeatedly signed orders that have allowed TikTok to keep operating in the United States as his administration tries to reach agreement for ByteDance to sell its US operations.

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Renesas tapes out 3 nm chips designed in India; sample chips with partners

Renesas Electronics has taped out—and is now sampling—3 nm (nanometre) chips designed by its Noida and Bengaluru teams for automotive applications. The sample chips are already being provided to partners, while a commercial launch date is not committed yet, Malini Narayanamoorthi, India country manager and VP of Renesas, told ET.

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xAI raises $10 billion at $200 billion valuation: Report

Elon Musk's AI firm xAI has raised $10 billion at a $200 billion valuation, CNBC reported on Friday, citing sources.

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Ola, Uber, Rapido asked to follow base fare of black-&-yellow taxis in Mumbai

In a letter dated September 16, the Mumbai Metropolitan Region Transport Authority (MMRTA) said the existing fare of black-and- yellow taxis is Rs 20.66 per km for non-AC vehicles and Rs 22.72 per km for AC vehicles.

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Microsoft boosts Wisconsin data center spending to $7 billion

Microsoft said the initial data center remains on track to open next year and will employ about 500 people at its peak, expanding to about 800 once the second data center is complete.

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ET Explainer: AR glasses privacy risks in view on big comeback

Reliance Jio, Meta, and Amazon are bringing AI-powered AR glasses to India, reviving privacy and surveillance debates reminiscent of Google Glass. While laws like the DPDP Act remain ambiguous, risks of worker surveillance and unchecked data use loom large.

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Nvidia CEO Huang caught between US, China's 'larger agendas'

Nvidia faces mounting pressure as China’s regulator orders firms to halt AI chip purchases, escalating US-China trade tensions. CEO Jensen Huang called the dispute part of “larger agendas” between nations. Despite a Trump-brokered H20 chip deal, restrictions threaten Nvidia’s 13% China sales share.

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Edtech firm Educational Initiatives acquires Open Door Education for undisclosed amount

Educational Initiatives (Ei), which has built tools to measure and improve learning outcomes of students through Ei ASSET, Ei Mindspark, and Ei CARES, operates on a B2B model and has about 1,000 schools on its network. Besides India, Ei has operations in the UAE, South Africa, Qatar, and Kuwait.

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Trump extends delay on US TikTok ban until mid-December

US President Donald Trump on Tuesday extended a delay on enforcing a ban against TikTok until December 16, marking the fourth postponement of a law designed to force the app's sale from its Chinese owner. Under the order, the US Justice Department is prohibited from taking enforcement action not only during the extended period, but also retroactively for any conduct that occurred since the ban was originally to come into force, on January 19, 2025 -- the day before Trump's inauguration.

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New US-China TikTok agreement similar to terms agreed this spring, sources say

The deal in April would have spun off TikTok's US operations into a new company based in the US and majority-owned and operated by US investors. The terms earlier this year had been approved by existing investors, new investors, ByteDance and the US government, a source said at that time.

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Applied Materials looks to link up with Semicon Mission companies

Applied Materials is engaging with newly approved semiconductor firms in India to supply equipment, services, and software. The company also eyes opportunities at Mohali’s Semi-Conductor Lab modernisation and Tata’s Dholera fab.

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CCI has not identified any conduct by Meta that denied market access to rivals, Meta tells NCLAT

Senior Advocate Amit Sibal, appearing for Meta, submitted that the Competition Commission of India (CCI )'s entire case is based on future conduct and hypothetical scenarios.

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Semiconductor, AI infra to get big chunk of new tech fund

The IDTA was launched on September 2, at Semicon India 2025, to mobilise private capital and expertise for deep tech companies in India and foster US-India collaboration in sectors such as semiconductors, artificial intelligence (AI) and space. Founded by venture capital and private equity firms from both countries, it aims to spur investment with an initial capital commitment of $1 billion.

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IT hiring takes a back seat in tariff rollercoaster ride

IT services companies have cut their overall hiring projections for July-December to 1-3% from 3-5% earlier, data from mass staffing firm Teamlease showed. The industry is short by nearly 150,000 hires compared to start-of-year projections. Recruitment agencies said hiring demand for software engineers has contracted sharply, with growth confined to emerging technology roles.

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Tata Technologies acquires Germany-based ES-Tec Group for €75 million

Founded in 2006 and headquartered in Wolfsburg, Germany, ES-Tec Group is a premium automotive engineering services provider with deep domain expertise in Driver Assistance Systems (ADAS), Connected Driving, and Digital Engineering, the statement said.

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ETtech Explainer: Is Google’s Nano Banana AI better than OpenAI’s Sora, Adobe’s Firefly, others?

​Nano Banana is an image generation and editing model built into the Gemini app. Nano Banana enters a crowded field of generative AI tools. OpenAI’s Sora, launched in December 2024, can generate up to 60-second videos from text prompts — a longer duration than rivals such as Runway and Pika Labs, which cap at four seconds.

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Nepal social media ban lifted: Bitchat, Discord, TikTok see surge in use

During Nepal’s Gen Z protests, social media apps played a central role despite a nationwide ban. TikTok amplified anger through #NepoKids, Bitchat enabled offline coordination, and Discord hosted political debates among 145,000 users. After violent unrest and PM Oli’s resignation, Nepal lifted restrictions on 26 platforms.

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What Oracle didn’t foresee? Techies’ millions in a moment

Founder Larry Ellison was not alone in shoring up his wealth with Oracle shares' surge. Executives in 20s hit millionaire status thanks to RSUs. In India too, units worth lakhs now cross crore valuations

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How startups are fuelling the rise of financial enthusiasts as mutual fund distributors

Finance enthusiasts are increasingly becoming mutual fund distributors, drawn by the growing individual investor base and assets under management. Despite revenue challenges, technology platforms are aiding these distributors, enhancing their client services and competitiveness. Regulatory changes and market growth are creating significant opportunities, driving expansion into smaller towns and cities.

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Wikipedia will not appeal dismissal of its UK Online Safety Act challenge

The US government has criticised Britain's new online law, along with a similar policy in the European Union, and President Donald Trump could bring it up in reference to his concerns around free speech during his state visit next week.

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Centre receives 150 proposals worth 19,000 crore under ECMS

Many applicants belong to the target product segment of electro-mechanicals for electronic applications segment, for which the minimum revenue stipulated for applicants under the scheme is Rs 50 crore.

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Infosys announces its biggest-ever share buyback of Rs 18,000 crore at 19% premium

Infosys declared a buyback of shares worth Rupees eighteen thousand crore. This is the largest buyback since the company's listing. The company will buy shares at Rupees eighteen hundred apiece. This is nineteen percent higher than the current market price. The buyback aims to improve financial metrics and offer tax-efficient returns to shareholders.

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Klarna shares rise 15% in their first day of trading on Wall Street

Swedish buy now, pay later firm Klarna made a strong NYSE debut, with shares jumping nearly 15%. Opening at $52, a 30% premium, the stock closed at $45.82. The IPO, raising $1.37 billion, is the year's largest. Klarna, founded in 2005, aims to challenge credit cards, offering 'pay-in-4' plans. CEO Sebastian Siemiatkowski eyes U.S. growth.

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BacAlt Biosciences raises Rs 18 crore in round led by Avaana Capital; startup valued at $8 million

Lubrizol InnoVentures, the innovation arm of global speciality chemicals provider Lubrizol, participated in the round. The funds will be used to scale the firm’s R&D processes, build pilot production facilities, expand its team, and develop go-to-market strategies.

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AI infrastructure company Nebius to raise $3 billion to fuel growth

The financing includes a $2 billion private offering of convertible senior notes and a $1 billion underwritten public offering of the company's class A shares. Nebius said it will use the cash to finance continuing growth, including the acquisition of additional compute power and hardware, securing land plots with reliable providers and expanding its data center footprint.

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Apple launches slimmer iPhone Air, new iPhone 17

Apple unveiled the new iPhone Air and iPhone 17 at its annual event. The iPhone Air boasts a durable design and high-density battery. The iPhone 17 features a brighter screen and A19 processor. New AirPods Pro 3 offer live translation. A blood pressure monitor is coming to the Apple Watch. Prices for existing models remain unchanged.

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Apple shows new AirPods Pro with live translation, blood pressure monitor in latest Apple Watch

Apple unveiled the AirPods Pro 3 with live translation and a blood pressure monitor for the Apple Watch, pending regulatory approval. A slimmer iPhone "Air" model is anticipated, potentially leading to a foldable phone to compete with Samsung, especially in the Chinese market. The event occurs amid tariff concerns, with analysts watching for potential iPhone price adjustments.

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AI could make the smartphone passe. What comes next?

Tech giants are envisioning a future beyond smartphones, where AI assistants become central to personal computing. Predictions include smart glasses providing real-time information, ambient computers seamlessly integrated into homes, reimagined smartwatches automating tasks, and wearable recorders enhancing memory. These devices aim to augment human capabilities and offer hands-free assistance throughout the day.

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Whistleblower sues Meta over claims of WhatsApp security flaws

Attaullah Baig, ex-security head of WhatsApp, alleged that Meta ignored critical security flaws, putting billions of users at risk. Baig claims Mark Zuckerberg was warned about the weaknesses that allowed thousands of employees to access sensitive data. Meta retaliated and fired him, he says.

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UPI spends on gaming drop 26% in August after real-money ban

UPI payments for digital goods dipped in August after a blanket ban on real-money gaming. Many companies had to shut down such services, which accounted for a substantial portion of their revenues. UPI transactions in other categories, like groceries and debt collection, remained strong. Overall, transaction volumes increased, but the total value slightly decreased compared to July.

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Govt to fast-track next round of India Semiconductor Mission

The Indian government is set to roll out India Semiconductor Mission (ISM 2.0), expanding support across the semiconductor value chain, with a cabinet note expected by October-end. Industry seeks $20 billion outlay. New incentives will support fabs, packaging, design, MSMEs and supply chains, following feedback at Semicon 2025 and near-exhaustion of ISM 1.0 funds.

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AI-powered meet-up apps fight loneliness

AI-driven social apps like 222 and Kndrd aim to combat loneliness by fostering real-world connections through curated dinners, events, and activity meetups. Unlike swipe-based dating platforms, they emphasise shared values and long-term relationships.

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IT Inc worries as US may slap tariffs on software exports

India's IT sector faces potential US tariffs on software exports, threatening its largest market and impacting firms already struggling with global uncertainty and AI-driven automation. The proposed tariffs could lead to double taxation and increased costs due to visa restrictions, potentially harming the growth of India-based service providers and GCCs, while raising delivery costs.

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Trump threatens EU tariffs for 'unfair' Google ruling

President Trump has expressed strong disapproval of the European Union's hefty $3.46 billion fine imposed on Google due to antitrust issues. In response, Trump threatened to initiate a Section 301 investigation into the EU's trade practices. He vowed to protect American ingenuity and counteract what he perceives as unfair penalties against U.S. companies.

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US attorneys general warn OpenAI, rivals to improve chatbot safety

California and Delaware's attorneys general have expressed serious safety concerns to OpenAI regarding ChatGPT, especially its impact on children and teens, following reports of dangerous interactions and tragic deaths. They are reviewing OpenAI's restructuring plans to ensure rigorous oversight of its safety mission.

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Analysts expect festive online sales to grow 30% after GST relief

Amazon India will start its Great Indian Festival on September 23. This follows the GST Council's rate cuts on footwear, apparel and other items. Analysts expect the tax revision to boost demand during the festive season. Electronics and appliance sales may grow significantly. Ecommerce platforms and retailers are expected to ship goods worth Rs 1.2 lakh crore.

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Microsoft set to dodge EU fine with offer to unbundle teams

Microsoft will avoid a major EU antitrust fine after regulators accepted its offer to unbundle Teams from Office packages. The move, prompted by Slack’s 2019 complaint, follows no objections in a market test.

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Law to regulate online gaming brought without heeding to any pressure: PM Modi

In an interaction with national awardee teachers, the prime minister said there are huge job opportunities in online gaming market and urged teachers to sensitise students about opportunities in the sector which can be tapped.

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AI-crafted Durga idols in UP's Gorakhpur draw global demand

Depending on size and ornamentation, the idols are priced between Rs 10,000 and Rs 2 lakh. More than 20 artisans are working round-the-clock at the Gorakhnath temple to craft idols using AI.

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How Elon Musk is remaking Grok in his image

Elon Musk’s xAI chatbot Grok, promoted as neutral and truth-seeking, has been repeatedly tweaked to align more with Musk’s conservative priorities. Analyses show Grok’s answers often shifted rightward on government and economy, though left-leaning on social issues.

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Battery tech startup Offgrid Energy Labs raises $15 million in round led by Archean Chemical Industries

Existing investor Ankur Capital participated in the round. The Noida-based startup will use the fresh funds to set up a pilot manufacturing facility in the UK, expand its R&D capabilities, and commercialise its zincgel batteries. The company, which is working to help reduce dependence on lithium-ion storage solutions through zinc-bromine gel batteries for the stationary storage market, has raised a total of $12 million to date.

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Trump’s Tariff regime has created deep uncertainty for chip industry: Infineon

CS Chua, president and MD of German chipmaker Infineon Technologies Asia Pacific, said that the escalating trade tensions under US President Donald Trump’s tariff regime have created deep uncertainty for the global semiconductor industry. In an interview with ET, he said that long-term growth trajectory for semiconductors is robust, policy instability has left manufacturers reluctant to make sudden structural changes.

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