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Business / The Economic Times

Quick commerce 2.0, and other top tech & startup stories this week

Quick commerce, the buzziest sector in the consumer internet industry, is undergoing a significant transformation. We at ETtech have been tracking the sector super closely and bringing the biggest and most impactful stories to you, first.

18 May 2024 7:00 am
Serum Partners US company to advance needle-free injection technology

SII said, in a statement on Friday that the partnership with IntegriMedical aligns with its vision of 'Health for All' and IntegriMedical's mission to 'transform healthcare globally' by providing patient comfort, ensuring increased patient compliance, reducing needle-stick injuries, and enhancing the efficacy of liquid medication via needle-free dispersion.

18 May 2024 12:27 am
Who was richest man ever lived in this world? Know about technology that revealed king who ruled 3,000 years ago

The face of the richest man in ancient history, based in Egypt, who was thought of and worshipped as God 3,400 years ago has been revealed using advanced tech, claim reports.

17 May 2024 9:57 pm
ETtech Deals Digest: Startup funding falls 34% on year to $118 million this week

In terms of volume, total deals during the week stood at 18, compared to 32 a year ago, and 16 in the second week of May 2024. Sequentially, deal value went up about 3.3X from $35.2 million to $117.6 million.

17 May 2024 9:25 pm
IEIC, NIMHANS & GoIs consumer affairs dept partner for study on tech de-addiction

The findings will inform evidence-based policy decisions, emphasizing the establishment of guardrails and the development of effective coping mechanisms to safeguard consumers, the IEIC said in a press statement.

17 May 2024 6:35 pm
F&O stocks: M&M, Dixon Technologies among 5 stocks with long buildup

A long buildup is formed when a stock price moves up and also the open interest on a counter. The signal is more dependable when the volume on a counter also sees an increase.

17 May 2024 2:42 pm
ICICI Direct trading platform hit by technical glitch

ICICI Direct, India's fifth largest broker, faced a technical glitch, affecting traders' access. Initially, a maintenance message appeared, delaying trading. The platform resumed around 10:20 am. Technical issues have plagued brokers like Groww and Zerodha recently.

17 May 2024 10:45 am
Lack of AI is reducing Indian software stocks heft as tech bets

Unlike counterparts in the developed world and China, Indian software makers including leader Tata Consultancy Services Ltd. have yet to make significant advances in generative AI. That combined with a still cloudy outlook for client spending may soon leave them looking like the tech bets of yesterday.

17 May 2024 8:49 am
Big movers on D-Street: What should investors do with Tata Technologies, Apollo Tyres and Vodafone Idea?

Stocks that were in focus include names like Tata Technologies, which closed flat, Apollo Tyres, which jumped 3.14%, and Vodafone Idea, whose shares fell 0.76% on Thursday.

17 May 2024 7:57 am
Stocks in news: Vodafone Idea, Biocon, PB Fintech, ZEEL, JSW Steel

Shares of ZEEL, JSW Steel, Godrej Industries, Glaxo and Sobha will be in focus as the companies will announce their quarterly results.

17 May 2024 6:16 am
Mizuho is in talks to buy KKRs part stake in fintech company InCred

According to latest discussions, global investment firm KKR may sell around 10% stake in Mumbai-based tech-driven NBFC InCred but this may change depending on how the talks progress, sources told ET.

17 May 2024 6:01 am
PB Fintech's Dahiya, Bansal likely to sell stakes worth Rs 1,053 crore

Dahiya plans to sell up to 54 lakh shares, while Alok Bansal intends to sell up to 29.70 lakh shares, valuing the deal at about 1,053 crore at the floor price.

17 May 2024 5:46 am
Covaxin demonstrated excellent safety record during studies: Bharat Biotech

Bharat Biotech asserted the safety of its Covid-19 vaccine, Covaxin, citing various studies published in peer-reviewed journals. This statement followed a report in The Economic Times regarding adverse events of special interest (AESI) reported by participants in an observational study on Covaxin. The company emphasized the need for comprehensive safety data in such studies, including comparisons with non-vaccinated subjects and those receiving other vaccines.

16 May 2024 10:29 pm
Market Trading Guide: Titan, UltraTech Cement among 4 stock recommendations for Friday

In a highly volatile trade, the 30-share BSE Sensex climbed 677 points or 0.93% to settle at 73,663. The NSE Nifty surged 203 points or 0.92% to 22,403.85.

16 May 2024 8:22 pm
Tech View: Nifty forms small Hanging Man candle. What traders should do on Friday

On the call side, there are notable OI concentrations at the 22,500 and 22,900 levels, suggesting these as resistance levels to watch, with the 22,900 level approaching all-time highs.

16 May 2024 6:48 pm
Technical Breakout Stocks: How to trade Hitachi Energy India, Oberoi Realty and Bharti Airtel on Friday

Sensex, Nifty bounced back from days lows by nearly 1%. Hitachi Energy India, Oberoi Realty, Bharti Airtel were in focus on Thursday. According to an expert, Bharti Airtel seems to be consolidating in the range of 1,295-1,360 in the last few sessions.

16 May 2024 6:35 pm
PB Fintech's top executives to offload marginal stakes; floor price at Rs 1,258

Substantial portions of the proceeds from the sale will be used to make the payment of taxes on current and future ESOP exercises. ESOPs are subject to payment of taxes on exercise in addition to the payment of capital gain tax on the sale of shares. Post the sale Yashish Dahiya will continue to have a 4.83% stake and Alok Bansal will have a 1.63% stake in PB Fintech on a fully diluted basis.

16 May 2024 5:01 pm
Indian businesses brainstorm on diverse sectors including digital tech & aerospace at Choose France Summit

The 7th Choose France Summit in Paris featured a dedicated France-India roundtable where TCS announced a Global AI Center of Excellence. The event highlighted the India-France strategic partnership and the upcoming Indo-French Year of Innovation to enhance bilateral ties.

16 May 2024 2:17 pm
Former Tech Mahindra Vice Chairman Vineet Nayyar passes away at 85

Tech Mahindra's former Executive Vice Chairman, Vineet Nayyar, has passed away at the age of 85. His colleague and friend, CP Gurnani, expressed his grief on X. Nayyar served as the Vice-chairman and MD of Infrastructure Leasing & Financial Services from 2018 to 2020. Nasscom, the apex body for the Indian technology industry, expressed condolences to his family, friends, and colleagues.

16 May 2024 1:48 pm
BTech students jumps off Bengaluru private university building, fourth death in a year

A 21-year-old BTech computer science student, Carasala Rahul, alleged died by suicide at PES University by jumping from the fifth floor. He lived in Somasundarapalya with his family. The incident marks the fourth student suicide at the university within a year, prompting an investigation. Rahul did not attend a cloud computing exam and his father informed the police.

16 May 2024 1:25 pm
Yuzhan Technology lease out warehosuing space in Chennai after rise in exports of Apple iPhones in India

Yuzhan Technology, part of Taiwans Foxconn Group, leases 550,000 sq. ft. of warehousing space at ESR Industrial Park in Chennai for Apple iPhone exports. The facility supports Foxconn's scaling operations due to growing demand for Apple products manufactured in India, optimizing supply chain logistics for expanding export activity.

16 May 2024 1:06 pm
Stocks in news: M&M, Vodafone Idea, Biocon, Mankind Pharma, Dixon Tech

HDFC Life announced its highest-ever bonus of Rs 3,722 crore on participating plans. This bonus will benefit over 22.23 lakh policyholders.

16 May 2024 6:12 am
Dixon Technologies Q4 Results: Net profit rises 20% YoY to Rs 97 crore

The electronics manufacturer has over two dozen production facilities across the country. Dixon makes smartphones and feature phones for brands such as Xiaomi, Motorola, Samsung and Jio, and is in talks with other global brands for more manufacturing orders.

15 May 2024 10:19 pm
Technical Breakout Stocks: How to trade Thermax, Siemens and Adani Power on Thursday

Sensex fell over 100 points while the Nifty50 managed to hold on to 22,200 levels. Sectorally, buying was seen in the public sector, power, and capital goods stocks while banks, auto and FMCG stocks faced selling pressure.

15 May 2024 9:32 pm
How a two-page CV helped this techie land a job at Google straight after her Masters!

In a LinkedIn post, software engineer Sonakshi Pandey shared her journey of landing her dream job immediately after completing her Master's. She recounted how inspired by a YouTube video, she transitioned from software development to solution architecture at Amazon Web Services. This role entailed increased involvement in public speaking and client presentations. After accumulating five years of experience, she decided to apply to Google and Microsoft in 2021.

15 May 2024 9:00 pm
Tech View: Nifty forms high wave type candle. What traders should do on Thursday

Nifty ended 17 points lower on Wednesday and traded sideways. Thereby, it failed to show any significant directional breakout. Move above the immediate resistance of 22,300 level may make room for higher target of 22,600 level.

15 May 2024 6:23 pm
IIT Madras: More than 80% of BTech/dual degree students, 75% of masters students placed

IIT Madras achieves over 80% placement for BTech and dual degree students, 75% for masters students. 1,091 students placed in 256 companies during 2023-24 campus placements. Median salary Rs 19.6 lakh per annum, average salary Rs 22 lakh per annum. Institute encourages entrepreneurship to create more job opportunities.

15 May 2024 5:18 pm
Dixon Technologies Q4 results: PAT rises 20% YoY at Rs 97 crore; revenue jumps 52%

Electronic manufacturing service provider, Dixon Technologies on Wednesday announced a 20% year-on-year (YoY) rise in PAT at Rs 97 crore for the fourth quarter of FY24 while the revenues stood at Rs 4,675 crore, surging 52% YoY.

15 May 2024 5:17 pm
ET Road Safety & Safer Mobility Forum 2024: Steering a smarter, safer, and sustainable supply chain by accelerating safety tech in logistics

The ET Road Safety & Safer Mobility Forum 2024 gears up for its third roundtable, focusing on Enhancing Safety Standards in Modern Logistics and Supply Chain. This session will put intelligent AI solutions in the spotlight, showcasing how they can revolutionise safe practices within the ever-evolving logistics landscape. By prioritising both road and fleet safety, the forum aims to create a more secure and efficient supply chain ecosystem.

15 May 2024 5:01 pm
GPT-4o set to disrupt conversational AI, edtech and call centre business

ChatGPT creator OpenAI announced the launch of GPT-4o, its newest flagship model, during a livestream on Monday. Chief technology officer Mira Murati described GPT-4o as much faster and improves capabilities across text, vision, and audio.

15 May 2024 4:52 pm
Techie reveals two key skills that landed her job in Google, Amazon, and it's not tech expertise

Sonakshi Pandey, a software engineer with experience at tech giants like Google and Amazon, shares insights on how her two-page resume helped secure roles at Google and garnered an offer from Microsoft. Her journey from introversion to confidence underscores the significance of perseverance and professional development. Notably, her blog writing and volunteering activities stood out, alongside mentorship, in shaping her career trajectory.

15 May 2024 3:26 pm
First global showcase of deeptech startups by SanchiConnect in collaboration with ThinKuvate in Singapore

Deeptech startup enablement community SanchiConnect announced its upcoming delegation to Singapore for EchelonX and fundraising program designed for community startups.

15 May 2024 2:38 pm
Coromandel International increases stake in climate-smart tech startup Ecozen

Clocking a turnover of Rs 274 crore in FY23, Ecozen aims to expand its offerings and venture into markets such as Africa and Southeast Asia in the future.

15 May 2024 10:27 am
Go Digit is on fast track by leveraging technology

Go Digit has grown business faster over the past six years. It has the lowest loss ratios among peers, which reflects high underwriting quality. In addition, a higher retention ratio and claims ratio augur well for future growth.

14 May 2024 11:50 pm
HDFC Bank says 6-7 pc of overall annual expenses are on tech

It can be noted that HDFC Bank was the first major lender to be slapped with business restrictions like a pause on issuing new credit cards and also launching new online products over two years ago.

14 May 2024 8:11 pm
Technical Breakout Stocks: How to trade Finolex Industries, M&M and HAL on Wednesday

Telecom, power, utilities and infra indices saw considerable buying on Tuesday, while healthcare and FMCG stocks saw selling pressure. Finolex Industries and Hindustan Aeronautics hit fresh record highs

14 May 2024 6:48 pm
Tech View: Nifty near hurdle zone at 22,300. What traders should do on Wednesday

Nifty rose 114 points and formed a bullish candle on the daily chart on Tuesday. The index may now find support at 21,950-22,000 and 21,700-800 levels. But, a failure to maintain levels above 22,200 might trigger selling pressure in the market.

14 May 2024 6:12 pm
China tech giant Alibaba posts modest yearly revenue growth

Chinese ecommerce giant Alibaba announced Tuesday a modest increase in annual revenue, at a time when the firm pursues a major overhaul and regulatory curbs on the country's tech sector are relaxed. Fellow internet giant Tencent posted weakened revenue growth in the first three months of this year, also on Tuesday.

14 May 2024 5:59 pm
Macrotech Developers to invest Rs 3,500-4,000 cr this fiscal to acquire land parcels

Realty firm Macrotech Developers Ltd plans to invest Rs 3,500-4,000 crore this fiscal to acquire land for housing projects and capitalize on the increasing demand for residential properties. The company aims for a 60:40 mix of owned land and joint development agreements, with a target of 10,000 apartment deliveries this year.

14 May 2024 5:52 pm