HYBRID WORK
Manu Jain’s next big play after Xiaomi: A $1.4 billion bet to help India achieve its AI ambitions
Abu Dhabi’s G42 is making a $10 billion global AI bet—with India at the centre. With Jain at the wheel, the company is combining global expertise with local insight to advance India’s AI narrative.
Top AI firms pivot to profitability track leaving price wars behind
Indian startups face scaling challenges as AI model pricing stabilizes after initial cuts by OpenAI, Anthropic, and Google. This shift limits startups' ability to invest in R&D and offer cost savings, prompting a search for external funding and efficient AI usage. Cost concerns are particularly acute for AI agents requiring high inference loads and long context windows.
RBI’s new directive to NBFCs; Oyo’s third IPO attempt
The RBI has tightened rules on default loss guarantees (DLGs), a move that is likely to hit digital lenders hard. This and more in today’s ETtech Top 5.
India’s auto market stays hot for global carmakers despite sluggish EV transition: Moody’s
Despite slow EV adoption due to infrastructure gaps, India's booming auto sector attracts global carmakers, says Moody's. Fuelled by a rising working-age population and incomes, car sales are surging. India's low car penetration and status as the third-largest market make it attractive.
Sarvam AI unveils multilingual LLM; tepid response poses questions over India’s AI chops
Sarvam AI launched Sarvam M, a 24-billion-parameter model, built on top of French AI company Mistral's model Small. The startup said the model is "built for versatility" and designed to support a wide range of applications, including conversational agents, translation and educational tools. It supports 10 Indian languages, including Hindi, Bengali, Gujarati, Kannada and Malayalam.
Prostarm Info Systems IPO opens for bidding. Should you subscribe?
Prostarm Info Systems launched its IPO, aiming to raise Rs 168 crore, with a price band of Rs 95-105 per share. The IPO, open until May 29, seeks funds for working capital, debt repayment, and expansion. Bajaj Broking suggests subscribing for the long term, citing consistent growth and a strong balance sheet, despite the IPO being fully priced.
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Tesla EU sales slump 52% in April: trade group
Tesla's European sales plummeted in April 2025, dropping by over 50% as Chinese electric car manufacturers gained significant market share. This decline occurred amidst scrutiny of Elon Musk's involvement with Donald Trump and concerns about Tesla's aging vehicle lineup. While overall electric car sales in the EU rose, Tesla was surpassed by numerous competitors, including Volkswagen and BYD.
Nifty up 13% from April’s low. How should mutual fund investors alter their investment strategy?
With Nifty 50 rising nearly 13% from April’s low to 25,001, experts advise mutual fund investors—especially those with a long-term horizon—to stay invested despite profit-booking temptations. They recommend reviewing asset allocation, rebalancing portfolios, continuing SIPs, and using staggered investments for lump-sum amounts to manage risks and capitalise on market growth.
Nifty still below peak, but why are these mutual funds at record-high NAVs?
Despite Nifty and Sensex falling nearly 5% from their 52-week highs, several hybrid mutual funds have touched record NAVs. Experts credit this to diversification and lower volatility in balanced advantage, equity savings, and aggressive hybrid funds. Dynamic asset allocation and selective stock-picking have also played a role in cushioning downside and capturing sector-specific rallies amid ongoing market volatility.
Domestic investment will see resurgence as there is disproportionately lower uncertainties in the domestic economy compared to the global markets, says CEO Sanctum Wealth
Shiv Gupta, Founder & CEO, Sanctum Wealth, is optimistic about the long-term uptrend in domestic equities but cautions investors about short-term risks. In conversation with ET Wealth’s Sameer Bhardwaj, he explains how unpredictable global factors could pose risks to investors in the near term, and this is the time investors should opt for balanced investing options
74 pc employees prioritise long-term benefits over bigger paychecks: Report
A recent report indicates a shift in employee priorities, with 74% favoring stronger long-term benefits over a slightly higher salary. The study, encompassing 1,139 employees, reveals that only 32% feel their current benefits adequately support their financial well-being. Flexible work options and performance-based incentives are also highly valued for their positive impact on financial stability.
Finance Ministry urges banks, DRTs to speed up debt recovery
The finance ministry has asked banks and debt recovery tribunals to collaborate, aiming to expedite case resolutions and enhance capital recovery. Prioritising high-value cases and utilizing alternative dispute resolution are key strategies.
Trump’s Apple tariff threat; Zepto Cafe’s roadblock
US President Donald Trump has warned Apple to produce iPhones sold in the US domestically or face consequences. This and more in today’s ETtech Top 5.
SAP new Centre of Excellence in Bengaluru with 15,000 seating capacity to be operational in August
The new Centre of Excellence should get operational in the second half of the year, may be July-August, SAP Indian Subcontinent president and managing director Manish Prasad told PTI. The greenfield 41-acre campus of SAP Labs India at Devanhalli in Bengaluru will have 15,000 more seating capacity. This is going to be the second campus of SAP in Bengaluru.
Anthropic launches Claude Opus 4: AI Model includes 7-hour memory, Amnesia fixes — Is it better than OpenAI’s GPT-4.1?
Anthropic has launched Claude Opus 4, its most powerful AI model. As per reports, Claude Opus 4 can push the boundaries of what AI can achieve with minimal human oversight, and a new era of human-machine collaboration begins to take shape.
Shah Rukh Khan to Salman Khan to Hrithik Roshan: How are Bollywood stars paid for movies? Producer on fee structure
Bollywood’s focus on star power has created a payment system where only about ten actors command extremely high fees, often reaching hundreds of crores, while supporting artists and writers are largely overlooked. Producer Anand Pandit highlighted this imbalance, pointing out that actor fees should be tied to a film’s box office success to ensure accountability. He also emphasized the need to invest more in original content and writers rather than just on stars and film aesthetics.
Strong opportunities, but India will take time to be a chip hub: MediaTek executive
MediaTek executives caution that India's ambition to become a semiconductor hub may face delays due to a scarcity of skilled workers, potentially extending the time from facility groundbreaking to mass production. While India excels in chip design, its hardware and manufacturing expertise need development, requiring significant time or attracting foreign talent.
Bangalore rain crisis leaves five dead, several without electricity or relief in Sai Layout and other areas
In Sai Layout, North Bengaluru, floodwaters linger days after record-breaking rains, leaving homes submerged and residents frustrated. Despite clear skies, drainage issues and delayed relief efforts have paralysed the locality. Ground floors remain inaccessible, electricity is cut, and many families are stuck without shelter or aid. Residents blame a years-long stalemate over a blocked railway culvert. With mounting pressure, both the Chief Minister and Deputy Chief Minister are set to visit the area, as the city braces for more rain under an extended IMD alert.
Only 7% of organisations in India ready for cyber threats: Cisco report
Cisco's report reveals a concerning lack of cybersecurity readiness in India, with only 7% of organizations adequately prepared for AI-driven threats. Despite 9 in 10 organizations facing AI-related security incidents, employee understanding remains limited. A significant skills shortage and unrestricted access to public Gen AI tools further exacerbate vulnerabilities, highlighting the urgent need for improved cybersecurity measures and investment.
Indian students abroad can now get insurance cover for visa cancellations and job loss
Indian insurance companies are now offering specialized travel policies for students abroad, addressing visa issues, job loss, and emergencies. These affordable policies provide comprehensive coverage, including accommodation and return travel, catering to the unique needs of Indian students in countries like the US, UK, and Canada. While some prefer university-recommended insurance for easier claims, a hybrid approach is gaining traction.
Honda pulls back on EV strategy for now and will push hybrid sales
Honda has revised its electric vehicle strategy. The company is reducing its investment in electrification. This decision comes as EV sales slow down in the United States. Honda will now focus more on hybrid vehicle production. The automaker aims to adapt its Ohio plant for both EV and hybrid manufacturing. Honda is still working on collaborations with Nissan and Mitsubishi.
Auto cycles, EV sparks & IT shifts: Kumar Rakesh decodes FY26's investment gears
He also highlights growing EV adoption—particularly in two-wheelers—as a key theme, supported by upcoming product launches and policy incentives.
Working professionals flock to IIT, IIM upskilling courses for career growth
Online upskilling courses from IITs and IIMs are gaining popularity among early-career professionals seeking industry-relevant skills. These programmes, covering AI, big data, and more, blend academic knowledge with practical application. The trend is driven by rapid technological advancements and the need for professionals to continuously update their skills to remain competitive and employable.
IKEA planning new stores in the US. Check where and when
IKEA is growing its business in America. The company will launch six new stores by the end of 2025. This follows five new U.S. locations earlier this year. IKEA plans to open at least two more stores in 2026. New stores will be in Pennsylvania, Oregon, Maryland and Texas. Arizona will also get a new store.
After Brexit, rapprochement? How Trump's America is reuniting Europe
Britain and the European Union are planning a summit in London. They aim to reset relations and sign a defense agreement. This is happening as the United States reduces its global role. Trade and energy cooperation are also on the agenda. Fishing rights and youth travel remain challenging. Both sides want to address shared problems in a turbulent world.
A desperate employee asks if there are any healthy workplaces in India. Netizens say, 'Workplaces are not toxic. Managers are'
An Indian professional posted on Reddit about the toxic work culture. He asked if any Indian companies have a good work environment. He shared his experiences in India and the UK. Many users responded to his post. They discussed issues like managerial pressure and work-life balance. Some users shared positive experiences with supportive managers.
3 in 5 Indian finance professionals eye entrepreneurship: Survey
A growing number of Indian accountants are shifting away from traditional corporate paths, with 63% now aspiring to become entrepreneurs, according to ACCA’s Global Talent Trends Survey 2025. The survey, which covered over 10,000 professionals across 175 countries, reveals evolving career goals driven by a desire for flexibility, purpose, and global opportunities.
GCCs, small companies see an opening in WFO rules
Resistance to work-from-office (WfO) requirements comes at a time when low salary hikes in IT sector are also making many unhappy. While companies may be conceding to some requests to retain key employees who may be hard to replace, some people are quitting jobs and joining smaller firms or global capability centres (GCCs) that are open to work-from-home or hybrid models.
No cubicles, no clocks: Gen Z’s vision for the future of work
Gen Z in India prioritizes flexibility and work-life balance alongside salary, reshaping traditional career expectations. Hybrid work models are favored, with less interest in entrepreneurship compared to structured employment offering growth and purpose. Companies adapting to these values by providing human-centered workplaces are more likely to attract and retain Gen Z talent.
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