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Here’s why Paytm’s five latest product innovations make it the most trusted UPI app
Paytm is a top UPI payments platform in India. It introduces new features for easy and secure transactions. Users can hide transaction details and download statements. They can also personalize UPI IDs and check balances across accounts. A QR widget on the home screen enables quick payments. These innovations make digital payments smarter and more accessible.
Shiprocket introduces Shunya.ai for small businesses. This AI platform supports multiple Indian languages. It aims to improve cataloging, marketing, and customer service. Shunya.ai targets over one lakh MSMEs in its first year. It is expected to save time and money. The platform will be embedded into Shiprocket's seller panel. India's D2C market is projected to reach $100 billion by 2025.
Indeed, Glassdoor to cut 1,300 jobs amid AI integration, memo shows
Recruit Holdings, parent company of Indeed and Glassdoor, is set to lay off around 1,300 employees, about 6% of its HR technology segment. The layoffs, primarily affecting US-based R&D, growth, and sustainability teams, come as the company shifts its focus towards artificial intelligence. This restructuring also includes integrating Glassdoor into Indeed, leading to leadership changes at both companies.
Paytm to become an AI-first company: Founder Vijay Shekhar Sharma
Sharma said that as most jobs done by humans will be done by AI, the focus should be on building core products. He added that the goal for Paytm is to go beyond a fintech and become an AI-first company.
TCS salary hike to be decided later in the year: HR chief Milind Lakkad
TCS salary increment decision: Tata Consultancy Services (TCS) maintained its stance of deciding on salary increments later in the year, even as its attrition rate edged up to 13.8% in the June quarter. In a sluggish start to FY26, TCS reported a 6% YoY growth in net profit and a 1.3% rise in revenue.
AI device startup that sued OpenAI and Jony Ive is now suing its own ex-employee over trade secrets
OpenAI, maker of ChatGPT, started to outline its own vision in May by buying io Products, a product and engineering company co-founded by Ive, in a deal valued at nearly $6.5 billion. Soon after, iyO sued for trademark infringement for the similar sounding name and because of the firms' past interactions.
Innovating for India and Beyond: Pushing the Frontiers of Defence Technology
Quick commerce grew 142% during FY22-25, GOV to hit Rs 2 lakh crore by 2028: CareEdge
India's Quick Commerce (Q-commerce) market is estimated to have reached around Rs 64,000 crore in FY25, growing at a staggering CAGR of 142% during FY22-FY25, driven by evolving consumer preferences, hyperlocal infrastructure, and a lower base, said market analytics firm CareEdge in its latest report.
Google to discount cloud computing services for US government: FT report
Google is poised to offer significant discounts on its cloud computing services to the U.S. government, potentially finalizing the deal soon. This move aligns with President Trump's efforts to reduce federal spending. Similar discounts are anticipated from Microsoft's Azure and Amazon Web Services, indicating widespread cooperation from major tech companies to support government efficiency.
Bitcoin hits record high of $116,781 on institutional investor demand
Bitcoin surged to a record high of $116,781.10 on Friday, driven by strong institutional demand and pro-crypto policies under US President Donald Trump. Supportive measures include a strategic crypto reserve and favourable appointments. Ether also rose over 5%, reaching a five-month high of $2,998.41 before easing slightly.
First Tesla store in India to open next week — What we know so far
Tesla is set to inaugurate its first Indian outlet in Mumbai on July 15. The 'experience centre' will be located in Bandra-Kurla Complex. Tesla had leased a 4,000 square foot showroom in March. They also leased a vehicle service area in Kurla West. This marks Tesla’s fourth commercial space in India.
Turkey's competition board imposes $8.9 million fine to Google
Turkey’s Competition Authority has fined Google approximately $8.87 million for breaching regulatory obligations. The watchdog said Google violated rules through certain design implementations during the compliance process following a previous antitrust investigation.
Google offers up to $340,000 as AI talent wars escalate in the US
Google has revamped its pay structure to reward high performers and attract elite AI talent, with software engineers now earning up to $340,000 in base salary. As competition with Meta and OpenAI intensifies, tech giants are offering record compensation packages, including stock and bonuses, to retain and recruit top AI experts.
ONDC dangles discount carrot; Tariff woes hit TCS
Happy Friday! ONDC is set to reintroduce incentives amid food delivery growth cooling off. This and more in today’s ETtech Morning Dispatch.
Startups chase finserv companies seeking GenAI customer support use cases
With agentic AI, banks can solve a large part of their customers' basic queries by software, instead of dedicating teams with human agents. However, integration with legacy banking software systems and stringent regulations make the deployments tricky.