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Delhi High Court rejects Telegram's appeal against temporary blocking of app
A New Delhi court has rejected Telegram's appeal against a temporary ban in India. The ban was imposed to curb alleged exam-related fraud. India's IT ministry cited concerns about channels offering exam questions for sale. The court ruled that government orders banning the app were reasoned and followed legal procedures.
The Delhi High Court has backed the government's decision to temporarily restrict Telegram access until June 22. This measure aims to stop the spread of fake NEET 2026 re-examination papers and related fraud. The government cited Telegram's architecture as a challenge for law enforcement. The National Testing Agency recommended the ban to the Ministry of Electronics and Information Technology.
Early users of Anthropic's Mythos still have access after US order: Report
Select companies continue to access Anthropic's Mythos AI preview. This access remains despite a US government directive that halted other versions of the system. Bloomberg News reported this development.
SpaceX gets investment-grade ratings with stable outlook from top agencies
The consensus signals broad confidence in SpaceX's financial stability, as the company moves forward with a costly and ambitious AI push in a competitive market.
US court rules Ohio can restrict children's use of social media
An appeals court has allowed Ohio to enforce a law requiring parental consent for children under 16 to use social media. This decision overturns a previous block. The court found the law does not violate free speech. This move reflects growing global concerns about social media's impact on young people's health and safety. Parents will now have tools for oversight.
TCS, Infosys, Wipro, other IT stocks crash up to 8% as Accenture lowers FY26 guidance
Indian IT stocks, including TCS and Infosys, tumbled up to 8% after Accenture lowered its annual revenue growth forecast, signaling continued caution in discretionary technology spending. Accenture's Q3 results showed mixed performance, with earnings surpassing expectations but revenue slightly missing estimates, impacting global IT sector sentiment.
US tells ASML it's concerned one of its chipmaking tools may be in China: report
ASML has pushed back against those concerns, noting that EUV, or extreme ultraviolet, lithography tools used to print tiny chip circuits are made in small quantities and require constant upkeep from ASML employees, according to the report.
Intel taps industry veteran Seok-Hee Lee to lead foundry packaging push
The American chipmaker has been trying to reinvigorate its manufacturing business under CEO Lip-Bu Tan, after missing out on the AI boom.
OpenAI introduces enhanced usage analytics, AI spending controls for ChatGPT Enterprise
The new features aim to help manage costs and track credit usage, as growing adoption of the AI tools by power users in enterprises has drawn attention to the escalating costs associated with extensive AI consumption.
Meta lobbies Congress for protection from child-harm lawsuits
If adopted by lawmakers and passed into law as part of the Kids Online Safety Act (KOSA) under consideration in the U.S. Senate, such a provision could undermine thousands of lawsuits against Meta and other online platforms over harms to children.
L’Oréal adds Innovist to cart; HealthQuad's new fund
Happy Friday! Personal care giant L’Oreal has acquired a majority stake in Innovist in India’s biggest D2C deal. This and more in today’s ETtech Morning Dispatch.
Accenture logs $18 billion Q3 revenue, revenue misses estimates
Accenture's Q3 FY26 results revealed a slowdown in IT demand, with the company missing revenue estimates and lowering its full-year guidance. While Middle East conflicts and longer decision cycles impacted revenue, the results serve as a cautionary signal for Indian IT firms, particularly concerning slower growth in the Americas market.
HC questions Telegram ban ahead of NEET retest
Delhi High Court questioned the government's ban on Telegram for 150 million users ahead of the NEET re-examination. The court asked if restricting rights of many is justified to protect others. The government cited Telegram's architecture and bot system as reasons for the emergency measure, citing difficulties in tracking offenders.
Meta in India doing what others can’t: Infrastructure head Santosh Janardhan
Meta Platforms is set to build significant AI data centre capacity in India. The company is already working on a large data centre in Jamnagar with Reliance Industries. Meta's Bengaluru engineering hub plays a crucial role in developing proprietary silicon, said Santosh Janardhan global head of infrastructure at Meta Platforms.
HealthQuad raises Rs 550 crore, eyes Rs 1,700 crore fund
HealthQuad has secured Rs 550 crore for its third fund. The venture capital firm aims to raise Rs 1,700 crore to back early-growth companies in healthtech, medtech, and biopharma technology. This new fund will focus on innovative healthcare delivery models. HealthQuad expects to close the fund by mid-next year.