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AI deals with media outlets like WSJ and FT help tech firms avoid conflicts. Google pays WSJ for new AI content. Need for regulation in transformative tech. Fair compensation for content creators essential for responsible AI training.

Cola, beverage, ice cream makers expect surge in sales as temp soars

Beverages major PepsiCo said summer months are naturally the most favourable season for its category and it is "optimistic" that its portfolio of brands will continue to delight consumers during the period.

Cred's head of risk Kunal Kashyap quits, set to join Slice

Kunal Kashyap moves from Cred to Slice, which merges with North East Small Finance Bank. Pending approvals from Competition Commission of India. Slice reports Rs 846 crore operating revenue, Rs 405 crore net loss.

Only 22% of unicorns were started by solopreneurs in last decade: PrivateCircle

In the last decade, Indian unicorns saw 22% started by solopreneurs and 78% with two or more co-founders. Cofounder unicorns had 32% higher revenue. Bengaluru was a top headquarters, focusing on fintech. Effective resource utilization emphasized for success.

Under-eye swelling? Try these home remedies

Tata Sons plans to sell Rs 9,300 crore slice of TCS

As of December 31, 2023, Tata Sons held a 72.38% stake in TCS. The stock slid 1.75% to ₹4,144.75 on the BSE Monday. TCS has a market capitalisation just north of ₹15 lakh crore - nearly half the total market value of all the Tata Group listed companies at ₹31.09 lakh crore.

CCI approves merger of Slice with North East Small Finance Bank

Garagepreneurs Internet, which operates the brand Slice, will merge with its in-house non-banking finance company Quadrillion Finance and the combined entity along with the bank’s microfinance entity, RGVN Microfinance will merge with NESFB.

Slice gets CCI's clearance to merge with North-East Small Finance Bank

CCI has cleared the merger of fintech firm Slice with North-East Small Finance Bank and approved the acquisition of stake and majority shareholding in Asian Institute of Nephrology and Urology by TPG Growth V SF Markets Pte Ltd and Lathe Investment Pvt Ltd respectively.

Govt looks for a fix in Google vs Indian apps; NPCI eyes evenly-sliced UPI pie

As Google and Indian internet firms face off on billing, the government is seeking a return to the status quo and a “long-term solution”. This and more in today’s ETtech Morning Dispatch.

NPCI eyes a more evenly sliced UPI pie

As of now, Walmart-backed PhonePe and Google Pay already control more than 80% of the UPI market between them, while Paytm has under 12%. However, last month’s regulatory crackdown on Paytm Payments Bank could see the number three player ceding user volume to the frontrunners.

HDFC Bank, ICICI Bank vie for slice of index flows into India

ICICI Bank Ltd. and HDFC Bank Ltd. are planning meetings with investors in London, Singapore and Hong Kong in the coming months, seeking to woo them with a range of currency hedging products and custodian services.

Digital banking infra provider Signzy acquires Difenz at $5 million valuation

The acquisition also gives an exit to early-stage venture capital fund 8i Ventures, which had invested Rs 4.5 crore in a seed round in Difenz.

Zomato plans for Blinkit to deliver more via ecommerce

This major push into the fast-growing direct-to-consumer space would entail Zomato building its own supply chain to directly source branded products and manage stock, multiple people aware of the plans told ET. It would deliver these through Blinkit.

Slice launches its UPI-first account for all users

After a three-month beta testing period, primarily available to its existing customer base, Slice is now extending the account services to all users, the Tiger Global-backed fintech firm said in a statement.

Startups talk up funding winter, but loosen their purse strings

During the ongoing funding winter, several internet majors such as Paytm, Policybazaar parent PB Fintech, Flipkart failedd to control expenses in FY23. Horizontal omnichannel retailers such as Nykaa, Mamaearth parent Honasa Consumer and FirstCry also saw both employee expenses and marketing costs rise anywhere between 23% to 55% during FY23.

Slice posts 200% jump in FY23 operating revenue, losses go up 60%

Among its major cost items, Slice reported a massive jump in employee costs as the startup expanded its strength significantly in the last fiscal. Its employee costs for FY23 shot up to Rs 287 crore from around Rs 99 crore.

Slice secures RBI nod to appoint ex-Andhra Bank executive as MD & CEO

North East Small Finance Bank is in the process of getting merged with Bengaluru-headquartered fintech unicorn Slice.

Unicorn Slice eyes $100 million to fuel its banking dreams

The Bengaluru-based fintech firm is scouting for fresh equity and is trying to get a good deal from investors. The talks are still at an early stage and, given the overall funding winter, might take a few months to close, sources told ET.

It took Indian Army to show to world that 'enough is enough': Gen Naravane on Eastern Ladakh

Gen Manoj Mukund Naravane, the 28th Chief of Army Staff, one of the foremost Army Generals, provided a gripping account of the India-China confrontation before and after the deadly Galwan Valley incident, India's overall response to the Chinese action and how it served as a catalyst to firm up the Army's combat readiness along the Line of Actual Control (LAC).

Eyeing decent slice of value lifestyle segment growth in ecommerce: Snapdeal CEO

Snapdeal's business metrics are "in a good space" in the value ecommerce category and it has opted to "reinvest in growth now" as financial parameters are within striking distance of profitability, Himanshu Chakrawarti, CEO of Snapdeal, said.

Karnataka’s new procurement policy aims to give slice of government business to startups

The government has not decided on the share of procurement that should go to startups, but it’s speculated that the figure may be set at 5%.

Fintech Slice to merge with North East Small Finance Bank

For Slice, which has been running as a non-banking finance company for the last four years, the option was to either convert itself into a bank by applying for a fresh licence or acquire one (after crossing the five-year mark as an NBFC).

Fintech unicorn Slice picks 5% in North East Small Finance Bank

Move signals new-age biz reliance on licensed banks; More investments could be on cards