HDFC Bank, India’s largest private sector lender, on Sunday said it had launched the “Flexi Electric Car Loan”, which finances the body and battery of an electric vehicle (EV) in different proportions and allows the battery portion to be repaid over a longer term. The bank described the product as the first of its … Read more
Private equity firms 360 ONE and TR Capital are among potential buyers in talks to acquire about 20-22% stake held by early investors in the company that owns Paper Boat brand of traditional Indian beverages, multiple people aware of the development told ET. The deal is likely to value the target company, Hector Beverages, around … Read more
Canva has unveiled Canva Craft, its first image-generation foundation model developed and trained from scratch by its in-house AI research unit, as the design platform seeks to strengthen its artificial intelligence capabilities. The company said Craft debuted as the fourth most advanced image-generation model on DesignArena, a crowdsourced platform for evaluating AI design models. It … Read more
RBI Governor Sanjay Malhotra on Friday justified the classification of Tata Sons as an upper-layer NBFC, saying that any large NBFCs or core investment companies that handle public funds or leverage a group’s balance sheet need to be registered with the central bank and follow the requisite listing norms. Large NBFCs and core investment companies … Read more
SoftBank Group Corp’s market value halved from its peak in June, as higher borrowing costs fuel investor concerns over the sustainability of its massive investments in artificial intelligence. Shares of the Tokyo-based company fell 6.9% on Thursday, taking their drop from an all-time high struck on June 2 to 50%, with earnings from US megacaps … Read more
BENGALURU: It has been a difficult day for cybersecurity, with critical vulnerabilities in PHP triggering an urgent global patching effort, millions of reported hacking attempts, and precautionary shutdowns of some online services. Microsoft CEO Satya Nadella said the scale of the incident was unusual, remarking at an event in Cologne in Germany that he had … Read more
Flipkart is preparing to enter India’s food-delivery market with a new service called Eat-in by Minutes, which will compete with Zomato and Swiggy. The Walmart-backed e-commerce giant is rolling out the service in Bengaluru and is expected to go public by the end of October 2026. The move would provide an additional platform for customers … Read more
India’s instant househelp startups, which offer services at Rs 100 and increasingly at far lower prices, are growing fast, but the bill for that growth is getting harder to ignore. Snabbit spent Rs 195 crore in FY26 to generate just Rs 12.2 crore in operating revenue, while Urban Company’s quarterly loss more than tripled as … Read more
Funskool India is targeting turnover of over ₹400 crore in FY27, banking on international partnerships and manufacturing expansion, even as India’s toy industry grapples with dependence on China for specialised tooling and electronic components. The company expects to close FY27 with revenue of ₹380-400 crore, against its budget of ₹350 crore, said K. A. Shabir, … Read more